----

----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

----

**FORM      10-KSB/A**

| **x**  | **Annual                Report pursuant to Section 13 or 15(d) of the Securities and Exchange                Act                of 1934 for the Fiscal Year Ended April 30, 2007;                OR**                                                                                                                                                                                                                                 |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **o**  | **Transition                Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                934 for the Transition Period From****                    ****to****                    ** |

**Commission      file number 0-30499**

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**VISIONGATEWAY,      INC.**

| **Nevada**                                                                                    |   | **90-0015691**                                      |
|-----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation ororganization)                  |   | (I.R.S.                Employer Identification No.) |
|                                                                                          |   |                                                |
| **12707                High Bluff Drive, Suite 200,****San                Diego, California** |   | **92130**                                           |
| (Address                of principal executive offices)                                       |   | (Zip                Code)                           |

**      (858) 794-1416**

* *

----

----

----

**EXPLANATORY      NOTE **

**VISIONGATEWAY,      INC.**

**FORM      10-KSB**

**FOR      THE FINANCIAL YEAR ENDED APRIL 30, 2007**

**TABLE      OF CONTENTS**

| **Part I**             |    |                                                                                                                                                         |    |   |
|-----------------------------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|
|                        |         |                                                                                                                                                         |
| Item 1.                |    | Description                of Business                                                                                                                       |    | 4      |
| Item 2.                |    | Description                of Property                                                                                                                       |    | 9      |
| Item                3.      |    | Legal                Proceedings                                                                                                                             |    | 9      |
| Item                4.      |    | Submission                of Matters to a Vote of Security Holders                                                                                           |    | 9      |
|                        |         |                                                                                                                                                         |
| **Part                II**  |    |                                                                                                                                                         |    |   |
|                        |         |                                                                                                                                                         |
| Item                5.      |    | Market                for Common Equity, Related Stockholder Matters and Small Business                Issuer                Purchases of Equity Securities  |    | 9      |
| Item                6.      |    | Management’s                Discussion and Analysis or Plan of Operation                                                                               |    | 10     |
| Item                7.      |    | Accounts                                                                                                                                                     |    | 16     |
| Item                8.      |    | Changes                in and Disagreements with Accountants on Accounting and Financial                Disclosure                                           |    | 35     |
| Item 8A.               |    | Controls                and Procedures                                                                                                                       |    | 36     |
|                        |         |                                                                                                                                                         |
| **Part                III** |    |                                                                                                                                                         |    |   |
|                        |         |                                                                                                                                                         |
| Item                9.      |    | Directors,                Executive Officers, Promoters and Control Persons; Compliance with                Section                16(a) of the Exchange Act |    | 36     |
| Item                10.     |    | Executive                Compensation                                                                                                                        |    | 37     |
| Item                11.     |    | Security                Ownership of Certain Beneficial Owners and Management and Related                Stockholder Matters                                 |    | 39     |
| Item                12.     |    | Certain                Relationships and Related Transactions                                                                                                |    | 40     |
| Item                13.     |    | Exhibits                and Reports on Form 8-K                                                                                                              |    | 42     |
| Item                14.     |    | Principal                Accounting Fees and Services                                                                                                        |    | 43     |

----

**Forward-Looking      Statements **

----

**Part      I**

** **** **

**Item      1    Description of Business**

**       **

**Background      **

**Description      of Business **

| ·                  | Holistic                Internet Resource Management &Control |
|----------------------------------------|-------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·                  | Enhanced                security through special modules, including                VoIP |
|----------------------------------------|-----------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·                  | Secure                Mail & Secure Data Sharing |
|----------------------------------------|------------------------------------------------------|

|   |   |
|--------|--------|

| ·                  | Voice                over IP |
|----------------------------------------|------------------------------|

|   |   |
|--------|--------|

| ·                  | IP-based                e-Business, m-Commerce & Smart Card                Solutions |
|----------------------------------------|------------------------------------------------------------------------------------------|

| ·                  | integrated                encryption and digital rights management                system |
|----------------------------------------|------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·                  | advanced                TV Application Manager for IPTV and hybrid digital TV                solutions |
|----------------------------------------|--------------------------------------------------------------------------------------------------------|

----

|          ·  | Avnet                Partner Solutions distributorships for United Kingdom, North America,                and                Australia/New Zealand; |
|--------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | Avnet                Technology in UK for supply and support of the appliance systems                for                INTERScepter version 3; |
|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | American                Portwell Technology, subsidiary of the large listed Taiwanese company                Portwell Inc., who is supplying the appliance devices for INTERScepter                version 3 for Enterprise, SMB and Home/SOHO                clients; |
|--------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | QED                Storage, the Managed Services Provider for USA and EMEA with initial                sales                expected at over $2m for the next 18                months. |
|--------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**INTERScepter**
**TM**

**      INTERScepter **
***SmartParent***

|   | 1. | Managing                large amounts of information from the Internet while meeting their                corporate and government obligations. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2.     | Measuring                and managing the growing non-productive use of the Internet by staff                at                work, who use the Internet while at work for non-productive, personal                purposes. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                          |
|   | 3.     | Maintaining                secure and private internet access for staff, while reducing risk                and                liability relative to internet usage.                                                          |

*SmartParent*

|          ·     | Saturn                IQ - provided through an exclusive global licensing agreement - safe                and                secure email and document storage services available online and from                your                desktop using software and encryption                components; |
|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | Patriot                Techcorp - provision                of technology solutions to address compliance with the global legislation                issues pertaining to Anti-Money Laundering (AML), Anti-Terrorism,                the USA                PATRIOT Act, Office of Foreign Assets Control (OFAC), the Bank Secrecy                Act                (BSA), and other related domestic and foreign governmental regulatory                requirements. These applications, particularly the new Global Patriot                solution, provide unique opportunities in the Financial Services                market                place for visionGATEWAY and all its                solutions. |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Sales      and Marketing **

|          ·     | Improving                technical capabilities by using Linux as the core operating system                platform |
|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | Enhancing                scalability by providing a solution for the Home                market |
|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | Improving                installation flexibility by building a single system “appliance”                version |
|--------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------|

**INTERScepter      - The Internet Resource Management (IRM) Solution **

----

*Competition      *

**Sources      and availability of raw materials and the names of principal suppliers**

**Dependence      on one or a few customers **

**Patents,      trademarks, licenses, franchises, concessions, royalty agreements or labor      contracts, including duration **

----

**Government      approval **

**Effect      of existing or probable governmental regulations on the business**

**The      estimated amount of capital spent during each of the last two fiscal years      on      research and development activities.**

**Costs      and effects of compliance with environmental laws (federal state and local)      **

**Number      of employees and number of full time employees **

**Reports      to Security Holders **

----

**Item      2    Description of Property**

| visionGATEWAY’s                Australian office is: |   | The                U.S. office is as follows: |
|------------------------------------------------------------|--------|-----------------------------------------------|
|                                                       |   |
| Brisbane                Office:                            |   | San                Diego Office:              |
| Level                1                                     |   | 12707                High Bluff Drive         |
| 132                Racecourse Road                         |   | Suite                200                      |
| Ascot,                Queensland 4007                      |   | San                Diego, California 92130    |

  

**Item      3    Legal Proceedings**

  

**Item      4    Submission of Matters to a Vote of Securities Holders**

  

**Part      II**

  

**Item      5     Market for Common Equity, Related Stockholder Matters      and Small Business Issuer Purchases of Equity Securities**

  

----

|                               |   |   | High   |   |   | Low    |   |
|-------------------------------|--------|--------|--------|--------|--------|--------|--------|
| Fiscal                2007    |   |   |   |   |   |   |   |
| First                Quarter  |   | $      | 0.70   |   | $      | 0.41   |   |
| Second                Quarter |   |   | 0.58   |   |   | 0.15   |   |
| Third                Quarter  |   |   | 0.25   |   |   | 0.17   |   |
| Fourth                Quarter |   |   | 0.50   |   |   | 0.20   |   |
|                          |   |   |   |   |   |   |   |
| Fiscal                2006    |   |   |        |   |   |        |   |
| First                Quarter  |   | $      | 1.45   |   | $      | 0.85   |   |
| Second                Quarter |   |   | 0.85   |   |   | 0.30   |   |
| Third                Quarter  |   |   | 0.79   |   |   | 0.21   |   |
| Fourth                Quarter |   |   | 0.60   |   |   | 0.52   |   |

** **

  

**Item      6    Management’s Discussion and Analysis or Plan of      Operation**

----

**Plan      of Operation **

**Synopsis      of Business Strategy and Status**

***INTERScepter***

|          ·     | The                Company has released the new “**appliance**”                version of INTERScepter for enterprise and SMB markets. Significant                **enhancements                to INTERScepter version 3**have                been made from both a technical and user interface                perspective; |
|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | version                3 is being implemented at **Moreton                TAFE College in Queensland**                -                long standing client of visionGATEWAY - Unisys who manage their networks                is looking to expand the implementation of INTERScepter to other                TAFE                locations by the end of 2007 for one hundred thousand student users;                this                would equate to sale value over $800,000 per year when fully operational; |
|--------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | other                installations are arranged for new client sites in Australia, as                well as                in UK and USA; |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | **appliance                hardware arrangements**                have been made for supply of fully specified appliance devices from                Portwell of Taiwan and USA through distributors in Australia, USA                and UK -                Avnet - and their channel partners. Different appliance models are                available for Enterprise and SMB level businesses at competitive                price                points; |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | shipments                of these appliances began July within Australia, as well as to USA                and                UK; |
|--------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | following                on from the “solution on a chip” box version of **INTERScepter                for Home**                and SOHO (Small Office Home Office) markets, the Company is to begin                during its second fiscal quarter Community                trials of “The ***Smart                Parent***                for the Smart Home” providing full INTERScepter Home/SOHO                capability; |
|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Global      Distribution & Sales Network***

|          ·     | during                the year, the Company gained a **specialist                Strategic Advisor**                in                Tom Kielty of the USA who brings a strong technology background as                well as                a significant personal network into the Financial Services and                Pharmaceutical industries - introductions have already been made                to some                of the largest global banks, to a number of sales channels, as well                to                funding sources; |
|--------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | the                potential that has evolved from the organizations the Company has                already                had discussions and live demonstrations with is for ***200,000                work stations***                over the next 12 months; |
|--------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | the                Company now has **regional                sales management**                established for Australia, USA and                UK; |
|--------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | the                Company has **expanded                market coverage to UK and South Africa**                as                part of our Global Distribution                Network; |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | **an                online stealth marketing program**                is                underway to achieve a rapid uptake and understanding of the benefits                INTERScepter v3.0 delivers to the Company’s                customers; |
|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Partnerships,      Acquisitions & New Products***

|          ·     | the                Company intends to gain clients and sales plus new products/services                through **acquisitions**; |
|--------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | the                Company has added additional **synergistic                products**                in                e-commerce and point of sale payment solutions, secure mail and secure                data sharing, internet security, encryption technologies and                VoIP; |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|          ·     | the                exclusive licensing of **Saturn                IQ’s**                IP                and technology from the UK will bring a portfolio of revenue generating                clients. It is predicted that the immediate sales opportunities can                be                converted to revenue of an estimated $1,000,000 over the first nine                months                of the arrangement being                implemented. |
|--------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**Funding      **

|                         |          ·     | Building                distribution and reseller networks and validating product acceptance                in                USA, UK, Australia and New Zealand;                                                                      |
|------------------------------|--------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |                                                                                 |                                                                                                                                                                                                                                   |
|                         |          ·     | Finding                and evaluating synergistic 3rd                party products to bring to the distribution mix;                                                                                                                  |
|                         |                                                                                 |                                                                                                                                                                                                                                   |
|                         |          ·     | Development                of INTERScepter version 3 with significant enhancements in functionality                and a new underlying platform in Linux for the iGateway component                of the                product; and |
|                         |                                                                                 |                                                                                                                                                                                                                                   |
|                    |          ·     | Development                of INTERScepter version to address the Home and SOHO markets.                                                                                                                                               |
|                         |                                                                                 |                                                                                                                                                                                                                                   |
|                    |          ·     | Development                of INTERScepter “appliance” capability.                                                                                                                                                         |

| ·     | Initial                funding requirement has been increased to US$10 million - additional                requirement would be due to growth requirements in existing markets                with                the new and enhanced products(particularly the *SmartParent*),                and the initial needs of proposed acquired                companies. |
|--------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·     | Additional                tranches of funding to total $20m in 2008 to be accelerated after                initial                acquisitions are completed to facilitate additional growth in new                markets                (particularly China, Japan and Korea), a move to a main board listing,                and                additional acquisitions. |
|--------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Target      Acquisitions**

----

**Research      & Development **

*platform      *

| ·     |  | Whole                of network traffic monitoring, analysis and performance improvement                tools; |
|--------------------------------|--|----------------------------------------------------------------------------------------------------------------|

| ·     |  | Internet                Protection and Security tools; |
|--------------------------------|--|--------------------------------------------------------|

| ·     |  | Secure                Mail & Secure Data Sharing (IQ Confidential); |
|--------------------------------|--|-------------------------------------------------------------------------|

| ·     |  | Integrated                encryption and digital rights management system; |
|--------------------------------|--|----------------------------------------------------------------------------|

| ·     |  | IP-based                e-Business, M-Commerce and smart card solutions (SmartCity); |
|--------------------------------|--|--------------------------------------------------------------------------------------|

| ·     |   | Facilities                to monitor, control and charge Internet traffic over mobile telephony                (including PDA’s with phones); |
|--------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| ·     |  | Facilities                to monitor, control and charge VOIP traffic (an INTERScepterTM                VoIP                Control module is now available); |
|--------------------------------|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·     |  | Specialist                security and content review modules as “plug-ins”; and |
|--------------------------------|--|----------------------------------------------------------------------------------------------|

| ·     |  | Process                improvement tools e.g. video conferencing. |
|--------------------------------|--|-------------------------------------------------------------------|

|                        ·     | Secure                VoIP - enable new telephony to be secure from threats                ! |
|------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|                        ·     | IP-based                Digital e-Business & m-Commerce - secure / track /                measure |
|------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|                        ·     | iNTERNET                TRACKER - INTERScepter plus Billing Solution for Higher Education                market |
|------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|                        ·     | Internet                based security camera control solution - important for additional                physical                security at key government and corporate                locations |
|------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                        ·     | Core                components |
|------------------------------------------------------------------------------------------|--------------------------------|

|   |   |
|--------|--------|

| ·   | Linux                operating system |
|--------------------|---------------------------------------|

|   |   |
|--------|--------|

| ·   | Database                systems - MS, IBM, Oracle, etc |
|--------------------|--------------------------------------------------------|

----

|   |   |
|--------|--------|

| ·   | Client                workstations - MS, Linux/Novell,                Apple |
|--------------------|-----------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·   | User                Authentication - MS, Novell, etc |
|--------------------|------------------------------------------------------|

|   |   |
|--------|--------|

|                        ·     | Hardware/Networking |
|------------------------------------------------------------------------------------------|---------------------|

|   |   |
|--------|--------|

| ·   | Server                Appliances - IBM, Intel, HP, Tyan |
|--------------------|---------------------------------------------------------|

|   |   |
|--------|--------|

| ·   | Wi-Fi                - various technology and solution                providers |
|--------------------|---------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|                        ·     | Specialist                devices |
|------------------------------------------------------------------------------------------|-----------------------------------|

|   |   |
|--------|--------|

| ·   | IP                based video conferencing |
|--------------------|--------------------------------------------|

|   |   |
|--------|--------|

| ·   | IP                based Security cameras |
|--------------------|------------------------------------------|

|   |   |
|--------|--------|

| ·   | Voice                Over IP (VOIP) |
|--------------------|-------------------------------------|

|   |   |
|--------|--------|

|                        ·     | Specialist                software plug-ins |
|------------------------------------------------------------------------------------------|---------------------------------------------|

|   |   |
|--------|--------|

| ·   | Filters |
|--------------------|---------|

|   |   |
|--------|--------|

| ·   | Whole                of network bandwidth management |
|--------------------|------------------------------------------------------|

|   |   |
|--------|--------|

| ·   | Spam                management |
|--------------------|--------------------------------|

|   |   |
|--------|--------|

| ·   | E-mail                content checking |
|--------------------|----------------------------------------|

|   |   |
|--------|--------|

| ·   | IM                content checking |
|--------------------|------------------------------------|

|   |   |
|--------|--------|

|                        ·     | Telcos                and ISP’s - differentiate data lines with management                tool |
|------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|

**New      Solutions - INTERScepter@Home - Prototype Overview**

*SmartParent,*
*SmartParent*

***Features      / Functionality***

***Key      Points***

| ·    | Using                INTERScepter@Home provides the information required to verify ISP                usages                charges. |
|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·    | INTERScepter@Home                on a wireless router / gateway protects unsecured wireless networks                by not                allowing new computers to access the internet. It will also identify                foreign computers using the unsecured wireless                network. |
|--------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·    | INTERScepter@Home                is available on ADSL/Cable modems for new broadband users and on                Wired/Wireless routers for existing broadband                users. |
|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·    | INTERScepter@Home                is based on the NG/Linux platform and supports a wide variety of                platforms                including (but not limited to) PowerPC, ARM, MIPS and Intel                CPU’s. |
|--------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**iSmartParent      - “The SmartParent for the Smart Home”**

**      INTERScepter **
***SmartParent***

----

**Distribution,      Marketing & Sales**

| ·**  ** | **Current                Situation** |
|------------------------|--------------------------------------|

| ·   | industry                specialization - the Company will bring in industry specialists to                drive                sales and market opportunities for its solutions in specific target                sectors |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

| ·   | solution                specialization - the Company will bring on board sales/technical                specialists for each of its solutions to work with the                industry specialists and the channels in their sales and ongoing                support                of the client base. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·**  ** | **Avnet                Partner Solutions and                visionGATEWAY** |
|------------------------|-----------------------------------------------------------------------------|

| ·**  ** | **Australian                Market Place - early v3                implementations** |
|------------------------|--------------------------------------------------------------------------------------|

----

| ·**  ** | **United                Kingdom Opportunities** |
|------------------------|-------------------------------------------------|

  

**Item      7    Accounts**

----

**visionGATEWAY,      Inc.**

**Audited      Financial Statements at April 30, 2007**

----

**Report      of Independent Registered Public Accounting Firm**

|  **Gruber                & Company LLC**                   Lake Saint Louis, Missouri |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                          |

**Report        of Independent Registered Public Accounting Firm**

|  **Gruber                  & Company LLC**                     Lake Saint Louis, Missouri     |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |

----

**Report        of Independent Registered Public Accounting Firm**

*Mantyla*
* *

----

| **visionGATEWAY, Inc.**                                                   |   |   |   |   |   |
|--------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| **Including                    the accounts of its wholly owned subsidiaries** |   |   |   |   |   |
| [A                    Development Stage Company]                               |   |   |   |   |   |
| **Consolidated                    Balance Sheet**                              |   |   |   |   |   |
| **As                    at April 30, 2007 and 2006**                           |   |   |   |   |   |

|                                                                                                         |   | **April                      30, 2007** |           | **April                      30, 2006** |   |
|--------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|----------------|-----------------------------------------|--------|
|                                                                                                         |   |                                    |           |                                    |   |
| **ASSETS**                                                                                                   |   |                                    |           |                                    |   |
|                                                                                                         |   |                                    |           |                                    |   |
| Assets                                                                                                       |   |                                    |           |                                    |   |
| Current                      Assets                                                                          |   |                                    |           |                                    |   |
| Cash                                                                                                         |   | $                                       | 63,281         |                                    | $      | 3,412 |   |
| Deposits                                                                                                     |   |                                    | 125,040        |                                    |   | 0 |   |
| Provision                      for R&D Rebate                                                            |   |                                    | 0              |                                    |   | 0 |   |
| Loans                      to third parties                                                                  |   |                                    | 88,279         |                                    |   | 0 |   |
| Total                      current assets                                                                    |   |                                    | 276,600        |                                    |   | 3,412 |   |
| Equipment                      & Property (net)                                                          |   |                                    | 12,910         |                                    |   | 13,734 |   |
| **Total                      Assets**                                                                        |   | **$**                                   | **289,510**    |                                    | **$**  | **17,146** |   |
|                                                                                                         |   |                                    |           |                                    |   |   |   |
| **LIABILITIES                      AND STOCKHOLDERS’ DEFICIT**                                         |   |                                    |           |                                    |   |   |   |
| Liabilities:                                                                                                 |   |                                    |                |                                    |   |   |   |
| Current                      Liabilities:                                                                    |   |                                    |           |                                    |   |   |   |
| Accounts                      payable                                                                        |   | $                                       | 379,201        |                                    | $      | 228,476 |   |
| Deferred                      Management Salaries & Expenses                                             |   |                                    | 939,596        |                                    |   | 922,769 |   |
| Accrued                      liabilities                                                                     |   |                                    | 473,998        |                                    |   | 330,995 |   |
| Bank                      Overdraft                                                                          |   |                                    | 0              |                                    |   | 3,556 |   |
| Short                      Term Note Payable                                                                 |   |                                    | 496,467        |                                    |   | 0 |   |
| Related                      party payable                                                                   |   |                                    | 2,067,334      |                                    |   | 1,595,398 |   |
| **Total                      Liabilities**                                                                   |   | **$**                                   | **4,356,596**  |                                    | **$**  | **3,081,194** |   |
|                                                                                                         |   |                                    |           |                                    |   |   |   |
| **Stockholders’                      Deficit:**                                                        |   |                                    |                |                                    |   |   |   |
| Preferred                      Stock - 10,000,000 shares authorized,                                         |   |                                    |           |                                    |   |   |   |
| $.10                      par value per share, Nil outstanding                                               |   |                                    | 0              |                                    |   | 0 |   |
| Capital                      Stock - 75,000,000 shares authorized having a                                   |   |                                    |           |                                    |   |   |   |
| par                      value of $.004 per share; 50,406,393 shares issued                                  |   |                                    |           |                                    |   |   |   |
| and                      outstanding at April 30, 2007 and 42,963,753 at April 30,                      2006 |   |                                    | 201,626        |                                    |   | 171,855 |   |
| Additional                      paid-in capital                                                              |   |                                    | 3,480,258      |                                    |   | 1,701,528 |   |
| Deficit                      accumulated during the development stage                                        |   |                                    | -7,725,323     |                                    |   | -4,928,917 |   |
| Accumulated                      foreign currency translation adjustment                                     |   |                                    | -23,647        |                                    |   | -8,514 |   |
| **Total                      Stockholders’ Deficit**                                                   |   |                                    | **-4,067,086** |                                    |   | **-3,064,048** |   |
| **Total                      Liabilities and Stockholders’ Deficit**                                   |   | $                                       | 289,510        |                                    |   | **17,146** |   |

----

| **visionGATEWAY,                  Inc.**                                                              |   |   |   |   |   |   |
|-------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| **Including                  the accounts of its wholly owned subsidiaries**                          |   |   |   |   |   |   |
| [A                  Development Stage Company]                                                        |   |   |   |   |   |   |
| **Consolidated                  Statements of Operations**                                            |   |   |   |   |   |   |
| For                  the Years Ended April 30, 2007 & 2006, and for the                           |   |   |   |   |   |   |
| Period                  from Reactivation [November 30, 2001] through April 30,                  2007 |   |   |   |   |   |   |

|                                                     |   | Year                  ended |        | Year                  ended |   | Reactivation                    |   |
|----------------------------------------------------------|--------|-----------------------------|-------------|-----------------------------|--------|---------------------------------|--------|
|                                                     |   | April                  30   |        | April                  30   |   | through                         |   |
|                                                     |   | 2007                        |        | 2006                        |   | April                  30, 2007 |   |
|                                                     |   |                        |        |                        |   |                            |   |
| Revenues                                                 |   | $                           | 1,950       |                        | $      | 0                               |   | $ | 55,356 |   |
|                                                     |   |                        |        |                        |   |                            |   |   |   |   |
| Research                  & development              |   |                        | 391,413     |                        |   | 240,277                         |   |   | 1,335,103 |   |
| General                  & administrative expenses   |   |                        | 1,818,034   |                        |   | 1,009,984                       |   |   | 6,445,576 |   |
|                                                     |   |                        |        |                        |   |                            |   |   |   |   |
| Operating                  loss                          |   |                        | -2,207,497  |                        |   | -1,250,261                      |   |   | -7,725,323 |   |
|                                                     |   |                        |             |                        |   |                                 |   |   |  |   |
| Net                  Loss Before Income Taxes            |   |                        | -2,207,497  |                        |   | -1,                  250,261    |   |   | -7,725,323 |   |
|                                                     |   |                        |        |                        |   |                            |   |   |   |   |
| Current                  Year Provision for Income Taxes |   |                        | 0           |                        |   | 0                               |   |   | 0 |   |
|                                                     |   |                        |        |                        |   |                            |   |   |   |   |
| Net                  Loss                                |   |                        | -$2,207,497 |                        |   | -$1,250,261                     |   |   | -$7,725,323 |   |
| Other                  Comprehensive Income              |   |                        |        |                        |   |                            |   |   |   |   |
| Unrealized                  gain(loss) on foreign        |   |                        |        |                        |   |                            |   |   |   |   |
| Currency                  translation (net of tax)       |   |                        | -15,131     |                        |   | 8,384                           |   |   | -23,646 |   |
|                                                     |   |                        | -$2,222,628 |                        |   | -$1,241,877                     |   |   | -7,748,969 |   |
| Loss                  Per Share - basic and diluted      |   |                        | -$0.05      |                        |   | -$0.03                          |   |   | -$0.21 |   |
|                                                     |   |                        |        |                        |   |                            |   |   |   |   |
|                                                     |   |                        |        |                        |   |                            |   |   |   |   |
| Weighted                  Average Shares Outstanding     |   |                        | 43,457,239  |                        |   | 42,370,800                      |   |   | 37,422,788 |   |

----

| **visionGATEWAY,                  Inc.**                                                                                      |   |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| [A                  Development Stage Company]                                                                                |   |   |   |   |   |
| **Consolidated                  Statements of Cash Flows**                                                                    |   |   |   |   |   |
| For                  the twelve months Ended April 30, 2007 & 2006, and for the Period from                  Reactivation |   |   |   |   |   |
| [November                  30, 2001] through April 30, 2007                                                                   |   |   |   |   |   |

|                                                                                                                |   | 12                  Months      |        | 12                  Months      |   | Reactivation                    |   |
|---------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-------------|---------------------------------|--------|---------------------------------|--------|
|                                                                                                                |   | Ended                           |        | Ended                           |   | through                         |   |
|                                                                                                                |   | April                  30, 2007 |        | April                  30, 2006 |   | April                  30, 2007 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |
| Cash                  Flows from Operating Activities                                                               |   |                            |        |                            |   |                            |   |
| Net                  Loss                                                                                           |   |                            | -$2,207,497 |                            |   | -$1,250,261                     |   |   | -7,725,323 |   |
| Adjustments                  to reconcile net income to net cash provided by operating                  activities: |   |                            |        |                            |   |                            |   |   |   |   |
| Depreciation                  and amortization                                                                      |   |                            | 11,928      |                            |   | 10,642                          |   |   | 61,739 |   |
| Stock                  issued for services                                                                          |   |                            | 92,500      |                            |   | 398,574                         |   |   | 862,074 |   |
| Stock                  based compensation                                                                           |   |                            | 501,000     |                            |   | 20,600                          |   |   | 639,600 |   |
| Change                  in current assets                                                                           |   |                            | -213,319    |                            |   | 4,261                           |   |   | -213,320 |   |
| Increase                  in current liabilities                                                                    |   |                            | -281,912    |                            |   | 381,060                         |   |   | 2,034,074 |   |
| Net                  Cash Used for Operating Activities                                                             |   |                            | -2,097,300  |                            |   | -435,124                        |   |   | -4,341,156 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Cash                  Flows from Investing Activities                                                               |   |                            |        |                            |   |                            |   |   |   |   |
| Purchase                  of property                                                                               |   |                            | -11,104     |                            |   | -2,941                          |   |   | -72,680 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Cash                  Flows from Financing Activities                                                               |   |                            |        |                            |   |                            |   |   |   |   |
| Proceeds                  from borrowing                                                                            |   |                            | 968,404     |                            |   | 432,950                         |   |   | 2,565,607 |   |
| Additional                  paid in Capital                                                                         |   |                            | 1,215,000   |                            |   | 0                               |   |   | 1,935,156 |   |
| Net                  Cash Provided by Financing Activities                                                          |   |                            | 2,183,404   |                            |   | 432,950                         |   |   | 4,500,763 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Effect                  Of Exchange Rate on cash and cash Equivalents                                               |   |                            | -15,131     |                            |   | 8,384                           |   |   | -23,646 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Net                  Increase/(Decrease) in Cash                                                                    |   |                            | 59,869      |                            |   | 3,269                           |   |   | 63,281 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Beginning                  Cash Balance                                                                             |   |                            | 3,412       |                            |   | 143                             |   |   | 0 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Ending                  Cash Balance                                                                                |   | $                               | 63,281      |                            | $      | 3,412                           |   | $ | 63,281 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Supplemental                  Disclosure of Cash Flow Information:                                                  |   |                            |        |                            |   |                            |   |   |   |   |
| Cash                  paid during the period for interest                                                           |   |                            | 9,776       |                            |   | 12,160                          |   |   | 35,219 |   |
| Cash                  paid during the period for income taxes                                                       |   |                            | 0           |                            |   | 0                               |   |   | 0 |   |
|                                                                                                                |   |                            |        |                            |   |                            |   |   |   |   |
| Supplemental                  Disclosure of Non-Cash Financing Activities:                                          |   |                            |        |                            |   |                            |   |   |   |   |
| Stock                  issued to relinquish debt                                                                    |   |                            | 1,120,000   |                            |   | 0                               |   |   | 1,364,486 |   |

----

| **visionGATEWAY,                  Inc.**                                                                                                              |   |   |   |   |   |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
| **Including                  the accounts of its wholly owned subsidiaries**                                                                          |   |   |   |   |   |   |   |   |
| [A                  Development Stage Company]                                                                                                        |   |   |   |   |   |   |   |   |
| Consolidated                  Statements of Stockholders' Deficit                                                                                     |   |   |   |   |   |   |   |   |
| For                  the Period Ended April 30, 2007 and for the Period from Reactivation                  [November 30, 2001] through April 30, 2007 |   |   |   |   |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |

|                                                                                                                    |   | Preferred                  Shares |       | Preferred                  Stock |   | Common                  Shares |   | Common                  Stock |       | Additional                  Paid-in Capital |   | Accumulated                  Deficit |   | Accum.Foreign                  Currency Adjustment |      | Net                  Stockholders’ Deficit |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|------------|----------------------------------|--------|--------------------------------|--------|-------------------------------|------------|---------------------------------------------|--------|--------------------------------------|--------|----------------------------------------------------|-----------|--------------------------------------------------|--------|
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |
| Balance,                  November 30, 2001                                                                             |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |
| (date                  of Reactivation)                                                                                 |   |                              | 0          |                             | $      | 0                              |   |                          | 20,000,000 |                                        | $      | 20,000                               |   |                                               | -$20,000  |                                             | $      | 0 |   | $ | 0 |   | $ | 0 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Recapitalization                  pursuant to merger with Chiropractic 21 International, Inc.                  3/4/2004 |   |                              |       |                             |   | 1,777,718                      |   |                          | 115,232    |                                        |   | -45,141                              |   |                                               |      |                                             |   |   |   |   | 70,091 |   |   |   |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Shares                  issued with acquisition of two subsidiaries                                                     |   |                              |       |                             |   |                           |   |                          | 2,600,000  |                                        |   | 2,600                                |   |                                               | 1,782     |                                             |   | -125,208 |   |   |   |   |   | -120,826 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Issued                  shares for cash and services                                                                    |   |                              |       |                             |   |                           |   |                          | 5,625,000  |                                        |   | 5,625                                |   |                                               | 50,625    |                                             |   |   |   |   |   |   |   | 56,250 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Net                  loss for the period ended April 30, 2002                                                           |   |                              |            |                             |   |                                |   |                          |            |                                        |   |                                      |   |                                               |           |                                             |   | -223,779 |   |   | -15,658 |   |   | -239,437 |   |
| Balance,                  April 30, 2002                                                                                |   |                              | 0          |                             |   | 0                              |   |                          | 30,002,718 |                                        |   | 143,457                              |   |                                               | -12,734   |                                             |   | -348,987 |   |   | -15,658 |   |   | -233,922 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash and services                                                                    |   |                              |       |                             |   |                           |   |                          | 1,000,000  |                                        |   | 1,000                                |   |                                               | 79,000    |                                             |   |   |   |   |   |   |   | 80,000 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |           |                                             |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year ended April 30, 2003                                                             |   |                              |            |                             |   |                                |   |                          |            |                                        |   |                                      |   |                                               |           |                                             |   | -295,261 |   |   | -25,855 |   |   | -321,116 |   |
| Balance,                  April 30, 2003                                                                                |   |                              | 0          |                             |   | 0                              |   |                          | 31,002,718 |                                        |   | 144,457                              |   |                                               | 66,266    |                                             |   | -644,248 |   |   | -41,513 |   |   | -475,038 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash and services                                                                    |   |                              |       |                             |   |                           |   |                          | 6,815,500  |                                        |   | 6,816                                |   |                                               | 503,184   |                                             |   |   |   |   |   |   |   | 510,000 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Issued                  preferred shares for services at par                                                            |   |                              | 2,000,000  |                             |   | 200,000                        |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   | 200,000 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |            |                                        |   |                                 |   |                                               |           |                                             |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year ended April 30, 2004                                                             |   |                              |            |                             |   |                                |   |                          |            |                                        |   |                                      |   |                                               |           |                                             |   | -1,181,050 |   |   | 40,666 |   |   | -1,140,384 |   |
| Balance,                  April 30, 2004                                                                                |   |                              | 2,000,000  |                             | $      | 200,000                        |   |                          | 37,818,218 |                                        | $      | 151,273                              |   | $                                                  | 569,450   |                                             |   | -$1,825,298 |   |   | -$847 |   |   | -$905,422 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Preferred                  shares converted to common shares at par                                                     |   |                              | -2,000,000 |                             |   | -200,000                       |   |                          | 2,000,000  |                                        |   | 8,000                                |   |                                               | 192,000   |                                             |   |   |   |   |   |   |   | 0 |   |
| Shares                  issued for cash and services                                                                    |   |                              |       |                             |   |                           |   |                          | 2,450,000  |                                        |   | 9,800                                |   |                                               | 405,686   |                                             |   |   |   |   |   |   |   | 415,486 |   |
| Stock                  based compensation                                                                               |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               | 118,000   |                                             |   |   |   |   |   |   |   | 118,000 |   |
| Net                  loss for the year ended April 30, 2005                                                             |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   | -1,853,358 |   |   | -16,052 |   |   | -1,869,410 |   |
| Balance,                  April 30, 2005                                                                                |   |                              | 0          |                             | $      | 0                              |   |                          | 42,268,218 |                                        | $      | 169,073                              |   | $                                                  | 1,285,136 |                                             |   | -$3,678,656 |   |   | -$16,899 |   |   | -$2,241,346 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash and services                                                                    |   |                              |       |                             |   |                           |   |                          | 695,535    |                                        |   | 2,782                                |   |                                               | 395,792   |                                             |   |   |   |   |   |   |   | 398,574 |   |
| Stock                  based compensation                                                                               |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               | 20,600    |                                             |   |   |   |   |   |   |   | 20,600 |   |
| Net                  loss for the year ended April 30, 2006                                                             |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   | -1,250,261 |   |   | 8,384 |   |   | -1,241,877 |   |
| Balance,                  April 30, 2006                                                                                |   |                              | 0          |                             | $      | 0                              |   |                          | 42,963,753 |                                        | $      | 171,855                              |   | $                                                  | 1,701,528 |                                             |   | -$4,928,917 |   |   | -$8,515 |   |   | -$3,064,049 |   |
|                                                                                                                    |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   |   |   |   |   |   |   |   |   |
| Shares                  issued for cash and services                                                                    |   |                              |       |                             |   |                           |   |                          | 5,442,640  |                                        |   | 21,771                               |   |                                               | 965,730   |                                             |   |   |   |   |   |   |   | 987,501 |   |
| Stock                  based compensation                                                                               |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               | 501,000   |                                             |   |   |   |   |   |   |   | 501,000 |   |
| Stock                  issued to relinquish debt                                                                        |   |                              |       |                             |   |                           |   |                          | 2,000,000  |                                        |   | 8,000                                |   |                                               | 312,000   |                                             |   |   |   |   |   |   |   | 320,000 |   |
| Net                  loss for the year ended April 30, 2007                                                             |   |                              |       |                             |   |                           |   |                          |       |                                        |   |                                 |   |                                               |      |                                             |   | -2,796,406 |   |   | -15,133 |   |   | -2,811,539 |   |
| Balance,                  April 30, 2007                                                                                |   |                              | 0          |                             | $      | 0                              |   |                          | 50,406,393 |                                        | $      | 201,626                              |   | $                                                  | 3,480,258 |                                             |   | -$7,725,323 |   |   | -$23,648 |   |   | -$4,067,087 |   |

----

**visionGATEWAY,      Inc.**

**Notes      to Condensed Consolidated Financial Statements**

**April      30, 2007**

*Accounting      for Income Taxes*

----

|                                                           |   | Three                  MonthsEnded                  April 30, 2006 |       | Twelve                  MonthsEnded                  April 30, 2006 |   |
|----------------------------------------------------------------|--------|--------------------------------------------------------------------|------------|---------------------------------------------------------------------|--------|
| Net                  loss, as reported                         |   | $                                                                  | (596,397   | )                                                                   | $      | (1,250,261 | ) |
|                                                           |   |                                                               |       |                                                                |   |   |   |
| Compensation                  cost under fair value- based     |   |                                                               | (123,250   | )                                                                   |   | (482,040 | ) |
| accounting                  method, net of tax                 |   |                                                               |       |                                                                |   |   |   |
|                                                           |   |                                                               |       |                                                                |   |   |   |
| Net                  loss, pro forma                           |   |                                                               | (719,647   | )                                                                   |   | (1,732,301 | ) |
|                                                           |   |                                                               |       |                                                                |   |   |   |
| Net                  loss per common share - Basis and Diluted |   |                                                               |       |                                                                |   |   |   |
| As                  reported                                   |   | $                                                                  | (0.01      | )                                                                   | $      | (0.03 | ) |
| Pro                  forma                                     |   | $                                                                  | (0.01      | )                                                                   | $      | (0.04 | ) |
| Weighted                  average shares                       |   |                                                               | 42,514,957 |                                                                |   | 42,370,800 |   |

|                                 |   | **2006** |   |
|--------------------------------------|--------|----------|--------|
| Expected                life (years) |   |     | 10     |   |
| Interest                rate         |   |     | 3.0    | % |
| Volatility                           |   |     | 100    | % |
| Dividend                yield        |   |     | 0      | % |

----

*Foreign      Currency Translation*

***Recently      Issued Financial Accounting Standards***

----

----

**NOTE      3 **
**ACQUISITIONS**

----

| Description                               |   | NOL                Balance |      | Tax    |   | Rate       |   |
|-------------------------------------------|--------|----------------------------|-----------|--------|--------|------------|--------|
| Federal                Income Tax         |   | $                          | 7,725,323 |   |   | 2,626,610  |   |   | 34 | % |
| Valuation                allowance        |   |                       |      |   |   | (2,626,610 | )      |   |   |   |
| Deferred                tax asset 4/30/07 |   |                       |      |   | $      | 0          |   |   |   |   |

----

| #                Shares |   | Issued                to:            |   | Issued                for:                                                                                                                                                          |
|-------------------------|--------|--------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 55,140                  |   | Outside                Professionals |   | Investor                Relations & Marketing Services. Compensation expense amount of                $37,500. Shares calculated at price                of US$0.68 per share.  |
|                    |   |                                 |   |                                                                                                                                                                                |
| 57,500                  |   | Outside                Professionals |   | Investor                Relations & Marketing Services. Compensation expense amount of                $25,000. Shares calculated at price                of US$0.435 per share. |
|                    |   |                                 |   |                                                                                                                                                                                |
| 50,000                  |   | Outside                Professionals |   | Investor                Relations & Marketing Services. Compensation expense amount of                $30,000. Shares calculated at price                of US$0.60 per share.  |
|                    |   |                                 |   |                                                                                                                                                                                |
| 162,640                 |   | Total                                |   |                                                                                                                                                                                |

| #                Shares |   | Issued                to:                  |   | Issued                for:                                                                                                                                                                                                                                                          |
|-------------------------|--------|--------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5,000,000               |   | Company                officer/shareholder |   | Capitalization                of accrued interest on shareholder loans from 2002 to January 31,                2007                amounting to $800,000. Shares calculated at average                price of US$0.16 per share.                                                   |
|                    |   |                                       |   |                                                                                                                                                                                                                                                                                |
| 2,000,000               |   | Company                officer/shareholder |   | Capitalization                of outstanding amounts under creditors ($299,075) and part of shareholder                loans ($20,925) as at January 31, 2007 amounting to a total $320,000.                Shares calculated at average                price of US$0.16 per share. |
|                    |   |                                       |   |                                                                                                                                                                                                                                                                                |
| 280,000                 |   | Outside                Investor            |   | Direct                Investment of $95,000. Shares calculated at price                of US$0.3393 per share.                                                                                                                                                                      |
|                    |   |                                       |   |                                                                                                                                                                                                                                                                                |
| 7,280,000               |   | Total                                      |   |                                                                                                                                                                                                                                                                                |

----

| Location                     |   | Square                Feet |                        | Annual                Payments |   | Other                terms |   |
|------------------------------|--------|----------------------------|-----------------------------|--------------------------------|--------|----------------------------|--------|
| Brisbane                     |   |                       | 3,337                       |                           | $      | 60,480                     |   |   | Through                February 2008 |   |
| San                Diego, CA |   |                       | Shared                space |                           |   | 2,700                      |   |   | Renewable                quarterly |   |
|                         |   |                       |                        |                           | $      | 63,180                     |   |   |   |   |

| 2008                    |   | 2009   |   | 2010   |   | 2011 |   | 2012   |   |
|-------------------------|--------|--------|--------|--------|--------|------|--------|--------|--------|
| $                50,400 |   |   | -      |   |   | -    |   |   | -      |   |   | - |   |

| **Director**                |   | **Date                Granted** |                       | **No.                of Options** |   | **Exercise                Price** |   | **Mkt                Price on Grant Date** |   | **Compensation****Expense** |   | **Date                Appointed as Director** |   |
|-----------------------------|--------|---------------------------------|----------------------------|-----------------------------------|--------|-----------------------------------|--------|--------------------------------------------|--------|-----------------------------|--------|-----------------------------------------------|--------|
| T.                Tappenden |   |                            | 1                Sep 2004  |                              |   | 20,000                            |   | $                                          | 0.05   |                        | $      | 3.00                                          |   | $ | 59,000 |   |   | 9                May 2003 |   |
| T.                Tappenden |   |                            | 1                Mar 2005  |                              |   | 20,000                            |   | $                                          | 0.05   |                        | $      | 3.00                                          |   | $ | 59,000 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Sep 2005  |                              |   | 20,000                            |   | $                                          | 0.05   |                        | $      | 0.55                                          |   | $ | 10,000 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Mar 2006  |                              |   | 20,000                            |   | $                                          | 0.05   |                        | $      | 0.58                                          |   | $ | 10,600 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Sep 2006  |                              |   | 20,000                            |   | $                                          | 0.05   |                        | $      | 0.25                                          |   | $ | 4,000 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Mar 2007  |                              |   | 20,000                            |   | $                                          | 0.05   |                        | $      | 0.25                                          |   | $ | 4,000 |   |   |   |   |
|                        |   |                            |                       |                              |   |                              |   |                                       |   |                        |   |                                          |   |   |   |   |   |   |   |
| A.                Boyd      |   |                            | 18                Nov 2005 |                              |   | 50,000                            |   | $                                          | 0.50   |                        | $      | 0.25                                          |   |   | NIL |   |   | 18                May 2005 ** |   |
| A.                Boyd      |   |                            | 18                May 2006 |                              |   | 50,000                            |   | $                                          | 0.50   |                        | $      | 0.59                                          |   | $ | 4,500 |   |   |   |   |

----

| **2007:**                            |   | Shares |      | Weighted                Average Exercise Price |   |
|--------------------------------------|--------|--------|-----------|------------------------------------------------|--------|
| Granted                              |   |   | 90,000    |                                           | $      | 0.30 |   |
| Exercised                            |   |   | 0         |                                           |   | 0.00 |   |
| Forfeited/expired                    |   |   | 0         |                                           |   | 0.00 |   |
| Outstanding                @ 4/30/07 |   |   | 7,020,000 |                                           |   | 0.50 |   |
| Exercisable                          |   |   | 5,095,000 |                                           |   | 0.49 |   |

| **2006:**                            |   | Shares |      | Weighted                Average Exercise Price |   |
|--------------------------------------|--------|--------|-----------|------------------------------------------------|--------|
| Granted                              |   |   | 90,000    |                                           | $      | 0.16 |   |
| Exercised                            |   |   | 0         |                                           |   | 0.00 |   |
| Forfeited/expired                    |   |   | 0         |                                           |   | 0.00 |   |
| Outstanding                @ 4/30/06 |   |   | 6,930,000 |                                           |   | 0.50 |   |
| Exercisable                          |   |   | 3,380,000 |                                           |   | 0.49 |   |

----

*Comments      on Financials Statements*

**Item      8    Changes in and Disagreements with Accountants on      Accounting and Financial Disclosure**

----

**Item      8A    Controls and Procedures**

**Part      III**

**Item      9    Directors, Executive Officers, Promoters and Control      Persons; Compliance with Section 16(a) of the Exchange Act**

| Name                                   |    | Age |   | Positions                with The                Company              |
|----------------------------------------|--------------|-----|--------|-----------------------------------------------------------------------|
| Andrew                Brett Wotton     |    | 50  |   | Chairman                of the Board of Directors and a Director      |
| Martin                G. Wotton        |    | 45  |   | President                and a Director                               |
| Michael                Emerson         |    | 57  |   | Vice                President, Chief Executive Officer and a Director |
| Trevor                W. Tappenden (1) |    | 60  |   | Director                                                              |

----

| (1)                   | Mr.                Tappenden is an Independent Director of the Company as defined by                the                Nasdaq Marketplace Rules. |
|-------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

**Background      Information of Directors and Officers **

**Andrew      Brett Wotton. **

----

**Martin      G. Wotton. **

**Michael      Emerson. **

**Trevor      W. Tappenden. **

**Compliance      with Section 16(a) of the Exchange Act **

**Item      10    Executive Compensation**

| Name                  and Principal   |    |                        |    | Annual                Compensation |    | Long-Term Compensation                Securities Underlying |   | All                Other   |
|---------------------------------------|--------------|-----------------------------|--------------|------------------------------------|--------------|------------------------------------------------------------------|--------|----------------------------|
| Position                (3)           |         | Year                        |         | Salary ($)                    |         | Bonus ($)                                                   |   | Options                (#) |   | Compensation                ($) |
| Michael                Emerson        |         | (2)                2007     |         | 156,500                            |         | -                                                                |   | -                          |   | - |
| Vice President,                       |         | (2)                2006     |         | 156,500                            |         | -                                                                |   | -                          |   | - |
| Chief Executive              Officer, |         | (2) 2005               |         | 156,500                            |         | -                                                                |   | -                          |   | - |
| Director                              |         | (2) 2004               |         | 107,424                            |         | -                                                                |   | 300,000                    |   | - |
|                                  |         | (2)                2003     |         | 79,635                             |         | -                                                                |   | -                          |   | - |
|                                  |         | (1)                (2) 2002 |         | 33,040                             |         | -                                                                |   | -                          |   | - |

----

----

**Employment      Arrangements **

*Chairman      - Andrew Brett Wotton *

|   | · | The                Management Arrangement with a management fee of AUD$100,000 (approximately                USD$75,000) per annum to be paid quarterly. Less than AUD$40,000                has been                made pursuant to this contract. Most payments have related to payment                or                reimbursement of relevant expenses for travel, technology and                communication costs. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Agent                agreement in relation to consulting services for sales of visionGATEWAY                products and payment of commissions. No payments have been made pursuant                to this agreement to date. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*President      - Martin Wotton *

|   | · | The                Management Arrangement with a management fee of AUD$100,000 (approximately                USD$75,000) per annum to be paid quarterly. Less than AUD$40,000                have been                made pursuant this contract Most payments have related to payment                or                reimbursement of relevant expenses for travel, technology and                communication costs. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Agent                agreement in relation to consulting services for sales of visionGATEWAY                products and payment of commissions. No payments have been made pursuant                to this agreement to date. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Chief      Executive Officer - Michael Emerson *

----

|   | · | Salary                - base component of AUD$10,000 (approximately USD$8,000) for the                period                when Mr. Emerson is working in Australia, and USD$10,000 for the                period                when he is working in the U.S. or other regions outside Australia. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Expenses                - all reasonable business expenses covering travel, etc and other                expenses                paid on behalf of the business would be payable by the Company based                on                the submission of monthly expense claims. This would include all                core                expenses (including accommodation and provision of a motor vehicle)                related to Mr. Emerson, with his family, operating from the U.S.                or other                region outside Australia, as well as relocation expenses. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Incentives                - |
|--------|--------|-----------------------------|

|   | · | Profit                sharing - as and when established by the Company, this contractual                arrangement regarding the services of Mr. Emerson will enable inclusion                in                the Company/staff profit sharing facility that is expected to be                adopted. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Shareholding                - as a direct result of the role and performance by Mr. Emerson,                plus the                hardships endured through delayed payment of remuneration and expenses,                the Company agreed in April 2003 to grant 1,000,000 shares of common                stock                subject to a two year vesting schedule. Of these shares 500,000 vested                in                April 2004 (and formally issued in May 2004) and 500,000 shares will                vest                in January 2005 (not yet issued). |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Options                - Mr. Emerson has been granted 300,000 options with an exercise price                of                $0.50 per share. These options vest over a four year period. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      11    Security Ownership of Certain Beneficial Owners and      Management and Related Stockholder Matters**

|                                                                                                                  |   |                                                                                              |   | Beneficial                Ownership |
|-----------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------|--------|-------------------------------------|
|                                                                                                                  |   |                                                                                              |   | Common                Stock         |
|                                                                                                                  |   | Position                                                                                          |   | Shares                              |   | %                Ownership |
| Directors                and Affiliated Stockholders:                                                                 |   |                                                                                              |   |                                |   |   |
|                                                                                                                  |   |                                                                                              |   |                                |   |   |
| Andrew                Brett Wotton (1)(2) 206                Tablelands Road Opotiki,                New Zealand      |   | Chairman of the                Board                of Directors                        |   | 24,100,000                          |   | 47.8% |
|                                                                                                                  |   |                                                                                              |   |                                |   |   |
| Martin                Wotton (3) 79                Markwell Street Hamilton,                Queensland 4007 Australia |   | President                and Director                                                             |   | 0                                   |   | 0% |
|                                                                                                                  |   |                                                                                              |   |                                |   |   |
| Michael                Emerson 843                16th                Street Santa                Monica, CA 90403USA |   | Vice                President, Chief                Executive Officer                and Director |   | 2,200,000                           |   | 4.4% |
|                                                                                                                  |   |                                                                                              |   |                                |   |   |
| Trevor                Tappenden 9                Hawksburn Close South                Yarra, VIC 3141 Australia       |   | Director                                                                                          |   | 50,000                              |   | 0.1% |
|                                                                                                                  |   |                                                                                              |   |                                |   |   |
| 5%                or Greater Ownership of Voting Securities:                                                          |   |                                                                                              |   |                                |
|                                                                                                                  |   |                                                                                              |   |                                |
| Aspen                Capital Partners 206                Tablelands Road Opotiki,                New Zealand          |   | Principal                Shareholder                                                              |   | 23,000,000                          |   | 45.6% |
|                                                                                                                  |   |                                                                                              |   |                                |   |   |
| All                Officers and Directors as a group                                                                  |   |                                                                                              |   | 26,350,000                          |   | 52.3% |

----

| (1) | All                of the shares owned by Aspen Capital Partners Limited, (“Aspen”), a New                Zealand corporation, (23,000,000 shares) are attributable to Andrew                Brett                Wotton because he is the sole shareholder and a director of Aspen.                As a                result of these holdings and the holdings described in Note 2 below,                Andrew Brett Wotton and Aspen are deemed to be principal shareholders                of                the Company. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (2) | Includes                350,000 shares individually owned by Andrew Brett Wotton and 750,000                shares owned by Aspen Horticulture Limited., also a New Zealand                corporation, of which Andrew Brett Wotton is the sole shareholder.                As                stated above in Note 1, Andrew Brett Wotton may be deemed the beneficial                holder of the 23,000,000 shares of Aspen. Therefore, the total number                of                shares either owned by Andrew Brett Wotton beneficially directly                or                indirectly held by him is 24,100,000. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Martin                G. Wotton disclaims any beneficial interest in any of the shares                either                owned by or attributable to his brother Andrew Brett Wotton. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Item      12    Certain Relationships and Related Transactions**

|   | · | The                Management Contract with a management fee of AUD$100,000 (approximately                USD$75,000) per annum to be paid quarterly. Less than AUD$40,000                has been                made pursuant to this contract. Most payments have related to payment                or                reimbursement of relevant expenses for travel, technology and                communication costs. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Agent                agreement in relation to consulting services for sales of visionGATEWAY                products and payment of commissions. No payments have been made pursuant                to this agreement to date. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Options:      **

| Michael                Emerson                |    | 300,000   |
|-----------------------------------------------|--------------|-----------|
| Aspen                Capital Partners Limited |    | 5,700,000 |
| Aspen                Horticulture Limited     |    | 500,000   |

----

| **Director**                |   | **Date                Granted** |                       | **No.                of Options** |   | **Compensation****Expense** |   | **Date                Appointed as Director** |   |
|-----------------------------|--------|---------------------------------|----------------------------|-----------------------------------|--------|-----------------------------|--------|-----------------------------------------------|--------|
| T.                Tappenden |   |                            | 1                Sep 2004  |                              |   | 20,000                      |   | $                                             | 59,000 |   |   | 9                May 2003 |   |
| T.                Tappenden |   |                            | 1                Mar 2005  |                              |   | 20,000                      |   | $                                             | 59,000 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Sep 2005  |                              |   | 20,000                      |   | $                                             | 10,000 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Mar 2006  |                              |   | 20,000                      |   | $                                             | 10,600 |   |   |   |   |
| T.                Tappenden |   |                            | 1                Sep 2006  |                              |   | 20,000                      |   | $                                             | 4,000  |   |   |   |   |
| T.                Tappenden |   |                            | 1                Mar 2007  |                              |   | 20,000                      |   | $                                             | 4,000  |   |   |   |   |
|                        |   |                            |                       |                              |   |                        |   |                                          |   |   |   |   |   |
| A.                Boyd      |   |                            | 18                Nov 2005 |                              |   | 50,000                      |   |                                          | NIL    |   |   | 18                May 2005 |   |
| A.                Boyd      |   |                            | 18                May 2006 |                              |   | 50,000                      |   | $                                             | 4,500  |   |   |   |   |

**Other      Shares: **

| #                Shares |   | Issued                to:            |   | Issued                for:                                                                                                                                                          |
|-------------------------|--------|--------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 55,140                  |   | Outside                Professionals |   | Investor                Relations & Marketing Services. Compensation expense amount of                $37,500. Shares calculated at price                of US$0.68 per share.  |
|                    |   |                                 |   |                                                                                                                                                                                |
| 57,500                  |   | Outside                Professionals |   | Investor                Relations & Marketing Services. Compensation expense amount of                $25,000. Shares calculated at price                of US$0.435 per share. |
|                    |   |                                 |   |                                                                                                                                                                                |
| 50,000                  |   | Outside                Professionals |   | Investor                Relations & Marketing Services. Compensation expense amount of                $30,000. Shares calculated at price                of US$0.60 per share.  |
|                    |   |                                 |   |                                                                                                                                                                                |
| 162,640                 |   | Total                                |   |                                                                                                                                                                                |

| #                Shares |   | Issued                to:                  |   | Issued                for:                                                                                                                                                                                                                                                          |
|-------------------------|--------|--------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5,000,000               |   | Company                officer/shareholder |   | Capitalization                of accrued interest on shareholder loans from 2002 to January 31,                2007                amounting to $800,000. Shares calculated at average                price of US$0.16 per share.                                                   |
|                    |   |                                       |   |                                                                                                                                                                                                                                                                                |
| 2,000,000               |   | Company                officer/shareholder |   | Capitalization                of outstanding amounts under creditors ($299,075) and part of shareholder                loans ($20,925) as at January 31, 2007 amounting to a total $320,000.                Shares calculated at average                price of US$0.16 per share. |
|                    |   |                                       |   |                                                                                                                                                                                                                                                                                |
| 280,000                 |   | Outside                Investor            |   | Direct                Investment of $95,000. Shares calculated at price                of US$0.3393 per share.                                                                                                                                                                      |
|                    |   |                                       |   |                                                                                                                                                                                                                                                                                |
| 7,280,000               |   | Total                                      |   |                                                                                                                                                                                                                                                                                |

----

  

**Item      13    Exhibit List and Reports of Form 8-K**

| 2.1(1)  |   | Agreement                and Plan of Reorganization, dated February 27, 2004, by and among                Chiropractic, Vision Nv, and the stockholders of Vision Nv.                                                                                                                                                                      |
|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 2.2(1)  |   | Addendum                to the Agreement and Plan of Reorganization, dated February 27, 2004.                                                                                                                                                                                                                                              |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.1(2)  |   | Articles                of Incorporation                                                                                                                                                                                                                                                                                                   |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.2(2)  |   | Bylaws                of Chiropractic 21 International, Inc.                                                                                                                                                                                                                                                                               |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.3(2)  |   | Certificate                of Amendment to Articles of Incorporation dated September 23, 1970.                                                                                                                                                                                                                                             |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.4(2)  |   | Certificate                of Amendment to Articles of Incorporation dated October 29, 1970.                                                                                                                                                                                                                                               |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.5(2)  |   | Certificate                of Amendment to Articles of Incorporation dated October 6, 1972.                                                                                                                                                                                                                                                |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.6(2)  |   | Certificate                of Amendment to Articles of Incorporation dated November 4, 1980.                                                                                                                                                                                                                                               |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.7(2)  |   | Certificate                of Amendment to Articles of Incorporation dated July 15, 1983.                                                                                                                                                                                                                                                  |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 3.8(2)  |   | Certificate                of Amendment to Articles of Incorporation dated December 29, 1999.                                                                                                                                                                                                                                              |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.1(3) |   | Lease,                dated February 15, 2004 by and between vision Gateway Pty Ltd and                Masinello Holdings Pty Ltd.                                                                                                                                                                                                         |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.2(3) |   | Lease                Agreement, dated October 25, 2001, by and between visionGATEWAY and                Executive Centre 133.                                                                                                                                                                                                              |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.3(3) |   | HQ                Global Workplaces Virtual Office Program Service Agreement, dated                December                1, 2003 by and between the visionGATEWAY, Inc. and HQ Global Workplaces,                Inc.                                                                                                                    |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.5(3) |   | Buy/Sell                Agreement, dated May 14, 2004, by and between visionGATEWAY, Inc.                and                AVNET, INC.                                                                                                                                                                                                    |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.6(3) |   | Letter                Agreement regarding Management Services by and between visionGATEWAY,                Inc.                and Aspen Capital Partners Pty Ltd.                                                                                                                                                                         |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.7(3) |   | Letter                Agreement regarding Agent and Consulting Arrangements by and between                visionGATEWAY, Inc. and Aspen Capital Partners Pty Ltd.                                                                                                                                                                          |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.8(3) |   | Letter                Agreement regarding Employment of Michael Emerson by and between                visionGATEWAY, Inc., Michael Emerson and MICEL Pty Ltd.                                                                                                                                                                              |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 10.9(3) |   | Letter                Agreement regarding Agent and Consulting Arrangements by and between                visionGATEWAY, Inc. and MICEL Pty Ltd.                                                                                                                                                                                           |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 21.1    |   | List                of Subsidiaries.                                                                                                                                                                                                                                                                                                       |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 24.1    |   | Power                of Attorney (see signature page)                                                                                                                                                                                                                                                                                      |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 31.1    |   | Certification                by Michael Emerson, required by Rule 13a-14(a) or Rule 15d-14(a)                of the                Exchange Act, promulgated pursuant to Section 302 of the Sarbanes-Oxley                Act of 2002.                                                                                                     |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 31.2    |   | Certification                by Martin G. Wotton, required by Rule 13a-14(a) or Rule 15d-14(a)                of the                Exchange Act, promulgated pursuant to Section 302 of the Sarbanes-Oxley                Act of 2002.                                                                                                    |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 32.1    |   | Certification                by Michael Emerson, required by Rule 13a-14(b) or Rule 15d-14(b)                of the                Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United                States Code, promulgated pursuant to Section 906 of the Sarbanes-Oxley                Act                of 2002.  |
|    |   |                                                                                                                                                                                                                                                                                                                                       |
| 32.2    |   | Certification                by Martin G. Wotton, required by Rule 13a-14(b) or Rule 15d-14(b)                of the                Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United                States Code, promulgated pursuant to Section 906 of the Sarbanes-Oxley                Act                of 2002. |

----

----

**(b)**
**      Reports on Form 8-K**

**Item      14    Principle Accountant Fees and Services**

|                                  |   | Fiscal 2007 |   | Fiscal 2006 |   |
|---------------------------------------|--------|------------------|--------|------------------|--------|
| Audit                Fees (1)         |   | $                | 17,557 |             | $      | 13,903 |   |
| Audit-Related                Fees (2) |   | $                | nil    |             | $      | Nil |   |
| Tax                Fees (3)           |   | $                | nil    |             | $      | nil |   |
| All                Other Fees (4)     |   | $                | nil    |             | $      | Nil |   |

----

*Audit      Fees *
** **

*Audit-Related      Fees *

*Tax      Fees *

*All      Other Fees *

----

**SIGNATURES**

|                                 |                                                                |                             |
|--------------------------------------|---------------------------------------------------------------------|----------------------------------|
| Dated                August 20, 2007 | visionGATEWAY,                Inc.                                  |
|                            |                                                           |                        |
|                                      | By:                                                       | /s/              Michael Emerson |
|                                 | Michael                Emerson                                      |
|                                 | Vice                President, Chief Executive Officer and Director |

| Signature                                         |         | Title                                                                                      |   | Date                           |
|---------------------------------------------------|--------------|--------------------------------------------------------------------------------------------|--------|--------------------------------|
|                                              |    |                                                                                       |   |                           |
|                                              |         |                                                                                       |   |                           |
| /s/  Andrew                Brett Wotton |    | Chairman                of the Board of                                                    |   | August                20, 2007 |
| Andrew                Brett Wotton                |    | Directors                                                                                  |   |                           |
|                                              |    |                                                                                       |   |                           |
|                                              |         |                                                                                       |   |                           |
| /s/  Martin                G. Wotton    |    | President                and Director                                                      |   | August                20, 2007 |
| Martin                G. Wotton                   |    | (principal                financial officer)                                               |   |                           |
|                                              |    |                                                                                       |   |                           |
|                                              |         |                                                                                       |   |                           |
| /s/  Michael                Emerson     |    | Vice                President, Chief                                                       |   | August                20, 2007 |
| Michael                Emerson                    |    | Executive                Officer and Director (principal                executive officer) |   |                           |
|                                              |    |                                                                                       |   |                           |
|                                              |         |                                                                                       |   |                           |
| /s/  Trevor                Tappenden    |    | Director                                                                                   |   | August                20, 2007 |
| Trevor                Tappenden                   |    |                                                                                       |   |                           |

----