| x | Quarterly                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|---|-----------------------------------------------------------------------------------------------------------------|

| o | Transition                report under Section 13 or 15(d) of the Exchange                Act |
|---|-----------------------------------------------------------------------------------------------|

| Delaware                                                                                     |   | 20-2942206                                                         |
|----------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|
| (State                or other Jurisdiction of Incorporation                or Organization) |   | (I.R.S.                Employer Identification                No.) |

| 1200                River Road, Suite 1302, Conshohocken, Pennsylvania                19428 |
|---------------------------------------------------------------------------------------------|
| (Address                of Principal Executive Office)                                      |

----

|                                                                                                         |   | Page   |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| Part                I: Financial Information:                                                                |   |   |   |   |
|                                                                                                         |   |   |   |   |
| Item                1 –Financial                Statements (Unaudited):                                |   |   |   |   |
|                                                                                                         |   |   |   |   |
| Balance                Sheets                                                                                |   |   | 3      |   |
|                                                                                                         |   |   |   |   |
| Statements                of Operations                                                                      |   |   | 4      |   |
|                                                                                                         |   |   |   |   |
| Statements                of Stockholders’ Equity                                                      |   |   | 5      |   |
|                                                                                                         |   |   |   |   |
| Statements                of Cash Flows                                                                      |   |   | 6      |   |
|                                                                                                         |   |   |   |   |
| Summary                of Significant Accounting Policies                                                    |   |   | 7      |   |
|                                                                                                         |   |   |   |   |
| Notes                to Unaudited Financial Statements                                                       |   |   | 9      |   |
|                                                                                                         |   |   |   |   |
| Item                2 –                Management’s Discussion and Analysis or Plan of Operation |   |   | 14     |   |
|                                                                                                         |   |   |   |   |
| Item                3 – Controls and Procedures                                                        |   |   | 15     |   |
|                                                                                                         |   |   |   |   |
| Part                II: Other Information                                                                    |   |   |   |   |
|                                                                                                         |   |   |   |   |
| Item                2 – Unregistered Sales of Equity Securities and Use of                Proceeds     |   |   | 16     |   |
|                                                                                                         |   |   |   |   |
| Item                6 – Exhibits                                                                       |   |   | 16     |   |
|                                                                                                         |   |   |   |   |
| Signatures                                                                                                   |   |   | 17     |   |

----

**Jaguar      Acquisition Corporation**

**(A      corporation in the development stage)**

**Balance      Sheets**

----

|                                                                                                                                                                           |   | June                30, 2007 |       | March                31, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|------------|-------------------------------|--------|
|                                                                                                                                                                           |   | (unaudited)                  |       |                          |   |
|                                                                                                                                                                           |   |                         |       |                          |   |
| **Assets**                                                                                                                                                                     |   |                         |       |                          |   |   |   |
| Current                assets:                                                                                                                                                 |   |                         |       |                          |   |   |   |
| Cash                and cash equivalents                                                                                                                                       |   | $                            | 48,420     |                          | $      | 193,651 |   |
| Cash                and cash equivalents held in Trust Fund (Note 2)                                                                                                           |   |                         | 26,149,682 |                          |   | 25,913,282 |   |
| Accrued                interest receivable in Trust Fund (Note 2)                                                                                                              |   |                         | 77,086     |                          |   | 76,552 |   |
| Prepaid                expenses                                                                                                                                                |   |                         | 24,892     |                          |   | 46,259 |   |
| Total                current assets                                                                                                                                            |   |                         | 26,300,080 |                          |   | 26,229,744 |   |
| Deferred                acquisition costs                                                                                                                                      |   |                         | 356,617    |                          |   | 202,774 |   |
| Total                assets                                                                                                                                                    |   | $                            | 26,656,697 |                          | $      | 26,432,518 |   |
|                                                                                                                                                                           |   |                         |       |                          |   |   |   |
| **Liabilities                and Stockholders’ Equity**                                                                                                                  |   |                         |       |                          |   |   |   |
| Current                liabilities:                                                                                                                                            |   |                         |       |                          |   |   |   |
| Accounts                payable                                                                                                                                                |   |                         | 21,176     |                          |   | 19,251 |   |
| Accrued                expenses                                                                                                                                                |   |                         | 30,000     |                          |   | - |   |
| Accrued                acquisition costs                                                                                                                                       |   |                         | 147,312    |                          |   | 113,362 |   |
| Taxes                payable                                                                                                                                                   |   |                         | 87,075     |                          |   | 67,075 |   |
| Total                current liabilities                                                                                                                                       |   |                         | 285,563    |                          |   | 199,688 |   |
|                                                                                                                                                                           |   |                         |       |                          |   |   |   |
| Common                Stock, subject to possible conversion, 919,540                shares at conversion value (Note 2)                                                        |   |                         | 5,237,132  |                          |   | 5,189,769 |   |
|                                                                                                                                                                           |   |                         |       |                          |   |   |   |
| Commitment                (Note 4)                                                                                                                                             |   |                         |       |                          |   |   |   |
|                                                                                                                                                                           |   |                         |       |                          |   |   |   |
| Stockholders’                equity (Notes 5, 6 and 8)                                                                                                                   |   |                         |       |                          |   |   |   |
| Preferred                stock, $.0001 par value, Authorized 1,000,000 shares; none                issued                                                                      |   |                         | --         |                          |   | -- |   |
| Common                stock, $.0001 par value Authorized 20,000,000 shares                                                                                                     |   |                         | 572        |                          |   | 572 |   |
|  Issued                and outstanding 5,716,667 shares (which includes 919,540 subject                to                possible conversion) and 1,000,000, respectively |   |                         |       |                          |   |   |   |
| Additional                paid-in capital                                                                                                                                      |   |                         | 20,412,821 |                          |   | 20,460,184 |   |
| Retained                  earnings accumulated during development                  stage                                                                                       |   |                         | 720,609    |                          |   | 582,305 |   |
|                                                                                                                                                                           |   |                         |       |                          |   |   |   |
| Total                stockholders’ equity                                                                                                                                |   |                         | 21,134,002 |                          |   | 21,043,061 |   |
|                                                                                                                                                                           |   |                         |       |                          |   |   |   |
| Total                liabilities and stockholders’ equity                                                                                                                |   | $                            | 26,656,697 |                          | $      | 26,432,518 |   |

*See      summary of significant accounting policies and accompanying notes to financial      statements.*

----

**Jaguar        Acquisition Corporation**

**(A        corporation in the development stage)**

**Statements        of Operations**

----

|                                                                                                                 |   | Quarter                               |      | Quarter                        |   | Period fromJune 2, 2005 |   |
|----------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|-----------|--------------------------------|--------|----------------------------------------|--------|
|                                                                                                                 |   | ended                                 |      | ended                          |   | (inception to)                    |   |
|                                                                                                                 |   | June                  30              |      | June                  30       |   | June                  30               |   |
|                                                                                                                 |   | 2007                                  |      | 2006                           |   | 2007                                   |   |
|                                                                                                                 |   | (Unaudited)                           |      | (Unaudited)                    |   | (Unaudited)                            |   |
|                                                                                                                 |   |                        |      |                      |   |                              |   |
| Income:                                                                                                              |   |                                  |           |                           |   |                                        |   |   |  |   |
| Interest                  income                                                                                     |   | $                                     | 236,935   |                           | $      | 200,480                                |   | $ | 1,131,051 |   |
| Loss                  on disposition of T-Bills                                                                      |   |                                  |           |                           |   | -                                      |   |   | (2,285 | ) |
| Total                  Income                                                                                        |   | $                                     | 236,935   |                           | $      | 200,480                                |   | $ | 1,128,766 |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Expenses:                                                                                                            |   |                                  |           |                           |   |                                        |   |   |  |   |
| General                  and administrative and formation expenses (Note 4)                                          |   |                                  | 78,631    |                           |   | 39,594                                 |   |   | 320,307 |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Net                  income before income taxes                                                                      |   |                                  | 158,304   |                           |   | 161,246                                |   |   | 808,459 |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Provision                  for taxes (Note 9)                                                                        |   |                                  | 20,000    |                           |   | 12,000                                 |   |   | 87,850 |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Net                  income for the period                                                                           |   | $                                     | 138,304   |                           | $      | 149,246                                |   | $ | 720,609 |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Accretion                  of Trust Account relating to common stock subject to possible                  conversion |   |                                  | (47,363   | )                              |   | (45,746                                | )      |   | (225,639 | ) |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Net                  income attributable to other common stockholders                                                |   | $                                     | 90,940    |                           | $      | 103,500                                |   | $ | 494,970 |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Weighted                  average number of shares subject to possible conversion                                    |   |                                  | 919,540   |                           |   | 919,540                                |   |   |  |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Net                  income per share - basic and diluted                                                            |   | $                                     | 0.05      |                           | $      | 0.05                                   |   |   |  |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Weighted                  average number of shares outstanding                                                       |   |                                  | 4,797,127 |                           |   | 4,142,382                              |   |   |  |   |
|                                                                                                                 |   |                                  |           |                           |   |                                        |   |   |  |   |
| Net                  income per share - basic and diluted                                                            |   | $                                     | 0.02      |                           | $      | 0.03                                   |   |   |  |   |

*See        summary of significant accounting policies and accompanying notes to financial        statements*

----

**Jaguar        Acquisition Corporation**

**(A        corporation in the development stage)**

**Statements        of Stockholders’ Equity**

----

|                                                                                                                                                                                                           |   | Common                    Stock |      | AdditionalPaid-In |   | RetainedEarnings/ |   | TotalStockholders’ |       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-----------|-------------------|--------|-------------------|--------|--------------------------|------------|
|                                                                                                                                                                                                           |   | Shares                          |      | Amount            |   | Capital           |   | (deficit)           |       | Equity |   |
| Balance,                    June 2, 2005 (inception)                                                                                                                                                           |   |                            | -         |              | $      | -                 |   | $                        | -          |   | $ | - |   | $ | - |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Common                    shares issued to initial stockholders                                                                                                                                                |   |                            | 1,000,000 |              |   | 100               |   |                     | 24,900     |   |   | - |   |   | 25,000 |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Net                    loss for the period                                                                                                                                                                     |   |                            |           |              |   |                   |   |                     |            |   |   | (1,200 | ) |   | (1,200 | ) |
| Balance,                    March 31, 2006                                                                                                                                                                     |   |                            | 1,000,000 |              | $      | 100               |   | $                        | 24,900     |   | $ | (1,200 | ) | $ | 23,800 |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Sale                    of 4,000,000 units, net of underwriters’ discount and offering                    expenses (includes 799,600 shares subject to possible                    conversion) |   |                            | 4,000,000 |              |   | 400               |   |                     | 21,626,463 |   |   | - |   |   | 21,626,863 |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Proceeds                    from issuance of common stock subject to possible conversion                    of 799,600                    shares                                                               |   |                            | -         |              |   | -                 |   |                     | (4,357,820 | ) |   | - |   |   | (4,357,820 | ) |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Proceeds                    from issuance of underwriter purchase option                                                                                                                                       |   |                            | -         |              |   | -                 |   |                     | 100        |   |   | - |   |   | 100 |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Proceeds                    from issuance of insider units                                                                                                                                                     |   |                            | 116,667   |              |   | 12                |   |                     | 699,990    |   |   | - |   |   | 700,002 |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Sale                    of 600,000 units in overallotment ( includes 119,940 shares subject                    to possible conversion), net of underwriter’s discount                               |   |                            | 600,000   |              |   | 60                |   |                     | 3,311,940  |   |   | - |   |   | 3,312,000 |   |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Proceeds                    from issuance of common stock subject to possible conversion                    of 119,940                    shares                                                               |   |                            | -         |              |   | -                 |   |                     | (653,672   | ) |   | - |   |   | (653,672 | ) |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Accretion                    of trust relating to common stock subject to possible conversion                                                                                                                  |   |                            | -         |              |   | -                 |   |                     | (178,276   | ) |   | - |   |   | (178,276 | ) |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Additional                    offering expenses                                                                                                                                                                |   |                            | -         |              |   | -                 |   |                     | (13,441    | ) |   | - |   |   | (13,441 | ) |
|                                                                                                                                                                                                           |   |                            |           |              |   |                   |   |                     |            |   |   |  |   |   |  |   |
| Net                    income for the period ending March 31 2007                                                                                                                                              |   |                            | -         |              |   | -                 |   |                     | -          |   |   | 583,505 |   |   | 583,505 |   |
| Balance,                    March 31,2007                                                                                                                                                                      |   |                            | 5,716,667 |              | $      | 572               |   | $                        | 20,460,184 |   | $ | 582,305 |   | $ | 21,043,061 |   |
| Accretion                    of trust relating to common stock subject to possible conversion                    (unaudited)                                                                                   |   |                            | -         |              |   | -                 |   |                     | (47,363    | ) |   | - |   |   | (47,363 | ) |
| Net                    Income for the period ending June 30, 2007 (unaudited)                                                                                                                                  |   |                            | -         |              |   | -                 |   |                     | -          |   |   | 138,304 |   |   | 138,304 |   |
| Balance,                    June 30,2007 (unaudited)                                                                                                                                                           |   |                            | 5,716,667 |              | $      | 572               |   | $                        | 20,412,821 |   | $ | 720,609 |   | $ | 21,134,002 |   |

*See        summary of significant accounting policies and accompanying notes to financial        statements*

----

**Jaguar        Acquisition Corporation**

**(A        corporation in the development stage)**

**Statements        of Cash Flows**

----

|                                                                                                                  |   | Quarter                                 |     | Quarter                          |   | Period fromJune                    2, 2005 |   |
|-----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|----------|----------------------------------|--------|-------------------------------------------------|--------|
|                                                                                                                  |   | ended                                   |     | ended                            |   | (inception) to                             |   |
|                                                                                                                  |   | June                    30              |     | June                    30       |   | June                    30                      |   |
|                                                                                                                  |   | 2007                                    |     | 2006                             |   | 2007                                            |   |
|                                                                                                                  |   | (Unaudited)                             |     | (Unaudited)                      |   | (Unaudited)                                     |   |
|                                                                                                                  |   |                          |     |                        |   |                                       |   |
| Cash                    Flows from operating activities                                                               |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Net                    Income for the period                                                                          |   | $                                       | 138,304  |                             | $      | 149,246                                         |   | $ | 720,690 |   |
|                                                                                                                  |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Adjustments                    to reconcile net income                                                                |   |                                    |          |                             |   |                                                 |   |   |  |   |
| (Increase)                    decrease in prepaid expenses                                                            |   |                                    | 21,367   |                             |   | (113,451                                        | )      |   | (24,892 | ) |
| Increase                    (decrease) in accounts payable                                                            |   |                                    | 1,925    |                             |   | 13,600                                          |   |   | 21,176 |   |
| Increase                    (decrease) in accounts payable                                                            |   |                                    | 30,000   |                             |   | -                                               |   |   | 30,000 |   |
| Increase                    in tax payable                                                                            |   |                                    | 20,000   |                             |   | 12,000                                          |   |   | 87,075 |   |
| Increase                    in interest receivable                                                                    |   |                                    | (534     | )                                |   | (109,999                                        | )      |   | (77,086 | ) |
| Net                    cash used in operating activities                                                              |   | $                                       | 211,062  |                             | $      | (48,604                                         | )      | $ | 756,882 |   |
|                                                                                                                  |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Cash                    Flows from investing activities                                                               |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Increase                    in cash and cash equivalents held in trust account                                        |   | $                                       | (236,400 | )                                | $      | (25,188,843                                     | )      | $ | (26,149,682 | ) |
| Payment                    of deferred acquisition costs                                                              |   |                                    | (119,893 | )                                |   | -                                               |   |   | (209,305 | ) |
| Net                    cash used in investing activities                                                              |   | $                                       | (356,293 | )                                | $      | (25,188,843                                     | )      | $ | (26,358,987 | ) |
|                                                                                                                  |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Cash                    Flow from financing activities                                                                |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Proceeds                    from initial public offering, net                                                         |   | $                                       | -        |                             | $      | 25,729,828                                      |   | $ | 25,723,855 |   |
| Proceeds                    from notes payable, stockholders                                                          |   |                                    | -        |                             |   | -                                               |   |   | 75,000 |   |
| Proceeds                    of notes payable, stockholders                                                            |   |                                    | -        |                             |   | (75,000                                         | )      |   | (75,000 | ) |
| Proceeds                    from issuance of common stock to initial stockholders                                     |   |                                    | -        |                             |   | -                                               |   |   | 25,000 |   |
| Payment                    of deferred offering costs                                                                 |   |                                    | -        |                             |   | -                                               |   |   | (98,330 | ) |
| Net                    cash provided by financing activities                                                          |   | $                                       | -        |                             | $      | 25,654,828                                      |   | $ | 25,650,525 |   |
|                                                                                                                  |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Net                    increase in cash and cash equivalents                                                          |   | $                                       | (145,231 | )                                | $      | 417,381                                         |   | $ | 48,420 |   |
| Cash                    and cash equivalents at the beginning of period                                               |   |                                    | 193,651  |                             |   | 470                                             |   |   | — |   |
| Cash                    and cash equivalents at the end of period                                                     |   | $                                       | 48,420   |                             | $      | 417,851                                         |   | $ | 48,420 |   |
|                                                                                                                  |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Supplemental                    disclosure of non-cash financing activities                                           |   |                                    |          |                             |   |                                                 |   |   |  |   |
| Accrued                    offering costs                                                                             |   | $                                       | -        |                             | $      | 5,973                                           |   | $ | - |   |
| Accrued                    acquisition costs                                                                          |   | $                                       | 33,950   |                             | $      | -                                               |   | $ | 147,312 |   |
| Accretion                    of trust fund relating to common stock subject to possible                    conversion |   | $                                       | 47,363   |                             | $      | 45,746                                          |   | $ | 225,639 |   |
| Fair                    value of underwriter purchase option                                                          |   | $                                       | -        |                             | $      | -                                               |   | $ | 759,500 |   |
| Taxes                    Paid                                                                                         |   | $                                       | -        |                             | $      | -                                               |   | $ | 745 |   |

*See      summary of significant accounting policies and accompanying notes to financial      statements*

----

**Jaguar      Acquisition Corporation**

**(A      corporation in the development stage)**

**Summary      of Significant Accounting Policies**

----

|   | **Cash                  and Cash****Equivalents**                            | The                  Company considers all highly liquid investments with original maturities                  of three months or less to be cash equivalents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | **Securities                  Held in ****Trust                  Fund** | The                  Company carries its investment in U.S. government securities at                  cost,                  which approximates fair value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | **Income                  Taxes**                                            | The                  Company follows Statement of Financial Accounting Standards No.                  109 (“SFAS                  No. 109”), “Accounting for Income Taxes” which is an asset and liability                  approach that requires the recognition of deferred tax assets and                  liabilities for the expected future tax consequences of events                  that have                  been recognized in the Company’s financial statements or tax                  returns.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | **Net                  Income (loss) Per Share**                             | Basic                  net income (loss) per share is calculated by dividing net income                  (loss)                  attributable to common shareholders by the weighted average number                  of                  common shares outstanding during the period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                         | Basic                  earnings (loss) per share excludes dilution and is computed by                  dividing                  income (loss) available to common stockholders by the weighted                  average                  common shares outstanding for the period. Calculation of the weighted                  average common shares outstanding during the period is based on                  1,000,000                  initial shares outstanding throughout the period from June 2, 2005                  (inception) to June 30, 2007 and 3,797,127 common shares outstanding                  after                  the effective date of the offering on April 13, 2006. Net income                  per share                  subject to possible conversion is calculated by dividing accretion                  of                  trust account relating to common stock subject to possible conversion                  by                  919,540 common stock subject to possible conversion. Diluted earnings                  per                  share reflects the potential dilution that could occur if securities                  or                  other contracts to issue common stock were exercised or converted                  into                  common stock or resulted in the issuance of common stock that then                  shared                  in the earnings of the equity. At June 30, 2007, there were no                  such                  potentially dilutive securities. |
|   |                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | **Deferred                  Offering Costs**                                 | Deferred                  offering costs consisted principally of legal, audit and underwriting                  fees                  incurred through the balance sheet date that were charged to capital                  upon                  receipt of the proceeds from the offering during April                  2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | **Deferred                  Acquisition****Costs**                           | Costs                  related to proposed acquisitions are capitalized and in the unlikely                  event                  the acquisition does not occur, the costs are                  expensed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

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**Jaguar          Acquisition Corporation**

**(A          corporation in the development stage)**

**Summary          of Significant Accounting Policies**

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|   | **Use                  of Estimates**                     | The                  preparation of financial statements in conformity with accounting                  principles generally accepted in the United States of America requires                  management to make estimates and assumptions that affect the reported                  amounts of assets and liabilities at the date of the financial                  statements                  and the reported amounts of expenses during the reporting period.                  Actual                  results could differ from those estimates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|-----------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | **Recently                  Issued Accounting Standards** | In                  July 2006, the Financial Accounting Standards Board (“FASB”) issued                  Interpretation No. 48 (“FIN 48”), “Accounting for Uncertainty in Income                  taxes, and Interpretation of FASB Statement No. 10.” FIN 48 clarifies the                  accounting for uncertainty in income taxes recognized in a company’s                  financial statements and prescribes a recognition threshold and                  measurement attribute for the financial statement recognition and                  measurement of a tax position taken or expected to be taken in                  an income                  tax return. FIN 48 also provides guidance in derecognition,                  classification, interest and penalties, accounting in interim periods,                  disclosures and transition. FIN 48 is effective for the fiscal                  years                  beginning after December 15, 2006. The adoption of FIN 48 did not                  have a                  material inpact on the Company’s financial statements. |

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**Jaguar        Acquisition Corporation**

**(a        corporation in the development stage)**

**Notes        to Unaudited Financial Statements**

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| **1.** | **Basis                of Presentation**          | The                accompanying financial statements are unaudited and have been prepared                in                accordance with accounting principles generally accepted in the United                States of America for interim financial information and with the                instructions to Form 10QSB. Accordingly, certain information and                footnote                disclosures normally included in financial statements prepared in                accordance with accounting principles generally accepted in the United                States of America have been omitted pursuant to such rules and                regulations. These                financial statements should be read in conjunction with the audited                financial statements that were included in the Company’s Form 10-KSB for                the period ended March 31, 2007. In                the opinion of the Company, all adjustments (consisting primarily                of                normal accruals) have been made that are necessary to present fairly                the                financial position of the Company. Operating results for the interim                period presented are not necessarily indicative of the results to                be                expected for a full year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|---------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| **2.** | **Organization****and****Business****Operations** | Jaguar                Acquisition Corporation (the “Company”) was incorporated in Delaware on                June 2, 2005 as a blank check company whose objective is to acquire                an                operating business. The Company’s initial stockholders purchased 1,200,000                shares of common stock, $.0001 par value, for $25,000 in July                2005. The                  registration statement for the Company’s initial public offering                  (“Offering”) was declared effective April 5, 2006. The Company consummated                  the offering on April 13, 2006 and received net proceeds of approximately                  $21,600,000 from the sale of 4,000,000 units. The Company incurred                  approximately $110,330 in deferred offering costs as of March 31,                  2006                  which were charged to Additional Paid-In Capital at the time of                  the                  initial public offering. On April 18, 2006 the underwriters exercised                  their over-allotment option and the Company received net proceeds                  of                  approximately $3,300,000.                  The Company’s management has broad discretion with respect to the specific                  application of the net proceeds of this Offering, although substantially                  all of the net proceeds of this Offering are intended to be generally                  applied toward consummating a business combination with an operating                  business (“Business Combination”). Furthermore, there is no assurance that                  the Company will be able to successfully effect a Business Combination.                  An                  amount of $25,098,002 (including $700,002 of proceeds from the                  Insider                  Units discussed in Note 8) was placed in an interest-bearing trust                  account. As at June 30, 2007 an amount of $26,266,768 (which includes                  accrued interest of $77,086) is being held in an interest-bearing                  trust                  account (“Trust Account”) until the earlier of (i) the consummation of a                  Business Combination or (ii) liquidation of the Company. Under                  the                  agreement governing the Trust Account, funds will only be invested                  in                  United States government securities (Treasury Bills) with a maturity                  of                  180 days or less. The remaining net proceeds (not held in the Trust                  Account) may be used to pay for business, legal and accounting                  due                  diligence on prospective acquisitions and continuing general and                  administrative expenses. |

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**Jaguar      Acquisition Corporation**

**(a      corporation in the development stage)**

**Notes      to Unaudited Financial Statements**

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|   |   | The                Company, after signing a definitive agreement for the acquisition                of a                target business, will submit such transaction for stockholder approval.                In                the event that stockholders owning 20% or more of the shares sold                in the                Offering vote against the Business Combination and exercise their                conversion rights described below, the Business Combination will                not be                consummated.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
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|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   | All                of the Company’s stockholders prior to the Offering, including all of the                officers and directors of the Company (“Initial Stockholders”), have                agreed to vote their 1,000,000 founding shares of common stock in                accordance with the vote of the majority in interest of all other                stockholders of the Company (“Public Stockholders”) with respect to any                Business Combination. After consummation of a Business Combination,                these                voting safeguards will no longer be applicable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   | With                respect to a Business Combination which is approved and consummated,                any                Public Stockholder who voted against the Business Combination may                demand                that the Company convert his shares. The per share conversion price                will                equal the amount in the Trust Account, calculated as of two business                days                prior to the consummation of the proposed Business Combination, divided                by                the number of shares of common stock held by Public Stockholders                at the                consummation of the Offering. Accordingly, Public Stockholders holding                19.99% of the aggregate number of shares owned by all Public Stockholders                may seek conversion of their shares in the event of a Business                Combination. Such Public Stockholders are entitled to receive their                per                share interest in the Trust Account computed without regard to the                shares                held by Initial Stockholders. In this respect, $5,237,132                (which includes $225,639 accretion of Trust Fund) has been classified                as                common stock subject to possible conversion at June 30, 2007. The                Company’s Certificate of Incorporation provides for mandatory liquidation                of the Company in the event that the Company does not consummate                a                Business Combination within 18 months from the date of the consummation                of                the Offering (such date would be October 13, 2007), or 24 months                from the                consummation of the Offering if certain extension criteria have been                satisfied (such date would be April 13, 2008). In the event of                liquidation, it is likely that the per share value of the residual                assets                remaining available for distribution (including Trust Account assets)                will                be less than the initial public offering price per share in the Offering                due to costs related to the Offering (assuming no value is attributed                to                the Warrants contained in the Units sold in the Offering (See                Note 3)). |

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**Jaguar      Acquisition Corporation**

**(a      corporation in the development stage)**

**Notes      to Unaudited Financial Statements**

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| **3.** | **Offering**   | The                Company sold 4,600,000 units (“Units”) in the Offering, which includes the                600,000 Units subject to the underwriters’ over-allotment. Each Unit                consists of one share of the Company’s common stock, $.0001 par value, and                two Redeemable Common Stock Purchase Warrants (“Warrants”). Each Warrant                entitles the holder to purchase from the Company one share of common                stock                at an exercise price of $5.00 commencing the later of the completion                of a                Business Combination or one year from the effective date of the Offering                and expiring four years from the effective date of the Offering.                The                Warrants will be redeemable, upon prior written consent of the                underwriter, at a price of $.01 per Warrant upon 30 days’ notice after the                Warrants become exercisable, only in the event that the last sale                price of                the common stock is at least $8.50 per share for any 20 trading days                within a 30 trading day period ending on the third day prior to the                date                on which notice of redemption is given. In connection with this Offering,                the Company issued an option, for $100, to the representative of                the                underwriters to purchase 350,000 Units at an exercise price of $9.10                per                Unit. On April 5, 2006, the Company estimated that the fair value                of this                unit purchase option was approximately $759,500 ($2.17 per Unit)                using a                Black-Scholes option-pricing model. The fair value of the unit purchase                option was estimated using the following assumptions: (1) expected                volatility of 48.79%, (2) risk-free interest rate of 4.79% and (3)                expected life of five years. The Company accounted for the fair value                of                the unit purchase option as an expense of the Offering resulting                in a                charge directly to stockholders’ equity. The unit purchase option may be                exercised for cash or on a “cashless” basis, at the holder’s option, such                that the holder may use the appreciated value of the unit purchase                option                (the difference between the exercise prices of the unit purchase                option                and the underlying Warrants and the market price of the Units and                underlying securities) to exercise the unit purchase option without                the                payment of any such cash. In addition, the warrants underlying such                Units                are exercisable at $5.00 per share. |
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|   |           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **4.** | **Commitment** | The                Company presently occupies office space provided by an affiliate                of an                Initial Stockholder. Such affiliate has agreed that, until the acquisition                of a target business by the Company, it will make such office space,                as                well as certain office and secretarial services, available to the                Company,                as may be required by the Company from time to time. The Company                agreed to                pay such affiliate $3,750 per month for such services commencing                on April                5, 2006, the effective date of the Offering. Amounts of $9,750                for the three-month period ended June 30, 2007 and $54,750                for the period from June 2, 2005 (inception) to June 30, 2007 are                included                in general and administrative expenses for such                services.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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**Jaguar        Acquisition Corporation**

**(a        corporation in the development stage)**

**Notes        to Unaudited Financial Statements**

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| **5.** | **Preferred                Stock**               | The                Company is authorized to issue 1,000,000 shares of preferred stock                with                such designations, voting and other rights and preferences as may                be                determined from time to time by the Board of Directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|--------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
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| **6.** | **Common                Stock**             | On                February                6, 2006, the Company's Board of Directors authorized a stock dividend                of                0.333333 shares of common stock for each outstanding share of common                stock. All references in the accompanying financial statements to                the                number of shares of common stock have been retroactively restated                to                reflect these transactions. At                June 30, 2007, 10,483,334 shares of common stock were reserved for                issuance upon exercise of redeemable warrants and the representative’s                unit purchase option.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| **7.** | **Notes                Payable****Stockholders** | In                June 2005, the Company issued an aggregate of $75,000 unsecured promissory                notes to its Initial Stockholders. The notes are non-interest-bearing                and                were paid following the consummation of the Offering from the net                proceeds                of the Offering.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
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| **8.** | **Insider                Units**                 | Simultaneously                with the consummation of the Offering on April 13, 2006, certain                of the                Initial Stockholders and their affiliates purchased an aggregate                of                116,667 Units (“Insider Units”) at $6.00 per unit (for an aggregate                purchase price of $700,002) privately from the Company. All of the                proceeds received from these purchases were placed in the Trust Account.                The Insider Units are identical to the Units offered in the Offering                except that the Warrants underlying such Units may be exercisable                on a                cashless basis so long as such Warrants are held by the Initial                Stockholders or their affiliates. Additionally, the purchasers have                waived                their right to receive distributions upon the Company’s liquidation prior                to a Business Combination with respect to the securities underlying                these                Insider Units. The purchasers have further agreed that the Insider                Units                and underlying securities will not be sold or transferred by them                until                after the Company has completed a Business                Combination. |

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**Jaguar        Acquisition Corporation**

**(a        corporation in the development stage)**

**Notes        to Unaudited Financial Statements**

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| **9.** | **Provision                for****Taxes** | Provision                for current taxes consists of: |
|--------|-------------------------------------------|---------------------------------------------------------|

|                                                                   |   |                          |   | State Franchise |   |    |   |
|------------------------------------------------------------------------|--------|-------------------------------|--------|----------------------|--------|---------|--------|
|                                                                   |   | Federal                       |   | and                  |   | Total   |   |
|                                                                   |   | Income                  Taxes |   | Income Taxes    |   | Current |   |
|                                                                   |   |                          |   |                 |   |    |   |
| Quarter                  ended June 30, 2007                           |   | $                             | -      |                 | $      | 20,000  |   | $ | 20,000 |   |
| Quarter                  ended June 30, 2006                           |   | $                             | 2,000  |                 | $      | 10,000  |   | $ | 12,000 |   |
| Period                  from June 2, 2005 (inception) to June 30, 2007 |   | $                             | 2,000  |                 | $      | 85,850  |   | $ | 87,850 |   |

|   |   | Due                to the majority of the Company’s interest being tax exempt, the Company                has an operating loss for Federal Income Tax purposes and the deferred                tax                asset resulting from such operating loss has been fully offset by                a                valuation allowance due to uncertainty of its realization. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**ITEM      2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION**

**Forward      Looking Statements**

**Plan      of Operations**

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**ITEM      3. CONTROLS AND PROCEDURES.**

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**PART      II. **

**OTHER      INFORMATION**

**ITEM      2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**ITEM      6: EXHIBITS**

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**SIGNATURES**

|                                |                                           |                                  |
|-------------------------------------|------------------------------------------------|---------------------------------------|
|                                | **JAGUAR              AQUISITION CORPORATION** |
|                           |                                      |                             |
| Dated:              August 14, 2007 | By:                                  | /s/ Jonathan              Kalman |
|                                | Jonathan              Kalman.                  |
|                                | Chief              Executive Officer           |

|         |                                 |                                                |
|--------------|--------------------------------------|-----------------------------------------------------|
|    |                            |                                           |
|         | By:                        | /s/ James              S.              Cassano |
|         | James              S. Cassano        |
|         | Chief              Financial Officer |

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