| ý | Quarterly                report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |                                                                                                            |
|   | For                the quarterly period ended December                31, 2006                                  |
|   |                                                                                                            |
|  ̈ | Transition                report under Section 13 or 15(d) of the Exchange Act                                  |
|   |                                                                                                            |
|   | For                the transition period from _____________ to                _____________                     |

| 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                                                 | 8      |
|                                          |                                                                                                   |   |
|                                          | Item                2 - Management’s Discussion and Analysis or Plan of                Operation | 12     |
|                                          |                                                                                                   |   |
|                                          | Item                3 - Controls and Procedures                                                        | 13     |
|                                          |                                                                                                   |   |
| Part                II: Other Information     |                                                                                                   |
|                                          |                                                                                                   |   |
|                                          | Item                2 - Unregistered Sales of Equity Securities and Use of                Proceeds     | 14     |
|                                          |                                                                                                   |   |
|                                          | Item                6 - Exhibits                                                                       | 14     |
|                                          |                                                                                                   |   |
| Signatures                                    |                                                                                                   | 15     |

----

**Jaguar        Acquisition Corporation**

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

**Balance        Sheets**

----

|                                                                                                                                                                                                                                              |   | December                31, 2006 |       | March                31, 2006 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|------------|-------------------------------|--------|
|                                                                                                                                                                                                                                              |   | (unaudited)                      |       |                          |   |
|                                                                                                                                                                                                                                              |   |                             |       |                          |   |
| **Assets**                                                                                                                                                                                                                                        |   |                             |       |                          |   |
| Current                assets:                                                                                                                                                                                                                    |   |                             |       |                          |   |
|     Cash                and cash equivalents                                                                                                                                                                                  |   | $                                | 285,344    |                          | $      | 470 |   |
|                     Cash                and cash equivalents held in Trust Fund (Note 2)                                                                                                                                      |   |                             | 25,691,143 |                          |   | — |   |
|                     Accrued                interest receivable in Trust Fund (Note 2)                                                                                                                                         |   |                             | 76,773     |                          |   | — |   |
|                     Prepaid                expense                                                                                                                                                                            |   |                             | 68,657     |                          |   | — |   |
| Total                current assets                                                                                                                                                                                                               |   |                             | 26,121,917 |                          |   | 470 |   |
|                     Deferred                offering costs (Note 2)                                                                                                                                                           |   |                             | —    |                          |   | 110,330 |   |
|                     Deferred                acquisition costs                                                                                                                                                                 |   |                             | 44,850     |                          |   | — |   |
| Total                assets                                                                                                                                                                                                                       |   | $                                | 26,166,767 |                          | $      | 110,800 |   |
|                                                                                                                                                                                                                                              |   |                             |       |                          |   |   |   |
| **Liabilities                and Stockholders’ Equity**                                                                                                                                                                                     |   |                             |       |                          |   |   |   |
| Current                liabilities:                                                                                                                                                                                                               |   |                             |       |                          |   |   |   |
|     Accounts                payable                                                                                                                                                                                           |   |                             | 12,730     |                          |   | — |   |
|     Accrued                offering costs                                                                                                                                                                                     |   |                             | 5,973      |                          |   | 12,000 |   |
|     Income                taxes payable (Note 9)                                                                                                                                                                              |   |                             | 33,000     |                          |   | — |   |
|     Note                payable, stockholders (Note 7)                                                                                                                                                                        |   |                             | —    |                          |   | 75,000 |   |
|       Total                current liabilities                                                                                                                                                                      |   |                             | 51,703     |                          |   | 87,000 |   |
|                                                                                                                                                                                                                                              |   |                             |       |                          |   |   |   |
| Common                Stock, subject to possible conversion, 919,540                shares at conversion value (Note 2)                                                                                                                      |   |                             | 5,145,407  |                          |   | — |   |
|                                                                                                                                                                                                                                              |   |                             |       |                          |   |   |   |
| 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 Issued                and outstanding 5,716,667 shares (which includes 919,540 subject                to                possible conversion) and 1,000,000, respectively |   |                             | 572        |                          |   | 100 |   |
|     Additional                paid-in capital                                                                                                                                                                                 |   |                             | 20,504,545 |                          |   | 24,900 |   |
|     Retained                earnings (deficit) accumulated during development                stage:                                                                                                                           |   |                             | 464,540    |                          |   | (1,200 | ) |
|                                                                                                                                                                                                                                              |   |                             |       |                          |   |   |   |
| Total                stockholders’ equity                                                                                                                                                                                                   |   |                             | 20,969,657 |                          |   | 23,800 |   |
|                                                                                                                                                                                                                                              |   |                             |       |                          |   |   |   |
| Total                liabilities and stockholders’ equity                                                                                                                                                                                   |   | $                                | 26,166,767 |                          | $      | 110,800 |   |

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

----

**Jaguar      Acquisition Corporation**

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

**Statements      of Operations**

**(unaudited)**

----

|                                                                                                         |   |                         |      |                         |   |                          |   | Period                  from    |                          | Period                  from    |   |
|--------------------------------------------------------------------------------------------------------------|--------|------------------------------|-----------|------------------------------|--------|-------------------------------|--------|---------------------------------|-------------------------------|---------------------------------|--------|
|                                                                                                         |   | Three months            |      | Nine Months             |   | Three                  months |   | June                  2, 2005   |                          | June                  2, 2005   |   |
|                                                                                                         |   | ended                        |      | ended                        |   | ended                         |   | (inception)                  to |                          | (inception)                  to |   |
|                                                                                                         |   | December                  31 |      | December                  31 |   | December                  31  |   | December                  31    |                          | December                  31    |   |
|                                                                                                         |   | 2006                         |      | 2006                         |   | 2005                          |   | 2005                            |                          | 2006                            |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |
| Income:                                                                                                      |   |                         |      |                         |   |                          |   |                            |                          |                            |   |
| Interest                  income                                                                             |   | $                            | 232,693   |                         | $      | 672,199                       |   | $                               | —                       |                            | $      | — |   | $ | 672,199 |   |
| Loss                  on disposition of T-Bills                                                              |   |                         | (2,285    | )                            |   | (2,285                        | )      |                            | —                       |                            |   | — |   |   | (2,285 | ) |
| Total                  Income                                                                                |   | $                            | 230,408   |                         | $      | 669,914                       |   | $                               | —                       |                            | $      | — |   | $ | 669,914 |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Expenses:                                                                                                    |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| General                  and administrative                                                                  |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| and                  formation expenses (Note 4)                                                             |   |                         | 47,649    |                         |   | 171,174                       |   |                                 | —                       |                            |   | 1,200 |   |   | 172,374 |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Income                  (loss) before income taxes                                                           |   | $                            | 182,759   |                         | $      | 498,740                       |   | $                               | —                       |                            | $      | (1,200 | ) | $ | 497,540 |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Provision                  for income taxes (Note 9)                                                         |   |                         | 10,000    |                         |   | 33,000                        |   |                            | —                       |                            |        | — |   |  | 33,000 |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Net                  income (loss) for period                                                                |   | $                            | 172,759   |                         | $      | 465,740                       |   | $                               | —                       |                            | $      | (1,200 | ) | $ | 464,540 |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Accretion                  of Trust Account relating to                                                      |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| common                  stock subject to possible conversion                                                 |   |                         | (46,058   | )                            |   | (133,915                      | )      |                            | —                       |                            |   | — |   |   | (133,915 | ) |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Net                  income (loss) attributable to other common                    stockholders              |   | $                            | 126,701   |                         | $      | 331,825                       |   | $                               | —                       |                            | $      | (1,200 | ) | $ | 330,625 |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Weighted                  average shares outstanding,subject                    to possible conversion       |   |                         | 919,540   |                         |   | 873,890                       |   |                            |                  — |                            |   |                  — |   |   |   |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Net                  income per share - basic and diluted, subject                    to possible conversion |   | $                            | 0.05      |                         | $      | 0.15                          |   |                            |                  — |                            |   |                  — |   |   |   |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Weighted                  average common shares outstanding                                                  |   |                         | 4,797,127 |                         |   | 4,608,898                     |   |                            | 1,000,000                     |                            |   | 1,000,000 |   |   |   |   |
|                                                                                                         |   |                         |      |                         |   |                          |   |                            |                          |                            |   |   |   |   |   |   |
| Net                  income per share - basic and diluted                                                    |   | $                            | 0.03      |                         | $      | 0.07                          |   |                            |  —                 |                            |   |  — |   |   |   |   |

----

**Jaguar        Acquisition Corporation**

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

**Statements        of Stockholders’ Equity**

----

* *

|                                                                                                                                                                                                                 |   | Common                      Stock |      | AdditionalPaid-In |   | RetainedEarnings/(deficit)accumulatedduring                          the development |   | TotalStockholders’ |       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|-----------|-------------------|--------|--------------------------------------------------------------------------------------|--------|--------------------------|------------|
|                                                                                                                                                                                                                 |   | Shares                            |      | Amount            |   | Capital                                                                              |   | stage                    |       | 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                      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 underwriters’ discount                                  |   |                              | 600,000   |              |   | 60                                                                                   |   |                     | 3,311,940  |   |   | — |   |   | 3,312,000 |   |
|                                                                                                                                                                                                                 |   |                              |      |              |   |                                                                                 |   |                     |       |   |   |   |   |   |   |   |
| Proceeds                      subject to possible conversion of 119,940 shares                                                                                                                                       |   |                              | —   |              |   | —                                                                              |   |                     | (653,672   | ) |   | — |   |   | (653,672 | ) |
|                                                                                                                                                                                                                 |   |                              |      |              |   |                                                                                 |   |                     |       |   |   |   |   |   |   |   |
| Accretion                      of trust fund relating to common stock                      subject to possible conversion                                                                                            |   |                              | —   |              |   | —                                                                              |   |                     | (133,915   | ) |   | — |   |   | (133,915 | ) |
|                                                                                                                                                                                                                 |   |                              |      |              |   |                                                                                 |   |                     |       |   |   |   |   |   |   |   |
| Additional                      offering expenses                                                                                                                                                                    |   |                              | —   |              |   | —                                                                              |   |                     | (13,441    | ) |   | — |   |   | (13,441 | ) |
|                                                                                                                                                                                                                 |   |                              |      |              |   |                                                                                 |   |                     |       |   |   |   |   |   |   |   |
| Net                      income for the period ending December 31, 2006 (unaudited)                                                                                                                                  |   |                              | —   |              |   | —                                                                              |   |                     | —    |   |   | 465,740 |   |   | 465,740 |   |
| Balance,                      December 31, 2006 (unaudited)                                                                                                                                                          |   |                              | 5,716,667 |              | $      | 572                                                                                  |   | $                        | 20,504,545 |   | $ | 464,540 |   | $ | 20,969,657 |   |

*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**

**(Unaudited)**

----

|                                                                                                              |   |                          |        | Period                  from    |   | Period                  from    |   |
|-------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-------------|---------------------------------|--------|---------------------------------|--------|
|                                                                                                              |   | Nine                  months  |        | June                  2, 2005   |   | June                  2, 2005   |   |
|                                                                                                              |   | ended                         |        | (inception)                  to |   | (inception)                  to |   |
|                                                                                                              |   | Dec                  31, 2006 |        | Dec                  31,2005    |   | Dec                  31,2006    |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |
| Cash                  Flows from operating activities                                                             |   |                          |        |                            |   |                            |   |
| Net                  Income (loss) for the period                                                                 |   | $                             | 465,740     |                            | $      | (1,200                          | )      | $ | 464,540 |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Adjustments                  to reconcile net income                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Increase                  in prepaid expenses                                                                     |   |                          | (69,157     | )                               |   | —                         |   |   | (69,157 | ) |
| Increase                  in accrued expenses                                                                     |   |                          | 5,974       |                            |   | —                         |   |   | 5,974 |   |
| Increase                  in accounts payable                                                                     |   |                          | 730         |                            |   | —                         |   |   | 12,730 |   |
| Increase                  in income tax payable                                                                   |   |                          | 33,000      |                            |   | —                         |   |   | 33,000 |   |
| Increase                  in interest receivable                                                                  |   |                          | (76,773     | )                               |   | —                         |   |   | (76,773 | ) |
| Net                  cash provided by (used in) operating activities                                              |   | $                             | 359,514     |                            | $      | (1,200                          | )      | $ | 370,314 |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Cash                  Flows from Investing activities                                                             |   |                          |        |                            |   |                            |   |   |   |   |
| Cash                  and cash equivalents held in trust account                                                  |   | $                             | (25,691,143 | )                               | $      | —                         |   | $ | (25,691,143 | ) |
| Deferred                  acquisition costs                                                                       |   |                          | (44,850     | )                               |   | —                         |   |   | (44,850 | ) |
| Net                  cash used in investing activities                                                            |   | $                             | (25,735,993 | )                               | $      | —                         |   | $ | (25,735,993 | ) |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Cash                  Flow from Financing activities                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Proceeds                  from initial public offering, net                                                       |   | $                             | 25,736,353  |                            | $      | —                         |   |   | 25,626,023 |   |
| Proceeds                  from notes payable, stockholders                                                        |   |                          | —     |                            |   | 75,000                          |   |   | 75,000 |   |
| Repayment                  of notes payable, stockholders                                                         |   |                          | (75,000     | )                               |   | —                         |   |   | (75,000 | ) |
| Proceeds                  of issuance of shares of common stock to initial stockholders                           |   |                          | —     |                            |   | 25,000                          |   |   | 25,000 |   |
| Payment                  of deferred offering costs                                                               |   |                          | —     |                            |   | (87,848                         | )      |   | — |   |
| Net                  cash provided by financing activities                                                        |   | $                             | 25,661,353  |                            | $      | 12,152                          |   | $ | 25,651,023 |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Net                  increase in cash and cash equivalents                                                        |   | $                             | 284,874     |                            | $      | 10,952                          |   | $ | 285,344 |   |
| Cash                  and cash equivalents at beginning of period                                                 |   |                          | 470         |                            |   | —                         |   |   | — |   |
| Cash                  and cash equivalents at end of period                                                       |   | $                             | 285,344     |                            | $      | 10,952                          |   | $ | 285,344 |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Supplemental                  disclosure of non-cash financing activities                                         |   |                          |        |                            |   |                            |   |   |   |   |
| Accrued                  offering costs                                                                           |   | $                             | 5,973       |                            | $      | —                         |   | $ | 5,973 |   |
| Accretion                  of trust fund relating to common stock subject to possible                  conversion |   | $                             | 133,915     |                            | $      | —                         |   | $ | 133,915 |   |
|                                                                                                              |   |                          |        |                            |   |                            |   |   |   |   |
| Fair                  value of underwriter purchase option                                                        |   | $                             | 759,500     |                            | $      | —                         |   | $ | 759,500 |   |

----

**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 (1) common stockholders and (2) common stock subject                  to                  possible conversion by the weighted average number of common shares                  outstanding during the period. No effect has been given to potential                  issuances of common stock from warrants or the underwriter option                  in the                  diluted computation, as the effect would be                  anti-dilutive. |
|   |                                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | **Deferred                  Offering Costs**              |   | Deferred                  offering costs consist 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 will be expensed                  in                  the event the acquisition does not take place.                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | **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** |   | The                  Company does not believe that any recently issued, but not yet                  effective,                  accounting standards will have a material effect on the 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                  8-K for the period ended April 13, 2006. In                  the Company’s opinion, 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 has selected March 31 as its                  fiscal year end. The Company’s initial stockholders purchased                  1,000,000 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                  $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 of December                  31,                  2006 an amount of $25,767,916 (which includes accrued interest                  of $76,773)                  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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |   | 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, $5,145,407                (which includes $133,915 accretion of Trust Fund) has been classified                as                common stock subject to possible conversion at December 31,                2006. 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                EarlyBirdCapital, Inc., the representative of the underwriters in                the                Offering (“Representative”), 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 to purchase 350,000 Units at an exercise price of                $9.10 per                Unit. At 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 5 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 cash. In addition, the Warrants underlying such Units                are                exercisable at $5.00 per share. |
|--------|----------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| **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                has                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                $11,250                for the three-month period ended December 31, 2006,                $33,750 for the nine months ended December 31, 2006 and $33,750                for the period from June 2, 2005 (inception) to December 31, 2006                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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                             |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **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                December 31, 2006, 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 o the Offering from the net                proceeds                of the Offering.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                             |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **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. |
|   |                                             |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| **9.** | **Provision                for Income****Taxes** |   | Provision                for current income taxes consists                of:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

|                                                                       |   |    |        |        |   | Total        |   |
|----------------------------------------------------------------------------|--------|---------|-------------|-------------|--------|--------------|--------|
|                                                                       |   | Federal |        | State  |   | Current      |   |
|                                                                       |   |    |        |        |   |         |   |
| Three months                  ended December 31, 2006                 |   |    |  -     |        | $      | 10,000       |   | $ | 10,000 |   |
| Nine                  months ended December 31, 2006                  |   |    |  2,000 |        |   |  31,000 |   |   |  33,000 |   |
| Period                  from June 2, 2005 (inception) to December 31, 2006 |   | $       | 2,000       |        | $      | 31,000       |   | $ | 33,000 |   |

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

**Overview**

**Forward      Looking Statements**

**Results      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**

|   | (a)    | Exhibits:                                                                 |
|--------|--------|---------------------------------------------------------------------------|
|   |   |                                                                      |
|   |   | 31.1                  - Section 302 Certification by CEO                  |
|   |   |                                                                      |
|   |   | 31.2                  - Section 302 Certification by CFO                  |
|   |   |                                                                      |
|   |   | 32.1                  - Section 906 Certification by CEO                  |
|   |   |                                                                      |
|   |   | 32.2                  - Section 906 Certification by                  CFO |

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**SIGNATURES**

|                                        |                                                                |                                  |
|---------------------------------------------|---------------------------------------------------------------------|---------------------------------------|
|                                        | **JAGUAR              AQUISITION CORPORATION**                      |
| Dated:              February 13, 2007  |                                                           |                             |
|                                        | By:                                                       | /s/ Jonathan              Kalman |
|                                        | Jonathan              Kalman.Chief                Executive Officer |

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

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