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

                                    FORM 10-Q

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                  For the quarterly period ended March 31, 2010

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

             For the transition period from _________ to __________

                        Commission file number 000-52317


                                  NETFONE, INC.
        (Exact name of small business issuer as specified in its charter)

            Nevada                                       98-0438201
  (State or other jurisdiction              (I.R.S. Employer Identification No.)
of incorporation or organization)

                           5100 Westheimer, Suite 200
                               Houston, TX, 77056
                    (Address of principal executive offices)

                                  713.968.7569
                           (Issuer's telephone number)

                                       N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

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

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date:  12,658,000 common shares issued and
outstanding as at May 21, 2010.

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

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

ITEM 1. FINANCIAL STATEMENTS.

Our financial statements are stated in United States dollars and are prepared in
accordance with United States Generally Accepted Accounting Principles.

                                  NETFONE, INC.
                          (A Development Stage Company)
                              FINANCIAL STATEMENTS
                                 March 31, 2010
                                   (Unaudited)

     BALANCE SHEETS                                              3

     STATEMENTS OF OPERATIONS                                    4

     STATEMENTS OF CASH FLOWS                                    5

     NOTE TO THE FINANCIAL STATEMENTS                            6

                                       2
<PAGE>
                                  NETFONE, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                     March 31,         September 30,
                                                                       2010                2009
                                                                     ---------           ---------
                                                                    (Unaudited)          (Audited)
<S>                                                                  <C>                 <C>
                                     ASSETS

Total Assets                                                         $      --           $      --
                                                                     =========           =========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT
  Accounts payable and accrued liabilities                           $   8,685           $   6,957
  Due to related party                                                 158,784             150,415
                                                                     ---------           ---------

                                                                       167,469             157,372
                                                                     ---------           ---------
COMMON STOCK
  Authorized:
   100,000,000 common shares; par value $0.001
   20,000,000 preferred shares; par value $0.001
 Issued and outstanding:
   12,658,000 shares (September 30, 2009: 12,658,000)                   12,658              12,658
  Additional paid-in capital                                           278,542             278,542
  Deficit accumulated during the development stage                    (458,669)           (448,572)
                                                                     ---------           ---------

                                                                      (167,469)           (157,372)
                                                                     ---------           ---------

Total Liabilities and Stockholders' Deficit                          $      --           $      --
                                                                     =========           =========
</TABLE>


   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>
                                  NETFONE, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                                          June 8, 2004
                                              Three months ended                Six months ended         (Inception) to
                                          March 31,        March 31,       March 31,       March 31,        March 31,
                                            2010             2009            2010            2009             2010
                                         -----------      -----------     -----------     -----------      -----------
<S>                                      <C>              <C>             <C>             <C>              <C>
REVENUE                                  $        --      $        --     $        --     $        --      $    12,000
                                         -----------      -----------     -----------     -----------      -----------
EXPENSES
  Accounting fees                              2,500            1,500           6,750           3,000           98,701
  Depreciation                                    --               --              --              --               52
  Bank fees and interest                          --               33              --              84              586
  Consulting fees                                 --               --              --              --           14,623
  Equipment write off                             --               --              --              --            1,358
  Filing fees and incorporation costs            170            3,052           1,715           3,052           13,338
  Legal fees                                     163            3,963             163           3,963           50,073
  Foreign exchange gain                           --               --              --              --             (748)
  Office and general expenses                    525            2,900           1,469           2,900            5,279
                                         -----------      -----------     -----------     -----------      -----------
                                               3,358           11,448          10,097          12,999          183,262
                                         -----------      -----------     -----------     -----------      -----------

NET LOSS FROM CONTINUING OPERATIONS            3,358           11,448          10,097          12,999          171,262
                                         -----------      -----------     -----------     -----------      -----------
DISCONTINUED OPERATIONS
  Loss  from operations                           --               --              --              --         (333,472)
  Gain on sale of subsidiary                      --               --              --              --           46,065
                                         -----------      -----------     -----------     -----------      -----------

NET LOSS                                 $     3,358      $    11,448     $    10,097     $    12,999      $   458,669
                                         ===========      ===========     ===========     ===========      ===========
BASIC AND DILUTED NET
 LOSS PER SHARE                          $     (0.00)     $     (0.00)    $     (0.00)    $     (0.00)
                                         ===========      ===========     ===========     ===========
WEIGHTED AVERAGE
 NUMBER OF SHARES OUTSTANDING             12,658,000       12,658,000      12,658,000      12,658,000
                                         ===========      ===========     ===========     ===========
</TABLE>


   The accompanying notes are an integral part of these financial statements.

                                       4
<PAGE>
                                  NETFONE, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                           June 8, 2004
                                                                 Six months ended         (Inception) to
                                                            March 31,        March 31,       March 31,
                                                              2010             2009            2010
                                                            ---------        ---------       ---------
<S>                                                         <C>              <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                                  $ (10,097)       $ (12,999)      $(171,262)
  Add item not affecting cash
    Equipment write-off                                            --               --           1,358
    Amortization                                                   --               --              52
    Receivable write-off                                           --               --             307
  Changes in operating assets and liabilities
    Accounts receivable                                            --               --            (307)
    Accounts payable and accrued liabilities                    1,728            5,654           8,685
                                                            ---------        ---------       ---------
Net cash used in continuing operations                         (8,369)              --        (161,167)

Net cash used in discontinued operations                           --               --        (312,407)
                                                            ---------        ---------       ---------
Net cash used in operating activities                          (8,369)          (7,354)       (473,574)
                                                            ---------        ---------       ---------
CASH FLOWS FROM FINANCING ACTIVITIES
  Due to related party                                          8,369            7,191         158,784
  Proceeds from sale of Netfone Services Inc.                      --               --          25,000
  Proceeds of common stock issuances                               --               --         291,200
                                                            ---------        ---------       ---------
Net cash provided by financing activities                       8,369            7,191         474,984
                                                            ---------        ---------       ---------
CASH FLOWS FROM INVESTING ACTIVITIES
  Equipment (additions) dispositions                               --               --          (1,410)
                                                            ---------        ---------       ---------
Net cash from (used) in investing activities                       --               --          (1,410)
                                                            ---------        ---------       ---------

NET INCREASE (DECREASE) IN CASH                                    --             (163)             --

CASH, BEGINNING                                                    --              163              --
                                                            ---------        ---------       ---------

CASH, ENDING                                                $      --        $      --       $      --
                                                            =========        =========       =========
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION:
  Cash paid for interest                                    $      --        $      --       $      --
                                                            =========        =========       =========
  Cash paid for taxes                                       $      --        $      --       $      --
                                                            =========        =========       =========
</TABLE>


   The accompanying notes are an integral part of these financial statements.

                                       5
<PAGE>
                                  NETFONE, INC.
                          (A Development Stage Company)
                        NOTE TO THE FINANCIAL STATEMENTS
                                 March 31, 2010
                                   (Unaudited)


Note 1 Basis of Presentation

     The accompanying  unaudited interim financial statements have been prepared
     in accordance with United States generally accepted  accounting  principles
     for interim financial information and with the rules and regulations of the
     Securities  and  Exchange  Commission  ("SEC").  They  do not  include  all
     information  and  footnotes  required by United States  generally  accepted
     accounting principles for complete financial statements. However, except as
     disclosed  herein,  there has been no material  changes in the  information
     disclosed  in the  notes to the  financial  statements  for the year  ended
     September  30, 2009  included in the  Company's  Annual Report on Form 10-K
     filed with the SEC. The unaudited  interim  financial  statements should be
     read in conjunction  with those financial  statements  included in the Form
     10-K. In the opinion of Management,  all adjustments  considered  necessary
     for a fair presentation, consisting solely of normal recurring adjustments,
     have been made.  Operating results for the three and six months ended March
     31, 2010 are not necessarily indicative of the results that may be expected
     for the year ending September 30, 2010.


                                       6
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION.

FORWARD-LOOKING STATEMENTS

This  quarterly  report  contains  forward-looking  statements  as that  term is
defined  in the  Section  27A of  the  Securities  Act  and  Section  21E of the
Securities  Exchange Act. These statements relate to future events or our future
financial  performance.   In  some  cases,  you  can  identify   forward-looking
statements  by  terminology  such  as  "may",  "should",   "expects",   "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue" or
the negative of these terms or other  comparable  terminology.  These statements
are only  predictions  and involve known and unknown  risks,  uncertainties  and
other factors that may cause our or our  industry's  actual  results,  levels of
activity, performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by
these forward-looking statements.

Although  we believe  that the  expectations  reflected  in the  forward-looking
statements  are  reasonable,  we  cannot  guarantee  future  results,  levels of
activity,  performance or  achievements.  Except as required by applicable  law,
including the securities  laws of the United States,  we do not intend to update
any of the  forward-looking  statements  to conform  these  statements to actual
results.

Our financial statements are stated in United States dollars and are prepared in
accordance with United States Generally Accepted Accounting Principles.  In this
quarterly report,  unless otherwise specified,  all dollar amounts are expressed
in United States dollars.  All references to "common shares" refer to the common
shares in our capital stock.

As used in this quarterly  report,  the terms "we",  "us",  "our", and "Netfone"
means Netfone, Inc. unless otherwise indicated.

GENERAL

During the year ended  September 30, 2007, we sold NetFone  Services Inc. (which
was  a  wholly-owned  Canadian  subsidiary  providing  internet  protocol  phone
service).  We were  incorporated  in the State of Nevada on June 8,  2004.  From
inception of our business on June 8, 2004, we were engaged in the development of
communication  technology and services for internet protocol (IP), telephony and
video applications.

The address of our principal  executive  office is 5100  Westheimer,  Suite 200,
Houston, TX, 77056. Our telephone number is 713-968-7569.

OUR CURRENT BUSINESS

During the year ended September 30, 2007,  management  determined that the Voice
over IP market was becoming  increasingly  competitive with diminishing margins.
In  addition,  we could  not  acquire  additional  financing  in  order  for our
subsidiary to market its products, pay support staff or maintain equipment,  nor
did we have the resources to acquire insurance  especially  related to liability
arising from  911emergency  calls for our company directly or for our directors.
In light of this  determination,  we sold all of the assets of our wholly  owned
subsidiary,  NetFone  Services Inc.,  with the exception of the software  assets
purchased on January 4, 2007, which were retained by our company.

We are currently seeking other business opportunities.

RESULTS OF OPERATIONS

From the date of our  incorporation  on June 8, 2004 to March 31, 2010,  we have
been a development stage company that has generated minimal revenues. During the
three and six months ended March 31,  2010,  we have not  generated  any revenue
(2009 - $Nil).

                                       7
<PAGE>
THREE AND SIX MONTH PERIODS ENDED MARCH 31, 2010 COMPARED WITH THE THREE AND SIX
MONTH PERIODS ENDED MARCH 31, 2009.

We posted an  operating  loss of $3,358 and  $10,097 for the three and six month
periods  ended  March 31, 2010  respectively  compared  to  operating  losses of
$11,448 and $12,999 for the three and six month  periods  ended March 31,  2010,
and  operating  losses  of  $171,262  since  inception  to March 31,  2010.  The
principal component of the decrease was due to an overall decrease in activity.

Our operating  expenses for the three and six month periods ended March 31, 2010
compared  to the  three  month  periods  ended  March  31,  2009 are  classified
primarily into the following  three  categories:

     *    Accounting  and  auditing  fees  for  the  quarterly  reviews  and the
          year-end  audit.  The amount  incurred by our  company  during for the
          three and six  month  periods  ended  March 31,  2010 was  $2,500  and
          $6,750,  compared to the three and six month  periods  ended March 31,
          2009 of $1,500 and $3,000;

     *    Filing Fees.  The amount  incurred by our company during the three and
          six month periods ended March 31, 2010 was $170 and $1,715 compared to
          $3,052 and $3,052 for both the three and six month periods ended March
          31, 2009.

     *    Office and general expenses. The amount incurred by our company during
          the three  and six month  periods  ended  March 31,  2010 was $525 and
          $1,469  compared  to  $2,900  and  $2,900  for the three and six month
          periods ended March 31, 2009.

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

At March 31, 2010, we had a working capital deficit of $167,469.

At March 31, 2010, we had assets of $Nil.

At March 31, 2010, our total liabilities were $167,469.

At March 31, 2010 we had cash on hand of $Nil.

PLAN OF OPERATION

We anticipate  we will require up to $25,000 for the 12 months ending  September
30,  2010  to  fund  our  obligations  in  respect  of our  ongoing  operational
expenditures.

EMPLOYEES

As of March 31, 2010, we have no employees.

RESEARCH AND DEVELOPMENT

We did not spend any  specific  funds on  research  and  development  activities
during the three and six months ended March 31, 2010.

PERSONNEL PLAN

We do not currently plan to add more personnel to our company.

                                       8
<PAGE>
CASH REQUIREMENTS

We are not  currently  generating  revenues.  Management  projects  that we will
require  additional  funding to maintain our current operations and to enable us
to address our current and ongoing  expenses and  continue  seeking new business
opportunities.

There is some doubt  about our  ability to  continue  as a going  concern as the
continuation  of our business is  dependent  upon the  continued  support of our
major shareholders and raising additional capital.

We have incurred operating losses since inception.  As we had no cash on hand as
at December  31, 2009,  management  projects  that we may require an  additional
$25,000  to fund our  ongoing  operating  expenditures,  offering  expenses  and
working capital  requirements  for the twelve month period ending  September 30,
2010, broken down as follows:

           Estimated Funding Required During the Twelve Month Period
                           Ending September 30, 2010

               Operating expenditures
                 General and Administrative              $20,000
                 Working capital                           5,000
                                                         -------

               Total (including Offering Costs)          $25,000
                                                         =======

Due to the uncertainty of our ability to meet our current  operating and capital
expenses, in their report on the annual financial statements for the period from
incorporation  on June 8, 2004 to September 30, 2009, our  independent  auditors
included  an  explanatory  paragraph  regarding  concerns  about our  ability to
continue as a going concern.  Our financial  statements  contain additional note
disclosures  describing the  circumstances  that lead to this  disclosure by our
independent auditors.

There are no assurances  that we will be able to obtain  further funds as may be
required  for our  continued  operations.  If required,  we will pursue  various
financing   alternatives   to  meet  our  immediate   and  long-term   financial
requirements,  which we anticipate will consist of further private placements of
equity  securities,  advances from related parties or shareholder loans. We have
not entered into any  definitive  agreements  with any  shareholders  or related
parties for the provision of loans or advances.  There can be no assurance  that
additional financing will be available to us when needed or, if available,  that
it can be  obtained  on  commercially  reasonable  terms.  If we are not able to
obtain the additional  financing on a timely basis,  we will not be able to meet
our other  obligations as they become due and we will be forced to scale down or
perhaps even cease our operations.

PURCHASE OF SIGNIFICANT EQUIPMENT

We do not anticipate that we will expend any significant amount on equipment for
our present or future operations.

GOING CONCERN

Due to our being a development stage company and not having generated  revenues,
in their report on our financial statements for the period from incorporation on
June 8, 2004 to March 31, 2010, our independent auditors included an explanatory
paragraph  regarding  concerns about our ability to continue as a going concern.
Our financial  statements  contain  additional note  disclosures  describing the
circumstances that lead to this disclosure.

We have historically  incurred losses,  and through March 31, 2010 have incurred
losses of $458,669 from our inception.  Because of these historical  losses,  we
will require additional working capital to develop our business  operations.  We

                                       9
<PAGE>
intend to raise additional  working capital through private  placements,  public
offerings,  bank financing  and/or  advances from related parties or shareholder
loans.

The continuation of our business is dependent upon obtaining  further  financing
and achieving a break even or profitable  level of  operations.  The issuance of
additional equity securities by us could result in a significant dilution in the
equity  interests of our current or future  stockholders.  Obtaining  commercial
loans,  assuming those loans would be available,  will increase our  liabilities
and future cash commitments.

There are no  assurances  that we will be able to either (1)  achieve a level of
revenues  adequate  to generate  sufficient  cash flow from  operations;  or (2)
obtain additional financing through either private placements,  public offerings
and/or bank financing necessary to support our working capital requirements.  To
the extent that funds  generated  from  operations  and any private  placements,
public offerings and/or bank financing are  insufficient,  we will have to raise
additional working capital. No assurance can be given that additional  financing
will be  available,  or if  available,  will be on terms  acceptable  to us.  If
adequate working capital is not available we may not increase our operations.

These  conditions  raise  substantial  doubt  about our ability to continue as a
going concern.  The financial statements do not include any adjustments relating
to the recoverability and classification of asset carrying amounts or the amount
and classification of liabilities that might be necessary should we be unable to
continue as a going concern.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our financial  statements and accompanying notes are prepared in accordance with
generally  accepted  accounting  principles  in  the  United  States.  Preparing
financial  statements requires management to make estimates and assumptions that
affect the reported amounts of assets, liabilities, revenue, and expenses. These
estimates and assumptions are affected by management's application of accounting
policies.  We believe that  understanding  the basis and nature of the estimates
and assumptions  involved with the following aspects of our financial statements
is critical to an understanding of our financials.

In  preparing  financial   statements  in  conformity  with  generally  accepted
accounting principles,  management is required to make estimates and assumptions
that affect the reported amounts of assets and liabilities and the disclosure of
contingent  assets and  liabilities at the date of the financial  statements and
revenues and expenses  during the reported  period.  Actual results could differ
from those estimates.

The carrying amounts of our stockholder loan payable  approximate fair value due
to the relatively short period to maturity for this instrument.

Deferred  tax  assets  and   liabilities  are  recognized  for  the  future  tax
consequences   attributable  to  differences  between  the  financial  statement
carrying  amounts of existing assets and  liabilities  and their  respective tax
bases.  Deferred tax assets and liabilities are measured using enacted tax rates
expected  to apply to  taxable  income  in the  years in which  those  temporary
differences are expected to be recovered or settled.  The effect on deferred tax
assets and  liabilities  of a change in tax rates is recognized in income in the
period that includes the enactment date.

Basic and diluted net loss per common share is computed  based upon the weighted
average common shares outstanding as defined by Financial  Accounting  Standards
No. 128,  "Earnings Per Share." As of September  30, 2009,  there were no common
share equivalents outstanding.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying value of our financial  instruments  consisting of accounts payable
and  due  to  related  parties  approximate  their  carrying  value  due  to the
short-term  maturity  of  such  instruments.   Unless  otherwise  noted,  it  is
management's opinion that we are not exposed to significant  interest,  currency
or credit risks arising from these financial instruments.

                                       10
<PAGE>
RECENT ACCOUNTING PRONOUNCEMENTS

Management  does not believe that any  recently  issued,  but not yet  effective
accounting  standards if currently  adopted could have a material  effect on the
accompanying financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We are a smaller  reporting  company as defined by Rule 12b-2 of the  Securities
Exchange Act of 1934 and are not required to provide the information  under this
item.

ITEM 4. CONTROLS AND PROCEDURES.

MANAGEMENT'S QUARTERLY EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Disclosure controls and procedures are controls and procedures that are designed
to ensure that  information  required to be disclosed in our reports filed under
the Exchange Act is recorded,  processed,  summarized  and reported,  within the
time  periods  specified in the SEC's rules and forms.  Disclosure  controls and
procedures  include,  without  limitation,  controls and procedures  designed to
ensure that  information  required to be disclosed by our company in the reports
that it files or submits under the Exchange Act is accumulated and  communicated
to our  management,  including its principal  executive and principal  financial
officers,  or persons  performing  similar  functions,  as  appropriate to allow
timely decisions  regarding required  disclosure.  Our management carried out an
evaluation  under  the  supervision  and with  the  participation  of our  Chief
Executive Officer and Principal  Financial Officer,  of the effectiveness of the
design and operation of our disclosure controls and procedures pursuant to Rules
13a-15(e) and 15d-15(e)  under the  Securities  Exchange Act of 1934  ("Exchange
Act").  Based upon that  evaluation,  our Chief Executive  Officer and Principal
Financial  Officer have concluded  that our  disclosure  controls and procedures
were  not  effective  as of  March  31,  2010,  due to the  material  weaknesses
resulting  from i) a lack of a formally  adopted  and  written  code of business
conduct  and  ethics  that  governs to the  Company's  employees,  officers  and
directors;  ii)  controls  were not  designed  and in place to  ensure  that all
disclosures required were originally addressed in our financial statements; and,
iii) controls were not designed and in place to ensure that equity  transactions
were properly reflected. Please refer to our Annual Report on Form 10-K as filed
with the SEC on January  13,  2010,  for a complete  discussion  relating to the
foregoing evaluation of Disclosures and Procedures.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There  were no  changes in  internal  controls  over  financial  reporting  that
occurred  during the three  months ended March 31,  2010,  that have  materially
affected,  or are reasonably likely to materially  affect,  our internal control
over financial reporting.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We are not a party to any pending legal proceeding.  No federal,  state or local
governmental  agency is  presently  contemplating  any  proceeding  against  the
Company. No director,  executive officer or affiliate of the Company or owner of
record or beneficially  of more than five percent of the Company's  common stock
is a party  adverse to the  Company or has a  material  interest  adverse to the
Company in any proceeding.

ITEM 1A. RISK FACTORS.

We are a smaller  reporting  company as defined by Rule 12b-2 of the  Securities
Exchange Act of 1934 and are not required to provide the information  under this
item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

     1.   ISSUANCE OF EQUITY SECURITIES IN EXCHANGE FOR SERVICES:

          None.

                                       11
<PAGE>
     2.   CONVERTIBLE SECURITIES:

          None.

     3.   OUTSTANDING WARRANTS:

          None.

     4.   SALES OF EQUITY SECURITIES FOR CASH:

          None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

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

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

Exhibits Required by Item 601 of Regulation S-B.

(3) CHARTER AND BY-LAWS

3.1      Articles  of   Incorporation   (incorporated  by  to  our  Registration
         Statement on Form SB-2 filed December 1, 2004)

3.2      By-laws  (incorporated  by to our  Registration  Statement on Form SB-2
         filed December 1, 2004)

(10)     MATERIAL CONTRACTS

10.1     Consulting  Agreement  dated  July 1, 2004  between  Rafeh  Hulays  and
         Netfone Services Inc. (incorporated by to our Registration Statement on
         Form SB-2 filed December 1, 2004)

10.2     Form of Subscription  Agreement  (incorporated  by to our  Registration
         Statement on Form SB-2 filed December 1, 2004)

10.3     Purchase   Order  to  Asterisk  IT  Pty  Ltd.  dated  January  4,  2007
         (incorporated  by reference  from our current  report on Form 8-K filed
         January 10, 2007)

10.4     Purchase Order to Arezqui Belaid dated January 4, 2007 (incorporated by
         reference from our current report on Form 8-K filed January 10, 2007)

(21)     SUBSIDIARIES

         Netfone Services Inc., a federal Canadian Company

(31)     SECTION 302 CERTIFICATIONS

31.1*    Certification of Charles El-Moussa

(32)     SECTION 906 CERTIFICATIONS

32.1*    Certification of Charles El-Moussa

----------
* filed herewith

                                       12
<PAGE>
                                   SIGNATURES

In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

NETFONE, INC.


By: Charles El-Moussa
   ---------------------------------------------------------------
   Charles El-Moussa, President, Secretary, Treasurer and Director
   (Principal Executive Officer, Principal Financial Officer
   and Principal Accounting Officer)

Date: May 21, 2010


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