UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549  FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2008[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACTFor the transition period from _________________ to _________________Commission file number 333-144207Dialpoint Communications Corporation(Exact name of small business issuer as specified in its charter)Nevada20-4799741(State or jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)767 Village Manor PlaceSuwanee, Georgia 30024(Address of principal executive offices)(904)-239-4973(Issuer's telephone number)(Former name, former address and former fiscal year, if changed since last report) 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 l2, 13 or 15(d) of the Exchange Act after the 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: Common Stock, 56,163,708 shares issued and outstanding as of March 31, 2008. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes [ ] No [ X ] Transitional Small Business Disclosure Format (Check one): Yes [  ] No [X]  1      DIALPOINT COMMUNICATIONS CORPORATION TABLE OF CONTENTS Item 1. Financial Statements. 3 Item 2. Management's Discussion and Plan of Operation. 15 Going Concern 15 Overview 15 Revenue 16 Cost of Revenue 18 Liquidity and Capital Resources 19 Off-Balance Sheet Arrangements 22 Commitments 22 Critical Accounting Policies 23 Nature of Business 23 Use of Estimates 23 Dividends 23 Comprehensive Income 23 Cash and Cash Equivalents 23 Property and Equipment 23 Income Taxes 23 Impairment of Long-Lived Assets 23 Accounting Basis 24 Stock-based compensation. 24 Recent Accounting Pronouncements 24 Revenue Recognition 24 Item 3. Quantitative and Qualitative Disclosures About Market Risk 24 Item 4. Controls and Procedures 24 Management's Annual Report on Internal Control over Financial Reporting 25 Item 1. Legal Proceedings 25 Item 1A. Risk Factors 25 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25 Item 3. Defaults Upon Senior Securities. 25 Item 4. Submission of Matters to a Vote of Security Holders. 26 Item 5. Other Information. 26 Item 6. Exhibits. 26    2        PART I  FINANCIAL INFORMATION   Item 1. Financial Statements.  3         DIALPOINT COMMUNICATIONS CORPORATION    FINANCIAL STATEMENTS    March 31, 2008                            4     TABLE OF CONTENTS    Balance Sheet......1   Statement of Operations.....2   Statement of Stockholders Equity .... ....3   Statement of Cash Flows ...4   Notes to the Financial Statements.......5                    5     DIALPOINT COMMUNICATIONS CORPORATIONBalance SheetsASSETSMarch 31,December 31,20082007(unaudited)CURRENT ASSETSCash$9,844$18,300Accounts receivable1,292-Total Current Assets11,13618,300EQUIPMENT, net205,338113,121TOTAL ASSETS$216,474$131,421LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT LIABILITIESAccounts payable$2,287$350Current portion of notes payable14,74814,748Accrued interest payable10,2548,424Related party payable3,9003,900Total Current Liabilities31,18927,422LONG-TERM LIABILITIESNotes payable107,268107,268TOTAL LIABILITIES138,457134,690STOCKHOLDERS' EQUITY (DEFICIT)Common stock: $0.001 par value; 75,000,000 sharesauthorized; 14,040,927 and 13,599,750 sharesissued and outstanding, respectively14,04113,600Additional paid-in capital162,33450,275Deficit accumulated during development stage(98,358)(67,144)Total Stockholders' Equity (Deficit)78,017(3,269)TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY (DEFICIT)$216,474$131,421  6     The accompanying notes are an integral part of these financial statements.    DIALPOINT COMMUNICATIONS CORPORATIONStatements of Operations(unaudited)For the ThreeFor the ThreeMonths EndedMonths EndedMarch 31,March 31,20082007REVENUES$42,507$-COST OF SALES23,305-GROSS PROFIT19,202-OPERATING EXPENSESGeneral and administrative36,2961,052Depreciation expense12,7837,020Total Operating Expenses49,0798,072LOSS FROM OPERATIONS(29,877)(8,072)OTHER EXPENSESInterest expense(1,830)(2,108)Total Other Expenses(1,830)(2,108)NET LOSS BEFORE INCOME TAXES(31,707)(10,180)INCOME TAX EXPENSE--NET LOSS$(31,707)$(10,180)BASIC LOSS PER SHARE$(0.00)$(0.00)WEIGHTED AVERAGE NUMBEROF SHARES OUTSTANDING52,460,60652,200,000  7     The accompanying notes are an integral part of these financial statements   DIALPOINT COMMUNICATIONS CORPORATIONStatements of Stockholders' Equity (Deficit)(unaudited)DeficitAccumulatedTotalAdditionalDuring theStockholders'Common StockPaid-InDevelopmentEquitySharesAmountCapitalStage(Deficit)Balance, December 31, 200652,200, 000$52,200$(34,800)$(17,800)$(400)Common stock issued forcash at $0.025 per share2,199,0002,20052,275-54,975Stock offering costs paid--(8,500)-(8,500)Net loss for the year endedDecember 31, 2007---(49,344)(49,344)Balance, December 31, 200754,399,00054,4009,475(67,144)(3,269)Contributed capital--7,500-7,500Common stock issued forassets at $0.13 per share431,37243254,568-55,000Common stock issued forassets at $0.15 per share1, 333,3361,33248,668-50,000Net loss for the three monthsended March 31, 2008---(31,214)(31,214)Balance, March 31, 200856,163,708$56,164$120,211$(98,358)$78,017  8     The accompanying notes are an integral part of these financial statements.   DIALPOINT COMMUNICATIONS CORPORATIONStatements of Cash Flows(unaudited)For the ThreeFor the ThreeMonths EndedMonths EndedMarch 31,March 31,20082007OPERATING ACTIVITIESNet loss$(31,214)$(10,180)Adjustments to Reconcile Net Loss to NetCash Used by Operating Activities:Depreciation expense12,7837,020Changes in operating assets and liabilities:Changes in accounts payable1,9372,708Changes in interest payable1,830-Changes in accounts receivable(1,292)900Net Cash Used in Operating Activities(15,956)448INVESTING ACTIVITIESPurchase of fixed assets--Net Cash Used by Investing Activities--FINANCING ACTIVITIESContributed capital7,500-Proceeds from issuance of common stock--Net Cash Provided by Financing Activities7,500-NET DECREASE IN CASH(8,456)448  9     CASH AT BEGINNING OF PERIOD18,300-CASH AT END OF PERIOD$9,844$448SUPPLIMENTAL DISCLOSURES OFCASH FLOW INFORMATIONCASH PAID FOR:Interest$-$-Income Taxes$-$-NON CASH FINANCING ACTIVITIES:Equipment purchased for note payable$-$140,400Equipment purchased for common stock105,000-The accompanying notes are an integral part of these financial statements.   10    DIALPOINT COMMUNICATIONS CORPORATION Notes to the Financial Statements  NOTE 1 - CONDENSED FINANCIAL STATEMENTS  The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2008 and for all periods presented have been made.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2007 audited financial statements.  The results of operations for the period ended March 31, 2008 and 2007 are not necessarily indicative of the operating results for the full years.  NOTE 2 - GOING CONCERN  The Company's financial statements are prepared using accounting principles   generally   accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern.  The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable.  If the Company is unable to obtain adequate capital, it could be forced to cease operations.  In order to continue as a going concern, the Company will need, among other things, additional capital resources.  Management's plans to obtain such resources for the Company include (1) obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses, and (2) seeking out and completing a merger with an existing operating company. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.  The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.           11     NOTE 3  EQUITY TRANSACTIONS  On March 13th 2008 the Company completed a 4shares for 1 forward stock split. The accompanying financial statements reflect the forward stock split on a retroactive basis.  On January 3, 2008, the Company entered into an Asset Purchase Agreement with Mr. Timothy Flavin ("Hostigation") to purchase substantially all of the assets of Hostigation.Com. The assets acquired consist of computer hardware and software. As part of the transaction, at closing Hostigation and its principal shareholder, Timothy Flavin, entered into non-competition agreements The Company is using the Hostigation assets for purposes of developing the Companys Collocation and Web Hosting business.  In consideration for the Hostigation assets, at closing the Company issued 1,333,336 shares of its common stock equal to $50,000 divided by the opening price of a share of the Company's common stock on January 3, 2008.  On January 18 2008 the Company acquired the assets of Brians Computer Service for 431,372 shares of its Restricted Common Stock for a value of $55,000. The assets acquired consist of computer hardware and software.       12    Item 2. Management's Discussion and Plan of Operation. This section must be read in conjunction with the unaudited Financial Statements included in this report. A. Managements Discussion  You should read the following discussion together with our consolidated financial statements and the related notes and other financial information included elsewhere in this report. The discussion in this report contains forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions. The cautionary statements made in this report should be read as applying to all related forward-looking statements wherever they appear in this report. Our actual results could differ materially from those discussed here. In this report, Dialpoint Communications Corporation and its subsidiaries are referred to as we, the Company or DialPoint.  Going Concern The financial statements included in this report were prepared in conformity with generally accepted accounting principle, which contemplate continuation of the Company as a going concern.  However, the Company has accumulated deficit of $98,358 as of March 31, 2008.  As of that date we had limited liquidity, and had not completed our efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.  We do believe that at or before the start of the third quarter of 2008 we may be able to generate sufficient revenue so as to sustain operations but there can be no assurance that we are correct. Management anticipates that the Company might be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.  Overview We provide managed IP-based communications services to our target customers of small businesses with 5 to 249 employees in second-tier or so-called second city markets. A retail market is generally considered secondary or tertiary if there are fewer than 1 million people in the metropolitan statistical area (MSA). Today many suggest that a population as little as 500,000 may constitute a second tier city. ( February 2007 Property & Portfolio Research Publication).  We provide these services through bundled packages of local and long distance voice services and broadband Internet services, together with additional applications and services, for an affordable fixed monthly fee under contracts with terms of 12-36 months. We are capable of proffering our services nation-wide and to customers throughout the United States including Hawaii and Alaska.  We currently have customers in the following states: 1. North Carolina 2. South Carolina 3. Florida 4. Georgia 5. Nevada 6. Oklahoma 7. California We operate our business primarily out of our facilities in Jacksonville, Florida.  We sell integrated packages of services, primarily delineated by the number of local voice lines, long distance minutes and T-1 connections provided to the customer. Each of our Service packages includes local and long distance voice services and broadband Internet access, plus additional value-added applications. Customers may also choose to add extra features or lines for additional fee(s). Our voice services are delivered using VoIP technology, and all of such services are delivered over our secure all-IP network, which we believe affords greater service flexibility and significantly lower network costs than traditional service providers using circuit-switch technologies.. We believe our high degree of systems automation contributes to operational efficiencies and lower costs in our support functions. We sell our services primarily through outside sales agents and internet marketing campaigns, direct mailers print ads, etc. Our agents do not work for us directly.  They are compensated by a percentage of the revenues we derive from the customers they refer to us.  Sometimes these agents have business relationships with these customers and,  13    in many cases; they may perform equipment installations for us at our customers sites. Some of our new customers are generated by referrals from existing customers and partners. We offer financial incentives to our customers and other sources for referrals. We compete primarily against incumbent local exchange carriers and, to a lesser extent, against competitive local exchange carriers, both of which are local telephone companies. Local telephone companies do not necessarily focus on our target markets. Moreover, we believe that they concentrate on medium or large enterprises or residential customers. Cable television providers have begun serving the small business markets with telephone service, in addition to high speed Internet access and video. To date, we have not experienced significant competition from cable television providers and do not believe that they intend to offer the breadth of services and applications that our customers purchase from us. We compete primarily based on the caliber of our customer service.  We offer many of the same services to our customers that are available to large business enterprises.  We strive to maintain the integrity of our network and its reliability and operational efficiencies. We formed Dialpoint in April of 2006. We tended to corporate formation matters and corporate governance issues initially.  Beginning in 2007 we focused on preparing for and planning the implementation of our business.  As a consequence we did not generate significant revenue as we had not yet initiated the substantive execution of our business.  We began to take on customers in the last quarter of 2007.  As of the date of this filing we have in place the technological infrastructure and resources to focus on generating revenues. We proffer our customers telecommunications services.  We require significantly less capital to launch and maintain operations compared to traditional communications companies using legacy technologies.  Our capital expenditures in any given geographical market a correlate with our success in generating revenues in that market. As our customer base grows we expect to invest in or allocate additional capital to that market by establishing a satellite facility or customer care center in that market if necessary. We believe that such a model for growth and its effect on our prospective capital expenditures mitigates the risk of unprofitable expansion. We expect to benefit from a low fixed-cost in our budgeted capital expenditures associated with each new market we might enter, particularly in comparison to service providers employing time-division multiplexing. Time-Division Multiplexing (TDM) is a type of digital or (rarely) analog multiplexing in which two or more signals or bit streams are transferred apparently simultaneously as sub-channels in one communication channel, but physically are taking turns on the channel. The time domain is divided into several recurrent timeslots of fixed length, one for each sub-channel. A sample, byte or data block of sub-channel 1 is transmitted during timeslot 1, sub-channel 2 during timeslot 2, etc. One TDM frame consists of one timeslot per sub-channel. After the last sub-channel the cycle starts all over again with a new frame, starting with the second sample, byte or data block from sub-channel 1, etc.  This is a technique for transmitting multiple channels of separate data, voice and/or video signals simultaneously over a single communication medium, or circuit-switch technology, which is a switch that establishes a dedicated circuit for the entire duration of a call.  The capital expenditures associated with the implementation of this technology would be cost-prohibitive to us at this point. The nature of the primary components of our operating resultsrevenues, cost of revenue and selling, general and administrative expensesare described below:  Revenue Quarter EndingYear EndingMarch 31, 2008December 31, 2007December 31, 2006REVENUES$42,507$240$-  For the ThreeFor the ThreeMonths EndedMonths EndedMarch 31,March 31,20082007REVENUES$42,507$-COST OF SALES23,305-  14     GROSS PROFIT19,202-OPERATING EXPENSESGeneral and administrative36,2961,052Depreciation expense12,7837,020Total Operating Expenses49,0798,072LOSS FROM OPERATIONS(29,877)(8,072)OTHER EXPENSESInterest expense(1,830)(2,108)Total Other Expenses(1,830)(2,108)NET LOSS BEFORE INCOME TAXES(31,707)(10,180)INCOME TAX EXPENSE--NET LOSS$(31,707)$(10,180)BASIC LOSS PER SHARE$(0.00)$(0.00)WEIGHTED AVERAGE NUMBEROF SHARES OUTSTANDING52,460,60652,200,000  During the first quarter of 2008 we generated $42,507 in revenue For the year ended December 31, 2007 we did not generate substantive revenue.  On or about January 9, 2008 we acquired Hostigation, sole proprietorship owned and controlled by Timothy Flavin.  Concurrent with that date we filed a current report on form 8-K disclosing said acquisition.  We characterized the transaction as an asset purchase acquiring all of the assets of the business.  With this acquisition we inherited approximately 600 customers generating monthly recurring revenue  These figures are un-audited but represent our best assessment of the results of operations for the period(s) indicated.  The majority of our customers subscribe to a package, which serves customers with 4-15 local voice lines, for business enterprises with 20 or fewer employees. A smaller segment of our clientele require 16-24 local voice lines, and employ 20-50 personnel. Though we have the service capacity, we do not yet services business customers with greater than 100 employees. Our customers receive all our services over a dedicated broadband T-1 connection providing a maximum symmetric bandwidth of 1.5 Mbps (megabits per second). When necessary we can afford our customers services over two or three dedicated T-1 connections offering a maximum symmetric bandwidth of 3.0 Mbps or 4.5 Mbps respectively. We believe that our customers highly value the level of symmetric bandwidth offered by our services. As of March 31, 2008, approximately 99% of our customer base had Webhosting Service We do not have sufficient data so as to formulate meaningful average monthly revenue per customer metrics for the quarter ended March 31, 2008.  We are fairly certain that for the third quarter of 2008 we will secure reasonably consistent revenue so as assess any trends in the data.  15    We believe that average monthly revenue per customer location is likely to be impacted by a number of factors, including: 1. The distribution of customer installations during a period; 2. The adoption by customers of applications for which incremental fees are paid; 3. The trend toward customers executing longer term contracts at lower package prices as compared to shorter term contracts; 4. The amount of long distance call volumes that may generate overage charges above the basic amount of minutes included in customers packages 5. Additional terminating access charges; and 6. Customer usage and purchase patterns. We expect average monthly revenue per customer and customer location to trend to relatively stable levels in future periods. Customer revenues are generated under contracts that typically run for 12 month terms. Therefore, customer churn rates will likely impact projected future revenue streams. Deteriorating economic conditions might adversely affect our revenue growth in the near or short term.  In response to deteriorating economic conditions, we hope to mitigate the risk of heightened churn and bad debt levels on a longer term basis. The steps we might take include tightening credit and collection policies and practices for customers with a higher risk profile.  Cost of Revenue Our cost of revenue represents costs directly related to the operation of our network, including payments to the local telephone companies and other communications carriers such as long distance providers and our mobile provider, for access, interconnection and transport fees for voice and Internet traffic, customer circuit installation expenses paid to the local telephone companies, fees paid to third-party providers of certain applications such as web hosting services, collocation rents and other facility costs, telecommunications-related taxes and fees, and the cost of mobile handsets. The primary component of cost of revenue is the access fees paid to local telephone companies for the T-1 circuits we lease on a monthly basis to provide connectivity to our customers. These access circuits link our customers to our network equipment located in a collocation facility, which we lease from local telephone companies. The access fees for these circuits vary by state and are the primary reason for differences in cost of revenue across our markets. As a result of the TRRO (See page 22) we are required to lease circuits under special access, or retail, rates in locations that are deemed to offer competitive facilities as outlined in the FCCs regulations and interpreted by the state regulatory agencies. For additional discussion, see Results of OperationsRevenue and Cost of Revenue. Where permitted by regulation, we lease our access circuits on a wholesale basis as UNE loops or extended enhanced loops as provided for under the FCCs Telecommunications Elemental Long Run Incremental Cost rate structure. We employ UNE loops when the customers T-1 circuit is located where it can be connected to a local telephone companys central office where we have a collocation, and we use extended enhanced links when we do not have a central office collocation available to serve a customers T-1 circuit. Historically, approximately half of our circuits are provisioned using a combination of UNE and Special Access loops and half using extended enhanced links, although the impact of the TRRO has reduced our usage of the T-1 transport portion of extended enhanced links and resulted in the conversion of a majority of the previously installed T-1 transports to DS-3 transports. Our monthly expenses are significantly less when using UNE loops rather than extended enhanced links, but UNE loops require us to incur the capital expenditures of central office collocation equipment. Both UNE loops and extended enhanced loops offer significant cost advantages over special access-based circuits. We install central office collocation equipment in those central offices having the densest concentration of small businesses. We usually launch operations in a new market with several collocations and add additional collocation facilities over time as we confirm the most advantageous locations in which to deploy the equipment. We believe our discipline of leasing these T-1 access circuits on a wholesale basis rather than on the basis of special access rates from the local telephone companies is an important component of our operating cost structure. We receive service credits from various local telephone companies to adjust for prior errors in billing, including the effect of price decreases retroactively applied upon the adoption of new rates as mandated by regulatory bodies. These service credits are often the result of negotiated resolutions of bill disputes that we conduct with our vendors. We also receive payments from the local telephone companies in the form of performance penalties that are assessed by state regulatory commissions based on the local telephone companies performance in the delivery of circuits and other services that we use in our network. Because of the many factors, as noted, that impact the amount and timing of service credits and performance penalties, estimating the ultimate outcome of these situations is uncertain. Accordingly, we recognize service credits and performance penalties as offsets to cost of revenue when the ultimate  16    resolution and amount are known. These items do not follow any predictable trends and often result in variances when comparing the amounts received over multiple periods. Selling, General and Administrative Expenses Selling, general and administrative expenses include salaries and ancillary costs for human resources and other expenses related to marketing, technical support, IT, invoicing, regulatory compliance, administrative, collections services, legal and accounting functions. Our selling, general and administrative expenses include both fixed and variable costs. Fixed selling expenses include salaries and lease expenses. Variable selling costs consist primarily of commissions and marketing compensatory arrangements. Fixed general and administrative costs include the cost of staffing certain corporate managerial functions such as IT, marketing, administrative, invoicing, engineering, and related costs, such as lease expenses, legal and accounting fees and recruiting costs. Variable general and administrative costs include the cost of provisioning and customer activation staff, which grows with the level of installation of new customers, and the cost of customer care and technical support staff, which grows with the level of total customers on our network. As we expand into new markets, certain fixed costs are likely to increase; however, these increases are intermittent and not proportional with the growth of customers.  Interest Income. For the quarter ended March 31, 2008 we had no substantive interest income.  Interest Expense. Interest expense relates primarily to the financing arrangement we have in place for our soft switches.  From InceptionFrom InceptionFor theFor theon April 20,on April 20,Quarter EndedYear Ended2006 Through2006 ThroughMarch 31,December 31,December 31,December 31,2008200720062007Interest expense(1,830)(8,424)-(8,424)    Liquidity and Capital Resources   Overview . We commenced operations in late 2007. Prior to that, we funded our operations primarily through a contribution of capital by a founder. We have yet to record positive cash flow from operating activities. During the fiscal year ended December 31, 2006, the Company issued 13,050,000 shares of its common stock for cash valued at $17,400.  The shares were issued at $0.003 per share. During the fiscal year ended December 31, 2007, the Company issued 549,750 shares of its common stock for cash $54,975.  The shares were issued at $0.10 per share. On March 13th 2008 the Company completed a 4shares for 1 forward stock split. The accompanying financial statements reflect the forward stock split on a retroactive basis.  On January 3, 2008, the Company entered into an Asset Purchase Agreement with Mr. Timothy Flavin ("Hostigation") to purchase substantially all of the assets of Hostigation.Com. The assets acquired consist of computer hardware and software. As part of the transaction, at closing Hostigation and its principal shareholder, Timothy Flavin, entered into non-competition agreements The Company is using the Hostigation assets for purposes of developing the Companys Collocation and Web Hosting business.  In consideration for the Hostigation assets, at closing the Company issued 1,333,336 shares of its common stock equal to $50,000 divided by the opening price of a share of the Company's common stock on January 3, 2008.   17    On January 18 2008 the Company acquired the assets of Brians Computer Service for 431,372 shares of its Restricted Common Stock for a value of $55,000. The assets acquired consist of computer hardware and software.   DIALPOINT COMMUNICATIONS CORPORATIONStatements of Stockholders' Equity (Deficit)(unaudited)DeficitAccumulatedTotalAdditionalDuring theStockholders'Common StockPaid-InDevelopmentEquitySharesAmountCapitalStage(Deficit)Balance, December 31, 200652,200, 000$52,200$(34,800)$(17,800)$(400)Common stock issued forcash at $0.025 per share2,199,0002,20052,275-54,975Stock offering costs paid--(8,500)-(8,500)Net loss for the year endedDecember 31, 2007---(49,344)(49,344)Balance, December 31, 200754,399,00054,4009,475(67,144)(3,269)Contributed capital--7,500-7,500Common stock issued forassets at $0.13 per share431,37243254,568-55,000Common stock issued forassets at $0.15 per share1, 333,3361,33248,668-50,000Net loss for the three monthsended March 31, 2008---(31,214)(31,214)Balance, March 31, 200856,163,708$56,164$120,211$(98,358)$78,017 Cash Flows From Operations. As of the years end for 2007 we had not yet generated substantive cash flows from operations.  We had a deficit of $49,344 for the year ending December 31, 2007 and an inception to year-end of December 31, 2007 deficit of $67,144. Subsequent to our acquisition of Hostigation we began to generate operational cash flow.  For the first quarter of March 31, 2008 we generated $42,500 in revenue compared to no revenue for the similar period last year.   18    Cash Flows From Investing Activities. Our principal cash investments are historically for purchases of equipment and for purchases of marketable securities. Cash purchases of equipment primarily include network capital expenditures such as integrated access devices, T-1 aggregation routers, trunking gateway routers, soft-switches, other network routers, associated growth expenditures related to these items, diagnostic and test equipment, certain collocation and data center build-out expenditures and equipment installation costs and non-network capital expenditures, such as the cost of software licenses and implementation costs associated with our operational support systems as well as our financial and administrative systems, servers and other equipment needed to support our software packages, personal computers, internal communications equipment, furniture and fixtures and leasehold improvements to our office space. Our capital expenditures result from growth in customers in existing and future prospective markets, network additions needed to support our entry into new markets, and enhancements and development costs related to our operational support systems in order to offer additional applications and services to our customers. We expect that future capital expenditures will continue to be concentrated in these areas. We believe that capital efficiency is a key advantage of the IP-based network technology that we employ.  We may periodically invest excess cash balances in the marketable securities of highly-rated commercial paper and money market funds though at present no substantive activity of this nature has transpired. Cash Flows From Financing Activities. Cash flows provided from financing activities was negligible for the quarter ending March 31, 2008.  We believe that cash on hand plus cash generated from operating activities will be sufficient to fund capital expenditures, operating expenses and other cash requirements associated with our present market expansion plan.  Our business plan assumes that cash flow from operating activities of our mature markets will offset the negative cash flow from operating activities and cash flow from financing activities with respect to the additional markets we plan to launch. This offset is lilely to begin in the third quarter of 2008.  We intend to adhere to our policy of fully funding all future market expansions in advance and do not anticipate entering markets without having more than sufficient cash on hand or borrowing capacity to cover projected cash needs.  For the ThreeFor the ThreeMonths EndedMonths EndedMarch 31,March 31,20082007OPERATING ACTIVITIESNet loss$(31,214)$(10,180)Adjustments to Reconcile Net Loss to NetCash Used by Operating Activities:Depreciation expense12,7837,020Changes in operating assets and liabilities:Changes in accounts payable1,9372,708Changes in interest payable1,830-Changes in accounts receivable(1,292)900Net Cash Used in Operating Activities(15,956)448INVESTING ACTIVITIESPurchase of fixed assets--Net Cash Used by Investing Activities--FINANCING ACTIVITIES  19     Contributed capital7,500-Proceeds from issuance of common stock--Net Cash Provided by Financing Activities7,500-NET DECREASE IN CASH(8,456)448CASH AT BEGINNING OF PERIOD18,300-CASH AT END OF PERIOD$9,844$448SUPPLIMENTAL DISCLOSURES OFCASH FLOW INFORMATIONCASH PAID FOR:Interest$-$-Income Taxes$-$-NON CASH FINANCING ACTIVITIES:Equipment purchased for note payable$-$140,400Equipment purchased for common stock105,000-   Non-Cash Financing Activities The principal component of our non-cash financing activities includes the purchase of a soft switch financed with a note payable for $140,000 in 2007.  Off-Balance Sheet Arrangements We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, results of operations, liquidity, capital expenditures or capital resources.  Commitments On December 26, 2006, the Company purchased certain telecommunication equipment for a note payable of $140,400. $10,000 is due on March 31, 2007. The balance is due in 5 equal annual payments of $30,956. The note is secured by the equipment and accrues interest at 6% per annum. Future maturities of the note payable are as follows:  2008 $   14,748 2009 24,520 2010 25,992 2011 27,551 2012 29,205  Total $ 122,016   Critical Accounting Policies   Nature of Business Dialpoint Communications Corporation (DCC or the Company) was incorporated in the state of Nevada, and is a developmental stage company that is engaged in the business of the development of technology related to the  20    broadcast of voice communications over the Internet (Internet Telephone) and the servicing of web-based information transmission needs of end users.   Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.   Dividends The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.   Comprehensive Income The Company has no component of other comprehensive income. Accordingly, net income equals comprehensive income for first quarter of 2008.   Cash and Cash Equivalents For purposes of the Statement of Cash Flows, the Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.   Property and Equipment Property and equipment are stated at cost.  Depreciation is provided using the straight-line method over the useful lives of the related assets. Expenditures for maintenance and repairs are charged to expense as incurred.   Income Taxes The Company provides for income taxes under Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes. SFAS No. 109 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. The Companys predecessor operated as entity exempt from Federal and State income taxes.   Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.   Accounting Basis The basis is accounting principles generally accepted in the United States of America.  The Company has adopted a December 31 fiscal year-end.   Stock-based compensation. As of March 31, 2008, the Company has not issued any share-based payments to its employees.    21    Recent Accounting Pronouncements  In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements, which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. SFAS No. 157 does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. This statement is effective for us beginning January 1, 2008. The Company is currently assessing the potential impact that adoption of SFAS No. 157 would have on the financial statements. In February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities. SFAS No. 159 gives the irrevocable option to carry many financial assets and liabilities at fair values, with changes in fair value recognized in earnings. SFAS No. 159 is effective beginning January 1, 2008, although early adoption is permitted. The Company is currently assessing the potential impact that adoption of SFAS No. 159 will have on the financial statements. The FASB has revised SFAS No. 141.  This revised statement establishes uniform treatment for all acquisitions.  It defines the acquiring company.  The statement further requires an acquirer to recognize the assets acquired, the liabilities assumed, and any non-controlling interest in the acquired at the acquisition date, measured at their fair market values as of that date.  It requires the acquirer in a business combination achieved in stages to recognize the identifiable assets and liabilities, as well as the non-controlling interest in the acquired, at the full amounts of their fair values. This changes the way that minority interest is recorded and modified as a parents interest in a subsidiary changes over time.  This statement also makes corresponding significant amendments to other standards that related to business combinations, namely, 109, 142 and various EITFs.  This statement applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008.  The Company believes the implementation of this standard will have no effect on our financial statements.  Revenue Recognition The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.  Item 3. Quantitative and Qualitative Disclosures About Market Risk All of our financial instruments that are sensitive to market risk are entered into for purposes other than trading. Our primary market risk exposure is related to what nominal investments we may make in marketable securities. To the extent that we might engage in such activity, we would place our marketable securities investments in instruments that meet high credit quality standards as specified in our investment policy guidelines. At December 31, 2007, we had no funds so allocated and, accordingly, had no financial instruments sensitive to market risk for fluctuations in interest rates.  Item 4. Controls and Procedures Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are sufficiently effective.  Management's Annual Report on Internal Control over Financial Reporting Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. With the participation of our Chief Executive Officer and Chief Financial Officer, management conducted an evaluation of the effectiveness of our internal control over financial reporting as March 31, 2008 based on the Internal Control  Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2008. There were no changes in our internal control over financial reporting during the quarter ended March 31, 2008 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.  22    Our independent registered public accounting firm, Moore & Associates, Chartered, has audited and reported on our consolidated financial statements but has not reviewed or audited the effectiveness of our internal control(s) over financial reporting.    PART II  OTHER INFORMATION   Item 1. Legal Proceedings   From time to time, we may be involved in legal proceedings arising in the ordinary course of our business such as collections actions for non-payment when or if our customers fail to pay us accordingly. But as of March 31, 2008 and as of the date of this filing, there is no litigation pending that could have a material adverse effect on our results of operations and financial condition.   Item 1A. Risk Factors There are no material changes from risk factors as previously disclosed in the registrant's Form 10-K.   Item 2. Unregistered Sales of Equity Securities and Use of Proceeds  (a) Furnish the information required by Item 701 of Regulation S-K (17 CFR 229.701) as to all equity securities of the registrant sold by the registrant during the period covered by the report that were not registered under the Securities Act. If the Item 701 information previously has been included in a Current Report on Form 8-K (17 CFR 249.308), however, it need not be furnished.  On January 3, 2008, the Company entered into an Asset Purchase Agreement with Mr. Timothy Flavin ("Hostigation") to purchase substantially all of the assets of Hostigation.Com. The assets acquired consist of computer hardware and software. As part of the transaction, at closing Hostigation and its principal shareholder, Timothy Flavin, entered into non-competition agreements The Company is using the Hostigation assets for purposes of developing the Companys Collocation and Web Hosting business.  In consideration for the Hostigation assets, at closing the Company issued 1,333,336 shares of its common stock equal to $50,000 divided by the opening price of a share of the Company's common stock on January 3, 2008.  On January 18 2008 the Company acquired the assets of Brians Computer Service for 431,372 shares of its Restricted Common Stock for a value of $55,000. The assets acquired consist of computer hardware and software.    Item 3. Defaults Upon Senior Securities.  There have not been any material default(s) in the payment of principal, interest, a sinking or purchase fund installment, or any other material default not otherwise cured within 30 days, with respect to any of our indebtedness or Hostigation exceeding 5 percent of our total assets.     23    Item 4. Submission of Matters to a Vote of Security Holders.  No matters have been submitted to a vote of security holders during the period covered by this report, through the solicitation of proxies or otherwise.   Item 5. Other Information.  (a) The registrant must disclose under this item any information required to be disclosed in a report on Form 8-K during the period covered by this Form 10-Q, but not reported, whether or not otherwise required by this Form 10-Q.  If disclosure of such information is made under this item, it need not be repeated in a report on Form 8-K which would otherwise be required to be filed with respect to such information or in a subsequent report on Form 10-Q; and  Furnish the information required by Item 407(c)(3) of Regulation S-K (§229.407 of this chapter).   On January 17, 2008, Dialpoint Communications Corporation (the "Company") entered into an Asset Purchase Agreement (the "Agreement") with Brians Computer Center ("Brians") to purchase substantially all of the assets of Brians Computer Center. The Agreement contains customary representations, warranties and covenants. The assets to be acquired upon closing of the transaction, anticipated to occur in January, 2008, principally consist of computer hardware and software, internet domain names, repair facilities, contract rights and goodwill. As part of the transaction, at closing Brians and its principal shareholder, Gualberto Falcon, will enter into non-competition agreements The Company intends to use the Hostigation assets for purposes of developing the companys Distribution and Service business.  In consideration for the Brians assets, at closing the Company will issue 107,843 shares of its common stock equal to $55,000 divided by the last closing  price of a share of the Company's common stock on January 17, 2008 (107,843 shares).   Item 6. Exhibits.  (a) Exhibits required by Item 601 of Regulation S-B Exhibit NumberName and/or Identification of Exhibit3.Articles of Incorporation & By-Laws  24     (a)
Articles of Incorporation of Dialpoint Communications Corporation filed on April 6, 2006, incorporated by reference to the Registration Statement on Form SB-2, as amended, filed with the SEC on June 27, 2007.
(b)
Bylaws of Dialpoint Communications Corporation adopted on April 27, 2006, incorporated by reference to the Registration Statement on Form SB-2, as amended, filed with the SEC on June 27, 2007.
(c)
Certificate of Articles of Incorporation of Dialpoint Communications Corporation, incorporated by reference from the Form SB-2, as amended, filed with the SEC on June 27, 2007.31.1Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act 0f 2002               25    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.  Dialpoint Communications Corporation(Registrant)SignatureTitleDate/s/ Billy RadfordPresident & CEO, DirectorMay 19, 2008Billy Radford/s/ Eileen CaseyTreasurer, DirectorMay 19, 2008Eileen Casey/s/ Eileen CaseyPrincipal Financial OfficerMay 19, 2008Eileen Casey/s/ Eileen CaseyPrincipal Accounting OfficerMay 19, 2008Eileen Casey      26