UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549




FORM
10-Q




x
            QUARTERLY REPORT UNDER SECTION
      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY
      PERIOD ENDED JUNE 30, 2008




o
            TRANSITION REPORT PURSUANT TO
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934
              For the transition period from _______ to
      _______




Commission
File Number: 333-144888




SN Strategies
Corp.


(Exact
name of registrant as specified in its charter)





Nevada
            01-0660195(State
      or other jurisdiction of incorporation or organization)
            (I.R.S.
      Employer Identification No.)





1077 Balboa Avenue,
      Laguna Beach, California 92651(Address
      of principal executive offices)





(714)
      651-8000(Registrant’s
      telephone number including area code)





Indicate
by check mark whether the registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the past
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90
days.                    x Yes  
o No




Indicate
by check mark whether the registrant is a large accelerated file, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.




Large
      accelerated filer o
            
            Accelerated
      filer oNon-accelerated
      filer  o     (Do
      not check if a smaller reporting company)
            
            Smaller
      reporting company xIndicate
      by check mark whether the registrant is a shell company (as defined in
      Rule 12b-2 of the Exchange Act).    x
      Yes   o
No




APPLICABLE
ONLY TO CORPORATE ISSUERS




State the
number of shares outstanding of each of the issuer's classes of common equity,
as of the latest practical date.  As of August 12, 2008, there were
2,876,000 shares of the issuer's $.001 par value common stock issued and
outstanding.






1









PART
I - FINANCIAL INFORMATION
 
 Item 1.  Financial
Statements
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 BALANCE
SHEETS


ASSETS





June
      30,
              2008
            
            
            December
      31,
              2007(Unaudited)Current
      assetsCash
            
            $
            868
            
            
            $
            216Prepaid
      expense
            
            
            1,250
            
            
            
            6,250Total
      current assets
            
            
            2,118
            
            
            
            6,466Other
      assetsInvestment
            
            
            27,500
            
            
            
            27,500Total
      assets
            
            $
            29,618
            
            
            $
            33,966








LIABILITIES
AND STOCKHOLDERS’ EQUITY (DEFICIT)





Current
      liabilitiesAccounts
      payable and accrued expenses
            
            $
            35,913
            
            
            $
            20,091Income
      taxes payable
            
            
            800
            
            
            
            -Convertible
      note payable
            
            
            3,000Note
      payable, related party
            
            
            13,000
            
            
            
            -Total
      current liabilities
            
            
            52,713
            
            
            
            20,091Stockholders’
      equity (deficit)Preferred
      stock, $.001 par value; 5,000,000 shares authorized, 0 shares issued and
      outstanding
            
            
            -
            
            
            
            -Common
      stock, $.001 par value; 50,000,000 shares authorized, 2,876,000 shares
      issued and outstanding at June 30, 2008 and December 31,
    2007
            
            
            2,876
            
            
            
            2,876Additional
      paid-in capital
            
            
            91,281
            
            
            
            91,281Deficit
      accumulated during the development stage
            
            
            (117,252
            )
            
            
            (80,282
            )Total
      stockholders’ equity (deficit)
            
            
            (23,095
            )
            
            
            13,875Total
      liabilities and stockholders’ equity (deficit)
            
            $
            29,618
            
            
            $
            33,966











See accompanying notes to unaudited
financial statements.
 2
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 STATEMENTS
OF OPERATIONS
 (Unaudited)





Three
      Months Ended June 30,
            
            
            Six
      Months Ended June 30,
            
            
            Inception
      (January
              18,
      2002) toJune
      30,2008
            
            
            2007
            
            
            2008
            
            
            2007
            
            
            2008Net
      revenue
            
            $
            5,799
            
            
            $
            -
            
            
            $
            8,761
            
            
            $
            -
            
            
            $
            14,055Operating
      expensesLegal
      and professional
            
            
            5,500
            
            
            
            12,735
            
            
            
            27,228
            
            
            
            12,735
            
            
            
            73,669Dues
      and fees
            
            
            3,230
            
            
            
            2,737
            
            
            
            7,162
            
            
            
            2,737
            
            
            
            16,807Rent
            
            
            3,000
            
            
            
            300
            
            
            
            6,000
            
            
            
            600
            
            
            
            9,900General
      and administrative
            
            
            2,656
            
            
            
            55
            
            
            
            4,117
            
            
            
            55
            
            
            
            8,132Total
      operating expenses
            
            
            14,386
            
            
            
            15,827
            
            
            
            44,507
            
            
            
            16,127
            
            
            
            108,508Other
      income (expense)Interest
      income (expense), net
            
            
            (351
            )
            
            
            153
            
            
            
            (424
            )
            
            
            153
            
            
            
            201Loss
      from continuing operations before income taxes
            
            
            (8,938
            )
            
            
            (15,674
            )
            
            
            (36,170
            )
            
            
            (15,974
            )
            
            
            (94,252
            )Provision
      for income taxes
            
            
            -
            
            
            
            -
            
            
            
            800
            
            
            
            800
            
            
            
            1,600Loss
      from continuing operations
            
            
            (8,938
            )
            
            
            (15,674
            )
            
            
            (36,970
            )
            
            
            (16,774
            )
            
            
            (95,852
            )Discontinued
      operations
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (21,400
            )Net
      loss
            
            $
            (8,938
            )
            
            $
            (15,674
            )
            
            $
            (36,970
            )
            
            $
            (16,774
            )
            
            $
            (117,252
            )Net
      loss per common share from continuing operations – basic and
      diluted
            
            $
            (0.00
            )
            
            $
            (0.01
            )
            
            $
            (0.01
            )
            
            $
            (0.01
            )
            
            $
            (0.06
            )Net
      loss per common share from discontinued operations – basic and
      diluted
            
            $
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            (0.01
            )Weighted
      average of common shares – basic and diluted
            
            
            2,876,000
            
            
            
            2,297,772
            
            
            
            2,876,000
            
            
            
            2,125,344
            
            
            
            2,010,520





See accompanying notes to unaudited
financial statements.
 3
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 STATEMENTS
OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)





DeficitCommon
      Stock
            
            
            
            
            
            AccumulatedNumber
      of
              Shares
            
            
            Amount
            
            
            Additional
              Paid-In
              Capital
            
            
            During
      Development
              Stage
            
            Total
      Stockholders’ Equity (Deficit)Balance,
      January 18, 2002 (inception)
            
            
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            -Issuance
      of founder shares for services, January 30, 2002, retroactively stated for
      1:5 reverse stock split on April 22, 2007
            
            
            1,200,000
            
            
            
            1,200
            
            
            
            4,800
            
            
            
            -
            
            
            
            6,000Issuance
      of common stock, November 1, 2002, retroactively stated for 1:5 reverse
      stock split on April 22, 2007
            
            
            751,000
            
            
            
            751
            
            
            
            36,799
            
            
            
            -
            
            
            
            37,550Additional
      paid-in capital in exchange for facilities provided by related
      party
            
            
            -
            
            
            
            -
            
            
            
            900
            
            
            
            -
            
            
            
            900Net
      loss
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (8,889
            )
            
            
            (8,889
            )Balance,
      December 31, 2002 (Audited)
            
            
            1,951,000
            
            
            
            1,951
            
            
            
            42,499
            
            
            
            (8,889
            )
            
            
            35,561Distributions
      to shareholders
            
            
            -
            
            
            
            -
            
            
            
            (32,750
            )
            
            
            -
            
            
            
            (32,750
            )Additional
      paid-in capital in exchange for facilities provided by related party
      (2003-2006)
            
            
            -
            
            
            
            -
            
            
            
            5,682
            
            
            
            -
            
            
            
            5,682





See
accompanying notes to unaudited financial statements.
 4
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 STATEMENTS
OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)












DeficitCommon
      Stock
            
            
            
            AccumulatedNumber
      of
              Shares
            
            Amount
            
            Additional
              Paid-In
              Capital
            
            During
              Development
              Stage
            Total
              Stockholders’
      Equity (Deficit)Net
      losses (2003 – 2006)
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (12,511
            )
            
            
            (12,511
            )Balance,
      December 31, 2006 (Audited)
            
            
            1,951,000
            
            
            
            1,951
            
            
            
            15,431
            
            
            
            (21,400
            )
            
            
            (4,018
            )Issuance
      of common stock, May 18, 2007
            
            
            437,500
            
            
            
            437
            
            
            
            34,563
            
            
            
            -
            
            
            
            35,000Issuance
      of common stock, May 31, 2007
            
            
            218,750
            
            
            
            219
            
            
            
            17,281
            
            
            
            -
            
            
            
            17,500Issuance
      of common stock, June 7, 2007
            
            
            268,750
            
            
            
            269
            
            
            
            21,231
            
            
            
            -
            
            
            
            21,500Additional
      paid-in capital in exchange for facilities provided by related
      party
            
            
            -
            
            
            
            -
            
            
            
            900
            
            
            
            -
            
            
            
            900Conversion
      of note receivable
            
            
            -
            
            
            
            -
            
            
            
            1,875
            
            
            
            
            
            
            
            1,875Net
      loss
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (58,882
            )
            
            
            (58,882
            )Balance,
      December 31, 2007 (Audited)
            
            
            2,876,000
            
            
            
            2,876
            
            
            
            91,281
            
            
            
            (80,282
            )
            
            
            13,875


Net
      loss
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (36,970
            )
            
            
            (36,970
            )Balance,
      June 30, 2008 (Unaudited)
            
            
            2,876,000
            
            
            $
            2,876
            
            
            $
            91,281
            
            
            $
            (117,252
            )
            
            $
            (23,095
            )















See
accompanying notes to unaudited financial statements.
 5
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 STATEMENTS
OF CASH FLOWS
 (Unaudited)





InceptionSix
      Months Ended June 30,
            
            
            (January
      18, 2002) toJune
      30,2008
            
            
            2007
            
            
            2008Cash
      flows from operating activitiesNet
      loss
            
            $
            (36,970
            )
            
            $
            (16,774
            )
            
            $
            (117,252
            )Adjustments
      to reconcile net loss to net cash provided by (used in) operating
      activitiesCost
      of services paid for with common stock
            
            
            -
            
            
            
            -
            
            
            
            6,000Additional
      paid-in capital in exchange for facilities provided by related
      party
            
            
            -
            
            
            
            600
            
            
            
            6,600Changes
      in operating assets and liabilitiesDecrease
      (increase) in prepaid expenses
            
            
            5,000
            
            
            
            -
            
            
            
            (1,250
            )Increase
      in accounts payable and accrued expenses
            
            
            15,822
            
            
            
            7,735
            
            
            
            35,913Increase
      (decrease) in income taxes payable
            
            
            800
            
            
            
            (2,518
            )
            
            
            800Net
      cash used in operating activities
            
            
            (15,348
            )
            
            
            (10,957
            )
            
            
            (69,189
            )Cash
      flows from investing activitiesPromissory
      note receivable
            
            
            -
            
            
            
            (25,000
            )
            
            
            (25,000
            )Increase
      in interest on note receivable
            
            
            -
            
            
            
            (153
            )
            
            
            (625
            )Net
      cash used in investing activities
            
            
            -
            
            
            
            (25,153
            )
            
            
            (25,625
            )Cash
      flows from financing activitiesProceeds
      from issuance of common stock
            
            
            -
            
            
            
            74,000
            
            
            
            111,550Distributions
      to shareholders
            
            
            -
            
            
            
            -
            
            
            
            (32,750
            )Capital
      contributions
            
            
            -
            
            
            
            -
            
            
            
            882Proceeds
      from note payable, related party
            
            
            13,000
            
            
            
            -
            
            
            
            13,000Proceeds
      from convertible note payable
            
            
            3,000
            
            
            
            -
            
            
            
            3,000Net
      cash provided by financing activities
            
            
            16,000
            
            
            
            74,000
            
            
            
            95,682Net
      (decrease) increase in cash
            
            
            652
            
            
            
            37,890
            
            
            
            868Cash,
      beginning of period
            
            
            216
            
            
            
            -
            
            
            
            -Cash,
      end of period
            
            $
            868
            
            
            $
            37,890
            
            
            $
            868Supplemental
      disclosure of cash flow informationIncome
      taxes paid
            
            $
            -
            
            
            $
            3,200
            
            
            $
            4,000Interest
      paid
            
            $
            -
            
            
            $
            -
            
            
            $
            -Conversion
      of note receivable and accruedinterest
      into common stock of long term investment
            
            $
            -
            
            
            $
            -
            
            
            $
            25,625Gain
      on conversion of note receivable
            
            $
            -
            
            
            $
            -
            
            
            $
            1,875








See
accompanying notes to unaudited financial statements.
 6
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008





1.
            NATURE OF OPERATIONS
      AND SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES





Nature of
Operations





SN
Strategies Corp. (“the Company”) was incorporated under the laws of the State of
Nevada on January 18, 2002 under the original name “Klean Kast Solutions, Inc”.
On April 22, 2007, the Company filed amended and restated articles and changed
its name to “SN Strategies Corp”.





SN
Strategies Corp. is an internet company that specializes in developing social
networking applications, known as widgets, which are designed to engage,
provide information and gather intelligence from users.  A widget is a
type of user interface that allows people to interact with a computer and
computer-controlled devices that employ graphical icons, visual indicators or
special graphical elements, along with text labels or text navigation to
represent the information and actions available to a user.  The
Company is headquartered in Laguna Beach, California.





SN
Strategies Corp. is currently a development stage company under the provisions
of Statement of Financial Accounting Standards (SFAS) No. 7 “Accounting and Reporting by
Development Stage Enterprises”. For the six months ended June 30, 2008,
the Company produced only minimal revenues and will continue to report as a
development stage company until significant revenues are produced.




Basis of
Presentation





The
unaudited financial statements included herein have been prepared in accordance
with accounting principles generally accepted in the United States for interim
financial information and with the instructions to Form 10-Q and Article 8 of
Regulation S-X.  They do not include all information and notes required by
generally accepted accounting principles for complete financial statements.
However, except as disclosed herein, there has been no material changes in the
information disclosed in the notes to the financial statements included in the
Company’s report on Form 10-KSB of SN Strategies Corp. for the year ended
December 31, 2007. In the opinion of management, all adjustments (including
normal recurring accruals) considered necessary for a fair presentation have
been included. Operating results for the six months ended June 30, 2008 are not
necessarily indicative of the results that may be expected for any other interim
period or the entire year. For further information, these unaudited financial
statements and the related notes should be read in conjunction with the
Company’s audited financial statements for the year ended December 31, 2007
included in the Company’s report on Form 10-KSB.





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 disclosure of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenues and expenses
during the reported periods.  Actual results could materially differ
from those estimates.





Cash and Cash
Equivalents





For
purposes of the balance sheet and statement of cash flows, the Company considers
all highly liquid debt instruments purchased with maturity of three months or
less to be cash equivalents.





Prepaid
Expenses





Prepaid
expenses consist of stock transfer agent fees for services to be rendered over
the one-year period of the contract and are amortized monthly.


Fair Value of Financial
Instruments





Pursuant
to SFAS No. 107, “Disclosures
About Fair Value of Financial Instruments”, the Company is required to
estimate the fair value of all financial instruments included on its balance
sheet.  The carrying value of cash, prepaid expense, accounts payable
and accrued expenses approximate their fair value due to the short period to
maturity of these instruments.




7
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008
  1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)


Income
Taxes





The
Company accounts for income taxes under SFAS 109, “Accounting for Income Taxes”.
Under the asset and liability method of SFAS 109, deferred tax assets and
liabilities are recognized for the future tax consequences attributable to
differences between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases.  Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
be recovered or settled.  Under SFAS 109, the effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income in the
period the enactment occurs.  A valuation allowance is provided for
certain deferred tax assets if it is more likely than not that the Company will
not realize tax assets through future operations.





Comprehensive
Income





The
Company applies Statement of Financial Accounting Standards No. 130, “Reporting Comprehensive
Income” (SFAS 130).  SFAS 130 establishes standards for the
reporting and display of comprehensive income or loss, requiring its components
to be reported in a financial statement that is displayed with the same
prominence as other financial statements.  From inception (January 18,
2002) through June 30, 2008, the Company had no other components of
comprehensive loss other than the net loss as reported on the statement of
operations.




Segment
Reporting





Pursuant
to Financial Accounting Standards No. 131, “Disclosures about Segments of an
Enterprise and Related Information,” (“SFAS No. 131”), the Company is required
to disclose certain disclosures of operating segments, as defined in SFAS No.
131. Management has determined that the Company has only one operating segment
and therefore does not disclose operating segment information.





Basic and Diluted Income
(Loss) Per Share





In
accordance with SFAS No. 128, “Earnings Per Share”, basic
income (loss) per common share is computed by dividing net income (loss)
available to common stockholders by the weighted average number of common shares
outstanding.  Diluted income (loss) per common share is computed
similar to basic income per common share except that the denominator is
increased to include the number of additional common shares that would have been
outstanding if the potential common shares had been issued and if the additional
common shares were dilutive.  As of June 30, 2008, the Company did not
have any equity or debt instruments outstanding that could be converted into
common stock.





Issuances
Involving Non-Cash Consideration





All
issuances of the Company's stock for non-cash consideration have been assigned a
dollar amount equaling either the market value of the shares issued or the value
of consideration received, whichever is more readily determinable. The majority
of the non-cash consideration received pertains to services rendered by officers
and have been valued at the estimated value of the services
rendered.





Revenue
Recognition





The
Company provides consulting services. Revenues from these services are to be
recognized in accordance with Staff Accounting Bulletin (SAB) No. 101,
“Revenue Recognition in Financial Statements,” as amended by
SAB No. 104, “Revenue Recognition” when (a) persuasive evidence of an
arrangement exists, (b) the services have been provided to the customer, (c) the
fee is fixed or determinable, and (d) collectibility is reasonably
assured.






8
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008




1.
              NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)




Recent Accounting
Pronouncements




In March
2008, the FASB issued Statement No. 161, “Disclosures about Derivative
Instruments and Hedging Activities-an amendment of FASB Statement No.
133.” This Statement changes the disclosure requirements for derivative
instruments and hedging activities. Entities are required to provide enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under
Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity’s financial position,
financial performance, and cash flows.  This disclosure better conveys
the purpose of derivative use in terms of the risks that the entity is intending
to manage. Disclosing the fair values of derivative instruments and their gains
and losses in a tabular format should provide a more complete picture of the
location in an entity’s financial statements of both the derivative positions
existing at period end and the effect of using derivatives during the reporting
period. Disclosing information about credit-risk-related contingent features
should provide information on the potential effect on an entity’s liquidity from
using derivatives.  The provisions of SFAS 161 are effective for
fiscal years beginning after November 15, 2008.  SFAS 161 will be
effective for the Company on January 1, 2009.  The Company is
currently evaluating the impact of the adoption of SFAS 161 may have on its
consolidated financial statement disclosures.
  In May
2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted
Accounting Principles (“SFAS No. 162”). SFAS 162 identifies a consistent
framework, or hierarchy, for selecting accounting principles to be used in
preparing financial statements that are presented in conformity with U.S.
generally accepted accounting principles for nongovernmental entities (the
“Hierarchy”). The Hierarchy within SFAS 162 is consistent with that previously
defined in the AICPA Statement on Auditing Standards No. 69, “The Meaning
of Present Fairly in Conformity With Generally Accepted Accounting
Principles” (“SAS 69”).
SFAS 162 is effective 60 days following the United States Securities and
Exchange Commission’s (the “SEC”) approval of the Public Company Accounting
Oversight Board amendments to AU Section 411, “The Meaning of Present
Fairly in Conformity With Generally Accepted Accounting Principles”. The
adoption of SFAS 162 will not have a material effect on the financial statements
because the Company has utilized the guidance within SAS 69.
 
 In May
2008, the FASB issued SFAS No. 163, “Accounting for Financial Guarantee
Insurance Contracts—an interpretation of FASB Statement No. 60 (“SFAS No.
163”). SFAS 163 requires recognition of an insurance claim liability prior to an
event of default when there is evidence that credit deterioration has occurred
in an insured financial obligation. SFAS 163 is effective for financial
statements issued for fiscal years beginning after December 15, 2008, and
all interim periods within those fiscal years. Early application is not
permitted. The Company’s adoption of SFAS 163 will not have a material effect on
the financial statements.
 In
December 2007, the EITF of the FASB reached a consensus on Issue
No. 07-1, Accounting for
Collaborative Arrangements(EITF 07-1). The EITF concluded on the
definition of a collaborative arrangement and that revenues and costs incurred
with third parties in connection with collaborative arrangements would be
presented gross or net based on the criteria in EITF 99-19 and other accounting
literature. Based on the nature of the arrangement, payments to or from
collaborators would be evaluated and its terms, the nature of the entity’s
business, and whether those payments are within the scope of other accounting
literature would be presented. Companies are also required to disclose the
nature and purpose of collaborative arrangements along with the accounting
policies and the classification and amounts of significant financial-statement
amounts related to the arrangements. Activities in the arrangement conducted in
a separate legal entity should be accounted for under other accounting
literature; however required disclosure under EITF 07-1 applies to the entire
collaborative agreement. This Issue is effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods
within those fiscal years, and is to be applied retrospectively to all periods
presented for all collaborative arrangements existing as of the effective date.
We do not expect this will have a significant impact on our financial
statements.
  In December 2007, the FASB issued SFAS
No. 141(R), Business
Combinations(SFAS No. 141(R)), which replaces SFAS No. 141, Business Combinations,
requires an acquirer to recognize the assets acquired, the liabilities assumed,
and any non-controlling interest in the acquiree at the acquisition date,
measured at their fair values as of that date, with limited exceptions. This
Statement also requires the acquirer in a business combination achieved in
stages to recognize the identifiable assets and liabilities, as well as the
non-controlling interest in the acquiree, at the full amounts of their fair
values.
  SFAS No. 141(R) makes various other amendments to
authoritative literature intended to provide additional guidance or to confirm
the guidance in that literature to that provided in this Statement. This
Statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual reporting
period beginning on or after December 15, 2008. We do not expect this will
have a significant impact on our financial statements.






9
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008





1.
            NATURE
      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Continued)





Recent
Accounting Pronouncements (Continued)




In
December 2007, FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements(SFAS No. 160), which amends
Accounting Research Bulletin No. 51, Consolidated Financial
Statements, to improve the relevance, comparability, and transparency of
the financial information that a reporting entity provides in its consolidated
financial statements. SFAS No. 160 establishes accounting and reporting
standards that require the ownership interests in subsidiaries not held by the
parent to be clearly identified, labeled and presented in the consolidated
statement of financial position within equity, but separate from the parent’s
equity. This statement also requires the amount of consolidated net income
attributable to the parent and to the non-controlling interest to be clearly
identified and presented on the face of the consolidated statement of income.
Changes in a parent’s ownership interest while the parent retains its
controlling financial interest must be accounted for consistently, and when a
subsidiary is deconsolidated, any retained non-controlling equity investment in
the former subsidiary must be initially measured at fair value. The gain or loss
on the deconsolidation of the subsidiary is measured using the fair value of any
non-controlling equity investment. The Statement also requires entities to
provide sufficient disclosures that clearly identify and distinguish between the
interests of the parent and the interests of the non-controlling owners. This
Statement applies prospectively to all entities that prepare consolidated
financial statements and applies prospectively for fiscal years, and interim
periods within those fiscal years, beginning on or after December 15, 2008.
We do not expect this will have a significant impact on our financial
statements.





In
February 2007, the FASB issued SFAS 159, The Fair Value Option for Financial
Assets and Financial Liabilities—Including an amendment of FASB Statement
No. 115(SFAS 159), which is effective for fiscal years beginning
after November 15, 2007. SFAS 159 permits the Company to choose to measure
many financial instruments and certain other items at fair value. The objective
is to improve financial reporting by providing entities with the opportunity to
mitigate volatility in reported earnings caused by measuring related assets and
liabilities differently without having to apply complex hedge accounting
provisions. SFAS 159 is expected to expand the use of fair value measurement,
which is consistent with the FASB’s long-term measurement objectives for
accounting for financial instruments. The Company adopted the provisions of this
statement on January 1, 2008. The Company did not elect the Fair Value option
for any of its financial assets or liabilities, and therefore, the adoption of
SFAS 159 had no impact on the Company’s financial position, results of
operations, or cash flows.




In
September 2006, the FASB issued SFAS No. 157, Fair Value Measurements(SFAS
157). SFAS 157 defines fair value, establishes a framework for measuring fair
value and enhances disclosures about fair value measures required under other
accounting pronouncements, but does not change existing guidance as to whether
or not an instrument is carried at fair value. SFAS No. 157 was effective
as of the beginning of the Company’s 2008 year. The provisions of SFAS 157 were
adopted January 1, 2008. In February 2008, the FASB staff issued Staff
Position No. 157-2 “Effective Date of FASB Statement No. 157” (FSP FAS
157-2). FSP FAS 157-2 delayed the effective date of SFAS 157 for nonfinancial
assets and nonfinancial liabilities, except for items that are recognized or
disclosed at fair value in the financial statements on a recurring basis (at
least annually). The provisions of FSP FAS 157-2 are effective for the Company’s
fiscal year beginning January 1, 2009.





SFAS 157
establishes a fair value hierarchy that prioritizes the inputs to valuation
techniques used to measure fair value. The hierarchy gives the highest priority
to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1 measurements) and the lowest priority to unobservable
inputs (Level 3 measurements). The three levels of the fair value hierarchy
under SFAS 157 are described below:





Level 1
            Unadjusted
      quoted prices in active markets that are accessible at the measurement
      date for identical, unrestricted assets or
  liabilities;




Level 2
            Quoted
      prices in markets that are not active, or inputs that are observable,
      either directly or indirectly, for substantially the full term of the
      asset or liability;




Level 3
            Prices
      or valuation techniques that require inputs that are both significant to
      the fair value measurement and unobservable (supported by little or no
      market activity).






2.
            GOING
      CONCERN





As shown
in the accompanying financial statements, the Company has incurred a net
operating loss of $117,252 from inception (January 18, 2002) through June 30,
2008.





The
Company is subject to those risks associated with development stage
companies.  The Company has sustained losses since inception and
additional debt or equity financing may be required by the Company to fund its
development activities and to support operations.  However, there is
no assurance that the Company will be able to obtain additional
financing.  Furthermore, there is no assurance that rapid
technological changes, changing customer needs and evolving industry standards
will enable the Company to introduce new products on a continual and timely
basis so that profitable operations can be attained.




10
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008






3.
            INVESTMENT




On May
18, 2007, the Company extended a $25,000 loan to Fliva, Inc. (Fliva) in exchange
for a convertible promissory note and a warrant agreement.  Under the
terms of the convertible promissory note agreement, the note accrues interest at
5% per annum and matures on May 18, 2009.  The note may be converted
into Fliva’s common stock upon default or upon certain other
conditions.  Under the terms of the warrant agreement, the Company has
the right to purchase 62,500 shares of Fliva’s common stock at $0.04 per share
upon certain triggering events.  The warrant agreement expires upon
the earlier of the warrant execution or May 18, 2011.





On
November 8, 2007, the Company converted the note receivable balance of $25,000
into 625,000 shares of Fliva’s common stock at the conversion rate of $0.04 per
share.  In addition, as consideration for converting the note
receivable, the warrants were exercised in exchange for accrued interest of $625
resulting in the Company receiving an additional 62,500 shares of Fliva’s common
stock for a total value of $27,500.





On
November 12, 2007, the Company exchanged its 687,500 shares of Fliva’s common
stock for 201,343 shares of common stock of Magic Cow, Inc. pursuant to a Share
Exchange Agreement between Fliva and Magic Cow, Inc.




4.
            FAIR VALUE
      ACCOUNTING




The
following table sets forth the Company’s financial assets and liabilities
measured at fair value by level within the fair value hierarchy. As required by
SFAS 157, assets and liabilities are classified in their entirety based on the
lowest level of input that is significant to the fair value
measurement.




Fair Value at June 30,
      2008Total
            
            
            Level
      1
            
            
            Level
      2
            
            
            Level
      3Assets:Investment
            
            $
            27,500
            
            
            $
            -
            
            
            $
            -
            
            
            $
            27,500$
            27,500
            
            
            $
            -
            
            
            $
            -
            
            
            $
            27,500Liabilities:$
            -
            
            
            $
            -
            
            
            $
            -
            
            
            $
            --
            
            
            
            
            
            
            
            
            
            
            
            -





The
Company’s investment in Magic Cow, Inc. is classified within Level 3 of the fair
value hierarchy because it is a privately held company with no market activity
or quoted prices.




5.
                ACCRUED
      EXPENSES




Accrued Wages and
Compensated Absences





The
Company currently does not have any employees.  The majority of
development costs and services have been provided to the Company by the founders
and outside, third-party vendors.  As such, there is no accrual for
wages or compensated absences as of June 30, 2008.








11
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008




6.
            CONVERTIBLE NOTE
      PAYABLE




On
January 4, 2008, the Company entered into a convertible promissory note
agreement to obtain a loan for $3,000. Under the terms of the promissory note
agreement, the principal and any unpaid accrued interest must be repaid by
January 4, 2009.  The note shall accrue interest at the rate of 10%
per annum. The note holder and the Company shall have the right from and after
March 4, 2008, and until the maturity date, to convert all or any portion of the
outstanding principal balance and any unpaid accrued interest into shares of the
Company’s common stock on the basis of $0.10 per share. The note may be prepaid
at any time, at the option of the Company, in whole or in part without
penalty.  Interest expense was $76 and $0 for the three months ended
June 30, 2008 and 2007, respectively. Interest expense was $149 and $0 for the
six months ended June 30, 2008 and 2007, respectively.




7.
            NOTE PAYABLE, RELATED
      PARTY




On April
15, 2008, the Company entered into a promissory note agreement to obtain a loan
for $13,000 with a major shareholder. Under the terms of the promissory note
agreement, the principal and any unpaid accrued interest is due and payable on
demand.  The note accrues interest at the rate of 10% per
annum.  The note may be prepaid at any time, at the option of the
Company, in whole or in part without penalty.  At June 30, 2008, the
principal balance is $10,000 and accrued interest is $275. Interest expense was
$275 and $0 for the three months ended June 30, 2008 and 2007, respectively.
Interest expense was $275 and $0 for the six months ended June 30, 2008 and
2007, respectively.




8.
            COMMON
      STOCK




The
Company is authorized to issue up to 50,000,000 shares of $0.001 par value
common stock and 5,000,000 shares of $0.001 par value preferred
stock.  Each share of common stock shall entitle the holder to one
vote, in person or by proxy, on any matter on which action of the stockholders
of this corporation is sought.  The holders of shares of preferred
stock shall have no right to vote such shares, with certain exceptions as
determined by the Board of Directors of this corporation or as otherwise
provided by the Nevada General Corporation Law, as amended from time to
time.





In
January 2002, the Company issued 6,000,000 shares of its common stock to its
founders in exchange for reimbursement of organizational costs and related
expenses.  The value of such costs and related expenses totaled
$6,000.





In
November 2002, the Company performed a private placement and issued 3,755,000
shares of common stock at $0.01 per share for an aggregate total of
$37,550.


On April
22, 2007, the Company effected a one for five (1:5) reverse stock split whereby
each share of the Company’s common stock outstanding was converted into 0.20 of
a share of the Company’s common stock.  Accordingly, the outstanding
common stock and per share amounts have been retroactively stated to reflect the
stock split within the Company’s financial statements, pursuant to SEC Staff
Accounting Bulletin, Topic 4C.





On May
18, 2007, the Company performed a private placement and issued 437,500 shares of
common stock at $0.08 per share for an aggregate total of $35,000.





On May
31, 2007, the Company performed a private placement and issued 218,750 shares of
common stock at $0.08 per share for an aggregate total of $17,500.





On June
7, 2007, the Company performed a private placement and issued 268,750 shares of
common stock at $0.08 per share for an aggregate total of $21,500.





In July
2007, the Company submitted its Registration Statement on Form SB-2 for the
registration of 1,025,000 shares of its outstanding common stock.  On
August 6, 2007, the Company’s registration statement was declared effective by
the Securities and Exchange Commission.




9.
            PROVISION FOR INCOME
      TAXES




As of
June 30, 2008, the Company has recognized the minimum amount of franchise tax
required under California corporation law of $800.  The Company is not
currently subject to further federal or state tax since it has incurred losses
since its inception.





As of
June 30, 2008, the Company had federal and state net operating loss
carryforwards of approximately $116,000, which can be used to offset future
federal income tax.  The federal and state net operating loss
carryforwards expire at various dates through 2028.  Deferred tax
assets resulting from the net operating losses are reduced by a valuation
allowance, when, in the opinion of management, utilization is not reasonably
assured.





As of
June 30, 2008, the Company had the following deferred tax assets related to net
operating losses.  A 100% valuation allowance has been established, as
management believes it is more likely than not that the deferred tax assets will
not be realized:








Federal
      net operating loss (at 25%)
            
            $
            29,000State
      net operating loss (at 8.84%)
            
            
            10,00039,000Less:
      valuation allowance
            
            
            (39,000
            )$
            -





The
Company’s valuation allowance increased by approximately $16,900 during the six
months ended June 30, 2008.





12
 SN
STRATEGIES CORP.
 (A
Development Stage Company)
 NOTES
TO UNAUDITED FINANCIAL STATEMENTS
 JUNE
30, 2008




10.
            RELATED PARTY
      TRANSACTIONS




From the
Company’s inception through September 30, 2007, the Company utilized office
space of an officer and stockholder of the Company at no charge.  The
Company treated the usage of the office space as additional paid-in capital and
charged the estimated fair value rent of $100 per month to
operations.  The Company recorded total rent expense related to this
arrangement totaling $0 and $600 for the six months ended June 30, 2008 and
2007, respectively.





From
October 1, 2007, through June 30, 2008, the Company utilized office space of an
officer and stockholder of the Company in exchange for $1,000 per
month.  Rent expense related to the arrangement totaled $6,000 for the
six months ended June 30, 2008.




11.
            DISCONTINUED
      OPERATIONS




In 2007,
the Company abandoned its waterproof and protective cast cover
business.  A loss on operations for this business has been
reclassified and presented as a single line item in the statements of
operations.




12.
            SUBSEQUENT
      EVENTS





On July
9, 2008, the Company entered into a promissory note agreement to obtain a loanfor $4,500 from a major shareholder. Under the terms of the
promissory note agreement, the principal and any unpaid accrued interest shall
be due and payable on demand.  The note shall accrue interest at the
rate of 10% per annum.  The note may be prepaid at any time, at the
option of the Company, in whole or in part without penalty.








13







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





This
following information specifies certain forward-looking statements of management
of the company. Forward-looking statements are statements that estimate the
happening of future events and are not based on historical fact. Forward-looking
statements may be identified by the use of forward-looking terminology, such as
“may”, “shall”, “could”, “expect”, “estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”, “continue”, or similar terms,
variations of those terms or the negative of those terms. The forward-looking
statements specified in the following information have been compiled by our
management on the basis of assumptions made by management and considered by
management to be reasonable. Our future operating results, however, are
impossible to predict and no representation, guaranty, or warranty is to be
inferred from those forward-looking statements.





The
assumptions used for purposes of the forward-looking statements specified in the
following information represent estimates of future events and are subject to
uncertainty as to possible changes in economic, legislative, industry, and other
circumstances. As a result, the identification and interpretation of data and
other information and their use in developing and selecting assumptions from and
among reasonable alternatives require the exercise of judgment. To the extent
that the assumed events do not occur, the outcome may vary substantially from
anticipated or projected results, and, accordingly, no opinion is expressed on
the achievability of those forward-looking statements. We cannot guaranty that
any of the assumptions relating to the forward-looking statements specified in
the following information are accurate, and we assume no obligation to update
any such forward-looking statements.





Critical Accounting Policies and
Estimates.Our Management’s Discussion and Analysis of Financial
Condition and Results of Operations section discusses our financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States of America. The preparation of these financial
statements requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. On an on-going basis, management evaluates its estimates and
judgments, including those related to revenue recognition, accrued expenses,
financing operations, and contingencies and litigation. Management bases its
estimates and judgments on historical experience and on various other factors
that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying value of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates under different assumptions or conditions. The most
significant accounting estimates inherent in the preparation of our financial
statements include estimates as to the appropriate carrying value of certain
assets and liabilities which are not readily apparent from other
sources.





These
accounting policies are described at relevant sections in this discussion and
analysis and in the notes to the financial statements included in our Annual
Report on Form 10-Q for the three months ended June 30, 2008.





Liquidity and Capital Resources.We had cash of $868 and prepaid expense of $1,250 as of June 30, 2008,
which equals $2,118, our total current assets as of that date. Our total assets
of $29,618 as of June 30, 2008, included our current assets of $2,118, and other
assets which are comprised of an investment of $27,500. That investment is
represented by the 201,343 shares of common stock that we now own of Magic Cow,
Inc.





From May
to June 2007, we raised $74,000 in a private placement in exchange for 925,000
shares of our common stock. We used a significant portion of those proceeds for
the loan to Fliva, Inc. Specifically, we entered into a convertible promissory
note and warrant agreement with Fliva, Inc. pursuant to which we loaned $25,000
to Fliva, Inc. in exchange for the right to convert those funds into shares of
common stock of Fliva, Inc. and the right to purchase additional shares of
common stock of Fliva, Inc. On November 8, 2007, we converted the note
receivable balance of $25,000 into 625,000 shares of Fliva’s common stock at the
conversion rate of $0.04 per share.  In addition, as consideration for
converting the note receivable, the warrants were exercised in exchange for
accrued interest of $625 resulting in us receiving an additional 62,500 shares
of Fliva’s common stock.  On November 12, 2007, Fliva, Inc. was
acquired by Magic Cow, Inc. pursuant to a Share Exchange Agreement, which
resulted in our 687,500 shares of common stock of Fliva, Inc. being exchanged
for 201,343 shares of common stock of Magic Cow, Inc.  We believe that
the relationship with Fliva and Magic Cow, Inc. will assist us in the
development of our products because the management and development teams are
very experienced in the internet industry.





On January 4, 2008, we entered into a
convertible promissory note for $3,000 with one of our minority shareholders.
The note bears interest of 10% and has a maturity date of January 1, 2009. The
conversion price is $0.10 per share. On April 15, 2008, we entered into a
promissory note agreement to obtain a loan for $13,000 from one of our principal
shareholders. On July 9, 2008, we entered into a promissory note agreement to
obtain a loan for $4,500 from the same principal shareholder. Under the terms of
those promissory note agreements, the principal and any unpaid accrued interest
shall be due and payable on demand.  The notes accrue interest at the
rate of 10% per annum.  We used those funds for working
capital.





Our
current liabilities were $52,713 as of June 30, 2008, which was represented by
accounts payable of $35,913, income taxes payable of $800, $3,000 represented by
a convertible note payable and $13,000 of note payable to the related
party.  We had no other liabilities and no long term commitments or
contingencies as of June 30, 2008.





During
2008, we expect to incur significant accounting costs associated with the audit
and review of our financial statements. We expect that the legal and accounting
costs of being a public company will continue to impact our liquidity and we
will need to obtain funds to pay those expenses. Other than the anticipated
increases in legal and accounting costs due to the reporting requirements of
being a reporting company, we are not aware of any other known trends, events or
uncertainties, which may affect our future liquidity. We had no long term
liabilities, commitments or contingencies.





In July
2007, we filed a Registration Statement on Form SB-2 for the registration of
1,025,000 shares of our issued and outstanding common stock.  On
August 6, 2007, our registration statement was declared effective by the
Securities and Exchange Commission.  The purpose of the SB-2 was to
register shares of common stock held by our existing shareholders.




14




Results
of Operations.





For the three months ended
June 30, 2008 as compared to the three months ended June 30,
2007.





Revenues. We had revenues of
$5,799 for the three months ended June 30, 2008, as compared to no revenues for
the three months ended June 30, 2008.  Those revenues are related to
services that we provide to a sales and marketing company. We hope to generate
more significant revenues as continue operations and implement our business
plan.





Operating Expenses.For the
three months ended June 30, 2008, our total operating expenses were $14,386, as
compared to $15,827 of total operating expenses for the three months ended June
30, 2007. For the three months ended June 30, 2008, we had legal and
professional expenses of $5,500, dues and fees of $3,230, rent of $3,000 and
general and administrative expenses of $2,656. In comparison, for the three
months ended June 30, 2007, we had legal and professional expenses of $12,735,
dues and fees expenses of $2,737, rent expenses of $300 and general and
administrative expenses of $55. A significant portion of our total operating
expenses is legal and professional fees, which is attributed to the increased
legal expenses and accounting expenses related to the audit and review of our
financial statements and other expenses related to being a public company. We
expect that we will continue to incur significant legal and accounting expenses
related to being a public company.





Other Income.For
the three months ended June 30, 2008, we also had other expense of $351, which
was interest from the convertible promissory note for $3,000 with one of our
minority shareholders and the notes payable to our major shareholder.We had other income of $153 for the
three months ended June 30, 2007, all of which was represented by our note from
Fliva, Inc.





Net Income or
Loss.For the three months ended June 30, 2008, our net loss
was $8,938.  This is in comparison to the three months ended June 30,
2007, where our net loss was $15,674. The decrease in our net loss for three
months ended June 30, 2008, was due to the fact that we generated revenues
during the period as compared no revenues during the Three months June 30, 2007.
We expect to continue to incur net losses for the foreseeable future and until
we generate more significant revenues.




For the six months ended
June 30, 2008 as compared to the six months ended June 30,
2007.





Revenues. We had revenues of
$8,761 for the six months ended June 30, 2008, as compared to no revenues for
the six months ended June 30, 2008.  Those revenues are related to services
that we provide to a sales and marketing company. We hope to generate more
significant revenues as continue operations and implement our business
plan.





Operating Expenses.For the
six months ended June 30, 2008, our total operating expenses were $44,507, as
compared to $16,127 of total operating expenses for the six months ended June
30, 2007. The increase in total operating expenses is primarily due to the
increase in professional fees, which is attributed to the increased legal
expenses and accounting expenses related to the audit and review of our
financial statements and other expenses related to being a public company. We
expect that we will continue to incur significant legal and accounting expenses
related to being a public company. For the six months ended June 30, 2008, we
had legal and professional expenses of $27,228, dues and fees of $7,162, rent of
$6,000 and general and administrative expenses of $4,117. In comparison, for the
six months ended June 30, 2007, we had legal and professional expenses of
$12,735, dues and fees expenses of $2,737, rent expenses of $600 and general and
administrative expenses of $55.





Other Income.For
the six months ended June 30, 2008, we also had other expense of $424, which was
interest from the convertible promissory note with one of our minority
shareholders and the notes payable to our major shareholder.We had other income of $153 for the three months ended June 30, 2007, all
of which was represented by our note from Fliva, Inc.





Net Income or
Loss.For the six months ended June 30, 2008, our loss from
continuing operations was $36,170, and after provision for income taxes of $800,
our net loss was $36,970.  This is in comparison to the six months
ended June 30, 2007, where our loss from continuing operations was $15,974, and
after provision for income taxes of $800, our net loss was $16,774. The increase
in our net loss for six months ended June 30, 2008, was due an increase in
operating expenses between the two periods as a result of being a public
company. We expect to continue to incur net losses for the foreseeable future
and until we generate significant revenues.






15




Our Plan of Operation for the Next
Twelve Months.  To effectuate our business plan and continue
operations during the next twelve months, we need to raise additional funds.
During the next three to six months, our primary objective is to begin several
blogs which provide commentary on the dining and entertainment in various cities
and geographic areas. We believe that we will need to spend approximately
$10,000 to start blogs in several cities and geographic areas. Part of our
business strategy is to pay bloggers with shares of our common stock and/or
stock options pursuant to a stock option plan. Therefore, we believe that our
ability to entice potential new bloggers to work for us is greatly enhanced now
that our common stock is eligible for quotation on the OTC Bulletin Board. We
believe that we will access to developers who can help us develop our widgets
and blogs.  We also intend to look for opportunities to work with
other companies that will assist us in our development.





During
the next six to twelve months, we need to build our user base, monetize our user
base and begin generating revenues. In addition, in order to market and promote
our services, we will need to raise significant capital. Our failure to market
and promote our services will hinder our ability to increase the size of our
operations and generate revenues. If we are not able to generate additional
revenues that cover our estimated operating costs, our business may ultimately
fail.


We
believe that the current marketplace of Internet companies that specialize in
developing social networking applications is highly fragmented, with literally
hundreds of companies located throughout the country. As such, we believe that
there is an opportunity for a publicly company to acquire several, smaller and
more established Internet companies with already-established social networking
applications. Accordingly, we intend to begin researching potential acquisitions
or other suitable business partners which will assist us in realizing our
business objectives. As of the date of this report, we have not identified any
potential acquisition candidates. We hope to use our common stock as payment for
any potential acquisitions. We cannot guaranty that we will acquire any other
third party, or that in the event that we acquire another entity, this
acquisition will increase the value of our common stock. Our acquisition
strategy is designed to complement our core business of developing our own
social networking applications.


We have
cash of $868 as of June 30, 2008. In the opinion of management, available funds
will not satisfy our working capital requirements for the next twelve months.
Our forecast for the period for which our financial resources will be adequate
to support our operations involves risks and uncertainties and actual results
could fail as a result of a number of factors.  We intend to pursue
capital through public or private financing as well as borrowings and other
sources, such as our officers, director and principal shareholders. We cannot
guaranty that additional funding will be available on favorable terms, if at
all. If adequate funds are not available, we hope that our officers, director
and principal shareholders will contribute funds to pay for our expenses to
achieve our objectives over the next twelve months. We hope we will be able to
raise additional funds from some of our current shareholders now that we are
eligible for quotation on the OTC Bulletin Board.





We are
not currently conducting any research and development activities other than the
development of our website which we expect the total cost to be approximately
$1,500. We do not anticipate that we will purchase or sell any significant
equipment. In the event that we generate significant revenues and expand our
operations, then we may need to hire additional employees or independent
contractors as well as purchase or lease additional equipment.





Because
we have limited operations and assets, we may be considered a shell company as
defined in Rule 12b-2 of the Securities Exchange Act of 1934. Accordingly, we
have checked the box on the cover page of this report that specifies we are a
shell company.





Off-Balance Sheet Arrangements.We have no off-balance sheet arrangements.






16





Item 3. Quantitative and
Qualitative Disclosures about Market Risk




Not
applicable.




Item 4. Controls and
Procedures





Evaluation of disclosure controls and
procedures. We maintain controls and procedures designed to ensure that
information required to be disclosed in the reports that we file or submit under
the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the rules and forms of the
Securities and Exchange Commission. Based upon their evaluation of those
controls and procedures performed as of June 30, 2008, the date of this report,
our chief executive officer and the principal financial officer concluded that
our disclosure controls and procedures were effective.





Item 4(T). Controls and
Procedures.





Changes in internal controls.There were no changes in our internal control over financial reporting
that occurred during the fiscal quarter covered by this report that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.





PART
II — OTHER INFORMATION





Item 1. Legal
Proceedings.





None.





Item 1A. Risk
Factors.





Not
applicable.





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





None.





Item 3.  Defaults
Upon Senior Securities





None.





Item
4.  Submission of Matters to Vote of Security
Holders





None.





Item 5.  Other
Information





None.





Item
6.  Exhibits




31.  Rule 13a-14(a)/15d-14(a)
Certifications.


32.  Section 1350
Certifications.






17





SIGNATURES





In
accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.








SN
      Strategies Corp.,a
      Nevada corporationAugust
      13, 2008
            By:
            /s/ Michael
      HawksMichael
      HawksIts:
            Principal
      executive officerPrincipal
      accounting officerPresident,
      CEO, Secretary and a director












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