**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

**|X|      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT**

**OF      1934**

**|_|      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE      SECURITIES**

**EXCHANGE      ACT OF 1934**

*Commission      file number 0-28955*

**SYNDICATION,      INC.**

| Delaware                                       | 57-2218873                         |
|------------------------------------------------|------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer    |
| incorporation                or organization)  | Identification                No.) |
|                                           |                               |

----

**PART      I -- FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

**SYNDICATION,      INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED FINANCIAL STATEMENTS**

**September      30, 2007 and December 31, 200**
**6**

----

**SYNDICATION,      INC. AND SUBSIDIARY**

**CONDENSED      CONSOLIDATED FINANCIAL STATEMENTS**

**September      30, 2007 and December 31, 2006**

----

| **SYNDICATION,                  INC. AND SUBSIDIARY**  |
|--------------------------------------------------------|
| (A                  Development Stage Company)         |
| Condensed                  Consolidated Balance Sheets |
|                                                   |
| ASSETS                                                 |

|                                                          |   |                           |    |                     |   |
|---------------------------------------------------------------|--------|--------------------------------|---------|-------------------------------|--------|
|                                                          |   | September                  30, |    | December                  31, |   |
|                                                          |   | 2007                           |    |  2006                    |   |
|                                                          |   | (Unaudited)                    |    |                     |   |
| CURRENT                  ASSETS                               |   |                           |    |                     |   |
|                                                          |   |                           |    |                          |   |
| Cash                                                          |   | $                              | 1,058   |                          | $      | 205,561 |   |
| Prepaid                  expenses                             |   |                           | 2,742   |                          |   | - |   |
|                                                          |   |                           |    |                          |   |   |   |
| Total                  Current Assets                         |   |                           | 3,800   |                          |   | 205,561 |   |
|                                                          |   |                           |    |                          |   |   |   |
|                                                          |   |                           |    |                          |   |   |   |
| FIXED                  ASSETS                                 |   |                           |    |                          |   |   |   |
|                                                          |   |                           |    |                          |   |   |   |
| Leased                  Equipment                             |   |                           | 95,246  |                          |   | - |   |
| Accumulated                  Amortization Leased Equipment    |   |                           | (6,804  | )                             |   | - |   |
| Computer                                                      |   |                           | 1,042   |                          |   | - |   |
| Accumulated                  Depreciation                     |   |                           | (14     | )                             |   | - |   |
|                                                               |   |                           |    |                          |   |   |   |
| Total                  Fixed Assets                           |   |                           | 89,470  |                          |   | - |   |
|                                                          |   |                           |    |                          |   |   |   |
|                                                          |   |                           |    |                          |   |   |   |
| OTHER                  ASSETS                                 |   |                           |    |                          |   |   |   |
|                                                          |   |                           |    |                          |   |   |   |
| Incorporation                  Expenses                       |   |                           | 212     |                          |   | - |   |
| Debt                  Offering Costs                          |   |                           | 165,521 |                          |   | 165,521 |   |
| Accumulated                  Amortization Debt Offering Costs |   |                           | (89,576 | )                             |   | (48,197 | ) |
|                                                          |   |                           |    |                          |   |   |   |
| Total                  Other Assets                           |   |                           | 76,157  |                          |   | 117,324 |   |
|                                                          |   |                           |    |                          |   |   |   |
| TOTAL                  ASSETS                                 |   | $                              | 169,427 |                          | $      | 322,885 |   |

----

|  **SYNDICATION,                  INC. AND SUBSIDIARY**           |   |
|-----------------------------------------------------------------------|--------|
|  (A                  Development Stage Company)                  |   |
| Condensed                  Consolidated Balance Sheets (Continued)    |   |
|                                                                  |   |
| LIABILITIES                  AND STOCKHOLDERS’ EQUITY (DEFICIT) |   |
|                                                                  |   |

|                                                                      |   | September                  30, |        | December                  31, |   |
|---------------------------------------------------------------------------|--------|--------------------------------|-------------|-------------------------------|--------|
|                                                                      |   | 2007                           |        | 2006                          |   |
|                                                                      |   | (Unaudited)                    |        |                               |   |
| CURRENT                  LIABILITIES                                      |   |                      |        |                     |   |
|                                                                      |   |                           |        |                          |   |
| Accounts                  payable                                         |   | $                              | 62,543      |                          | $      | 48,803 |   |
| Accounts                  payable - related party                         |   |                           | 14,814      |                          |   | 28,497 |   |
| Current                  portion of obligations under capital lease       |   |                           | 14,487      |                          |   | - |   |
| Note                  payable - related party                             |   |                           | 535,003     |                          |   | 368,937 |   |
| Interest                  payable - related party                         |   |                           | 76,490      |                          |   | 128,377 |   |
| Note                  payable                                             |   |                           | 108,011     |                          |   | 138,011 |   |
| Interest                  payable                                         |   |                           | 43,293      |                          |   | 45,985 |   |
| Interest                  payable - convertible debenture                 |   |                           | 216,643     |                          |   | 123,099 |   |
| Directors                  fee accrued                                    |   |                           | -           |                          |   | 48,040 |   |
| Derivative                  Liability                                     |   |                           | 6,769,298   |                          |   | 2,614,266 |   |
|                                                                      |   |                           |        |                          |   |   |   |
| Total                  Current Liabilities                                |   |                           | 7,840,583   |                          |   | 3,544,015 |   |
|                                                                      |   |                           |        |                          |   |   |   |
| LONG                  TERM LIABILITIES                                    |   |                           |        |                          |   |   |   |
|                                                                      |   |                           |        |                          |   |   |   |
| Obligations                  under capital lease                          |   |                           | 64,843      |                          |   | - |   |
| Convertible                  Debenture                                    |   |                           | 1,026,100   |                          |   | 1,074,300 |   |
| Debt                  discount net of amortization                        |   |                           | (447,956    | )                             |   | (746,146 | ) |
|                                                                      |   |                           |        |                          |   |   |   |
| Total                  Long Term Liabilities                              |   |                           | 642,987     |                          |   | 328,154 |   |
|                                                                      |   |                           |        |                          |   |   |   |
| STOCKHOLDERS’                  EQUITY (DEFICIT)                     |   |                           |        |                          |   |   |   |
|                                                                      |   |                           |        |                          |   |   |   |
| Preferred                  stock: 20,000,000 shares authorized of         |   |                           |        |                          |   |   |   |
| $0.0001                  par value, no shares issued and outstanding      |   |                           | -           |                          |   | - |   |
|                                                                      |   |                           |        |                          |   |   |   |
| Common                  stock: 3,000,000,000 shares authorized of $0.0001 |   |                           |        |                          |   |   |   |
| par                  value, 278,415,216 shares issued and                 |   |                           |        |                          |   |   |   |
| outstanding                  respectively                                 |   |                           | 27,842      |                          |   | 13,748 |   |
| Additional                  paid-in capital                               |   |                           | 4,852,232   |                          |   | 4,670,745 |   |
| Stock                  subscriptions payable                              |   |                           | -           |                          |   | 2,500 |   |
| Stock                  warrants payable                                   |   |                           | 8,815       |                          |   | 2,460 |   |
| Deficit                  accumulated prior to the development stage       |   |                           | (2,231,519  | )                             |   | (2,231,519 | ) |
| Deficit                  accumulated during the development stage         |   |                           | (10,971,512 | )                             |   | (6,007,218 | ) |
|                                                                      |   |                           |        |                          |   |   |   |
| Total                  Stockholders’ Equity (Deficit)               |   |                           | (8,314,142  | )                             |   | (3,549,284 | ) |
|                                                                      |   |                           |        |                          |   |   |   |
| TOTAL                  LIABILITIES AND STOCKHOLDERS’ EQUITY         |   |                           |        |                          |   |   |   |
| (DEFICIT)                                                                 |   | $                              | 169,427     |                          | $      | 322,885 |   |
|                                                                      |   |                           |        |                          |   |   |   |

----

| **SYNDICATION,                  INC. AND SUBSIDIARY**                  |   |
|------------------------------------------------------------------------|--------|
| (A                  Development Stage Company)                         |   |
|  Condensed                  Consolidated Statements of Operations |   |
|  (Unaudited)                                                      |   |
|                                                                   |   |

|                                                       |   |                                        |        |                                       |   |                             |   |       |        | From                  inception     |   |
|------------------------------------------------------------|--------|---------------------------------------------|-------------|--------------------------------------------|--------|----------------------------------|--------|------------|-------------|-------------------------------------|--------|
|                                                       |   |                                        |        |                                       |   |                             |   |       |        | of                  the             |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        | Development                         |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        | stage                  on           |   |
|                                                       |   | For                  the Three Months Ended |        | For                  the Nine Months Ended |   | January                  1, 2004 |   |
|                                                       |   | September                  30               |        | September                  30,             |   | through                          |   |
|                                                       |   | 2007                                        |        |  2006                                 |   |  2007                       |   |  2006 |        | September                  30, 2007 |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| REVENUE                                                    |   | $                                           | 4,000       |                                       | $      | -                                |   | $          | 4,000       |                                | $      | - |   | $ | 4,000 |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| OPERATING                  EXPENSES                        |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| Bad                  debt expense (recovered)              |   |                                        | (23,500     | )                                          |   | (18,000                          | )      |       | (43,500     | )                                   |   | 38,314 |   |   | 360,416 |   |
| General                  and administrative                |   |                                        | 46,625      |                                       |   | 182,354                          |   |       | 116,511     |                                |   | 465,988 |   |   | 1,110,933 |   |
| Consulting                                                 |   |                                        | 72,000      |                                       |   | 32,000                           |   |       | 216,000     |                                |   | 100,805 |   |   | 2,043,267 |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| Total                  Operating Expenses                  |   |                                        | 95,125      |                                       |   | 196,354                          |   |       | 289,011     |                                |   | 605,107 |   |   | 3,514,616 |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| OPERATING                  LOSS                            |   |                                        | (91,125     | )                                          |   | (196,354                         | )      |       | (285,011    | )                                   |   | (605,107 | ) |   | (3,510,616 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| OTHER                  INCOME (EXPENSES)                   |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| Amortization                  of debt discount             |   |                                        | (90,325     | )                                          |   | -                                |   |       | (298,190    | )                                   |   | - |   |   | (847,785 | ) |
| Amortization                  of debt offering costs       |   |                                        | (13,793     | )                                          |   | -                                |   |       | (41,379     | )                                   |   | - |   |   | (110,898 | ) |
| Amortization                  of leased equipment          |   |                                        | (3,402      | )                                          |   | -                                |   |       | (6,804      | )                                   |   | - |   |   | (6,804 | ) |
| Amortization                  of deferred fee              |   |                                        | -           |                                       |   | -                                |   |       | -           |                                |   | - |   |   | (406,000 | ) |
| Amortization                  of prepaid executory costs   |   |                                        | (27         | )                                          |   | -                                |   |       | (27         | )                                   |   | - |   |   | (27 | ) |
| Amortization                  of other costs               |   |                                        | -           |                                       |   | -                                |   |       | -           |                                |   | - |   |   | 167,063 |   |
| Interest                  income                           |   |                                        | -           |                                       |   | 2,059                            |   |       | 1,001       |                                |   | 2,770 |   |   | 5,386 |   |
| Other                  Income (expenses)                   |   |                                        | 39,896      |                                       |   | -                                |   |       | 18,187      |                                |   | 6,413 |   |   | 509,979 |   |
| Gain                  (Loss) on investments                |   |                                        | -           |                                       |   | -                                |   |       | -           |                                |   | (52,273 | ) |   | (420,210 | ) |
| Gain                  (Loss) on derivative liability       |   |                                        | (1,944,459  | )                                          |   | 660,225                          |   |       | (4,212,665  | )                                   |   | 418,099 |   |   | (5,786,987 | ) |
| Interest                  expense                          |   |                                        | (48,373     | )                                          |   | (48,512                          | )      |       | (139,407    | )                                   |   | (131,089 | ) |   | (544,367 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| Total                  Other Income (Expenses)             |   |                                        | (2,060,483  | )                                          |   | 613,772                          |   |       | (4,679,284  | )                                   |   | 243,920 |   |   | (7,440,648 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| LOSS                  BEFORE INCOME TAXES                  |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| AND                  DISCONTINUED OPERATIONS               |   |                                        | (2,151,608  | )                                          |   | 417,418                          |   |       | (4,964,295  | )                                   |   | (361,187 | ) |   | (10,951,264 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| INCOME                  TAX EXPENSE                        |   |                                        | -           |                                       |   | -                                |   |       | -           |                                |   | - |   |   | - |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| LOSS                  FROM CONTINUING OPERATIONS           |   |                                        | (2,151,608  | )                                          |   | 417,418                          |   |       | (4,964,295  | )                                   |   | (361,187 | ) |   | (10,951,264 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| LOSS                  FROM DISCONTINUED OPERATIONS         |   |                                        | -           |                                       |   | (15,198                          | )      |       | -           |                                |   | (15,198 | ) |   | (20,248 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| NET                  LOSS                                  |   | $                                           | (2,151,608  | )                                          | $      | 402,220                          |   | $          | (4,964,295  | )                                   | $      | (376,385 | ) | $ | (10,971,512 | ) |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| LOSS                  PER SHARE FROM CONTINUING OPERATIONS |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |
|                                                       |   | $                                           | (0.01       | )                                          | $      | 0.00                             |   | $          | (0.02       | )                                   | $      | (0.00 | ) |   |   |   |
| LOSS                  FROM DISCONTINUED OPERATIONS         |   |                                        | -           |                                       |   | -                                |   |       | -           |                                |   | - |   |   |   |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| BASIC                  INCOME (LOSS) PER SHARE             |   | $                                           | (0.01       | )                                          | $      | 0.00                             |   | $          | (0.02       | )                                   | $      | (0.00 | ) |   |   |   |
|                                                       |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF                |   |                                        |        |                                       |   |                             |   |       |        |                                |   |   |   |   |   |   |
| SHARES                  OUTSTANDING                        |   |                                        | 275,020,075 |                                       |   | 106,303,320                      |   |       | 241,030,473 |                                |   | 101,827,535 |   |   |   |   |

----

|  **SYNDICATION,                  INC. AND SUBSIDIARY**            |   |
|------------------------------------------------------------------------|--------|
|  (A                  Development Stage Company)                   |   |
|  Condensed                  Consolidated Statements of Cash Flows |   |
|  (Unaudited)                                                      |   |

|                                                                                      |   |                                       |       |                                   |   |  From                  Inception |   |
|-------------------------------------------------------------------------------------------|--------|--------------------------------------------|------------|----------------------------------------|--------|---------------------------------------|--------|
|                                                                                      |   |                                       |       |                                   |   |  of                  the         |   |
|                                                                                      |   |                                       |       |                                   |   |  Development                     |   |
|                                                                                      |   |                                       |       |                                   |   |  Stage                  on       |   |
|                                                                                      |   | For                  the Nine Months Ended |       |  January                  1, 2004 |   |
|                                                                                      |   | September                  30,             |       |  Through                          |   |
|                                                                                      |   | 2007                                       |       | 2006                                   |   |  Sept                  30,2007   |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                     |   |                                       |       |                                   |   |                             |   |
| Net                  (Loss)                                                               |   | $                                          | (4,964,295 | )                                      | $      | (376,385                              | )      | $ | (10,971,512 | ) |
| Adjustments                  to reconcile net loss to net cash                            |   |                                       |       |                                   |   |                                  |   |   |   |   |
| provided                  (used) in operating activities:                                 |   |                                       |       |                                   |   |                                  |   |   |   |   |
| Common                  Stock issued for services                                         |   |                                       | 193,082    |                                   |   | -                                     |   |   | 1,626,316 |   |
| Stock                  warrants for services                                              |   |                                       | 6,355      |                                   |   | -                                     |   |   | 8,815 |   |
| Amortization                  of debt discount                                            |   |                                       | 298,190    |                                   |   | 239,375                               |   |   | 702,044 |   |
| Amortization                  of debt offering costs                                      |   |                                       | 41,379     |                                   |   | 34,405                                |   |   | 89,576 |   |
| Amortization                  of deferred fees                                            |   |                                       | -          |                                   |   | -                                     |   |   | 406,000 |   |
| Amortization                  of leased equipment                                         |   |                                       | 6,804      |                                   |   | -                                     |   |   | 6,804 |   |
| Write                  off of bad debt                                                    |   |                                       | -          |                                   |   | -                                     |   |   | 403,916 |   |
| Depreciation                  Expense                                                     |   |                                       | 14         |                                   |   | -                                     |   |   | 14 |   |
| Loss                  on investment value                                                 |   |                                       | -          |                                   |   | -                                     |   |   | 420,210 |   |
| Gain                  on a/p write off                                                    |   |                                       | -          |                                   |   | -                                     |   |   | (39,932 | ) |
| Unearned                  compensation                                                    |   |                                       | -          |                                   |   | -                                     |   |   | 190,000 |   |
| Expense                  of convertible debt                                              |   |                                       | -          |                                   |   | 45,000                                |   |   | - |   |
| Loss                  (Gain) on derivative liability                                      |   |                                       | 4,155,032  |                                   |   | (418,099                              | )      |   | 5,729,354 |   |
| Contributed                  services                                                     |   |                                       | -          |                                   |   | -                                     |   |   | 69,471 |   |
|                                                                                      |   |                                       |       |                                   |   |                                  |   |   |   |   |
| Changes                  in operating assets and liabilities:                             |   |                                       |       |                                   |   |                                  |   |   |   |   |
| (Increase)                  decrease in prepaid expenses                                  |   |                                       | (2,742     | )                                      |   | (1,400                                | )      |   | (2,742 | ) |
| (Increase)                  decrease in accounts receivable                               |   |                                       | -          |                                   |   | 12,300                                |   |   | - |   |
| Increase                  (decrease) in accounts payable                                  |   |                                       | 13,739     |                                   |   | (51,601                               | )      |   | 6,534 |   |
| Increase                  (decrease) in accounts payable - related                  party |   |                                       | (13,684    | )                                      |   | 14,635                                |   |   | 13,813 |   |
| Increase                  (decrease) in interest payable - related                  party |   |                                       | (51,887    | )                                      |   | 33,573                                |   |   | 43,526 |   |
| Increase                  (decrease) in interest payable - others                         |   |                                       | (2,692     | )                                      |   | (3,588                                | )      |   | 48,964 |   |
| Increase                  (decrease) in interest payable - convertible debentures         |   |                                       | 93,544     |                                   |   | 85,957                                |   |   | 212,624 |   |
| (Decrease)                  in directors fee accrued                                      |   |                                       | (48,040    | )                                      |   | -                                     |   |   | (44,000 | ) |
| Increase                  in accrued expenses                                             |   |                                       | -          |                                   |   | -                                     |   |   | 38,641 |   |
| Accrued                  expenses - related party                                         |   |                                       | -          |                                   |   | -                                     |   |   | 32,000 |   |
|                                                                                      |   |                                       |       |                                   |   |                                  |   |   |   |   |
| Net                  Cash Used in Operating Activities                                    |   |                                       | (275,201   | )                                      |   | (385,828                              | )      |   | (1,009,565 | ) |
|                                                                                      |   |                                       |       |                                   |   |                                  |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                     |   |                                       |       |                                   |   |                                  |   |   |   |   |
| Notes                  receivable - related party                                         |   |                                       | -          |                                   |   | -                                     |   |   | (403,916 | ) |
| Investments                  - related party                                              |   |                                       | -          |                                   |   | -                                     |   |   | (420,210 | ) |
| Purchase                  of Fixed Assets - Computer                                      |   |                                       | (1,042     | )                                      |   | -                                     |   |   | (1,042 | ) |
| Incorporation                  expenses                                                   |   |                                       | (212       | )                                      |   | -                                     |   |   | (212 | ) |
|                                                                                      |   |                                       |       |                                   |   |                                  |   |   |   |   |
| Net                  Cash Used in Investing Activities                                    |   |                                       | (1,254     | )                                      |   | -                                     |   |   | (825,380 | ) |
|                                                                                      |   |                                       |       |                                   |   |                                  |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                     |   |                                       |       |                                   |   |                                  |   |   |   |   |
| Stock                  issued for cash                                                    |   |                                       | -          |                                   |   | -                                     |   |   | 50,000 |   |
| Increase                  in notes payable                                                |   |                                       | -          |                                   |   | -                                     |   |   | 707,500 |   |
| Decrease                  in notes payable                                                |   |                                       | (30,000    | )                                      |   | (163,750                              | )      |   | (295,739 | ) |
| Proceeds                  from convertible debenture                                      |   |                                       | -          |                                   |   | 744,479                               |   |   | 1,184,479 |   |
| Payments                  on convertible debentures                                       |   |                                       | (48,200    | )                                      |   | (168,038                              | )      |   | (216,238 | ) |

| Proceeds                  from notes payable - related party |   |   | 166,066  |   |   | -       |   |   | 446,163   |   |
|--------------------------------------------------------------|--------|--------|----------|--------|--------|---------|--------|--------|-----------|--------|
| Decrease                  in notes payable - related party   |   |   | -        |   |   | -       |   |   | (24,260   | )      |
| Lease                  payments under Capital Lease          |   |   | (15,916  | )      |   | -       |   |   | (15,916   | )      |
|                                                         |   |   |     |   |   |    |   |   |      |   |
| Net                  Cash Provided by (Used in) Financing    |   |   |     |   |   |    |   |   |      |   |
| Activities                                                   |   |   | 71,950   |   |   | 412,691 |   |   | 1,835,989 |   |
|                                                         |   |   |     |   |   |    |   |   |      |   |
| NET                  INCREASE (DECREASE) IN CASH             |   |   | (204,503 | )      |   | 26,865  |   |   | 1,044     |   |
|                                                         |   |   |     |   |   |    |   |   |      |   |
| CASH,                  BEGINNING OF PERIOD                   |   |   | 205,561  |   |   | 255,684 |   |   | 14        |   |
|                                                         |   |   |     |   |   |    |   |   |      |   |
| CASH,                  END OF PERIOD                         |   | $      | 1,058    |   | $      | 282,549 |   | $      | 1,058     |   |

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|                                                           |   |                                       |   |                             |   | From                  Inception      |   |
|----------------------------------------------------------------|--------|--------------------------------------------|--------|----------------------------------|--------|--------------------------------------|--------|
|                                                           |   |                                       |   |                             |   | of                  the              |   |
|                                                           |   |                                       |   |                             |   | Development                          |   |
|                                                           |   |                                       |   |                             |   | Stage                  on            |   |
|                                                           |   | For                  the Nine Months Ended |   | January                  1, 2004 |   |
|                                                           |   | September                  30,             |   | Through                     |   |
|                                                           |   | 2007                                       |   | 2006                             |   | Sept                  30, 2007  |   |
|                                                           |   |                                       |   |                             |   |                                 |   |
| SUPPLEMENTAL                  CASH FLOW INFORMATION            |   |                                       |   |                             |   |                                 |   |
|                                                           |   |                                       |   |                             |   |                                 |   |
| Cash                  Payments For:                            |   |                                       |   |                             |   |                                 |   |
|                                                           |   |                                       |   |                             |   |                                 |   |
|  Income                  taxes                            |   | $                                          | -      |                             | $      | -                                    |   | $ | - |   |
|  Interest                                                 |   | $                                          | -      |                             | $      | -                                    |   | $ | 11,370 |   |
|                                                           |   |                                       |   |                             |   |                                 |   |   |   |   |
| Non-Cash                  Financing Activities                 |   |                                       |   |                             |   |                                 |   |   |   |   |
|                                                           |   |                                       |   |                             |   |                                 |   |   |   |   |
|  Common                  stock issued for deferred fees   |   | $                                          | -      |                             | $      | -                                    |   | $ | 304,000 |   |
|  Common                  stock issued for converting N/P  |   | $                                          | -      |                             | $      | -                                    |   | $ | 340,001 |   |
|  Common                  stock issued for converting debt |   | $                                          | 42,300 |                             | $      | -                                    |   | $ | 139,962 |   |
|  Common                  stock issued for services        |   | $                                          | 93,148 |                             | $      | -                                    |   | $ | 1,512,981 |   |
|  Forgiveness                  of debt - related party     |   | $                                          | -      |                             | $      | -                                    |   | $ | 24,678 |   |

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**SYNDICATION,      INC. AND SUBSIDIARY**

| NOTE                1 - | BASIS                OF FINANCIAL STATEMENT PRESENTATION |
|-------------------------|----------------------------------------------------------|

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NOTE      4 -      CAPITAL LEASE OBLIGATION

|                                                             |   | 2007   |   |
|------------------------------------------------------------------|--------|--------|--------|
|                                                             |   |   |   |
| Surgical                  Treatment equipment                    |   | $      | 95,246 |   |
|                                                             |   |   |   |   |
| Less:                  accumulated depreciation and amortization |   |   | (6,804 | ) |
|                                                             |   |   |   |   |
|                                                             |   | $      | 88,442 |   |

| 2007                                                      |   | $      | 5,807   |   |
|-----------------------------------------------------------|--------|--------|---------|--------|
| 2008                                                      |   |   | 23,228  |   |
| 2009                                                      |   |   | 23,227  |   |
| 2010                                                      |   |   | 23,227  |   |
| 2011                                                      |   |   | 27,099  |   |
|  Total                                               |   | $      | 102,588 |   |
|  Less:                  Amount representing interest |   |   | (23,258 | )      |
|                                                      |   | $      | 79,330  |   |
|  Less:                  Current portion              |   |   | (14,487 | )      |
|  Long                  term portion                  |   | $      | 64,843  |   |

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

**FORWARD-LOOKING      STATEMENTS**

**GENERAL**

**Sy-Med        Decompression Inc.**

**THREE      MONTHS ENDED SEPTEMBER 30, 2007 COMPARED TO THREE MONTHS ENDED SEPTEMBER30,      2006**

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**Liquidity      and Capital Resources**

**Off-Balance      Sheet Arrangements**

**ITEM      3. CONTROLS AND PROCEDURES**

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**PART      2 - OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS**

**ITEM      2. CHANGES IN SECURITIES**

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES:**

**ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

**ITEM      5. OTHER INFORMATION**

**ITEM      6. EXHIBITS**

| 31.1                Certification by the Chief Executive Officer Pursuant to Section                302                ofthe                Sarbanes-Oxley Act of 2002. 31.2                Certification by the Chief Financial Officer Pursuant to Section                302                ofthe                Sarbanes-Oxley Act of 2002. 32.1                Certification by the Chief Executive Officer Pursuant to 18 U.S.C.                Section1350,                as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act                of2002. 32.2                Certification by the Chief Financial Officer Pursuant to 18 U.S.C.                Section1350,                as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act                of2002. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**SIGNATURES**

**SYNDICATION,      INC.**

| By:                  /s/ Brian Sorrentino                      Brian                SorrentinoCEO                and Principal Executive OfficerDated:                November 18, 2007 By:                  /s/ Mrutyunjaya S. Chittavajhula.    Mrutyunjaya                S. Chittavajhula.CFO                and Principal Accounting OfficerDated:                November 18, 2007 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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