----

----

----

----

----

| [X] | Quarterly                  Report Under Section 13 or 15(d) of The Securities Exchange Act                  of 1934                  for the Quarterly Period Ended March 31,                  2008 |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| [                   ] | Transition                  Report Under Section 13 or 15(d) of The Securities Exchange Act                  of 1934                  for the Transition Period from _______ to                  _______ |
|----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| FLORIDA                                          | 65-0493217                                         |
|--------------------------------------------------|----------------------------------------------------|
| (State                  or other jurisdiction of | (IRS                  Employer Identification No.) |
| incorporation                  or organization)  |                                                    |

----

|  | Yes                  [x] |  |  | No                  [ ] |
|--|--------------------------|--|--|-------------------------|

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

----

|   TABLE                  OF                  CONTENTS                                                                                                  |                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------|
|                                                                                                                                                                  |                                        |
| PART                  I. FINANCIAL INFORMATION                                                                                                                   |                                        |
|                                                                                                                                                                  |                                        |
| ITEM                  1. FINANCIAL                  STATEMENTS                                                                                                   | 3                                      |
|                                                                                                                                                                  |                                        |
| ITEM                  2. MANAGEMENT'S                  DISCUSSION AND                  ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                  OPERATION | 10                                     |
|                                                                                                                                                                  |                                        |
| ITEM                  3. QUANITATIVE AND QUALITATIVE DISCLOSURES                  ABOUT MARKET RISK                                                              | 15                                     |
|                                                                                                                                                             |                                   |
| ITEM                  4. CONTROLS                  AND                  PROCEDURES                                                                               | 15                                     |
|                                                                                                                                                                  |                                        |
| PART                  II. OTHER INFORMATION                                                                                                                      |                                        |
|                                                                                                                                                                  |                                        |
| ITEM                  1. LEGAL                  PROCEEDINGS                                                                                                      |  15                               |
|                                                                                                                                                                  |                                        |
| ITEM                  1A. RISK FACTORS                                                                                                                           |       15 |
|                                                                                                                                                             |                                   |
| ITEM                  2. UNREGISTERED SALES OF EQUITY SECURITIES                  AND USE OF PROCEEDS                                                            | 15                                     |
|                                                                                                                                                             |                                   |
| ITEM                  3. DEFAULTS                  UPON SENIOR                  SECURITIES                                                                       | 15                                     |
|                                                                                                                                                             |                                   |
| ITEM                  4. SUBMISSION OF MATTERS TO A VOTE                  OF                  SECURITY HOLDERS                                                   | 15                                     |
|                                                                                                                                                             |                                        |
| ITEM                  5. OTHER                  INFORMATION                                                                                                      | 15                                     |
|                                                                                                                                                                  |                                        |
| ITEM                  6. EXHIBITS                  AND REPORTS ON FORM                  8-K                                                                      | 15                                     |
|                                                                                                                                                                  |                                        |
| SIGNATURES                                                                                                                                                       | 16                                     |
|                                                                                                                                                                  |                                        |
| INDEX                  TO                  EXHIBITS                                                                                                              | 17                                     |

----

Table            of Contents

TEMENTS

|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   | INFORMATION                    SYSTEMS ASSOCIATES,                    INC. |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|----------------------------------------------------------------------------|--------|--------|
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   | TABLE                    OF                    CONTENTS                    |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
| ACCOUNTANT'S                    REPORT...................................................................................................................... | 4                                                                                                                                                                                                                   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
| FINANCIAL                    STATEMENTS                                                                                                                      |                                                                                                                                                                                                                |   |   |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         | Balance                    Sheet...............................................................................................................................................                                     | 5      |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         | Statements                    of                    Operations................................................................................................................................                      | 6      |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         | Statements                    of  Stockholders'                    Equity................................................................................................................................ | 7      |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         | Statements                    of Cash                    Flows...............................................................................................................                                       | 8      |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |
|                                                                                                                                                         | Notes                    to the Financial                    Statements.......................................................................................................                                      | 9      |   |
|                                                                                                                                                         |                                                                                                                                                                                                                |   |   |   |                                                                       |   |   |   |

----

Table            of Contents

| To                    the Board of                    Directors                                                                                                                |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Information                    Systems Associates,                    Inc.                                                                                                     |   |   |   |   |
| 2120                    Danforth                    Circle                                                                                                                     |   |        |   |   |
| Palm                    City, Florida 34990                                                                                                                               |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
| I                    have compiled the accompanying                    balance sheet of Information Systems Associates, Inc. as                    of                          |
| March                    31, 2008, and the related                    statements of operations, stockholders' equity, and cash flows                    for                    |
| the                    three months ended March 31,                    2008 and 2007, in accordance with Statements on Standards                    for                        |
| Accounting                    and Review Services                    issued by the American Institute of Certified Public                    Accountants.                      |
|                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |
| A                    compilation is limited to                    presenting in the form of financial statements information that                    is                    the |
| representation                    of management. I                    have not audited or reviewed the accompanying financial                    statements                    |
| and,                    accordingly, do not express                    an opinion or any other form of assurance on them.                                                      |   |
|                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |
| /s/William                    L. DeBay, C.P.A.                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| William                    L. DeBay,                    C.P.A.                                                                                                                 |   |   |   |   |
| May                    12,                    2008                                                                                                                             |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |

----

Table            of Contents

|  INFORMATION                    SYSTEMS ASSOCIATES,                    INC.BALANCE                      SHEETMARCH                      31,                      2008Unaudited |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                |   |   |   |
|                                                                                                                                                                                |   |   |   |
|                                                                                                                                                                                |   |   |   |
| ASSETS                                                                                                                                                                              |   |   |   |
|                                                                                                                                                                                |   |   |   |
| CURRENT                    ASSETS                                                                                                                                                   |   |   |   |
| Cash                    and cash                    equivalent                                                                                                                      |   | $ | 6,369 |   |
| Accounts                    receivable                                                                                                                                              |   |   | 183,705 |   |
| Income                    tax claims                    receivable                                                                                                                  |   |   | 637 |   |
| Deferred                    income tax                    credit                                                                                                                    |   |   | 36,129 |   |
| Total                    current                    assets                                                                                                                          |   |   | 226,840 |   |
|                                                                                                                                                                                |   |   |   |   |
| PROPERTY                    AND EQUIPMENT                    (net)                                                                                                                  |   |   | 111,773 |   |
|                                                                                                                                                                                |   |   |   |   |
|                                                                                                                                                                                |   | $ | 338,613 |   |
|                                                                                                                                                                                |   |   |   |   |
| LIABILITIES                    AND STOCKHOLDERS'                    EQUITY                                                                                                          |   |   |   |   |
|                                                                                                                                                                                |   |   |   |   |
| CURRENT                    LIABILITIES                                                                                                                                              |   |   |   |   |
| Note                    payable - line of                    credit                                                                                                                 |   | $ | 35,835 |   |
| Accounts                    payable                                                                                                                                                 |   |   | 87,766 |   |
| Accrued                    payroll                    taxes                                                                                                                         |   |   | 4,459 |   |
| Other                    liabilities                                                                                                                                                |   |   | 600 |   |
| Total                    current                    liabilities                                                                                                                     |   |   | 128,660 |   |
|                                                                                                                                                                                |   |   |   |   |
| STOCKHOLDERS'                    EQUITY                                                                                                                                             |   |   |   |   |
| Common                    stock - $.001 par value,                    50,000,000 shares                                                                                             |   |   |   |   |
| authorized,                    11,403,834 shares                    issued and outstanding                                                                                          |   |   | 11,404 |   |
| Additional                    paid in                    capital                                                                                                                    |   |   | 366,097 |   |
| Retained                    earnings                    (deficit)                                                                                                                   |   |   | (167,548 | ) |
| Total                    stockholders'                    equity                                                                                                                    |   |   | 209,953 |   |
|                                                                                                                                                                                |   |   |   |   |
|                                                                                                                                                                                |   | $ | 338,613 |   |
|                                                                                                                                                                                |   |   |   |   |
|                                                                                                                                                                                |   |   |   |   |
|                                                                                                                                                                                |   |   |   |   |
|                                                                                                                                                                                |   |   |   |   |
|                                                                                                                                                                                |   |   |   |   |
|  SEE                  ACCOMPANYING NOTES AND                  ACCOUNTANT'S REPORT.                                                                                             |

----

Table            of Contents

| INFORMATION                    SYSTEMS ASSOCIATES,                    INC.                               |
|----------------------------------------------------------------------------------------------------------|
| STATEMENTS                    OF                    OPERATIONS                                           |
| FOR                    THE THREE MONTHS ENDED MARCH                    31, 2008 AND 2007                 |
|                                                                                                     |
| Unaudited                                                                                                |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   | 2008 | 2007 |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| EARNED                    REVENUES                                                                       |   |   | $ | 256,265 | $56,218 |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| OPERATING                    EXPENSES                                                                    |   |   |   |   |   |
|                                                                                                     | Administrative                    and general |   |   | 92,442 | 26,297 |
|                                                                                                     | Payroll                    and payroll tax |   |   |   | 35,623 | 14,341 |
|                                                                                                     | Professional |   |   |   |   | 121,202 | 35,005 |
|                                                                                                     |   | Total                    operating expenses |   |   | 249,267 | 75,643 |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| OPERATING                    INCOME (LOSS)                                                               |   |   | 6,998 | (19,425) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| OTHER                    INCOME (EXPENSE)                                                                |   |   |   |   |
|                                                                                                     | Consulting                    - financing |   |   |   | (1,798) | (9,876) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| INCOME                    (LOSS)  FROM                    CONTINUING OPERATIONS                |   |   |   |   |
|                                                                                                     | BEFORE                    INCOME TAX (CREDIT) |   |   | 5,200 | (29,301) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| PROVISION                    FOR INCOME                    TAX  (CREDIT)                       |   |   | 1,025 | (5,645) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| NET                    INCOME                    (LOSS)  FROM  CONTINUING OPERATIONS |   |   | 4,175 | (23,656) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| DISCONTINUED                    OPERATIONS                                                               |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     | INCOME                    (LOSS) FROM OPERATIONS OF                    DISCONTINUED |   |   |   |   |
|                                                                                                     |   | BUSINESS                    BEFORE INCOME TAX                    (CREDIT) |   |   | 0 | (9,631) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     | PROVISION                    FOR INCOME TAX                    (CREDIT) |   |   | 0 | (1,855) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     | NET                    INCOME (LOSS) FROM                    DISCONTINUED OPERATIONS |   |   | 0 | (7,776) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| NET                    INCOME (LOSS)                                                                     |   |   | $ | 4,175 | ($31,432) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| BASICALLY                    AND FULLY                    DILUTED  INCOME (LOSS) PER SHARE     |   |   |   |   |
|                                                                                                     | CONTINUING                    OPERATIONS |   | $ | 0 | ($0) |
|                                                                                                     | DISCONTINUED                    OPERATIONS |   | $ | 0 | ($0) |
|                                                                                                     | TOTAL                    OPERATIONS |   | $ | 0 | ($0) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| WEIGHTED                    AVERAGE SHARES                    OUTSTANDING                                |   |   | 11,403,834 | 11,403,834 |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |
|  SEE                  ACCOMPANYING NOTES AND                  ACCOUNTANT'S REPORT.                  |

----

Table            of Contents

|  INFORMATION                    SYSTEMS ASSOCIATES,                    INC.               |
|------------------------------------------------------------------------------------------------|
|  STATEMENTS                    OF CASH                    FLOWS                           |
|  FOR                    THE THREE MONTHS ENDED MARCH                    31, 2008 AND 2007 |
|                                                                                           |   |
|  Unaudited                                                                                |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   |   |   | 2008 | 2007 |
| CASH                    FLOWS FROM OPERATING                    ACTIVITIES                     |   |   |   |
| Net                    income (loss)                                                           | $ | 4,175 | ($31,432) |
| Adjustments                    to reconcile net                    income (loss) to cash       |   |   |   |
| provided                    (used) by operating                    activities                  |   |   |   |
|                                                                                           | Depreciation                    and                    amortization |   | 11,992 | 481 |
|                                                                                           | Cumulative                    change in deferred                    income tax |   | 1,025 | (7,500) |
|                                                                                           | (Increase)                    decrease in accounts                    receivable |   | (69,530) | 13,272 |
|                                                                                           | (Increase)                    decrease in prepaid                    payroll taxes |   | 0 | (276) |
|                                                                                           | (Increase)                    decrease in prepaid                    consulting |   | 1,798 | 9,876 |
|                                                                                           | Increase                    (decrease) in accounts                    payable |   | (300) | 15,898 |
|                                                                                           | Increase                    (decrease) in accrued                    payroll |   | 0 | (6,041) |
|                                                                                           | Increase                    (decrease) in accrued                    payroll taxes |   | 1,983 | 0 |
|                                                                                           | Increase                    (decrease) in other                    liabilities |   | (500) | 0 |
|                                                                                           |   | Net                    cash provided (used) by                    operating activities |   | (49,357) | (5,722) |
|                                                                                           |   |   |   |   |   |
| CASH                    FLOWS FROM INVESTING                    ACTIVITIES                     |   |   |   |
| Computer                    software development                    costs                      |   | 0 | (30,174) |
| Software                    license agreement -                    payments received           |   | 27,083 | 0 |
| Software                    license agreement -                    marketing costs             |   | (9,020) | 0 |
| Purchase                    of property and                    equipment                       |   | (2,468) | 0 |
|                                                                                           |   | Net                    cash provided (used) by                    investing activities |   | 15,595 | (30,174) |
|                                                                                           |   |   |   |   |   |
| CASH                    FLOWS FROM FINANCING                    ACTIVITIES                     |   |   |   |
| Proceeds                    from note payable - line                    of credit              |   | 28,805 | 0 |
| Payments                    made on note payable -                    line of credit           |   | (2,000) | 0 |
|                                                                                           |   | Net                    cash provided (used) by                    financing activities |   | 26,805 | 0 |
|                                                                                           |   |   |   |   |   |
| NET                    INCREASE (DECREASE) IN                    CASH                          |   | (6,957) | (35,896) |
| CASH,                    BEGINNING OF PERIOD                                                   |   | 13,326 | 178,775 |
| CASH,                    END OF PERIOD                                                         | $ | 6,369 | $142,879 |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |
| SEE                    ACCOMPANYING NOTES AND                    ACCOUNTANT'S REPORT.          |

----

Table            of Contents

| INFORMATION                    SYSTEMS ASSOCIATES,                    INC.               |
|------------------------------------------------------------------------------------------|
| STATEMENTS                    OF STOCKHOLDERS'                    EQUITY                 |
| FOR                    THE THREE MONTHS ENDED MARCH                    31, 2008 AND 2007 |
|                                                                                     |
| Unaudited                                                                                |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   | Retained |   |
|                                                                                     |   | Common                    Stock |   |   | Preferred                    Stock |   |   | Paid-in |   |   | Earnings |   |
|                                                                                     |   | Shares |   |   | Amount |   |   | Shares |   |   | Amount |   |   | Capital |   |   | (Deficit) |   |
| THREE                    MONTHS ENDED MARCH 31,                    2008                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                    December 31, 2007                                            |   |   | 11,403,834 |   |   | $ | 11,404 |   |   |   | 0 |   |   | $ | 0 |   |   | $ | 366,097 |   |   | $ | (171,723 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    income (loss )                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 4,175 |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                    March 31, 2008                                               |   |   | 11,403,834 |   |   | $ | 11,404 |   |   |   | 0 |   |   | $ | 0 |   |   | $ | 366,097 |   |   | $ | (167,548 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Additional |   |   | Retained |   |
|                                                                                     |   | Common                    Stock |   |   | Preferred                    Stock |   |   | Paid-in |   |   | Earnings |   |
|                                                                                     |   | Shares |   |   | Amount |   |   | Shares |   |   | Amount |   |   | Capital |   |   | (Deficit) |   |
| THREE                    MONTHS ENDED MARCH 31,                    2007                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                    December 31, 2006                                            |   |   | 11,403,834 |   |   | $ | 11,404 |   |   |   | 0 |   |   | $ | 0 |   |   | $ | 366,097 |   |   | $ | (119,568 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    income (loss )                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | (31,432 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                    March 31, 2007                                               |   |   | 11,403,834 |   |   | $ | 11,404 |   |   |   | 0 |   |   | $ | 0 |   |   | $ | 366,097 |   |   | $ | (151,000 | ) |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SEE                    ACCOMPANYING NOTES AND                    ACCOUNTANT'S REPORT.    |

----

Table            of Contents

| INFORMATION                    SYSTEMS ASSOCIATES,                    INC.                                                                                                                              |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| NOTES                    TO THE FINANCIAL                    STATEMENTS                                                                                                                                 |
|                                               MARCH 31, 2008 and 2007 |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    1 -                    Statement of Significant Accounting Policies                                                                                                             |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (a)                    Business                    Activity                                                                                                                                             |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Information                    Systems Associates, Inc. (Company) was incorporated under the                    laws of                    the                                                          |   |   |
| state                    of Florida                    on May 31, 1994. The Company provides services and software system                    design                                                     |   |   |
| for                    the planning                    and implementation of Computer Aided Facilities Management (CAFM)                    based                                                       |   |   |
| asset                    management                    tools. The Company also provided services through its insurance                    sales                                                         |   |   |
| business                    (discontinued as of March 31, 2007).                                                                                                                                        |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (b)                    Cash and Cash                    Equivalent                                                                                                                                      |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| For                    the purposes                    of the Statement of Cash Flows, the Company considers liquid                    investments                                                      |   |   |
| with                    an original                    maturity of three months or less to be a cash equivalent.                                                                                        |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (c)                    Management’s                    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 and disclosures                    of                                                      |   |   |
| contingent                    assets                    and liabilities at the date of the financial statements and the                    reported                    amounts                          |   |
| of                    revenues and                    expenses during the reporting period. Actual results could differ                    from                    those                                |   |   |
| estimates.                                                                                                                                                                                              |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (d)                    Revenue                    Recognition                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    recognizes revenue in accordance with SEC Staff Accounting Bulletin                    No.                    104,                                    |   |   |
| "Revenue                    Recognition" and Emerging Issues Task Force, or EITF, Issue No.                    00-21,                                                                                   |   |   |
| "Revenue                    Arrangements with Multiple Deliverables".                                                                                                                                   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Consulting                    services and training revenues are accounted for separately from                    subscription                                                                          |   |   |
| and                    support                    revenues when these services have value to the customer on a                    standalone                                                            |   |   |
| basis                    and there                    is objective and reliable evidence of fair value of each deliverable.                    When                                                     |   |   |
| accounted                    for                    separately, revenues are recognized as the services are rendered                    for                    time                                     |   |   |
| and                    material                    contracts, and when the milestones are achieved and accepted                    by the                                                               |   |   |
| customer                    for                    fixed price contracts.  The majority of our consulting service                    contracts are on                                         |   |   |
| a                    time and                    material basis. Training revenues are recognized after the services                    are                                                             |   |   |
| performed.                    For                    revenue arrangements with multiple deliverables, we allocate                    the                    total                                       |   |   |
| customer                    arrangement to the separate units of accounting based on their                    relative                    fair                                                          |   |   |
| values,                    as                    determined by the price of the undelivered items when sold                    separately.                                                              |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| In                    determining                    whether the consulting services can be accounted for separately                    from                                                            |   |   |
| subscription                    and                    support revenues, we consider the following factors for each                    consulting                                                       |   |   |
| agreement:                    availability of the consulting services from other vendors, whether                    objective                                                                          |   |   |
| and                    reliable                    evidence for fair value exists for the undelivered elements,                    the nature of                    the                                 |   |   |
| consulting                    services, the timing of when the consulting contract was signed                    in                    comparison                                                       |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    1 -                    Statement of Significant Accounting Policies (continued)                                                                                                 |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (d)                    Revenue                    Recognition  (continued)                                                                                                                    |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| to                    the                    subscription service start date, and the contractual dependence                    of the                    subscription                                  |   |   |
| service                    on the                    customer's satisfaction with the consulting work. If a consulting                                                                                  |   |   |
| arrangement                    does                    not qualify for separate accounting, we recognize the consulting                                                                                 |   |   |
| revenue                    ratably                    over the remaining term of the subscription contract. Additionally,                    in                    these                                |   |   |
| situations                    we                    defer the direct costs of the consulting arrangement and amortize                    those                                                          |   |   |
| costs                    over the                    same time period as the consulting revenue is recognized. We                    did not                    have                                    |   |   |
| any                    revenue                    arrangements with multiple deliverables for the period ending                    December 31,                    2007.                                |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (e)                    Comprehensive                    Income (Loss)                                                                                                                                   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    adopted Financial Accounting Board Statement of Financial                    Accounting                                                               |   |   |
| Standards                    (SFAS)                    No. 130, "Reporting Comprehensive Income”, which establishes standards                    for                                              |   |
| the                    reporting and                    display of comprehensive income and its components in the financial                                                                             |   |   |
| statements.                    There                    were no items of comprehensive income (loss) applicable to the                    Company                                                       |   |   |
| during                    periods                    covered in the financial statements.                                                                                                               |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (f)                    Income                    Taxes                                                                                                                                                  |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Income                    taxes are                    provided in accordance with Statement of Financial Accounting                    Standards                                                       |   |   |
| (SFAS)                    No. 109,                    "Accounting for Income Taxes". A deferred tax asset or liability                    is                    recorded for                            |   |   |
| all                    temporary                    differences between financial and tax and net operating loss                    carry                    forwards.                                  |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Deferred                    tax                    assets are reduced by a valuation allowance when, in the opinion                    of                    management,                                |   |   |
| it                    is more likely                    than not that some portion or the entire deferred tax asset will                    not be                    realized.                         |   |   |
| Deferred                    tax                    assets and liabilities are adjusted for the effect of changes                    in tax laws                    and rates on                         |   |   |
| the                    date of                    enactment.                                                                                                                                            |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (g)                    Fair Value of                    Financial Instruments                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    carrying                    amounts reported in the balance sheet for cash, accounts receivable                    and                    payables                               |   |   |
| and                    loans payable                    approximate fair value based on the short-term maturity of these                    instruments.                                                |   |   |
| The                    carrying                    value of the Company’s long-term debt approximated its fair value based on                    the                                              |   |   |
| current                    market                    conditions for similar debt instruments.                                                                                                           |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (h)                    Accounts                    Receivable                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Accounts                    receivable are stated at estimated net realizable value. Accounts                    receivable are                                                                         |   |   |
| comprised                    of                    balances due from customers net of estimated allowances for                    uncollectible                                                         |   |   |
| accounts.                    In                    determining the collections on the account, historical trends                    are                    evaluated and                                |   |   |
| specific                    customer                    issues are reviewed to arrive at appropriate allowances.                                                                                        |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    1 -                    Statement of Significant Accounting Policies (continued)                                                                                                 |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (i)                    Property and                    Equipment                                                                                                                                        |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Property                    and                    equipment is stated at cost. Depreciation is provided by the                    straight-line                    method                              |   |   |
| over                    the                    estimated economic life of the property and equipment (three                    to ten                    years). When                                   |   |   |
| assets                    are sold                    or retired, their costs and accumulated deprecation are eliminated                    from                    the                                 |   |   |
| accounts                    and any                    gain or loss resulting from their disposal is included in the                    statement                    of                                 |   |   |
| operations.                                                                                                                                                                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    recognizes an impairment loss on property and equipment when                    evidence,                    such                                     |   |   |
| as                    the sum of                    expected future cash flows (undiscounted and without interest                    charges),                    indicates                             |   |   |
| that                    future                    operations will not produce sufficient revenue to cover the related                    future                    costs,                               |   |   |
| including                    depreciation, and when the carrying amount of the asset cannot                    be realized                    through                                                   |   |   |
| sale.                    Measurement                    of the impairment loss is based on the fair value of the assets.                                                                                |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (j)                    Impairment of                    Long-Lived Assets                                                                                                                               |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    evaluated the recoverability of its property, equipment, and                    other assets                    in                                    |   |   |
| accordance                    with                    Statements of Financial Accounting Standards (SFAS) No. 144,                    “Accounting                                                 |   |   |
| for                    the                    Impairment or Disposal of Long-Lived Assets”, which requires recognition                    of                                                      |   |   |
| impairment                    of                    long-lived assets in the event the net book value of such assets                    exceeds                    the                                  |   |   |
| estimated                    future                    undiscounted cash flows attributable to such assets or the business                    to                    which                               |   |   |
| such                    intangible                    assets relate.                                                                                                                                    |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (k)                    Software                    Development Costs                                                                                                                                    |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    accounts for costs incurred to develop computer software for                    internal use                    in                                    |   |   |
| accordance                    with                    Statement of Position (SOP) 98-1, "Accounting for the Costs of                    Computer                                                        |   |   |
| Software                    Developed or Obtained for Internal Use". As required by SOP 98-1,                    the                    Company                                                         |   |   |
| capitalizes                    the                    costs incurred during the application development stage, which                    include                    costs to                             |   |   |
| design                    the                    software configuration and interfaces, coding, installation,                    and testing.                    Costs incurred                         |   |
| during                    the                    preliminary project along with post-implementation stages of                    internal use                    computer                               |   |   |
| software                    are                    expensed as incurred. Capitalized development costs are amortized                    over                    a                                       |   |   |
| period                    of three                    years. Costs incurred to maintain existing product offerings                    are expensed                    as                                |   |   |
| incurred.                    The                    capitalization and ongoing assessment of recoverability of development                    costs                                                     |   |   |
| requires                    considerable judgment by management with respect to certain external                    factors,                                                                            |   |   |
| including,                    but                    not limited to, technological and economic feasibility, and estimated                    economic life.                                            |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| After                    the                    development of the internal-use "On Site Physical Inventory "                    software                    (OSPI) was                                 |   |   |
| complete,                    the                    Company decided to market the software. Proceeds from the licenses                    of                    the                                     |   |   |
| computer                    software, net of direct incremental costs of marketing, such                    as                    commissions,                                                          |   |   |
| software                    reproduction costs, warranty and service obligations, and installation                    costs, are                                                                        |   |   |
| applied                    against                    the carrying cost of that software. No profit will be recognized                    until                    aggregate                            |   |   |
| net                    proceeds from                    licenses and amortization have reduced the carrying amount of                    the                                                            |   |   |
| software                    to zero.                    Subsequent proceeds will be recognized in revenue as earned.                                                                                    |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    1 -                    Statement of Significant Accounting Policies (continued)                                                                                                 |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (l)                    Share-Based                    Payments                                                                                                                                          |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| In                    December 2004,                    the Financial Accounting Standards Board (FASB) issued SFAS                                                                                     |   |   |
| No.                    123 (R),                    “Share-Based Payments”, which establishes standards for transactions in                    which                                         |   |   |
| an                    entity                    exchanges its equity instruments for goods and services. This                    standard                    replaces SFAS                              |   |   |
| No.                    123 and                    supersedes Accounting Principles Board (APB) Opinion No. 25,                    "Accounting                                                           |   |   |
| for                    Stock-Based                    Compensation”. This standard requires a public entity to measure the                    cost                                                |   |   |
| of                    employee                    services using an option-pricing model, such as the Black-Scholes                    Model,                    received                               |   |
| in                    exchange for                    an award of equity instruments based on the grant-date fair value                    of the                    award.                             |   |   |
| This                    eliminates                    the exception to account for such awards using the intrinsic                    method                    previously                              |   |   |
| allowable                    under                    APB No. 25. Shares of common stock issued for services rendered                    by a                    third                                  |   |   |
| party                    are                    recorded at the fair market value of the shares issued or services                    rendered, whichever                                               |   |   |
| is                    more readily                    determinable. The shares are valued using the most recent private                    sale of                    stock                             |   |   |
| since                    the Company                    is not traded on a public market. The Company adopted this standard                    during                                                   |   |   |
| year                    ended                    December 31, 2006 using the modified prospective method.                                                                                               |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (m)                    Dividends                                                                                                                                                                        |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company has                    not yet adopted any policy regarding payment of                    dividends.  No                                                       |   |   |
| dividends                    have                    been paid or declared since inception.                                                                                                             |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (n)                    Advertising                    Expenses                                                                                                                                          |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Advertising                    costs                    are expensed as incurred.  For the three months ended March,                    2008                                                  |   |   |
| and                    2007, no                    advertising costs were incurred.                                                                                                                     |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (o)                    Earnings                    (Loss) Per Share                                                                                                                                     |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    reports earnings (loss) per share in accordance with Statement                    of                                                                  |   |   |
| Financial                    Accounting Standard (SFAS) No.128. This statement requires dual                                                                                                            |   |   |
| presentation                    of                    basic and diluted earnings (loss) with a reconciliation of the                    numerator                                                       |   |   |
| and                    denominator                    of the loss per share computations. Basic earnings per share                                                                                      |   |   |
| amounts                    are based                    on the weighted average shares of common outstanding. If                                                                                        |   |   |
| applicable,                    diluted earnings per share assume the conversion, exercise or                    issuance                    of                                                          |   |   |
| all                    common stock                    instruments such as options, warrants and convertible securities,                                                                                |   |   |
| unless                    the effect                    is to reduce a loss or increase earnings per share. Accordingly,                    this                                                        |   |   |
| presentation                    has                    been adopted for the periods presented. There were no adjustments                                                                                |   |   |
| required                    to net                    income for the period presented in the computation of diluted                    earnings                                                         |   |   |
| per                    share. There                    were no common stock equivalents (CSE) necessary for the                                                                                         |   |   |
| computation                    of                    diluted loss per share.                                                                                                                            |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    1 -                    Statement of Significant Accounting Policies (continued)                                                                                                 |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (p)                    Recent                    Accounting Pronouncements                                                                                                                              |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| In                    December 2007,                    the FASB issued two new statements: (a) SFAS No. 141 (revised                                                                                   |   |   |
| 2007),                    Business                    Combinations, and (b) No. 160, Noncontrolling Interests in                                                                                        |   |   |
| Consolidated                    Financial Statements.  These statements are effective for fiscal                    years                                                                     |   |   |
| beginning                    after                    December 15, 2008, and the application of these standards will                                                                                    |   |   |
| improve,                    simplify                    and converge internationally the accounting for                                                                                                 |   |   |   |
| business                    combinations and the reporting of noncontrolling interests in                    consolidated                                                                               |   |   |
| financial                    statements.  The Company is in the process of evaluating the                    impact, if any,                                                                  |   |   |
| of                    SFAS 141 (R)                    and SFAS 160 and does not anticipate that the adoption of these                                                                                   |   |   |
| standards                    will                    have any impact on its financial statements.                                                                                                       |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (a)  SFAS                    No. 141 (R) requires an acquiring entity in a business combination                    to:                    (i)                                                 |   |   |
| recognize                    all                    (and only) the assets acquired and the liabilities assumed in                    the                                                                |   |   |
| transaction,                    (ii)                    establish an acquisition-date fair value as the measurement                    objective                                                        |   |   |
| for                    all assets                    acquired and the liabilities assumed, (iii) disclose to investors                    and                                                           |   |   |
| other                    users all                    of the information they will need to evaluate and understand                    the                    nature                                     |   |   |
| of,                    and the                    financial effect of, the business combination, and (iv) recognize                    and                                                              |   |   |
| measure                    the                    goodwill acquired in the business combination or a gain from                    a                    bargain                                          |   |   |
| purchase.                                                                                                                                                                                               |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| (b)                    SFAS No. 160                    will improve the relevance, comparability and transparency of                                                                                    |   |   |
| financial                    information provided to investors by requiring all entities to:                    (i)                    report                                                           |   |   |
| noncontrolling                    (minority) interests in subsidiaries in the same manner as equity                    but                                                                              |   |   |
| separate                    from the                    parent's equity in consolidated financial statements, (ii) net                                                                                  |   |   |
| income                    attributable to the parent and to the non-controlling interest                    must be                    clearly                                                          |   |   |
| identified                    and                    presented on the face of the consolidated statement of income,                    and                    (iii)                                     |   |   |
| any                    changes in                    the parent's ownership interest while the parent retains the                    controlling                                                        |   |   |
| financial                    interest in its subsidiary be accounted for consistently.                                                                                                                  |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| In                    March 2008,                    the FASB issued SFAS No. 161, "Disclosures about Derivative                                                                                        |   |   |
| Instruments                    and                    Hedging Activities, an amendment of FASB Statement No. 133"                                                                                       |   |   |
| ("SFAS                    161").                    This new standard requires enhanced disclosures for derivative                                                                                      |   |   |
| instruments,                    including those used in hedging activities. It is effective for                    fiscal                    years                                                      |   |   |
| and                    interim                    periods beginning after November 15, 2008, and will be applicable                    to                    the                                        |   |   |
| Company                    in the                    first quarter of fiscal 2009. The Company is currently evaluating                    the                                                           |   |   |
| impact                    of this                    statement and does not anticipate that it will have an impact                    on                    the                                         |   |   |
| Company's                    financial position or results of operations.                                                                                                                               |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    2- Cash and                    Cash Equivalent                                                                                                                                  |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 2008 | 2007 |
|                                                                                                                                                                                                    | Wachovia                    Bank                    (FDIC insured to $100,000.00) |   |   | $6,369 | $142,879 |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    3 - Property                    and Equipment                                                                                                                                   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 2008 | 2007 |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Computer                    software                    (developed for internal use)                                                                                                                    |   |   | $119,726 | $0 |
| Computer                    software                    (purchased)                                                                                                                                     |   |   | 1,307 | 1,307 |
| Furniture,                    fixtures, and equipment                                                                                                                                                   |   |   | 27,166 | 16,750 |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 148,199 | 18,057 |
| Less                    accumulated                    depreciation and amortization                                                                                                                    |   |   | 36,426 | 11,402 |
|                                                                                                                                                                                                    |   |   |   |   |   |   | $111,773 | $6,655 |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Depreciation                    and                    amortization expense                                                                                                                             |   |   | $13,513 | $481 |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    4 - Computer                    Software Developed for Internal Use                                                                                                             |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| During                    the year                    ended December 31, 2007, the Company completed the development                                                                                    |   |   |
| of                    the of the                    internal-use software, "On Site Physical Inventory" (OSPI). The                    OSPI                    software                                 |   |   |
| was                    developed to                    be used by the Company for collecting data for information                    technology                                                         |   |   |
| assets                    installed                    in data centers. The Company began using the OSPI software in                                                                                    |   |   |
| October                    2007                    while providing consultation services for managing the physical                                                                                      |   |   |
| infrastructure                    of                    data centers.                                                                                                                                   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| After                    implementing the use of the OSPI software,  the Company decided                    to market the                                                                     |   |   |
| software                    and  entered into a software license agreement with Aperture                    Technologies, Inc.                                                                |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company has                    capitalized the cost of the OSPI software using Statement of                                                                                      |   |   |
| Position                    (SOP)                    98-1, "Accounting for the Costs of Computer Software Developed                    or                                                               |   |   |
| Obtained                    for                    Internal Use" as follows:                                                                                                                            |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 2008 | 2007 |
| Development                    costs                                                                                                                                                                    |   |   |   | $139,900 | $74,237 |
| Software                    license                    agreement - payments received                                                                                                                    |   |   | (40,625) | 0 |
| Software                    license                    agreement - marketing costs                                                                                                                      |   |   | 20,451 | 0 |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 119,726 | 74,237 |
| Less                    accumulated                    depreciation and amortization                                                                                                                    |   |   | 22,735 | 0 |
|                                                                                                                                                                                                    |   |   |   |   |   |   | $96,991 | $74,237 |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    5                    -  Note Payable                                                                                                                                  |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company has a                    line of credit with Wachovia Bank NA.  The line of credit                    provides                                                 |   |   |
| for                    borrowing up                    to $40,000.  The balance as of March 31, 2008 is                    $35,835.  The                                            |   |   |
| interest                    rate is                    Prime Rate plus 3%.  The President is a personal guarantor on                    the line                                              |   |   |
| of                    credit.                                                                                                                                                                           |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    6 - Income                    Taxes                                                                                                                                             |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 2008 | 2007 |
| Provision                    for                    income tax (credit) consists of:                                                                                                                    |   |   |   |   |
|                                                                                                                                                                                                    | Current                    accrual |   |   |   | $0 | $0 |
|                                                                                                                                                                                                    | Cumulative                    change                    in deferred income tax |   |   | 1,025 | (7,500) |
|                                                                                                                                                                                                    |   |   |   |   |   |   | $1,025 | ($7,500) |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Income                    tax                    receivable consists of the following:                                                                                                                  |   |   |   |   |
|                                                                                                                                                                                                    | Federal                    claim for                    refund |   |   | $637 |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company had                    the following net operating loss carryovers                                                                                                       |   |   |   |   |
| for                    income tax                    purposes:                                                                                                                                          |   |   |   |   |
|                                                                                                                                                                                                    |   | Expiring                    2020 |   |   | $204 |   |
|                                                                                                                                                                                                    |   | Expiring                    2021 |   |   | 82,899 |   |
|                                                                                                                                                                                                    |   | Expiring                    2022 |   |   | 133,233 |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   | $216,336 |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    7 -                    Supplemental Cash Flow Information                                                                                                                       |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Supplemental                    disclosures of cash flow information for the periods ended December                    31,                    2007 and                                                  |   |
| 2006                    is                    summarized as follows:                                                                                                                                    |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   | 2008 | 2007 |
| Cash                    paid during                    the periods for interest and income taxes:                                                                                                       |   |   |   |   |
|                                                                                                                                                                                                    | Income                    taxes |   |   |   | $0 | $0 |
|                                                                                                                                                                                                    | Interest |   |   |   |   | $458 | $311 |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    8 -                    Operating Lease                                                                                                                                          |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company                    leases its Palm City Florida facility.  The lease requires                    monthly                                                       |   |   |
| payments                    of                    $1,400.   The lease commenced on June 1, 2007 and expires                    on May 31,                                                |   |   |
| 2008.                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    following is                    a schedule of the lease payments by year under the lease:                                                                                        |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    | 2008 |   |   |   |   |   | $7,000 |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    9 - Employee                    Benefits                                                                                                                                        |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company has a                    SIMPLE Plan (Plan) to provide retirement and incidental benefits                    for                                                         |   |   |
| its                    employees.                    Employees may contribute from 1% to 15% of their annual compensation                    to                    the                                  |   |   |
| Plan,                    limited to                    a maximum annual amount as set periodically by the Internal Revenue                    Service.                                                  |   |   |
| The                    Company                    matches employee contributions dollar for dollar up to the IRS                    maximum.                    All                                     |   |   |
| matching                    contributions vest immediately. Such contributions to the Plan                    are                    allocated among                                                    |   |   |
| eligible                    participants in the proportion of their salaries to the total                    salaries of                    all participants.                                           |   |   |
| Company                    matching                    contributions to the Plan for the periods ended March 31, 2008                    and                    2007                                    |   |   |
| totaled                    $900 and                    $750.                                                                                                                                            |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| The                    Company has a                    medical reimbursement plan that reimburses officers for all out                    of                    pocket                                 |   |   |
| medical                    expenses                    not covered by the Company provided insurance plan. Company                    expenses                                                          |   |   |
| under                    the medical                    reimbursement plan for the periods ended March 31, 2008 and 2007                    totaled                                                     |   |   |
| $7,077                    and                    $7,610.                                                                                                                                                |   |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Note                    10                    -  Discontinued Operation                                                                                                                       |   |   |   |   |
|                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| On                    April 1, 2007,                    the Company decided to cease its insurance business due to                                                                                      |   |   |
| decreasing                    sales                    and a change in corporate strategy.  Sales for the                    insurance                                                        |   |   |
| business                    for the                    three months ended March 31, 2007 were $10,251. The insurance                                                                                    |   |   |
| business                    pretax                    loss reported in discontinued operations for the three months                    ended                                                            |   |   |
| March                    31, 2007                    was $9,631.  No assets or liabilities existed for the                    business.                                                       |   |   |

----

Table            of Contents

RATION

----

Table            of Contents

| –   | Improve                  impact analysis, minimize errors and reduce staff requirements                  associated                  with changes |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Enable                  proactive infrastructure capacity                  planning |
|---------------------|-------------------------------------------------------------------------------------|

| –   | Facilitate                  the planning and execution of consolidation or relocation                  projects |
|---------------------|-----------------------------------------------------------------------------------------------------------------|

| –   | Provide                  alerts for key performance indicators and threshold                  conditions |
|---------------------|----------------------------------------------------------------------------------------------------------|

| –   | Enforce                  adherence to redundancy requirements and design guidelines to ensure                  availability and business                  continuity |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Reduce                  mean-time-to-repair for outages |
|---------------------|---------------------------------------------------------|

| –   | Ensure                  compliance with standard or regulated                  processes |
|---------------------|------------------------------------------------------------------------------------------|

| –   | Speed                  time-to-market for new application                  deployments |
|---------------------|----------------------------------------------------------------------------------------|

| –   | All                  devices, including Mainframe, Open System and Network                  devices. |
|---------------------|------------------------------------------------------------------------------------------------------|

| –   | Internal                  device features, control units, logical                  partitioning. |
|---------------------|--------------------------------------------------------------------------------------------------|

| –   | All                  device ports, CHPIDs, interface. |
|---------------------|-------------------------------------------------------|

| –   | Warranty,                  install/de-install dates, contract and leasing                  information. |
|---------------------|---------------------------------------------------------------------------------------------------------|

| –   | All                  fiber cables including ESCON, FICON, Fiber Channel, FDDI,                  etc. |
|---------------------|------------------------------------------------------------------------------------------------------|

| –   | All                  copper cables including Bus & Tag, SCSI, CAT5, Coax,                  etc. |
|---------------------|-----------------------------------------------------------------------------------------------------|

| –   | All                  physical connectivity between devices and internal connectivity                  through                  switching equipment. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | All                  power equipment and connectivity. |
|---------------------|--------------------------------------------------------|

| –   | Device                  racks. |
|---------------------|--------------------------------|

| –   | Copper                  and fiber patch panels and                  cabinets. |
|---------------------|-------------------------------------------------------------------------------|

| –   | SAN                  Fabric definition including aliases, zone sets and zone                  members. |
|---------------------|--------------------------------------------------------------------------------------------------------|

| –   | All                  asset and connectivity data defined once with multiple physical/logical                  displays of the data from different physical/logical                  viewpoints. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Able                  to link an asset to external documents such as Word documents,                  CAD                  drawings, spreadsheets, etc. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Track                  equipment, furniture and telecom assets in use and in                  inventory. |
|---------------------|----------------------------------------------------------------------------------------------------------|

| –   | Assign                  assets to locations, employees and cost                  centers. |
|---------------------|-------------------------------------------------------------------------------------------|

| –   | Report                  on condition, depreciation, warranties and maintenance                  histories. |
|---------------------|------------------------------------------------------------------------------------------------------------|

| –   | Inventory                  analysis, including leased vs. owned                  assets. |
|---------------------|------------------------------------------------------------------------------------------|

| –   | Track                  assets as individual components or create an asset made up of many                  individual components by recording a bill-of-materials (i.e.                  workstation). |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Establish                  product standards. |
|---------------------|-----------------------------------------------|

| –   | Create                  purchase orders and track cost, approval and                  supplier. |
|---------------------|-------------------------------------------------------------------------------------------------|

| –   | Receive                  goods and specify installed                  location. |
|---------------------|---------------------------------------------------------------------------------|

| –   | Track                  warranties, insurance policies and asset leases, including duration                  and                  payments. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Create                  multiple stock locations including non-fixed locations such as                  maintenance                  trucks. |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Track                  parts in stock, establish recommended stock levels and reorder                  parts for                  stock. Work orders reserve and use parts in                  stock. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| –   | Track                  the lifecycle of assets from purchase, to relocation to                  disposition. |
|---------------------|--------------------------------------------------------------------------------------------------------------|

| –   | Report                  on assets by location, department and                  employee. |
|---------------------|------------------------------------------------------------------------------------------|

| –   | Review                  expiring insurance policies, warranties and                  leases. |
|---------------------|----------------------------------------------------------------------------------------------|

| –   | Review                  an assets maintenance history including on-demand and preventative                  maintenance work. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------|

| –   | Manage                  parts inventories including allocated parts and                  reordering. |
|---------------------|------------------------------------------------------------------------------------------------------|

| –   | Compare                  actual furniture to typical furniture by room                  type. |
|---------------------|-----------------------------------------------------------------------------------------------|

| –   | Keep                  asset locations up to date in AutoCAD drawings or by issuing move                  orders. |
|---------------------|------------------------------------------------------------------------------------------------------------------|

| §   | Graphical                  Design & Modeling of Datacenters                  |
|--------------------|----------------------------------------------------------------------------------|
| §   | Auto-Build                  Visual Documentation From Imported Bill of Materials |
| §   | Advanced                  Operations & Reporting                             |
| §   | Modeling                  and Impact Analysis of Datacenter Designs              |
| §   | Space,                  Power, Cooling, and Cable Management                     |
| §   | Generate                  Detailed Datacenter and Rack Visualizations            |
| §   | Ensure                  Racks and the Datacenter are Within Design Limits        |
| §   | Instantly                  Find Available Datacenter Resources                   |

| §   | Improve                  Utilization of Power and Space                            |
|--------------------|------------------------------------------------------------------------------------|
| §   | Import,                  & Document the Datacenter in                  Minutes |

----

Table            of Contents

| 1.   | Updated                  and customized data entry forms included in the standard VisionFM                  product |
|----------------|---------------------------------------------------------------------------------------------------------------------|
| 2.   | Added                  new forms and workflow processes                                                             |

| 3.   | Created                  a training video whose target audience is the end user submitting                  Work                  Orders and Move Requests |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.   | Other                  minor modifications to the VisionFM                  solution.                                                                      |

----

Table            of Contents

|  | • | Enterprise                  asset management - related solutions -Visual Network Design, Inc.,                  ShowRack, NLyte, Visio) |
|--|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
|  | • | Facilities                  Management - related solutions -                  Archibus)                                                 |

----

Table            of Contents

----

Table            of Contents

| DISCLOSURE                  CONTROLS AND                  PROCEDURES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Our                  management, including our Principal Executive Officer and Principal                  Financial Officer, has evaluated the design, operation, and effectiveness                  of our disclosure controls and procedures pursuant to Rule 13a-15                  under                  the Securities Exchange Act of 1934 (the “Exchange Act”). There are                  inherent limitations to the effectiveness of any system of disclosure                  controls and procedures, including the possibility of human error                  and the                  circumvention or overriding of the controls and procedures. Accordingly,                  even effective disclosure controls and procedures can only provide                  reasonable assurance of achieving their control objectives. Based                  upon the                  evaluation performed by our management, including its Principal                  Executive                  Officer and Principal Financial Officer, it was determined that,                  as of the                  end of the period covered by this quarterly report, our disclosure                  controls and procedures were effective to provide reasonable assurance                  that information required to be disclosed in the reports filed                  or                  submitted pursuant to the Exchange Act is recorded, processed,                  summarized,                  and reported within the time periods specified in the rules and                  forms of                  the SEC, and that such information is accumulated and communicated                  to our                  management, including its Principal Executive Officer and Principal                  Financial Officer, or persons performing similar functions, as                  appropriate                  to allow timely decisions regarding disclosures |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |

EEDINGS

MATION

ON FORM 8-K

| (1)   | Exhibits:                  Exhibits required to be attached                  by Item 601 of Regulation S-B are listed in the Index to Exhibits                  beginning on page 8 of this Form 10-Q, which is incorporated herein                  by                  reference. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | None.  |
|-----------------|--------|
|            |   |

----

Table            of Contents

NATURES

|                                     |                                              |                                                             |
|-------------------------------------|----------------------------------------------|-------------------------------------------------------------|
|                                     |                                         |
|                                     |                                              | Information                  Systems Associates, Inc.  |
| Date:                  May 15, 2008 | By:                                | /s/ Joseph                  P. Coschera                |
|                                     | Joseph                  P. CoscheraPresident |

----

XHIBITS

| Exhibit                  No. |   | Description                                                                                                                                      |
|------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                         |        | Certification                  of Chief Executive Officer and Chief                  Financial Officer                                                |
|                              |        |                                                                                                                                                       |
| 32.1                         |        | Statement                  required by 18 U.S.C. Section 1350, as adopted                  pursuant to section 906 of the Sarbanes-Oxley Act of 2002. |