**U.S.
      SECURITIES AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549









**FORM
      10-KSB**






**ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF**


**THE
      SECURITIES EXCHANGE ACT OF 1934**








For
                the Fiscal Year Ended
            
            Commission
                File NumberSeptember
                30, 2007
            
            333-130110





**LONGFOOT
      COMMUNICATIONS CORP.**





Delaware
            
            76-0763470(State
                of Incorporation)
            
            (I.R.S.
                Employer Identification)





Principal
      Executive Offices:


914
      Westwood Blvd. #809


Los
      Angeles, CA 90024


Issuer’s
      telephone number:  (310) 385-9631





Securities
      registered pursuant to Section 12(b) of the Exchange Act:





Title
                of Each Class
            Name
                of Each Exchange on Which RegisteredNone
            None





Securities
      registered pursuant to Section 12(g) of the Exchange Act:





Title
                of Each Class
            Name
                of Each Exchange on Which RegisteredNone
            None





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 the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days.





Yes
            X
            
            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 ]





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act)




Yes
              X
              
              No





The
      Registrant had no operating revenues for its most recent fiscal
      year.








As
      of
      November 9, 2007, the aggregate value of the voting stock held by non-affiliates
      of the Registrant, computed by reference to the average of the bid and ask
      prices on such date was approximately $2,040,300 based upon the average price
      of
      $2.25/share.





As
      of
      November 9, 2007, the Registrant had outstanding 4,894,703 shares of common
      stock





Transitional
      Small Business Disclosure Format:    Yes [  
 ] No   [
      X ]





**Documents
      Incorporated by Reference**





Certain
      exhibits required by Item 13 have been incorporated by reference to the
      Registrant’s previously filed Forms 8-K, Forms 10-QSB’s and Forms
      10-KSB.




















































**TABLE
      OF CONTENTS**




**Page
                of**
              **Report****PART
              I**
            
            
            **1**ITEM 1.
            DESCRIPTION
                OF BUSINESS
            1ITEM
              2.
            DESCRIPTION
              OF PROPERTY
            11ITEM
              3.
            LEGAL
              PROCEEDINGS
            12ITEM
              4.
            SUBMISSION
              OF MATTERS TO A VOTE OF SECURITY HOLDERS
            12**PART
              II**
            
            
            **13**ITEM
              5.
            MARKET
              FOR THE REGISTRANT’S COMMON STOCK AND RELATED STOCKHOLDER
              MATTERS
            13ITEM
              6.
            MANAGEMENT’S
              DISCUSSION AND ANALYSIS OR PLAN OF   OPERATION
            14ITEM
              7.
            FINANCIAL
                STATEMENTS
            19ITEM
              8.
            CHANGES
              IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
              DISCLOSURE
            20ITEM
              8A.
            CONTROLS
                AND PROCEDURES
            20ITEM
              8B.
            OTHER
                INFORMATION
            20**PART
              III**
            
            
            **22**ITEM
              9.
            DIRECTORS,
              EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH
              SECTION
              16(a) OF THE EXCHANGE ACT
            22ITEM
              10.
            EXECUTIVE
              COMPENSATION
            25ITEM
              11.
            SECURITY
              OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
              STOCKHOLDER MATTERS
            26ITEM
              12.
            CERTAIN
              RELATIONSHIPS AND RELATED TRANSACTIONS
            28ITEM
              13.
            EXHIBITS
            29ITEM
              14.
            PRINCIPAL
              ACCOUNTANT FEES AND SERVICES
            30**SIGNATURES**
            
            **31**











**PART
        I**




**ITEM
                1.**
            **DESCRIPTION
                OF BUSINESS**





**General**





Longfoot
      Communications Corp. was incorporated in the state of Delaware on July 21,
      2004
      and is referred to as “we,” “us,” “our” or “Longfoot.”  On July 21,
      2004 we issued 100,000 shares of our common stock to our initial founder, Arthur
      Lyons, for $100 and commenced operation of the Company’s
      business.  Mr. Lyons established the initial concept for our business
      and operated the business as our sole officer and director until September
      30,
      2005, at which time Jack Brehm was appointed the chief financial
      officer, Justin Farar was appointed vice president of operations and
      Aaron Grunfeld and Jack Brehm were appointed by Mr. Lyons to our board of
      directors.  We have one subsidiary, Village Broadcasting Corp., which
      was incorporated in the state of Delaware on October 27, 2005 and until November
      2007, operated the LPTV station in Winslow, Arizona.





**Recent
      Sale Transaction**





On
      October 22, 2007 we entered into a Stock Purchase Agreement which among other
      provisions, required that we divest our LPTV station and all operating
      business.  As a result, the Company’s Board of Directors approved the
      sale of the Winslow, Arizona LPTV station and on November 12, 2007 the Company
      entered into an Asset Purchase Agreement to sell the Winslow, Arizona LPTV
      station equipment to an unaffiliated third party.  The station
      equipment was sold for $11,500, an amount which exceeded an appraisal we
      received in mid October 2007. The station’s operations were discontinued
      effective November 13, 2007. Upon the sale of the station equipment and the
      termination of the Winslow, Arizona LPTV station broadcasting, Longfoot will
      have no remaining operating business. As a consequence, Longfoot will be deemed
      to be a “shell company” as defined in Rule 12b-2 of the Securities Exchange Act
      of 1934, as amended (the “Exchange Act”). See “**OTHER INFORMATION”**below regarding the Stock Purchase Agreement. **In light of the
      above transactions, the business discussion presented below should be read
      in
      the context of Longfoot’s business activities during its last fiscal year ended
      September 30, 2007 and not as indicative of Longfoot’s future business
      activities, which will be different from Longfoot’s business activities prior to
      the Stock Purchase Agreement.**







**Industry
      Overview**







LPTV
      Station Industry Overview





The
      Federal Communications Commission (“FCC”) created the low powered television
      service in 1982 to provide fuller service to rural communities, special interest
      groups, ethnic, educational, and other specialized
      audiences.




1


These
      communities may have been in rural areas or may have been individual communities
      within larger urban areas.  LPTV service presents a less expensive and
      more flexible means of delivering programming tailored to the interest of
      viewers in smaller localized areas than traditional full service/power TV
      stations.  As of March 31, 2006, there were approximately 2,157 LPTV
      stations in the United States authorized to broadcast
      programming.  There is no limit on the number of LPTV stations that
      may be owned by any one entity and LPTV licensees include major television
      networks, such as NBC, CBS and ABC and other national television networks
      including Univision, WB and PAX as well as smaller entities operating a single
      LPTV station.





LPTV
      stations cannot employ transmitter powers in excess of 3000 watts for VHF and
      150 Kilowatts for UHF.  LPTV stations generally can provide a signal
      available in a radius of 15-20 miles.  LPTV stations may operate on
      any available VHF (2-13) or UHF (14-51) channel provided that they do not cause
      objectionable interference to existing full power stations.  Licensees
      of LPTV stations will also be eligible to utilize microwave relay frequencies
      as
      well as digital channels.





LPTV
      stations are classified as either Class A or non-Class A
      stations.  Class A stations operate on an unlimited time basis and
      render services over an extended area while all other LPTV stations (non-Class
      A) render service over a smaller, designated area.  The principal
      difference between a Class A and non-Class A LPTV station is that subsequent
      full service television stations that come into the same area could choose
      to
      utilize a broadcast channel currently assigned to a non-Class A LPTV station
      thus requiring the existing non-Class A LPTV station to change its broadcast
      channel while a Class A LPTV station cannot be required to change its broadcast
      channel to accommodate a subsequent full service television
      station.  The Winslow, Arizona LPTV station is a non-Class A
      station.





LPTV
      stations are subject to a minimum of program-related
      regulations.  There are no prescribed amounts of non-entertainment
      programming or local programming, and there are no limits on commercials, and
      no
      minimum hours of operation.  However, the broadcast of obscene or
      indecent material between 6:00 a.m. and 10:00 p.m. is prohibited.





LPTV
      channels can choose to either rebroadcast existing programming from established
      television networks or create their own local programming or a mixture of
      both.  LPTV stations can generally be constructed and equipped for a
      fraction of the cost of constructing and equipping a full power television
      station.  Establishing an LPTV station can be done for as little as
      $35,000 to $60,000 with financing and leasing programs available to further
      reduce the actual cash outlay required.





Radio
      Station Industry Overview





The
      FCC
      classifies each AM and FM station.  An AM station operates on one of
      the following: a clear channel, regional channel or local channel.  A
      clear channel is one on which AM stations are assigned to serve wide
      areas.  Clear channel AM stations are classified as
      either:




2


- Class A
          stations, which operate on an unlimited time basis and are designed to
          render
          primary and secondary service over an extended area;

- Class B
          stations, which operate on an unlimited time basis and are designed to
          render
          service only over a primary service area;

- Class C
          AM stations operate on a local channel and are designed to render service
          only
          over a primary service area that may be reduced if significant interference
          occurs.

- Class D
          stations, which operate either during daytime hours only, during limited
          times
          only or on an unlimited time basis with low nighttime
          power.

A
      regional channel is one on which Class B and Class D AM stations may
      operate and serve primarily a principal center of population and the rural
      areas
      contiguous to it.  A local channel is one on which AM stations operate
      on an unlimited time basis and serve primarily a community and the suburban
      and
      rural areas immediately contiguous to it.





The
      minimum and maximum facilities requirements for an FM station are determined
      by
      its class.  Some FM class designations depend upon the geographic zone
      in which the transmitter of the FM station is located.  In general,
      commercial FM stations are classified as Class A, B1, C3, B, C2, C1, C0 and
      C, in order of increasing power and antenna height.





**Business
      of Longfoot During Fiscal Year 2007**





During
      the fiscal year ended September 30, 2007, our principal business was the
      construction, development, management and operation of Low Power Television
      (“LPTV”) stations and AM/FM radio stations in the United States.  Our
      business plan included bidding for and purchasing various available licenses
      and
      construction permits in which we would construct, equip and launch new LPTV
      and
      radio stations.  Construction permits are exclusive permits issued by
      the FCC allowing the permittee to construct broadcast television or radio
      stations in designated areas utilizing assigned broadcast channels or
      frequencies.  We owned and operated one LPTV station and no radio
      stations.








*Company
      operations in 2004*





In
      November of 2004, we bid on several FM radio station licenses that were offered
      by the FCC in an FM radio station auction.  Those licenses included
      three separate Class A FM radio licenses in Mojave Valley, Arizona; Salome,
      Arizona; and Yarnell, Arizona.  However, we were not successful in
      purchasing any of the three licenses being auctioned.





In
      December 2004, we entered into a contract to purchase an LPTV construction
      permit located in Mammoth Lakes, California from a private
      individual.  We invested time, effort, and monies to find a location
      for the broadcast antennae and to secure a cable channel on the local cable
      network in Mammoth Lakes.




3


Due
      to
      the lack of an adequate antennae location in the Mammoth Lakes area and the
      difficulties in obtaining a cable channel for the LPTV station, we exercised
      our
      option to terminate the contract with no further obligations to us.





*Company
      operations in 2005*





During
      2005, we were in the process of identifying and evaluating potential LPTV and/or
      radio station acquisitions throughout the United States from private
      individuals.  As a result of these efforts in October 2005, we
      acquired three LPTV construction permits (subject to FCC approval) for non-Class
      A stations located in Gladstone, Michigan; Winslow, Arizona; and Big Sky,
      Montana.  These construction permits were originally issued in
      February and May 2004 and we acquired them from the original
      permittee.  The seller of the construction permits had no affiliation
      or relation with us.





Channel
      38, 1 kW, Winslow, Arizona (Call Sign: K38IH). We acquired this Construction
      Permit on October 13, 2005. The Permit required construction and licensing
      of
      this low power TV station by February 9, 2007.  Winslow, Arizona is
      located 50 miles east of Flagstaff and is bordered by the Navajo Nation and
      the
      Hopi Reservations.





Channel
      51, 1 kW, Gladstone, Michigan (Call Sign: W51DP). We acquired this
      Construction Permit on October 13, 2005.  The Permit required
      construction and licensing of this low power TV station by May 4,
      2007.  Gladstone, Michigan is located in Delta County which lies in
      Michigan’s Upper Peninsula.





Channel
      46, 1 kW, Big Sky, Montana (Call Sign: K46IA). We acquired this Construction
      Permit on October 13, 2005.  The Permit required construction and
      licensing of this low power TV station by May 4, 2007.  Big Sky,
      Montana is located 48 miles from Yellowstone National Park and includes several
      ski resorts.





As
      indicated above, we acquired our initial three non-Class A LPTV construction
      permits previously granted to the original applicant.  We agreed to
      pay $10,000 for the Winslow, Arizona construction permit, $10,000 for the Big
      Sky, Montana construction permit and $15,000 for the Gladstone, Michigan
      construction permit (total $35,000).  In October, 2005 we paid a
      non-refundable deposit of $7,000 for the purchase of the above-referenced LPTV
      permits.  The transfer request was prepared and submitted by our FCC
      counsel to the FCC on October 26, 2005 and was granted and approved by the
      FCC
      on December 12, 2005 with a final transfer date of January 18,
      2006.  These construction permits were held by Village Broadcasting
      Corp. (a wholly owned subsidiary of Longfoot). In January, 2006 we paid the
      balance of $28,000 upon FCC approval of the construction permit
      transfers.








*Company
      Operations in 2006*





Winslow,
      Arizona Operating Station





4


In
      May
      2006 construction commenced on the LPTV station in Winslow, Arizona.
      Construction of the LPTV station was completed in July 2006 and its FCC
      broadcast license was granted on July 19, 2006.  We spent
      approximately $36,000 for antennas, broadcasting equipment and for studio
      equipment. We incurred additional costs to retain consultants and contractors
      (including Tom Werner and Peak Broadcasting) to assist us in building the
      station. The station, KVSW-LP Channel 38, commenced broadcasting America One
      Television Network using digital broadcasting in July, 2006. We were not
      required to pay a fee to broadcast the America One Television Network as long
      as
      we continue to broadcast 40 hours a week of programming.  The station
      also broadcasted local programming, including local news, high school football
      games, and a local fishing program.  We paid $50.00 a week for certain
      local programming.  The station operated 24 hours per day and was
      maintained by one station engineer.





We
      continued to use the services of Tom Werner and Peak Broadcasting to assist
      our
      Winslow, Arizona LPTV station’s broadcast on the local cable
      network.





Big
      Sky, Montana Construction Permit





In
      preparation for the construction of our Big Sky, Montana LPTV station,
      contractor Tom Werner estimated that we would incur approximately $10,000
      for studio equipment for broadcasting: This studio equipment estimate included
      video and audio monitors, work stations and encoders.





WES
      Broadcast contractors estimated we would incur approximately $75,000 for
      antennas and broadcasting equipment. This equipment included a transmitter,
      omni
      antennae and transmission lines.





Once
      operational, we intended to acquire network programming and paid programming
      (such as the Home Shopping Network, QVC and
      infomercials).   Long-term plans also included putting this
      programming on cable (either analog or digital) which would have allowed for
      a
      larger cable purchasing audience.





We
      began
      evaluating possible locations for antenna towers and rental space for
      operations.





Gladstone,
      Michigan Construction Permit





We
      were
      advised by our consultants, engineers, and attorneys that the costs to develop
      the Gladstone, Michigan LPTV would be uneconomical given (1) the costs to build
      the station would have exceeded our original estimations due to the difficulty
      in locating a tower; and (2) that the station is within close proximity to
      the
      Canadian border and therefore may also be subject to Canadian regulations and
      rules.   Furthermore, we learned from our consultants and
      engineers that the potential revenue to be derived from the Gladstone, Michigan
      LPTV station would be limited due to Gladstone’s market
      conditions.  As a result of this information and additional
      considerations, we abandoned our Gladstone, Michigan construction permit and
      wrote off the $15,000 applicable to the Gladstone construction
      permit.





5


*Company
      Operations in 2007*





Winslow,
      Arizona Operating Station





Through
      the fiscal year ended September 30, 2007 the station operated 24 hours per
      day
      and was maintained by one station engineer. While not generating any revenues,
      the station carried America One Network as well as local programming and
      operated 24 hours per day, seven days a week.





Big
      Sky, Montana Construction Permit





During
      2007, we were unsuccessful in locating a suitable antenna location and were
      advised by our consultants and engineers that our construction plan for a
      broadcasting station near Big Sky, Montana was not a viable plan.  As
      a result of this information and additional considerations, we abandoned our
      Big
      Sky, Montana construction plan and wrote off the $10,000 applicable to the
      Big
      Sky, Montana construction permit as of June 30, 2007.





Subsequent
      Events





On
      October 22, 2007 we entered into a Stock Purchase Agreement which among other
      provisions, required that we divest our LPTV operations.  As a result,
      the Company’s Board of Directors approved the sale of our sole operating LPTV
      station in Winslow, Arizona and on November 12, 2007 the Company entered into
      an
      Asset Purchase Agreement to sell the Winslow, Arizona LPTV station to an
      unaffiliated third party.  The station’s equipment was sold for
      $11,500, which was in excess of an appraised value of approximately $10,000
      as
      determined by an appraisal report dated October 15, 2007. Since the Buyer did
      not want to continue operating the LPTV station, we terminated broadcast
      operations on November 14, 2007.  The lease for the station offices
      has been cancelled and we returned the broadcast license to the FCC on November
      13, 2007. Due to this asset sale, the description of our business contained
      in
      this report relates to the Company’s prior operations during the fiscal year
      ended September 30, 2007 and through November 14, 2007. After the consummation
      of the Asset Purchase Agreement, Longfoot will be deemed a “shell company” with
      no business operations.





Sources
      of Revenue





Our
      source of revenues was to have been advertising fees paid to our Winslow,
      Arizona LPTV station. As a result of the disposition of our only operating
      LPTV
      station we will generate no operating revenues from our prior
      operations.  No assurance can be given that we can be successful in
      entering into a new business or be able to generate future revenue.





Competition





During
      the last fiscal year we operated in a highly competitive industry. Our LPTV
      station competed for audiences and advertising revenue directly with other
      television and radio stations as well as with other media, such as broadcast
      television, newspapers, magazines, cable television, satellite television,
      satellite radio, the Internet, outdoor advertising and direct mail, within
      their
      respective markets.




6


In
      addition, any LPTV station by definition will have a relatively small market
      (typically a radius of approximately 20 miles from its antenna) due to its
      low
      power transmission.  Our audience ratings and market shares are
      subject to change and any adverse change in a particular market or reduced
      audience for any particular station could have a material adverse effect on
      our
      revenue in that market and adversely affect our combined operating revenues
      in
      all markets.





By
      building a strong listener base consisting of a specific demographic group
      in
      each of our markets, we had hoped to attract advertisers seeking to reach those
      listeners.  From time to time, competitors might have changed their
      stations' format or programming to compete directly with our stations for
      audiences and advertisers, or might have engaged in aggressive promotional
      campaigns, which could have resulted in lower ratings and advertising revenue
      or
      increased promotion and other expenses and, consequently, lower earnings and
      cash flow for us.  Audience size and preferences as to format or
      programming in a particular market might have also shifted due to demographic
      or
      other reasons.





LPTV
      stations compete for viewers and advertising revenues directly with other
      television stations including, broadcast, cable and satellite
      television.  The following LPTV stations compete with our former
      operating station KVSW-LP:


- Two
        LPTV construction permits are located in areas near our Winslow, Arizona
        station.

Most
      broadcast and cable television networks have established track records and
      national name recognition.  Consequently, any LPTV stations
      constructed by us would have likely had to compete in smaller, niche markets
      such as educational, special interest (such as The Home Shopping Network or
      Spanish speaking networks) or local programming.  This narrower
      programming format as well as the reduced broadcast area for LPTV stations
      would
      normally result in somewhat lower advertising rates for LPTV stations compared
      to other television stations.  In the view of management, careful
      analysis of audience preferences would have been essential to determine what
      programming format would have been viable for a particular local LPTV station
      audience.





Factors
      that are material to an LPTV or radio station's competitive position include
      management experience, the station's audience rank in its local market,
      transmitter power, assigned frequency, audience characteristics, local program
      acceptance, popularity of on-air personalities (if any) and the number and
      characteristics of other radio and television stations in the market
      area.  We also competed with other radio and television station groups
      to purchase or develop additional stations.





While
      the
      radio and television broadcasting industry is highly competitive, barriers
      to
      entry do exist, which can be mitigated to some extent by, among other things,
      changing existing radio or TV station formats and upgrading
      power.  The operation of a LPTV or radio station requires a license or
      other authorization from the FCC granted to the station
      owners.




7


The
      number of radio and TV stations that can operate in a given market is limited
      by
      the availability of FM and AM radio frequencies and television channels allotted
      by the FCC to communities in that market.  With LPTV stations, the FCC
      limits the number of such stations which can operate in a given
      market.  In addition, the FCC's multiple ownership rules have
      historically limited the number of radio and full power television stations
      that
      may be owned or controlled by a single entity in a given market.  LPTV
      stations are not subject to the FCC’s multiple ownership rules.





Environmental
      Compliance





As
      the
      owner, lessee, or operator of LPTV or radio stations and facilities, we were
      subject to various federal, state, and local environmental laws and regulations.
       We were subject to RF (“radio frequency”) radiation regulations near AM,
      FM and TV broadcast antennas.  In order to comply with these regulations,
      we were required to perform routine maintenance on, and regular measurements
      of
      radiation near, our antennas.  Historically, compliance with these laws and
      regulations has not had a material adverse effect on the radio and television
      broadcast business. There can be no assurance, however, that compliance with
      existing or new environmental laws and regulations would not have required
      us to
      make significant expenditures of funds to comply with such laws and regulations
      in the future.





Employees





As
      of
      September 30, 2007, we had two employees, each of whom was employed on a
      part-time basis.  They were management and administrative.  None
      of these employees was covered by a collective bargaining agreement or
      employment agreements.  We consider our relations with our employees
      to be very good.





We
      also
      utilized the services of various consultants and contractors to assist in the
      construction and development of new LPTV or radio stations.  Due to
      the closure of our only operating LPTV station we no longer expect to employ
      employees or independent contractors for broadcast operations, including
      management, technicians and on-air hosts.





**FEDERAL
      REGULATION OF LPTV AND RADIO BROADCASTING**





Introduction





The
      ownership, operation, purchase and sale of LPTV and radio stations is regulated
      by the FCC, which administers the Communications Act of 1934, as
      amended.  Among other things, the FCC:





- assigns
          frequency bands for broadcasting;

- determines
          the particular frequencies, locations, operating powers and other technical
          parameters of stations;

- issues,
          renews, revokes and modifies station licenses;

8


- determines
          whether to approve changes in ownership or control of station
          licenses;

- regulates
          equipment used by stations; and

- adopts
          and implements regulations and policies that directly or indirectly affect
          the
          ownership, operation and employment practices of
          stations.

The
      FCC
      has the power to impose penalties for violations of its rules or the
      Communications Act, including fines, the grant of abbreviated license renewal
      terms or, the denial of a license or license renewal application, the revocation
      of a license or the denial of FCC consent to acquire additional radio or
      television stations.





The
      following is a brief summary of some provisions of the Communications Act and
      of
      specific FCC regulations and policies.  The summary is not a
      comprehensive listing of all of the regulations and policies affecting radio
      and
      LPTV stations.  For further information concerning the nature and
      extent of federal regulation of radio and LPTV stations, you should refer to
      the
      Communications Act, FCC rules and FCC public notices and rulings.





Transfers
      or Assignments of Licenses





The
      Communications Act prohibits the assignment of a broadcast license or transfer
      of control of a broadcast licensee without the prior approval of the
      FCC.  In determining whether to grant approval, the FCC will consider
      a number of factors pertaining to the licensee and proposed licensee. Due to
      the
      discontinuance of the Winslow, Arizona LPTV station, we have returned the
      broadcast license to the FCC on November 13, 2007.





Programming
      and Operation





Our
      operating station and any future operating stations we may have owned, would
      have been regulated by the Communications Act which, among other things,
      requires broadcasters to serve the public interest.  Since 1981, the
      FCC gradually has relaxed or eliminated many of the more formalized procedures
      it developed to promote the broadcast of types of programming responsive to
      the
      needs of a station's listening or viewing audience.  However,
      licensees continue to be required to present programming that is responsive
      to
      community concerns, needs and interests and to maintain records demonstrating
      a
      station’s responsiveness.  Complaints from listeners concerning a
      station's programming are considered by the FCC when it evaluates the licensee's
      renewal application, although listener or viewer complaints may be filed and
      considered at any time and must be maintained in the station's public
      file.





LPTV
      and
      radio stations also must pay regulatory and application fees and follow various
      FCC rules that regulate, among other things, political advertising, the
      broadcast of obscene or indecent programming, the advertisement of casinos
      and
      lotteries, sponsorship identification and technical operations, including limits
      on radio and television frequency radiation.





9


Proposed
      and Recent Changes





The
      FCC
      has selected In-Band, On-ChannelTM technology as the exclusive standard for
      digital services for terrestrial AM and FM broadcasters. Similarly, LPTV and
      TV
      stations will also be converting their signals from analog LPTV and TV
      translator stations to digital operations on their authorized
      channels.  In order to facilitate this conversion, the FCC has adopted
      rules to allow existing LPTV and TV translator stations to file on-channel
      digital conversion applications as “minor” changes to their existing analog
      facilities, and opened up a filing window for the issuance of digital “companion
      channel” authorizations for those stations desiring them.  Treating
      digital conversions as a “minor” change is intended to shorten the approval
      process.  “Existing facilities” will include both licensed LPTV
      stations, as well as stations with a valid construction permit.  LPTV
      stations will be required to file an application and obtain prior FCC approval
      for on-channel digital conversions.  LPTV stations proposing digital
      conversions will be required at the application stage to meet the interference
      protections adopted by the FCC with respect to full service
      stations.  Congress is currently considering legislation that would
      mandate a time table for this conversion.





We
      cannot
      predict what other matters might be considered in the future by the FCC or
      Congress, nor can we determine in advance what impact, if any, the
      implementation of any of these new regulations or future proposals or changes
      might have on the LPTV industry.





**Factors
      Affecting Future Operating Results**





We
      have
      operated since late 2004 and acquired three LPTV construction permits and no
      radio stations.  In 2006 we completed our first LPTV station
      in Winslow, Arizona. However, we have not generated any revenues from the
      operations of the Winslow LPTV station during the 2007 fiscal year. Due to
      the
      sale of the broadcasting equipment and closure of the Winslow LPTV station,
      our
      future operation will not include any LPTV station. Our future prospects
      must be evaluated with a view to the substantial risks encountered by a company
      which does not have current business operations and has no proposed business
      prospects. No assurance can be given that we will be able to resume active
      business operations in any other industry.  Even if we should be able
      to do so, we can provide no assurance that any business we may acquire in the
      future will be profitable, have a positive cash flow or otherwise be
      successful.





We
      will
      require additional capital in order to acquire, develop and launch any new
      business entered into. As a consequence, we will be required to raise additional
      capital through public or private equity or debt financings, collaborative
      relationships, bank financing or other arrangements.  Any additional
      equity financing is expected to be dilutive to our existing stockholders, and
      debt financing, if available, may involve restrictive covenants and increased
      interest costs.  Our inability to obtain sufficient financing may
      require us to delay, scale back or eliminate any future business acquisition
      which could have a material and adverse effect on our future business
      prospects.  No assurance can be given that we will be successful in
      any of these endeavors.





10


Our
      current executive officers, directors and principal stockholders, as a group,
      beneficially own approximately 73% of our outstanding common
      stock.  After the proposed stock sale the purchasers, led by Dr.
      Phillip Frost, will own 51% of the then outstanding shares of our common stock
      which they will have acquired for relatively nominal
      consideration.  As a result, these new stockholders, acting together,
      will have the ability to exert control over substantially all matters requiring
      approval by our stockholders, including the election and removal of directors
      and any proposed merger, consolidation or sale of all or substantially all
      of
      our assets and other corporate transactions.  This concentration of
      ownership could be disadvantageous to other stockholders with interests
      different from those of our officers, directors and principal
      stockholders.





**ITEM
                2.**
            **DESCRIPTION
                OF PROPERTY**





Through
      October 31, 2007, our corporate and operational offices were located at 9229
      Sunset Blvd., Suite 810, West Hollywood, California 90069 where we subleased
      office space under lease with a rental rate of $500 a month.  The
      sublease allowed either party the right to terminate at any time with 30 days
      notice.  We rented the space from Trifar Investment Company, an
      affiliate of the major stockholders.  From inception until November 1,
      2005 the office rent was provided by our present CEO, Mr. Lyons, at no cost
      to
      us.  We commenced paying rent for our office space effective November
      1, 2005.  Effective October 31, 2007, we terminated our lease at 9229
      Sunset Blvd., and changed our business address to 914 Westwood Blvd. #809,
      Los
      Angeles, California 90024.





In
      November 2007, the Company’s activities were significantly reduced and the
      Company is using office space provided by a stockholder at no cost to the
      Company.





We
      entered into a three year lease with Sunflower Communications, Inc. for our
      Winslow, Arizona station in May 2006.  The terms of lease, which had a
      term ending in May 2008, provided that we pay $500 a month for the first year,
      $550 a month during the second year and $600 for a month during the third
      year.  Longfoot prepaid $3,000 upon execution of the
      lease.  On November 13, 2007, this lease was terminated upon the
      payment of a cancellation fee of $1,100.





We
      owned
      a license to operate our LPTV station in Winslow, Arizona under the call sign,
      KVSW-LP.  Subsequent to the fiscal year end, upon the sale of the
      Winslow, Arizona station equipment, the LPTV station has ceased operations
      and
      the broadcast license has been returned to the FCC.










11




**ITEM
                3.**
            **LEGAL
                PROCEEDINGS**





We
      are
      not involved in any legal proceedings arising in the course of our
      business.





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





There
      were no matters submitted to stockholders for a vote during the quarter ended
      September 30, 2007.













































12
 
 **PART
        II**






**ITEM
                5.**
            **MARKET
                FOR THE REGISTRANT’S COMMON STOCK AND****RELATED
                STOCKHOLDER MATTERS**





Commencing
      in June 2006, our common stock was listed and traded on the NASDAQ Electronic
      Bulletin Board (OTCBB) under the symbol “LGFT”.  The following chart
      sets forth the reported high and low price on a bid basis for our stock for
      each
      quarter ending after June 30, 2006.  Prior to June 2006 there was no
      public trading market for our common stock.  The quotations set forth
      below reflect inter-dealer prices, without retail mark-up, mark-down or
      commissions and may not represent actual transactions.






**Low**
            **High****$**
            **$****Year
                Ended September 30, 2006:****Fourth
                Quarter  (July-September)**
            **.55**
            **1.25****Year
                Ended September 30, 2007:****First
                Quarter  (October-December)**
            **.35**
            **.75****Second
                Quarter  (January-March)**
            **.42**
            **1.25****Third
                Quarter  (April-June)**
            **.95**
            **1.25****Fourth
                Quarter  (July-September)**
            **1.40**
            **3.00**







As
      of
      November 16, 2007, there were approximately 169 shareholders of Longfoot’s
      Common Stock of whom 88 are shareholders of record and 81 are shareholders
      who
      hold their stock in street name.





**Dividend
      Policy**





We
      have
      never paid any cash dividends on our common stock.  We currently do
      not engage in any active business.  Consequently, we do not anticipate
      paying any cash dividends in the foreseeable future.





**Securities
      Authorized for Issuance Under Equity Compensation Plans**





We
      currently have no equity compensation plans.














13


**Recent
      Sales of Unregistered Securities**





During
      the fiscal year ended September 30, 2007, we issued the following equity
      securities pursuant to exemptions from registration under the Securities Act
      of
      1933 (the “1933 Act”).





Between
      January 10, 2007 and October 4, 2007 one stockholder advanced an aggregate
      of
      $150,000 to Longfoot for operating funds pursuant to an Irrevocable Funding
      Agreement. The principal amount plus accrued interest were converted into
      780,018 shares of common stock at a conversion price of $0.1925 per
      share.  The issuance of stock was made without any public solicitation
      to one entity and was acquired for investment purposes only.  The
      entity, through its manager, had access to complete information about Longfoot
      and was deemed capable of evaluating the merits and risks of acquiring shares
      in
      Longfoot.  The securities were issued pursuant to the private
      placement exemption provided by Section 4(2) of the 1933 Act.  These
      shares are deemed to be “restricted securities” as defined in Rule 144 under the
      1933 Act and bear a legend stating the restrictions on resale.





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





For
      more
      detailed financial information, please refer to the audited September 30, 2007
      Financial Statements included in this Form 10-KSB.





**Caution
      about forward-looking statements**





This
      Form
      10-KSB includes “forward-looking” statements about future financial results,
      future business changes and other events that haven’t yet
      occurred.  For example, statements like we “expect,” we “anticipate”
or we “believe” are forward-looking statements.  Budgets and
      projections as to capital resources and expenditures during 2006 are also
      forward-looking statements.  Investors should be aware that actual
      results may differ materially from our expressed expectations because of risks
      and uncertainties about the future.  We do not undertake to update the
      information in this Form 10-KSB if any forward-looking statement later turns
      out
      to be inaccurate.  Details about risks affecting various aspects of
      our business are discussed throughout this Form 10-KSB and should be considered
      carefully.





14


**Past
      Business Operations**





We
      were
      incorporated in the state of Delaware on July 21, 2004.  Our
      subsidiary, Village Broadcasting Corp. (“VBC”), was incorporated in the state of
      Delaware on October 27, 2005. Since our inception, we have bid on several FM
      radio station licenses, (but were unable to acquire any such licenses) and
      contracted to acquire the construction permit for one LPTV station located
      in
      Mammoth Lakes, California which we subsequently determined not to
      acquire.  In October 2005, we acquired construction permits to develop
      three new LPTV stations to be located in Gladstone, Michigan; Winslow, Arizona
      and Big Sky, Montana.  These construction permits were formally
      approved for transfer by the FCC on January 18, 2006 and will be held in our
      subsidiary, VBC.  We completed the construction of the Winslow, Arizona
      LPTV station in July 2006 at a cost of approximately $36,000, including
      equipment.  We determined not to proceed with construction of LPTV
      stations in either Gladstone, Michigan or Big Sky, Montana and have written-off
      the investment in those construction permits.  We have not generated
      any revenues to date from our one operating LPTV station and, as of November
      13,
      2007, the Winslow, Arizona LPTV station ceased operations.




**Plan
      of Operation for the Next Twelve Months**





Upon
      disposition of our assets we became a “shell company” with no operating assets
      or business.  Our plan of business will be to identify and evaluate a
      merger or other business combination with a well-capitalized operating company
      with growth potential.  No assurance can be given as to when or if we
      will be successful in doing so.  These factors raise substantial doubt
      about the Company’s ability to continue as a going concern in the short term and
      its business activities or profitability in the long term.




**Results
      of Operation**




Operating
      Results for theFiscal YearsEndedSeptember
      30, 2007and 2006




During
      the fiscal years ended September 30, 2007 and 2006 we had no revenues from
      operations.  Operating expenses for the Winslow station completed in
      fiscal 2006 amounted to $20,742 and $6,237 for the years ended September 30,
      2007 and 2006, respectively. General and administrative expenses amounted to
      $147,395 for the year ended September 30, 2007 compared to $126,798 for the
      year
      ended September 30, 2006. During the year ended September 30, 2007 these
      expenses related primarily to legal and accounting fees relating to establishing
      the LPTV stations and the preparation of our quarterly and annual
      financial statements.  During the year ended September 30, 2006,
      general and administrative expenses related primarily to start-up expenses
      of
      our business.  During the year ended September 30, 2007, we amortized
      $54,167, of consulting fees resulting from the payment of shares of the
      Company’s common stock in exchange for consulting services. Also, during
      the year ended September 30, 2007 we recorded an impairment of asset for the
      Big
      Sky, Montana location in the amount of $10,000 along with a construction rights
      impairment and partial impairment of the equipment at the Winslow, Arizona
      location in total amount of $27,919.  We recorded a beneficial conversion
      cost in the amount of $29,890 relating to convertible debt. During the year
      ended September 30, 2006, we amortized $27,083, of consulting fees resulting
      in
      the issuance of shares of the Company’s common stock in exchange for consulting
      services. Also, during the year ended September 30, 2006 we recorded an
      impairment of asset for the Gladstone, Michigan location in the amount of
      $15,000.





15


We
      incurred a net loss of $290,251 for the year ended September 30, 2007 compared
      to a loss of $175,675 for the year ended September 30, 2006.  The
      larger losses during the 2007 fiscal year reflect a continuing lack of revenue
      and increased expenses resulting from the growth of our business operations
      and
      related operating expenses of our first LPTV station, a one-time write-off
      of
      $10,000 related to our Big Sky, Montana construction permit, the partial
      impairment of the equipment and construction rights permit impairment at the
      Winslow, Arizona location of $17,919 and $10,000 respectively, and the
      beneficial conversion cost in the amount of $29,890.  The net loss
      during the 2006 fiscal year reflects the initial start-up costs of our
      operations and a one-time write-off of $15,000 related to our Gladstone,
      Michigan construction permit.  Share-based compensation was $54,167
      and $27,083 during the years ended September 30, 2007 and 2006,
      respectively.  These non-cash charges are related to issuances of
      common stock for services.  During the 2007 and 2006 fiscal years,
      these non-cash expenses related to the issuance of 325,000 restricted shares
      of
      common stock (valued at $81,250) to two consultants for services related to
      our
      LPTV stations to be rendered during the none-month period of their contract
      (July 2006 through March 2007) .  The issuance of restricted stock
      during fiscal years 2007 and 2006 was deemed necessary by management to retain
      and compensate its consultants while conserving cash assets that would otherwise
      have been expended for this purpose.




**Equity
      and Capital Resources**




We
      have
      incurred losses since inception of our business (July 21, 2004) and, as of
      September 30, 2007, we had an accumulated deficit of $483,418.  As of
      September 30, 2007 we had cash of $6,765 and working capital of $7,012. In
      January 2007, a principal shareholder agreed to provide up to $150,000 in loans
      convertible into common stock.  Through September 30, 2007, the
      Company had borrowed $100,000.  In October 2007, the Company borrowed
      the balance of $50,000.  All of such borrowings were converted into
      shares of common stock prior to November 2007.




To
      date,
      we have funded our operations through a combination of borrowings from a
      stockholder and the issuance of common stock. We completed the purchase of
      three
      permits to construct LPTV stations in Winslow, Arizona, Gladstone, Michigan,
      and
      Big Sky, Montana in January 2006 for a total purchase price of
      $35,000.  During the year ended September 30, 2006 we expended
      approximately $36,000 for construction and equipment of the LPTV station in
      Winslow, Arizona.




In
      April
      2006, we completed a public offering of our common stock selling a total of
      789,800 shares for gross proceeds of approximately $197,000. After deducting
      offering expenses paid by Longfoot, we realized net proceeds of approximately
      $167,000 which has been used to fund ongoing operations.




16


We
      expect
      our expenses will decrease during the foreseeable future as a result of the
      termination of the Company’s LPTV station business. However, our expenses could
      increase significantly if and when a business acquisition is consummated.
      Consequently, we will continue to be dependent on the proceeds from future
      debt
      or equity capital to fully fund our business activities.  If we are
      unable to raise sufficient capital, we may be required to delay or forego some
      portion of business opportunities we might encounter, which would have a
      material adverse effect on our anticipated results from operations and financial
      condition.  There is no assurance that we will be able to obtain
      necessary amounts of capital or that our estimates of our capital requirements
      will prove to be accurate.  We do not have any current commitments
      from any source to provide additional capital. The Purchasing Group has agreed
      to pay an amount equal to the Company’s net cash after deducting all outstanding
      expenses including legal and accounting fees.  The Principal
      Stockholders of the Company have agreed to contribute an amount that will assure
      the Company net cash of $50,000 upon closing of the Stock Purchase
      Agreement.  Accordingly, the Company anticipates the Purchasing Group
      will pay $50,000 for their shares and that the Company will have approximately
      $100,000 of cash upon completion of this transaction.  However, no
      assurance can be given that this amount contributed at the closing will be
      sufficient to carry on the Company’s operations or that additional funds will
      not be necessary to fund the Company’s future business plans.  Any
      future financing would likely take the form of bank loans, private placement
      of
      debt or equity securities or some combination of these sources.  The
      issuance of additional equity securities would dilute the stock ownership of
      current investors while incurring loans, leases or debt would increase our
      cash
      flow commitments and possible loss of valuable assets if such obligations
      were not repaid in accordance with their terms.




**Off-Balance
      Sheet Arrangements**




Since
      our
      inception through September 30, 2007, we have not engaged in any
      off-balance sheet arrangements as defined in Item 303(c) of the SEC’s Regulation
      S-B.




**Critical
      Accounting Policies**





The
      discussion and analysis of our financial conditions and results of operations
      are based upon our consolidated financial statements, which have been prepared
      in accordance with generally accepted accounting principles in the United
      States.  The preparation of financial statements requires managers to
      make estimates and disclosures on the date of the financial
      statements.  On an on-going basis, management evaluates its estimates,
      including, but not limited to, those related to revenue
      recognition.  We use authoritative pronouncements, historical
      experience and other assumptions as the basis for making
      judgments.  Actual results could differ from those
      estimates.  We believe that the following critical accounting policies
      affect our more significant judgments and estimates in the preparation of our
      consolidated financial statements.





Preparation
      and Disclosure





The
      accompanying financial statements have been prepared assuming that the Company
      will continue as a going concern, which contemplates the realization of assets
      and the liquidation of liabilities in the normal course of
      business.  The Company is in its development stage and has no source
      of revenue from operations.




17


This
      raises substantial doubt about the Company’s ability to continue as a going
      concern.  The financial statements do not include any adjustments
      relating to the recoverability and classification of recorded asset amounts
      or
      the amounts and classification of liabilities that might result from this
      uncertainty.  The Company has survived only through borrowings from
      shareholders.   The Company must raise funds or continue
      borrowing in the near future to remain a viable entity.  There is no
      assurance that management can find investors or continue borrowings to cover
      the
      losses generated.





Long-lived
      assets





Statement
      of Financial Accounting Standards No. 121, “Accounting for the Impairment of
      Long-Lived Assets and for Long-Lived Assets to be Disposed Of,” requires that
      long-lived assets be reviewed for impairment whenever events or changes in
      circumstances indicate that the carrying amount of the asset in question may
      not
      be recoverable.  This standard did not have a material effect on our
      results of operations, cash flows or financial position in these financial
      statements.





Value
      of Stock Issued for Services





The
      Company periodically issues shares of its common stock in exchange for, or
      in
      settlement of, services.  The Company’s management values the shares
      issued in such transactions at either the then market price of the Company’s
      common stock, as determined by the Board of Directors and after taking into
      consideration factors such as volume of shares issued or trading restrictions,
      or the value of the services rendered, whichever is more readily
      determinable.





Income
      Taxes





The
      Company accounts for its income taxes under the provisions of Statement of
      Financial Accounting Standards 109 ("SFAS 109").  The method of
      accounting for income taxes under SFAS 109 is an asset and liability
      method.  The asset and liability method requires the recognition of
      deferred tax liabilities and assets for the expected future tax consequences
      of
      temporary differences between tax bases and financial reporting bases of other
      assets and liabilities. The Company has net operating loss carryforwards
      totaling approximately $358,000 at September 30, 2007 for Federal income tax
      purposes available to offset future taxable income through
      2027.  Deferred tax assets consist substantially of the net operating
      loss carryforward.  The Company has made a 100% valuation allowance
      against the deferred tax asset. In assessing the realizability of deferred
      tax
      assets,  management  considers  whether  it
      is more  likely  than not that  some portion or
      all of the  deferred  tax assets will not
      be  realized.  The ultimate realization of deferred tax
      assets is dependent upon the generation of future taxable income during the
      periods in which those temporary differences become
      deductible.  Management  considered  the  scheduled  reversal  of  deferred  tax
      liabilities,  projected  future  taxable  income
      and tax planning  strategies in making this assessment.





18




**ITEM
                7.**
            **FINANCIAL
                STATEMENTS**





INDEX
      TO
      FINANCIAL STATEMENTS





Independent
                Registered Public Accounting Firm’s Report
            F1Balance
                Sheet as of September 30, 2007
            F2Statements
                of Operations for the years ended September 30, 2007 and 2006 and
                for the
                period July 21, 2004 (inception) to September 30, 2007
            F3Statements
                of Stockholders’ Equity for the period from July 21, 2004 (inception) to
                September 30, 2007
            F4-F5Statements
                of Cash Flows for the years ended September 30, 2007 and 2006 and
                for the
                period July 21, 2004 (inception) to September 30, 2007
            F6-F7Notes
                to Financial Statements
            F8-F15






























19


INDEPENDENT
      REGISTERED PUBLIC ACCOUNTING FIRM’S REPORT










**TO
      THE BOARD OF DIRECTORS AND STOCKHOLDERS OF LONGFOOT COMMUNICATIONS,
      CORP.:**




We
      have
      audited the accompanying balance sheet of Longfoot Communications, Corp. (a
      company in the development stage; the "Company") as of September 30, 2007,
      and
      the related statements of operations, shareholders' equity, and cash flows
      for
      the years ended September 30, 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 the standards of the Public Company
      Accounting Oversight Board (United States). Those standards require that we
      plan
      and perform the audit 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, based on our audits, such financial statements present fairly, in
      all
      material respects, the financial position of the Company as of September 30,
      2007, and the results of its operations and its cash flows for the years ended
      September 30, 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 1 to the financial
      statements, the Company has incurred significant operating losses and its
      ability to continue as a going concern is dependent upon its ability to raise
      additional debt or equity financing. These conditions raise substantial doubt
      about its ability to continue as a going concern. Management's plans regarding
      these matters are described in Note 4. The financial statements do not include
      any adjustments that might result from the outcome of these
      uncertainties.








/s/
      Farber Hass Hurley & McEwen LLP





November
      15, 2007





Camarillo,
      California













F-1
 **LONGFOOT
          COMMUNICATIONS CORP.** **A
            DEVELOPMENT STAGE COMPANY**
 **CONSOLIDATED
            BALANCE SHEET**








**September
                  30,**
                **2007****ASSETS****CURRENT
                  ASSETS**Cash
              
              $
              6,765Prepaid
                  expenses
              
              
              2,995**TOTAL
                  CURRENT ASSETS**
              
              
              9,760**EQUIPMENT**,
                  net
              
              
              10,
                  000**TOTAL
                  ASSETS**
              
              **$**
              19,760**LIABILITIES
                  AND STOCKHOLDERS’ EQUITY****LIABILITIES**Accrued
                  liabilities
              
              $
              2,748**TOTAL
                  LIABILITIES**
              
              
              2,748**STOCKHOLDERS’
                  EQUITY**Preferred
                  stock, par value $0.001 per shareAuthorized
                  – 25,000,000 sharesIssued
                  and outstanding – 0 shares
              
              
              -Common
                  stock, par value $0.001 per shareAuthorized
                  – 225,000,000 sharesIssued
                  and outstanding – 1,545,026 – Note 7
              
              
              1,545Additional
                  paid-in capital
              
              
              498,885Deficit
                  accumulated during the development stage
              
              
              (483,418
              )**TOTAL
                  STOCKHOLDERS’ EQUITY**
              
              
              17,012**TOTAL
                  LIABILITIES AND STOCKHOLDERS’ EQUITY**
              
              **$**
              **19,760**







The
            accompanying notes are an integral part of the financial
            statements
 F-2
 LONGFOOT
            COMMUNICATIONS
            CORP.
 **A
            DEVELOPMENT STAGE COMPANY**
 **CONSOLIDATED
            STATEMENTS OF OPERATIONS**






**Year
                Ended****September
                30, 2007**
            
            
            **Year
                Ended****September
                30, 2006**
            
            
            **From
                July 21, 2004 (Date of Inception) to September 30,
                2007****DEVELOPMENT
                STAGE EXPENSES**Station
                expenses
            
            $
            20,742
            
            
            $
            6,237
            
            
            $
            26,979General
                and administrative
            
            
            147,395
            
            
            
            126,789
            
            
            
            289,654Consulting
                fees, non-cash compensation
            
            
            54,167
            
            
            
            27,083
            
            
            
            81,250Impairment
                of asset, construction rights
            
            
            20,000
            
            
            
            15,000
            
            
            
            35,000Impairment
                of asset, equipment
            
            
            17,919
            
            
            
            -
            
            
            
            17,919Beneficial
                conversion cost
            
            
            29,890
            
            
            
            -
            
            
            
            29,890Interest
                expense
            
            
            159
            
            
            
            286
            
            
            
            2,467**TOTAL
                DEVELOPMENT STAGE EXPENSES**
            
            
            290,272
            
            
            
            175,395
            
            
            
            483,159**NET
                OPERATING (LOSS)**
            
            
            (290,272
            )
            
            
            (175,395
            )
            
            
            (483,159
            )**INTEREST
                INCOME**
            
            
            821
            
            
            
            520
            
            
            
            1,341**(LOSS)
                BEFORE INCOME TAXES**
            
            
            (289,451
            )
            
            
            (174,875
            )
            
            
            (481,818
            )Income
                tax expense
            
            
            800
            
            
            
            800
            
            
            
            1,600**NET
                (LOSS)**
            
            $
            (290,251
            )
            
            $
            (175,675
            )
            
            $
            (483,418
            )**NET
                (LOSS) PER COMMON SHARE**Basic
                and diluted
            
            $
            (0.20
            )
            
            $
            (0.15
            )
            
            $
            (0.59
            )**WEIGHTED
                AVERAGE NUMBER OF COMMON****SHARES
                OUTSTANDING**Basic
                and diluted
            
            
            1,439,630
            
            
            
            1,154,940
            
            
            
            825,330






The
          accompanying notes are an integral part of the financial
          statements
 F-3
 LONGFOOT
            COMMUNICATIONS
            CORP.
 **A
            DEVELOPMENT STAGE COMPANY**
 **STATEMENT
            OF STOCKHOLDERS’ EQUITY**
 **JULY
            21, 2004 (INCEPTION) THROUGH SEPTEMBER 30,
            2007**






**Common
                  Stock****Shares**
              
              
              **Amount**
              
              
              **Additional
                  Paid-in Capital**
              
              
              **Deficit
                  Accumulated During the Development Stage**
              
              
              **Deferred
                  Consulting Fees**
              
              
              **Total
                  Stockholders’ Equity**Issuance
                  of common stock forCash,
                  net of expenses
              
              
              100,000
              
              
              $
              100
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              100Expenses
                  contributed by stockholders
              
              
              -
              
              
              
              -
              
              
              
              2,200
              
              
              
              -
              
              
              
              -
              
              
              
              2,200Net
                  (loss) for the period endedSeptember
                  30, 2004
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (2,379
              )
              
              
              -
              
              
              
              (2,379
              )Balance,
                  September 30, 2004
              
              
              100,000
              
              
              
              100
              
              
              
              2,200
              
              
              
              (2,379
              )
              
              
              -
              
              
              
              (79
              )Issuance
                  of common stock forCash,
                  net of expenses
              
              
              2,900,000
              
              
              
              2,900
              
              
              
              104,508
              
              
              
              -
              
              
              
              -
              
              
              
              107,408Expenses
                  contributed by stockholders
              
              
              -
              
              
              
              -
              
              
              
              6,700
              
              
              
              -
              
              
              
              -
              
              
              
              6,700Net
                  (loss) for the year endedSeptember
                  30, 2005
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (15,113
              )
              
              
              -
              
              
              
              (15,113
              )Balance,
                  September 30, 2005
              
              
              3,000,000
              
              
              $
              3,000
              
              
              $
              113,408
              
              
              $
              (17,492
              )
              
              $
              -
              
              
              $
              98,916Issuance
                  of common stock forCash,
                  net of expenses
              
              
              789,800
              
              
              
              789
              
              
              
              166,694
              
              
              
              -
              
              
              
              -
              
              
              
              167,483Issuance
                  of common stock forDeferred
                  consulting fees
              
              
              325,000
              
              
              
              325
              
              
              
              80,925
              
              
              
              -
              
              
              
              (81,250
              )
              
              
              -Amortization
                  of deferred consultingfees
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              27,083
              
              
              
              27,083
  F-4
 **LONGFOOT
            COMMUNICATIONS CORP.** **A
              DEVELOPMENT STAGE COMPANY**
 **STATEMENT
              OF STOCKHOLDERS’ EQUITY**
 **JULY
              21, 2004 (INCEPTION) THROUGH SEPTEMBER 30,
              2007**
   **Common
                  Stock****Shares**
              
              
              **Amount**
              
              
              **Additional
                  Paid-in Capital**
              
              
              **Deficit
                  Accumulated During the Development Stage**
              
              
              **Deferred
                  Consulting Fees**
              
              
              **Total
                  Stockholders’ Equity**Expenses
                  contributed by stockholders
              
              
              -
              
              
              
              -
              
              
              
              2,440
              
              
              
              -
              
              
              
              -
              
              
              
              2,440Net
                  (loss) for the year endedSeptember
                  30, 2006
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (175,675
              )
              
              
              
              
              
              
              (175,675
              )Balance,
                  September 30, 2006
              
              
              4,114,800
              
              
              
              4,114
              
              
              
              363,467
              
              
              
              (193,167
              )
              
              
              (54,167
              )
              
              
              120,247Issuance
                  of common stock fordebt
              
              
              520,278
              
              
              
              520
              
              
              
              99,639
              
              
              
              -
              
              
              
              -
              
              
              
              100,159Beneficial
                  conversion cost
              
              
              -
              
              
              
              -
              
              
              
              29,890
              
              
              
              -
              
              
              
              -
              
              
              
              29,890Amortization
                  of deferred consultingfees
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              54,167
              
              
              
              54,167Expenses
                  contributed by stockholders
              
              
              -
              
              
              
              -
              
              
              
              2,800
              
              
              
              -
              
              
              
              -
              
              
              
              2,8001:3
                  Reverse stock split – Note 7
              
              
              (3,090,052
              )
              
              
              (3,089
              )
              
              
              3,089
              
              
              
              -
              
              
              
              -
              
              
              
              -Net
                  (loss) for the yearEnded
                  September 30, 2007
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (290,251
              )
              
              
              -
              
              
              
              (290,251
              )Balance,
                  September 30, 2007
              
              
              1,545,026
              
              
              $
              1,545
              
              
              $
              498,885
              
              
              $
              (483,418
              )
              
              $
              -
              
              
              $
              17,012






The
          accompanying notes are an integral part of the financial
          statements
 F-5
 **LONGFOOT
            COMMUNICATIONS CORP.**
 **A
            DEVELOPMENT STAGE COMPANY**
 **CONSOLIDATED
            STATEMENTS OF CASH FLOWS**





**Year
                Ended September 30, 2007**
            
            
            **Year
                Ended September 30, 2006**
            
            
            **From
                July 21, 2004 (Date of Inception) to September 30,
                2007****CASH
                FLOWS FROM OPERATING ACTIVITIES:**Net
                (loss)
            
            $
            (290,251
            )
            
            $
            (175,675
            )
            
            $
            (483,418
            )Adjustments
                to reconcile net (loss) to net cash(used)
                by operating activities:Expenses
                contributed by stockholders
            
            
            2,800
            
            
            
            2,440
            
            
            
            14,140Consulting
                fees, non-cash compensation
            
            
            54,167
            
            
            
            27,083
            
            
            
            81,250Beneficial
                conversion cost
            
            
            29,890
            
            
            
            -
            
            
            
            29,890Issuance
                of common stock for interest expense
            
            
            159
            
            
            
            -
            
            
            
            159Depreciation
                expense
            
            
            7,446
            
            
            
            1,810
            
            
            
            9,256Impairment
                of asset, construction rights
            
            
            20,000
            
            
            
            15,000
            
            
            
            35,000Impairment
                of asset, equipment
            
            
            17,919
            
            
            
            -
            
            
            
            17,919Changes
                in operating assets and liabilities:Prepaid
                expenses
            
            
            2,130
            
            
            
            (3,175
            )
            
            
            (2,995
            )Accrued
                liabilities
            
            
            (3,944
            )
            
            
            4,120
            
            
            
            2,748**NET
                CASH (USED) BY OPERATING ACTIVITIES**
            
            
            (159,684
            )
            
            
            (128,397
            )
            
            
            (296,051
            )**CASH
                FLOWS FROM INVESTING ACTIVITIES:**Purchase
                of equipment
            
            
            (1,036
            )
            
            
            (36,139
            )
            
            
            (37,175
            )Acquisition
                of construction rights
            
            
            -
            
            
            
            (35,000
            )
            
            
            (35,000
            )**NET
                CASH (USED) PROVIDED BY INVESTING ACTIVITES**
            
            
            (1,036
            )
            
            
            (71,139
            )
            
            
            (72,175
            )**CASH
                FLOWS FROM FINANCING ACTIVITIES:**Note
                receivable – related party
            
            
            18,042
            
            
            
            (18,042
            )
            
            
            -Proceeds
                from note payable – related party
            
            
            100,000
            
            
            
            -
            
            
            
            136,100Repayment
                of note payable – related party
            
            
            -
            
            
            
            (8,064
            )
            
            
            (36,100
            )Proceeds
                from sale of common stock, net of expenses
            
            
            -
            
            
            
            167,483
            
            
            
            274,991**NET
                CASH PROVIDED BY FINANCING ACTIVITES**
            
            
            118,042
            
            
            
            141,377
            
            
            
            374,991**NET
                INCREASE (DECREASE) IN CASH****AND
                CASH EQUIVALENTS**
            
            
            (42,678
            )
            
            
            (58,159
            )
            
            
            6,765**CASH
                AND CASH EQUIVALENTS****AT
                THE BEGINNING OF**
              **THE
                PERIOD**
            
            
            49,443
            
            
            
            107,602
            
            
            
            -**CASH
                AND CASH EQUIVALENTS****AT
                THE END OF THE PERIOD**
            
            $
            6,765
            
            
            $
            49,443
            
            
            $
            6,765






The
          accompanying notes are an integral part of the
          financial statements
 F-6
 **LONGFOOT
            COMMUNICATIONS CORP.**
 **A
            DEVELOPMENT STAGE COMPANY**
 **CONSOLIDATED
            STATEMENTS OF CASH FLOWS
            (CONTINUED)**





**For
                the Year Ended September 30, 2007**
            
            
            **Year
                Ended September 30, 2006**
            
            
            **From
                July 21, 2004 (Date of Inception) to September 30,
                2007****SUPPLEMENTAL
                DISCLOSURE OF****CASH
                FLOW INFORMATION**Interest
                paid
            
            $
            -
            
            
            $
            286
            
            
            $
            2,308Taxes
                paid
            
            $
            800
            
            
            $
            800
            
            
            $
            1,600**SCHEDULE
                OF NON-CASH INVESTING AND****FINANCING
                ACTIVITIES:**Expenses
                contributed by stockholders
            
            $
            2,800
            
            
            $
            2,440
            
            
            $
            14,140Issuance
                of 325,000 shares of common stock for consulting agreement
            
            $
            -
            
            
            $
            81,250
            
            
            $
            81,250















































The
          accompanying notes are an integral part of the financial
          statements
 F-7
 **LONGFOOT
            COMMUNICATIONS CORP.**
 **A
            DEVELOPMENT STAGE COMPANY**
 **NOTES
            TO CONSOLIDATED FINANCIAL STATEMENTS**





**NOTE
                1**
            **GENERAL**





**Nature
      of Business and History**




Longfoot
      Communications Corp, (the “Company”), was organized July 21, 2004 in Delaware as
      a media company primarily focused on obtaining, developing and operating radio
      and low power television stations. From inception through September 30, 2007
      the
      Company has commenced the development of one station. The Company owns one
      subsidiary, Village Broadcasting Corp., (hereinafter referred to as “VBC”).
      Through September 30, 2007, the Company had abandoned two of its three
      construction sites and subsequent to September 30, 2007, the Company sold the
      assets of its only operating station.




**Basis
      of Presentation and****Principles of
      Consolidation**




The
      consolidated financial statements include the accounts of Longfoot
      Communications Corp. and its wholly-owned subsidiary VBC.  All
      material inter-company accounts and transactions have been
      eliminated.




As
      of
      September 30, 2007, the Company was in the development
      stage.   According to the Financial Accounting Standards Board of
      the Financial Accounting Foundation, a development stage Company is defined
      as a
      company that devotes most of its activities to establishing a new business
      activity. In addition, planned principal activities have not commenced, or
      have
      commenced and have not yet produced significant revenue.





During
      October 2007, the Board of Directors adopted a resolution to effect a
      one


(1)
      for
      three (3) reverse split of the Company’s issued and outstanding common stock.
      The accompanying financial statements retroactively include this reverse stock
      split.








**NOTE
                2**
            **SIGNIFICANT
                ACCOUNTING POLICIES**





**Going
      Concern**





The
      accompanying consolidated financial statements have been prepared assuming
      that
      the Company will continue as a going concern, which contemplates the realization
      of assets and the liquidation of liabilities in the normal course of
      business.  The Company is in its development stage and has no source
      of revenue from operations.




F-8


This
      raises substantial doubt about the Company's ability to continue as a going
      concern.  The financial statements do not include any adjustments
      relating to the recoverability and classification of recorded asset amounts
      or
      the amounts and classification of liabilities that might result from this
      uncertainty.





The
      Company has survived principally through borrowings from shareholders and
      issuance of its common stock.  The Company must raise funds or
      continue borrowings in the near future to survive.  There is no
      assurance that management can find investors or continue borrowings to cover
      the
      losses generated.





**Estimates
      and Assumptions**





The  accompanying  consolidated
      financial  statements  have been prepared in
      accordance  with
      accounting  principles  generally  accepted in the
      United States which  requires management to make estimates and
      assumptions  that effect the accounting for and recognition of assets,
      liabilities,  stockholders' equity, revenue and expenses. Estimates
      and assumptions are made because certain information is dependent on future
      events. Actual results could differ from those estimates.





**Disclosure
      About Fair Value of Financial Instruments**





The
      Company estimates that the fair value of all financial instruments at September
      30, 2007 as defined in FASB 107 does not differ materially from the aggregate
      carrying values of its financial instruments recorded in the accompanying
      balance sheet.  The estimated fair value amounts have been determined
      by the Company using available market information and appropriate valuation
      methodologies.  Considerable judgment is required in interpreting
      market data to develop the estimates of fair value, and accordingly, the
      estimates are not necessarily indicative of the amounts that the Company could
      realize in a current market exchange.




**Cash
      and Cash Equivalents**





The
      Company considers all highly liquid debt instruments with original maturity
      dates of three months or less when purchased to be cash
      equivalents.  At September 30, 2007 there were no cash
      equivalents.  The Company maintains its cash in a reputable bank
      which, at times, may exceed federally insured limits. The Company has not
      experienced any losses in such accounts.





**Prepaid
      Expenses**





The
      Company amortizes its prepaid expenses on a straight-line basis over the period
      during which it will receive the underlying services.





F-9


**Equipment**




Equipment
      is stated at cost.  Major renewals and improvements are charged to the
      asset accounts while replacements, maintenance and repairs, which do not improve
      or extend the lives of the respective assets, are expensed.  At the
      time equipment is retired or otherwise disposed of, the assets and related
      accumulated depreciation accounts are relieved of the applicable
      amounts.  Gains or losses from retirements or sales are credited or
      charged to income.






Depreciation
      is provided for by the accelerated and straight-line methods over the following
      estimated useful life:




Broadcasting
              and other equipment
            5
                Years





In
      October 2007 the Board of Directors decided to dispose of its only station
      and
      the carry amount of the equipment was written down to its estimated realizable
      amount of $10,000.




**Long
      Lived Assets**




The
      Company reviews its long-lived assets for impairment whenever events or changes
      in circumstances indicate that the historical cost-carrying value of an asset
      may no longer be appropriate.  The Company assesses recoverability of
      the carrying value of an asset by estimating the future net cash flows expected
      to result from the asset, including eventual disposition.  If the
      future net cash flows are less than the carrying value of the asset, an
      impairment loss is recorded equal to the difference between the asset’s carrying
      value and fair value.




After
      reviewing the Company’s construction plan for a broadcasting station near
      Gladstone, Michigan, the Company’s management, consultants and engineers
      determined it was not a viable plan and has fully impaired the value, $15,000,
      of its construction right as of September 30, 2006.




After
      reviewing the Company’s construction plan for a broadcasting station near Big
      Sky, Montana, the Company’s management, consultants and engineers determined it
      was not a viable plan and has fully impaired the value, $10,000, of its
      construction rights as of June 30, 2007.




Subsequent
      to the fiscal year end the Company decided to divest itself of the operations
      at
      Winslow, Arizona and accordingly, the Company fully impaired the value, $10,000,
      of its construction rights as of September 30, 2007.




******Preferred
      Stock**




The
      Company has authorized Preferred Stock which may be issued in one or more
      series.  As of this date, no preferred shares have been issued and no
      terms or rights attributable to this stock have been created.




F-10





**Income
      Taxes**





The
      Company accounts for its income taxes under the provisions of Statement of
      Financial Accounting Standards 109 ("SFAS 109").  The method of
      accounting for income taxes under SFAS 109 is an asset and liability
      method.  The asset and liability method requires the recognition of
      deferred tax liabilities and assets for the expected future tax consequences
      of
      temporary differences between tax bases and financial reporting bases of other
      assets and liabilities. The Company has net operating loss carryforwards
      totaling approximately $358,000 at September 30, 2007 for Federal income tax
      purposes available to offset future taxable income through
      2027.  Deferred tax assets consist substantially of the net operating
      loss carryforward.  The Company has made a 100% valuation allowance
      against the deferred tax asset. The Company’s allowance increased approximately
      $81,000 from 2006 to 2007. In assessing the realizability of deferred tax
      assets,  management  considers  whether  it
      is more  likely  than not that  some portion or
      all of the  deferred  tax assets will not
      be  realized.  The ultimate realization of deferred tax
      assets is dependent upon the generation of future taxable income during the
      periods in which those temporary differences become
      deductible.  Management  considered  the  scheduled  reversal  of  deferred  tax
      liabilities,  projected  future  taxable  income
      and tax planning  strategies in making this assessment.





**Value
      of Stock Issued for Services**





The
      Company periodically issues shares of its common stock in exchange for, or
      in
      settlement of, services.  The Company’s management values the shares
      issued in such transactions at either the then market price of the Company’s
      common stock, as determined by the Board of Directors and after taking into
      consideration factors such as volume of shares issued or trading restrictions,
      or the value of the services rendered, whichever is more readily
      determinable.





**Net
      Income (Loss) Per Share**





The
      Company adopted Statement of Financial Accounting Standards No. 128 that
      requires the reporting of both basic and diluted earnings (loss) per
      share.  Basic earnings (loss) per share is computed by dividing net
      income (loss) available to common stockholders by the weighted average number
      of
      common shares outstanding for the period (after giving effect to the reverse
      stock split).  Diluted earnings (loss) per share reflects the
      potential dilution that could occur if securities or other contracts to issue
      common stock were exercised or converted into common stock.  In
      accordance with FASB 128, any anti-dilutive effects on net income (loss) per
      share are excluded.  The Company has no potentially dilutive
      securities outstanding at September 30, 2007.





F-11


**Recently-Issued
      Accounting Pronouncements**





The
      FASB
      recently issued the following statements:





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




In
      September 2006, the FASB issued SFAS No. 157 (“FAS 157”), “Fair Value
      Measurements.” Among other requirements, FAS 157 defines fair value and
      establishes a framework for measuring fair value and also expands disclosure
      about the use of fair value to measure assets and liabilities. FAS 157 is
      effective beginning the first fiscal year that begins after November 15, 2007.
      The Company is currently evaluating the impact of FAS 157 on its financial
      position and results of operations.





Additionally,  there
      are no recently  issued  accounting  standards
      with pending adoptions  that the
      Company's  management  currently  anticipates  will
      have any material impact upon its financial statements.





**NOTE
                3**
            **IRREVOCABLE
                FUNDING AGREEMENT –
                CONVERTIBLE NOTE
                PAYABLE**





In
      December 2006, the Company entered into an Irrevocable Funding Agreement, (the
      “Agreement”), with a principal stockholder to fund its cash flow requirements
      through December 2007. The agreement allows the Company to borrow up to $150,000
      for working capital or capital requirements as needed at any time during the
      period. The stockholder may convert any portion of the funds loaned into
      restricted common stock at a conversion price of $0.1925 per share. Any balance
      not converted is payable December 31, 2007 with interest at 5% per
      annum.





During
      January 2007, the Company borrowed $50,000 under the Agreement.  The
      debt and accrued interest could be converted into shares with a fair value
      of
      $0.25 per share for a total of $64,971. During February 2007, the debt and
      accrued interest ($50,028) were converted into 259,855 shares of common
      stock.  Accordingly, the Company recognized the additional value of
      $14,943 as a beneficial conversion cost.





During
      June 2007, the Company borrowed $25,000 under the Agreement.  The debt
      and accrued interest could be converted into shares with a fair value of $0.25
      per share for a total of $32,638. During July 2007, the debt and accrued
      interest ($25,131) were converted into 130,553 shares of common
      stock.  Accordingly, the Company recognized the additional value of
      $7,479 as a beneficial conversion cost.





F-12


During
      August 2007, the Company borrowed $25,000 under the Agreement.  The
      debt and accrued interest could be converted into shares with a fair value
      of
      $0.25 per share for a total of $32,468. During


August
      2007, the debt and accrued interest ($25,000) were converted into 129,780 shares
      of common stock.  Accordingly, the Company recognized the additional
      $7,468 as a beneficial conversion cost.




In October
      2007, the Company borrowed the remaining $50,000 available under the
      agreement. The
      principal and interest accrued was immediately converted into 259,740 shares
      of
      common stock.





**NOTE
                4**
            **STOCKHOLDERS’
                EQUITY**




On
      November 8, 2005, the Company's Board of Directors increased the authorized
      common stock to 50,000,000 shares, $0.001 par value and authorized 1,000,000
      shares of preferred stock, $0.001 par value. There have been no rights or
      privileges assigned to the preferred stock at this time.




In
      March
      2006 the Company's registration statement for the sale of common stock was
      declared effective by the U.S. Securities and Exchange Commission. The Company
      sold 789,800 shares at $0.25 per share. Certain of the Company's stockholders
      agreed to reimburse the Company for costs of the offering in excess of 15%
      of
      the gross proceeds.  The Company received a total of $167,483 from the
      offering, net of expenses.




In
      July
      2006, the Company issued 325,000 shares of its common stock in payment of a
      consulting agreement.  The stock was valued at $0.25 per share for a
      total value of $81,250.  The value was being amortized over life of
      the agreement, nine months, and was fully amortized at September 30,
      2006.




In
      February 2007, the Company converted debt and accrued interest ($50,028) into
      259,855 shares of common stock under the Irrevocable Funding
      Agreement.




In
      July
      2007, the Company converted debt and accrued interest ($25,131) into 130,553
      shares of common stock under the Irrevocable Funding
      Agreement.




In
      August
      2007, the Company converted debt and accrued interest ($25,000) into 129,870
      shares of common stock under the Irrevocable Funding
      Agreement.





F-13




In
      October 2007, the Company amended its certificate of incorporation and increased
      its authorized number of shares of common stock to 225 million shares, $0.001
      par value and 25 million shares of preferred stock, $0.001 par
      value.





**NOTE
                5**
            **RELATED
                PARTY TRANSACATIONS**




Through
      September 30, 2007, the Company's President provided consulting and
      administrative services to the Company at no cost. The fair value of the
      services was based on the estimated hours incurred at $40 per hour and has
      been
      recorded as a charge to expense and a credit to Additional Paid-in
      Capital.





Through
      October 2007, the Company leased its primary office space on a month-to-month
      basis (cancelable upon a 30 day written notice) from a company controlled by
      principal stockholders. The monthly rent was $500, based upon the estimated
      allocation of the space used. Rent expense amounted to $6,000 and $5,500 for
      the
      years ended September 30, 2007 and 2006, respectively. In September 2007 the
      Company gave notice to cancel the lease and in October 2007 the Company vacated
      the premises.





**NOTE
                6**
            **LEASES**




The
      Company leased a tower and office space in which its television broadcasting
      system has been constructed. The lease was for three years through May 2008
      and
      provided for monthly rent of $500 during the first year ($6,000), $550 a month
      during the second year ($6,600) and $600 a month for the third year ($7,200).
      The Company prepaid $3,000 upon execution of the lease.  Total rent
      expense was $6,625 and $2,200, for the years ended September 30, 2007 and 2006,
      respectively.  In connection with the sale of its remaining equipment
      and abandonment of its construction rights for the Winslow station, the Company
      negotiated a settlement on the lease for $1,100 in November 2007.





**NOTE
                7**
            **SUBSEQUENT
                EVENTS (UNAUDITED)**





During
      October 2007, the Company received an additional $50,000 under the Irrevocable
      Funding Agreement.  The principal and interest accrued was immediately
      converted into 259,740 shares of common stock.





During
      October 2007, the Company entered into a Stock Purchase Agreement with certain
      investors to issue 1,698,212 shares of common stock (after giving retroactive
      effect to the l-for-3 reverse stock split which would represent approximately
      51% of the then outstanding common stock).  At November 9, 2007,
      before giving effect to the 1-for-3 reverse stock split, the Company had
      4,894,703 shares outstanding.











F-14




The
      purchase price to be received by the Company will be equal to the
      amount of cash and cash equivalents, less liabilities at the date of closing
      which is scheduled for no later than December 7, 2007.










































































F-15




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





None





**ITEM
                8A.**
            **CONTROLS
                AND PROCEDURES**





Disclosure
      Controls and Procedures.





We
      carried out an evaluation, under the supervision and with the participation
      of
      management, including our principal executive officer and principal financial
      officer, of the effectiveness of the design and operation of our disclosure
      controls and procedures (as defined under Rules 13a-15(e) and 15d-15(e) under
      the Securities Exchange Act of 1934, as amended) as of the end of the year
      covered by this report. Based upon that evaluation, our principal executive
      officer and principal financial officer concluded that our disclosure controls
      and procedures are effective in timely alerting them to material information
      relating to us (including our consolidated subsidiary) that is required to
      be
      included in our periodic reports.





Changes
      in Internal Control Over Financial Reporting.





There
      was
      no change in our internal control over financial reporting that occurred during
      the period covered by this report that has materially affected, or is reasonably
      likely to materially affect, our internal control over financial
      reporting.





**ITEM
                8B.**
            **OTHER
                INFORMATION**





As
      previously disclosed on Form 8-K filed with the SEC on October 25, 2007, the
      Company entered into a Stock Purchase Agreement pursuant to which it will sell
      a
      controlling interest or 51% of the outstanding stock in the Company to the
      Purchasing Group, which is being led by Frost Gamma Investments Trust, an entity
      controlled by Dr. Phillip Frost.  As a result of this change of
      control and the expected appointment of at least three directors to be
      designated by the Purchasing Group to an expanded five-member Board of
      Directors, Dr. Frost and his Purchasing Group will be in a position to control
      operations of the Company on and after the Closing Date.  As
      conditions to Closing the Company agreed to amend its Certificate of
      Incorporation to:


- implement
        a 1-for-3 reverse stock split,
- increase
        the number of authorized shares of Common Stock to 225,000,000
        shares,
- increase
        the number of authorized shares of Preferred Stock to 25,000,000 shares,
        and
- provide
        for indemnification of and advancement of expenses for officers and directors
        of the Company to the maximum extent permitted by applicable law.



20


Furthermore,
      pursuant to the Stock Purchase Agreement, the Board and the majority
      stockholders approved the adoption of new Bylaws.  Lastly, the Stock
      Purchase Agreement requires the divestment of the Company’s low-power television
      business currently conducted by the Company’s sole subsidiary, Village
      Broadcasting Corp.  As a result, the Company entered into an Asset
      Purchase Agreement with Tom Werner on November 12, 2007. Mr. Werner has served
      as a consultant to the Company for the Winslow LPTV station. Pursuant to the
      Asset Purchase Agreement, the Company agreed to sell all of its low-power
      television equipment to Mr. Werner for $11,500 which exceeds its appraised
      value
      of $9,958.  Mr. Werner does not intend to continue operating the LPTV
      station in Winslow, Arizona. Consequently, the Company returned the LPTV
      operating license to the FCC on November 13, 2007. Upon completion of the asset
      sale transaction, the Company has no remaining operating business and its assets
      consist primarily of cash.  As a consequence, the Company will be
      deemed a “shell company,” as defined in Rule 12b-2 of the Exchange
      Act.





On
      the
      effective date of the 1-for-3 reverse stock split, all of the existing
      outstanding common stock of the Company will be consolidated such that existing
      stockholders will hold one share of post-split common stock for every three
      shares owned prior to the reverse stock split.  All fractional shares
      resulting from the reverse stock split will be rounded up to the next whole
      share.  Upon the effective date of the reverse stock split, current
      stockholders of the Company will be requested to return their stock certificates
      to the Company in order to be reissued new post-split certificates representing
      the number of shares each stockholder owns after the reverse stock split. The
      Stock Purchase Agreement provides that the Company will not conduct another
      reverse stock split of its common stock for a period of 24 months from the
      Closing Date.















































21
 
 **PART
        III**




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





Our
      Board
      of Directors currently consists of three members.  Each director holds
      office until his successor is duly elected by the
      stockholders.  Executive officers serve at the pleasure of the Board
      of Directors.  Our current directors and executive officers
      are:




Name
            Age
            Position
            Held
                SinceArthur
                Lyons
            61
            President
                and Chairman
            7/21/2004Justin
                Farar*
            32
            Vice
                President of Operations
            9/30/2005Jack
                Brehm
            79
            Chief
                Financial Officer, Secretary, and Director
            9/30/2005Aaron
                A. Grunfeld
            60
            Director
            9/30/2005




*Justin
      Farar resigned as Vice President as of October 25, 2007.





**Arthur
      Lyons** was our sole officer and director from inception until September
      30, 2005 at which time he resigned his positions as CFO but remained as
      president, secretary and a director.  On October 25, 2005, Mr. Lyons
      resigned as secretary but remained as president and a director.  Mr.
      Lyons also serves as the president and sole director of VBC.  Mr.
      Lyons devotes at least 20 hours per week to our business
      operations.  Mr. Lyons has served as an officer and director for
      several public companies over the last decade.  In addition, he has
      been the producer, founder and director of the Palm Springs Film Noir Festival
      for the past five years and has been a businessman and restaurateur in Southern
      California for over 30 years.  From 1992 to 1996, Mr. Lyons was
      an elected member of the Palm Springs, California City Council and was Mayor
      Pro
      Tem of that city for a year during that period. Mr. Lyons is the author of
      twelve mystery novels/short stories and has written screenplays for
      television.  Mr. Lyons is a graduate of the University of California
      at Santa Barbara.





**Justin
      Farar** has served as our vice president of operations from September 30,
      2005 to October 25, 2007.  Mr. Farar devoted approximately 20
      hours a week to our affairs.  Mr. Farar also served as vice president
      of VBC.  Mr. Farar previously worked as an associate at the
      international law firm, O’Melveny & Myers, from September 2001 to April
      2005, where he served as an entertainment litigator handling cases for major
      studio clients.  From 2000 to 2001, Mr. Farar clerked for the
      Honorable Kim McLane Wardlaw on the Ninth Circuit Court of
      Appeals.  Mr. Farar also presently serves as a Commissioner for the
      City of Los Angeles Convention and Exhibition Authority, where he helps plan
      and
      negotiate the future expansion of the Los Angeles Convention and Exhibition
      Center.




22


Mr.
      Farar
      holds a Bachelors Degree from the University of California, San Diego and a
      law
      degree from the University of Southern California.





**Jack
      Brehm** has been a director and our chief financial officer since
      September 30, 2005 and our secretary since October 25,
      2005.  Mr. Brehm devotes approximately 10 hours a week to our
      affairs.  Mr. Brehm also serves as the chief financial officer and
      secretary of VBC.  Mr. Brehm has more than 50 years of senior
      executive level experience in accounting and finance and has, in the past,
      served as a financial officer or on the Board of Directors of several public
      companies.  From 1988 through 2004, Mr. Brehm was also a consultant in
      his own practice to public and private companies on merger, acquisition and
      other business matters.  For almost 40 years until September 1988, Mr.
      Brehm was with Ernst & Young, LLP, an international firm of certified public
      accountants.  At his retirement in September 1988, Mr. Brehm was a
      senior partner of Ernst & Young, in Century City and Los Angeles, and a
      member of that firm’s accounting and audit committee.





**Aaron
      A. Grunfeld**was****appointed to the Board of
      Directors on September 30, 2005.  Mr. Grunfeld has been a
      practicing attorney with Resch Polster Alpert & Berger LLP, a Los Angeles
      law firm from November 1995 until August 2006. Since that date he has been
      principal of Law Offices of Aaron A. Grunfeld & Associates. Mr. Grunfeld is
      currently a director of Fast Funds Corporation, which is a publicly traded
      company that files reports under the Securities Exchange Act of
      1934.





Directors
      serve for a one-year term.  Our Bylaws currently provide for three to six
      directors.





Consultant





**Sim
      Farar** has assisted us in identifying, bidding on and acquiring various
      LPTV and radio station licenses.  He has been a business owner and
      consultant in the Los Angeles area for over 25 years.  Sim Farar,
      along with Justin Farar, through their company JDF Investments LLC (“JDF”),
      acquired the Palm Springs, CA LPTV station KYAV - Channel 12 in August
      2001.  JDF initially broadcast the Home Shopping Network and in
      September 2002 replaced HSN with Azteca American (a Spanish speaking network
      broadcast from Mexico).  The LPTV station in Palm Springs eventually
      achieved strong revenues and was sold in May 2003 to CBS.  Mr. Farar
      has assisted in evaluating new station acquisitions and implementation of
      programming when stations became operational.





Family
      Relationships





Justin
      Farar is the son of Sim Farar.





Board
      Meetings





Our
      Board
      of Directors held one meeting during the fiscal year ended September 30, 2007
      and acted by unanimous written consent on 20 occasions.  Each director
      during fiscal year 2007 participated in at least 75% or more of the aggregate
      number of the meetings of the Board held during the time that such person was
      a
      director and any committee on which he served.





23


Board
      Committees





*Audit
      Committee*





The
      audit
      committee of our Board of Directors is responsible for reviewing and monitoring
      our financial statements and internal accounting procedures, recommending the
      selection of independent auditors by our board, evaluating the scope of the
      annual audit, reviewing audit results, consulting with management and our
      independent auditor prior to presentation of financial statements to
      stockholders and, as appropriate, initiating inquiries into aspects of our
      internal accounting controls and financial affairs.  Our audit
      committee consists of Mr. Grunfeld who serves as chairman and Mr.
      Brehm.  Due to the fact that we are in our business development stage
      and have not yet assembled our complete management team, the audit committee
      does not currently have exclusively disinterested directors as members, nor
      does
      it have a member who qualifies as a disinterested “audit committee financial
      expert’ under the federal securities laws.  We hope to be able to fill
      this position in early 2008.  The audit committee did not meet during
      fiscal year 2007.





We
      currently have no compensation or nominating committee or other board committee
      performing equivalent functions. Currently, all members of our board of
      directors participate in discussions concerning executive officer compensation
      and nominations to the board of directors.





**Code
      of Conduct and Ethics**





Our
      board
      of directors has adopted a code of business conduct and ethics applicable to
      our
      directors, officers and employees, in accordance with applicable federal
      securities laws and the Nasdaq Rules.





**Indemnification
      of Executive Officers and Directors**





The
      General Corporation Law of the State of Delaware permits indemnification of
      directors, officers, and employees of corporations under certain conditions
      subject to certain limitations. Article VII of our Certificate of Incorporation
      states that we may provide indemnification of our agents, including our officers
      and directors to the maximum extent permitted by the Delaware Corporation
      Law.  In the event that a claim for indemnification (other than the
      payment by us of expenses incurred or paid by our sole director and officer
      in
      the successful defense of any action, suit or proceeding) is asserted by such
      director, officer or controlling person in connection with the securities being
      registered, we will, unless in the opinion of our counsel the matter has been
      settled by controlling precedent, submit to a court of appropriate jurisdiction
      the question whether such indemnification by it is appropriate and will be
      governed by the final adjudication of such issue.





24


Insofar
      as indemnification for liabilities arising under the Securities Act of 1933
      may
      be permitted to directors, officers and controlling persons pursuant to the
      foregoing provisions, or otherwise, we have been advised that in the opinion
      of
      the SEC such indemnification is against public policy as expressed in the
      Securities Act and is, therefore, unenforceable.





**Section
      16(a) Beneficial Ownership Reporting Compliance**





Longfoot
      is filing this annual report pursuant to Section 15(d) of the Exchange Act
      and
      does not have any shares currently registered under Section 12 of the 1934
      Act.  As such our executive officers and directors, and persons who
      own more than 10% of our common stock are not required to file reports pursuant
      to Section 16(a) of the 1934 Act with the Securities and Exchange Commission
      (the "SEC").





**ITEM
                10.**
            **EXECUTIVE
                COMPENSATION**





The
      following table sets forth the compensation of our Officers during the last
      two
      fiscal years. No compensation was paid to any officer or director in excess
      of
      $100,000 during the last completed fiscal year.





**SUMMARY
                COMPENSATION TABLE****Name
                & Position**
            **Fiscal
                Year**
            **Salary**
              **($)**
            **Bonus**
              **($)**
            **Stock
                Awards**
              **$**
            **Option
                Awards**
              **$**
            **Non-Equity
                Incentive Plan Compensation**
              **($)**
            **Nonqualified
                Deferred Compensation Earnings**
              **($)**
            **All
                Other**
              **Compensation**
              **($)**
            **Total**
              **($)**Arthur
                  Lyons
            2007
            -0-(1)
            -0-
            -0-
            -0-
            -0-
            -0-
            -0-
            -0-(CEO)2006
            -0-
            -0-
            -0-
            -0-
            -0-
            -0-
            -0-
            -0-





(1)   Through
      September 30, 2007, Mr. Lyons provided consulting and administrative services
      to
      the Company at no cost.  The fair value of the services of $2,800 was
      based on the estimated hours incurred at $40 per hour and has been recorded
      as a
      charge to expenses and a credit to Additional Paid-in Capital.





A
      monthly
      salary of $2,000 has been paid to Justin Farar from November 1, 2005 until
      his
      resignation on October 25, 2007.  Jack Brehm was paid $14,980 during
      the fiscal year 2007 for services rendered as CFO.























25


**Employment/Consulting
      Agreements**





We
      do not
      have any employment or agreements.  We entered into a consulting
      agreement with Sim Farar on April 30, 2007.  Pursuant to the agreement
      with Mr. Farar we agreed to pay him $3,000 per month for his business consulting
      services.  Mr. Farar was paid a total of $15,000 during the last
      fiscal year pursuant to this agreement. As a result of the Stock Purchase
      transaction, this consulting agreement was terminated by mutual consent on
      October 22, 2007 with Mr. Farar agreeing to waive all remaining accrued but
      unpaid fees.





**Stock
      Option Plan**





We
      do not
      have a stock option plan and we have not issued any warrants, options or other
      rights to acquire our securities.





**Employee
      Pension, Profit Sharing or other Retirement Plans**





We
      do not
      have a defined benefit, pension plan, profit sharing or other retirement plan,
      although we may adopt one or more of such plans in the future.





**Director's
      Compensation**





At
      present we do not pay our directors for attending meetings of our Board of
      Directors, nor do we pay directors any compensation for serving as
      directors.  We have no standard arrangement pursuant to which our
      directors are compensated for any services provided as a director or for
      committee participation or special assignments.





**ITEM
                11.**
            **SECURITY
                OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND****MANAGEMENT
                AND RELATED STOCKHOLDER
                MATTERS**





The
      following tables set forth as of October 15, 2007 the ownership of our common
      stock by each person known by us to be the beneficial owner of more than 5%
      of
      our outstanding common stock, our directors, and our executive officers and
      directors as a group.  To the best of our knowledge, the persons named have
      sole voting and investment power with respect to such shares, except as
      otherwise noted.  There are no known pending or anticipated arrangements
      that may cause a change in control other than as described below under “Change
      of Control”.








**Name
                  and Address**
            **Number
                of Shares Owned Beneficially**
            **Percentages**
              **of
                Outstanding**Arthur
                Lyons
              President,
                CEO, Director
              914
                Westwood Blvd., Ste. 809
              Los
                Angeles, California  90024
            10,000
            *




26





**Name
                and Address**
            **Number
                of Shares Owned Beneficially**
            **Percentages**
              **of
                Outstanding**Gusmail,
                LLC
              Justin
                Farar, Manager
              Vice
                President(2)
              914
                Westwood Blvd., Suite 809
              Los
                Angeles,, California  90024
            900,000
                **(1)**
            18.3Aaron
                A. Grunfeld
              Director
              10390
                Santa Monica Blvd., 4th
                Fl.
              Los
                Angeles, California  90025
            100,000
            2%Jack
                Brehm
              Chief
                Financial Officer, Director
              9229
                Sunset Blvd., Ste. 810
              West
                Hollywood, California  90069
            100,000
            2%All
                Executive Officers and directors as a group (4 people)
            1,110,000
            24.6%Stockholders
                owning 5% or more of outstanding common stockPP60,
                LLC
              Sim
                Farar, Manager
              9229
                Sunset Blvd., Suite 810
              West
                Hollywood, California  90069
            1,770,018**(1)**
            36%32
                Mayall, LLC
              Joel
                Farar, Manager
              914
                Westwood Blvd., Ste. 809
              Los
                Angeles, California  90024
            900,000**(1)**
            22%Andrew
                Limpert
              c/o
                B. Getty
              1245
                E. Brickyard Rd. #590
              Salt
                Lake City, UT 84100
            208,000
            5%


*
      Less
      than 1%


(1)Justin
      Farar and Joel Farar are the
      adult sons of Sim Farar and each disclaims beneficial ownership of the shares
      held by the other.


(2)  Justin
      Farar resigned as Vice-President on October 25, 2007.





**Change
      of Control**





On
      October 22, 2007, the Company entered into a Stock Purchase Agreement pursuant
      to which, upon closing, the Company will issue to a Purchasing Group a number
      of
      shares that will give such Purchasing Group 51% ownership of the Company’s
      outstanding common stock.  The Purchasing Group is lead by the Frost
      Gamma Investments Trust, an entity controlled by Dr. Phillip
      Frost.  Dr. Frost is the Chairman and Chief Executive Officer of Opko
      Health, Inc., a specialty healthcare company focused on the treatment, diagnosis
      and prevention of ophthalmic diseases.




27


Previously,
      Dr. Frost founded IVAX Corporation and served as Chairman of the Board of
      Directors and Chief Executive Officer of IVAX from 1987 until its sale to Teva
      Pharmaceuticals Industries LTD., in January 2006.  Dr. Frost has
      served as Vice Chairman of the Board of Directors of Teva since the completion
      of the acquisition of IVAX.





As
      a
      condition of the Stock Purchase Agreement, the Company’s Board of Directors will
      be expanded to five members. The Purchasing Group will be allowed to designate
      and appoint at least three directors, representing a majority of the new
      Board.





**ITEM
                12.**
            **CERTAIN
                RELATIONSHIPS AND RELATED
                TRANSACTIONS**





On
      December 18, 2006 the Company entered into an Irrevocable Funding Agreement
      with
      PP60, LLC, a Delaware limited liability company controlled by Sim
      Farar.  Pursuant to this Agreement, PP60, LLC advanced a total of
      $150,000 to the Company.  As of October 4, 2007, the entire principal
      plus accrued interest had been converted into 780,048 shares of the Company’s
      restricted common stock.  This Agreement was terminated by mutual
      consent on October 22, 2007.




On
      April
      30, 2007 the Company entered into a Consulting Agreement with Sim Farar to
      provide assistance in evaluating new station acquisitions and implantation
      of
      programming for new stations. The Agreement provided for Mr. Farar to be paid
      a
      consulting fee of $3,000 per month.  The Agreement had a term of one
      year but was voluntarily terminated on October 22, 2007 upon the signing of
      the
      Stock Purchase Agreement.




Trifar
      Investment Company, from which we leased our West Hollywood office space, is
      owned by Sim Farar, Justin Farar and Joel Farar and is, therefore, deemed
      to be a related party to us. We believe that the lease of our office space
      from
      Trifar Investment Company was on terms as favorable to us as would be available
      from an unaffiliated party.  This lease was terminated in October
      2007.




Should
      a
      transaction, proposed transaction, or series of transactions involve one of
      our
      officers or directors or a related entity or an affiliate of a related entity,
      or holders of stock representing 5% or more of the voting power (a “related
      entity”) of our then outstanding voting stock, the transaction must be approved
      by the unanimous consent of disinterested directors.  In the event a
      member of the board of directors is a related party, that member will abstain
      from the vote.




Of
      the
      directors serving on the Board and the Audit Committee during the fiscal year
      ended September 30, 2007 only Aaron Grunfeld would be deemed to be independent
      as that term is defined under SEC and/or NASD regulations.




28




**ITEM
                13.**
            **EXHIBITS**





**Exhibit
                No.**
            **Description
                of Exhibit**3.1.1
            Certificate
                of Incorporation3.1.2
            Restated
                Certificate of Incorporation3.2
            By-Laws3.3
            Code
                of Business Conduct and Ethics5.1
            Opinion
                of Counsel10.1
            Low
                Power Television Construction Permit issued February 9, 2004 for
                Winslow,
                Arizona.10.2
            Low
                Power Television Construction Permit issued May 4, 2004 for Gladstone,
                Michigan10.3
            Low
                Power Television Construction Permit issued May 4, 2004 for Big Sky,
                Montana10.4
            Construction
                Permit Purchase Agreement, dated October 13, 2005, regarding our
                acquisition of low power television stations located in Winslow,
                Arizona;
                Gladstone, Michigan and Big Sky, Montana.10.5
            Escrow
                Agreement dated October 13, 2005 for transfer of construction
                permits.10.6
            Assignment
                of Construction Permits from Longfoot Communications Corp. to Village
                Broadcasting Corp.10.7
            FCC
                Consent to Transfer Construction Permits10.8
            Assignment
                of Construction Permits10.9(1)
            Irrevocable
                Funding Agreement dated December 18, 200610.10(2)
            Stock
                Purchase Agreement dated October 22, 200710.11*
            Asset
                Purchase Agreement dated November 12, 200710.12*
            Letter
                to FCC dated November 13, 200721
            Subsidiaries
                of the Issuer31.1*
            Certification
                by CEO pursuant to Section 302 of the Sarbanes-Oxley Act of
                200231.2*
            Certification
                by CFO pursuant to Section 302 of the Sarbanes-Oxley Act of
                200232*
            Certification
                pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002______________________________
              All
                exhibits are incorporated by reference to the Registrant’s Registration
                Statement on Form SB-2 (No. 333-130110), except as indicated, filed
                with
                the Commission on December 2, 2005
              (1)Incorporated by reference to the Registrants’ Annual Report
                on Form 10-KSB for the fiscal year ended September 30, 2006 filed
                with the
                SEC on December 26, 2006.
              (2)  Incorporated
                by reference to the Registrants’ Form 8-K filed with the SEC on October
                25, 2007.
              ***
                Filed with this Form
                10-KSB**





29




**ITEM
                14.**
            **PRINCIPAL
                ACCOUNTANT FEES AND
                SERVICES**





During
      our fiscal years ended September 30, 2007 and 2006 we were billed the following
      aggregate fees by Farber Hass Hurley and McEwen LLP (“FHHM”). There were no
      billings or services rendered prior thereto.





Audit
      and Audit-Related Fees.





The
      aggregate fees billed for professional services rendered by FHHM for the audit
      of Longfoot’s financial statements for the fiscal years ended September 30, 2007
      and 2006 (included in the SB2 filing in 2006) and for the review of the
      financial statements included in Longfoot’s Quarterly Reports on Form 10-QSB for
      the 2007 fiscal year were approximately $30,000 and $25,000,
      respectively.





Tax
      and Other Fees





There
      were no fees billed by FHHM for the fiscal years ended September 30, 2007 and
      2006 for tax compliance, tax advice or tax planning or for any other
      services.





**Committee
      Pre-Approval Policies**





Rules
      adopted by the Securities and Exchange Commission in order to implement
      requirements of the Sarbanes-Oxley Act of 2002 require public company audit
      committees to pre-approve audit and non-audit services.  Our Audit
      Committee has adopted a policy for the pre-approval of all audit, audit related
      and tax services, and permissible non-audit services provided by the independent
      auditors.  The policy provides for an annual review of an audit plan
      and budget for the upcoming annual financial statement audit, and entering
      into
      an engagement letter with the independent auditors covering the scope of the
      audit and the fees to be paid.  The Audit Committee may also from
      time-to-time review and approve in advance other specific audit, audit related,
      tax or permissible non-audit services.  In addition, the Audit
      Committee may from time-to-time give pre-approval for audit services, audit
      related services, tax services or other non-audit services by setting forth
      such
      pre-approved services on a schedule containing a description of, budget for,
      and
      time period for such pre-approved services. The policies require the Audit
      Committee to be informed of each service, and the policies do not include any
      delegation of the Audit Committee's responsibilities to management. The Audit
      Committee may delegate pre-approval authority to one or more of its members.
      The
      member to whom such authority is delegated will****report any
      pre-approval decisions to the Audit Committee at its next scheduled
      meeting.







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**SIGNATURES**







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







**LONGFOOT
              COMMUNICATIONS
              CORP.**Date:
                November
                21, 2007
            By:
            /s/ Arthur
              LyonsArthur
              LyonsPresident
              and Chief Executive
              Officer













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





**Signature**
            **Title**
            **Date**/s/
                Arthur
                Lyons
              Arthur
                Lyons
            Chairman
                of the Board, President
            November
                21, 2007/s/
                Jack
                Brehm
              Jack
                Brehm
            Director
                and Chief Financial Officer
              (Principal
                Financial & Accounting Officer)
            November
                21, 2007/s/
                Aaron
                Grunfeld
              Aaron
                A. Grunfeld
            Director
            November
                21, 2007





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