UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-KSB

[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF
    1934 for the fiscal year ended December 31, 2007.


[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 for the transition period from
_______________________ to _____________


Commission File Number 000-26373


ROCKETINFO INC.
----------------------------------------------
(Name of small business issuer in its charter)


       DELAWARE                                    98-0196717
      ----------                                  ------------
(State or other jurisdiction of         (I.R.S. Employer incorporation
        or organization                        Identification No.)


701 Fifth Avenue, Suite 4200, Seattle, WA          98104
----------------------------------------------------------
(address of principal executive offices)         (Zip Code)


Issuer's telephone number 206-219-0146

Securities registered under Section 12(b) of the Exchange Act: NONE


Securities registered under Section 12(g) of the Exchange Act:
COMMON STOCK, PAR VALUE $0.001 PER SHARE


Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or
for such shorter period that Rocketinfo was required to file such
reports), and (2) has been subject to such filing requirements for the
past 90 days. [X] Yes [ ] No

Check if there is no disclosure  of delinquent  filers in response to
Item 405 of  Regulation  S-B is not contained in this form,  and no
disclosure will  be contained,   to  the  best  of  registrant's
knowledge,  in  definitive  proxy or information statements
incorporated  by reference in Part  III  of  this Form 10-KSB or any
amendment to this Form 10-KSB. [X]

<PAGE>2

Indicate by check mark whether Rocketinfo is a shell company (as
defined in Rule 12b-2 of the Exchange Act).  Yes [ ] No [x]

Issuer's consolidated and combined revenues for its most recent fiscal
year: $180,078.

As of March 28, 2008, the aggregate  market value of the voting and
non-voting common equity held by non-affiliates (assuming that the
issuer's only affiliates are  its  officers,  directors  and 10% or
greater  stockholders)  computed  by reference to the price at which
the common  equity was sold,  or the average bid and asked price of
such common equity, was $5,260,708.

As of March 08, 2008 the number of shares outstanding of the issuer's
common shares was 55,011,660.

Documents incorporated by reference: 8K

Transitional Small Business Disclosure Format (Check one): [ ]Yes [X]No






<PAGE>3

TABLE OF CONTENTS

PART 1

Item 1   DESCRIPTION OF BUSINESS                                4

Item 2.  DESCRIPTION OF PROPERTY                               10

Item 3.  LEGAL PROCEEDINGS                                     10

Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS   11

PART II

Item 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
         MATTERS                                               12

Item 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
         OPERATION                                             12

Item 7.  FINANCIAL STATEMENTS                                  16

Item 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
         ACCOUNTING AND FINANCIAL DISCLOSURE                   16

Item 8A.   CONTROLS AND PROCEDURES                             17

Item 8B.   OTHER INFORMATION                                   18

PART III

Item 9.   DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND
          CONTROL PERSONS AND CORPORATE GOVERANCE; COMPLIANCE
          WITH SECTION 16(a) OF THE EXCHANGE ACT               18

Item 10.  EXECUTIVE COMPENSATION                               20

Item 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT AND RELATED STOCKHOLDER MATTERS           21

Item 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
          AND DIRECTOR INDEPENDENCE                            24

Item 13.  EXHIBITS                                             24

Item 14.   PRINCIPAL ACCOUNTANT FEES AND SERVICES              25

SIGNATURES                                                     26



<PAGE>4
PART I

ITEM 1.  DESCRIPTION OF BUSINESS

(a) Business Development.

Rocketinfo Inc., a Delaware company incorporated in October 1998, has
its offices at 701 Fifth Avenue, Suite 4200, Seattle, Washington 98104
USA.  The telephone number is 206-219-0146.

From January 1, 2007 to December 31, 2007, Rocketinfo has generated
$180,078 in revenues from operations.

Pursuant to a series of share acquisition agreements dated August 3,
2004 and effective October 1st, 2004, Rocketinfo has acquired all of
the outstanding shares of Rocket Technologies Inc. (herein "Rocket
Technologies") in exchange for Eight Million (8,000,000) shares of
Rocketinfo's common stock, and cash payments in the amount of Four
Hundred Thousand Dollars ($400,000) to the shareholders of Rocket
Technologies.  The final Fifty Thousand ($50,000) payment pursuant to
the share acquisition agreements was paid by Rocketinfo on March 28th,
2005.

Since the acquisition of Rocket Technologies Rocketinfo has embarked
upon an aggressive sales, development and marketing program designed to
expand the number of clients utilizing Rocketinfo's news and business
information aggregation or infomediary services.

(b) Business of Issuer

OVERVIEW
--------
At the core of Rocketinfo's services and technology is a real-time news
and business information aggregation and search engine system.
Rocketinfo provides embedded search tools and services to 3rd party
search engines, portals and software vendors for use in applications
ranging from customer relationship management (CRM), business
intelligence (BI) and financial services.

Rocketinfo's infomediary services include a combination of next-
generation search technologies, proprietary approaches to the
extraction of valuable business information, and an extensive range of
delivery tools, (including RSS).  Rocketinfo search engine draws from
Rocketinfo's continuously updated index of over 16,000 Internet sites,
80,000 RSS and Weblog sources as well as client-defined content
channels.  At the core of Rocketinfo offering is a robust, proprietary
search engine and its extensive content database.

ROCKETINFO TECHNOLOGY
---------------------
Rocketinfo's technology provides intelligent software tools that index,
categorize and extract key concepts and data from current news and
business information.  These tasks are executed automatically, with
high-performance content storage, key-word and concept search



<PAGE>5

flexibility, and personalized multi-channel delivery via news portals,
emails, opt-in newsletters or alerts to recipients' desktops or mobile
wireless devices.

The following factors differentiate Rocketinfo search and content
technology and products from other competitors.

   -  A high-performance content storage system that uses advanced,
proprietary indexing, clustering and compression technology to allow
the content to be searched quickly without relying on expensive
computing resources.  Keyword and concept search flexibility, combined
with parametric search controls offer unlimited size, scope and
precision in the creation of the search expressions, without impacting
performance.

   -   Proprietary intelligent analytical tools improve the search and
analysis process by utilizing a "Knowledge Builder" module that helps
users define and extend the terms and scope of their  search.
Sophisticated ranking algorithms power a relevancy engine to ensure
that only truly relevant content is presented for further refinement
and analysis.  A specialized learning engine allows users to provide
feedback to a neural network that increases the relevance of the
results.

   -  Rocketinfo's multi-channel delivery system supports web
publishing, e-mail newsletters to both connected and wireless devices,
desktop alerts and XML data feeds that can be integrated with other
applications.  The company's autonomous processing technology allows
relevant information to be collected, analyzed and delivered without
the need for direct user intervention.

   -  Rocketinfo search engine automates, accelerates and greatly
simplifies the manner in which information is acquired, analyzed,
converted into useful knowledge and distributed to decision-makers.
All this allows for timelier and more informed business decisions with
strongly improved research efficiency and with the added bonus of lower
costs than other data alternatives.

   -  Rocketinfo's search engine system includes web robots, data
storage, search definition, retrieval and document ranking systems.
The search engine system components work together providing the tools
to scrape, index and compress network based unstructured/structured
data at regular intervals. Web based and application programming
interfaces (i.e. XML, SOAP) allow for complex search query submission.
Rocketinfo document rank subsystem yields highly relevant results using
a combination of keyword and parametric analysis.

SALES AND MARKETING STRATEGY
----------------------------
Rocketinfo's business strategy is focused on sales and revenue
generation through



<PAGE>6
   -  licensing of Embedded Search products to application software
vendors and distribution of embedded search tools and content for CPM
and/or shared advertising revenue basis.
   -  distribution of consumer products for both volume-use (CPM) or
per-seat revenue and/or advertising revenue.

   Embedded Search Products
   ------------------------

Rocketinfo's business model in the embedded search products area is to
continue to license embedded search tools, content and services to
application software vendors on volume-use (CPM) or per-seat basis.
Rocketinfo is focused on partnering with vendors in the Business
Intelligence, CRM and Financial Services markets. Rocketinfo plans to
leverage these partners' existing customers, sales and marketing
organizations to generate and increase revenue.

Rocketinfo also plans to continue to provide embedded search tools and
content to internet portals and 3rd party search engines.  Rocketinfo
will continue licensing embedded search functionality on a volume-use
CPM) and/or shared revenue basis.  Rocketinfo will also continue to
provide content to portals and desktop applications (like RSS Readers)
and will be introducing highly targeted advertisements embedded in RSS
feeds

   Consumer Products
   -----------------

RocketNews.com
In order to showcase the search result accuracy, low cost of deployment
and scalability of our technologies, Rocketinfo launched RocketNews in
October 2000.  RocketNews is one of the first current news search
engines on the Internet (www.rocketnews.com).  Powered by Rocket's core
search technology, the public site provides a completely software-
driven breaking news portal updated every 15 minutes.  Users are able
to search for news from 16,000 Internet news sites, using a combination
of advanced Boolean expressions and parametric controls.  RocketNews
handles several million search requests a month, using a cluster of
Intel-based Dell servers.  Calculated over one year, the cost per
search request, including equipment and network connectivity, is
approximately 0.0001875 cents.  RocketNews was nominated for best News
Search Engine in 2003 and for a Webby Award for best Internet News Site
in 2004.  Rocketinfo is currently beginning to advertise on
RocketNews.com.

Rocketinfo RSS Reader
Rocketinfo has developed a web-based RSS Reader capable of managing and
viewing hundreds of feeds for each individual user.  The RSS Reader is
able to process RSS feeds published in the 0.91, 1.0 and 2.0 standards
as well as the newer ATOM publishing standard.  The reader provides a
number of features not found in competing products including search
tools for finding RSS feeds and the ability to create personalized
feeds.  Rocketinfo RSS Reader has been deployed as a free service
(http://reader.rocketinfo.com) since March 2004.  More than 35,000
users have signed up for the service.

<PAGE>7

Rocketinfo Desktop
Rocketinfo has been developing and testing the RocketNews Desktop, a
free desktop search tool with embedded advertisements.  Rocketinfo
introduced the preliminary version of the advanced "researcher" product
to its rocketnews.com web site for download by our web site users on
February 22nd, 2006.

   CURRENT OPERATIONS
   ------------------
Rocketinfo utilizes the services of full time and part time
consultants; and its Officers and Directors are experienced industry
consultants at conducting business.  Additionally, Rocketinfo has been
attempting to negotiate financing with which to continue and expand its
business operations.  Over the last year, management has taken the
steps described above to create a successful business model for
Rocketinfo.  Toward the end of the year, the difficulty of that model
to result in profitable operations resulted in a change in management
and an effort to streamline the business model and operations.
Rocketinfo has initiated the restructuring of its debt, and targeted
marketing efforts on increasing sales of new or improved products
related to the new Rocketinfo business model.  Management has also
hired additional technical staff to ensure that Rocketinfo can improve
upon and meet the demand for its products, and new sales and marketing
personnel to increase sales.  Rocketinfo has continued to negotiate
financing with which to continue and expand its business operations.
If Rocketinfo is not able to secure additional financing, it will not
be able to pursue the sales and marketing of its products as
aggressively as planned.  Management believes that cash flow from
operations related to the new business model, which is projected to
grow significantly during 2008, will be sufficient to allow Rocketinfo
to continue in business in 2008 and beyond.

Over the course of the year and subsequent to the year-end, management
has taken the steps described above to create a successful business
model for Rocketinfo.

Rocketinfo's management and the former management of Rocket
Technologies have been operating the new business venture as described
above.  There is no assurance that the new business venture will prove
as successful as anticipated.

Rocketinfo will also seek additional sources of capital through the
issuance of debt and equity financing.

The ability of Rocketinfo to continue as a going concern is dependent
on the success of Rocketinfo's business plan and may also require
additional sources of capital.  The financial statements do not include
any adjustments that might be necessary if Rocketinfo is unable to
continue as a going concern.



<PAGE>8

   Goodwill-Asset Impairment
   -------------------------

Pursuant to a series of share acquisition agreements dated August 3,
2004 and effective October 1st, 2004, Rocketinfo acquired all of the
outstanding shares of Rocket Technologies Inc. in exchange for Eight
Million (8,000,000) shares of Rocketinfo's common stock, and cash
payments in the amount of Four Hundred Thousand  Dollars  ($400,000) to
the shareholders of Rocket  Technologies.  As a result of the
acquisition, Rocketinfo carried goodwill as an asset on its balance
sheet as at December 31, 2006 in the amount of $3,975,000.  Rocketinfo
assesses the recoverability of the fair value of the goodwill at least
annually.

During the year ended December 31, 2007, Rocketinfo determined that
this intangible asset had failed to produce significant returns on its
investment.  Management is more fully aware of this intangible asset's
income producing capabilities, and has determined that a fair and
reasonable net of impairment value of this asset to be $975,000.

COMPETITION
-----------
Rocketinfo will encounter competition from other informediaries,
specialized search engines and competitive intelligence companies in
its efforts to market its products.  Rocketinfo's competitors include,
amongst others, specialized search engine companies, competitive
intelligence companies and numerous content companies.  Many of its
competitors are large, well-established companies with substantially
larger operating staffs and greater capital resources than those of
Rocketinfo and which have been engaged in the search and content
business for a much longer time than Rocketinfo.  Such companies may be
able to pay more for sales, marketing, and development and may be able
to identify, evaluate, bid for, and purchase a greater number of
content resources than Rocketinfo's financial or human resources
permit.

Rocketinfo's ability to acquire clients will be dependent upon its
ability to identify suitable business prospects and to consummate
transactions in this highly competitive environment.  Rocketinfo
believes that its proprietary technology, skilled development team and
the experience of management generally enables it to compete
effectively.  Many of Rocketinfo's competitors, however, have financial
resources that are substantially greater than those of Rocketinfo,
which may adversely affect Rocketinfo's ability to compete with these
companies.

PATENTS, TRADEMARKS, AND LICENSES
---------------------------------
Rocketinfo protects or will protect its intellectual property through a
combination of trade secrets, confidentiality agreements, trademarks,
license agreements and patents.  We currently have one trademark for
"Rocketinfo" and numerous confidentiality agreement license agreements
in place.  We have no patents in place.  However we anticipate using
all of these devices over the next 12 months to protect our
intellectual property.

<PAGE>9

REGULATION
----------
Our business is subject to a variety of U.S. and foreign laws, which
could subject us to claims or other remedies based on the nature and
content of the information searched or displayed by our products and
services, and could limit our ability to provide information regarding
regulated industries and products.

The laws relating to the liability of providers of online services for
activities of their users are currently unsettled both within the U.S.
and abroad.  Other information and search companies have been
threatened and filed against under both U.S. and foreign law for
defamation, libel, invasion of privacy and other data protection
claims, tort, unlawful activity, copyright or trademark infringement,
or other theories based on the nature and content of the materials
searched and the ads posted or the content generated by our users.  It
is also possible that we could be held liable for misinformation
provided over the web when that information appears in our web search
results.  If one of these complaints is filed and results in liability
to us, it could be potentially costly, encourage similar lawsuits,
distract management and harm our reputation and possibly our business.
In addition, increased attention focused on these issues and
legislative proposals could harm our reputation or otherwise affect the
growth of our business.

The application to us of existing laws regulating or requiring licenses
for certain businesses of our advertisers, including, for example,
distribution of pharmaceuticals, adult content, financial services,
alcohol or firearms, can be unclear.  Existing or new legislation could
expose us to substantial liability, restrict our ability to deliver
services to our users, limit our ability to grow and cause us to incur
significant expenses in order to comply with such laws and regulations.

Several other federal laws could have an impact on our business.
Compliance with these laws and regulations is complex and may impose
significant additional costs on us.  For example, the Digital
Millennium Copyright Act has provisions that limit, but do not
eliminate, our liability for listing or linking to third-party web
sites that include materials that infringe copyrights or other rights,
so long as we comply with the statutory requirements of this act.

We also face risks associated with international data protection.  The
interpretation and application of data protection laws in Europe and
elsewhere are still uncertain and in flux.  It is possible that these
laws may be interpreted and applied in a manner that is inconsistent
with our data practices.  If so, in addition to the possibility of
fines, this could result in an order requiring that we change our data
practices, which in turn could have a material effect on our business.

EMPLOYEES OR CONSULTANTS
------------------------
Currently, Rocketinfo has nine full time and part time consultants,
some of whom are also current officers.  All of the consultants are



<PAGE>10

engaged on a full time or part time basis, and are paid salaries.  None
of the consultants are represented by a collective bargaining
agreement.

(c) Reports to security holders.

Rocketinfo is not required to deliver an annual report to security
holders and will not send an annual report voluntarily. Rocketinfo
files reports electronically with the Securities and Exchange
Commission, namely, Forms 10KSB, 10QS and 8-K.  The public may read and
copy any materials Rocketinfo's files with the SEC at the SEC's Public
Reference Room at 450 Fifth Street, N.W., Washington, D.C. 20549.  The
public may obtain information on the operation of the Public Reference
Room by calling the SEC at 1-800-SEC-0330.  The SEC maintains an
Internet site that contains reports, proxy and information statements,
and other information  regarding  issuers that file  electronically
with  the  SEC  at:  http://www.sec.gov/  The  Company's  Internet
address  is: http://www.rocketinfo.com/


ITEM 2.  DESCRIPTION OF PROPERTY

(a) Rocketinfo's principal administrative offices during 2007 were
located at 3101 West Coast Highway, Suite 210, Newport Beach, CA 92660
which consisted of one office.  Subsequent to the year-end, Rocketinfo
office has moved to 701 Fifth Avenue, Suite 4200, Seattle, Washington
98104 USA.

(b) Investment Policies.

Rocketinfo has no policy on investments in real estate or interests in
real estate, investments in real estate mortgages, or securities of or
interests in persons primarily engaged in real estate activities.

(c) Description of Real Estate and Operating Data.

Rocketinfo does not hold or intend to acquire any real estate.


ITEM 3.  LEGAL PROCEEDINGS

During the year ending December 31, 2007, Moskowitz Altman & Hughes LLP
received a default judgment against Rocketinfo in the amount of
$92,576.80 including the base amount of the judgment, costs, and
interest.  Management will attempt to seek a mutual settlement of the
judgment but there can be no assurance that the amount of the payment
due to the Plaintiff will be less than all costs, the judgment amount
and interest accrued.

Also during the year ending December 31, 2007, Rocketinfo entered into
a settlement with the legal firm of Freeman Davis LLP (the "Plaintiff")
with regard to a lawsuit by that Party seeking $34,040.86 plus
prejudgment interest since September 18, 2000 and attorney's fees of
twenty five percent of the total amount owed.  The Plaintiff has agreed

<PAGE>11

to settle this matter by the payment of $20,000.00 (the "Settlement
Amount") without interest, such payment to be made in four equal
installments of $5,000.00 per installment to begin on the first day of
the month following execution of the Settlement Agreement until the
amount is paid in full.  An officer of Rocketinfo signed the Settlement
Agreement on April 17, 2007.  The Agreement stated that if Rocketinfo
does not perform the obligations assumed in the settlement, the
plaintiff may simply enter judgment for the entire amount it claims in
the lawsuit and Rocketinfo cannot defend against it.  As of December
31, 2007 Rocketinfo has made three payments of $5,000.00.  As of
December 31, 2007 Rocketinfo was in default of the Settlement
Agreement.  The balance of $5,000.00 remains outstanding.

During the year ended December 31, 2007 Murray Owen, a former officer
and director of Rocketinfo, received a default judgment against
Rocketinfo in the amount of $50,501.42 including the base amount of the
judgment, costs, and interest.  Management will attempt to seek a
mutual settlement of the judgment but there can be no assurance that
the amount of the payment due to the Plaintiff will be less than all
costs, the judgment amount and interest accrued.  During the year ended
December 31, 2005, Rocketinfo commenced an action against Murray Owen.
The lawsuit has become dormant and Rocketinfo has yet to determine
whether to revive or re-file the action.

The Canadian Press has taken legal against Rocketinfo and seeks an
injunction to prevent Rocketinfo from 1) producing, reproducing,
selling or distributing CP's news items and 2) communicating CP's news
items to the public by telecommunication, or 3) otherwise infringing on
the Plaintiff copyright.  Rocketinfo is vigorously defending against
this action but is also seeking to come to some sort of commercial
settlement with the Plaintiff such that both parties in the action can
enjoy a mutually beneficial partnership rather than the continuous
outlay of legal costs.

Newport Harbor Offices and Marina, LLC has filed a notice of unlawful
detainer against Rocketinfo related to its former office space.
Rocketinfo has defended the action but would expect to seek to come to
some sort of commercial settlement with the Plaintiff.

Rocketinfo has recorded on its financial statements ended December 31,
2007 a contingent liability of $97,954 related to invoices submitted to
Rocketinfo by Savvis Communications Inc. for purported web hosting.  In
the event of a lawsuit over the matter, Rocketinfo would defend it
vigorously, and if it were determined by Rocketinfo to have any merit,
then Rocketinfo would expect to seek to come to some sort of commercial
settlement with the Plaintiff.


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

No matters were submitted to a vote of security holders during the year
end December 31 2007, through solicitation of proxies or otherwise.



<PAGE>12

PART II

ITEM 5.  MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Rocketinfo's common stock is traded on the NASD Over-the-Counter
Bulletin Board System under the symbol "RKTI".  The high and low bid
information reflected in the table below represents the range of high
and low bids for the common stock for each quarter within the last two
fiscal years.  The quotations reflect inter-dealer prices, without
retail mark-up, mark-down or commission and may not represent actual
transactions.

         QUARTER ENDED                      LOW PRICE       HIGH PRICE
         -------------                      ---------         --------
         March 31, 2006                      $0.19             $0.21
         June 30, 2006                       $0.16             $0.17
         September 30, 2006                  $0.19             $0.21
         December 31, 2006                   $0.14             $0.17

          March 31, 2007                     $0.14             $0.22
          June 30, 2007                      $0.16             $0.18
          September 30, 2007                 $0.19             $0.31
          December 31, 2007                  $0.04             $0.11

         (Source: YAHOO Finance; RKTI.OB; Historical Prices)


As of December 31, 2007, there were approximately 150 holders of record
of Rocketinfo's common stock.

Rocktetinfo has not paid any cash dividends on the Common Stock and has
no present intention to declare or pay cash dividends on the common
stock in the foreseeable future.  Rocketinfo intends to retain any
earnings that it may realize in the foreseeable future to finance its
operations.


ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Plan of Operations
------------------
For the period from its inception through the end of the reporting
period, Rocketinfo has received $817,489 in revenues.  Operating
activities during the year have been related primarily to establishing
the management and operating infrastructure, as well as the
commencement of marketing activities related to Rocketinfo suite of
search, competitive intelligence and business intelligence products.
Additionally, Rocketinfo has been attempting to negotiate financing
with which to continue and expand its business operations. Over the
last twelve months, management has taken the steps described above to
create a successful business model for Rocketinfo.  Toward the end of
the year, the difficulty of that model to result in profitable
operations resulted in a change in management and an effort to
streamline the business model and operations.  Rocketinfo has initiated
the restructuring of its debt, and targeted marketing efforts on

<PAGE>13

increasing sales of new or improved products related to the new
Rocketinfo business model.  Management has also hired additional
technical staff to ensure that Rocketinfo can improve upon and meet the
demand for its products, and new sales and marketing personnel to
increase sales.  Rocketinfo has continued to negotiate financing with
which to continue and expand its business operations.  If Rocketinfo is
not able to secure additional financing, it will not be able to pursue
the sales and marketing of its products as aggressively as planned.
Management believes that cash flow from operations related to the new
business model, which is projected to grow significantly during 2008,
will be sufficient to allow Rocketinfo to continue in business in 2008
and beyond.

Rocketinfo will continue to implement operations described above to
participate in the search sector and the marketing of related
infrastructure services.

Rocketinfo has only limited assets.  As a result, there can be no
assurance that Rocketinfo will generate significant revenues in the
future or operate at a profitable level. Rocketinfo in its previous
business ventures has been unable to successfully establish and
implement and successfully execute its business and marketing strategy.
Rocketinfo has limited operating history in the internet news search
sector.  In order to succeed, Rocketinfo must obtain customers and
generate sufficient revenues so that it can profitably operate.

Liquidity and Capital Resources
-------------------------------
                                            2007                2006
                                            ----                ----
TOTAL CURRENT ASSETS                         59,728             55,161
TOTAL CURRENT LIABILITIES                 1,042,144            519,415

WORKING CAPITAL SURPLUS/ (DEFICIENCY)      (982,416)          (464,254)

The working capital surplus has decreased by $ 518,162 from December
31, 2006 to December 31, 2007.  Cash increased by $1,053 over the same
period.  The decrease in working capital surplus and increase in cash
was substantially due to expenses generated by Rocketinfo in expanding
its sales operations, a contingent liability of $97,954, a net increase
in current assets of $4,567 a net increase of capital raised during the
fiscal year 2007 of $188,208.  It is anticipated that additional
funding for the next twelve months will be required to achieve the
objectives of Rocketinfo's current business plan.  Attempts are ongoing
to raise funds through various equity mechanisms.  Rocketinfo has and
will also consider using various debt instruments as well as public
offerings to raise such capital as is needed to supplement the revenue
of Rocketinfo during 2008.



<PAGE>14

General and Administrative Expenses
-----------------------------------
General and administrative expenses increased from $1,688,258 to
$2,030,858 an increase of $342,600 over 2006.  This increase was due to
an increase in costs associated with the commencement and expansion of
operations in the search software business.

Net Loss
--------
Rocketinfo's net loss increased from $2,164,946 in 2006 to $5,181,002
in 2007 primarily due to an increase in general and administrative
costs and an increase due to the impairment of the asset.  Rocketinfo
recognized $180,000 for stock based compensation related to its former
Chairman and Chief Executive Officer as per Note 2.Stockholder's
Equity.  Rocketinfo recognized expenses for stock-based compensation of
$40,757 and interest of $63,818 on the beneficial conversion feature of
the Secured Convertible Note dated December 20, 2007 and interest of
$25,957 on the beneficial conversion feature of two other Convertible
Notes dated December 20, 2007 during the year ended December 31, 2007.
At December 31, 2007, Rocketinfo had a stockholders' deficit of
$12,410,021.  Rocketinfo is currently in its operating stage and has
expended a substantial amount of funds to date.  The sales of
Rocketinfo for fiscal years 2006 and 2007 were respectively $342,415
and $180,078.

Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers
------------------------------------------------------------------
On February 19, 2007 Bill Ganz was elected director and President, and
Phil Bode was appointed CEO of Rocketinfo.  On August 7, 2007, Phil
Bode resigned as director and CEO of Rocketinfo.  On August 15, 2007
Ray Welt resigned as director of Rocketinfo.  On December 19, 2007 Bill
Ganz resigned as director and President of Rocketinfo.  Subsequent to
the year-end, on March 25, 2008 Maria C. Maz was appointed Treasurer
and Philip Graves was appointed President of Rocketinfo.  Subsequent to
the year-end, on April 11, 2008 Carol Laws was elected director of
Rocketinfo.  Subsequent to the year-end, on April 11, 2008 Carol Laws
resigned as director of Rocketinfo for personal reasons.

Inflation
---------
Although Rocketinfo believes that inflation has not had a material
adverse effect on the results of the operations to date, any increase
in costs to Rocketinfo could affect the net income or loss of
Rocketinfo.

Recent Sales of Unregistered Securities; Entry into a Material
Definitive Agreement; and Related Party Transactions
----------------------------------------------------
Rocketinfo agreed to issue as of December 20, 2007 Secured Convertible
Note for the satisfaction of debt in the amount of $191,455 convertible
at any time in whole or in part into restricted common shares of
Rocketinfo at $.03 per share.  The Note accrues interest at an annual
rate of 12% payable quarterly, and has a term of one year.  The Note is
secured by a General Security Agreement entered into as of December 20,

<PAGE>15

2007 granting a continuing security interest in, and a lien upon as
security, all property and interests in property of Rocketinfo
including all accounts, equipment, general intangibles, securities, and
any resulting proceeds and products.  Subsequent to the year-end
Rocketinfo issued Notes on the same terms in the aggregate amount of
$35,000 (the "New Notes") on January 10, 2008 as to $10,000, on
February 4, 2008 as to $10,000, and on March 12, 2008 as to $15,000.
These New Notes were subsequently retired or repaid by way of the
issuance of 1,166,667 shares of restricted common stock at $.03 per
share pursuant to a private placement for the resolving of debt in the
aggregate amount of $292,621, with a closing date of April 15, 2008, as
described below.  Rocketinfo recognized interest of $63,818 on the
beneficial conversion feature of the Secured Convertible Note during
the year ended December 31, 2007.

Rocketinfo agreed to issue as of December 20, 2007 Convertible Notes
for the satisfaction of debt in the amount of $88,700 convertible at
any time in whole or in part into restricted common shares of
Rocketinfo at $.03 per share.  The Notes accrue interest at an annual
rate of 12% payable quarterly, and have a term of one year. Rocketinfo
recognized interest of $25,957 on the beneficial conversion feature of
the Convertible Notes during the year ended December 31, 2007.

Subsequent to the year-end, Rocketinfo agreed to issue as of March 26,
2007 Convertible Notes for the satisfaction of debt in the amount of
$28,500 convertible at any time in whole or in part into restricted
common shares of Rocketinfo at $.03 per share.  The Notes accrue
interest at an annual rate of 12% payable quarterly, and have a term of
one year.

Subsequent to the year-end, Rocketinfo agreed to issue 9,754,043
restricted shares of common stock at $.03 per share pursuant to a
private placement for the satisfaction of debt in the aggregate amount
of $292,621, with a closing date of April 15, 2008.  Part of this
placement is a related party transaction with a named executive officer
as to $74,000 representing 2,466,667 restricted shares issued to
Prosper Financial Inc., a company of which Maria C. Maz is President.
Part of this placement is a related party transaction with a named
executive officer as to $78,500 representing 2,616,667 restricted
shares issued to McNabb Holdings Ltd., a company of which Philip Graves
is President.  Part of this placement as to $35,000 represents
1,166,667 restricted shares which were issued to retire or repay the
New Notes, being $35,000 of Secured Convertible Notes as described
above.

Changes to Bylaws
-----------------
Subsequent to the year-end, on April 11, 2008, Rocketinfo made the
following changes to its Bylaws.  The text of Article II, Section 6(d)
was deleted and made to be written as follows:  "Any resolution in
writing, signed by a majority of the shareholders entitled to vote
thereon, shall be and constitute action by such shareholders to the
effect therein expressed, with the same force and effect as if the same



<PAGE>16

had been duly passed by the same majority vote at a duly called meeting
of shareholders, and such resolution so signed shall be inserted in the
Minute Book of the Corporation under its proper date."

The text of Article III, Section 1(a) was deleted and made to be
written as follows:  "The number of the directors of the Corporation
shall be a minimum of two (2), unless and until otherwise determined by
a vote of the majority of the entire Board of Directors."

Change of Office Address
------------------------
Rocketinfo's principal administrative offices were formerly located at
3101 West Coast Highway, Suite 210, Newport Beach, CA 92660.
Subsequent to the year-end, Rocketinfo office has moved to 701 Fifth
Avenue, Suite 4200, Seattle, Washington 98104 USA.

Granting of Stock Options
-------------------------
Subsequent to the year-end, Rocketinfo approved changes, adjustments or
amendments to existing stock options and granted new options pursuant
to Rocketinfo's 1998 Stock Option Plan as of April 10, 2008 with a
closing date of April 15, 2008.  The aggregate number of 4,404,000
stock options were granted to Directors, Officers and consultants of
Rocketinfo exercisable at $.08 per share at any time in whole or in
part until April 10, 2013.  Two of these option grants were to named
executive officers of Rocketinfo.  1,500,000 of these options were
granted to Maria C. Maz, Treasurer and Secretary of Rocketinfo, and
1,500,000 of these options were granted to Philip Graves, President of
Rocketinfo.

Disclosures Regarding Forward-Looking Statements
------------------------------------------------
This report contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements regarding our plans, objectives, expectations  and
intentions.  Although we believe the statements and projections are
based upon reasonable assumptions, actual results may differ from those
that we have projected.


ITEM 7. FINANCIAL STATEMENTS

Financial Statements

The response to this item is being submitted as a separate section of
this report beginning on page 27.


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

There have been no changes in or disagreements with accountants on
accounting or financial disclosure matters during the periods covered
by this Annual Report on Form 10-K.

<PAGE>17


ITEM 8A. CONTROLS AND PROCEDURES

Changes in Internal Controls

During the year ended December 31, 2007, there were no changes in our
internal controls over financial reporting (as defined in Rule 13a-
15(f) and 15d-15(f) under the Exchange Act) that have materially
affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, we
conducted an evaluation of our disclosure controls and procedures, as
such term is defined under Rule 13a-15(e) and Rule 15d-15(e)
promulgated under the Securities Exchange Act of 1934, as amended, as
of December 31, 2007.  Based on this evaluation, our chief executive
officer and chief principal financial officers have concluded such
controls and procedures to be effective as of December 31, 2007 to
ensure that information required to be disclosed by the issuer in the
reports that it files or submits under the Act is recorded, processed,
summarized and reported, within the time periods specified in the
Commission's rules and forms and to ensure that information required to
be disclosed by an issuer in the reports that it files or submits under
the Act is accumulated and communicated to the issuer's management,
including its principal executive and principal financial officers, or
persons performing similar functions, as appropriate to allow timely
decisions regarding required disclosure.

Management's Report on Internal Control over Financial Reporting

Management of Advanced ID is responsible for establishing and
maintaining adequate internal control over financial reporting as
derived in Rule 13a-15(f) under the Securities Exchange Act of 1934.
We have assessed the effectiveness of those internal controls as of
December 31, 2007, using the Committee of Sponsoring Organizations of
the Treadway Commission ("COSO") Internal Control Integrated Framework
as a basis for our assessment.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements.  Projections of any
evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.  All internal control systems, no matter how well
designed, have inherent limitations.  Therefore, even those systems
determined to be effective can provide only reasonable assurance with
respect to financial statement preparation and presentation.

A material weakness in internal controls is a deficiency in internal
control, or combination of control deficiencies, that adversely affects
Advanced ID's ability to initiate, authorize, record, process, or

<PAGE>18

report external financial data reliably in accordance with accounting
principles generally accepted in the United States of America such that
there is more than a remote likelihood that a material misstatement of
the Corporation's annual or interim financial statements that is more
than inconsequential will not be prevented or detected.  In the course
of making our assessment of the effectiveness of internal controls over
financial reporting, we have not identified any material weaknesses in
our internal control over financial reporting.  Therefore, it is our
conclusion that Rocketinfo's internal controls over financial reporting
were effective as of December 31, 2007.

This annual report does not include an attestation report of the
Corporation's registered public accounting firm regarding internal
control over financial reporting.  Management's report was not subject
to attestation by our registered public accounting firm pursuant to
temporary rules of the Securities and Exchange Commission that permit
Rocketinfo to provide only management's report in this annual report.


ITEM 8B.  OTHER INFORMATION
None


PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
AND CORPORATE GOVERANCE; COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE
ACT

The Board of Directors is comprised of only one class.  There are no
arrangements or understandings pursuant to which any person has been
elected as a director or executive officer of Rocketinfo.  Directors
are elected annually by the stockholders and hold office until the next
annual meeting of stockholders and until their respective successors
are elected and qualified.  Executive officers are appointed by the
board of directors and hold office until their respective successors
are appointed.  There is no family relationship among any directors or
executive officers of Rocketinfo.

The following table sets forth information concerning each of the
directors and executive officers of Rocketinfo:

Names                      Age   Position
------                     ---   ---------
Maria C. Maz                37    Director and Secretary
                                  From December 2005 to Present
    Treasurer
                                  From March 25 2008 to Present
Philip Graves               54    Director
                                  From December 2005 to Present
                                  President
                                  From March 25 2008 to Present



<PAGE>19

Maria C. Maz B.A. (Bus Admin).  Ms. Maz has been an Officer and
Director of Dulcin Izmir Corporation since April 2005.  From 2002 to
present, Ms. Maz has been the President of Prosper Financial, Inc., a
management company that currently has a contract with China Granite
Corporation, a reporting company that mines, processes and distributes
various granites and produces and distributes Rare Earth metals and
alloys.  In this role, Ms. Maz acts as secretary and treasurer of China
Granite.  From May 2004 to March 2005, Ms. Maz was president and
director of FUSA Capital Corporation, a reporting company engaged in
ownership, development and marketing video and audio search engine
technology.  From 2000-2002, Ms. Maz was executive assistant and
investment analyst for Auron 2000, Inc., a company engaged in
consulting and management of companies in several industries from
biotechnology to internet.  From 1996 - 2002 Ms. Maz was a founder and
president of a company dedicated to sales and massive distribution in
Colombia.  Previously, Ms. Maz participated with Millicom International
in the bid for cellular communications in Colombia and as regional
manager for Celcaribe S.A.  Ms. Maz received a bachelor degree in
business administration with areas of concentration in marketing and
finances from the Universidad de los Andes, Colombia in 1993.

Philip Graves.  Mr. Graves has been working in the capital markets for
20 years helping to organize, manage and direct public and private
companies.  In addition to being a director of Rocketinfo, he is
president of Excalibur Investments Ltd, a privately held investment
company with a principal interest in startup and turnaround
opportunities.  He is a former director and president, respectively, of
Nanovation Inc., a developer of integrated optical switches and wires,
and its parent Stamford International Inc.

Corporate Governance
--------------------
Rocketinfo has not established procedures by which security holders may
recommend nominees to the board of directors nor does the board of
directors have a separately designated nominating committee, or
committee performing similar functions.

Rocketinfo's board of directors does not have a process for security
holders to send communications to the board of directors.  The board of
directors believes Rocketinfo's limited size and current level of
activity render such a formal process cumbersome and unnecessary.

Section 16(A) Beneficial Ownership Reporting Compliance
-------------------------------------------------------
Section 16(a) of the Securities Exchange Act of 1934 requires
Rocketinfo's executive officers, directors, and persons who own more
than ten percent of a registered class of Rocketinfo's equity
securities to file reports of ownership with the Securities and
Exchange Commission and NASD.  Executive officers, directors, and
greater than ten-percent stockholders are required by SEC regulation to
furnish Rocketinfo with copies of all Section 16(a) forms they file.



<PAGE>20

Based solely upon a review of Forms 3 and Forms 4 furnished to
Rocketinfo during the most recent fiscal year, and Forms 5 with respect
to its most recent fiscal year, we believe that all such forms required
to be filed pursuant to Section 16(a) of the Exchange Act were timely
filed, as necessary, by the officers, directors and security holders
required to file the same during the fiscal year ended December 31,
2007.

Code of Ethics
--------------
Rocketinfo has not adopted a code of ethics that applies to its
principal executive officer, principal financial officer, principal
accounting officer or controller, or persons performing similar
functions.  Rocketinfo believes its limited size, resources, and
current level of activity render a code of ethics cumbersome and
unnecessary.


ITEM 10. EXECUTIVE COMPENSATION

The following table summarizes all compensation awarded to, earned by,
or paid to the chief executive officer of Rocketinfo and other
executive officer (collectively, the "Named Executive Officers") for
services rendered in all Capacities to Rocketinfo for each of
Rocketinfo's last three fiscal years.  No other executive officer of
Rocketinfo received total salary and bonus in excess of $100,000 during
any of the last three fiscal years.

Summary Compensation Table
<TABLE>
                                                                    Long Term Compensation
                        Annual Compensation                       Awards               Payouts
 (a)                    (b)     (c)            (d)      (e)        (f)           (g)      (h)            (i)
                                                       Other                  Securities                   All
Name                                                   Annual Restricted      Underlying   LTIP           Other
and                                                    Compen-   Stock          Options/   Pay-          Compen-
Principal                       Salary        Bonus    sation    Awards          SARs      Outs          sation
Position                Year      ($)          ($)       ($)       ($)           (#)       ($)             ($)

                     <c>       <c>          <c>       <c>       <c>            <c>      <c>             <c>
Maz, Sec/Treas         2007       60,000        $0        $0     1,500,000          0        $0             $0
                       2006          n/a        $0        $0         0              0        $0             $0
                       2005          n/a        $0        $0         0              0        $0             $0
Ganz, President        2007      174,194(1)  $60,000      $0     2,500,000          0        $0             $0
                       2006      180,000        $0        $0     1,800,000          0        $0             $0
                       2005            0        $0        $0         0              0        $0             $0
Thornell, Director     2007       75,000        $0        $0         0              0        $0             $0
of Research            2006       66,000        $0        $0       350,000          0        $0             $0
                       2005            0        $0        $0         0              0        $0             $0
DeJean, Director       2007            0        $0        $0         0              0        $0             $0
  of Business          2006       82,000   $28,416        $0       350,000          0        $0             $0
  Development          2005            0        $0        $0         0              0        $0             $0
Bode, CEO              2007       80,500        $0        $0     1,500,000          0        $0             $0
                       2006          n/a        $0        $0         0              0        $0             $0
                       2005          n/a        $0        $0         0              0        $0             $0
Campbell, CEO          2007          n/a        $0        $0     1,500,000          0        $0             $0
                       2006          n/a        $0        $0         0              0        $0             $0
                       2005      240,000        $0        $0    2,000,000           0        $0             $0
Vanwell, CTO           2007      120,000        $0        $0      200,000           0        $0             $0
                       2006          n/a        $0        $0         0              0        $0             $0
                       2005          n/a        $0        $0         0              0        $0             $0
</TABLE>
<PAGE>21

(1) Mr. Ganz was paid as a consultant to Rocketinfo until his
resignation.
(2) Mr. Bode was paid as a consultant to Rocketinfo until his
resignation.
(3) Ms. Maz is paid as a consultant to Rocketinfo through a company
owned by Ms. Maz.

Compensation of Directors
-------------------------
There is no general arrangement for the compensation of directors.

Employment Contracts and Termination of Employment and Change-In-Control
Arrangements; Entry into a Material Definitive Agreement
--------------------------------------------------------------
There are currently two consultant agreements between Rocketinfo and its
named executive officers.

Subsequent to the year-end, on March 10, 2008 Rocketinfo entered into a
management contract with Prosper Financial, Inc. ("Prosper"), a company
of which Maria C. Maz is President.  The contract provides for payment
of $9,000 for October, 2007, $9,000 for November, 2007, and $10,000
each month thereafter, and a hiring bonus of $46,000 in consideration
of Prosper entering into the Agreement going forward and in
acknowledgement of the value of the past services of Maria C. Maz as a
director and / or officer of Rocketinfo since 2005.  Subsequent to the
year-end, on March 10, 2008 Rocketinfo entered into a management
contract with McNabb Holdings Ltd., a company of which Philip Graves is
President.  The contract provides for payment of $4,250 for October,
2007, $4,250 for November, 2007, $4,250 for December, 2007 and $6,500
each month thereafter, and a hiring bonus of $44,000 in consideration
of McNabb entering into the Agreement going forward and in
acknowledgement of the value of the past services of Philip Graves as a
director and/or officer of Rocketinfo since 2005.

Report on Repricing of Options/SARs
-----------------------------------
During the fiscal year ended December 31, 2007, Rocketinfo did not
adjust or amend the exercise price of stock options or SARs previously
awarded to any of the Named Executive Officers.


ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth the information as at December 31, 2007
with respect to compensation plans (including individual compensation
arrangements) under which equity securities of Rocketinfo are
authorized for issuance:



<PAGE>22

Equity Compensation Plan Information
<TABLE>
                                                                       Number of securities
                                                                       available for future
                       Number of securities to   Weighted-average      issuance under equity
                       be issued upon exercise   exercise price of     compensation plans
                       of outstanding options    outstanding options,  (excluding securities
Plan Category          warrants and rights       warrants and rights   in column (a)
                              (a)                      (b)                    (c)

                           <c>                      <c>                    <c>
Equity compensation                 0                $0.00                 1,000,000
Plans approved by
Security holders

Equity compensation        10,100,000                $0.20                         0
Plans not approved by
Security holders
                           ----------                -----                 ---------
Total                      10,100,000                $0.20                 1,000,000
</TABLE>
Rocketinfo's 1998 Stock Option Plan (the "Plan) was established to
provide equity incentives to employees, including officers, non-
employee members of the board of directors of Rocketinfo, and other
eligible persons to provide a means through which Rocketinfo may
attract able persons to serve the Company, by granting such persons
options to purchase shares of stock of Rocketinfo.  The Plan permits
the granting of incentive stock options and non-qualified stock
options.  The maximum number of options issuable thereunder was
increased from 8,500,000 to 11,100,000 during the year ended December
31, 2006.  The exercise price of an option is established by the fair
market value of the common shares of Rocketinfo on the date of which
the option is granted.

During the year ended December 31, 2007, Rocketinfo received $689,441
in cash, the conversion of three promissory notes in the aggregate
amount of $142,766 and the resolving of debt in the amount of $130,372
for 6,433,817 shares of restricted common stock that were issued in the
offering pursuant to Regulation D, Rule 505, of the Securities Act of
1933, as amended.

During the year 2007, Rocketinfo issued 675,000 shares of restricted
common stock for services rendered to Rocketinfo in the amount of
$89,250.Rocketinfo also issued 1,800,000 shares valued at $90,000 under
the terms of management contracts held by two former officers of
Rocketinfo.  No cash compensation was received by Rocketinfo on the
issuance of these shares to the former officers.

There have been no other issuances of common and/or preferred stock
during the year ended December 31, 2007.




<PAGE>23

(a) Security ownership of certain beneficial owners.

The following table sets forth information, as of December 31, 2007,
for any person (including any "group") who is known to Rocketinfo to be
the beneficial owner of more than five percent of any class of
Rocketinfo's voting securities:
<TABLE>
Title of Class           Name and Address        Amount                   % of Class

                          <c>                   <c>                       <c>
Common Shares            Cadaques SA             2,789,134                   5.07%
                         Avedida Brasil 3031
                         Apt 102, Montevideo
                         Uruguay
Common Shares            Ricardo Requena         2,904,531                   5.28%
                         25 De Mayo 444,
                         P2, Montevideo
                         Uruguay
</TABLE>
(1) Mario Rovella is the beneficial owner of Cadaques SA.

(b) Security ownership of management.

The following table sets forth information, as of December 31, 2007, as
to each class of equity securities of Rocketinfo beneficially owned by
all directors, each of the Named Executive Officers, and directors and
executive officers of Rocketinfo as a group.  Shown in column (3) is
the total number of shares beneficially owned and in column (4) the
percent of class so owned.  Beneficial ownership has been determined in
accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as
amended.  Generally, a person is deemed to be the beneficial  owner  of
a  security  if he has the  right  to  acquire  voting  or investment
power within 60 days of the date of this Report.
<TABLE>
Title of Class            Name and Address of     Amount and Nature of      Percent of Class
                          Beneficial Owner         Beneficial Owner

                            <c>                      <c>                      <c>
Common Shares            Maria C. Maz               2,349,667(1)                4.27%
                         4801 Alhambra Circle
                         Coral Gables, FL 33146

Common Shares            Philip M. Graves             304,900(2)                0.55%
                         489 - 1641 Lonsdale Ave
                         North Vancouver, B.C. V7M 2J5
</TABLE>
(1)Includes 1,500,000 shares Ms. Maz has the right to acquire within
sixty days from options.
(2) Includes 250,000 shares Mr. Graves has the right to acquire within
sixty days from options.

(c)  As of December 31, 2007, there are no arrangements that may result
in a change in control of Rocketinfo.




<PAGE>24

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
         INDEPENDENCE

Certain Relationships and Related Transactions

None.

Director Independence
The Corporation's Board of Directors consists of Maria C. Maz and
Philip Graves.  They are both independent as such term is defined by a
national securities exchange or an inter-dealer quotation system.
During the fiscal year ended December 31, 2007, there were no
transactions with related persons other than as described in the
section above entitled "Item 10. Executive Compensation".


ITEM 13. EXHIBITS

The following exhibits are included herein:
<TABLE>
Exhibit Description
-------  ------------------------------------------------------

         <c>
3.1      Certificate of Incorporation of Rocketinfo (incorporated by reference
         to Rocketinfo's Form 10-SB filed with the Securities and Exchange
         Commission on August 13, 1999).
3.2      By-Laws of Rocketinfo (incorporated by reference to Rocketinfo's Form
         10-SB filed with the Securities and Exchange Commission on August 13,
         1999).
3.3      Amendment to Certificate of Incorporation of Rocketinfo, Inc.
         (incorporated by reference to Rocketinfo's Schedule 14C filed on
         November 19, 2002)
4.1      Specimen of Common Stock Certificate (incorporated by reference to the
         Company's Form 10-SB filed with the Securities and Exchange Commission
         on August 13, 1999).
10.1     Company's 1998 Qualified Stock Option Plan (incorporated by reference
         to Rocketinfo's Registration Statement on Form 10KSB filed on January
         30, 2002)
10.2     Company's 1998 Non-Qualified   Stock Option Plan (incorporated by
         reference to Rocketinfo's Registration Statement on Form 10KSB filed
         on January 30, 2002)
31.1     Certification Pursuant to Rule 13a-14 of the Securities Exchange Act of
         1934.
31.2     Certification Pursuant to Rule 13a-14 of the Securities Exchange Act of
         1934.
32       Certifications Pursuant to Rule 13a-14(b) of the Securities Exchange
         Act of 1934.
</TABLE>



<PAGE>25

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The following table sets forth fees for services provided by Moore &
Associates for fiscal year 2007 and 2006;
                                      2007           2006
                                     ------         ------

         Audit Fees (1)              $17,400         $15,000
         Audit-related fees(1)             0               0
         Tax fees (2)                      0               0
         All other fees                    0               0
                                     -------         -------
         Total                       $17,400         $15,000

(1)  Represents fees for professional services provided in connection
with the audit of Rocketinfo's annual financial statements and review
of Rocketinfo's quarterly financial statements.

(2)  Represents fees for professional services and advice provided in
connection with preparation of federal and state tax returns.

Generally, the board of directors approves in advance audit and non-
audit services to be provided by Moore & Associates.  In other cases,
in accordance with Rule 2-01(c) (7) of Securities and Exchange
Commission Regulation S-X, the board of directors has delegated pre-
approval authority to Rocketinfo's CFO or Treasurer for matters which
arise or otherwise require approval between regularly scheduled
meetings of the board of directors, provided that the Secretary &
Treasurer report such approvals to the board of directors at the next
regularly scheduled meeting of the board of directors.

Rocketinfo intends to continue using Moore & Associates sole for audit
and audit-related services, and as needed, for tax consultation and tax
compliance services.



<PAGE>26

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, Rocketinfo
has caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

ROCKETINFO INC.

      Date:  April 15, 2008    /s/ Philip Graves
                               ---------------------------
                               Philip Graves
                               CEO

In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of Rocketinfo and in the capacities
and on the dates indicated.

/s/ Philip Graves
-------------------------------------
Philip Graves, CEO/Director                     Date: April 15, 2008

/s/ Maria C. Maz
-------------------------------------
Maria C. Maz, CFO/Director                      Date: April 15, 2008



<PAGE>27

MOORE & ASSOCIATES, CHARTERED
ACCOUNTANTS AND ADVISORS
PCAOB REGISTERED

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Rocketinfo, Inc and Subsidiary

We have audited the accompanying consolidated balance sheets of
Rocketinfo, Inc and Subsidiary as of December 31, 2007 and 2006, and
the related consolidated statements of operations, stockholders' equity
and cash flows for the years ended December 31, 2007 and 2006. These
financial statements are the responsibility of the Company's
management.  Our responsibility is to express an opinion on these
financial statements based on our audits.

We conducted our audits in accordance with standards of the Public
Company Accounting Oversight Board (United States).  Those standards
require that we plan and perform the audits to obtain reasonable
assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements.  An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation.  We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of
Rocketinfo, Inc and Subsidiary as of December 31, 2007 and 2006, and
the related consolidated statements of operations, stockholders' equity
and cash flows for the years ended December 31, 2007 and 2006, in
conformity with accounting principles generally accepted in the United
States of America.

The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern.  As discussed in Note 6
to the financial statements, the Company has not yet established an
ongoing source of revenues sufficient to cover its operating costs,
which raises substantial doubt about its ability to continue as a going
concern.  Management's plans concerning these matters are also
described in Note 6.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

/s/ Moore & Associates, Chartered

Moore & Associates Chartered
Las Vegas, Nevada
April 14, 2008

2675 S. Jones Blvd. Suite 109, Las Vegas, NV 89146
(702) 253-7499 Fax (702) 253-7501


<PAGE>28
ROCKETINFO, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2007 AND 2006

                                                2007         2006
                                                ----         ----
                     ASSETS
Current assets:
  Cash                                         $    2,670   $    1,617
  Accounts receivable, net                         32,375       39,070
  Prepaid expenses                                 24,683       14,474
                                               ----------   ----------
      Total current assets                         59,728       55,161
Equipment, net                                     64,149       81,980
Security deposit                                   11,898       11,898
Goodwill                                          975,003    3,975,003
                                               ----------   ----------
   Total assets                                $1,110,778   $4,124,042
                                               ==========   ==========

                  LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                893,190      376,468
  Contingent liabilities                           97,954            -
  Loan payable                                     51,000      142,947
                                               ----------   ----------
   Total current liabilities                    1,042,144      519,415
                                               ----------   ----------
Long term liabilities:
  12% convertible notes                           280,155            -
                                               ----------   ----------
   Total long term liabilities                    280,155            -
                                               ----------   ----------
   Total liabilities                            1,322,299      519,415
                                               ----------   ----------
Stockholders' equity:
  Preferred stock, $.001 par value,
    5,000,000 shares authorized, none issued            -            -
  Common stock, $.001 par value, 95,000,000
    shares authorized, 55,011,660 shares and
    46,102,843 issued and outstanding
    respectively                                   55,012       46,103
  Additional paid-in capital                   11,084,863    9,728,917
  Contributed capital                           1,058,625    1,058,625
  Common stock subscriptions                            -            -
  Deficit accumulated during the development
    stage                                     (12,410,021)  (7,229,018)
                                               ----------    ---------
    Total stockholders' equity                   (211,521)   3,604,627
                                               ----------    ---------
    Total liabilities and stockholders'
      equity                                   $1,110,778   $4,124,042
                                              ===========   ==========

The accompanying notes are an integral part
of these financial statements

<PAGE>29
ROCKETINFO, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
DECEMBER 31, 2007 AND 2006

                                               2007          2006
                                               ----          ----
Revenues:  Sales                            $180,078       $342,415
  Miscellaneous income                             -              -
                                            --------       --------
                                             180,078        342,415
Expenses:
  Depreciation                                21,690         14,075
  General and administrative               2,030,858      1,688,258
  Interest on convertible notes               89,775              -
  Employee stock options                      40,757              -
  Executive compensation                     180,000              -
  Stock based compensation                         -        893,750
  Impairment of asset                      3,000,000              -
                                           ---------      ---------
                                           5,363,080      2,596,083
    Loss before other item:               (5,183,002)    (2,253,668)
Other item:
  Gain on debt settlement                      2,000         88,722
                                           ---------      ---------
  Provision for Income Taxes                       -              -
                                           ---------      ---------
    Net loss                              (5,181,002)    (2,164,946)
                                           =========      =========
Basic net loss per common share                (0.10)         (0.05)
                                           =========      =========

Weighted average common shares
  outstanding                             50,469,108     41,907,002
                                          ==========     ==========

The accompanying notes are an integral part
of these financial statements



<PAGE>30
ROCKETINFO, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
DECEMBER 31, 2007 AND 2006

                                               2007          2006
                                               ----          ----
Operating activities:
  Net income (loss)                         $(5,181,003)  $(2,164,946)
  Adjustments to reconcile net loss to
    net cash used in operating activities:
    Depreciation                                 21,690        14,075
    Stock for Services                                -        99,600
    Stock based compensation                          -       893,750
    Gain on debt settlement                           -       (88,722)
    Changes in operating assets and liabilities:
      Accounts receivable                         6,695        18,319
      Prepaid expenses                          (10,209)      (14,474)
      Security deposit                                -       (11,898)
      Accounts payable and accrued liabilities  516,722       321,736
      Contingent liabilities                     97,954             -
      Impairment of asset                     3,000,000             -
      Deferred revenues                               -       (11,511)
                                             ----------    ----------
        Net cash provided (used) by
          operating activities               (1,548,151)     (944,071)

Investing activities:
  Purchase of equipment
       Net cash provided (used) by
          investing activities                   (3,859)      (50,339)
                                             ----------    ----------
Financing activities:
  Loans payable                                 (91,947)      122,737
  12% convertible notes                         280,155             -
  Proceeds from issuance of common stock, net 1,364,855       854,945
  Common stock subscriptions                          -             -
  Contributed capital                                 -             -
                                             ----------    ----------
       Net cash provided (used) by
         financing activities                 1,553,063       977,682
                                             ----------    ----------
       Net increase (decrease) in cash            1,053       (16,728)
Cash at beginning of period                       1,617        18,345
                                             ----------    ----------
Cash at end of period                        $    2,670    $    1,617
                                             ==========    ==========

Supplemental information
  Taxes                                      $        -    $        -
                                             ==========    ==========
  Interest                                   $        -    $        -
                                             ==========    ==========

The accompanying notes are an integral part
of these financial statements

<PAGE>31
ROCKETINFO, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
DECEMBER 31, 2007
(CONTINUED ON NEXT PAGE)
<TABLE>
<CAPTION>
	                                                Issued            Subscribe            Additional
                                             Common Stock        Common Stock            Paid -in
                                           Shares    Amounts   Shares   Amounts          Capital
                                           -----------------   ----------------        -----------

                                          <c>       <c>      <c>        <c>              <c>
BALANCE, December 31, 2005              37,407,041     37,407           -            -   8,783,068
                                        ==========     ======  ==========     ========  ==========
Stock issued for services                  620,000        620           -            -      98,980
Stock issued pursuant to
  private placement                      8,075,802      8,076           -            -     846,869
Capital contributed                              -          -           -            -           -
Net(loss) for the period                         -          -           -            -           -
                                         ----------  --------  ----------     --------
BALANCE, December 31, 2006              46,102,843     46,103           -            -   9,728,918
                                        ==========   ========  ==========     ========  ==========
Stock issued for services                  375,000        375           -            -      61,875
Stock issued pursuant to
  private placement                      5,433,817      5,434           -            -     809,639
Cashless exercise of warrants            1,800,000      1,800           -            -     178,200
Stock issued pursuant to
  Private placement                      1,000,000      1,000           -            -     149,000
Stock issued for services                  300,000        300           -            -      26,700
Capital contributes                              -          -           -            -     130,532
                                        ----------   --------  ----------     --------  ----------
Net(loss) for the period                         -          -           -            -           -
                                        ----------   --------  ----------     --------  ----------
BALANCE, December 31, 2007              55,011,660     55,012           -            -  11,084,863
                                        ==========   ========  ==========     ========  ==========

</TABLE>



<PAGE>32
ROCKETINFO, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
DECEMBER 31, 2007
(CONTINUED)
<TABLE>
<CAPTION>
                                             Contributed       Accumulated
                                               Capital          (Deficit)        Total
                                           -----------------   ------------      -----

                                              <c>                <c>            <c>
BALANCE, December 31, 2005                      164,875        (5,064,072)     3,921,278
                                                =======        ==========      =========
Stock issued for services                             -                 -         99,600
Stock issued pursuant to
  private placement                                   -                 -        854,945
Capital contributed                             893,750                 -        893,750
Net(loss) for the period                              -        (2,164,946)    (2,164,946)
                                             ----------         ---------      ---------
BALANCE, December 31, 2006                    1,058,625        (7,229,018)     3,604,627
                                             ==========         =========      =========
Stock issued for services                             -                 -         62,250
Stock issued pursuant to
  private placement                                   -                 -        815,073
Cashless exercise of warrants                         -                 -        180,000
Stock issued pursuant to
  Private placement                                   -                 -        150,000
Stock issued for services                             -                 -         27,000
Capital contributed                                   -                 -        130,532
                                             ----------        ----------      ---------
Net(loss) for the period                              -        (5,181,002)    (5,181,002)
                                             ----------        ----------      ---------
BALANCE, December 31, 2007                    1,058,625       (12,410,020)      (211,520)
                                             ==========        ==========      =========
</TABLE>

See accompanying summary of accounting policies
and notes to consolidated financial statements



<PAGE>33
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES

(a) Corporate Organization

Rocketinfo Inc., a Delaware corporation (the "Company") was formed on
October 2, 1998 to focus on the development of digital microwave
products, including an ultra-high bandwidth digital microwave radio.

On October 9, 2002, a change in control of the Company occurred as the
selling shareholders sold 8,000,000 previously held shares of the
Company's outstanding common stock for cash of $8,000, which
constituted a majority ownership of the Company.  The new shareholders
became involved because of their expertise in the oil and gas business
and ability to seek funding to acquire oil and gas properties.

The Company gave additional consideration for the purchase as each
selling shareholder received a two-year option for 100,000 shares of
common stock.  These options were exercisable only in the second year
at $3.00 per share (see Note5).

The sale of shares by the selling shareholders was initiated as a
result of an exhaustive review by the Company's Board of Directors and
subsequent decision to focus its resources and management efforts on
pursuing opportunities in the oil and gas industry.  In keeping with
this strategy, the Board of Directors authorized a change in the
Company's name from Zeppelin Software, Inc. to Zeppelin Energy Inc.

The Company intended to attempt to acquire oil and gas properties,
primarily "proved producing and proved undeveloped reserves" in the
United States, Canada, and other foreign oil producing countries,
especially South America.  Domestically, the Company was to also
explore low-risk development drilling and work-over opportunities with
experienced operators.

The Company also hoped to build long-term relationships with strategic
partners and institutional investors and capture a significant position
in the oil and gas industry in hopes of offering meaningful returns  to
its shareholders.

The Company's attempt to finance oil and gas operations through a
combination of privately placed debt and/or equity proved to be
unsuccessful so on October 1, 2004 (Please see Note 5 below) the
Company moved into another field of enterprise through the acquisition
of Rocket Technologies Inc., a Canadian corporation, that developed
data mining and search engine software and applications.  The financial
statements include the accounts of the Company and its wholly owned
subsidiary, Rocket Technologies Inc on a consolidated basis and all
inter-company accounts have been eliminated.



<PAGE>34

ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES (Continued)

(b) Basis of Presentation

The accompanying financial statements are for the year ended December
31, 2007 and have been prepared by Rocketinfo, Inc.  In the opinion of
management, the accompanying audited financial statements contain all
adjustments, consisting only of normal recurring accruals, considered
necessary for a fair presentation of the Company's financial position
and results of operations for the period presented.  All references to
dollar amounts are in US$ unless otherwise identified.

The Company's financial statements have been prepared assuming the
Company will continue as a going concern.  At December 31, 2007, the
Company had a stockholders' equity of $ (195,429).

In view of these conditions, the Company's ability to continue as a
going concern is dependent upon its ability to obtain additional
financing or capital sources, to meet its financing requirements, and
ultimately to achieve profitable operations.  Management believes that
its current and future plans provide an opportunity to continue as a
going concern.  The accompanying financial statements do not include
any adjustments relating to the recoverability and classification of
recorded assets, or the amounts and classification of liabilities that
may be necessary in the event the Company cannot continue as a going
concern.

(c) Basic Loss Per Share

Basic loss per share is calculated by dividing net loss by the
weighted-average number of common shares outstanding during each
period.

(d) Income Taxes

The Company follows the asset and liability method of accounting for
income taxes.  Deferred tax assets and liabilities are recognized for
the estimated future tax consequences attributable to differences
between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases.  Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply
to taxable income in the years in which those temporary differences are
expected to be recovered or settled.

The effect on deferred tax assets and liabilities of a change in tax
rates is recognized as income in the period that included the enactment
date.  Deferred tax assets resulting principally from operating losses
have not been recognized.  The utilization of such net operating loss
may be severely limited due to past and future changes in control,
including stock issuances.

<PAGE>35
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES (Continued)

(e) Goodwill

Goodwill represents the excess cost of a business acquisition over the
fair value of the net assets acquired.  In accordance with Statement of
Financial Accounting Standards No. 142, Goodwill and Other Intangible
Assets (Statement 142), indefinite-life identifiable intangible assets
and goodwill are not amortized. Under the provisions of Statement 142,
we are required to perform an annual (or under certain circumstances
more frequent) impairment test of our goodwill. Goodwill impairment is
determined using a two-step process.  The first step of the goodwill
impairment test is used to identify potential impairment by comparing
the fair value of a reporting unit, which we define as our business
segments, with its net book value or carrying amount including
goodwill. If the fair value of a reporting unit exceeds its carrying
amount, goodwill of the reporting unit is considered not impaired and
the second step of the impairment test is unnecessary.  If the carrying
amount of a reporting unit exceeds its fair value, the second step of
the goodwill impairment test compares the implied fair value of the
reporting unit's goodwill with the carrying amount of that goodwill.
If the carrying amount of the reporting unit's goodwill exceeds the
implied fair value of that goodwill, an impairment loss is recognized
in an amount equal to that excess.  The implied fair value of goodwill
is determined in the same manner as the amount of goodwill recognized
in a business combination.  The fair value of the reporting unit is
allocated to all of the assets and liabilities of that unit including
any unrecognized intangible assets as if the reporting unit had been
acquired in a business combination and the fair value of the reporting
unit was the purchase price paid to acquire the reporting unit.  See
Note 5, Purchase of Subsidiary, for additional information regarding
goodwill.

(f) Estimates

The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent asset
and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

(g) Fair Value of Financial Instruments

Fair value estimates discussed herein are based upon certain market
assumptions and pertinent information available to management. The
respective carrying value of certain on-balance-sheet financial
instruments approximated their fair values. These financial instruments
included, accounts payable, loan payable, and other current



<PAGE>36
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES (Continued)

liabilities.  Fair values were assumed to approximate carrying values
for these financial instruments since they are short-term in nature or
they are receivable or payable on demand.

(h) Nonqualified Stock Option Plan

The Company accounts for stock options in accordance with Statement of
Financial Accounting Standards No. 123, Accounting for Stock-Based
Compensation ("SFAS123").Under SFAS 123, the recognition of
compensation expense is measured at the grant date based on the fair
value of options.  Such cost is recognized over the service period.
The Company has adopted the disclosure-only provisions of Statement of
Financial Accounting Standards No. 123, Accounting for Stock-Based
Compensation, ("SFAS 123").

(i) Recent Accounting Pronouncements

In December 2004, the FASB issued SFAS No. 153, "Exchanges of Non-
monetary Assets -An Amendment of APB Opinion No. 29".  The
guidance in APB Opinion No. 29, "Accounting for Non-monetary
Transactions", is based on the principle that exchanges of non-
monetary assets should be measured based on the fair value of the
assets exchanged.

The guidance in that Opinion, however, included certain exceptions to
that principle.  SFAS No. 153 amends Opinion No. 29 to eliminate the
exception for non-monetary exchanges of similar productive assets and
replaces it with a general exception for exchanges of non-monetary
assets that do not have commercial substance.  A non-monetary
exchange has commercial substance if the future cash flows of the
entity are expected to change significantly as a result of the
exchange.

The provisions of SFAS No. 153 are effective for non-monetary asset
exchanges occurring in fiscal periods beginning after June 15, 2005.
Early application is permitted and companies must apply the standard
prospectively.  The adoption of this standard is not expected to
have material effect on the Company's results of operations or
financial position.

In December 2004, the FASB issued SFAS No. 123R, "Share Based
Payment". SFAS 123R is a revision of SFAS No. 123 "Accounting for
Stock-Based Compensation", and supersedes APB Opinion No. 25,
"Accounting for Stock Issued to Employees" and its related
implementation guidance.  SFAS 123R establishes standards for the
accounting for transactions in which an entity exchanges its equity
instruments for goods or services.


<PAGE>37
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES (Continued)

It also addresses transactions in which an entity incurs liabilities
in exchange for goods or services that are based on the fair value of
the entity's equity instruments or that may be settled by the
issuance of those equity instruments.  SFAS 123R focuses primarily on
accounting for transactions in which an entity obtains employee
services in share-based payment transactions.

SFAS 123R does not change the accounting guidance for share-
based payment transactions with parties other than employees provided
in SFAS 123 as originally issued and EITF Issue No. 96-18,
"Accounting for Equity Instruments That Are Issued to Other Than
Employees for Acquiring, or in Conjunction with Selling, Goods or
Services".  SFAS 123R does not address the accounting for employee
share ownership plans, which are subject to AICPA Statement of Position
93-6,"Employers' Accounting for Employee Stock Ownership Plans".

SFAS 123R requires a public entity to measure the cost of employee
services received in exchange for an award of equity instruments based
on the grant-date fair value of the award (with limited exceptions).
That cost will be recognized over the period during which an employee
is required to provide service in exchange for the award - the
requisite service period (usually the vesting period).  SFAS 123R
requires that the compensation cost relating to share-based payment
transactions be recognized in financial statements.

That cost will be measured based on the fair value of the equity or
liability instruments issued. The scope of SFAS 123R includes a wide
range of share-based compensation arrangements including share options,
restricted share plans, performance-based awards, share appreciation
rights, and employee share purchase plans.

Public entities (other than those filing as small business
issuers) will be required to apply SFAS 123R as of the first interim
or annual reporting period that begins after June 15, 2005. Public
entities that file as small business issuers will be required to apply
SFAS 123R in the first interim or annual reporting period that begins
after December 15, 2005.

The interpretations in this staff accounting bulletin ("SAB") express
views of the staff regarding the interaction between Statement of
Financial Accounting Standards Statement No. 123 (revised 2004),
Share-Based Payment ("Statement 123R" or the "Statement") and certain
Securities and Exchange Commission ("SEC") rules and regulations and
provide the staff's views regarding the valuation of share- based
payment arrangements for public companies

In particular, this SAB provides guidance related to share-based
payment transactions with non-employees, the transition from
nonpublic to public entity status, valuation methods (including
assumptions such as expected volatility and expected term), the

<PAGE>38
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES (Continued)

accounting for certain redeemable financial instruments issued under
share-based payment arrangements, the classification of compensation
expense, non-GAAP financial measures, first-time adoption of
Statement 123R in an interim period, capitalization of Compensation
cost related to share-based payment arrangements, the accounting for
income tax effects of share-based payment arrangements upon adoption
of Statement 123R, the modification of employee share options prior
to adoption of Statement 123R and disclosures in Management's
Discussion and Analysis ("MD&A") subsequent to adoption of Statement
123R.

In May 2005, the FASB issued SFAS 154, Accounting Changes and Error
Corrections. This Statement replaces APB Opinion No. 20, Accounting
Changes, and SFAS No. 3, Reporting Accounting Changes in Interim
Financial Statements, and changes the requirements for the
accounting for and reporting of a change in accounting principle.
This Statement applies to all voluntary changes in accounting
principle.  The Company believes this Statement will have no
impact on the financial statements of the Company.

In March 2005, the FASB issued FASB Interpretation No. 47,
"Accounting for Conditional Asset Retirement Obligations, an
interpretation of FASB Statement No. 143" (FIN 47).  Asset
retirement obligations (AROs) are legal obligations associated with
the retirement of long-lived assets that result from the acquisition,
construction, development and/or normal operation of a long-lived
asset, except for certain obligations of lessees.

FIN 47 clarifies that liabilities associated  with asset retirement
obligations whose timing or settlement method are conditional on
future events should be recorded at fair value as soon as fair value
is reasonably estimable.  FIN 47 also provides guidance on the
information required to reasonably estimate the fair value of
the liability.

FIN 47 is intended to result in more consistent recognition of
liabilities relating to AROs among companies, more information
about expected future cash outflows associated with those obligations
stemming from the retirement of the asset(s) and more information
about investments in long-lived assets because additional asset
retirement costs will be recognized by increasing the carrying amounts
of the assets identified to be retired.  FIN 47 is effective for
fiscal years ending after December 15, 2005.

In November 2005, FASB issued FSP FAS 115-1 and FAS 124-1, "The
Meaning of Other- Than-Temporary Impairment and Its Application to
Certain Investments" ("FSP FAS 115-1"), which provides guidance on
determining when investments in certain debt and equity securities
are considered impaired, whether that impairment is other-than-

<PAGE>39
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES

temporary, and on measuring such impairment loss.  FSP FAS 115-1
also includes accounting considerations subsequent to the recognition
of another-than temporary impairment and requires certain disclosures
about unrealized losses that have not been recognized as other-than-
temporary impairments.

FSP FAS 115-1 is required to be applied to reporting periods beginning
after December 15, 2005.  The Company is required to adopt FSP FAS
115-1 in the second quarter of fiscal 2006.  Management does not
expect the adoption of this statement will have a material impact
on our results of operations or financial condition.

In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain
Hybrid Financial Instruments-an amendment of FASB Statements No. 133
and 140", to simplify and make more consistent the accounting for
certain financial instruments.  SFAS No. 155 amends SFAS No. 133,
"Accounting for Derivative Instruments and Hedging Activities"; to
permit fair value remeasurement for any hybrid financial instrument
with an embedded derivative that otherwise would require bifurcation,
provided that the whole instrument is accounted for on a fair value
basis.  SFAS No. 155 amends SFAS No. 140, "Accounting for the
Impairment or Disposal of Long-Lived Assets", to allow a qualifying
special-purpose entity to hold a derivative financial instrument that
pertains to a beneficial interest other than another derivative
financial instrument.  SFAS No. 155 applies to all financial
instruments acquired or issued after the beginning of an entity's first
fiscal year that begins after September 15, 2006, with earlier
application allowed.  This standard is not expected to have a
significant effect on the Company's future reported financial position
or results of operations.

In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing
of Financial Assets, an amendment of FASB Statement No. 140, Accounting
for Transfers and Servicing of Financial Assets and Extinguishments of
Liabilities".  This statement requires all separately recognized
servicing assets and servicing liabilities be initially measured at
fair value, if practicable, and permits for subsequent measurement
using either fair value measurement with changes in fair value
reflected in earnings or the amortization and impairment requirements
of Statement No. 140.

The subsequent measurement of separately recognized servicing assets
and servicing liabilities at fair value eliminates the necessity for
entities that manage the risks inherent in servicing assets and
servicing liabilities with derivatives to qualify for hedge accounting
treatment and eliminates the characterization of declines in fair value
as impairments or direct write-downs. SFAS No. 156 is effective for an
entity's first fiscal year beginning after September 15, 2006.

<PAGE>40
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES (Continued)

In June 2006, the FASB issued FASB Interpretation Number 48,
"Accounting for Uncertainty in Income Taxes - an interpretation of FASB
Statement No. 109."  This Interpretation clarifies the accounting for
uncertainty in income taxes recognized in an enterprise's financial
statements in accordance with FASB Statement No. 109, "Accounting for
Income Taxes."  This Interpretation is effective for fiscal years
beginning after December 15, 2006.  The company is currently assessing
the effect of this Interpretation on its financial statements.

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measures".
This Statement defines fair value, establishes a framework for
measuring fair value in generally accepted accounting principles
(GAAP), expands disclosures about fair value measurements, and applies
under other accounting pronouncements that require or permit fair value
measurements.  SFAS No. 157 does not require any new fair value
measurements.  However, the FASB anticipates that for some entities,
the application of SFAS No. 157 will change current practice. SFAS No.
157 is effective for financial statements issued for fiscal years
beginning after November 15, 2007, which for the Company would be the
fiscal year beginning January 1, 2008.

In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting
for Defined Benefit Pension and Other Postretirement Plans."  This
Statement requires an employer to recognize the over funded or under
funded status of a defined benefit post retirement plan (other than a
multiemployer plan) as an asset or liability in its statement of
financial position, and to recognize changes in that funded status in
the year in which the changes occur through comprehensive income.  SFAS
No. 158 is effective for fiscal years ending after December 15, 2006
which for the Company would be January 1, 2007.  The Company does not
expect that the implementation of SFAS No. 158 will have any material
impact on its financial position and results of operations.

In September 2006, the SEC issued Staff Accounting Bulletin ("SAB")No.
108, "Considering the Effects of Prior Year Misstatements when
Quantifying Misstatements in Current Year Financial Statements." SAB
No. 108 addresses how the effects of prior year uncorrected
misstatements should be considered when quantifying misstatements in
current year financial statements. SAB No. 108 requires companies to
quantify misstatements using a balance sheet and income statement
approach and to evaluate whether either approach results in quantifying
an error that is material in light of relevant quantitative and
qualitative factors. SAB No. 108 is effective for periods ending after
November 15, 2006 which for the Company would be January 1, 2007.

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option
for Financial Assets and Financial Liabilities". This Statement permits
entities to choose to measure many financial assets and financial
liabilities at fair value. Unrealized gains and losses on items for
which the fair value option has been elected are reported in earnings.

<PAGE>41
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 1.  ORGANIZATION AND ACCOUNTING POLICIES

SFAS No. 159 is effective for fiscal years beginning after November 15,
2007.  The Company is currently assessing the impact of SFAS No. 159 on
its financial position and results of operations.

(j)  Reclassifications.  Certain prior year balances have been
reclassified to conform with the current year financial statement
presentation.  Those reclassifications had no impact on previously
reported results of operations or stockholders' deficit.

(k)  Depreciation.  For the years ended December 31, 2007 and 2006,
depreciation expense amounted to $21,690 and $14,075 respectively.

(l) Accounts Receivable summary is listed below:

                                          12/31/07    12/31/06
                                          --------    --------
Gross Amount                              $ 48,467    $ 39,070
Allowance for Doubtful Accounts            (16,092)          -
                                          --------    --------
Accounts Receivable net                   $ 32,375    $ 39,070
                                          ========    ========

(m)  Amounts for the services are billed at the end of each month
recognized on a monthly basis corresponding with the reporting period.

NOTE 2.  STOCKHOLDERS' EQUITY

Year 2005
During the year ended December 31, 2005 the Company issued 4,376,765
restricted shares of common stock for proceeds of $823,752. In
addition the Company issued 90,666 restricted shares of common stock
in relation to the $136,000 subscription funds received during the
year ended December 31, 2004. The Company also issued 7,545,000
restricted shares of common stock valued at $1,183,753 pursuant to
the purchase price guarantee clause of the private placement
agreement of 2004. During the year the Company issued 3,091,334
restricted shares of common stock valued at $1,300,567 for services.

Year 2006
During the year ended December 31, 2006, the Company issued 3,300,000
restricted shares of common stock valued at $547,800 pursuant to
the purchase price guarantee clause of the private placement
agreement of 2004.  During the year the Company issued 620,000
restricted shares of common stock valued at $99,600 for services,
2,004,302 restricted shares at $0.15 per share and 2,771,500 restricted
shares at $0.20 per share pursuant to private placements.



<PAGE>42
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 2.  STOCKHOLDERS' EQUITY (Continued)

Year 2007
During the year ended December 31, 2007, the Company issued 6,433,817
restricted shares of common stock at $0.15 per share pursuant to a
private placement for cash proceeds in the amount of $689,441, the
conversion of three promissory notes in the aggregate amount of
$142,766, and the resolving of debt in the amount of $130,672. The
Company also issued 675,000 restricted shares of common stock valued at
$89,250 for services and 1,800,000 restricted shares valued at $90,000
under the terms of management contracts held by two former officers of
the Company. No cash compensation was received by the Company on the
issuance of these restricted shares to the former officers.

Stock Option Plan

The Company has a nonqualified  stock option plan (the "Plan") pursuant
to which up to 11,100,000 shares of its common stock can be set aside
to provide  certain executives, directors, and other employees or
consultants the option to purchase shares of the Company's  common
stock.  This was amended to increase the maximum number of options
issuable thereunder from 8,500,000 to 11,100,000 on August 28, 2006.
The stock options typically vest as to one-third of the Optionee's
holdings on the first anniversary of the agreement and one-third of the
Optionee's holdings on each anniversary thereafter.  As provided by the
Plan, the Board of Directors may waive the vesting provision in whole
or in part at any time based on such factors as the Board of Directors
determines at its sole discretion.

The stock options expire 5 years from the date of grant or upon
termination of employment, retirement, or death.

As of December 31, 2005, 1,025,000 stock options were outstanding
with a weighted-average exercise price of $2.07 and weighted-average
remaining contractual lives of 1.68 years.  As of December 31, 2005,
875,000 stock options were exercisable at a weighted average exercise
price of $2.09.

As of December 31, 2006, 5,075,000 stock options were outstanding with
a weighted-average exercise price of $0.20 and weighted-average
remaining contractual lives of 4.34 years.

As of December 31, 2007 5,035,000 stock options were outstanding with a
weighted-average exercise price of $0.20 and weighted-average remaining
contractual lives of 4.62 years.

Stock Based Compensation

On June 22, 2006, the Company granted incentive stock options to
directors, officers and consultants to acquire up to 8,475,000 common
shares at $0.20 per share for a period of five years. The fair value of
the these options was estimated at the date of grant using the Black-

<PAGE>43
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 2.  STOCKHOLDERS' EQUITY (Continued)

Scholes option pricing model with the following weighted-average
assumptions: dividend yield of 0%; risk free interest rate of 5.18%,
expected volatility of 194%, an expected option life of 5 years and no
expected dividends.  The weighted average grant date fair value of
options granted during the period was $0.20 per share. The Company
recognized stock-based compensation of $893,750 during the year ended
December 31, 2006.

During the year ended December 31, 2006, the Company cancelled
1,450,000 share purchase options granted to a director of the Company
in the second quarter due to departure of this director from the board
of directors of the Company.

On July 30, 2007, the Company granted additional incentive stock
options to directors, officers and consultants to acquire up to
1,310,000 common shares at $0.20 per share for a period of five years.
The fair value of the these options was estimated at the date of grant
using the Black-Scholes option pricing model with the following
weighted-average assumptions: dividend yield of 0%; risk free interest
rate of 5.15%, expected volatility of 50%, an expected option life of 5
years and no expected dividends.  The weighted average grant date fair
value of options granted during the period was $0.20 per share. The
Company recognized stock-based compensation of $40,757 during the year
ended December 31, 2007.

During the year ended December 31, 2007, the Company cancelled an
aggregate of 650,000 share purchase options granted to two directors of
the Company due to the departure of these directors from the board of
directors of the Company.

During the year ended December 31, 2007, the Company cancelled an
aggregate of 1,100,000 share purchase options granted to consultants of
the Company due to the departure of these consultants from the Company.

During the year ended December 31, 2006 the Company had granted
1,600,000 share purchase warrants to its former Chief Executive
Officer, allowing him to acquire 1,600,000 common shares at a price of
$0.10 per share for a period of two years from the signing of his
original consulting agreement with the Company. During the year ended
December 31, 2007, the former Chief Executive Officer exercised 900,000
of these warrants on July 16, 2007, and the balance of 700,000 options
were cancelled on that date as per the terms of his agreement.

During the year ended December 31, 2006 the Company had granted
1,600,000 share purchase warrants to its former Chairman, allowing him
to acquire 1,600,000 common shares at a price of $0.10 per share for a
period of two years from the signing of his original consulting
agreement with the Company. During the year ended December 31, 2007,



<PAGE>44
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 2.  STOCKHOLDERS' EQUITY (Continued)

the former Chairman exercised 900,000 of these warrants on July 16,
2007, and the balance of 700,000 options were cancelled on that date as
per the terms of his agreement.

The former Chief Executive Officer exercised 900,000 of these options
on July 20, 2007 and the balance of 700,000 options were cancelled on
that date as per the terms of his Stock Option Agreement.

The former Chairman exercised 900,000 of these options on July 16, 2007
and the balance of 700,000 options were cancelled on that date as per
the terms of his Stock Option Agreement.

NOTE 3.  LOAN PAYABLE

As of December 31, 2007, the loan payable balance comprised of $51,000
total loans on an interest free basis payable on demand.  These loans
were provided to the Company by unrelated parties and bear no interest.

As of December 31, 2007 the Company agreed to issue a Secured
Convertible Note dated December 20, 2007 for the satisfaction of debt
in the amount of $191,455 convertible at any time in whole or in part
into restricted common shares of the Company at $0.03 per share. The
Note accrues interest at an annual rate of 12% payable quarterly and
has a term of one year. The Note is secured by a General Security
Agreement entered into as of December 20, 2007 granting a continuing
security interest in, and a lien upon as security, all property and
interests in property of the Company including all accounts, equipment,
general intangibles, securities, and any resulting proceeds and
products. The Company recognized interest of $63,818 on the beneficial
conversion feature of the Secured Convertible Note during the year
ended December 31, 2007.

As of December 31, 2007 the Company agreed to issue Convertible Notes
dated December 20, 2007 for the satisfaction of debt in the amount of
$49,200 and $39,500 convertible at any time in or whole or in part into
restricted common shares of the Company at $0.03 per share. The Notes
accrue interest at an annual rate of 12% payable quarterly and have a
term of one year. The Company recognized interest of $25,957 on the
beneficial conversion feature of the Convertible Notes during the year
ended December 31, 2007.

NOTE 4. RELATED PARTY TRANSACTIONS - NOTE 6

a) During the year ended December 31, 2005, the company issued
1,500,000 restricted shares of the Company's common stock at $0.15 per
share to a former director and officer. Subsequent to December 31,
2005, further 500,000 restricted shares were issued to the former



<PAGE>45
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 4. RELATED PARTY TRANSACTIONS (Continued)

director and officer of the Company. Both blocks of stock were
delivered subsequent to the year end upon conclusion of the
renegotiation of his contract.

At December 31, 2005, accounts payable includes $20,911 due to the
former director for expenses incurred on behalf of the company. This
amount remains outstanding as at September 30, 2007.

b) During the year ended December 31, 2005, the company issued 250,000
restricted shares the Company's common stock at $1.00 per share to a
director of the Company.

c) During the year ended December 31, 2005, the company paid $54,141 in
salaries to a former officer of the company.

d) During the year ended December 31, 2006, the company issued 500,000
restricted shares of the Company's common stock at $0.15 per share to a
director of the Company for services and paid $76,189 for consulting to
the same director.

e) During the year ended December 31, 2006, the company paid $30,500
for consulting services to a company controlled by a director of the
company.

f) During the year ended December 31, 2006, the company paid $76,500
for consulting services to the former President of the company.

g) During the year ended December 31, 2006, the company granted
incentive stock options to directors and officers of the company to
acquire up to 11,075,000 common shares at $0.20 per share for a period
of five years.

h) During the year ended December 31, 2006, the company issued 635,119
restricted shares the Company's common stock at $0.15 per share to a
director of the Company.

i) During the year ended December 31, 2007, the company incurred
$234,194 in consulting fees with the President of the Company, $80,500
in consulting fees with a director of the Company and a company
controlled by the same director, $60,000 in consulting fees with a
director of the Company through a company controlled by the director
and $15,000.00 in consulting fees with a director of the Company
through a company controlled by the director.

j) During the year ended December 31, 2007, the Company issued 66,667
restricted shares of the Company's common stock at $0.15 per share to a
director of the Company for services and paid $31,000 for consulting



<PAGE>46
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 4. RELATED PARTY TRANSACTIONS (Continued)

services to the same director. The Company also issued 297,164
restricted shares of the Company's common stock at $0.15 per share to a
company controlled by the same director.

k) During the year ended December 31, 2007, the Company paid $119,250
for consulting services to a company controlled by the President of the
Company and $85,000 for consulting services to the Chief Executive
Officer of the Company.

l)  At December 31, 2007, the accounts payable included $138,666 in
fees and expenses incurred on behalf of the Company due to the
President of the Company, $41,471 in fees and expenses incurred on
behalf of the Company due to a director of the Company through a
company controlled by the director, $15,000 in fees incurred on behalf
of the Company due to a director of the Company through a company
controlled by the director and $13,160 in fees due to a former director
of the Company through a company controlled by the director. These
amounts remain outstanding as at December 31, 2007.

NOTE 5.  PURCHASE OF SUBSIDIARY

 Pursuant to a series of share acquisition  agreements dated August 3,
2004 and  effective  October 1st,  2004,  the Company  acquired  all of
the  outstanding shares of Rocket  Technologies  Inc.  ("Rocket
Technologies") in exchange for Eight  Million  (8,000,000)  shares of
the Company's  common  stock,  and cash payments in the amount of Four
Hundred  Thousand  Dollars  ($400,000)  to the  shareholders  of
Rocket  Technologies.  As a result of the acquisition, the Company
carries goodwill as an asset on its balance sheet as at September 30,
2007 in the amount of $3,975,000.  The Company assesses the
recoverability of the fair value of the goodwill at least annually.  If
it is determined that an impairment exists the Company will record the
amount of the decrease in the value.

In determining the factors relevant to the value of Goodwill and other
assets, the Company assesses the present value of estimated future cash
flows. The  terms  of the  purchase  were  $400,000  cash  and
8,000,000  shares  of restricted  common  stock.  The stock was valued
at the current market prices discounted for restriction and control
($1.488 less 1.030 =.45 per share value) for a total stock value of
$3,600,000.

The total purchase price was   $4,000,000. Below is a condensed balance
sheet of Rocket Technologies, Inc. at the time of purchase, October 1,
2004.



<PAGE>47
ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007

NOTE 5.  PURCHASE OF SUBSIDIARY (Continued)

Cash                               $  1,510
Other Current Assets               $  1,265
Fixed Assets                       $ 31,422
Goodwill                         $3,975,003
Current Liabilities                 ($9,200)

During the year ended December 31, 2006, the Company paid the balance
of $50,000 due on acquisition of the subsidiary.

During the year ended December 31, 2007, the Company determined that
this intangible asset has failed to produce significant returns on its
investment. Management is more fully aware of this intangible asset's
income producing capabilities, and has determined a fair and reasonable
net of impairment value of this asset to be $975,000.

NOTE 6: GOING CONCERN

The Company's financial statements are prepared using generally
accepted accounting principles in the United States of America
applicable to a going concern which contemplates the realization of
assets and liquidation of liabilities in the normal course of business.
The Company has not yet established an ongoing source of revenues
sufficient to cover its operating costs and allow it to continue as a
going concern.  The ability of the Company to continue as a going
concern is dependent on the Company obtaining adequate capital to fund
operating losses until it becomes profitable.  If the Company is unable
to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among
other things, additional capital resources. Management's plans to
obtain such resources for the Company include (1) obtaining capital
from management and significant existing shareholders or prospective
shareholders sufficient to meet its minimal operating expenses, and (2)
seeking out and completing a merger with an existing operating company.
However, management cannot provide any assurances that the Company will
be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent
upon its ability to successfully accomplish the plans described in the
preceding paragraph and eventually secure other sources of financing
and attain profitable operations.  The accompanying financial
statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.



<PAGE>48

ROCKETINFO, INC. AND SUBSIDIARY
NOTES TO FINANCIAL STATEMENTS
FOR THE PERIOD ENDED DECEMBER 31, 2007


NOTE 7: EQUIPMENT

Equipment is stated at cost and depreciated over its useful life of
five years. The equipment is as follows:

                                         2007            2006

Equipment                              $111,343       $107,484
Accumulated Depreciation                (47,194)       (25,504)
                                       --------       --------
Equipment, net                         $ 64,149       $ 81,980
                                       --------       --------