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 December 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)

4801 Woodway Drive, Suite 300 East, Houston, TX             77056
   (Address of principal executive offices)              (zip code)

                                 (713) 968-7569
              (Registrant's telephone number, including area code)

                                       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 [ ]

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Web site, if any, every  Interactive  Data File required
to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files). Yes [ ] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of "large accelerated filer," "accelerated filer," and "smaller
reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ ]                        Accelerated Filer [ ]

Non-accelerated filer [ ]                          Smaller reporting company [X]
(Do not check if Smaller reporting company)

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

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after distribution of
securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity as of the latest practicable date: As of February 10, 2011, there were
12,658,000 shares of common stock, par value $0.001, outstanding.
<PAGE>
                                TABLE OF CONTENTS

PART I  -  FINANCIAL INFORMATION

     Item 1.  Financial Statements...........................................  3

     Item 2.  Management's Discussion and Analysis of Financial Condition
              and Results of Operations......................................  7

     Item 3.  Quantitative and Qualitative Disclosures About Market Risk..... 13

     Item 4T. Controls and Procedures........................................ 13

PART II - OTHER INFORMATION

     Item 1A. Risk Factors................................................... 14

     Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.... 17

     Item 3.  Defaults Upon Senior Securities................................ 17

     Item 4.  (Removed And Reserved)......................................... 17

     Item 5.  Other Information.............................................. 17

     Item 6.  Exhibits....................................................... 17

SIGNATURES................................................................... 18

                                       2
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

                                  NETFONE, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS

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

CURRENT
  Prepaid expenses                                                   $    6,289           $       --
                                                                     ----------           ----------

Total Assets                                                         $    6,289           $       --
                                                                     ==========           ==========

                      LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT
  Accounts payable and accrued liabilities                           $   10,757           $   13,876
  Due to related parties                                                195,287              172,627
                                                                     ----------           ----------

                                                                        206,044              186,503
                                                                     ----------           ----------
STOCKHOLDERS' DEFICIT
  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 common shares (September 30, 2010: 12,658,000)           12,658               12,658
  Additional paid-in capital                                            278,542              278,542
  Deficit accumulated during the development stage                     (490,955)            (477,703)
                                                                     ----------           ----------

                                                                       (199,755)            (186,503)
                                                                     ----------           ----------

Total Liabilities and Stockholders' Deficit                          $    6,289           $       --
                                                                     ==========           ==========
</TABLE>

Commitment (Note 2)

   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>
                                                           Three months ended                    June 8, 2004
                                                   -----------------------------------          (Inception) to
                                                   December 31,           December 31,           December 31,
                                                       2010                   2009                   2010
                                                   ------------           ------------           ------------
<S>                                                <C>                    <C>                    <C>
REVENUE                                            $         --           $         --           $     12,000
                                                   ------------           ------------           ------------
EXPENSES
  Accounting and auditing fees                            6,552                  4,250                109,553
  Depreciation                                               --                     --                     52
  Bank fees and interest                                     --                     --                    586
  Consulting fees                                            --                     --                 14,623
  Equipment write off                                        --                     --                  1,358
  Filing fees and incorporation costs                     2,885                  1,545                 18,671
  Legal fees                                              3,239                     --                 64,170
  Foreign exchange gain                                      --                     --                   (748)
  Office and general expenses                               576                    944                  7,283
                                                   ------------           ------------           ------------
                                                         13,252                  6,739                215,548
                                                   ------------           ------------           ------------

NET LOSS FROM CONTINUED OPERATIONS                       13,252                  6,739                203,548
                                                   ------------           ------------           ------------
DISCONTINUED OPERATIONS
  Loss  from operations                                      --                     --               (333,472)
  Gain on sale of subsidiary                                 --                     --                 46,065
                                                   ------------           ------------           ------------
                                                             --                     --               (287,407)
                                                   ------------           ------------           ------------

NET LOSS                                           $     13,252           $      6,739           $    490,955
                                                   ============           ============           ============


NET LOSS PER SHARE - BASIC AND DILUTED             $      (0.00)          $      (0.00)
                                                   ============           ============

WEIGHTED AVERAGE NUMBER OF SHARES
 OUTSTANDING - BASIC AND DILUTED                     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>
                                                             Three months ended                 June 8, 2004
                                                      ---------------------------------        (Inception) to
                                                      December 31,         December 31,         December 31,
                                                          2010                 2009                 2010
                                                       ----------           ----------           ----------
<S>                                                    <C>                  <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss from continuing operations                  $  (13,252)          $   (6,739)          $ (203,548)
  Add items not affecting cash
    Equipment write-off                                        --                   --                1,358
    Amortization                                               --                   --                   52
    Receivable write-off                                       --                   --                  307
  Changes in operating assets and liabilities
    Accounts receivable                                        --                   --                 (307)
    Prepaid expenses                                       (6,289)                  --               (6,289)
     Accounts payable and accrued liabilities              (3,119)                (782)              10,757
                                                       ----------           ----------           ----------
Net cash used in continuing operations                    (22,660)              (7,521)            (197,670)

Net cash used in discontinued operations                       --                   --             (312,407)
                                                       ----------           ----------           ----------

Net cash used in operating activities                     (22,660)              (7,521)            (510,077)
                                                       ----------           ----------           ----------
CASH FLOWS FROM FINANCING ACTIVITIES
  Due to related party                                     22,660                7,521              195,287
  Proceeds from sale of Netfone Services Inc.                  --                   --               25,000
   Proceeds of common stock issuances                          --                   --              291,200
                                                       ----------           ----------           ----------

Net cash provided by financing activities                  22,660                7,521              511,487
                                                       ----------           ----------           ----------
CASH FLOWS FROM INVESTING ACTIVITIES
  Equipment additions                                          --                   --               (1,410)
                                                       ----------           ----------           ----------

Net cash used in investing activities                          --                   --               (1,410)
                                                       ----------           ----------           ----------

NET CHANGE IN CASH                                             --                   --                   --

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

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
                                December 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,  2010  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
months ended  December 31, 2010 are not  necessarily  indicative  of the results
that may be expected for the year ending September 30, 2011.

NOTE 2 SHARE EXCHANGE AGREEMENT

On December 23, 2010, the Company  entered into a share exchange  agreement (the
"Agreement")  whereby it will, no later than March 31, 2011, acquire 100% of the
issued and  outstanding  share capital of ITP Impianti e Technologie di Processo
S.p.A.  ("ITP"),  a corporation  existing under the laws of Italy and engaged in
the exploration and development of oil and gas properties. As consideration, the
Company  will issue such number of shares of the Company that will result in the
current  shareholders  of the Company  holding 6% of the issued and  outstanding
common shares of the Company and the current  shareholders of ITP holding 94% of
the issued and outstanding  common shares of the Company.  Pursuant to the terms
of the Agreement,  the Company will complete a reverse stock split of its issued
and outstanding  common shares at a ratio of 1 new share for 2.4 old shares. The
number of  authorized  shares of Common  Stock will  increase  from  100,000,000
common shares to 1,000,000,000  common shares. The Company will cancel 3,166,670
common  shares  (on a post  reverse  stock  split  basis)  currently  issued and
outstanding  and held by the  President of the  Company.  Based on the number of
common  shares  outstanding  as of February  14,  2011,  the Company  will issue
approximately 34,000,000 common shares as consideration.

In  connection  with the  Agreement,  the Company  will also issue  unregistered
common share purchase warrants (the "Warrants") to a company as compensation for
indemnifying ITP as to certain representations made relating to the Company. The
Warrants  will  expire on the  fourth  anniversary  of the  consummation  of the
Agreement.  The number of common shares  issuable under the Warrants will be the
aggregate of:

     a)   1.5% of the outstanding  common shares at the closing of the Agreement
          at an  exercise  price equal to  $75,000,000  divided by the number of
          shares  outstanding  at  the  closing  of  the  Agreement,   currently
          estimated to be 541,613  common  shares (on a post reverse stock split
          basis) at an exercise price of $2.08; and

     b)   1.5% of the outstanding  common shares at the closing of the Agreement
          at an exercise  price equal to  $100,000,000  divided by the number of
          shares  outstanding  at  the  closing  of  the  Agreement,   currently
          estimated to be 541,613  common  shares (on a post reverse stock split
          basis) at an exercise price of $2.77.

          The  closing of this  transaction  is  subject to certain  conditions;
          including,  the Company obtaining all necessary  regulatory  approvals
          and consents,  and the Company  changing its corporate  domicile into,
          and  continue  its  corporate  existence  pursuant to, the laws of the
          State of Delaware.

                                       6
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

FORWARD LOOKING STATEMENTS

This quarterly  report contains  forward-looking  statements.  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",  "will",
"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 may involve
known and unknown risks, uncertainties and other factors, including the risks in
the section entitled "Risk 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 generally accepted accounting principles in the United States of
America.

In this  annual  report,  unless  otherwise  specified,  all dollar  amounts are
expressed in United States dollars.

As used in this annual report,  the terms "we", "us", "our", and "NetFone" means
Netfone,  Inc. and our wholly owned subsidiary,  Netfone Services,  Inc., unless
otherwise indicated.

OUR CURRENT BUSINESS

We were  incorporated  in the State of Nevada on June 8, 2004. From inception of
our  business  on June  8,  2004 to  March  7,  2007,  we  were  engaged  in the
development of communication technology and services for internet protocol (IP),
telephony and video  applications.  This business plan has been abandoned due to
declining margins and increased  competition in the field. 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 911 emergency
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.

PLAN OF OPERATION

The following  discussion  should be read in  conjunction  with the  information
contained in our financial  statements and the notes which form an integral part
of the financial statements which are attached hereto.

The financial  statements  mentioned above have been prepared in conformity with
accounting principles generally accepted in the United States of America and are
stated in United States dollars.

SHARE  PURCHASE   AGREEMENT  WITH  ORANGE  CAPITAL  CORP.  AND  ITP  OIL  &  GAS
INTERNATIONAL S.A.

On December 23, 2010,  we entered into a into a Share  Exchange  Agreement  (the
"SHARE EXCHANGE  AGREEMENT")  with Orange Capital Corp., a corporation  existing
under the laws of British  Columbia  ("ORANGE") and ITP Oil & Gas  International

                                       7
<PAGE>
S.A., a corporation existing under the laws of Luxembourg ("ITP-LUX").  Upon the
satisfaction  or  waiver  of the  conditions  set  forth in the  Share  Exchange
Agreement,  we agreed to acquire all of the issued and outstanding shares of ITP
Impianti e Tecnologie di Processo S.p.A., a corporation  existing under the laws
of Italy  ("ITP") in exchange  for our issuing and  delivering  to ITP-Lux  such
number of shares which  results in current  holders of our company  having 6% of
the  outstanding  shares  of our  company  and ITP Lux  having  94% (the  "SHARE
EXCHANGE"). Upon consummation of the Share Exchange, our board of directors will
all be appointed by ITP-Lux. The closing of the Share Exchange is anticipated to
occur on or about March 31, 2011 or an earlier  date agreed to by all parties to
the Share Exchange Agreement.

The issuance of an expected  34,000,000 shares of our common stock, after taking
into account a reverse  split as described  below,  to ITP-Lux so that they will
own 94% of our common stock upon closing will result in substantial  dilution to
current shareholders of our company.

Pursuant  to the terms of the Share  Exchange  Agreement,  concurrently  with or
prior to the  consummation  of the Share Exchange,  among other matters,  we are
required and have agreed to:

     *    Effectuate a reverse stock split of our issued and outstanding  common
          stock, par value $0.001 per share (the "COMMON STOCK"),  at a ratio of
          1 for 2.4,  to  become  effective  prior to the  closing  of the Share
          Exchange.  The number of  authorized  shares of Common  Stock has been
          agreed to be  increased  from  100,000,000  shares of Common  Stock to
          1,000,000,000  shares.  As a result of the reverse stock split,  every
          2.4 shares of our Common  Stock  issued  and  outstanding  immediately
          prior to the effective  time for the stock split would be combined and
          reclassified  into one  share of  Common  Stock.  We would  not  issue
          fractional  shares of Common Stock.  Fractional  shares resulting from
          the reverse stock split will be rounded up to the next whole share;

     *    Cancel  3,166,670  (on a post reverse  stock split  basis)  restricted
          Common Shares issued by our company to Charles El-Moussa,  our current
          president. Mr. El-Moussa has agreed to the cancellation as a condition
          of the ITP transaction;

     *    In  consideration  of  Orange  indemnifying   ITP-Lux  as  to  certain
          representations,  issue to Orange  certain  unregistered  warrants  to
          purchase shares of our Common Stock expiring on the fourth anniversary
          of the consummation of the Share Exchange (the "WARRANTS"). The number
          of shares of Common Stock issuable under the Warrants shall  represent
          the aggregate of:

          *    One and a half percent  (1.5%) of our total share  capital at the
               closing of the Share  Exchange at an exercise  price which equals
               seventy five million U.S.  dollars  ($75,000,000)  divided by our
               total  share  capital  at  the  closing  of the  Share  Exchange;
               currently  estimated to represent  541,613  warrants (on an after
               stock split basis) with an exercise price of $2.08; and

          *    One and a half percent  (1.5%) of our total share  capital at the
               closing of the Share  Exchange at an exercise  price which equals
               one hundred million U.S.  dollars  ($100,000,000)  divided by our
               total  share  capital  at  the  closing  of the  Share  Exchange;
               currently  estimated  to  represent  the 541,613  warrants (on an
               after stock split basis) with an exercise price of $2.77.

     *    Change our corporate  name from "Netfone Inc." to such name as ITP-Lux
          may designate;

     *    Change our  corporate  purpose in our  Articles  of  Incorporation  to
          conform with the business purpose of ITP; and

     *    Change  our  corporate  domicile  into,  and  continue  our  corporate
          existence pursuant to, the laws of the State of Delaware.

As of the closing of the Share  Exchange,  the shares of our Common  Stock to be
issued under the Share Exchange  Agreement to ITP-Lux,  the Warrants issuable to
Orange and the shares of Common Stock issuable under the Warrants, will not have
been  registered  under the  Securities  Act of 1933,  as amended,  or any state

                                       8
<PAGE>
securities laws and unless so registered at a later time, may not be sold except
in a transaction  registered under, or exempt from, the registration  provisions
of the Securities Act of 1933, as amended, and applicable state securities laws.
No registration rights have been granted regarding these shares, the Warrants or
the shares underlying the Warrants.

We  have  agreed  that  until  such  time as the  Share  Exchange  Agreement  is
consummated  or  terminated,  which shall not be later than March 31, 2011,  we,
Orange and ITP-Lux will not, directly or indirectly solicit, initiate, entertain
or accept any inquiries or proposals from,  discuss or negotiate  with,  provide
any  non-public  information  to, or  consider  the  merits  of any  unsolicited
inquiries or proposals  from, any person or entity  relating to any  transaction
involving the sale of the business or assets (other than in the ordinary  course
of business),  or any of the capital stock of ITP or our company, as applicable,
or any merger, consolidation, business combination, or similar transaction other
than as contemplated by the Share Exchange Agreement.

We are currently negotiating with Orange and ITP-Lux to postpone the increase in
authorized  shares and  relocation to Delaware until after the completion of the
Share Exchange Agreement.

Our financial  statements contained herein have been prepared on a going concern
basis,  which  assumes that we will be able to realize our assets and  discharge
our obligations in the normal course of business. We incurred a net loss for the
period from the  inception  of our business on June 8, 2004 to December 31, 2010
of $490,955.

Assuming the Share  Exchange  Agreement does not close,  our estimated  expenses
over the next 12 months  are as  follows:

               Expense                                               Amount
               -------                                               ------
     Professional fees                                              $ 7,500
     General and administrative                                     $22,500
                                                                    -------
     TOTAL                                                          $30,000
                                                                    =======

We must raise cash to implement  our business  plan. As of December 31, 2010, we
had a working  capital  deficiency  of $199,755.  We will require  approximately
$45,000  for the next 12  months  in order to  continue  our  proposed  business
assuming debts are not called by related parties.

RESULTS OF OPERATIONS

From the date of our incorporation on June 8, 2004 to December 31, 2010, we have
been a start up company that has not generated substantial revenues.

THREE MONTH SUMMARY

                                                     Three Months Ended
                                                         December 31,
                                                2010                   2009
                                              --------               --------
     Revenue                                  $     --               $     --
     Expenses                                   13,252                  6,739
     Other Income                                   --                     --
                                              --------               --------
     Net Loss                                 $ 13,252               $  6,739
                                              ========               ========

                                       9
<PAGE>
OPERATING COSTS AND EXPENSES

The major  components  of our expenses for the quarter are outlined in the table
below:

                                                     Three Months Ended
                                                         December 31,
                                                2010                   2009
                                              --------               --------
     Accounting fees                          $  6,553               $  4,250
     Legal fees                                  3,239                     --
     Office and miscellaneous                      576                    944
     Filing fees                                 2,884                  1,545
                                              --------               --------
     TOTAL OPERATING EXPENSES                 $ 13,252               $  6,739
                                              ========               ========

THREE MONTHS ENDED DECEMBER 31

Legal  increased  $3,239 from $Nil to $3,239  primarily  due to fees incurred in
relation to our proposed transaction.

Accounting  fees  increased  $2,303  from  $4,250  to  $6,553  primarily  due an
under-accrual  of our audit  estimate in the prior period  combined with current
review costs.

Filing  fees  increased  $1,339 from $1,545 to $2,884  primarily  due  increased
activity incurred by our transfer agent.

LIQUIDITY AND CAPITAL RESOURCES

WORKING CAPITAL
                                                  December 31,     September 30,
                                                     2010             2010
                                                   --------         --------
                                                 (unaudited)        (audited)

     Current Assets                                $  6,289         $     --
     Current Liabilities                            206,044          186,503
     Working Capital Deficiency                    $199,755         $186,503


Our working  capital  deficiency  decreased  because of our  inability  to raise
additional capital thus requiring funding through related party loans.

CASH FLOWS

                                                           Three Months Ended
                                                              December 31,
                                                          2010           2009
                                                        --------       --------
Net cash provided by (used in) operating activities     $(22,660)      $ (7,521)
Net cash provided by (used in) investing activities           --             --
Net cash provided by (used in) financing activities       22,660          7,521
                                                        --------       --------
Cash at end of period                                   $     --       $     --
                                                        ========       ========

CASH FLOW USED IN OPERATING ACTIVITIES

Our cash used in operating  activities  for the three months ended  December 31,
2010  compared to our cash used in  operating  activities  for the three  months
ended December 31, 2009 increased by 201%.  This change was due to the increased
activity resulting from the share purchase agreement.

CASH FLOW USED IN INVESTING ACTIVITIES

Our cash used in investing  activities  for the three months ended  December 31,
2010  compared to our cash used in  investing  activities  for the three  months
ended December 31, 2009 did not change.

                                       10
<PAGE>
CASH FLOW USED IN FINANCING ACTIVITIES

Our cash used in financing  activities  for the three months ended  December 31,
2010 compared to our cash used in financing  activities for the six months ended
December  31,  2009  increased  by 201%.  This  change  was  largely  due to our
continuing use of related party loans to fund the company.

GOING CONCERN

Due  to  our  being  a  development  stage  company  and  not  having  generated
substantial  revenues,  in their report on our financial statements for the year
ended  September 30, 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  December  31,  2010 have
incurred  losses of $490,955  since our inception.  Because of these  historical
losses,  we will  require  additional  working  capital to develop our  business
operations.  We  intend  to raise  additional  working  capital  through  equity
financing,  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  equity  financing  and/or  bank
financing necessary to support our working capital  requirements.  To the extent
that funds  generated  from  operations  and any equity  financing  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.

FUTURE FINANCINGS

There is no assurance  we will  receive the  required  financing to complete our
business  strategies.  Even if we are  successful  in raising  proceeds  from an
offering we have no assurance  that future  financing will be available to us on
acceptable terms. If financing is not available on satisfactory terms, we may be
unable to  continue,  develop  or expand  our  operations.  If we are  unable to
accomplish  raising  adequate  funds  then  any it  would  be  likely  that  any
investment made into our company would be lost in its entirety.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet  arrangements that have or are reasonably likely to
have a current or future effect on our financial condition, changes in financial
condition,  revenues or  expenses,  results of  operations,  liquidity,  capital
expenditures or capital resources that are material to stockholders.

SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

The accompanying financial statements are presented in United States dollars and
are prepared in accordance with accounting  principles generally accepted in the
United States ("US GAAP").

                                       11
<PAGE>
DEVELOPMENT STAGE COMPANY

The Company is considered to be in the development stage.

USE OF ESTIMATES AND ASSUMPTIONS

The  preparation  of financial  statements in  conformity  with US GAAP requires
management to make estimates and assumptions that affect the reported amounts of
assets and  liabilities  and disclosure of contingent  assets and liabilities at
the date of the financial  statements  and the reported  amounts of revenues and
expenses during the reporting period. The Company regularly  evaluates estimates
and  assumptions.  The Company bases its estimates  and  assumptions  on current
facts,  historical  experience  and various other factors that it believes to be
reasonable  under the  circumstances,  the  results  of which form the basis for
making  judgments  about the carrying  values of assets and  liabilities and the
accrual of costs and expenses that are not readily  apparent from other sources.
The  actual  results  experienced  by the  Company  may  differ  materially  and
adversely  from the  Company's  estimates.  To the  extent  there  are  material
differences  between the estimates  and the actual  results,  future  results of
operations will be affected. The most significant estimates with regard to these
financial statements relate to deferred income tax amounts,  rates and timing of
the reversal of income tax differences.

LOSS PER SHARE

Basic  loss per share is  computed  by  dividing  net loss  available  to common
shareholders by the weighted average number of outstanding  common shares during
the period. Diluted loss per share gives effect to all dilutive potential common
shares  outstanding  during the period.  Dilutive  loss per share  excludes  all
potential  common shares if their effect is  anti-dilutive.  Because the Company
does not have any  potentially  dilutive  securities,  diluted loss per share is
equal to basic loss per share.

FINANCIAL INSTRUMENTS

The fair value of the Company's  financial  instruments,  consisting of accounts
payable and due to related parties,  are estimated to be equal to their carrying
value. It is management's opinion that the Company is not exposed to significant
interest, currency or credit risks arising from these financial instruments.

INCOME TAXES

Deferred  income taxes are  provided  for tax effects of  temporary  differences
between the tax basis of asset and liabilities and their reported amounts in the
financial  statements.  The  Company  uses the  liability  method to account for
income taxes, which requires deferred taxes to be recorded at the statutory rate
expected to being in effect when the taxes are paid.  Valuation  allowances  are
provided  for a deferred tax asset when it is not more likely than not that such
asset will be realized.

Management  evaluates  tax  positions  taken  or  expected  to be taken in a tax
return.  The evaluation of a tax position  includes a determination of whether a
tax  position  should be  recognized  in the  financial  statements,  and such a
position  should only be  recognized if the Company  determines  that it is more
likely than not that the tax position will be sustained upon  examination by the
tax authorities,  based upon the technical merits of the position. For those tax
positions  that  should be  recognized,  the  measurement  of a tax  position is
determined  as being the largest  amount of benefit  that is greater  than fifty
percent likely of being realized upon ultimate settlement.

STOCK-BASED COMPENSATION

The Company  accounts  for stock based  compensation  arrangements  using a fair
value method and records such expense on a straight-line  basis over the vesting
period.

To date the Company has not adopted a stock  option plan and has not granted any
stock options.

                                       12
<PAGE>
RECENT ACCOUNTING PRONOUNCEMENTS

Recent  accounting  pronouncements  with future  effective  dates are either not
applicable or are not expected to be significant to the financial  statements of
the Company.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4T. CONTROLS AND PROCEDURES.

DISCLOSURE CONTROLS AND PROCEDURES

We maintain  "disclosure  controls and  procedures",  as that term is defined in
Rule 13a-15(e),  promulgated by the Securities and Exchange  Commission pursuant
to the  SECURITIES  EXCHANGE ACT OF 1934,  AS AMENDED.  Disclosure  controls and
procedures  mean  controls and  procedures  designed to ensure that  information
required to be disclosed in our  company's  reports  filed under the  SECURITIES
EXCHANGE ACT OF 1934, AS AMENDED is recorded, processed, summarized and reported
within the time periods  specified in the Securities  and Exchange  Commission's
rules and forms,  and that such  information is accumulated and  communicated to
our  management,  including  our principal  executive  and principal  accounting
officer to allow timely decisions regarding required disclosure.

As required by paragraph (b) of Rules 13a-15 under the  SECURITIES  EXCHANGE ACT
OF 1934, AS AMENDED,  our principal  executive and principal  financial  officer
evaluated our company's  disclosure controls and procedures as of the end of the
period covered by this quarterly  report on Form 10-Q. Based on this evaluation,
our principal executive and principal financial officer concluded that as of the
end of the period covered by this quarterly  report on Form 10-Q, our disclosure
controls and procedures were effective.

LIMITATIONS ON EFFECTIVENESS OF CONTROLS

Our principal executive and principal financial officer does not expect that our
disclosure  controls or our  internal  control  over  financial  reporting  will
prevent all errors and all fraud. A control system, no matter how well conceived
and operated,  can provide only  reasonable,  not absolute,  assurance  that the
objectives  of the  control  system  are met.  Further,  the design of a control
system  must  reflect  the fact that  there are  resource  constraints,  and the
benefits of controls must be considered relative to their costs.  Because of the
inherent  limitations  in all control  systems,  no  evaluation  of controls can
provide  absolute  assurance that all control issues and instances of fraud,  if
any, within our company have been detected.  These inherent  limitations include
the  realities  that  judgments  in  decision-making  can be  faulty,  and  that
breakdowns can occur because of a simple error or mistake.  Additional  controls
can be circumvented by the individual acts of some persons,  by collusion of two
or more people,  or by management  override of the  controls.  The design of any
system of  controls  also is based in part upon  certain  assumptions  about the
likelihood of future events,  and there can be no assurance that any design will
succeed in achieving  its stated goals under all  potential  future  conditions;
over time,  controls may become inadequate because of changes in conditions,  or
the degree of  compliance  with the  policies  or  procedures  may  deteriorate.
Because  of  the  inherent  limitations  in  a  cost-effective  control  system,
misstatements due to error or fraud may occur and not be detected.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

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

                                       13
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1A. RISK FACTORS.

RISKS ASSOCIATED WITH OUR COMPANY

BUSINESS  OPPORTUNITIES THAT WE BELIEVE ARE IN THE BEST INTERESTS OF OUR COMPANY
MAY BE SCARCE OR WE MAY BE  UNABLE  TO OBTAIN  THE ONES THAT WE WANT.  IF WE ARE
UNABLE TO OBTAIN A BUSINESS OPPORTUNITY THAT WE BELIEVE IS IN THE BEST INTERESTS
OF OUR COMPANY, WE MAY NEVER RECOMMENCE  OPERATIONS AND WILL GO OUT OF BUSINESS.
IF WE GO OUT OF BUSINESS,  INVESTORS  WILL LOSE THEIR ENTIRE  INVESTMENT  IN OUR
COMPANY.

We are, and will continue to be, an  insignificant  participant in the number of
companies seeking a suitable  business  opportunity or business  combination.  A
large  number of  established  and  well-financed  entities,  including  venture
capital firms, are actively seeking suitable business  opportunities or business
combinations which may also be desirable target candidates for us. Virtually all
such  entities  have  significantly   greater  financial  resources,   technical
expertise and managerial  capabilities  than we do. We are,  consequently,  at a
competitive  disadvantage in identifying  possible  business  opportunities  and
successfully  completing  a  business  combination.  We will also  compete  with
numerous other small public companies seeking suitable business opportunities or
business combinations. If we are unable to obtain a business opportunity that we
believe  is in the  best  interests  of our  company,  we may  never  recommence
operations and will go out of business. If we go out of business, investors will
lose their entire investment in our company.

THE  WORLDWIDE  ECONOMIC  UNCERTAINTY  MAY  REDUCE  OUR  ABILITY  TO OBTAIN  THE
FINANCING NECESSARY TO CONTINUE OUR BUSINESS AND MAY REDUCE THE NUMBER OF VIABLE
BUSINESSES  THAT WE MAY WISH TO  ACQUIRE.  IF WE CANNOT  RAISE THE FUNDS THAT WE
NEED OR FIND A SUITABLE  BUSINESS  TO ACQUIRE,  WE WILL GO OUT OF  BUSINESS  AND
INVESTORS WILL LOSE THEIR ENTIRE INVESTMENT IN OUR COMPANY.

Since  2008,  there  has  been an  uncertainty  in  general  worldwide  economic
conditions  due to many factors,  including the effects of the subprime  lending
and general credit market crises,  slower economic activity,  decreased consumer
confidence,  reduced corporate  profits and capital  spending,  adverse business
conditions,  increased  unemployment and liquidity concerns. In addition,  these
economic  effects,  including the resulting  recession in various  countries and
slowing  of  the  global   economy,   will  likely  result  in  fewer   business
opportunities as companies face increased financial hardship.  Tightening credit
and liquidity issues will also result in increased  difficulties for our company
to raise capital for our continued operations. We may not be able to raise money
through the sale of our equity securities or through borrowing funds on terms we
find  acceptable.  If we cannot  raise the funds that we need or find a suitable
product or  business  to acquire,  we will go out of  business.  If we go out of
business, investors will lose their entire investment in our company.

WE HAVE HAD NEGATIVE CASH FLOWS FROM OPERATIONS AND IF WE ARE NOT ABLE TO OBTAIN
FURTHER FINANCING, OUR BUSINESS OPERATIONS MAY FAIL.

We had cash in the amount of $nil and a working  capital  deficit of $199,755 as
of December 30, 2010. We anticipate  that we will require  additional  financing
while we are seeking a suitable  business  opportunity or business  combination.
Further,  we  anticipate  that we will not have  sufficient  capital to fund our
ongoing  operations  for  the  next  12  months.  We may be  required  to  raise
additional   financing  for  a  particular  business   combination  or  business
opportunity. We would likely satisfy our cash needs through equity financing.

There  can be no  assurance  that,  if  required,  any  such  financing  will be
available upon terms and  conditions  acceptable to us, if at all. Our inability
to obtain  additional  financing  in a sufficient  amount when needed,  and upon
terms and conditions acceptable to us, could have a material adverse effect upon
our company.  We will require  further funds to finance the  development  of any
business opportunity that we acquire.  There can be no assurance that such funds
will be available or available on terms  satisfactory to us. If additional funds
are raised by issuing equity securities,  further dilution to existing or future
shareholders  is likely to  result.  If  adequate  funds  are not  available  on
acceptable  terms  when  needed,  we may be  required  to delay,  scale  back or
eliminate the development of any business opportunity that we acquire.

                                       14
<PAGE>
Inadequate  funding could also impair our ability to compete in the marketplace,
which may result in the dissolution of our company.

A DECLINE IN THE PRICE OF OUR COMMON  SHARES  COULD  AFFECT OUR ABILITY TO RAISE
FURTHER WORKING CAPITAL AND ADVERSELY IMPACT OUR OPERATIONS.  IF WE CANNOT RAISE
THE FUNDS THAT WE REQUIRE,  WE WILL GO OUT OF BUSINESS AND  INVESTORS  WILL LOSE
THEIR ENTIRE INVESTMENT IN OUR COMPANY.

A  prolonged  decline  in the  price of our  common  shares  could  result  in a
reduction in the  liquidity of our common  shares and a reduction in our ability
to raise capital.  Because our operations have been primarily  financed  through
the sale of equity securities, a decline in the price of our common shares could
be especially  detrimental  to our liquidity and our continued  operations.  Any
reduction in our ability to raise equity capital in the future would force us to
reallocate  funds from other planned uses and would have a significant  negative
effect on our business  plans and  operations,  including our ability to develop
new products and continue our current  operations.  If our stock price declines,
we may not be able to raise additional capital or generate funds from operations
sufficient to meet our obligations.

WE HAVE A LIMITED  OPERATING  HISTORY AND IF WE ARE NOT SUCCESSFUL IN CONTINUING
TO GROW OUR  BUSINESS,  THEN WE MAY HAVE TO SCALE BACK OR EVEN CEASE OUR ONGOING
BUSINESS OPERATIONS.

We have a  limited  operating  history  on  which to base an  evaluation  of our
business and prospects.  Our prospects must be considered in light of the risks,
uncertainties,  expenses and  difficulties  frequently  encountered by companies
seeking to acquire or establish a new business opportunity.  Some of these risks
and  uncertainties  relate to our ability to  identify,  secure and  complete an
acquisition of a suitable business opportunity.

We cannot be sure  that we will be  successful  in  addressing  these  risks and
uncertainties and our failure to do so could have a materially adverse effect on
our financial condition.  In addition,  our operating results are dependent to a
large degree upon factors  outside of our control.  There are no assurances that
we will be  successful  in  addressing  these  risks,  and  failure to do so may
adversely affect our business.

It is unlikely that we will generate any or significant revenues while we seek a
suitable business opportunity. Our short and long-term prospects depend upon our
ability to select and secure a suitable business opportunity. In order for us to
make a profit, we will need to successfully  acquire a new business  opportunity
in order to  generate  revenues  in an  amount  sufficient  to cover any and all
future costs and expenses in connection with any such business opportunity. Even
if we become  profitable,  we may not  sustain  or  increase  our  profits  on a
quarterly or annual basis in the future.

We will, in all likelihood,  sustain  operating  expenses without  corresponding
revenues,  at least  until we  complete  a  business  combination  or  acquire a
business  opportunity.  This may result in our company incurring a net operating
loss which will increase  continuously until we complete a business  combination
or acquire a business  opportunity  that can generate  revenues that result in a
net  profit  to us.  There is no  assurance  that we will  identify  a  suitable
business opportunity or complete a business combination.

                                       15
<PAGE>
WE HAVE NO AGREEMENT FOR BUSINESS  COMBINATION OR OTHER  TRANSACTION AND WE HAVE
NO  STANDARDS  FOR  BUSINESS  COMBINATIONS.  WE MAY NEVER  ENTER INTO A BUSINESS
COMBINATION OR MAY ENTER INTO AN UNSUCCESSFUL  BUSINESS  COMBINATION,  EITHER OF
WHICH WOULD LIKELY CAUSE US TO GO OUT OF BUSINESS AND OUR  INVESTORS TO LOSE ALL
OF THEIR INVESTMENT IN OUR COMPANY.

We have no arrangement,  agreement, or understanding with respect to acquiring a
business  opportunity  or  engaging in a business  combination  with any private
entity.  There  can be no  assurance  that we  will  successfully  identify  and
evaluate  suitable  business  opportunities or conclude a business  combination.
There is no assurance  that we will be able to negotiate  the  acquisition  of a
business opportunity or a business combination on terms favorable to us. We have
not established a specific  length of operating  history or a specified level of
earnings,  assets,  net worth or other  criteria  which we will require a target
business opportunity to have achieved, and without which we would not consider a
business combination in any form with such business opportunity. Accordingly, we
may enter into a business  combination  with a  business  opportunity  having no
significant  operating  history,  losses,  limited or no potential for earnings,
limited assets,  negative net worth or other negative  characteristics.  We many
never enter into a business combination or we may enter into an unsuccessful on,
either of which would likely cause us to go out of business and our investors to
lose all of their investment in our company.

RISKS ASSOCIATED WITH OUR COMMON SHARES

TRADING ON THE OTC  BULLETIN  BOARD MAY BE VOLATILE  AND  SPORADIC,  WHICH COULD
DEPRESS  THE MARKET  PRICE OF OUR COMMON  SHARES AND MAKE IT  DIFFICULT  FOR OUR
SHAREHOLDERS TO RESELL THEIR SHARES.

Our common shares are quoted on the OTC Bulletin  Board service of the Financial
Industry  Regulatory  Authority  (FINRA).  Trading  in stock  quoted  on the OTC
Bulletin Board is often thin and  characterized by wide  fluctuations in trading
prices due to many  factors  that may have little to do with our  operations  or
business prospects. This volatility could depress the market price of our common
shares  for  reasons  unrelated  to  operating  performance.  Moreover,  the OTC
Bulletin  Board is not a stock  exchange,  and trading of  securities on the OTC
Bulletin Board is often more sporadic than the trading of securities listed on a
stock exchange like NASDAQ.  Accordingly,  our  shareholders may have difficulty
reselling any of their shares.

OUR STOCK IS A PENNY STOCK.  TRADING OF OUR STOCK MAY BE RESTRICTED BY THE SEC'S
PENNY STOCK REGULATIONS AND FINRA'S SALES PRACTICE REQUIREMENTS, WHICH MAY LIMIT
A STOCKHOLDER'S ABILITY TO BUY AND SELL OUR STOCK.

Our stock is a penny stock.  The Securities and Exchange  Commission has adopted
Rule 15g-9 which generally  defines "penny stock" to be any equity security that
has a market price (as defined)  less than $5.00 per share or an exercise  price
of less than $5.00 per share, subject to certain exceptions.  Our securities are
covered  by the penny  stock  rules;  which  impose  additional  sales  practice
requirements  on  broker-dealers  who sell to  persons  other  than  established
customers and "accredited  investors".  The term  "accredited  investor"  refers
generally to  institutions  with assets in excess of $5,000,000  or  individuals
with a net worth in excess of $1,000,000 or annual income exceeding  $200,000 or
$300,000   jointly  with  their   spouse.   The  penny  stock  rules  require  a
broker-dealer, prior to a transaction in a penny stock not otherwise exempt from
the rules, to deliver a standardized risk disclosure document in a form prepared
by the SEC which  provides  information  about  penny  stocks and the nature and
level of risks in the penny stock market.  The  broker-dealer  also must provide
the customer  with  current bid and offer  quotations  for the penny stock,  the
compensation  of the  broker-dealer  and its  salesperson in the transaction and
monthly account  statements showing the market value of each penny stock held in
the customer's account. The bid and offer quotations,  and the broker-dealer and
salesperson compensation information, must be given to the customer orally or in
writing prior to effecting the  transaction and must be given to the customer in
writing before or with the customer's confirmation. In addition, the penny stock
rules require that prior to a transaction in a penny stock not otherwise  exempt
from these rules; the  broker-dealer  must make a special written  determination
that the penny stock is a suitable  investment for the purchaser and receive the
purchaser's written agreement to the transaction.  These disclosure requirements
may have the effect of reducing the level of trading  activity in the  secondary
market for the stock that is subject to these penny stock  rules.  Consequently,
these penny stock  rules may affect the ability of  broker-dealers  to trade our
securities.  We believe that the penny stock rules discourage  investor interest
in, and limit the marketability of, our common shares.

                                       16
<PAGE>
FINRA'S SALES PRACTICE  REQUIREMENTS  MAY ALSO LIMIT A STOCKHOLDER'S  ABILITY TO
BUY AND SELL OUR STOCK.

In  addition  to the "penny  stock"  rules  promulgated  by the  Securities  and
Exchange  Commission  (see above for a discussion of penny stock  rules),  FINRA
rules require that in recommending an investment to a customer,  a broker-dealer
must have  reasonable  grounds for believing that the investment is suitable for
that customer.  Prior to recommending speculative low priced securities to their
non-institutional  customers,  broker-dealers  must make  reasonable  efforts to
obtain information about the customer's financial status, tax status, investment
objectives and other  information.  Under  interpretations of these rules, FINRA
believes that there is a high probability that speculative low priced securities
will not be suitable for at least some  customers.  FINRA  requirements  make it
more  difficult for  broker-dealers  to recommend  that their  customers buy our
common  shares,  which may limit your ability to buy and sell our stock and have
an adverse effect on the market for our shares.

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

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. (REMOVED AND RESERVED).

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS

(2)      PLAN  OF  ACQUISITION,  REORGANIZATION,   ARRANGEMENT,  LIQUIDATION  OR
         SUCCESSION

2.1      Share Exchange Agreement, dated December 23, 2010 by and among Netfone,
         Inc.,  Orange  Capital  Corp.  and  ITP  Oil & Gas  International  S.A.
         (incorporated  by reference to our current  report on Form 8-K filed on
         December 30, 2010)

(3)      ARTICLES OF INCORPORATION AND BYLAWS

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

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

(10)     MATERIAL CONTRACTS

10.1     Share Exchange Agreement, dated December 23, 2010 by and among Netfone,
         Inc.,  Orange  Capital  Corp.  and  ITP  Oil & Gas  International  S.A.
         (incorporated  by reference to our current  report on Form 8-K filed on
         December 30, 2010)

(31)     SECTION 302 CERTIFICATIONS

31.1*    Section 302 Certification of Charles El-Moussa

(32)     SECTION 906 CERTIFICATIONS

32.1*    Section 906 Certification of Charles El-Moussa

----------
*    Filed herewith.

                                       17
<PAGE>
                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

NETFONE, INC.


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

Date: February 14, 2011

                                       18