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                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-KSB

[X]   Annual Report Pursuant To Section 13 Or 15(d) Of The Securities
      Exchange Act Of 1934

      For the fiscal year ended December 31, 2005
                                ----------------
[ ]   Transition Report Under Section 13 Or 15(d) Of The Securities Exchange
      Act Of 1934

      For the transition period from                 to
                                         ------------   -------------------

COMMISSION FILE NUMBER:          000-50693
                            ------------------

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

                NEVADA                        71-0915828
-----------------------------------------     ---------------------------------
(State or other jurisdiction of               (I.R.S. Employer
incorporation or organization)                Identification No.)


420 N. Nellis Blvd., Suite A3-146
Las Vegas, Nevada                             89110
-----------------------------------------     ---------------------------------
(Address of principal executive offices)      (Zip Code)

(877) 779-4646
-----------------------------------------
Issuer's telephone number

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

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

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the past 12 months (or for such shorter
period that 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]

                                       1

<page>

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

State issuer's revenues for its most recent fiscal year:  $105,637


State the aggregate market value of the voting and non-voting common equity held
by non-affiliates  computed by reference to the price at which the common equity
was sold,  or the average bid and asked  price of such  common  equity,  as of a
specified date within the past 60 days. (See definition of affiliate in Rule
12b-2 of the Exchange Act.): $31,010,000 based on the  closing  price for our
shares of common  stock of $8.86 on March 29, 2006.

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date. 115,000,000 shares of common stock as
at March 30, 2006.

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


                                       2

<PAGE>



                                     PART I



                    NOTE REGARDING FORWARD LOOKING STATEMENTS
        CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS
             OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

         This  Annual  Report  contains   historical   information  as  well  as
forward-looking  statements.  Statements looking forward in time are included in
this  Annual  Report  pursuant  to the safe  harbor  provisions  of the  Private
Securities  Litigation  Reform Act of 1995.  Such  statements  involve known and
unknown  risks and  uncertainties  that may cause our  actual  results in future
periods to be materially different from any future performance suggested herein.
We wish to caution readers that in addition to the important  factors  described
elsewhere in this Form 10-KSB, the following forward looking  statements,  among
others,  sometimes  have  affected,  and in the future could affect,  our actual
results and could cause our actual consolidated results during 2006, and beyond,
to differ materially from those expressed in any forward-looking statements made
by or on our behalf.


ITEM 1. DESCRIPTION OF BUSINESS.

Background
----------

  We were  incorporated  on July 15,  2002 under the laws of the State of Nevada
under the name Titan Web Solutions, Inc. On August 18, 2003, we changed our name
to Javakingcoffee, Inc., and on July 15, 2005 changed our name to Zingo, Inc. We
had  operated  our  business  with the  objective  of  offering  a full range of
business  consulting  services in the retail specialty coffee business in China.
We changed  the nature of our  planned  business  on August  19,  2005,  when we
completed the acquisition of Whistlertel,  formerly a wholly-owned subsidiary of
Hybrid Technologies, Inc. ("Hybrid Technologies"),  in exchange for the issuance
of 80,000,000  shares of our common stock, or 69.56% of our  outstanding  common
stock  following  such  issuance.  Whistlertel  was engaged in providing  highly
reliable and  advanced  telecommunications  services  through a VoIP system that
utilizes the Internet.  Hybrid Technologies is a publicly traded company that is
involved in the  development  and  marketing  of electric  powered  vehicles and
products.

 Our principal executive office is located at 420 N Nellis Blvd Suite A3-146 Las
Vegas,  Nevada 89110. The telephone number of our principal  executive office is
(877) 779-4646.


         Liquidity and Capital Resources

      As of March 31, 2006, we had cash on hand of $ 517,500. During the our
fiscal year ended December 31, 2005, we have incurred operating losses totaling
$958,776. On December 31, 2005,  we had a working  capital  deficiency  of
$1,038,338  and a stockholders' deficit of $958,120.


         We had 115,000,000  shares of common stock issued and outstanding as of
March 30, 2006.  Our common stock is traded on the OTC Bulletin  Board.  On July
22, 2005, we effected a  ten-for-one  forward  split of our  outstanding  common
stock.


General
--------

         We are a development stage technology company.  With the acquisition of
our Whistlertel  (now Zingotel)  subsidiary,  we are engaged in providing highly
reliable and advanced  telecommunications  services through our VoIP system that
utilizes the Internet.

                                       3

<PAGE>

Our Telecommunications Operations
---------------------------------

         We  offer  telecommunications  services  to  business  and  residential
customers  utilizing VoIP  technology.  The strategic  initial  objective of our
telecommunications  operations is to develop a superior multilevel platform that
provides  highly  reliable  and  advanced   telecommunications   services.   Our
telecommunications  operations are conducted  through our subsidiary,  ZingoTel,
Inc..  We plan to focus our efforts in many parts of the globe where the area is
equipped  with  broadband  access  for  Internet  services.   The VoIP system is
developed to work via the  Internet thus  allowing  those  destinations  to have
access  to a highly advanced telephone  system.  The immediate  focus is Central
and Latin America, Europe and developed countries in Asia.

         We have approximately  2000 customers.  We are marketing our operations
on the Internet and through print advertising,  using channels to reach out into
the international  markets. Our success will depend on our ability to anticipate
and  respond  to  various   factors   affecting  the  industry,   including  new
technologies,  changes in customer preferences,  regulatory changes, demographic
trends, economic conditions, and pricing strategies of competitors.

Our VoIP Technology

         VoIP  uses  a  standard  Internet  connection  to  place  phone  calls,
bypassing the telephone company network  entirely.  Major carriers like AT&T are
already  setting  up VoIP  calling  plans in several  markets  around the United
States, and the FCC is looking seriously at the potential  ramifications of VoIP
service.


     In contrast to circuit  switching that has been used by telephone  networks
for more than 100 years,  data networks simply send and retrieve data as needed.
And,  instead of routing the data over a dedicated  line,  the data packets flow
through a network  along  thousands  of possible  paths.  This is called  packet
switching,  where the sending  computer chops data into small  packets,  with an
address on each one telling the network  devices  where to send them,  and sends
the packet to a nearby router,  which sends the packet to another router that is
closer to the recipient computer, and so on. When the receiving computer finally
gets the packets  (which may have all taken  completely  different  paths to get
there), it uses instructions contained within the packets to reassemble the data
into its original  state.  Packet  switching  allows several  telephone calls to
occupy the amount of space occupied by only one in a circuit-switched network.

     Reliability  issues with VoIP include: o First of all, VoIP is dependent on
wall power.

o        Many home systems may be integrated into the phone line.  Digital video
         recorders,  digital  subscription TV services and home security systems
         all use a standard phone line to operate.  There is currently no way to
         integrate these products with VoIP.

o        For  emergency  911 calls  there is no way to  associate  a  geographic
         location with an IP address.  There is no way to know which call center
         to route the emergency call to and which EMS should respond.

o        Because VoIP uses an Internet connection,  it is susceptible to all the
         problems  normally  associated  with  home  broadband  services.  These
         factors will affect call quality:

         -      Latency

         -      Jitter

         -      Packet loss


         Phone  conversations can become  distorted,  garbled or lost because of
         transmission errors. VoIP is susceptible to worms, viruses and hacking.

o All phone calls are subject to the limitations of normal computer issues.

                                       4

<PAGE>

     We sell an analog telephone adaptor (ATA) that allows the user to connect a
standard  phone to his  Internet  connection  for use with  VoIP.  The ATA is an
analog-to-digital converter. It takes the analog signal from a traditional phone
and converts it into digital data for transmission over the Internet.

Linksys is our equipment supplier for ATA's and small business solution products
and  we  are an approved purchaser for Linksys IP telephony products, pursuant a
service provider agreement  providing  for  terms and conditions of purchase and
web site marketing.

     We also sell IP Phones.  These  specialized  phones  look just like  normal
phones with a handset,  cradle and  buttons  but instead of having the  standard
phone  connectors,  IP phones  have an  Ethernet  connector.  IP phones  connect
directly to a router and have all the hardware and software  necessary to handle
the IP call.

     When a call is placed  using  VoIP,  a request  is sent to the soft  switch
asking which  endpoint is associated  with the dialed phone number and what that
endpoint's  current IP address is. Once the IP address is found,  an exchange of
data  between  the two  endpoints  can  take  place.  We use  the  SIP  (Session
Initiation)  protocol,  developed  specifically for VoIP applications,  for this
communication.

     We offer monthly rate plans structured like cell phone plans for $14.95 per
month for home use. On the business end, we offer unlimited plans for $49.95.


Our VoIP plans include:

o        Caller ID

o        Call waiting

o        Call transfer

o        Repeat dial

o        Return call

o        Three-way calling

There are also advanced  call-filtering  options  available.  These features use
caller ID  information  to allow the user make a choice  about how calls  from a
particular number are handled.  The user can: o Forward the call to a particular
number

o        Send the call directly to voicemail

o        Give the caller a busy signal

With our VoIP  service,  the user can  specify a stutter  dial tone and can also
check  voicemail  via the Web or have .WAV file  messages  attached to an e-mail
sent to his computer or handheld.


Regulatory Matters

     Internet-related   regulatory  policies  are  continuing  to  develop.  For
example, the FCC could subject certain services offered by ISPs to regulation as
telecommunications  services.  Among  other  things,  the FCC  could  decide  to
regulate  voice  services   provided  over  the  Internet,   such  as  VoIP,  as
"telecommunications"  or a  "telecommunications  service"  even though  Internet
access itself might not be regulated.  Such a decision could result in our being
subject  to  universal  service  fees,  access  fees and other  fees  imposed on
regulated telecommunications providers as well as heightened costs of regulatory
compliance.  We could be adversely  affected by any regulatory change that would
result  in  the  imposition  of  access  charges  on  ISPs  because  this  would
substantially increase the cost of using the Internet.

     State  public  utility  commissions  generally  have  declined  to regulate
enhanced or information  services.  However,  some state commissions continue to
review  potential  regulation of these services.  There can be no assurance that
state  regulatory  authorities  will  not  seek to  regulate  aspects  of  these
activities as telecommunications services.

                                       5

<PAGE>

Internet Taxation

     The Internet Tax  Non-Discrimination  Act,  which was passed by Congress in
November 2004 and signed into law in December  2004,  renewed and extended until
November  2007  a  moratorium   on  taxes  on  Internet   access  and  multiple,
discriminatory  taxes on electronic  commerce.  This  moratorium  had previously
expired in November  2003.  As with the  preceding  Internet  Tax  Freedom  Act,
"grandfathered"  states  which taxed  Internet  access prior to October 1998 may
continue to do so. Certain states have enacted  various taxes on Internet access
and/or electronic commerce,  and selected states' taxes are being contested on a
variety of bases. However, state tax laws may not be successfully contested, and
future state and federal laws imposing  taxes or other  regulations  on Internet
access and electronic  commerce may arise,  any of which could increase the cost
of  providing  Internet  services  and could  materially  adversely  affect  our
business.


Competition
-----------

         Our telecommunications  services also face substantial competition from
other  companies which provide VoIP services,  most of which have  significantly
greater financial  resources than we do. VoIP services are available from a wide
range of companies including cable companies,  long-distance companies, national
VoIP providers and regional service providers.


Employees
---------

         As of the date of this  report,  we have 19  employees.  We employ four
consultants.


Research and Development Expenditures
-------------------------------------

         We incurred  no research  and  development  expenditures  in our fiscal
years ended December 31, 2004 and 2005.


Patents and Trademarks
----------------------

         The Company does not own, either legally or  beneficially,  any patents
or trademarks.


Risk Factors
------------

         You should be particularly  aware of the inherent risks associated with
our business plan. These risks include but are not limited to:

General

WE ARE A DEVELOPMENT STAGE BUSINESS

         We have had minimal revenues from our telecommunication  operations. As
of December  31, 2005,  we had cash on hand of $604.  During the our fiscal year
ended December 31, 2005, we have incurred operating losses totaling $958,776. On
December 31, 2005,  we had a working  capital  deficiency  of  $1,038,338  and a
stockholders'  deficit of  $958,120.  We expect  that we will  continue to incur
operating losses in the future. Failure to achieve or maintain profitability may
materially and adversely affect the future value of our common stock.

IF WE DO NOT OBTAIN ADDITIONAL FINANCING, OUR BUSINESS WILL FAIL

         Our   current   operating   funds   are   less   than   necessary   for
planned marketing efforts for our  products,  and  therefore  we  will  need  to
obtain  additional  financing in order to complete our business plan.  We do not
currently  have  any  arrangements  for  financing  and  we may not be  able  to
find  such financing  if required.  Market  factors may make the timing, amount,
terms or conditions of additional financing unavailable to us.

                                       6

<PAGE>

WE  HAVE  BEEN  THE  SUBJECT  OF  A  GOING  CONCERN OPINION FROM OUR INDEPENDENT
AUDITORS, WHICH MEANS THAT WE MAY NOT BE ABLE TO CONTINUE OPERATIONS  UNLESS  WE
OBTAIN ADDITIONAL FUNDING

         Our independent  auditors have added an explanatory  paragraph to their
audit opinions, issued in connection with our financial statements, which states
that our ability to continue as a going concern is uncertain.

We may not successfully enhance existing or develop new products and services in
a  cost-effective  manner to meet customer demand in the rapidly evolving market
for Internet communications services.

     The market for Internet and telecommunications services is characterized by
rapidly changing  technology,  evolving industry standards,  changes in customer
needs and  frequent  new  service and product  introductions.  We are  currently
focused on developing and evaluating  technologies and  applications  associated
with VoIP services.  Our future success will depend,  in part, on our ability to
use leading  technologies  effectively,  to  continue  to develop our  technical
expertise,  to enhance our existing  services  and to develop new services  that
meet changing customer needs on a timely and cost-effective basis. We may not be
able to adapt quickly enough to changing technology,  customer  requirements and
industry standards. If we fail to use new technologies  effectively,  to develop
our technical  expertise and new services or to enhance  existing  services on a
timely basis, either internally or through  arrangements with third parties, our
product  and  service  offerings  may fail to meet  customer  needs  which would
adversely affect our revenues.


OUR TELECOMMUNICATIONS SERVICE OFFERINGS MAY FAIL TO BE COMPETITIVE WITH
EXISTING AND NEW COMPETITORS.


     We operate in the Internet services market, which is extremely competitive.
Current and  prospective  competitors  include  many large  companies  that have
substantially greater market presence, financial, technical, marketing and other
resources  than  we  have.   Competition  is  likely  to  continue   increasing,
particularly  as large  diversified  telecommunications  companies  continue  to
provide VoIP services.

     Because  we  operate  in a highly  competitive  environment,  the number of
subscribers we are able to add may decline,  the cost of acquiring new customers
through our own sales and marketing  efforts may increase,  and/or the number of
customers who discontinue the use of our service (churn) may increase.


SERVICE INTERRUPTIONS OR IMPEDIMENTS COULD HARM OUR BUSINESS.

     Harmful software  programs.  The networks of our third-party  providers are
vulnerable to damaging  software  programs,  such as computer viruses and worms.
Certain of these  programs  have disabled the ability of computers to access the
Internet, requiring users to obtain technical support in order to gain access to
the Internet. Other programs have had the potential to damage or delete computer
programs.  The development and widespread  dissemination of harmful programs has
the  potential  to  seriously  disrupt  Internet  usage.  If  Internet  usage is
significantly  disrupted for an extended period of time, or if the prevalence of
these programs  results in decreased  residential  Internet usage,  our business
could be materially and adversely impacted.

Security   breaches.   We   depend   on  the   security   of   our   third-party
telecommunications  service providers.  Unauthorized or inappropriate access to,
or  use  of,  these  networks  could  potentially  jeopardize  the  security  of
confidential  information  of our  customers  and of  third  parties.  so in the
future.  Users or third parties may assert  claims of liability  against us as a
result  of any  failure  by us to  prevent  these  activities.  Although  we use
security  measures,  there can be no assurance that the measures we take will be
successfully  implemented or will be effective in preventing  these  activities.
Further,  the security  measures of our  third-party  network  providers  may be
inadequate.  These  activities  may subject us to legal  claims,  may  adversely
impact our  reputation,  and may  interfere  with our  ability  to  provide  our
services,  all of which could have a material  adverse  effect on our  business,
financial position and results of operations.

                                       7

<PAGE>

     Natural disaster or other  catastrophic  event. Our operations and services
depend on the extent to which our computer  equipment and the computer equipment
of our  third-party  network  providers are protected  against damage from fire,
flood, earthquakes,  power loss, telecommunications failures, break-ins, acts of
war or terrorism and similar events.  Interruptions in our services could have a
material adverse effect on our ability to provide VoIP services to our customers
and, in turn, on our business, financial condition and results of operations.

     Network    infrastructure.    We   may   experience    increases   in   our
telecommunications usage that exceed our available  telecommunications capacity.
As a result, users may be unable to register or log on to use our services,  may
experience  a  general  slow-down  in  their  Internet   connection  or  may  be
disconnected  from  their  sessions.  Inaccessibility,  interruptions  or  other
limitations  on the ability of customers to access our services due to excessive
user demand, or any failure of our network to handle user traffic,  could have a
material adverse effect on our reputation.


GOVERNMENT REGULATIONS COULD FORCE US TO CHANGE OUR BUSINESS PRACTICES.

     Changes in the  regulatory  environment  regarding the Internet could cause
our revenues to decrease  and/or our costs to  increase.  The FCC,  however,  is
examining voice services (such as VoIP). As a result, we could become subject to
FCC and state regulation.  The tax treatment of activities on or relating to the
Internet is currently  unsettled.  A number of  proposals  have been made at the
federal,  state and local  levels and by foreign  governments  that could impose
taxes on the online sale of goods and  services and other  Internet  activities.
Future  federal  and state laws  imposing  taxes on the  provision  of goods and
services over the Internet could make it substantially more expensive to operate
our business.


ITEM 2.     DESCRIPTION OF PROPERTY.

Our mailing address is 420 N. Nellis Blvd., Suite A3-146, Las Vegas, Nevada
89110, for which we pay $11.00 per month,  on a month to month basis.

We  also  have  an  office  at 2929  East  Commercial  Blvd.,  Suite  610,  Fort
Lauderdale,  Florida.  We  leased  this  office,  which  has 1993  square  feet,
commencing  January  1, 2006,  for a period of 14 months at a monthly  rental of
$3314.46.

ITEM 3.     LEGAL PROCEEDINGS.

     We are not a party to any material legal  proceedings and to our knowledge,
no such proceedings are threatened or contemplated.


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

No matters were  submitted to our security  holders for a vote during the fourth
quarter of our fiscal year ending December 31, 2005.

                                       8

<PAGE>

                                     PART II

ITEM 5.     MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
            MATTERS.


As of  December  31,  2005,  there were  approximately 215 record  owners of the
Company's  common stock. The Company's common stock started quoting for trade on
December 1, 2004 on the National  Association of Securities Dealers OTC Bulletin
Board.  Our Common Stock trades under the symbol "ZNGO.OB". Bid  quotations for
the common stock  commenced September 1, 2005.


Period                                     High                       Low
------                                     ----                       ---
September 1 to September 30, 2005         $5.54                      $.50
October 1 to December 31, 2005            $6.35                      $2.28

January 1 to March 29, 2006               $8.86                      $5.25


Holders  of common  stock are  entitled  to  receive  such  dividends  as may be
declared by the Board of Directors out of funds legally available  therefor and,
in the  event of  liquidation,  to share  pro  rata in any  distribution  of the
Company's  assets after  payment of  liabilities.  The Board of Directors is not
obligated to declare a dividend.  The Company has not paid any dividends and the
Company does not have any current plans to pay any dividends.

Recent Sales of Unregistered Securities
----------   ------------------    -----------   ------------     --------------
Date         Title and Amount      Purchasers      Principal      Total Offering
                                                  Underwriter         Price
                                                                   /Underwriting
                                                                      Discounts
----------   ------------------    -----------   -------------    --------------


August 19,    80,000,000 shares     Hybrid            NA              $-0-/NA
2005          common stock issued   Technologies,
              to Hybrid             Inc.
              Technologies, Inc.
              in connection with
              the acquisition of
              all of the outstanding
              stock of WhistlerTel,
              Inc., a subsidiary
              of Hybrid Technologies,
              Inc.
---------     ------------------   -----------   -------------    --------------



                                       9

<PAGE>

Securities Authorized for Issuance under Equity Compensation Plans


         The following table sets forth as of December 31, 2005 information with
respect to our common stock issued and available to be issued under  outstanding
options, warrants and rights.

<TABLE>
<CAPTION>
---------------------------- ---------------------------- ---------------------------- ----------------------------
                                (a)                          (b)                          (c)
Plan category                   Number of securities to be   Weighted-average exercise    Number of securities
                                issued upon exercise of      price of outstanding         remaining available for
                                outstanding options,         options, warrants and        future issuance under
                                warrants and rights          rights                       equity compensation
                                                                                          plans
                                                                                          (excluding securities
                                                                                          reflected in column (a))
------------------------------- ---------------------------- ---------------------------- -------------------------
<S>                                 <C>                       <C>                             <C>
Equity compensation plans
approved by security holders                -0-                         --                           -0-
------------------------------- ---------------------------- ---------------------------- -------------------------

Equity compensation plans not
approved by security holders                -0-                         --                           -0-
------------------------------- ---------------------------- ---------------------------- -------------------------

Total                                       -0-                         --                           -0-
------------------------------- ---------------------------- ---------------------------- -------------------------
</TABLE>

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

FORWARD LOOKING STATEMENTS

This annual report  contains  forward-looking  statements that involve risks and
uncertainties.  We use words such as anticipate,  believe, plan, expect, future,
intend and similar expressions to identify such forward-looking  statements. You
should not place too much  reliance  on these  forward-looking  statements.  Our
actual results are likely to differ  materially from those  anticipated in these
forward-looking  statements  for many  reasons,  including the risks faced by us
described in this section.

INTRODUCTION

The Company was  incorporated  on July 15, 2002,  under the laws of the State of
Nevada under the name "Titan Web Solutions, Inc." On August 18, 2003, we changed
our name to  "Javakingcoffee,  Inc." Our name was changed to Zingo, Inc. on July
15, 2005.

We had been  engaged  in the  business  of  offering  a full  range of  business
consulting services to retailers in the specialty coffee industry in China until
August  2005.  On August 18,  2005,  we entered  into an  Agreement  and Plan of
Reorganization,  pursuant to which we agreed to acquire  all of the  outstanding
shares of Whistlertel, Inc., a Nevada corporation, which was
formerly  a  wholly-owned   subsidiary  of  our  majority  stockholder,   Hybrid
Technologies.  On  August  19,  2005,  we  completed  the  acquisition  of  this
subsidiary  in  exchange  for the  issuance of  80,000,000  shares of our common
stock,  or 69.56% of our  outstanding  common stock  following  such issuance to
Hybrid  Technologies.  Through this subsidiary (now renamed  ZingoTel,  Inc.) we
offer   telecommunications   services  to  business  and  residential  customers
utilizing  VoIP  technology.  We plan to focus our  efforts in many parts of the
globe where the area is equipped  broadband  access for Internet  services.  The
VoIP  system  is  developed  to  work  via  the  Internet  thus  allowing  those
destinations to have access to a highly advanced telephone system.

Results Of Operations for the Year Ended December 31, 2005

We incurred a net loss of $958,120 the year ended  December  31,  2005.  We have
incurred losses since inception through December 31, 2005, of $983,915.

2005 COMPARED WITH 2004

We incurred a net loss of $958,120 in the year ended  December 31,  2005,  which
included general and administrative costs of $873,831.

                                       10

<PAGE>

We had sales of $105,637 in the year ended  December 31, 2005,  as compared with
$23,148 in 2004. Our gross loss on our sales for 2005 was $84,945, and for 2004,
$25,938.  Our net loss  increased in 2005 from 2004 primarily due to an increase
in administrative costs from $23,005 in 2004 to $873,831 in 2005.

PLAN OF OPERATION

During the period  since  commencement  of  business  on  November  24,  2004 to
December 31, 2005, we have incurred  operating losses aggregating  $983,915.  At
December 31, 2005,  we had a working  capital  deficiency  of  $1,038,338  and a
stockholders' deficit of $983,915.

We have  approximately  2000  subscribers.  We believe that our VOIP systems are
working  well and we are poised for  expansion  of our  customer  base.  We have
initiated an aggressive  marketing campaign on the Internet,  and will be adding
TV advertising.

However,  at this point,  the  continuation of the Company as a going concern is
dependent  upon the  continued  financial  support  from our  shareholders,  our
ability to obtain  necessary equity  financing to continue  operations,  and the
attainment of profitable  operations.  Our auditors have  expressed  substantial
doubt concerning our ability to continue as a going concern.

As of March 31 , 2006, we had cash on hand of $ 517,500.  Our liabilities at
December 31, 2005, totaled $1,101,275.

Commercial Initiatives

         Our immediate focus is Central and Latin America,  Europe and developed
countries in Asia. We have  approximately  2000 customers.  We are marketing our
operations  on the Internet and through  print  advertising,  using  channels to
reach out into the international markets. Our success will depend on our ability
to anticipate and respond to various factors  affecting the industry,  including
new  technologies,   changes  in  customer   preferences,   regulatory  changes,
demographic trends, economic conditions, and pricing strategies of competitors.


5.2     Liquidity and Capital Resources

           Since our  incorporation,  we have  financed  our  operations  almost
exclusively  through  the sale of our common  shares to  investors  and  through
advances from our directors. We expect to finance operations through the sale of
equity or  advances  from our major  stockholder,  Hybrid  Technologies,  in the
foreseeable  future as we do not receive  significant  revenue  from our current
business  operations.  There  is no  guarantee  that we will  be  successful  in
arranging financing on acceptable terms.

           As of December 31, 2005, we had received  approximately $1,036,000
in advances  from our  principal  stockholder,  Hybrid  Technologies,  including
approximately  $982,000  in the year  ended  December  31,  2005.  Without  such
funding, we could not stay in business.


         At March 31,  2006, we had $ 517,500 cash on hand. Our ability to raise
additional  capital is affected by trends and uncertainties  beyond our control.
We do not currently have any  arrangements  for financing and we may not be able
to find such  financing if required.  Obtaining  additional  financing  would be
subject to a number of factors, including investor sentiment. Market factors may
make the timing, amount, terms or conditions of additional financing unavailable
to us.

         Our  auditors  are of the  opinion  that  our  continuation  as a going
concern is in doubt.  Our  continuation  as a going  concern is  dependent  upon
continued financial support from our shareholders and other related parties.


                                       11

<PAGE>

ITEM 7. FINANCIAL STATEMENTS.











                                   ZINGO, INC.
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                                December 31, 2005




















                                       12

<PAGE>

                                   Zingo, Inc.
                          (A Development Stage Company)

                          Index to Financial Statements


Report of Independent Registered Accounting Firm                             14

Consolidated Balance Sheet as of December 31, 2005                           15


Consolidated Statements of Operations for the year ended December 31, 2005
and for the two months ended December 31, 2004.                              16


Consolidated Statement of stockholders' (deficit) for the
year ended December 31, 2005                                                 17

Consolidated  Statement  of cash flows for the year ended
December 31, 2005 and for the two months ended December 31, 2004             18


Notes to the financial statements                                            19











                                       13

<PAGE>

Report of Independent Registered Public Accounting Firm


To the Board of Directors and Stockholders of
Zingo, Inc.

We have audited the  accompanying  consolidated  balance  sheets of Zingo,  Inc.
(formerly  JavaKingCoffee,  Inc.)  as of  December  31,  2005,  and the  related
consolidated  statements of operations,  stockholders' equity and cash flows for
December 31, 2005 and the two months ended  December 31, 2004.  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 audit.

We conducted  our audit 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, the financial statements referred to above present fairly in all
material respects, the financial position of Zingo, Inc. as of December 31, 2005
and the results of  operations  and cash flows for December 31, 2005 and the two
months  ended  December  31, 2004 in  conformity  with U.S.  generally  accepted
accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern. As shown in the financial  statements,
the Company incurred a net loss of $958,120 as of December 31, 2005. At December
31, 2005,  current  liabilities  exceeded current assets by $1,038,338 and total
liabilities  exceeded  total  assets by  $958,120.  These  factors,  and  others
discussed  in Note 2, raise  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
assets, or the amounts and classification of liabilities that might be necessary
in the event the Company cannot continue in existence.


/s/ Mason Russell West, LLC
Littleton, CO
March 28, 2006


                                       14

<PAGE>

ZINGO, INC.
(formerly JavaKingCoffee, Inc.)

CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                                            December 31,
ASSETS                                                                                                          2005
----------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                        <C>
Current assets:
  Cash                                                                                                    $             604
  Accounts receivable, net of allowance for
       doubtful accounts of  $2,465                                                                                   5,585
  Inventories                                                                                                        11,541
  Prepaid expenses                                                                                                   45,207
                                                                                                         --------------------
           Total current assets                                                                                      62,937


Property and equipment, net                                                                                          39,458

Other assets                                                                                                         40,760
                                                                                                         --------------------
                                                                                                          $         143,155
                                                                                                         ====================


LIABILITIES AND DEFICIT
-----------------------------------------------------------------------------------------------------------------------------
Current liabilities:
  Accounts payable                                                                                        $         52,357
  Accrued expenses                                                                                                  10,591
  Deferred revenues                                                                                                  2,065
  Due to related party                                                                                           1,036,262
                                                                                                         --------------------
           Total current liabilities                                                                             1,101,275

Stockholders' deficit
  Common   stock, $.001 par value,  250,000,000
           shares authorized, 35,000,000 shares issued and
           outstanding  at December  31,  2004,  115,000,000
           shares issued and outstanding at December 31, 2005                                                       115,000
Par value in excess of assets received                                                                             (89,205)
Accumulated deficit                                                                                               (983,915)
                                                                                                         --------------------
                                                                                                                 (958,120)
                                                                                                         --------------------
                                                                                                          $       143,155
                                                                                                         ====================
</TABLE>


SEE NOTES TO FINANCIAL STATEMENTS


                                       15

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
                                                                                                          Two months
                                                                                          Year ended          ended
                                                                                          December 31,     December 31,
                                                                                              2005             2004
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                                      <C>               <C>
Sales                                                                                  $      105,637      $     23,148
Cost of sales                                                                                 190,582            25,938
                                                                                        ----------------- ----------------
   Gross profit (loss)                                                                        (84,945)           (2,790)

General and administrative                                                                    873,831            23,005
                                                                                        ----------------- ----------------
  (Loss) from operations                                                                     (958,776)          (25,795)


Other income (expense)                                                                            656                 -


                                                                                        ----------------- ----------------
Net (loss)                                                                             $     (958,120)     $    (25,795)
                                                                                        ================= ================


Net (loss) per share                                                                   $        (0.01)     $          -
                                                                                        ================= ================

Weighted shares outstanding                                                                65,000,000        35,000,000
</TABLE>







SEE NOTES TO FINANCIAL STATEMENTS


                                       16

<PAGE>

ZINGO, INC.
(formerly JavaKingCoffee, Inc.)


CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
<TABLE>
<CAPTION>
                                                                                                 Deficit
                                                                              Par value        accumulated
                                                                             in excess of      during the
                                                  Shares       Par value        assets       development stage          Total
---------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>              <C>           <C>             <C>                    <C>
Balance January 1, 2004                          35,000,000   $    35,000  $         -      $       (20,235)        $     14,765
Net loss for the year ended
  December 31, 2004                                       -             -            -              (63,439)             (63,439)
                                              -----------------------------------------------------------------------------------
Balance December 31, 2004                        35,000,000        35,000                           (83,674)             (48,674)


Net loss for period ended August 2005                                                               (25,029)             (25,029)
Contribution of related party debt to capital                                     48,674                                  48,674
Record issuance of stock                         80,000,000        80,000       (137,879)            82,908               25,029
                                              -----------------------------------------------------------------------------------
As adjusted for reverse acquisition             115,000,000       115,000        (89,205)           (25,795)                   -
Net loss for the year ended
  December 31, 2005                                      -              -            -             (958,120)            (958,120)
                                              -----------------------------------------------------------------------------------
                                                                                                      $
Balance December 31, 2005                       115,000,000   $   115,000  $     (89,205)   $      (983,915)        $   (958,120)
                                              ===================================================================================
</TABLE>
















SEE NOTES TO FINANCIAL STATEMENTS


                                       17

<PAGE>

ZINGO, INC.
(formerly JavaKingCoffee, Inc.)

CONSOLIDATED STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                                                                Two months
                                                                                               Year ended          ended
                                                                                              December 31,      December 31,
                                                                                                  2005              2004
--------- -------- ------------ ------------ ------------ ---------- ----------- ----------- ---------------- -----------------
<S>                                                                                          <C>               <C>
Cash Flows from Operating Activities
Net (loss)                                                                                   $   (958,120)    $     (25,795)
Items not affecting cash flows

           Depreciation                                                                             8,393             1,775
           Allowance for doubtful accounts                                                          2,465                 -
          (Increase) in accounts receivable                                                        (2,355)           (5,696)
          (Increase) decrease in
          inventories                                                                               7,362           (18,903)
          (Increase) in prepaid expenses                                                          (19,808)          (25,399)
          Increase in accounts payable and accrued expenses                                        60,296             2,652
          Increase in deferred revenue                                                                  -             2,065
                                                                                             ---------------- -----------------
                   Net cash (applied to) operating activities                                    (901,767)          (69,301)

Cash Flows from Investing Activities
          Purchase of property and equipment                                                      (15,425)           (8,877)
          Increase in other assets                                                                (40,760)               -
                                                                                             ---------------- -----------------
                   Net cash (applied to) financing activities                                     (56,185)           (8,877)

Cash Flows from Financing Activities
          Cash provided by parent majority shareholder                                            956,780            79,954
                                                                                             ---------------- -----------------
                   Net cash provided by financing activities                                      956,780            79,954
                                                                                             ---------------- -----------------

Increase (decrease) in cash                                                                        (1,172)            1,776

Cash at beginning of period                                                                         1,776                 -
                                                                                             ---------------- -----------------

Cash at end of period                                                                        $        604     $       1,776
                                                                                             ================ =================

          Supplemental disclosures of non cash transactions
          Assets contributed for capital                                                     $          -     $      25,324
          Related party liability contributed to capital                                     $     48,674     $           -
</TABLE>







          SEE NOTES TO FINANCIAL STATEMENTS


                                       18

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Nature of business and significant accounting policies

The summary of  significant  accounting  policies is  presented to assist in the
understanding of the financial  statements.  The financial  statements and notes
are the  representations  of management.  These  accounting  policies conform to
accounting  policies generally accepted in the United States of America and have
been consistently applied in the preparation of the financial statements..

History and Nature of Business
Zingo, Inc. (the Company) was incorporated on July 15, 2002 under the laws of
the State of Nevada under the name "Titan Web Solutions, Inc."   The Company
changed its name to JavaKingCoffee Inc. in August 2003.

Effective  August 8, 2005,  the Company  entered into an  Agreement  and Plan of
Reorganization,  pursuant  to which the  Company  agreed to  acquire  all of the
outstanding  shares of  WhistlerTel,  Inc.,  a Nevada  corporation,  which was a
wholly owned subsidiary of Hybrid Technologies,  Inc. (Hybrid).  The transaction
was  completed  on August 19, 2005 by the issuance of  80,000,000  shares of the
Company's stock in exchange for all of the outstanding  shares of  WhistlerTel's
common stock.

WhistlerTel,   Inc.  was  organized  in  November,   2004.  The  Company  offers
telecommunication  services to businesses  provide voice  communication  via the
Internet.  The system  requires  high  speed  broadband internet access.

The business  combination  has been  accounted for as a reverse  acquisition  as
Hybrid has acquired sufficient stock to control the Company. Management believes
that it may be beneficial  to Zingo to have a market for its stock  separate and
apart from the market for the parent company's stock. As a reverse  acquisition,
the capital structure, i.e. common Stock of JavaKing,  remains in existence, but
the  reported  historical  operations  and  accumulated  deficit  are  those  of
WhistlerTel  from inceptions  (November  2004). No goodwill or other  intangible
asset with value was identified in the acquisition.

As a  result  of  the  reverse  acquisition,  the  Company  is an  69.56%  owned
subsidiary of Hybrid.

Basis of consolidation

The  financial  statements  include  the  accounts of the Company and its wholly
owned subsidiary, Zingo Telecom, Inc. All intercompany accounts and transactions
have been eliminated in consolidation.

Estimates

The  preparation  of  financial  statements  prepared  in  accordance  with  the
accounting standards generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of
assets and  liabilities  and disclosure of contingent  assets and liabilities at
the date of the  financial  statements.  Actual  results could differ from those
estimates.


                                       19

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


--------------------------------------------------------------------------------

Summary of Significant Accounting Policies - continued

Cash and cash equivalents
Cash and cash  equivalents  consist  of  highly  liquid  investments,  which are
readily convertible into cash with original maturities of three months or less.

Financial instruments
The fair value of accounts  receivables,  accounts  payable and accrued expenses
and advances from related parties  approximates  fair value based on their short
maturities.

Accounts receivable
The Company  provides  credit to customer in the normal  course of business.  An
allowance for accounts  receivable  is estimated by management  based in part on
the aging of receivables and historical transactions.

Inventories
Inventories  are  stated  at the lower of cost or  market.  Cost is based on the
specific identification method.

Property and equipment
Property and equipment are recorded at cost.  Depreciation of property and
equipment are accounted for by accelerated methods over the following estimated
useful lives

                                                                 Lives
                                                               ----------
                          Furniture and fixtures               10 years
                          Software                             3-5 years
                          Computers                             5 years

Long-lived assets
The Company  accounts for  long-lived  assets in  accordance  with  Statement of
Financial  Accounting  Standard No. 144 (SFAS 144)  "Accounting  for  Long-Lived
Assets". The carrying value of long-lived assets are reviewed on a regular basis
for the existence of facts and circumstances  that may suggest  impairment.  The
Company recognizes an impairment when the sum of undiscounted  future cash flows
is less than the  carrying  amount of the asset.  The write down of the asset is
charged to the period in which the impairment occurs.


Income taxes
Income taxes are accounted for under the asset and  liability  method.  Deferred
tax assets and  liabilities  are recognized  for amounts of existing  assets and
liabilities  and their  respective  tax bases and operating  loss and tax credit
carry  forwards.  Deferred tax assets and credits are measured using enacted tax
rates expected to be recovered or settled. The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in the consolidated financial
statements in the period that includes the enactment date.

                                       20

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

--------------------------------------------------------------------------------
Summary of Significant Accounting Policies - continued

Comprehensive income (loss)
The  Company  reports   comprehensive  income  (loss)  in  accordance  with  the
requirements  of Statement of Financial  Accounting  Standards  No. 130. For the
years ended  December 31, 2005 and 2004.  There are no  differences  between net
income (loss) and comprehensive income (loss).

Revenues
Revenues  are  recognized  at the time that  service is completed or the related
products have been installed.

Advertising
Advertising  costs are generally  expensed and are included in selling,  general
and administrative  expenses.  Total advertising expenditures for the year ended
December 31, 2005 were approximately $200,000.

Recently issued pronouncements
In  January  2004,  the  Financial  Accounting  Standards  Board  (FASB)  issued
Statement  of  Financial   Accounting   Standards   (SFAS)  No.132   "Employers'
Disclosures about Pensions and Other Post-retirement  Benefits", an amendment of
FASB statements No. 87, 88 and 106. The Statement revises employers' disclosures
about pension plans and other post retirement benefit plans. Management does not
believe this pronouncement  will have any effect on the financial  statements of
the Company.

In November 2004, the FASB issued SFAS No. 151, "Inventory Costs - an Amendment
of Accounting Research Bulletin No. 43, Chapter 4."  This statement provides
clarification for the accounting of abnormal idle facility expense, freight
handling costs, and waste materials.  This statement is effective for inventory
costs incurred during fiscal years beginning after June 15,
2005. Management does not believe this pronouncement will have any effect on the
financial statements of the Company.

In December 2004, the FASB issued SFAS No. 153, Exchanges of Non-monetary Assets
- an amendment of Accounting  Principles  Board Opinion No. 29." This  statement
eliminates the exception for non-monetary exchanges of similar productive assets
and replaces it with a general exception for the exchange of non-monetary assets
that do not have commercial substance.
A non-monetary  exchange has commercial  substance,  if the future cash flows of
the entity are  expected to  significantly  change as a result of the  exchange.
This statement is effective for non-monetary exchanges occurring in fiscal years
beginning  after June 15, 2005.  Management  does not believe the application of
this pronouncement will have any material effect on the financial  statements of
the Company.

In December 2004, the FASB issued SFAS No. 123(R),  "Share-Based  Payment.  SFAS
123(R)  revises SFAS 123 and  supersedes  APB 25 and its related  implementation
guidance.  SFAS 123(R) will require  compensation  costs related to  share-based
compensation  transactions  to be recognized in the financial  statements  (with
limited  exceptions).  The amount of compensation cost will be measured based on
the grant-date fair value of the equity or liability instruments measured.
Compensation  costs will be recognized over the period that an employee provides
service  based on the award.  The Company  has  adopted  SFAS 123(R) but has not
established any stock option plans at this time.

In May 2005, the FASB issued SFAS 154,  "Accounting  Changes and  Corrections" a
replacement  of APB Opinion No. 20 and FASB No. 3. The statement  applies to all
voluntary changes in accounting principles.  It also applies to changes required
by an accounting  pronouncement in the unusual  instance that the  pronouncement
does not include specific transition provisions.

                                       21

<PAGE>

The  statement  carries on  without  change  the  provisions  of APB 20 that the
correction of an error in previously issued financial

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Summary of Significant Accounting Policies - continued
Recently issued pronouncements
statements  and a change in accounting  estimates.  The  statement  also carries
forward  the  guidance  in APB 20  requiring  the  justification  of a change in
accounting principle.

Note 2. Going Concern

The  Company's  financial  statements  are prepared  based on the going  concern
principle.  That principle anticipates the realization of assets and payments of
liabilities  through the ordinary course of business.  No adjustments  have been
made to reduce the value of any assets or record additional liabilities, if any,
if the Company  were to cease to exist.  The Company  has  incurred  significant
operating losses since inception. These operating losses have been funded by its
parent. There are no guarantees that the parent company will continue to provide
the  necessary  funding or whether the Company will be able to raise the capital
required  from other  sources.  Additionally,  the lack of capital may limit the
Company's ability to establish a viable business.

Note 3. Business combination

As  discussed  in Note 1,  JavaKing  Coffee,  Inc.  (JavaKing)  entered  into an
Agreement and Plan of  Reorganization,  pursuant to which the Company  agreed to
acquire  all  of  the  outstanding   shares  of  WhistlerTel,   Inc.,  a  Nevada
corporation,  and  a  wholly  owned  subsidiary  of  Hybrid  Technologies,  Inc.
(Hybrid).  The  transaction  was completed on August 19, 2005 by the issuance of
80,000,000  shares  (69.56%) of the  Company's  stock in exchange for all of the
outstanding shares of WhislerTel's common stock.
The transaction has been accounted for as reverse acquisition because Hybrid has
replaced  the  JavaKing  shareholders  as the  party in  control.  In a  reverse
acquisition the capital  structure  remains that of the legally surviving entity
(JavaKing) but the historical  operations is that of the surviving control group
(WhistlerTel).  The  following  proforma  balance  sheet  gives  effect  to  the
transactions as if it had occurred December 31, 2004.

<TABLE>
<CAPTION>
                                                      As previously       pro-forma
                                                         reported        adjustments       Pro-forma
                                                     ----------------- ---------------- -----------------
             <S>                                      <C>               <C>              <C>
              Current assets                          $    8,735        $    51,774      $     60,509
              Property and equipment, net                      -              8,877             8,877
              Other assets                                     -                 -                  -
                                                     ----------------- ---------------- -----------------
                                                      $    8,735        $    60,651      $     69,386
                                                     ================= ================ =================

              Current liabilities                     $   57,409        $    84,671      $    142,080

              Stockholder's (deficit
                Common stock                              35,000             80,000           115,000
                Par value in excess of net assets              -            (78,261)          (78,261)

                Accumulated deficit                      (83,674)           (25,759)         (109,433)
                                                     ----------------- ---------------- -----------------
                                                         (48,674)           (24,020)          (72,694)
                                                     ----------------- ---------------- -----------------
                                                      $    8,735       $     60,651      $     69,386
                                                     ================= ================ =================
</TABLE>

                                       22

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 3. Business combination - continued

The following proforma  statements of operations gives effect to the transaction
as if it had occurred as of the start of the periods presented.

<TABLE>
<CAPTION>
      Year ended December 31, 2004                                          pro-forma
                                                          As reported      adjustments       Pro-forma
                                                        ---------------- ---------------- -----------------
     <S>                                                 <C>             <C>                <C>
      Revenues                                          $      23,148     $    19,000      $       19,000
      Costs and expenses                                      (48,943)        (47,439)            (47,439)
                                                        ---------------- ---------------- -----------------
      Net (loss)                                        $     (25,795)    $   (28,439)     $      (28,439)
                                                        ================ ================ =================

      Year ended December 31, 2005
                                                                            pro-forma
                                                          As reported      adjustments       Pro-forma
                                                        ---------------- ---------------- -----------------
      Revenues and interest income                       $     106,293    $         -      $      106,293

      Costs and expenses                                    (1,064,413)       (25,029)         (1,089,442)
                                                        ---------------- ---------------- -----------------
      Net (loss)                                         $    (958,120)   $   (25,029)     $      (25,029)
                                                        ================ ================ =================
</TABLE>

Note 4. Other current assets

Other current assets at December 31, 2005 consists of:

                        Prepaid expenses                      $    11,941
                        Prepaid rent                                3,251
                        Amounts on deposit with venders            29,265
                        Employee loans                                750
                                                            -------------
                                                              $    45,207
                                                            =============
Note 5. Property and equipment

Property and equipment at December 31, 2005 consists of:

                        Software                              $    19,993
                        Office and computer equipment              29,633
                                                            -------------
                                                                   49,626
                        Less accumulated depreciation             (10,168)
                                                            --------------
                                                              $    39,458
                                                            ==============
Note 6. Other assets

Other assets at December 31, 2005 consists of:

                        Restricted cash                       $    40,656
                        Deposits                                      104
                                                            --------------
                                                              $    40,760
                                                            ==============


                                       23

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

A Development Stage Company

NOTES TO FINANCIAL STATEMENTS

Note 6. Other assets - continued

The restricted cash consist of amounts on deposit with a financial  institution,
pledged  as  collateral  for a  letter  of  credit  provided  by  the  financial
institution to suppliers.

Note 7.  Capital stock

As discussed in Note 1 and Note 3. the Company entered into an agreement whereby
the Company issued  80,000,000  shares of its common stock to the shareholder of
Whistler Tel, Inc. in exchange for all of the shares of WhistlerTel.

During the year ended  December  31, 2005,  the Company  announced a ten for one
stock  split.  All  information  related  to the  number  of shares or per share
information has been adjusted to reflect this stock split.

Note 8.  Income taxes

Prior to the acquisition of JavaKing,  WhistlerTel had previously been part of a
consolidated group for the purpose of filing it income tax returns.  As a result
of the merger, the Company no longer qualifies as part of the group. The Company
has a net operating loss carryforward of approximately $1,000,000 with a related
deferred tax assets of as to its ultimate realization.

Note 9.  Commitments and contingencies

The  Company  leases  its  office  space on a month to month  basis.  Total rent
expense for the year ended December 31, 2005 was  approximately  $17,000.  It is
expected  that in the normal  course of business  the lease will be continued or
replaced by a similar arrangement.

Subsequent  to December  31,  2005,  the Company  entered  into an  agreement to
acquire a minimum of  approximately  $1,000,000  in inventory.  This  commitment
significantly exceeds prior years purchase requirements.

Note 10.  Related party transactions

As  discussed  in Note 2, (Going  Concern)  the  Company's  principal  source of
financing has been Hybrid.  At December 31, 2005, Hybrid had advanced a total of
approximately  $1,036,000 including approximately $982,000 during the year ended
December 31, 2005. Without such funding, the Company could not stay in business.

The advances  have no specific  repayment  terms and do not bear  interest.  The
amounts are reported as current due to the relationship.


                                       24

<PAGE>

ZINGO,  INC.
(formerly JavaKingCoffee, Inc.)

A Development Stage Company

NOTES TO FINANCIAL STATEMENTS

--------------------------------------------------------------------------------

Note 11.  (Loss) per share

Loss per  share is  computed  based on the  weighted  average  number  of shares
outstanding during the year. The Company has no outstanding options, warrants or
other convertible instruments that could affect the calculated number of shares.






























                                       25

<PAGE>

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

Not applicable.


ITEM 8A. CONTROLS AND PROCEDURES.

         As of the end of the fiscal year ended  December 31,  2005,  covered by
this Form 10-KSB,  the Company carried out an evaluation,  under the supervision
and with the  participation  of Holly  Roseberry,  the Company's Chief Executive
Officer and Principal  Financial and Accounting Officer, of the effectiveness of
the design and operation of the Company's  disclosure controls and procedures as
defined in Rule 13a-15 of the Securities  Exchange Act of 1934.  Based upon that
evaluation,  the Chief Executive Officer and Principal  Financial and Accounting
Officer  concluded  that the Company's  disclosure  controls and  procedures are
effective in timely alerting her to material information relating to the Company
(including its consolidated subsidiaries) required to be included in this Annual
Report on Form  10-KSB.  There have been no changes  in the  Company's  internal
controls or in other factors which could significantly  affect internal controls
subsequent to the date the Company carried out its evaluation.


ITEM 8B.  OTHER INFORMATION

None.


                                    PART III

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

Our executive  officers and directors and their  respective ages as of March 30,
2005 are as follows:


Name                           Age                   Office
--------------------          -----                  ------
Holly Roseberry                 54          President, Chief Executive
                                            Officer and Director
Mehboob Charania                50          Secretary, Treasurer, and
                                            Director

Frank Babusik                   41          Chief Operating Officer of
                                            ZingoTel, Inc.



The following  describes the business  experience of our directors and executive
officers, including other directorships held in reporting companies:

                                       26

<PAGE>

Ms. Holly Roseberry was appointed as our President,  Chief Executive  Officer on
August 30, 2005.  Ms.  Roseberry has acted as the  President and Chef  Executive
Officer and has been a director of Hybrid  Technologies,  our major stockholder,
since  2002.  From 2001 to 2003,  she  acted as  manager  for the Azra  Shopping
Center,  Las Vegas,  Nevada.  She obtained a Bachelor of Arts degree from Sacred
Heart University in Bridgeport,  Connecticut in 1973. Ms. Roseberry was employed
from 1993 to 1996 as human resources manager,  and from 1997 to 1999 as business
office manager, of the Las Vegas location of Wards Department Store.

Mr. Mehboob Charania was appointed as our Secretary and Chief Financial Officer,
and a director,  on August 30, 2005, and has acted as the  secretary,  treasurer
and chief  financial  officer of Hybrid  Technologies  since  November 15, 2002.
Since  June 2001,  Mr.  Charania  has been the owner and  operator  of  Infusion
Bistro, a restaurant located in Calgary, Alberta. From 1998 to 2001, he acted as
a manager at IBM's Calgary office.

Mr. Frank Babusik was appointed as the Chief  Operating  Officer of our ZingoTel
subsidiary  on November 27, 2004.  Prior  thereto,  from August 2000 to November
2003,  Mr.  Babusik was Chief  Operating  Officer of  Communitel,  Inc.,  Miami,
Florida,  a national  prepaid calling card  distributor  company.  His duties at
Communitel involved direction of corporate operations and product development.


Term of Office

Our  directors  are  appointed for a one-year term to hold office until the next
annual  meeting of our  shareholders  or until removed from office in accordance
with our bylaws.  Our officers are  appointed by our board of directors and hold
office until removed by the board.


Significant Employees

We have no significant  employees other than Frank Babusik,  the Chief Operating
Officer of our ZingoTel, Inc. subsidiary.


Section 16(A) Beneficial Ownership Reporting Compliance
-------------------------------------------------------

Section 16(a) of the Exchange Act requires the Company's  executive officers and
directors,  and  persons  who  beneficially  own more  than ten  percent  of the
Company's  equity  securities,  to file  reports  of  ownership  and  changes in
ownership with the Securities and Exchange Commission.  Officers,  directors and
greater than ten percent  shareholders are required by SEC regulation to furnish
the  Company  with copies of all  Section  16(a)  forms they file.  Based on its
review of the copies of such forms  received  by it, the Company  believes  that
during the fiscal year ended  December  31,  2005 all such  filing  requirements
applicable to its officers and directors were complied with.


                                       27

<PAGE>

ITEM 10.     EXECUTIVE COMPENSATION


The following table sets forth in summary form the compensation  received by (i)
the Chief  Executive  Officers of the  Company and (ii) by each other  executive
officer of the  Company  who  received  in excess of  $100,000  during the three
fiscal years ended December 31, 2005.

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                                         Annual Compensation                         Long Term Compensation
----------------------------------------------------------------------------------------------------------------------
                                                             Other           Restricted                   All Other
                                                             Annual         Stock Awards    Options     Compensation
Name and Principal          Fiscal       Salary     Bonus    Compen-sation       (4)         Granted         (6)
Position                      Year        (1)        (2)         (3)                           (5)
----------------------------------------------------------------------------------------------------------------------
<S>                        <C>           <C>        <C>      <C>            <C>              <C>         <C>
Chen Wu, President and        2005        Nil         --          --             --             --           --
Chief Executive Officer    -------------------------------------------------------------------------------------------
from July 22, 2002 to         2004        Nil         --          --             --             --           --
August 30, 2005            -------------------------------------------------------------------------------------------
                              2003        Nil         --          --             --             --           --
                           -------------------------------------------------------------------------------------------
Holly Roseberry,
President and Chief           2005        Nil         --          --             --             --           --
Executive Officer from
August 30, 2005
----------------------------------------------------------------------------------------------------------------------
</TABLE>
(1) The dollar value of base salary (cash and non-cash).


(2) The dollar value of bonus (cash and non-cash) received.


(3) Any other annual  compensation not properly  categorized as salary or bonus,
including  perquisites  and other  personal  benefits,  securities  or property.
Amount in the table represents automobile allowances.


(4) During the period covered by the foregoing  table,  the shares of restricted
stock issued as compensation for services.


(5) The shares of common  stock to be  received  upon the  exercise of all stock
options granted during the period covered by the table.


(6) All other  compensation  received that the Company could not properly report
in any other column of the table including annual Company contributions or other
allocations to vested and unvested  defined  contribution  plans, and the dollar
value of any  insurance  premiums  paid by, or on behalf  of, the  Company  with
respect to term life insurance for the benefit of the named  executive  officer,
and the full dollar value of the remainder of the premiums paid by, or on behalf
of, the Company.


We have not entered into any employment  agreement or consulting  agreement with
our directors and executive officers.


There are no  arrangements or plans in which we provide  pension,  retirement or
similar  benefits  for  directors  or  executive  officers.  Our  directors  and
executive  officers may receive stock options at the  discretion of our board of

                                       28

<PAGE>

directors  in the future.  We do not have any material  bonus or profit  sharing
plans pursuant to which cash or non-cash  compensation  is or may be paid to our
directors or executive officers, except that stock options may be granted at the
discretion of our board of directors.


Directors Compensation
----------------------

We reimburse our directors for expenses  incurred in connection  with  attending
board meetings but did not pay director's  fees or other cash  compensation  for
services rendered as a director in the period ended December 31, 2005.


We have no formal plan for compensating our directors for their service in their
capacity as directors.  We may grant to our  directors in the future  options to
purchase  shares of common  stock as  determined  by our board of directors or a
compensation  committee  which may be established  in the future.  Directors are
entitled to reimbursement for reasonable travel and other out-of-pocket expenses
incurred in  connection  with  attendance at meetings of our board of directors.
Other than  indicated in this report,  no director  received  and/or accrued any
compensation  for  his  or  her  services  as a  director,  including  committee
participation and/or special assignments.


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


Principal Stockholders

The following table sets forth, as of March 30, 2006,  certain  information with
respect to the  beneficial  ownership  of our common  stock by each  stockholder
known by us to be the  beneficial  owner of more than 5% of our common stock and
by each of our current  directors and executive  officers.  Each person has sole
voting and investment  power with respect to the shares of common stock,  except
as otherwise  indicated.  Beneficial  ownership consists of a direct interest in
the shares of common stock, except as otherwise indicated.

<TABLE>
<CAPTION>
                                                       Amount and Nature of                  Percentage
Name and Address of Beneficial Owner                   Beneficial Ownership                 of Class(1)
<S>                                                   <C>                                   <C>
Chen Wu                                              10,000,000 common shares                  8.69%
#248, 811A Ryan Road
Richmond, B.C. V7A 2E4
Canada

Udaya Madanayake                                     10,000,000 common shares                  8.69%
1532 Manning Avenue
Port Coquitlam, B.C. V3B 1K5
Canada

Directors and Executive Officers as a Group                    -0-                              -0-%

Hybrid Technologies, Inc.
5001 East Bonanza Blvd                               80,000,000 common shares                 69.56%
Suite 138-145
Las Vegas, NV 89110
</TABLE>

(1) Based on  115,000,000  shares of common stock issued and  outstanding  as of
March 30, 2006.  Beneficial ownership is determined in accordance with the rules
of the SEC and generally  includes  voting or  investment  power with respect to
securities. Except as otherwise indicated, we believe that the beneficial owners
of the common stock listed above, based on information furnished by such owners,
have sole  investment  and voting power with respect to such shares,  subject to
community property laws where applicable.

                                       29

<PAGE>

Changes in Control
------------------

On August 19, 2005,  we completed the  acquisition  of  Whistlertel,  formerly a
wholly-owned subsidiary of Hybrid Technologies,  in exchange for the issuance of
80,000,000 shares of our common stock, or 69.56% of our outstanding common stock
following such issuance.


ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Other  than as  listed  below,  we have  not  been a party  to any  transaction,
proposed  transaction,  or series of  transactions  in which the amount involved
exceeds $60,000, and in which, to our knowledge, any of our directors, officers,
five percent  beneficial  security holder, or any member of the immediate family
of the  foregoing  persons  has had or will have a direct or  indirect  material
interest.

The  promoters  of our  company  are our former  President  (also  former  Chief
Executive Officer and one of our directors), Chen Wu, our former Chief Financial
Officer (also  Treasurer and formerly one of our directors),  Udaya  Madanayake,
and another former director, Tony Castro.

On August 8, 2002, we issued  1,000,000  shares of our common stock at $0.01 per
share to Mr. Chen Wu in a private  placement  transaction.  Mr. Wu paid the same
per share price as every other subscriber in the private placement. On August 8,
2002, we issued  1,000,000  shares of our common stock at $0.01 per share to Mr.
Udaya Madanayake in a private  placement  transaction.  Mr.  Madanayake paid the
same per share price as every other subscriber in the private placement.

On August 19, 2005,  we completed the  acquisition  of  Whistlertel,  formerly a
wholly-owned subsidiary of Hybrid Technologies,  in exchange for the issuance of
80,000,000 shares of our common stock, or 69.56% of our outstanding common stock
following such issuance.


ITEM 13. EXHIBITS

--------------------------------------------------------------------------------
Exhibit No.                     Description
--------------------------------------------------------------------------------

3.1      Articles  of  Incorporation  of  the  Company. (Incorporated
         herein  by  reference  to  Exhibit  3.1  to  the  Company's
         Registration  Statement on Form SB-2,  filed with the Commission on May
         7, 2003.)


3.2      By-Laws of the  Company.  (Incorporated  herein by reference to Exhibit
         3.2 to the Company's Registration Statement on Form SB-2 filed with the
         Commission on May 7, 2003.)


10.1     Memorandum of Understanding among Chen (Jason) Wu, Udaya Madanayake and
         Tony Castro. (Incorporated herein by reference to Exhibit 10.1 to
         Amendment No. 3 to the  Company's Registration Statement on Form  SB-2,
         filed with the Commission on March 29, 2004.)


                                       30

<PAGE>

10.2     Agreement between H&H Co., Ltd. and the Company, dated August 26, 2004.
         (Incorporated herein by reference to Exhibit 10.3 to the  Company's
         Quarterly Report on Form 10-QSB, filed with the Commission on October
         22, 2004.)

10.3     Agreement between Beijing CXSD Investment Co., Ltd. and the Company,
         dated April 30, 2004. (Incorporated herein by reference to Exhibit 10.2
         to the  Company's Quarterly Report on Form 10-QSB, filed with the
         Commission on October 22, 2004.)

10.4     Agreement and Plan of Reorganization, dated as of August 18, 2005,
         among the Company, Whistlertel, Inc. and  Hybrid Technologies, Inc.
         (Incorporated by reference to Exhibit 10.3 to the Company's Current
         Report on Form 8-K, filed with the Commission on August 24, 2005.)

21       Subsidiaries of Registrant (Filed herewith.)

31       Certification  of  Chief   Executive  Officer and Principal
         Financial Officer Pursuant to Section 302 of the  Sarbanes-Oxley Act of
         2002, filed herewith.

32       Certification  of Chief  Executive  Officer and Principal Financial
         Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
         Section 906  of the  Sarbanes-Oxley Act of 2002, filed herewith.


ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES


(1) Audit Fee.


                  The aggregate fees billed by our previous accountant,  Amisano
                  Hansen,  Chartered  Accountants,   for  professional  services
                  rendered  for the audit of our  financial  statement  filed as
                  part of our Form  10-KSB  filing and for review of our interim
                  financial  statements filed as part of our Form 10-QSB filings
                  for our 2004  fiscal  year  $3,504.  For review of our interim
                  financial  statements  filed as a part of our first and second
                  quarter filings of our 2005 fiscal year, this firm's aggregate
                  fees were $3,200.


                  The aggregate fees billed by our current independent auditors,
                  Mason Russell West, LLC, for  professional  services  rendered
                  for the audit of our financial  statement filed as part of our
                  2005  Form  10-KSB  filing  and  for  review  of  our  interim
                  financial  statements  filed as part of our third quarter Form
                  10-QSB filing for the fiscal year of 2005 are $9,670.


(2) Audit-Related Fees.


                  There  have  been  no   audit-related   fees   billed  by  our
                  accountants in each of the last two fiscal years of our
                  Company.


                                       31

<PAGE>

(3) Tax Fees.


                  There have been no tax fees billed by our  accountants in each
of the last two fiscal years of our Company.


(4) All Other Fees.


                  There have been no other  fees  billed by our  accountants  in
each of the last two fiscal years of our Company.


(5) It is the policy of our board of directors that before the accountant is
engaged to render audit or non-audit services, the engagement is approved by the
Board of Directors that is at present acting as the Audit Committee.

(6) Not applicable.



                                   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.


         ZINGO, INC.


By:     /s/ Holly Roseberry
       ---------------------------------
       Holly Roseberry
       Chief Executive Officer and Principal Financial Officer

         Date: March 31, 2006



In  accordance  with the  Securities  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.


By:    /s/ Holly Roseberry
       -------------------
       Holly Roseberry
       President and C.E.O.
       (President, Chief Executive Officer
       Principal Financial Officer and Director)
       Date: March 31, 2006


By:    /s/ Mehboob Charania
       -------------------
       Mehboob Charania
       (Secretary and Director)
       Date: March 31, 2006


                                       32

<PAGE>

EXHIBIT INDEX

31      Certification of Chief Executive Officer and Principal Financial Officer
        Pursuant to Section 302 of the Sarbanes- Oxley Act of 2002.

32      Certification of Chief Executive Officer and Principal Financial Officer
        Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section  906
        of the Sarbanes-Oxley  Act  of 2002.



Exhibit 21

Subsidiary Name and Trade Name      Jurisdiction of Incorporation      % Owned
------------------------------      ------------------------------     -------

ZingoTel, Inc.                      Nevada                             69.56

==============================================================================