----

**MIPSOLUTIONS,      INC.**

| **Nevada**                                  |   | **4941**                                         |   | **20-4047619**                          |
|---------------------------------------------|--------|--------------------------------------------------|--------|-----------------------------------------|
|  State                of Incorporation |   |  Primary                Standard Industrial |   |  I.R.S.                Employer    |
|                                        |   |  Classification                Code Number  |   |  Identification                No. |

**128      East Fairview Avenue**

**Spokane,      Washington 99207**

**Telephone      (509) 484-6385**

**Corporate      Office Services**

**Corporate      Services Manager**

**1005      Terminal Way, STE 110**

**Reno,      NV 89502**

**Telephone:       (775) 324-7676**

| Large                accelerated filer o |                                                         | Accelerated                filer o              |
|------------------------------------------|--------------------------------------------------------------|-------------------------------------------------|
|                                     |                                                         |                                            |
| Non-accelerated                filer o   | (Do                not check if a smaller reporting company) | Smaller                reporting company x |

**APPLICABLE      ONLY TO CORPORATE ISSUERS**

| SEC                1296 (02-08) | **Potential                persons who are to respond to the collection of information contained                in                this form are not required to respond unless the form displays a                currently                valid OMB control number.** |
|---------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                              | PAGE   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|
| PART                I - FINANCIAL INFORMATION                                                                                     | 3      |
|                                                                                                                              |   |
| Item                1. Financial Statements - Unaudited                                                                           | 3      |
| Balance                Sheets                                                                                                     | 3      |
| Statements                of Operations                                                                                           | 4      |
| Statements                of Cash Flows                                                                                           | 5      |
| Notes                to Financial Statements                                                                                      | 6      |
|                                                                                                                              |   |
| Item                2. Management’s Discussion and Analysis of Financial Condition and Results                of Operations | 14     |
|                                                                                                                              |   |
| Item                3.  Quantitative and Qualitative Disclosures about Market Risk                                           | 15     |
|                                                                                                                              |   |
| Item                4. Controls and Procedures                                                                                    | 15     |
|                                                                                                                              |   |
| PART                II - OTHER INFORMATION                                                                                        | 16     |
|                                                                                                                              |   |
| Item                1. Legal Proceedings                                                                                          | 16     |
| Item                1A. Risk Factors                                                                                              |   |
|                                                                                                                              |   |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds                                 | 16     |
|                                                                                                                              |   |
| Item                3. Defaults Upon Senior Securities                                                                            | 16     |
|                                                                                                                              |   |
| Item                4. Submission of Matters to a Vote of Security Holders                                                        | 16     |
|                                                                                                                              |   |
| Item                5. Other Information                                                                                          | 16     |
|                                                                                                                              |   |
| Item                6. Exhibit and Reports on Form 8-K                                                                            | 16     |

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**MIP      SOLUTIONS, INC.**

**(A      Development Stage Company)**

**BALANCE      SHEETS**

----

|                                                                                                                                                                           |   | March                31, |       | December                31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|------------|-----------------------------|--------|
|                                                                                                                                                                           |   | 2008                     |       | 2007                        |   |
|                                                                                                                                                                           |   | (unaudited)              |       |                   |   |
| **ASSETS**                                                                                                                                                                     |   |                     |       |                        |   |   |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **CURRENT                ASSETS**                                                                                                                                              |   |                     |       |                        |   |   |   |
| Cash                                                                                                                                                                           |   | $                        | 12,534     |                        | $      | 14,816 |   |
| Prepaid                expenses                                                                                                                                                |   |                     | -          |                        |   | 2,795 |   |
| Total                Current Assets                                                                                                                                            |   |                     | 12,534     |                        |   | 17,611 |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **PROPERTY                AND EQUIPMENT, NET OF DEPRECIATION**                                                                                                                 |   |                     | 10,631     |                        |   | 11,321 |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **OTHER                ASSETS**                                                                                                                                                |   |                     |       |                        |   |   |   |
| License                                                                                                                                                                        |   |                     | 45,550     |                        |   | 45,550 |   |
| Patent                                                                                                                                                                         |   |                     | 16,905     |                        |   | 16,905 |   |
| Accumulated                amortization                                                                                                                                        |   |                     | (2,660     | )                           |   | (2,237 | ) |
| Total                Other Assets                                                                                                                                              |   |                     | 59,795     |                        |   | 60,218 |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **TOTAL                ASSETS**                                                                                                                                                |   | $                        | 82,960     |                        | $      | 89,150 |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' EQUITY**                                                                                                                        |   |                     |       |                        |   |   |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **CURRENT                LIABILITIES**                                                                                                                                         |   |                     |       |                        |   |   |   |
| Accounts                payable                                                                                                                                                |   | $                        | 77,633     |                        | $      | 86,650 |   |
| Accrued                expense                                                                                                                                                 |   |                     | 47,000     |                        |   | - |   |
| Accrued                interest                                                                                                                                                |   |                     | 12,878     |                        |   | 10,162 |   |
| Accrued                payroll                                                                                                                                                 |   |                     | 129,100    |                        |   | 105,000 |   |
| Note                payable                                                                                                                                                    |   |                     | 102,826    |                        |   | 66,589 |   |
| Note                payable - related party                                                                                                                                    |   |                     | 16,905     |                        |   | 16,905 |   |
| Total                Current Liabilities                                                                                                                                       |   |                     | 386,342    |                        |   | 285,306 |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **COMMITMENTS                AND CONTINGENCIES**                                                                                                                               |   |                     | -          |                        |   | - |   |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **STOCKHOLDERS'                EQUITY**                                                                                                                                        |   |                     |       |                        |   |   |   |
| Common                stock, $0.001 par value; 50,000,000 shares authorized, 6,617,800                and                5,887,800 shares issued and outstanding, respectively |   |                     | 6,618      |                        |   | 5,888 |   |
| Additional                paid-in capital                                                                                                                                      |   |                     | 1,187,410  |                        |   | 753,640 |   |
| Subscription                receivable                                                                                                                                         |   |                     | -          |                        |   | - |   |
| Deficit                accumulated during the development stage                                                                                                                |   |                     | (1,497,410 | )                           |   | (955,684 | ) |
| Total                Stockholders' Deficit                                                                                                                                     |   |                     | (303,382   | )                           |   | (196,156 | ) |
|                                                                                                                                                                           |   |                     |       |                        |   |   |   |
| **TOTAL                LIABILITIES AND STOCKHOLDERS' EQUITY**                                                                                                                  |   | $                        | 82,960     |                        | $      | 89,150 |   |

----

**MIP      SOLUTIONS, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF OPERATIONS **

----

|                                                                                                                                             |   | Period Ended                March 31                2008 |      | Period EndedMarch 31 2007 |   | From December 19, 2005 (Inception) toMarch 31, 2008 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|-----------|------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                                                                                                                                             |   | (unaudited)                                                        |      |  (unaudited)                        |   | (unaudited)                                                                            |   |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                   |   |
| **REVENUES**                                                                                                                                     |   | $                                                                  | -         |                                     | $      | -                                                                                      |   | $ | - |   |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                        |   |   |  |   |
| **OPERATING                EXPENSES**                                                                                                            |   |                                                               |      |                                     |   |                                                                                   |   |   |   |   |
| Consulting                                                                                                                                       |   |                                                               | 429,660   |                                     |   | 13,676                                                                                 |   |   | 630,005 |   |
| Depreciation                and amortization                                                                                                     |   |                                                               | 1,113     |                                     |   | 412                                                                                    |   |   | 5,897 |   |
| General                and administrative                                                                                                        |   |                                                               | 23,200    |                                     |   | 5,630                                                                                  |   |   | 90,967 |   |
| Professional                fees                                                                                                                 |   |                                                               | 27,474    |                                     |   | 21,486                                                                                 |   |   | 252,039 |   |
| Research                and development                                                                                                          |   |                                                               | 2,536     |                                     |   | 3,791                                                                                  |   |   | 157,447 |   |
| Officers                and directors fees                                                                                                       |   |                                                               | 45,000    |                                     |   | 120,000                                                                                |   |   | 300,000 |   |
| Option                fee                                                                                                                        |   |                                                               | 2,500     |                                     |   | 2,500                                                                                  |   |   | 5,000 |   |
| Travel                and meals                                                                                                                  |   |                                                               | 561       |                                     |   | 3,769                                                                                  |   |   | 27,337 |   |
| **TOTAL                OPERATING EXPENSES**                                                                                                      |   |                                                               | 532,044   |                                     |   | 171,264                                                                                |   |   | 1,468,692 |   |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                        |   |   |  |   |
| **LOSS                FROM OPERATIONS**                                                                                                          |   |                                                               | (532,044  | )                                        |   | (171,264                                                                               | )      |   | (1,468,692 | ) |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                        |   |   |  |   |
| **OTHER                INCOME (EXPENSE)**                                                                                                        |   |                                                               |      |                                     |   |                                                                                   |   |   |   |   |
| Interest                expense                                                                                                                  |   |                                                               | (9,682    | )                                        |   | (470                                                                                   | )      |   | (21,830 | ) |
| Loss                on disposition of assets                                                                                                     |   |                                                               | -         |                                     |   | -                                                                                      |   |   | (6,888 | ) |
| **TOTAL                OTHER INCOME**                                                                                                            |   |                                                               | (9,682    | )                                        |   | (470                                                                                   | )      |   | (28,718 | ) |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                   |   |   |   |   |
| **LOSS                BEFORE TAXES**                                                                                                             |   |                                                               | (541,726  | )                                        |   | (171,734                                                                               | )      |   | (1,497,410 | ) |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                        |   |   |  |   |
| **INCOME                TAX EXPENSE**                                                                                                            |   |                                                               | -         |                                     |   | -                                                                                      |   |   |   |   |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                        |   |   |  |   |
| **NET                LOSS**                                                                                                                      |   | $                                                                  | (541,726  | )                                        | $      | (171,734                                                                               | )      | $ | (1,497,410 | ) |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                   |   |   |   |   |
| **NET                LOSS PER COMMON SHARE,** **BASIC                AND DILUTED**                                                          |   | $                                                                  | (0.09     | )                                        | $      | (0.03                                                                                  | )      |   |   |   |
|                                                                                                                                             |   |                                                               |      |                                     |   |                                                                                   |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF** **COMMON                STOCK SHARES** **OUTSTANDING,                BASIC AND DILUTED** |   |                                                               | 6,281,133 |                                     |   | 5,776,467                                                                              |   |   |   |   |

----

**MIP      SOLUTIONS, INC.**

**(A      Development Stage Company)**

**STATEMENTS      OF CASH FLOWS **

----

|                                                                                                                 |   | Three Months Ended March 31 2008 |         | Three Months Ended March 31 2007 |    | From December 19, 2005 (Inception) to March 31, 2008 |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------|--------------|-----------------------------------------------------------|---------|----------------------------------------------------------------------------------------------|--------|
|                                                                                                                 |   | (unaudited)                                               |         | (unaudited)                                               |    | (unaudited)                                                                                  |   |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                         |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES:**                                                             |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Net                loss                                                                                              |   | $                                                         | (541,726     | )                                                         | $       | (171,734                                                                                     | )      | $ | (1,497,410 | ) |
| Adjustments                to reconcile net loss to net cash provided (used) by operating                activities: |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Depreciation                and amortization                                                                         |   |                                                      | 1,113        |                                                      |    | 412                                                                                          |   |   | 5,897 |   |
| Loss                on disposition of assets                                                                         |   |                                                      | -            |                                                      |    | -                                                                                            |   |   | 6,888 |   |
| Stock                issued for services                                                                             |   |                                                      | 407,000      |                                                      |    | 75,000                                                                                       |   |   | 582,000 |   |
| Stock                issued for payables                                                                             |   |                                                      |         |                                                      |    | 2,500                                                                                        |   |   | 2,500 |   |
| Decrease                (increase) in:                                                                               |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Refund                receivable                                                                                     |   |                                                      |         |                                                      |    | -                                                                                            |   |   | - |   |
| Receivable                from officer                                                                               |   |                                                      |         |                                                      |    | (27,000                                                                                      | )      |   | - |   |
| Prepaid                expenses                                                                                      |   |                                                      | 2,795        |                                                      |    | 5,000                                                                                        |   |   | - |   |
| Increase                (decrease) in:                                                                               |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Accounts                payable                                                                                      |   |                                                      | 25,983       |                                                      |    | (429                                                                                         | )      |   | 77,632 |   |
| Accrued                expense                                                                                       |   |                                                      | 12,000       |                                                      |    | -                                                                                            |   |   | 47,000 |   |
| Accrued                interest                                                                                      |   |                                                      | 3,187        |                                                      |    | 341                                                                                          |   |   | 12,878 |   |
| Accrued                payroll                                                                                       |   |                                                      | 24,100       |                                                      |    |                                                                                         |   |   | 129,100 |   |
| Related                party payable                                                                                 |   |                                                      | -            |                                                      |    | 5,500                                                                                        |   |   | 16,905 |   |
| Net                cash provided (used) by operating activities                                                      |   |                                                      | (65,548      | )                                                         |    | (110,410                                                                                     | )      |   | (616,610 | ) |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                              |   |   |   |   |
| **CASH                FLOWS FROM INVESTING ACTIVITIES:**                                                             |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Purchase                of equipment                                                                                 |   |                                                      |         |                                                      |    | (4,879                                                                                       | )      |   | (20,755 | ) |
| Purchase                of license                                                                                   |   |                                                      | -            |                                                      |    | -                                                                                            |   |   | (45,000 | ) |
| Purchase                of patents                                                                                   |   |                                                      |    |                                                      |    | (1,250                                                                                       | )      |   | (15,783 | ) |
| Net                cash used by financing activities                                                                 |   |                                                      | -            |                                                      |    | (6,129                                                                                       | )      |   | (81,538 | ) |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                              |   |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                             |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Common                stock and warrants for cash                                                                    |   |                                                      | 27,500       |                                                      |    | 122,650                                                                                      |   |   | 605,510 |   |
| Collection                of subscriptions receivable                                                                |   |                                                      | -            |                                                      |    | -                                                                                            |   |   | 2,346 |   |
| Proceeds                from note payable                                                                            |   |                                                      | 36,000       |                                                      |    | -                                                                                            |   |   | 112,560 |   |
| Repayment                of note payable                                                                             |   |                                                      | (234         | )                                                         |    | -                                                                                            |   |   | (9,734 | ) |
| Net                cash provided by financing activities                                                             |   |                                                      | 63,266       |                                                      |    | 122,650                                                                                      |   |   | 710,682 |   |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                              |   |   |   |   |
| Net                increase in cash and cash equivalents                                                             |   |                                                      | (2,282       | )                                                         |    | 6,111                                                                                        |   |   | 12,534 |   |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| **Cash,                beginning of period**                                                                         |   |                                                      | 14,816       |                                                      |    | 12,160                                                                                       |   |   | - |   |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                              |   |   |   |   |
| **Cash,                end of period**                                                                               |   | $                                                         | 12,534       |                                                      | $       | 18,271                                                                                       |   | $ | 12,534 |   |
|                                                                                                                 |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| **SUPPLEMENTAL                CASH FLOW INFORMATION:**                                                               |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Interest                paid                                                                                         |   | $                                                         | -            |                                                      | $       | -                                                                                            |   | $ | - |   |
| Income                taxes paid                                                                                     |   | $                                                         | -            |                                                      | $       | -                                                                                            |   | $ | - |   |
| **NON-CASH                TRANSACTIONS:**                                                                            |   |                                                      |         |                                                      |    |                                                                                         |   |   |   |   |
| Common                stock issued for license                                                                       |   | $                                                    |  -      |                                                      | $       |  -                                                                                      |   | $ | 550 |   |
| Common                stock issued for patent                                                                        |   | $                                                         | -            |                                                      | $  |                                                                                         |   | $ |  1,122 |   |

----

**MIP      SOLUTIONS, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**CONDENSED      NOTES TO THE FINANCIAL STATEMENTS**

**MARCH      31, 2008**

----

**NOTE      1 - BASIS OF PRESENTATION**

**NOTE      2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES**

----

**MIP        SOLUTIONS, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        NOTES TO THE FINANCIAL STATEMENTS**

**MARCH        31, 2008**

----

----

**MIP        SOLUTIONS, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        NOTES TO THE FINANCIAL STATEMENTS**

**MARCH        31, 2008 **

----

|                                                     |   | March 31,2008 |      | December 31,2007 |   |
|----------------------------------------------------------|--------|--------------------|-----------|-----------------------|--------|
| Net                operating loss carryforward** ** |   | $                  | 1,497,000 |                  | $      | 955,000 |   |
|                                                     |   |               |      |                  |   |   |   |
| Deferred                tax asset                        |   | $                  | 509,100   |                  | $      | 324,800 |   |
| Deferred                tax asset valuation allowance    |   |               | (509,100  | )                     |   | (324,800 | ) |
| Net                deferred tax asset                    |   | $                  | -         |                  | $      | - |   |

----

**MIP        SOLUTIONS, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        NOTES TO THE FINANCIAL STATEMENTS**

**MARCH        31, 2008 **

----

----

**MIP        SOLUTIONS, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        NOTES TO THE FINANCIAL STATEMENTS**

**MARCH        31, 2008 **

----

**NOTE      3 - PROPERTY AND EQUIPMENT**

|                                         |   | March 31,2008 |   | December 31,2007 |   |
|----------------------------------------------|--------|--------------------|--------|-----------------------|--------|
| Office                equipment              |   | $                  | 2,269  |                  | $      | 2,269 |   |
| Lab                Equipment                 |   |               | 11,598 |                  |   | 11,598 |   |
| Total                assets                  |   |               | 13,867 |                  |   | 13,867 |   |
| Less                accumulated depreciation |   |               | (3,236 | )                     |   | (2,546 | ) |
|                                         |   | $                  | 10,631 |                  | $      | 11,321 |   |

**NOTE      4 - COMMON STOCK AND WARRANTS**

----

**MIP        SOLUTIONS, INC.**

**(A        DEVELOPMENT STAGE COMPANY)**

**CONDENSED        NOTES TO THE FINANCIAL STATEMENTS**

**MARCH        31, 2008 **

----

**NOTE      5 - COMMITMENTS**

----

**MIP          SOLUTIONS, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

**CONDENSED          NOTES TO THE FINANCIAL STATEMENTS**

**MARCH          31, 2008 **

----

**NOTE        6 - NOTES PAYABLE**

**NOTE      7 - RELATED PARTY TRANSACTIONS**

----

**MIP          SOLUTIONS, INC.**

**(A          DEVELOPMENT STAGE COMPANY)**

**CONDENSED          NOTES TO THE FINANCIAL STATEMENTS**

**MARCH          31, 2008 **

----

**NOTE        8-SUBSEQUENT EVENTS**

----

**Item      2.   Management’s Discussion and Analysis of Financial Condition and      Results of Operations**

|   | § | dependence                on commercialization of our Molecularly Imprinted Polymer (MIP)                technology; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

|   | § | our                ability to continue as a “going                concern”; |
|--------|--------|-----------------------------------------------------------------------------------------|

|   | § | our                need and ability to raise sufficient additional                capital; |
|--------|--------|--------------------------------------------------------------------------------------------|

|   | § | ineffective                internal operational and financial control                systems; |
|--------|--------|-----------------------------------------------------------------------------------------------|

|   | § | our                ability to hire and retain specialized and key                personnel; |
|--------|--------|---------------------------------------------------------------------------------------------|

|   | § | dependence                on our ability to purchase Float Concentrate at a discount of its                gold                value in the marketplace; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | § | our                limited operating history and continued                losses; |
|--------|--------|-----------------------------------------------------------------------------------|

|   | § | restrictions                contained in our outstanding convertible                notes; |
|--------|--------|--------------------------------------------------------------------------------------------|

|   | § | rapid                technological change; |
|--------|--------|--------------------------------------------|

|   | § | uncertainty                of intellectual property                protection; |
|--------|--------|--------------------------------------------------------------------------------|

|   | § | potential                infringement on the intellectual property rights of                others; |
|--------|--------|-----------------------------------------------------------------------------------------------------|

|   | § | factors                affecting our common stock as a “penny                stock;” |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | § | extreme                price fluctuations in our common                stock; |
|--------|--------|-------------------------------------------------------------------------------|

|   | § | price                decreases due to future sales of our common                stock; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | § | general                economic and market conditions; |
|--------|--------|--------------------------------------------------------|

|   | § | future                shareholder dilution; and |
|--------|--------|-------------------------------------------------|

----

|   | § | absence                of dividends. |
|--------|--------|--------------------------------------|

**Executive      Overview**

**Item      3.  Quantitative and Qualitative Disclosures about Market Risk**

**Item      4. Controls and Procedures**

----

**Changes      In Internal Controls.**

**Item      1. Legal Proceedings**

**Item      1A.   Risk Factors**

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

**Item      3.    Defaults Upon Senior Securities**

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

**Item      5. Other Information**

**Item      6. Exhibits **

| Exhibit                Number |   |  Description                                                                                                                                                   |
|-------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |   |                                                                                                                                                                |
|  31.1                    |   | Section                302 Certification of Chief Executive Officer and Chief Financial                Officer                                                      |
|                          |   |                                                                                                                                                                |
|  32.1                    |   | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                The Sarbanes-Oxley Act of 2002 |

| Dated:                May 14, 2008 |  /s/                Jeff Lamberson           |   |  /s/                Edward Hunton                                 |
|------------------------------------|-----------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------|
|                               | Jeff                LambersonPrincipal                Executive Officer                             |   | Edward                HuntonPrincipal                Financial Officer |

----