| x      | ANNUAL      REPORT UNDER SECTION 13 OR 15(d) OF THE |
|--------|-----------------------------------------------------|
|   | SECURITIES      EXCHANGE ACT OF 1934                |

| o      | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE |
|--------|---------------------------------------------------------|
|   | SECURITIES      EXCHANGE ACT OF 1934                    |

| ASCEND      ACQUISITION CORP.                      |
|----------------------------------------------------|
| (Name      of small business issuer in itscharter) |

| Delaware                                                            |   |   | 20-3881465                                |
|---------------------------------------------------------------------|--------|--------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   |   | (I.R.S.      Employer Identification No.) |
|                                                                |   |   |                                      |

| 435      Devon Park Drive, Bldg. 400, Wayne, PA | 19087           |
|-------------------------------------------------|-----------------|
| (Address      of principal executive offices)   | (Zip      Code) |

----

----

----

----

----

----

|                                                                                                                                                                                                  |   | December      31,2007 |       |   | December      31,2006 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|------------|--------|-----------------------|--------|
|                                                                                                                                                                                                  |   |                  |       |   |                  |   |
| ASSETS                                                                                                                                                                                                |   |                  |       |   |                  |   |
| Current      assets:                                                                                                                                                                                  |   |                  |       |   |                  |   |
| Cash      and cash equivalents                                                                                                                                                                        |   | $                     | 10,508     |   |                  | $      | 423,590 |   |
| Investments      held in trust                                                                                                                                                                        |   |                  | 40,656,728 |   |                  |   | 39,354,720 |   |
| Prepaid      expenses                                                                                                                                                                                 |   |                  | 10,937     |   |                  |   | 10,028 |   |
| Deferred      income taxes                                                                                                                                                                            |   |                  | 29,900     |   |                  |   | 28,100 |   |
| Total      assets                                                                                                                                                                                     |   | $                     | 40,708,073 |   |                  |   | 39,816,438 |   |
|                                                                                                                                                                                                  |   |                  |       |   |                  |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                                                                                                                                       |   |                  |       |   |                  |   |   |   |
| Current      liabilities:                                                                                                                                                                             |   |                  |       |   |                  |   |   |   |
|    Accounts      payable and accrued expenses                                                                                                                                          |   | $                     | 680,414    |   |                  | $      | 42,585 |   |
|    Income      taxes payable                                                                                                                                                           |   |                  | 29,900     |   |                  |   | 42,800 |   |
|    Deferred      interest                                                                                                                                                              |   |                  | 429,088    |   |                  |   | 168,816 |   |
|    Deferred      payment due to underwriter                                                                                                                                            |   |                  | 952,200    |   |                  |   | 952,200 |   |
| Total      liabilities                                                                                                                                                                                |   |                  | 2,091,602  |   |                  |   | 1,206,401 |   |
|                                                                                                                                                                                                  |   |                  |       |   |                  |   |   |   |
| Commitments                                                                                                                                                                                           |   |                  |       |   |                  |   |   |   |
|                                                                                                                                                                                                  |   |                  |       |   |                  |   |   |   |
| Common      stock, subject to possible conversion, 1,379,310 shares                                                                                                                                   |   |                  | 7,698,189  |   |                  |   | 7,698,189 |   |
|                                                                                                                                                                                                  |   |                  |       |   |                  |   |   |   |
| Stockholders’      Equity:                                                                                                                                                                      |   |                  |       |   |                  |   |   |   |
| Preferred      stock, $.0001 par value, authorized 1,000,000 shares; none   issued                                                                                                     |   |                  | -          |   |                  |   | - |   |
|    Common      stock, $.0001 par value, authorized 30,000,000 shares; issuedand      outstanding 8,566,667 shares (which includes 1,379,310 sharessubject      to possible conversion) |   |                  |   857 |   |                  |   |   857 |   |
| Additional      paid-in capital                                                                                                                                                                       |   |                  | 30,529,388 |   |                  |   | 30,529,388 |   |
| Retained      earnings accumulated during development stage                                                                                                                                           |   |                  | 388,037    |   |                  |   | 381,603 |   |
| Total      stockholders’ equity                                                                                                                                                                 |   |                  | 30,918,282 |   |                  |   | 30,911,848 |   |
|                                                                                                                                                                                                  |   |                  |       |   |                  |   |   |   |
| Total      liabilities and stockholders’ equity                                                                                                                                                 |   | $                     | 40,708,073 |   |                  | $      | 39,816,438 |   |

----

|                                     |   | YearEndedDecember      31, 2007 |       |   | YearEndedDecember      31, 2006 |   |      | December      5, 2005(Inception)      to December 31,2007 |   |
|------------------------------------------|--------|---------------------------------|------------|--------|---------------------------------|--------|-----------|-----------------------------------------------------------|--------|
|                                     |   |                            |       |   |                            |   |      |                                                      |   |
| General      and administrative expenses |   | $                               | 1,072,170  |   |                            | $      | 268,728   |                                                      |   | $ | 1,342,090 |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Operating      loss                      |   |                            | (1,072,170 | )      |                            |   | (268,728  | )                                                         |   |   | (1,342,090 | ) |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Other      income:                       |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Interest      income                     |   |                            | 4,167      |   |                            |   | 8,461     |                                                      |   |   | 12,689 |   |
| Interest      on trust fund investment   |   |                            | 1,041,737  |   |                            |   | 675,701   |                                                      |   |   | 1,717,438 |   |
| Total      other income                  |   |                            | 1,045,904  |   |                            |   | 684,162   |                                                      |   |   | 1,730,127 |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Income      (loss) before income taxes   |   |                            | (26,266    | )      |                            |   | 415,434   |                                                      |   |   | 388,037 |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Income      tax benefit (provision)      |   |                            | 32,700     |   |                            |   | (32,700   | )                                                         |   |   | - |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Net      income                          |   | $                               | 6,434      |   |                            | $      | 382,734   |                                                      |   | $ | 388,037 |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Weighted      average shares of common   |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
|                                |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
|         stock outstanding      |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Basic      and diluted                   |   |                            | 8,566,667  |   |                            |   | 6,015,617 |                                                      |   |   | 7,084,589 |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Earnings      per common share           |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |
| Basic      and diluted                   |   | $                               | .00        |   |                            | $      | .06       |                                                      |   | $ | .05 |   |
|                                     |   |                            |       |   |                            |   |      |                                                      |   |   |   |   |

----

|                                                                                                                                                    |   |              |                           |   |       |   |                    | Retained        |   |   |                       |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------------------------------|--------|------------|--------|-------------------------|-----------------|--------|--------|----------------------------|--------|
|                                                                                                                                                    |   |              |                           |   |       |   |                    | Earnings        |   |   |                       |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    | (Deficit)       |   |   |                       |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    | Accumulated     |   |   |                       |   |
|                                                                                                                                                    |   |              |                           |   | Additional |   |                    | during      the |   |   |                       |   |
|                                                                                                                                                    |   | Common      Stock |                           |   | Paid-In    |   |                    | Development     |   |   |                       |   |
|                                                                                                                                                    |   | Shares            |                           |   | Amount     |   |                    | Capital         |   |   | Stage                      |   |   | Total |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |
|  Sale      of 1,500,000 shares of common stock to initial stockholders on December 5,      2005 at $0.0167 per share                               |   |              |       1,500,000 |   |       | $      |      150 |            |   | $      |      24,850 |   |   | $ |      - |   |   | $ |      25,000 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Net      loss for the period December 5, 2005 (inception)to      December 31, 2005                                                                      |   |              |   -                       |   |       |   |   -                |            |   |   |   -                   |   |   |   | (1,131 | ) |   |   | (1,131 | ) |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2005                                                                                                                         |   |              | 1,500,000                      |   |       |   | 150                     |            |   |   | 24,850                     |   |   |   | (1,131 | ) |   |   | 23,869 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Sale      of 6,900,000 units, net of underwriters’ discount and offering expenses      (includes 1,379,310 shares subject to possible redemption) |   |              |     6,900,000        |   |       |   |     690       |            |   |   |     37,202,642   |   |   |   |     - |   |   |   |     37,203,332 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Proceeds      from issuance of insider      units                                                                                                  |   |              | 166,667                        |   |       |   | 17                      |            |   |   | 999,985                    |   |   |   | - |   |   |   | 1,000,002 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Proceeds      subject to possible conversion of 1,379,310 shares at approximately $5.58      per share                                                  |   |              |   -                       |   |       |   |   -                |            |   |   | (7,698,189                 | )      |   |   |   - |   |   |   | (7,698,189 | ) |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Proceeds      from issuance of option                                                                                                                   |   |              | -                              |   |       |   | -                       |            |   |   | 100                        |   |   |   | - |   |   |   | 100 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Net      income for the year ended December 31, 2006                                                                                               |   |              | -                              |   |       |   | -                       |            |   |   | -                          |   |   |   | 382,734 |   |   |   | 382,734 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
|    Balance,      December 31, 2006                                                                                                       |   |              | 8,566,667                      |   |       |   | 857                     |            |   |   | 30,529,388                 |   |   |   | 381,603 |   |   |   | 30,911,848 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
| Net      income for the year ended  December 31, 2007                                                                                    |   |              | -                              |   |       |   | -                       |            |   |   | -                          |   |   |   | 6,434 |   |   |   | 6,434 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |
|    Balance,      December 31, 2007                                                                                                       |   |              | 8,566,667                      |   |       | $      | 857                     |            |   | $      | 30,529,388                 |   |   | $ | 388,037 |   |   | $ | 30,918,282 |   |
|                                                                                                                                                    |   |              |                           |   |       |   |                    |            |   |   |                       |   |   |   |   |   |   |   |   |   |

----

|                                                                                         |   |  Year      EndedDecember      31, 2007 |       |   |  Year      EndedDecember      31, 2006 |        |        | December      5, 2005 (Inception) to December 31, 2007 |   |
|----------------------------------------------------------------------------------------------|--------|---------------------------------------------|------------|--------|---------------------------------------------|-------------|-------------|--------------------------------------------------------|--------|
| Cash      flows from operating activities:                                                   |   |                                        |       |   |                                        |        |        |                                                   |   |
| Net      income                                                                              |   | $                                           | 6,434      |   |                                        | $           | 382,734     |                                                   |   | $ | 388,037 |   |
| Adjustments      to reconcile net income to net cash used in operating      activities: |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Interest      income on investments held in trust                                            |   |                                        | (1,302,008 | )      |                                        |        | (844,517    | )                                                      |   |   | (2,146,525 | ) |
| Change      in operating assets and liabilities:                                             |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Increase      in prepaid expenses                                                            |   |                                        | (909       | )      |                                        |        | (10,028     | )                                                      |   |   | (10,937 | ) |
| Increase      in deferred tax asset                                                          |   |                                        | (1,800     | )      |                                        |        | (28,100     | )                                                      |   |   | (29,900 | ) |
| Increase      in accounts payable and accrued expenses                                       |   |                                        | 637,829    |   |                                        |        | 41,393      |                                                   |   |   | 680,414 |   |
| (Decrease)      increase in income taxes payable                                             |   |                                        | (12,900    | )      |                                        |        | 42,800      |                                                   |   |   | 29,900 |   |
| Increase      in deferred interest                                                           |   |                                        | 260,272    |   |                                        |        | 168,816     |                                                   |   |   | 429,088 |   |
| Net      cash used in operating activities                                                   |   |                                        | (413,082   | )      |                                        |        | (246,902    | )                                                      |   |   | (659,923 | ) |
|                                                                                         |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Cash      flows from investing activities:                                                   |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Purchase      of treasury bills held in trust                                                |   | _                                           |       |   |                                        | (15,485,695 | )           |                                                   |   | (15,485,695 | ) |
| Purchase      of municipal securities held in trust                                          |   |                                        | -          |   |                                        |        | (30,809,507 | )                                                      |   |   | (30,809,507 | ) |
| Sale/maturity      of treasury bills held in trust                                           |   |                                        | -          |   |                                        |        | 15,613,788  |                                                   |   |   | 15,613,788 |   |
| Sale      of municipal securities held in trust                                              |   |                                        | -          |   |                                        |        | 31,176,329  |                                                   |   |   | 31,176,329 |   |
| Purchase      of Pennsylvania municipal securities held in trust                             |   |                                        | -          |   |                                        |        | (39,005,118 | )                                                      |   |   | (39,005,118 | ) |
| Net      cash used in investing activities                                                   |   |                                        | -          |   |                                        |        | (38,510,203 | )                                                      |   |   | (38,510,203 | ) |
|                                                                                         |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Cash      flows from financing activities:                                                   |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Gross      proceeds from initial public offering                                             |   |                                        | -          |   |                                        |        | 41,400,000  |                                                   |   |   | 41,400,000 |   |
| Proceeds      from note payable to stockholder                                               |   |                                        | -          |   |                                        |        | -           |                                                   |   |   | 80,000 |   |
| Repayment      of note payable to stockholder                                                |   |                                        | -          |   |                                        |        | (80,000     | )                                                      |   |   | (80,000 | ) |
| Proceeds      from sale of shares of common stock to founding    stockholders                |   |                                        | -          |   |                                        |        | -           |                                                   |   |   | 25,000 |   |
| Proceeds      from issuance of option                                                        |   |                                        | -          |   |                                        |        | 100         |                                                   |   |   | 100 |   |
| Proceeds      from sale of insider units                                                     |   |                                        | -          |   |                                        |        | 1,000,002   |                                                   |   |   | 1,000,002 |   |
| Payment      of costs of public offering                                                     |   |                                        | -          |   |                                        |        | (3,219,468  | )                                                      |   |   | (3,244,468 | ) |
| Net      cash provided by financing activities                                               |   |                                        | -          |   |                                        |        | 39,100,634  |                                                   |   |   | 39,180,634 |   |
|                                                                                         |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Net      (decrease) increase in cash and cash equivalents                                    |   |                                        | (413,082   | )      |                                        |        | 343,529     |                                                   |   |   | 10,508 |   |
| Cash      and cash equivalents at beginning of period                                        |   |                                        | 423,590    |   |                                        |        | 80,061      |                                                   |   |   | - |   |
| Cash      and cash equivalents at end of period                                              |   | $                                           | 10,508     |   |                                        | $           | 423,590     |                                                   |   | $ | 10,508 |   |
|                                                                                         |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Supplemental      schedule of non-cash financing activity:                                   |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
| Deferred      payment due to underwriter                                                     |   |                                        |       |   |                                        |        |        |                                                   |   |   |   |   |
|                                                                                         |   | $                                           | -          |   |                                        | $           | 952,200     |                                                   |   | $ | 952,200 |   |

----

----

----

----

|   |                                               |   Year      Ended December 31, 2007                          |   |   Year      Ended December 31, 2006                                            |   | December      5, 2005 (Inception)      to December      31, 2007                                |   |
|--------|----------------------------------------------------|------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------|--------|
|   |                                               |                                                                   |   |                                                                                     |   |                                                                                                 |   |
|   | Numerator:  Net      income              | $       6,434                       |   | $       382,734                                       |   | $      388,037                                                         |   |
|   |                                               |                                                                   |   |                                                                                     |   |                                                                                                 |   |
|   | Denominator:      Average common sharesoutstanding |  8,566,667                                                        |   |  6,015,617                                                                          |   |  7,084,589                                                                                      |   |
|   |                                               |                                                                   |   |                                                                                     |   |                                                                                                 |   |
|   | Basic      and diluted earnings per share          | $           .00 |   | $              .06 |   |  $               .05 |   |
|   |                                               |                                                                   |   |                                                                                     |   |                                                                                                 |

----

----

|                  |   |    For      the year ended December 31, |    |   | For the      periodDecember      5, 2005(inception)      to December      31, |   |
|-----------------------|--------|--------------------------------------------------------|---------|--------|------------------------------------------------------------------------------------|--------|
|                  |   | 2007                                                   |    |   | 2006                                                                               |   |   | 2007 |   |
| Current      federal  |   | $                                                      | 1,800   |   |                                                                               | $      | 28,100 |   |   | $ | 29,900 |   |
| Deferred      federal |   |                                                   | (1,800  | )      |                                                                               |   | (28,100 | ) |   |   | (29,900 | ) |
| Current      state    |   |                                                   | (32,700 | )      |                                                                               |   | 32,700 |   |   |   | - |   |
| Deferred      state   |   |                                                   | -       |   |                                                                               |   | - |   |   |   | - |   |
|                  |   | $                                                      | (32,700 | )      |                                                                               | $      | 32,700 |   |   | $ | - |   |

|                                   |   |   For the year ended December      31, |   |   | For      the period December      5, 2005(inception)      toDecember      31, |   |
|----------------------------------------|--------|--------------------------------------------------|--------|--------|------------------------------------------------------------------------------------|--------|
|                                   |   | 2007                                             |   |   | 2006                                                                               |   |   | 2007 |   |
| Statutory      federal income tax rate |   |                                             | (34.0  | %)     |                                                                               |   | 34.0 | % |   |   | 34.0 | % |
| Permanent      differences and other   |   |                                             |   |   |                                                                               |   | (34.0 | %) |   |   | (34.0 | %) |
| State      tax effect                  |   |                                             | (124.5 | %)     |                                                                               |   | 7.9 | % |   |   | - |   |
| Increase      in valuation allowance   |   |                                             | 34.0   | %      |                                                                               |   | - |   |   |   | - |   |
| Effective      income tax rate         |   |                                             | (124.5 | %)     |                                                                               |   | 7.9 | % |   |   | - |   |

|                                           |   | December 31, |     |
|------------------------------------------------|--------|--------------|----------|
|                                           |   | 2007         |     |   | 2006 |   |
| Expenses      deferred for income tax purposes |   | $            | 508,900  |   |   | $ | 88,100 |   |
| Deferred      interest                         |   |         | 16,000   |   |   |   | 16,000 |   |
| Valuation      allowance                       |   |         | (495,000 | ) |   |   | (76,000 | ) |
| Net      deferred tax asset                    |   | $            | 29,900   |   |   | $ | 28,100 |   |

----

----

| FY Ending December      31, | EBITDA      Target |
|-----------------------------|--------------------|
| 2008                        | $14,727,000        |
| 2009                        | $24,268,000        |
| 2010                        | $37,935,000        |

| Share Price      Trigger | Number of Market Price      Shares |
|--------------------------|------------------------------------|
| $6.00                    | 88,525                             |
| $6.50                    | 88,525                             |
| $7.00                    | 88,525                             |
| $7.50                    | 88,525                             |
| $8.00                    | 88,525                             |

----

|   | The      following exhibits are filed as part of this report: |
|--------|---------------------------------------------------------------|
|   |                                                          |   |
|   | Exhibit                                                       |   |   |
|   | Number                                                        | Description |   |
|   |                                                          |   |
|   | 31.01                                                         | Certification      pursuant to Rule 13a-14(a) of the Securities Exchange Act of      1934. |   |
|   | 31.02                                                         | Certification      pursuant to Rule 13a-14(a) of the Securities Exchange Act of      1934. |   |
|   | 32.01                                                         | Certification      Pursuant to 18 U.S.C. Section 1350, as pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002. |   |
|   | 32.02                                                         | Certification      Pursuant to 18 U.S.C. Section 1350, as pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002. |   |
|   |                                                          |   |

| ASCEND      ACQUISITION CORP.                                                    |
|----------------------------------------------------------------------------------|
| By:                                                                              | /s/ Don K.      Rice |
| Don      K. Rice                                                                 |
| Chairman      of the Board, Chief Executive Officer,President      and Treasurer |
| Date:   July      28, 2008                                        |

----