**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-Q**

**March      31, 2008**

**No      **
**x**

**0-25765**

**SYNDICATION,      INC.**

| **Delaware**                                                                  |   | **52-2218873**                                   |
|-------------------------------------------------------------------------------|--------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (IRS                Employer Identification No.) |

**1250      24**
**th**

**      Street, NW**

**Suite      300**

**Washington,      D.C. 20037**

**(202)      467-2788**

**Yes      **
**x**

| Large                Accelerated Filer o | Accelerated                Filer o | Non-accelerated                Filer o | Smaller                Reporting Company x |
|------------------------------------------|------------------------------------|----------------------------------------|--------------------------------------------|

----

**SYNDICATION,      INC.**

**Form      10-Q for the period ended March 31, 2008**

**TABLE      OF CONTENTS**

|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     | **Page** |
|-----------------------------------------------|------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|----------|
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
| PART                I - FINANCIAL INFORMATION |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                1 - FINANCIAL STATEMENTS                                                                                 |                                                                                                                                                                                                                                                                                                               |     |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          |                                                                                                                         | Condensed                Consolidated Balance Sheets at March 31, 2008 (Unaudited) and December                31,                2007 (restated)                                                                                                                                                                  |     | 3        |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          |                                                                                                                         | Condensed                Consolidated Statements of Operations for the three-month periods                ended                March 31, 2007 and 2008 and from January 1, 2004 (date of inception                as a                development stage company) through March 31, 2008                (Unaudited) |     | 4        |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          |                                                                                                                         | Condensed                Consolidated Statements of Shareholder’s Deficit from January 1, 2004                (date of inception as a development stage company) through March                31, 2008                (Unaudited)                                                                            |     | 5-9      |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          |                                                                                                                         | Condensed                Consolidated Statements of Cash Flows for the three-month periods                ended                March 31, 2007 and 2008 and from January 1, 2004 (date of inception                as a                development stage company) through March 31, 2008 (Unaudited)                |     | 10       |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          |                                                                                                                         | Notes                to Financial Statements                                                                                                                                                                                                                                                                       |     | 11-23    |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND                RESULTS OF OPERATIONS |                                                                                                                                                                                                                                                                                                               | 23       |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET                RISK                            |                                                                                                                                                                                                                                                                                                               | 26       |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                4 (A) - CONTROLS AND PROCEDURES                                                                          |                                                                                                                                                                                                                                                                                                               |  27 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                4 (A)T - INTERNAL CONTROL OVER FINANCIAL REPORTING                                                       |                                                                                                                                                                                                                                                                                                               | 27       |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
| PART                II - OTHER INFORMATION    |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                1 - LEGAL PROCEEDINGS                                                                                    |                                                                                                                                                                                                                                                                                                               |  27 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS                           |                                                                                                                                                                                                                                                                                                               |  27 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                3 - DEFAULTS UPON SENIOR SECURITIES                                                                      |                                                                                                                                                                                                                                                                                                               |  27 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                  |                                                                                                                                                                                                                                                                                                               |  27 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                5 - OTHER INFORMATION                                                                                    |                                                                                                                                                                                                                                                                                                               |  27 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          | ITEM                6 - EXHIBITS AND REPORTS ON FORM 8-K                                                                     |                                                                                                                                                                                                                                                                                                               |  28 |
|                                          |                                                                                                                         |                                                                                                                                                                                                                                                                                                               |     |     |
|                                          |                                                                                                                         | SIGNATURES                                                                                                                                                                                                                                                                                                         |     | 29       |

----

| **SYNDICATION,                INC.**                                    |
|-------------------------------------------------------------------------|
| **(A                development stage company)**                        |
| **(formerly                SYNDICATION.NET.COM, INC.)**                 |
| **CONDENSED                CONSOLIDATED BALANCE                SHEETS** |

|                                                                                                                                                                                                                                              |   | March                31, |       | December                31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|------------|-----------------------------|--------|
|                                                                                                                                                                                                                                              |   | 2008                     |       | 2007                        |   |
|                                                                                                                                                                                                                                              |   | (unaudited)              |       | (restated)                  |   |
| ASSETS                                                                                                                                                                                                                                            |   |                     |       |                        |   |
| Current                assets:                                                                                                                                                                                                                    |   |                     |       |                        |   |   |   |
| Cash                and cash equivalents                                                                                                                                                                                                          |   | $                        | 33,009     |                        | $      | 195,914 |   |
| Accounts                receivable                                                                                                                                                                                                                |   |                     | 9,013      |                        |   | - |   |
| Prepaid                expenses                                                                                                                                                                                                                   |   |                     | 417        |                        |   | 430 |   |
| Total                current assets                                                                                                                                                                                                               |   |                     | 42,439     |                        |   | 196,344 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| Property,                plant and equipment, net of accumulated depreciation of $19,875 and                $14,856, respectively                                                                                                                 |   |                     | 125,624    |                        |   | 85,982 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| Other                assets:                                                                                                                                                                                                                      |   |                     |       |                        |   |   |   |
| Deposits                                                                                                                                                                                                                                          |   |                     | 2,260      |                        |   | - |   |
| Capitalized                financing costs, net of accumulated amortization of $117,162 and                $103,369,                respectively                                                                                                  |   |                     | 48,359     |                        |   | 62,152 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| TOTAL                ASSETS                                                                                                                                                                                                                       |   | $                        | 218,682    |                        | $      | 344,478 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' DEFICIT                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| Current                liabilities:                                                                                                                                                                                                               |   |                     |       |                        |   |   |   |
| Accounts                payable and accrued expenses-related parties                                                                                                                                                                              |   | $                        | 139,720    |                        | $      | 79,885 |   |
| Accounts              payable and              accrued expenses                                                                                                                                                                                   |   |                     | 373,040    |                        |   | 337,008 |   |
| Obligations                under capital lease, current portion                                                                                                                                                                                   |   |                     | 15,379     |                        |   | 14,926 |   |
| Convertible                debentures, current portion                                                                                                                                                                                            |   |                     | 655,623    |                        |   | 177,561 |   |
| Notes                payable                                                                                                                                                                                                                      |   |                     | 108,611    |                        |   | 108,611 |   |
| Notes                payable, related party                                                                                                                                                                                                       |   |                     | 776,107    |                        |   | 765,787 |   |
| Total                current liabilities                                                                                                                                                                                                          |   |                     | 2,068,480  |                        |   | 1,483,778 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| Long                term debt:                                                                                                                                                                                                                    |   |                     |       |                        |   |   |   |
| Obligations                under capital lease                                                                                                                                                                                                    |   |                     | 56,924     |                        |   | 60,942 |   |
| Notes                payable, long term                                                                                                                                                                                                           |   |                     | 90,685     |                        |   | 521,233 |   |
| Derivative                and warrant liability relating to convertible debentures                                                                                                                                                                |   |                     | 758,084    |                        |   | 3,484,249 |   |
| Total                long term debt                                                                                                                                                                                                               |   |                     | 905,693    |                        |   | 4,066,424 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| Total                liabilities                                                                                                                                                                                                                  |   |                     | 2,974,173  |                        |   | 5,550,202 |   |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| Stockholders'                deficit:                                                                                                                                                                                                             |   |                     |       |                        |   |   |   |
| Preferred                stock; $0.0001 par value; 20,000,000 shares authorized, -0- shares                issued                and outstanding                                                                                                  |   |                     | -          |                        |   | - |   |
| Common                stock ; $0.0001 par value; 3,000,000,000 shares authorized; 761,740,552                and 472,274,864 shares issued and outstanding as of March 31, 2008                and                December 31, 2007, respectively |   |                     | 76,175     |                        |   | 47,228 |   |
| Additional                paid in capital                                                                                                                                                                                                         |   |                     | 4,926,569  |                        |   | 4,805,216 |   |
| Deficit                accumulated prior to development stage                                                                                                                                                                                     |   |                     | (2,231,519 | )                           |   | (2,231,519 | ) |
| Deficit                accumulated during development stage                                                                                                                                                                                       |   |                     | (5,526,716 | )                           |   | (7,826,649 | ) |
| Total                stockholders' deficit                                                                                                                                                                                                        |   |                     | (2,755,491 | )                           |   | (5,205,724 | ) |
|                                                                                                                                                                                                                                              |   |                     |       |                        |   |   |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                                                                                                        |   | $                        | 218,682    |                        | $      | 344,478 |   |

----

| **SYNDICATION,                INC.**                               |
|--------------------------------------------------------------------|
| **(A                development stage company)**                   |
| **(formerly                SYNDICATION.NET.COM, INC.)**            |
| **CONDENSED                CONSOLIDATED STATEMENTS OF OPERATIONS** |
| **(unaudited)**                                                    |

|                                                                                                         |   | Three                months ended March 31, |                   | From                inception of the development stage on January 1, 2004 through March                31, |   |
|--------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|------------------------|------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                         |   | 2008                                        |                   | 2007                                                                                                       |   | 2008 |   |
|                                                                                                         |   |                                        |                   | (Restated)                                                                                                 |   | (Restated) |   |
| REVENUE                                                                                                      |   | $                                           | 20,213                 |                                                                                                       | $      | - |   | $ | 20,213 |   |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| OPERATING                EXPENSES:                                                                           |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Selling,                general and administrative                                                           |   |                                        | 284,840                |                                                                                                       |   | 113,133 |   |   | 4,420,745 |   |
| Depreciation                                                                                                 |   |                                        | 5,019                  |                                                                                                       |   | - |   |   | 15,325 |   |
| Total                operating expenses                                                                      |   |                                        | 289,859                |                                                                                                       |   | 113,133 |   |   | 4,436,070 |   |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Net                loss from operations                                                                      |   |                                        | (269,647               | )                                                                                                          |   | (113,133 | ) |   | (4,415,858 | ) |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Other                income (expense):                                                                       |   |                                        | -                      |                                                                                                       |   | (21,709 | ) |   | 526,979 |   |
| Loss                on sale of investments                                                                   |   |                                        | -                      |                                                                                                       |   | - |   |   | (420,210 | ) |
| Gain                (loss) on change in fair value of debt derivative and warrant                liabilities |   |                                        | 2,726,165              |                                                                                                       |   | (230,358 | ) |   | 224,228 |   |
| Interest                expense, net                                                                         |   |                                        | (156,585               | )                                                                                                          |   | (79,199 | ) |   | (1,421,607 | ) |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Net                income ( loss) before income taxes and discontinued                operations             |   |                                        | 2,299,933              |                                                                                                       |   | (444,399 | ) |   | (5,506,468 | ) |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Provision                for income taxes                                                                    |   |                                        | -                      |                                                                                                       |   | - |   |   | - |   |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Net                income (loss) from continuing operations                                                  |   |                                        | 2,299,933              |                                                                                                       |   | (444,399 | ) |   | (5,506,468 | ) |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Net                income (loss) from discontinued operations                                                |   |                                        | -                      |                                                                                                       |   | - |   |   | (20,248 | ) |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| NET                INCOME (LOSS)                                                                             |   | $                                           | 2,299,933              |                                                                                                       | $      | (444,399 | ) | $ | (5,526,716 | ) |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Net                income (loss) per common share, basic                                                     |   | $                                           | 0.00                   |                                                                                                       | $      | (0.00 | ) |   |   |   |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Net                income (loss) per common share, fully diluted (Note 1)                                    |   | $                                           | (0.00                  | )                                                                                                          |   | (Note                  1 | ) |   |   |   |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Weighted                average number of common shares outstanding, basic                                   |   |                                        | 579,680,751            |                                                                                                       |   | 180,182,586 |   |   |   |   |
|                                                                                                         |   |                                        |                   |                                                                                                       |   |   |   |   |   |   |
| Weighted                average number of common shares outstanding, fully diluted                           |   |                                        | (Note                1 | )                                                                                                          |   | (Note                  1 | ) |   |   |   |

----

| **SYNDICATION,                INC.**                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------|
| **(A                development stage company)**                                                                                 |
| **(formerly                SYNDICATION.NET.COM, INC.)**                                                                          |
| **CONDENSED                CONSOLIDATED STATEMENT OF STOCKHOLDERS'                DEFICIT**                                      |
| **FOR                THE PERIOD JANUARY 1, 2004 (DATE OF INCEPTION OF DEVELOPMENT STAGE)                THROUGH MARCH 31, 2008** |

|                                                                                                                               |   |                           |   |                        |   |                   |   |     |       | Additional |   |    |   | Common        |      |          |   |     |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------|--------|----------|------------|------------|--------|---------|--------|---------------|-----------|---------------|--------|----------|--------|--------|--------|
|                                                                                                                               |   | Preferred                stock |   | Common                stock |   | Paid                in |   | Deferred |       | Stock      |   | Warrant |   | Accumulated   |      |          |   |
|                                                                                                                               |   | Shares                         |   | Amount                      |   | Shares                 |   | Amount   |       | Capital    |   | Costs   |   | Subscriptions |      | Subscriptions |   | Deficit  |   | Total  |   |
| Balance,                January 1, 2004                                                                                            |   |                           | -      |                        | $      | -                      |   |     | 12,075,088 |       | $      | 1,207   |   | $             | 2,021,959 |          | $      | (292,000 | )      | $      | -      |   | $ | - |   | $ | (2,231,519 | ) | $ | (500,353 | ) |
| Sale                of common stock in February 2004 at $1.00 per share                                                            |   |                           | -      |                        |   | -                      |   |     | 50,000     |       |   | 5       |   |          | 49,995    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 50,000 |   |
| Issuance                of common stock for deferred fees in February 2004 at $0.80 per                share                       |   |                           | -      |                        |   | -                      |   |     | 30,000     |       |   | 3       |   |          | 23,997    |          |   | (24,000  | )      |   | -      |   |   | - |   |   | - |   |   | - |   |
| Issuance                of common stock for assets in February 2004 at $0.80 per                share                              |   |                           | -      |                        |   | -                      |   |     | 120,000    |       |   | 12      |   |          | 107,988   |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 108,000 |   |
| Issuance                of common stock for assets in March 2004 at $0.65 per                share                                 |   |                           | -      |                        |   | -                      |   |     | 235,000    |       |   | 24      |   |          | 152,726   |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 152,750 |   |
| Issuance                of common stock for deferred fees in May 2004 at $0.40 per                share                            |   |                           | -      |                        |   | -                      |   |     | 600,000    |       |   | 60      |   |          | 239,940   |          |   | (240,000 | )      |   | -      |   |   | - |   |   | - |   |   | - |   |
| Common                stock issued for services rendered in June 2004 at $0.35 per                share                            |   |                           | -      |                        |   | -                      |   |     | 1,200,000  |       |   | 120     |   |          | 419,880   |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 420,000 |   |
| Common                stock issued for default interest on debenture in June 2004 at $0.35                per                share |   |                           | -      |                        |   | -                      |   |     | 50,000     |       |   | 5       |   |          | 17,495    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 17,500 |   |
| Beneficial                conversion feature of convertible debentures                                                             |   |                           | -      |                        |   | -                      |   |     | -          |       |   | -       |   |          | 50,000    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 50,000 |   |
| Common                stock issued for services rendered in December 2004 at $0.55 per                share                        |   |                           | -      |                        |   | -                      |   |     | 250,000    |       |   | 25      |   |          | 137,475   |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 137,500 |   |
| Common                stock issued for services rendered in December 2004 at $0.44 per                share                        |   |                           | -      |                        |   | -                      |   |     | 675,000    |       |   | 67      |   |          | 296,932   |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 296,999 |   |
| Issuance                of common stock for deferred fees in December 2004 at $0.50 per                share                       |   |                           | -      |                        |   | -                      |   |     | 80,000     |       |   | 8       |   |          | 39,992    |          |   | (40,000  | )      |   | -      |   |   | - |   |   | - |   |   | - |   |
| Amortization                of deferred fees                                                                                       |   |                           | -      |                        |   | -                      |   |     | -          |       |   | -       |   |          | -         |          |   | 406,000  |   |   | -      |   |   | - |   |   | - |   |   | 406,000 |   |
| Net                loss                                                                                                            |   |                           | -      |                        |   | -                      |   |     | -          |       |   | -       |   |          | -         |          |   | -        |   |   | -      |   |   | - |   |   | (2,274,319 | ) |   | (2,274,319 | ) |
| Balance,                December 31, 2004                                                                                          |   |                           | -      |                        | $      | -                      |   |     | 15,365,088 |       | $      | 1,536   |   | $             | 3,558,379 |          | $      | (190,000 | )      | $      | -      |   | $ | - |   | $ | (4,505,838 | ) | $ | (1,135,923 | ) |

----

| **SYNDICATION,                INC.**                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------|
| **(A                development stage company)**                                                                                 |
| **(formerly                SYNDICATION.NET.COM, INC.)**                                                                          |
| **CONDENSED                CONSOLIDATED STATEMENT OF STOCKHOLDERS'                DEFICIT**                                      |
| **FOR                THE PERIOD JANUARY 1, 2004 (DATE OF INCEPTION OF DEVELOPMENT STAGE)                THROUGH MARCH 31, 2008** |

|                                                                                                                                     |   |                           |   |                        |   |                   |   |     |       | Additional |   |    |   | Common        |      |          |   |     |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------|--------|----------|------------|------------|--------|---------|--------|---------------|-----------|---------------|--------|----------|--------|--------|--------|
|                                                                                                                                     |   | Preferred                stock |   | Common                stock |   | Paid                in |   | Deferred |       | Stock      |   | Warrant |   | Accumulated   |      |          |   |
|                                                                                                                                     |   | Shares                         |   | Amount                      |   | Shares                 |   | Amount   |       | Capital    |   | Costs   |   | Subscriptions |      | Subscriptions |   | Deficit  |   | Total  |   |
| Balance                forward                                                                                                           |   |                           | -      |                        |   | -                      |   |     | 15,365,088 |       | $      | 1,536   |   | $             | 3,558,379 |          | $      | (190,000 | )      | $      | -      |   | $ | - |   | $ | (4,505,838 | ) | $ | (1,135,923 | ) |
| Common                stock issued for services rendered in June 2005 at $0.24 per                share                                  |   |                           | -      |                        |   | -                      |   |     | 41,667     |       |   | 4       |   |          | 9,995     |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 9,999 |   |
| Common                stock issued in exchange for notes payables in June 2005 at approximately                $0.14 per share           |   |                           | -      |                        |   | -                      |   |     | 144,822    |       |   | 13      |   |          | 19,987    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 20,000 |   |
| Common                stock issued in exchange for notes payables in July 2005 at approximately                $0.05 per share           |   |                           | -      |                        |   | -                      |   |     | 204,082    |       |   | 20      |   |          | 9,980     |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 10,000 |   |
| Common                stock issued in exchange for notes payables in September 2005 at                approximately $0.03 per share      |   |                           | -      |                        |   | -                      |   |     | 1,020,300  |       |   | 102     |   |          | 34,898    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 35,000 |   |
| Common                stock issued in exchange for notes payables in October 2005 at                approximately $0.01 per share        |   |                           | -      |                        |   | -                      |   |     | 9,547,000  |       |   | 955     |   |          | 99,045    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 100,000 |   |
| Common                stock issued in exchange for notes payables in November 2005 at                approximately $0.01 per share       |   |                           | -      |                        |   | -                      |   |     | 3,644,315  |       |   | 364     |   |          | 24,636    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 25,000 |   |
| Common                stock issued in exchange for interest in November 2005 at approximately                $0.01 per share             |   |                           | -      |                        |   | -                      |   |     | 8,206,709  |       |   | 823     |   |          | 48,837    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 49,660 |   |
| Common                stock issued in exchange for notes payables in November 2005 at                approximately $0.0055 per share     |   |                           | -      |                        |   | -                      |   |     | 10,896,585 |       |   | 1,089   |   |          | 58,911    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 60,000 |   |
| Common                stock issued in exchange for notes payables in November 2005 at                approximately $0.011 per share      |   |                           | -      |                        |   | -                      |   |     | 7,705,586  |       |   | 770     |   |          | 86,192    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 86,962 |   |
| Common                stock issued to directors for services rendered in December 2005                at $0.011                per share |   |                           | -      |                        |   | -                      |   |     | 38,500,000 |       |   | 3,850   |   |          | 431,200   |          |   |     |   |   |   |   |   |   |   |   |   |   |   | 435,050 |   |
| Common                stock issued in conjunction with settlement of debt in December                2005                                |   |                           | -      |                        |   | -                      |   |     | -          |       |   | -       |   |          | 24,678    |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 24,678 |   |
| Rounding                adjustments                                                                                                      |   |                           | -      |                        |   | -                      |   |     | (5,080     | )          |   | 2       |   |          | -         |          |   | -        |   |   | -      |   |   | - |   |   | - |   |   | 2 |   |
| Amortization                of deferred fees                                                                                             |   |                           | -      |                        |   | -                      |   |     | -          |       |   | -       |   |          | -         |          |   | 190,000  |   |   |   |   |   |   |   |   |   |   |   | 190,000 |   |
| Net                loss                                                                                                                  |   |                           | -      |                        |   | -                      |   |     | -          |       |   | -       |   |          | -         |          |   | -        |   |   | -      |   |   | - |   |   | (2,334,408 | ) |   | (2,334,408 | ) |
| Balance,                December 31, 2005                                                                                                |   |                           | -      |                        | $      | -                      |   |     | 95,271,074 |       | $      | 9,528   |   | $             | 4,406,738 |          | $      | -        |   | $      | -      |   | $ | - |   | $ | (6,840,246 | ) | $ | (2,423,980 | ) |

----

| **SYNDICATION,                INC.**                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------|
| **(A                development stage company)**                                                                                 |
| **(formerly                SYNDICATION.NET.COM, INC.)**                                                                          |
| **CONDENSED                CONSOLIDATED STATEMENT OF STOCKHOLDERS'                DEFICIT**                                      |
| **FOR                THE PERIOD JANUARY 1, 2004 (DATE OF INCEPTION OF DEVELOPMENT STAGE)                THROUGH MARCH 31, 2008** |

|                                                                                                                              |   |                           |   |                        |   |                   |   |     |        | Additional |   |    |   | Common        |      |          |   |    |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------|--------|----------|-------------|------------|--------|---------|--------|---------------|-----------|---------------|--------|---------|--------|--------|--------|
|                                                                                                                              |   | Preferred                stock |   | Common                stock |   | Paid                in |   | Deferred |        | Stock      |   | Warrant |   | Accumulated   |      |          |   |
|                                                                                                                              |   | Shares                         |   | Amount                      |   | Shares                 |   | Amount   |        | Capital    |   | Costs   |   | Subscriptions |      | Subscriptions |   | Deficit |   | Total  |   |
| Balance                forward                                                                                                    |   |                           | -      |                        |   | -                      |   |     | 95,271,074  |       | $      | 9,528   |   | $             | 4,406,738 |          | $      | -       |   | $      | -      |   | $ | - |   | $ | (6,840,246 | ) | $ | (2,423,980 | ) |
| Common                stock issued in exchange notes payable in June 2006 at $0.0054 per                share                     |   |                           | -      |                        |   | -                      |   |     | 1,851,852   |       |   | 185     |   |          | 20,371    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 20,556 |   |
| Common                stock issued for services rendered in July 2006 at $0.004 per                share                          |   |                           | -      |                        |   | -                      |   |     | 3,250,000   |       |   | 325     |   |          | 12,675    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 13,000 |   |
| Common                stock issued in exchange notes payable in July 2006 at $0.0039 per                share                     |   |                           | -      |                        |   | -                      |   |     | 2,564,103   |       |   | 256     |   |          | 24,359    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 24,615 |   |
| Common                stock issued in exchange notes payable in August 2006 at $0.0039                per                share    |   |                           | -      |                        |   | -                      |   |     | 3,846,154   |       |   | 385     |   |          | 36,538    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 36,923 |   |
| Common                stock issued in exchange notes payable in September 2006 at $0.0026                per                share |   |                           | -      |                        |   | -                      |   |     | 3,846,154   |       |   | 385     |   |          | 31,538    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 31,923 |   |
| Common                stock issued in exchange notes payable in October 2006 at $0.0032                per                share   |   |                           | -      |                        |   | -                      |   |     | 7,738,096   |       |   | 774     |   |          | 24,107    |          |   |    |   |   |   |   |   |   |   |   |   |   |   | 24,881 |   |
| Common                stock issued in exchange notes payable in November 2006 at $0.0009 per                share                 |   |                           | -      |                        |   | -                      |   |     | 12,777,777  |       |   | 1,277   |   |          | 30,667    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 31,944 |   |
| Common                stock and warrants issuable                                                                                 |   |                           | -      |                        |   | -                      |   |     | -           |       |   | -       |   |          | -         |          |   | -       |   |   | 2,500  |   |   | 2,460 |   |   | - |   |   | 4,960 |   |
| Common                stock issued in exchange notes payable in November 2006 at $0.002                per                share   |   |                           | -      |                        |   | -                      |   |     | 6,333,333   |       |   | 633     |   |          | 14,280    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 14,913 |   |
| Common                stock issued for services rendered in December 2006                                                         |   |                           | -      |                        |   | -                      |   |     | -           |       |   | -       |   |          | 69,472    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 69,472 |   |
| Net                loss                                                                                                           |   |                           | -      |                        |   | -                      |   |     | -           |       |   | -       |   |          | -         |          |   | -       |   |   | -      |   |   | - |   |   | (204,704 | ) |   | (204,704 | ) |
| Balance,                December 31, 2006 (restated)                                                                              |   |                           | -      |                        | $      | -                      |   |     | 137,478,543 |       | $      | 13,748  |   | $             | 4,670,745 |          | $      | -       |   | $      | 2,500  |   | $ | 2,460 |   | $ | (7,044,950 | ) | $ | (2,355,497 | ) |

----

| **SYNDICATION,                INC.**                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------|
| **(A                development stage company)**                                                                                 |
| **(formerly                SYNDICATION.NET.COM, INC.)**                                                                          |
| **CONDENSED                CONSOLIDATED STATEMENT OF STOCKHOLDERS'                DEFICIT**                                      |
| **FOR                THE PERIOD JANUARY 1, 2004 (DATE OF INCEPTION OF DEVELOPMENT STAGE)                THROUGH MARCH 31, 2008** |

|                                                                                                                              |   |                           |   |                        |   |                   |   |     |        | Additional |   |    |   | Common        |      |          |   |    |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------|--------|----------|-------------|------------|--------|---------|--------|---------------|-----------|---------------|--------|---------|--------|--------|--------|
|                                                                                                                              |   | Preferred                stock |   | Common                stock |   | Paid                in |   | Deferred |        | Stock      |   | Warrant |   | Accumulated   |      |          |   |
|                                                                                                                              |   | Shares                         |   | Amount                      |   | Shares                 |   | Amount   |        | Capital    |   | Costs   |   | Subscriptions |      | Subscriptions |   | Deficit |   | Total  |   |
| Balance                Forward                                                                                                    |   |                           | -      |                        |   | -                      |   |     | 137,478,543 |       | $      | 13,748  |   | $             | 4,670,745 |          | $      | -       |   | $      | 2,500  |   | $ | 2,460 |   | $ | (7,044,950 | ) | $ | (2,355,497 | ) |
| Common                stock issued in exchange notes payable in January 2007 at $0.0009                per                share   |   |                           | -      |                        |   | -                      |   |     | 14,444,444  |       |   | 1,444   |   |          | 12,056    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 13,500 |   |
| Common                stock issued in exchange notes payable in February 2007 at $0.0009                per                share  |   |                           | -      |                        |   | -                      |   |     | 20,888,888  |       |   | 2,088   |   |          | 16,712    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 18,800 |   |
| Common                stock issued in exchange notes payable in September 2007 at $0.0007                per                share |   |                           | -      |                        |   | -                      |   |     | 14,285,714  |       |   | 1,428   |   |          | 8,572     |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 10,000 |   |
| Common                stock issued to directors for services rendered in March 2007                                               |   |                           | -      |                        |   | -                      |   |     | 48,040,000  |       |   | 4,804   |   |          | 43,236    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 48,040 |   |
| Common                stock issued for services rendered in March 2007 at $0.001                                                  |   |                           | -      |                        |   | -                      |   |     | 10,000,000  |       |   | 1,000   |   |          | 9,000     |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 10,000 |   |
| Common                stock issued for loan fees in March 2007                                                                    |   |                           | -      |                        |   | -                      |   |     | 21,709,000  |       |   | 2,173   |   |          | 19,538    |          |   |    |   |   |   |   |   |   |   |   |   |   |   | 21,711 |   |
| Common                stock issued in exchange notes payable in July 2007 at $0.0005 per                share                     |   |                           | -      |                        |   | -                      |   |     | 11,568,627  |       |   | 1,157   |   |          | 4,743     |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 5,900 |   |
| Common                stock issued in exchange notes payable in November 2007 at $0.0002                per                share  |   |                           | -      |                        |   | -                      |   |     | 43,859,648  |       |   | 4,386   |   |          | 5,614     |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 10,000 |   |
| Common                stock issued in exchange notes payable in December 2007 at $0.0002                per                share  |   |                           | -      |                        |   | -                      |   |     | 150,000,000 |       |   | 15,000  |   |          | 15,000    |          |   |    |   |   |   |   |   |   |   |   |   |   |   | 30,000 |   |
| Expiration                of subscriptions                                                                                        |   |                           | -      |                        |   | -                      |   |     | -           |       |   | -       |   |          | -         |          |   | -       |   |   | (2,500 | ) |   | (2,460 | ) |   |   |   |   | (4,960 | ) |
| Net                loss                                                                                                           |   |                           | -      |                        |   | -                      |   |     | -           |       |   | -       |   |          | -         |          |   | -       |   |   | -      |   |   | - |   |   | (3,013,218 | ) |   | (3,013,218 | ) |
| Balance,                December 31, 2007 (restated)                                                                              |   |                           | -      |                        | $      | -                      |   |     | 472,274,864 |       | $      | 47,228  |   | $             | 4,805,216 |          | $      | -       |   | $      | -      |   | $ | - |   | $ | (10,058,168 | ) | $ | (5,205,724 | ) |

----

| **SYNDICATION,                INC.**                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------|
| **(A                development stage company)**                                                                                 |
| **(formerly                SYNDICATION.NET.COM, INC.)**                                                                          |
| **CONDENSED                CONSOLIDATED STATEMENT OF STOCKHOLDERS'                DEFICIT**                                      |
| **FOR                THE PERIOD JANUARY 1, 2004 (DATE OF INCEPTION OF DEVELOPMENT STAGE)                THROUGH MARCH 31, 2008** |

|                                                                                                                              |   |                           |   |                        |   |                   |   |     |        | Additional |   |    |   | Common        |      |          |   |    |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|-----------------------------|--------|------------------------|--------|----------|-------------|------------|--------|---------|--------|---------------|-----------|---------------|--------|---------|--------|--------|--------|
|                                                                                                                              |   | Preferred                stock |   | Common                stock |   | Paid                in |   | Deferred |        | Stock      |   | Warrant |   | Accumulated   |      |          |   |
|                                                                                                                              |   | Shares                         |   | Amount                      |   | Shares                 |   | Amount   |        | Capital    |   | Costs   |   | Subscriptions |      | Subscriptions |   | Deficit |   | Total  |   |
| Balance                forward                                                                                                    |   |                           | -      |                        | $      | -                      |   |     | 472,274,864 |       | $      | 47,228  |   | $             | 4,805,216 |          | $      | -       |   | $      | -      |   | $ | - |   | $ | (10,058,168 | ) | $ | (5,205,724 | ) |
| Common                stock issued in exchange notes payable in January 2008 at $0.0008                per                share   |   |                           | -      |                        |   | -                      |   |     | 75,000,000  |       |   | 7,500   |   |          | 52,500    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 60,000 |   |
| Common                stock issued in exchange notes payable in February 2008 at $0.00085                per                share |   |                           | -      |                        |   | -                      |   |     | 13,058,824  |       |   | 1,306   |   |          | 9,794     |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 11,100 |   |
| Common                stock issued in exchange notes payable in February 2008 at $0.00085                per                share |   |                           | -      |                        |   | -                      |   |     | 21,323,530  |       |   | 2,132   |   |          | 12,368    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 14,500 |   |
| Common                stock issued in exchange notes payable in March 2008 at $0.00085                per                share    |   |                           | -      |                        |   | -                      |   |     | 30,000,000  |       |   | 3,000   |   |          | 15,000    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 18,000 |   |
| Common                stock issued in exchange notes payable in March 2008 at $0.0004 per                share                    |   |                           | -      |                        |   | -                      |   |     | 16,750,000  |       |   | 1,675   |   |          | 5,025     |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 6,700 |   |
| Common                stock issued in exchange notes payable in March 2008 at $0.0003 per                share                    |   |                           | -      |                        |   | -                      |   |     | 133,333,334 |       |   | 13,334  |   |          | 26,666    |          |   | -       |   |   | -      |   |   | - |   |   | - |   |   | 40,000 |   |
| Net                income                                                                                                         |   |                           | -      |                        |   | -                      |   |     | -           |       |   | -       |   |          | -         |          |   | -       |   |   | -      |   |   | - |   |   | 2,299,933 |   |   | 2,299,933 |   |
| Balance,                March 31, 2008                                                                                            |   |                           | -      |                        | $      | -                      |   |     | 761,740,552 |       | $      | 76,175  |   | $             | 4,926,569 |          | $      | -       |   | $      | -      |   | $ | - |   |   | (7,758,235 | ) |   | (2,755,491 | ) |

----

| **SYNDICATION,                INC.**                              |
|-------------------------------------------------------------------|
| **(A                development stage company)**                  |
| **(formerly                SYNDICATION.NET.COM, INC.)**           |
| **CONDENSED                CONSOLIDATED STATEMENT OF CASH FLOWS** |
| **(unaudited)**                                                   |

|                                                                                                       |   | Three                months ended March 31, |       | From                inception of the development stage on January 1, 2004 through March                31, |   |
|------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|------------|------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                       |   | 2008                                        |       | 2007                                                                                                       |   | 2008 |   |
|                                                                                                       |   |                                        |       | (restated)                                                                                                 |   | (restated) |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                        |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Net                income (loss)                                                                           |   | $                                           | 2,299,933  |                                                                                                       | $      | (444,399 | ) | $ | (5,526,716 | ) |
| Adjustments                to net loss to net cash used in operations:                                     |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Depreciation                                                                                               |   |                                        | 5,019      |                                                                                                       |   | - |   |   | 15,325 |   |
| Common                stock issued for services rendered                                                   |   |                                        | -          |                                                                                                       |   | 87,248 |   |   | 2,147,771 |   |
| Common                stock warrants issued for services rendered                                          |   |                                        | -          |                                                                                                       |   | 4,920 |   |   | - |   |
| Common                stock issued in settlement of debt                                                   |   |                                        | 50,300     |                                                                                                       |   | - |   |   | 174,200 |   |
| Impairment                of assets acquired with common stock                                             |   |                                        | -          |                                                                                                       |   | - |   |   | 260,750 |   |
| Beneficial                conversion feature                                                               |   |                                        | -          |                                                                                                       |   | - |   |   | 50,000 |   |
| Amortization                of debt discount                                                               |   |                                        | 47,514     |                                                                                                       |   | 34,231 |   |   | 686,308 |   |
| Amortization                of debt issuance cost                                                          |   |                                        | 13,793     |                                                                                                       |   | 13,793 |   |   | 117,162 |   |
| Gain                (loss) on change in fair value of debt derivative and warrant                liability |   |                                        | (2,726,165 | )                                                                                                          |   | 230,358 |   |   | (391,916 | ) |
| (Increase)                decrease in:                                                                     |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Prepaid                expenses                                                                            |   |                                        | 13         |                                                                                                       |   | (12,500 | ) |   | (417 | ) |
| Accounts                receivable                                                                         |   |                                        | (9,013     | )                                                                                                          |   | - |   |   | (9,013 | ) |
| Deposits                                                                                                   |   |                                        | (2,260     | )                                                                                                          |   |   |   |   | (2,260 | ) |
| (Decrease)                increase in:                                                                     |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Accounts                payable and accrued liabilities                                                    |   |                                        | 95,867     |                                                                                                       |   | (38,945 | ) |   | (18,410 | ) |
| Net                cash used in operating activities                                                       |   |                                        | (224,999   | )                                                                                                          |   | (125,294 | ) |   | (2,497,216 | ) |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                        |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Purchases                of property, plant and equipment                                                  |   |                                        | (44,661    | )                                                                                                          |   | - |   |   | (52,203 | ) |
| Net                cash used in investing activities                                                       |   |                                        | (44,661    | )                                                                                                          |   | - |   |   | (52,203 | ) |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                        |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Proceeds                (payments) from issuance of convertible debentures, net                            |   |                                        | -          |                                                                                                       |   | - |   |   | 1,250,000 |   |
| Sale                of common stock                                                                        |   |                                        | -          |                                                                                                       |   | - |   |   | 50,000 |   |
| Payment                of debt issuance costs                                                              |   |                                        | -          |                                                                                                       |   | - |   |   | (165,521 | ) |
| Proceeds                (payments) from notes payable, net                                                 |   |                                        | 110,320    |                                                                                                       |   | - |   |   | 1,451,500 |   |
| Payments                of lease obligations                                                               |   |                                        | (3,565     | )                                                                                                          |   | - |   |   | (3,565 | ) |
| Net                cash provided by financing activities                                                   |   |                                        | 106,755    |                                                                                                       |   | - |   |   | 2,582,414 |   |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Net                increase (decrease) in cash and cash equivalents                                        |   |                                        | (162,905   | )                                                                                                          |   | (125,294 | ) |   | 32,995 |   |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Cash                and cash equivalents, beginning of period                                              |   |                                        | 195,914    |                                                                                                       |   | 205,561 |   |   | 14 |   |
| Cash                and cash equivalents, end of period                                                    |   | $                                           | 33,009     |                                                                                                       | $      | 80,267 |   | $ | 33,009 |   |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES TO CASH FLOW INFORMATION                                           |   |                                        |       |                                                                                                       |   |   |
| Income                taxes paid                                                                           |   | $                                           | -          |                                                                                                       | $      | - |   | $ | - |   |
| Interest                paid                                                                               |   | $                                           | -          |                                                                                                       | $      | - |   | $ | 11,370 |   |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Non-Cash                Financing Activities                                                               |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
|                                                                                                       |   |                                        |       |                                                                                                       |   |   |   |   |   |   |
| Common                stock issued for deferred fees                                                       |   | $                                           | -          |                                                                                                       | $      | - |   | $ | 373,749 |   |
| Common                stock issued for converting notes payable                                            |   | $                                           | 50,300     |                                                                                                       | $      | - |   | $ | 525,863 |   |
| Common                stock issued for services rendered                                                   |   | $                                           | -          |                                                                                                       | $      | 87,248 |   | $ | 1,443,232 |   |
| Forgiveness                of debt- related party                                                          |   | $                                           | -          |                                                                                                       | $      | - |   | $ | 24,678 |   |
| Forgiveness                of debt                                                                         |   | $                                           | -          |                                                                                                       | $      | - |   | $ | 12,000 |   |

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      1 -   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING      POLICIES**

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      1 -   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES      (continued)**

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      1 -   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES      (continued)**

|                                                                                                     |   | Three                months ended March 31, 2008 |       |
|----------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|------------|
| Net                income used in computing basic net income per share                                   |   | $                                                | 2,299,933  |   |
| Impact                of assumed assumptions:                                                            |   |                                             |       |   |
| Amortization                of debt discount (interest expense) on convertible                debentures |   |                                             | 47,514     |   |
| Impact                of equity classified as liability:                                                 |   |                                             |       |   |
| Gain                on warrant liability and debt derivative marked to fair                value         |   |                                             | (2,726,165 | ) |
| Net                loss in computing diluted net income (loss) per share                                 |   | $                                                | (378,718   | ) |

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      1 -   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES      (continued)**

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      1 -   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES      (continued)**

*"Business      Combinations"*

*"Noncontrolling      Interest in Consolidated Financial Statements, an amendment of ARB      No. 51"*

**NOTE      2 - CAPITAL LEASE OBLIGATIONS**

|                                                           |   | March                31, 2008 |   | December                31, 2007 |   |
|----------------------------------------------------------------|--------|-------------------------------|--------|----------------------------------|--------|
| Equipment                                                      |   | $                             | 96,288 |                             | $      | 96,288 |   |
| Less:                Accumulated depreciation and amortization |   |                          | 13,607 |                             |   | 10,306 |   |
| Net                book value                                  |   | $                             | 82,681 |                             | $      | 85,982 |   |

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      2 - CAPITAL LEASE OBLIGATIONS (continued)**

|                                              |   | March                31, 2008 |   | December                31, 2007 |   |
|---------------------------------------------------|--------|-------------------------------|--------|----------------------------------|--------|
| Total                minimum lease payments       |   | $                             | 90,975 |                             | $      | 96,782 |   |
| Less:                amount representing interest |   |                          | 18,672 |                             |   | 20,914 |   |
| Subtotal                                          |   |                          | 72,303 |                             |   | 75,868 |   |
| Less                current portion               |   |                          | 15,379 |                             |   | 14,926 |   |
| Long                term portion                  |   | $                             | 56,924 |                             | $      | 60,942 |   |

| Year                ended December 31, |   |   |   |
|----------------------------------------|--------|--------|--------|
| 2008                                   |   | $      | 17,421 |   |
| 2009                                   |   |   | 23,228 |   |
| 2010                                   |   |   | 23,228 |   |
| 2011                                   |   |   | 23,228 |   |
| 2012                                   |   |   | 3,870  |   |
| Total                                  |   | $      | 90,975 |   |

**NOTE      3 -   NOTES PAYABLE**

**NOTE      4 -   RELATED PARTY TRANSACTIONS**

|                                                                                                                                    |   | March                31, 2008 |     |  December                31, 2007 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|----------|----------------------------------------|--------|
|                                                                                                                                    |   |                          |     |                              |   |
| Note                payable to a related party, due on demand, plus interest at 12% per                annum,                unsecured. |   | $                             | 776,107  |                                   | $      | 765,787 |   |
| Less:                Current Portion                                                                                                    |   |                          | (776,107 | )                                      |   | (765,787 | ) |
|                                                                                                                                    |   |                          |     |                                   |   |  |   |
| Long-Term                Notes Payable to a Related Party                                                                               |   | $                             | -        |                                   | $      | - |   |

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      5 - CONVERTIBLE DEBENTURES**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | March                31, 2008 |      |  December                31, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-----------|----------------------------------------|--------|
| Convertible                debentures, interest rate 7% per annum, due on demand. Note holder                has an                option to convert principal to the Company’s common stock at 60% of the                weighted average price for five days immediately preceding conversion                date, but not including conversion date with a minimum conversion                price of                $0.0002 per share. The notes are unsecured                                                                                                                                                                                                                                             |   | $                             | 60,000    |                                   |   | 60,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                          |           |                                   |   |   |   |
| Convertible                debentures; interest rate 12% per annum,; due three years from the                date of                the note; note holder has the option to convert unpaid note principal                to                the Company’s common stock at the lower of (i) $0.032 or (ii) 85% of the                lowest weighted average price during 30 trading days immediately                preceding                the conversion date, but not including conversion date. The Company                granted the note holder a security interest in substantially all                of the                Company’s assets and intellectual property and registration rights. |   | $                             | 975,800   |                                   | $      | 1,026,100 |   |
| Total:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                          | 1,035,800 |                                   |   | 1,086,100 |   |
| Less:                unamortized debt discount                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                          | (289,492  | )                                      |   | (387,306 | ) |
| Net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                          | 746,308   |                                   |   | 698,794 |   |
| Less                current maturities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                          | 655,623   |                                   |   | 177,561 |   |
| Long                term portion                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                             | 90,685    |                                   | $      | 521,233 |   |

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      5 - CONVERTIBLE DEBENTURES (continued)**

|  | · | The                Company allocated the proceeds received between convertible debt                and                detachable warrants based upon the relative fair market values on                the                dates the proceeds were received. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Subsequent                to the initial recording, the increase in the fair value of the detachable                warrants, determined under the Black-Scholes option pricing formula                and                the increase in the value of the embedded derivative in the conversion                feature of the convertible debentures are accrued as adjustments                to the                liabilities at year end and at the end of each                quarter. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | The                expense relating to the increase in the fair value of the Company’s stock                reflected in the change in the fair value of the warrants and derivatives                (noted above) is included as another comprehensive income item of                an                unrealized gain or loss arising from convertible financing on the                Company’s balance sheet. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Accreted                principal of $686,308 and $638,794 as of March 31, 2008 and December                31,                2007, respectively. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| Fiscal                Year    |   | Amount |    |
|-------------------------------|--------|--------|---------|
| 2008                          |   | $      | 125,800 |   |
| 2009                          |   |   | 850,000 |   |
| 2010                          |   |   | -       |   |
| 2011                and after |   |   | -       |   |
|                          |   | $      | 975,800 |   |

**NOTE      6 -   CAPITAL STOCK**

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      6 -   CAPITAL STOCK (continued)**

**NOTE      7 - WARRANTS AND OPTIONS**

|                                             |   | Options                     |        |                  Options         |   |
|--------------------------------------------------|--------|-----------------------------|-------------|---------------------------------------|--------|
|                                             |   | and                Warrants |        |                  or Warrants     |   |
|                                             |   | Outstanding                 |        |                  Price Per Share |   |
| Outstanding                at January 1, 2007    |   |                        | 120,000,000 |                                  | $      | 0.008                - 0.10 |   |
| Warrants                issued                   |   |                        | -           |                                  |   | - |   |
| Expired                                          |   |                        | -           |                                  |   | - |   |
| Forfeited                                        |   |                        | -           |                                  |   | - |   |
| Exercised                                        |   |                        | -           |                                  |   | - |   |
| Outstanding                at December, 31, 2007 |   |                        | 120,000,000 |                                  |   | 0.574 |   |
| Warrants                issued                   |   |                        | -           |                                  |   | - |   |
| Expired                                          |   |                        | -           |                                  |   | - |   |
| Forfeited                                        |   |                        | -           |                                  |   | - |   |
| Exercised                                        |   |                        | -           |                                  |   | - |   |
| Outstanding                at March 31, 2008     |   |                        | 120,000,000 |                                  |   | 0.574 |   |

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      7 - WARRANTS AND OPTIONS (continued)**

|                                              |       | **Outstanding**      |   | **Exercisable**                                                               |   |
|---------------------------------------------------|------------|---------------------------|--------|------------------------------------------------------------------------------------|--------|
| **Range                of****Exercise****Prices** |       | **Number****Outstanding** |   | **Weighted****Average****Remaining****Contractual****Life                (years)** |   | **Weighted**** Average****Exercise****Price** |   | **Number****Exercisable** |   | **Weighted****Average****Exercise****Price** |   |
| $                                                 | 0.008      |                      |   | 36,000,000                                                                         |   |   | 3.75 |   | $ | 0.008 |   |   | 36,000,000 |   | $ | 0.008 |   |
|                                              | 0.01       |                      |   | 36,000,000                                                                         |   |   | 3.75 |   |   | 0.01 |   |   | 36,000,000 |   |   | 0.01 |   |
|                                              | 0.02       |                      |   | 21,000,000                                                                         |   |   | 3.75 |   |   | 0.02 |   |   | 21,000,000 |   |   | 0.02 |   |
|                                              | 0.05       |                      |   | 16,000,000                                                                         |   |   | 3.75 |   |   | 0.05 |   |   | 16,000,000 |   |   | 0.05 |   |
|                                              | 0.10       |                      |   | 11,000,000                                                                         |   |   | 3.75 |   |   | 0.10 |   |   | 11,000,000 |   |   | 0.10 |   |
|                                              |            |                      |   |                                                                                    |   |   |  |   |   |  |   |   |  |   |   |  |   |
|                                              |            |                      |   |                                                                                    |   |   |  |   |   |  |   |   |  |   |   |  |   |
| $                                                 | 0.008-0.10 |                      |   | 120,000,000                                                                        |   |   | 3.75 |   | $ | 0.574 |   |   | 120,000,000 |   | $ | 0.574 |   |

**NOTE      8 - GOING CONCERN MATTERS**

**NOTE      9 - RESTATEMENT OF FINANCIAL STATEMENTS**

| - | Increase                derivative and warrant liabilities by $374,204 due to errors in fair                value                calculations |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------|

| - | Increase                deficit accumulated during development stage by                $374,204. |
|---|--------------------------------------------------------------------------------------------------|

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      9 - RESTATEMENT OF FINANCIAL STATEMENTS (continued)**

|                                                                    |   | As                of December 31, 2007 |       |
|-------------------------------------------------------------------------|--------|----------------------------------------|------------|
|                                                                    |   | (As                Restated)           |       | (As                Reported) |   |
|                                                                    |   |                                   |       |   |   |
| **ASSETS**                                                              |   | $                                      | 344,478    |   |   | 344,478 |   |
|                                                                    |   |                                   |       |   |   |   |   |
| **LIABILITIES                AND DEFICIENCY IN STOCKHOLDERS' EQUITY**   |   |                                   |       |   |   |   |   |
|                                                                    |   |                                   |       |   |   |   |   |
| Total                Current Liabilities                                |   |                                   | 1,483,778  |   |   | 1,483,778 |   |
|                                                                    |   |                                   |       |   |   |   |   |
| Derivative                and warrant Liability                         |   |                                   | 3,484,249  |   |   | 3,110,045 |   |
|                                                                    |   |                                   |            |   |   |  |   |
| Long                term debt                                           |   |                                   | 582,175    |   |   | 582,175 |   |
|                                                                    |   |                                   |       |   |   |   |   |
| Deficiency                in Stockholders' Equity:                      |   |                                   |            |   |   |  |   |
| Preferred                Stock                                          |   |                                   | -          |   |   | - |   |
| Common                Stock                                             |   |                                   | 47,228     |   |   | 47,228 |   |
| Additional                Paid-In-Capital                               |   |                                   | 4,805,216  |   |   | 4,805,216 |   |
| Deficit                Accumulated Prior to Development Stage           |   |                                   | (2,231,519 | ) |   | (2,231,519 | ) |
| Deficit                Accumulated During Development Stage             |   |                                   | (7,826,649 | ) |   | (7,452,445 | ) |
| Total                Stockholders' Deficit                              |   |                                   | (5,205,724 | ) |   | (4,831,520 | ) |
| Total                Liabilities and Deficiency in Stockholders' Equity |   | $                                      | 344,478    |   |   | 344,478 |   |

| - | Increase                the loss on change in fair value of debt derivative and warrant liability                by $56,484 |
|---|-----------------------------------------------------------------------------------------------------------------------------|

|                                                                                                  |   | For                the three months ended March 31, 2007 |        | For                the Period January 1, 2004 (Date of Inception) Through March 31,                2007 |   |
|-------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|-------------|---------------------------------------------------------------------------------------------------------|--------|
|                                                                                                  |   |  (As                Restated)                       |        | (As                Reported)                                                                            |   |  (As                Restated) |   | (As                Reported) |   |
|                                                                                                  |   |                                                     |        |                                                                                                    |   |   |   |   |   |
| Operating                Expenses:                                                                    |   |                                                     |        |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Selling                general and administrative                                                     |   | $                                                        | 113,133     |                                                                                                    | $      | 113,133 |   | $ | 3,346,467 |   | $ | 3,346,467 |   |
|                                                                                                  |   |                                                     |        |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Total                Operating Expenses                                                               |   |                                                     | 113,133     |                                                                                                    |   | 113,133 |   |   | 3,346,467 |   |   | 3,346,467 |   |
| Operating                Loss                                                                         |   |                                                     | (113,133    | )                                                                                                       |   | (113,133 | ) |   | (3,346,467 | ) |   | (3,346,467 | ) |
|                                                                                                  |   |                                                     |        |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Net                gain/(loss) on revaluation of debt derivative and warrant                liability |   |                                                     | (230,358    | )                                                                                                       |   | (173,874 | ) |   | (1,804,680 | ) |   | (1,748,196 | ) |
| Other                income (expense)                                                                 |   |                                                     | (21,709     | )                                                                                                       |   | (21,709 | ) |   | (871,143 | ) |   | (871,143 | ) |
| Interest                income (expense)                                                              |   |                                                     | (79,199     | )                                                                                                       |   | (79,199 | ) |   | (429,327 | ) |   | (429,327 | ) |
|                                                                                                  |   |                                                     |        |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Net                Income (Loss)                                                                      |   | $                                                        | (444,399    | )                                                                                                       | $      | (387,915 | ) | $ | (6,451,617 | ) | $ | (6,395,133 | ) |
| Gain                (Loss) per common share                                                           |   | $                                                        | (0.00       | )                                                                                                       | $      | (0.00 | ) |   |   |   |   |   |   |
| (basic                and assuming dilution)                                                          |   |                                                     |        |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Weighted                average shares outstanding                                                    |   |                                                     | 180,182,586 |                                                                                                    |   | 180,182,586 |   |   |   |   |   |   |   |

| - | Increase                in loss for the three months ended March 31, 2007 as described                above |
|---|-------------------------------------------------------------------------------------------------------------|

| - | Change                the reported loss on change in debt derivative and warrant liability                with                the cash used in operating                activities |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SYNDICATION,      INC.**

**(Formerly      Syndication Net.com, Inc) **

**(A      Development Stage Company)**

**Notes      to the Unaudited Condensed Consolidated Financial      Statements**

**March      31, 2008**

**NOTE      9 - RESTATEMENT OF FINANCIAL STATEMENTS (continued)**

|                                                                                                                   |   | For                the Three months ended March 31, 2007 |     | For                the Period January 1, 2004 (Date of Inception) Through March 31,                2007 |   |
|------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|----------|---------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                   |   |  (As                Restated)                       |     | (As                Reported)                                                                            |   |  (As              Restated) |   | (As                Reported) |   |
| Cash                Flows from operating activities:                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Net                loss                                                                                                |   | $                                                        | (444,399 | )                                                                                                       | $      | (387,915 | ) | $ | (6,451,617 | ) | $ | (6,395,133 | ) |
| Summary                of adjustments to reconcile net loss to net cash (used in) operating                activities: |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Change                in fair value of debt derivative and warrant liabilities                                         |   |                                                     | 230,358  |                                                                                                    |   | 173,874 |   |   | 1,804,680 |   |   | 1,748,196 |   |
|                                                                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Other                operating activities - see Cash Flow statement for full                details                    |   |                                                     | 88,747   |                                                                                                    |   | 88,747 |   |   | 3,787,277 |   |   | 3,787,277 |   |
| Net                cash (used in) operating activities                                                                 |   |                                                     | (125,294 | )                                                                                                       |   | (125,294 | ) |   | (859,660 | ) |   | (859,660 | ) |
|                                                                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Cash                flows from investing activities:                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| -                see Cash Flow statement for full details                                                              |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Net                cash (used in) investing activities                                                                 |   |                                                     | -        |                                                                                                    |   | - |   |   | (824,126 | ) |   | (824,126 | ) |
|                                                                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Cash                flows from financing activities:                                                                   |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| -                see Cash Flow statement for full details                                                              |   |                                                     |     |                                                                                                    |   |   |   |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                               |   |                                                     | -        |                                                                                                    |   | - |   |   | 1,764,039 |   |   | 1,764,039 |   |
| Increase                (decrease) in cash and cash equivalents                                                        |   |                                                     | (125,294 | )                                                                                                       |   | (125,294 | ) |   | 80,253 |   |   | 80,253 |   |
| Cash                and cash equivalents, beginning of year                                                            |   |                                                     | 205,561  |                                                                                                    |   | 205,561 |   |   | 14 |   |   | 14 |   |
| Cash                and cash equivalents, end of year                                                                  |   | $                                                        | 80,267   |                                                                                                    |   | 80,267 |   | $ | 80,253 |   |   | 80,267 |   |

**NOTE 10 - SUBSEQUENT      EVENTS**

----

**ITEM      2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS      OF      OPERATIONS**

**Introduction**

**Sy-Med      Decompression Inc.**

**RESULTS      OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31,      2008**

----

*Revenue      Recognition*

*Accounts      Receivable, Trade and Allowance for Doubtful Accounts.*

*Inventories.*

*Derivative      Financial Instruments.*

*Off-Balance      Sheet Arrangements*

*Inflation*

*Income      Taxes*

----

**Net      Income / Loss**

**Revenue**

**Cost      of Goods Sold**

**Gain/loss      on change in derivative and warrant liability**

**Expenses**

**Liquidity      and Capital Resources**

----

**Off-Balance      Sheet Arrangements**

**ITEM      3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET      RISK**

----

**ITEM      4(A) - CONTROLS AND PROCEDURES**

**ITEM      4(A)T - INTERNAL CONTROL OVER FINANCIAL REPORTING**

**PART      II - OTHER INFORMATION**

**ITEM      1 - LEGAL PROCEEDINGS**

**ITEM      2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**ITEM      3 - DEFAULTS UPON SENIOR SECURITIES**

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

**ITEM      5 - OTHER INFORMATION**

----

**ITEM      6 - EXHIBITS **

| 31.1   | Certification                of the Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule                15d-14(a) of the Securities Exchange Act of 1934                                                      |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                |
| 31.2   | Certification                of the Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule                15d-14(a) of the Securities Exchange Act of 1934                                                      |
|   |                                                                                                                                                                                                                |
| 32.1   | Certification                of the Company's Chief Executive Officer Pursuant to 18 U.S.C. SS.                1350                Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of                2002 |
|   |                                                                                                                                                                                                                |
| 32.2   | Certification                of the Chief Financial Officer Pursuant to 18 U.S.C. SS. 1350 Adopted                Pursuant to Section 906 of the Sarbanes-Oxley Act of                2002                          |

----

**SIGNATURES**

**SYNDICATION,      INC.**

| May                20, 2008 | ***/s/Brian                Sorrentino***             |
|-----------------------------|------------------------------------------------------|
|                        | Brian                Sorrentino                      |
|                        | Chief                Executive Officer               |
|                        | (Principal                Executive Officer)         |
|                        |                                                 |
| May                20, 2008 | ***/s/Mrutyunjaya                S. Chittavajhula*** |
|                        | Mrutyunjaya                S. Chittavajhula          |
|                        | Chief                Financial Officer               |
|                        | (Principal                Accounting Officer)        |

----