**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-Q**

| x  | Quarterly                report pursuant to 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 Exchange                Act |
|---------|-----------------------------------------------------------------------------------------------------|

|   | For                the transition period from _____________ to                _____________ |
|--------|---------------------------------------------------------------------------------------------|

| **SECURE                AMERICA ACQUISITION CORPORATION**                                 |
|-------------------------------------------------------------------------------------------|
| (Exact                Name of Registrant as Specified in Its                Charter) |

| Delaware                                                                                    | 26-0188408                                                        |
|---------------------------------------------------------------------------------------------|-------------------------------------------------------------------|
| (State                or other Jurisdiction ofIncorporation                or Organization) | (I.R.S.                EmployerIdentification                No.) |

| 1005                North Glebe Road, Suite 550                                    |
|------------------------------------------------------------------------------------|
| Arlington,                Virginia 22201                                           |
| (Address                of Principal Executive Office)                             |
|                                                                               |
| (703)                528-7073                                                      |
| (Registrant's                Telephone Number, Including Area                Code) |

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

----

**SECURE      AMERICA ACQUISITION CORPORATION**

**INDEX      TO FORM 10-Q**

|              |                                                                                                                                                                                                                                                                                                                                                                               |   | **PAGE** |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| **PART I.**  | **FINANCIAL                INFORMATION**                                                                                                                                                                                                                                                                                                                                           |   |     |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 1.      | Financial                Statements                                                                                                                                                                                                                                                                                                                                                |   |     |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
|              | Condensed                Balance Sheet as of June 30, 2008 (unaudited) and as of December                31,                2007                                                                                                                                                                                                                                                   |   | 1        |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
|              | Condensed                Statements of Operations (unaudited) for the three months ended June                30,                2008, the six months ended June 30, 2008, the period from May 14,                2007                (date of inception) to June 30, 2007, and for the period from May                14, 2007                (date of inception) to June 30, 2008 |   | 2        |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
|              | Condensed                Statement of Stockholders’ Equity (unaudited) for the period from May 14,                2007 (date of inception) to June 30, 2008                                                                                                                                                                                                                  |   | 3        |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
|              | Condensed                Statements of Cash Flows (unaudited) for the six months ended June                30,                2008, the period from May 14, 2007 (date of inception) to June 30,                2007,                and for the period from May 14, 2007 (date of inception) to June                30,                2008                                       |   | 4        |
|         |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
|              | Notes                to Condensed Financial Statements                                                                                                                                                                                                                                                                                                                             |   | 5        |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 2.      | Management’s                Discussion and Analysis of Financial Condition and Results of                Operations                                                                                                                                                                                                                                                          |   | 12       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 3.      | Quantitative                and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                          |   | 15       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 4T.     | Controls                and Procedures                                                                                                                                                                                                                                                                                                                                             |   | 15       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| **PART II.** | **OTHER                INFORMATION**                                                                                                                                                                                                                                                                                                                                               |   |     |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 1.      | Legal                Proceedings                                                                                                                                                                                                                                                                                                                                                   |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 1A.     | Risk                Factors                                                                                                                                                                                                                                                                                                                                                        |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 2.      | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                                                                                                                                                                                         |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 3.      | Defaults                Upon Senior Securities                                                                                                                                                                                                                                                                                                                                     |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 4.      | Submission                of Matters to a Vote of Security Holders                                                                                                                                                                                                                                                                                                                 |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 5.      | Other                Information                                                                                                                                                                                                                                                                                                                                                   |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| Item 6.      | Exhibits                                                                                                                                                                                                                                                                                                                                                                           |   | 16       |
|              |                                                                                                                                                                                                                                                                                                                                                                               |   |     |
| **SIGNATURES**    |                                                                                                                                                                                                                                                                                                                                                                               | 17     |

----

**PART      I - FIN****ANCIAL      INFORMATION**

**Item      1. Financial Statements**

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage)**

**CONDENSED      BALANCE SHEET**

|                                                                                                                                                                                                                           |   | **June 30, 2008****(unaudited)** |       | **December 31, 2007 ** |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|------------|---------------------------------------|--------|
|                                                                                                                                                                                                                           |   |                                       |       |                                  |   |
| **Assets**                                                                                                                                                                                                                     |   |                                       |       |                                  |   |   |   |
| Current                assets:                                                                                                                                                                                                 |   |                                       |       |                                  |   |   |   |
| ** **Cash                                                                                                                                                                                                                 |   | $                                          | 25,500     |                                  | $      | 6,867 |   |
| ** **Investments                held in Trust Fund                                                                                                                                                                        |   |                                       | 79,316,121 |                                  |   | 79,466,371 |   |
| ** **Prepaid                expenses                                                                                                                                                                                      |   |                                       | 57,309     |                                  |   | 95,015 |   |
| ** **Prepaid                income tax                                                                                                                                                                                    |   |                                       | 67,006     |                                  |   | - |   |
| Total                current assets                                                                                                                                                                                            |   |                                       | 79,465,936 |                                  |   | 79,568,253 |   |
| Deferred                acquisition costs                                                                                                                                                                                      |   |                                       | 100,000    |                                  |   | - |   |
| Deferred                tax asset                                                                                                                                                                                              |   |                                       | 91,222     |                                  |   | 26,058 |   |
| **Total                assets**                                                                                                                                                                                                |   |                                       | 79,657,158 |                                  |   | 79,594,311 |   |
|                                                                                                                                                                                                                           |   |                                       |       |                                  |   |   |   |
| **Liabilities                and Stockholders’ Equity**                                                                                                                                                                  |   |                                       |       |                                  |   |   |   |
| Current                liabilities:                                                                                                                                                                                            |   |                                       |       |                                  |   |   |   |
| Accrued                expenses                                                                                                                                                                                                |   | $                                          | 82,508     |                                  | $      | 47,274 |   |
| Accounts                payable                                                                                                                                                                                                |   |                                       | -          |                                  |   | 33,005 |   |
| Deferred                underwriters’ discounts and commissions                                                                                                                                                          |   |                                       | 3,200,000  |                                  |   | 3,200,000 |   |
| Note                payable to stockholder                                                                                                                                                                                     |   |                                       | -          |                                  |   | 50,000 |   |
| Total                current liabilities                                                                                                                                                                                       |   |                                       | 3,282,508  |                                  |   | 3,528,661 |   |
|                                                                                                                                                                                                                           |   |                                       |       |                                  |   |   |   |
| Common                subject to possible conversion, 2,999,999                shares at conversion value                                                                                                                      |   |                                       | 22,799,992 |                                  |   | 22,799,992 |   |
|                                                                                                                                                                                                                           |   |                                       |       |                                  |   |   |   |
|  **Commitment**                                                                                                                                                                                                           |   |                                       |       |                                  |   |   |   |
|                                                                                                                                                                                                                           |   |                                       |       |                                  |   |   |   |
| **Stockholders'                equity**                                                                                                                                                                                        |   |                                       |       |                                  |   |   |   |
| Preferred                stock, $.0001 par value, Authorized 1,000,000 shares; none issued                and                outstanding                                                                                       |   |                                       | -          |                                  |   | - |   |
| Common                stock, $.0001 par value, Authorized 50,000,000 shares; 12,500,000                shares                issued and outstanding (including 2,999,999 shares subject to possible                conversion) |   |                                       | 1,250      |                                  |   | 1,                250 |   |
| Additional                paid-in capital                                                                                                                                                                                      |   |                                       | 52,985,665 |                                  |   | 52,985,665 |   |
| Income                accumulated during the development stage                                                                                                                                                                 |   |                                       | 587,743    |                                  |   | 278,743 |   |
| **Total                stockholders' equity**                                                                                                                                                                                  |   |                                       | 53,574,658 |                                  |   | 53,265,658 |   |
| **Total                liabilities and stockholders' equity**                                                                                                                                                                  |   | $                                          | 79,657,158 |                                  | $      | 79,594,311 |   |

*See      Notes to Unaudited Condensed Financial Statements.*

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage)**

**CONDENSED      STATEMENT OF OPERATIONS**

**(unaudited)**

|                                                                                                        |   | **For the Three****Months Ended****June 30, 2008** |       | **For the Six****Months Ended****June 30, 2008** |   | **For the Period****May 14, 2007****(inception) to****June 30, 2007** |   | **For the Period****May 14, 2007****(inception) to****June 30, 2008** |      |
|-------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|------------|---------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|-----------|
| Income:                                                                                                     |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Net                interest Income                                                                          |   |                                                                        | 335,573    |                                                                      |   | 894,755                                                                                                  |   |                                                                                                     | -         |   |   | 1,441,132 |   |
| Total                Income                                                                                 |   |                                                                        | 335,573    |                                                                      |   | 894,755                                                                                                  |   |                                                                                                     | -         |   |   | 1,441,132 |   |
|                                                                                                        |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Expenses:                                                                                                   |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Formation                and operating costs                                                                |   |                                                                        | 258,828    |                                                                      |   | 391,307                                                                                                  |   |                                                                                                     | 2,670     |   |   | 486,617 |   |
|                                                                                                        |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Net                income (loss) for the period before income taxes                                         |   |                                                                        | 76,745     |                                                                      |   | 503,448                                                                                                  |   |                                                                                                     | (2,670    | ) |   | 954,515 |   |
|                                                                                                        |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
|                  State and federal income taxes                                                        |   |                                                                        | 30,812     |                                                                      |   | 194,448                                                                                                  |   |                                                                                                     | -         |   |   | 366,772 |   |
|                                                                                                        |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Net                income for the period                                                                    |   | $                                                                           | 45,933     |                                                                      | $      | 309,000                                                                                                  |   | $                                                                                                        | (2,670    | ) | $ | 587,743 |   |
|                                                                                                        |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Weighted                average number of shares outstanding – basic and                diluted  |   |                                                                        | 12,500,000 |                                                                      |   | 12,500,000                                                                                               |   |                                                                                                     | 2,500,000 |   |   | 8,442,029 |   |
|                                                                                                        |   |                                                                        |       |                                                                      |   |                                                                                                     |   |                                                                                                     |      |   |   |   |   |
| Net                income per share – basic and diluted                                               |   | $                                                                           | .00        |                                                                      | $      | .02                                                                                                      |   | $                                                                                                        | (.00      | ) | $ | .07 |   |

*See      Notes to Unaudited Condensed Financial Statements.*

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage)**

**CONDENSED      STATEMENT OF STOCKHOLDERS' EQUITY**

**For      the period from May 14, 2007 (inception) to June 30, 2008**

|                                                                                                                                                                                                                                               |   |                  |       |        |   | **Addition**    |   | **Income****Accumulated****During the** |                          |       |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|------------|-------------|--------|-----------------|--------|----------------------------------------------|-------------------------------|------------|--------|
|                                                                                                                                                                                                                                               |   | **Common Stock** |       | **Paid-in** |   | **Development** |   | **Stockholders’**                      |                          |
|                                                                                                                                                                                                                                               |   | **Shares**            |       | **Amount**  |   | **capital**     |   | **Stage**                                    |                          | **Equity** |   |
| Common                  shares issued May 14, 2004 at $.01 per share                                                                                                                                                                               |   |                  | 2,500,000  |        | $      | 250             |   | $                                            | 24,750                        |       |   | - |   | $ | 25,000 |   |
| Common                  shares issued October 29, 2007, par value $0.0001, net of underwriters’                  discount and offering expenses (includes 2,999,999 shares subject                  to                  possible conversion) |   |                  | 10,000,000 |        |   | 1,000           |   |                                         | 73,685,907                    |       |   | - |   |   | 73,686,907 |   |
| Proceeds                  from private placement of Founder Warrants                                                                                                                                                                               |   |                  | -          |        |   | -               |   |                                         | 2,075,000                     |       |   | - |   |   | 2,075,000 |   |
| Proceeds                  subject to possible conversion of 2,999,999 shares                                                                                                                                                                       |   |                  | -          |        |   | -               |   |                                         | (                  22,799,992 | )          |   | - |   |   | (                  22,799,992 | ) |
| Net                  Income                                                                                                                                                                                                                        |   |                  | -          |        |   | -               |   |                                         | -                             |       |   | 278,743 |   |   | 278,743 |   |
| Balance                  at December 31, 2007                                                                                                                                                                                                      |   |                  | 12,500,000 |        |   | 1,250           |   |                                         | 52,985,665                    |       |   | 278,743 |   |   | 53,265,658 |   |
| **Unaudited:**                                                                                                                                                                                                                                     |   |                  |       |        |   |            |   |                                         |                          |       |   |   |   |   |   |   |
| Net                  Income                                                                                                                                                                                                                        |   |                  | -          |        |   | -               |   |                                         | -                             |       |   | 309,000 |   |   | 309,000 |   |
| Balance                  at June 30, 2008                                                                                                                                                                                                          |   |                  | 12,500,000 |        | $      | 1,250           |   | $                                            | 52,985,665                    |       | $      | 587,743 |   | $ | 53,574,658 |   |

*See      Notes to Unaudited Condensed Financial Statements.*

----

**SECURE      AMERICA ACQUISITION CORPORATION**

**(a      Corporation in the Development Stage)**

**CONDENSED      STATEMENT OF CASH FLOWS**

**(unaudited)**

|                                                                                                      |   | **For the period****January 1, 2008****to June 30, 2008** |      | **For the****period****May 14, 2007****(inception) to****June 30, 2007** |   | **For the****period****May 14, 2007****(inception) to****June 30, 2008** |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|--------|
| **Cash                flows from operating activities**                                                   |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Net                income (loss)                                                                          |   | $                                                                                            | 309,000   |                                                                                                   | $      | (2,670                                                                                                 | )      | $ | 587,743 |   |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Interest                income on U.S. government securities money market                                 |   |                                                                                         | (894,750  | )                                                                                                      |   | -                                                                                                      |   |   | (1,441,121 | ) |
| Deferred                income taxes                                                                      |   |                                                                                         | (65,164   | )                                                                                                      |   | -                                                                                                      |   |   | (91,222 | ) |
| Decrease                (increase) in prepaid expenses                                                    |   |                                                                                         | 37,706    |                                                                                                   |   | -                                                                                                      |   |   | (57,309 | ) |
| Increase                (decrease) in accounts payable                                                    |   |                                                                                         | (1,101    | )                                                                                                      |   | -                                                                                                      |   |   | - |   |
| Increase                in accrued expenses                                                               |   |                                                                                         | 35,234    |                                                                                                   |   | -                                                                                                      |   |   | 82,508 |   |
| Increase                (decrease) in income taxes payable                                                |   |                                                                                         | (265,568  | )                                                                                                      |   | -                                                                                                      |   |   | (67,006 | ) |
| **Net                cash used in operating activities**                                                  |   |                                                                                         | (844,463  | )                                                                                                      |   | (2,670                                                                                                 | )      |   | (986,407 | ) |
|                                                                                                      |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| **Cash                flows from investing activities**                                                   |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Investments                deposited in trust account                                                     |   |                                                                                         | -         |                                                                                                   |   | -                                                                                                      |   |   | (79,200,000 | ) |
| Interest                drawn from trust account                                                          |   |                                                                                         | 1,045,000 |                                                                                                   |   | -                                                                                                      |   |   | 1,325,000 |   |
| Payment                of deferred acquisition costs                                                      |   |                                                                                         | (100,000  | )                                                                                                      |   | -                                                                                                      |   |   | (100,000 | ) |
| **Net                cash provided by (used in) investing activities**                                    |   |                                                                                         | 945,000   |                                                                                                   |   | -                                                                                                      |   |   | (77,975,000 | ) |
|                                                                                                      |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| **Cash                flows from financing activities**                                                   |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Gross                proceeds of public offering                                                          |   |                                                                                         | -         |                                                                                                   |   | -                                                                                                      |   |   | 80,000,000 |   |
| Proceeds                from private placement of Founder Warrants                                        |   |                                                                                         | -         |                                                                                                   |   | -                                                                                                      |   |   | 2,075,000 |   |
| Proceeds                from notes payable, stockholder                                                   |   |                                                                                         | -         |                                                                                                   |   | 150,000                                                                                                |   |   | 215,000 |   |
| Payment                of note payable, stockholder                                                       |   |                                                                                         | (50,000   | )                                                                                                      |   | -                                                                                                      |   |   | (215,000 | ) |
| Proceeds                from sale of shares of common stock                                               |   |                                                                                         | -         |                                                                                                   |   | 25,000                                                                                                 |   |   | 25,000 |   |
| Payment                of costs related to proposed offering                                              |   |                                                                                         | (31,904   | )                                                                                                      |   | (119,043                                                                                               | )      |   | (3,113,093 | ) |
| **Net                cash (used in) provided by financing activities**                                    |   |                                                                                         | (81,904   | )                                                                                                      |   | 55,957                                                                                                 |   |   | 78,986,907 |   |
|                                                                                                      |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| **Net                increase in cash**                                                                   |   |                                                                                         | 18,633    |                                                                                                   |   | 53,287                                                                                                 |   |   | 25,500 |   |
| **Cash                at beginning of the period**                                                        |   |                                                                                         | 6,867     |                                                                                                   |   | -                                                                                                      |   |   | - |   |
| **Cash                at the end of the period**                                                          |   | $                                                                                            | 25,500    |                                                                                                   | $      | 53,287                                                                                                 |   | $ | 25,500 |   |
|                                                                                                      |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Non                cash investing activities:                                                             |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Accrual                of deferred underwriters’ discounts and commissions                          |   |                                                                                         | -         |                                                                                                   |   | -                                                                                                      |   | $ | 3,200,000 |   |
|                                                                                                      |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Supplemental                schedule of cash flows information:                                           |   |                                                                                         |      |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Cash                paid during the period for income taxes                                               |   | $                                                                                            | 525,000   |                                                                                                   |   | -                                                                                                      |   | $ | 525,000 |   |

*See      Notes to Unaudited Condensed Financial Statements.*

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage) **

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**1.      Basis of Presentation **

**2.      Organization and Business Operations **

The      Company was incorporated in Delaware on May 14, 2007 as a blank check company      for the purposes of acquiring, or acquiring control of, through a merger,      capital stock exchange, asset acquisition or other similar business combination,      one or more domestic or international operating businesses (“Business      Combination”). The Company’s efforts in identifying a prospective target      business will be limited to the homeland security industry, but not businesses      that design, build or maintain mission-critical facilities. 

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage) **

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**2.      Organization and Business Operations – (continued)**

| Contribution                to trust               |   | 79,200,000 |   |
|----------------------------------------------------|--------|------------|--------|
| Interest                income received            |   | 1,441,121  |   |
| Withdrawals                to fund loan repayments |   | (150,000   | )      |
| Withdrawals                to fund income taxes    |   | (525,000   | )      |
| Withdrawals                to fund operations (a)  |   | (650,000   | )      |
| Total                investments held in trust     |   | 79,316,121 |   |

|  | (a) | amount                is limited to $1,000,000. |
|--|-----|-------------------------------------------------|

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage) **

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**2.      Organization and Business Operations – (continued)**

*Income      Per Share —*

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage) **

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**2.      Organization and Business Operations – (continued) **

*New      Accounting Pronouncements — *

**3.      Initial Public Offering **

rata      basis, to      pay converting stockholder (as described in Note 1). The Company has included      $3,200,000 in deferred underwriters’ discounts and commissions on the      accompanying balance sheet.

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage) **

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**4.      Deferred Underwriters’ Discounts and Commissions **

**5.      Commitments and Related Party Transactions **

----

**SECURE      AMERICA ACQUISITION CORPORATION**

**(a      Corporation in the Development Stage)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**5.      Commitments and Related Party Transactions – (continued)**

----

**SECURE      AMERICA ACQUISITION CORPORATION **

**(a      Corporation in the Development Stage) **

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**6.      Preferred Stock **

**7.      Deferred Acquisition Costs**

----

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

**Forward      Looking Statements**

*This        Quarterly Report on Form 10-Q, including, without limitation, Management’s        Discussion and Analysis of Financial Condition and Results of Operations,        contains ‘‘forward-looking statements’’ within the meaning of Section 27A        of the Securities Act, as amended, and Section 21E of the Securities        Exchange Act of 1934, as amended (the “Exchange Act”). We intend the        forward-looking statements to be covered by the safe harbor for forward-looking        statements in such sections of the Exchange Act. The forward-looking information        is based on various factors and was derived using numerous assumptions. All        statements, other than statements of historical fact, that address activities,        events or developments that we intend, expect, project, believe or anticipate        will or may occur in the future are forward-looking statements. Such statements        are based upon certain assumptions and assessments made by our management        in        light of their experience and their perception of historical trends, current        conditions, expected future developments and other factors they believe to        be        appropriate. These forward-looking statements are usually accompanied by        words        such as “believe,” “anticipate,” “plan,” “seek,” “expect,” “intend” and similar        expressions.*

*Forward-looking          statements necessarily involve risks and uncertainties, and our actual          results          could differ materially from those anticipated in the forward looking statements          due to a number of factors, including those set forth in the “Risk Factors”section of our Registration Statement on Form S-1, as amended, Part I,          Item 1A “Risk Factors” of our Annual Report on Form 10-KSB for the year          ended December 31, 2007, as updated and supplemented by Part II,          Item 1A “Risk Factors” of this Quarterly Report on Form 10-Q, and elsewhere          in this report. These factors as well as other cautionary statements made          in          this Quarterly Report on Form 10-Q, should be read and understood as being          applicable to all related forward-looking statements wherever they appear          herein. The forward-looking statements contained in this Quarterly Report          on          Form 10-Q represent our judgment as of the date hereof. We encourage you          to read          those descriptions carefully. We caution you not to place undue reliance          on the          forward-looking statements contained in this report. These statements,          like all          statements in this report, speak only as of the date of this report (unless          an          earlier date is indicated) and we undertake no obligation to update or          revise          the statements except as required by law. *

**Overview**

**Results      of Operations **

***Three      month period ended June 30, 2008***
*** ***

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***Six      month period ended June 30, 2008***
*** ***

***Period      from May 14, 2007 (inception) through June 30, 2008***

***Period      from May 14, 2007 (inception) through June 30, 2007***

**Liquidity      and Capital Resources **

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|  | · | approximately                $400,000 of expenses for legal, accounting and other expenses attendant                to                the due diligence investigations, structuring and negotiation of                a                business combination; |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | approximately                $100,000 of expenses for the due diligence and investigation of a                target                business; |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | approximately                $150,000 of expenses in legal and accounting fees relating to our                Securities and Exchange Commission reporting obligations; |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | approximately                $180,000 of expenses in fees relating to our office space and certain                general and administrative services; and |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | approximately                $170,000 for general working capital that will be used for miscellaneous                expenses and reserves, including approximately $130,000 for director                and                officer liability and other insurance premiums, finders’ fees, consulting                fees or other similar compensation, potential deposits, down payments                or                funding of a “no-shop” provision with respect to a particular business                combination. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Off-Balance      Sheet Arrangements**

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

**Item      4T. Controls and Procedures**

**Evaluation      of Disclosure Controls and Procedures.**

**Changes      in Internal Control over Financial Reporting.**

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**PART      II.**
**OTHER      INFORMATION**

**Item      1.**
**Legal      Proceedings**

**Item        1A. Risk Factors**

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

**Item      3.**
**Defaults      Upon Senior Securities**

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

**Item      5.**
**Other      Information**

**Item      6.**
**Exhibits**

| Exhibit |   | Description                                                                                                                                                                                                                                                                                       |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                              |
| 31.1    |   | Certification                of the Company’s Principal Executive Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended June 30,                2008. |
| 31.2    |   | Certification                of the Company’s Principal Executive Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended June 30,                2008. |
| 31.3    |   | Certification                of the Company’s Principal Financial Officer pursuant to Section 302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                Report on Form 10-Q for the quarter ended June 30,                2008. |
| 32.1    |   | Certification                of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act                of                2002.                                                            |
| 32.2    |   | Certification                of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act                of                2002.                                                            |
| 32.3    |   | Certification                of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act                of                2002.                                                            |

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**SIGNATURES**

|                                 | **SECURE                AMERICA ACQUISITION CORPORATION** |
|--------------------------------------|-----------------------------------------------------------|
|                            |                                                 |                    |
| Date:                August 12, 2008 | By:                                             | /s/                C. Thomas McMillen |
|                                 |                                                      | C.                Thomas McMillen, Chairman and Co-Chief Executive                Officer |
|                                 |                                                      | (Principal                Executive Officer and Authorized Officer) |
|                                 |                                                      |   |
| Date:                August 12, 2008 | By:                                                       | /s/              Harvey L. Weiss |
|                                 |                                                      | Harvey                L. Weiss, Co-Chief Executive Officer |
|                                 |                                                      | (Principal                Executive Officer and Authorized Officer) |

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