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

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

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

                                   FORM 10-QSB

                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

For the Quarter Period Ended
June 30, 2005                                        Commission File No. 0-18399

                                 SIRICOMM, INC.
               ---------------------------------------------------
               (Exact name of Company as specified in its Charter)

            Delaware                                      62-1386759
------------------------------                 ---------------------------------
  (State or jurisdiction of                    (IRS Employer Identification No.)
incorporation or organization)

2900 Davis Boulevard, Suite 130, Joplin, Missouri               64804
-------------------------------------------------             ----------
(Address of Principal Executive Office)                       (Zip Code)


Company's telephone number, including area code: (417) 626-9971

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

Indicate by check mark whether the Company (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for a shorter period that the Company was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.

                                 Yes [X] No [ ]


The number of shares outstanding of the Company's Common Stock, $.001 par value,
as of August 12, 2005 was 20,088,950

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

<PAGE>

                         PART I - FINANCIAL INFORMATION


Item 1:  Financial Statements


Condensed Consolidated Balance Sheets                                        3

Condensed Consolidated Statements of Operations for the nine
months ended June 30, 2005 and June 30, 2004                                 4

Condensed Consolidated Statements of Changes in Stockholders'
Equity for the nine months ended June 30, 2005 and 2004                      5

Condensed Consolidated Statements of Cash Flows for the nine
months ended June 30, 2005 and June 30, 2004                                 6

Notes to the Condensed Consolidated Financial Statements                     8

                                       2
<PAGE>
<TABLE>
<CAPTION>
                                                 SIRICOMM, INC.
                                      CONDENSED CONSOLIDATED BALANCE SHEETS

                                                                                            June 30,        September 30,
                                                                                              2005               2004
                                                                                         --------------     --------------
                                                                                           (Unaudited)
<S>                                                                                      <C>                <C>
                                     Assets

Current Assets
Cash                                                                                     $    1,317,762     $    1,019,616
Held to maturity investments                                                                    494,935                 --
Accounts receivable                                                                               2,228                 --
Prepaid expenses and other                                                                       26,250             16,563
                                                                                         --------------     --------------

Total current assets                                                                          1,841,175          1,036,179
                                                                                         --------------     --------------

Property and Equipment, At Cost
Equipment                                                                                     2,301,898            111,818
Network equipment in progress of installation                                                   255,299            646,000
                                                                                         --------------     --------------

                                                                                              2,557,197            757,818
Less accumulated depreciation                                                                   295,006             62,032
                                                                                         --------------     --------------

                                                                                              2,262,191            695,786
                                                                                         --------------     --------------

Software, net of amortization                                                                    73,935             19,934

Other prepaid consulting services                                                             2,346,192                 --
                                                                                         --------------     --------------

Total assets                                                                             $    6,523,493     $    1,751,899
                                                                                         ==============     ==============


                                              Liabilities and Stockholders' Equity

Current Liabilities
Note payable to bank                                                                     $      429,264     $      122,000
Current maturities of  long-term debt                                                                 -             25,000
Accounts payable                                                                                141,405             50,816
Accrued salaries                                                                                197,358            269,125
Other accrued expenses                                                                          175,794             45,928
Deferred revenue                                                                                 27,360                 --
Dividends payable                                                                                32,013             16,006
                                                                                         --------------     --------------

Total current liabilities                                                                     1,003,194            528,875
                                                                                         --------------     --------------

Total liabilities                                                                             1,003,194            528,875
                                                                                         --------------     --------------

Stockholders' Equity
Preferred stock - Series A par value $.001; 500,000 shares authorized; 213,417
    shares issued and outstanding; dividend rate of $0.025 per share per quarter
    commencing March 2004; liquidation preference of $1 per outstanding
    share cash payment                                                                              213                213
Common stock - par value $.001; 50,000,000 shares authorized; 20,793,950 -
    June 30, 2005, 16,255,650-September 30, 2004, issued and outstanding                         20,070             16,252
Additional paid-in capital                                                                   15,301,395          8,629,596
Deferred compensation                                                                          (631,176)          (722,016)
Retained deficit                                                                             (9,170,203)        (6,701,021)
                                                                                         --------------     --------------

Total stockholders' equity                                                                    5,520,299          1,223,024
                                                                                         --------------     --------------

Total liabilities and stockholders' equity                                               $    6,523,493     $    1,751,899
                                                                                         ==============     ==============

See Notes to Condensed Consolidated Financial Statements

                                                               3
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                             SIRICOMM, INC.
                                            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                              (Unaudited)

                                                        June 30, 2005                                June 30, 2004
                                             -------------------------------------         -------------------------------------
                                             3 months ended         9 months ended         3 months ended         9 months ended
                                             --------------         --------------         --------------         --------------
                                               (Unaudited)            (Unaudited)            (Unaudited)            (Unaudited)
<S>                                          <C>                    <C>                    <C>                    <C>
Revenues                                     $       55,686         $       89,134         $            -         $            -

Operating Expenses:
General and administrative                          591,337                927,654                916,468              1,625,487
Salaries                                            278,295                847,445                209,120                428,854
Satellite access fees                               195,615                486,244                      -                      -
Stock-based compensation                                  -                      -                      -                 50,000
Research and development                             12,740                 37,520                (15,200)                14,270
Depreciation and amortization                       114,681                236,747                  5,177                 15,107
                                             --------------         --------------         --------------         --------------

Total operating expenses                          1,192,668              2,535,610              1,115,565              2,133,718
                                             --------------         --------------         --------------         --------------

Operating loss                                   (1,136,982)            (2,446,476)            (1,115,565)            (2,133,718)
                                             --------------         --------------         --------------         --------------

Other Income (Expense)
Interest income                                       5,801                 11,397                  1,299                  2,871
Other income                                              -                      -                 37,205                 37,223
Interest expense                                     (8,831)               (18,097)                (5,189)               (23,869)
Loan costs                                                -                      -                (19,891)              (205,154)
                                             --------------         --------------         --------------         --------------

                                                     (3,030)                (6,700)                13,424               (188,929)
                                             --------------         --------------         --------------         --------------

Net loss                                     $   (1,140,012)        $   (2,453,176)        $   (1,102,141)        $   (2,322,647)
                                             --------------         --------------         --------------         --------------


Net loss per share, basic and diluted               $ (0.06)               $ (0.14)               $ (0.07)               $ (0.16)
                                             --------------         --------------         --------------         --------------

Weighted average shares,
basic and diluted                                19,661,956             17,841,314             16,019,569             14,170,317
                                             ==============         ==============         ==============         ==============



See Notes to Condensed Consolidated Financial Statements

                                                               4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                         SIRICOMM, INC.
                                    CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                                                         (Unaudited)



                                                                        Additional    Deferred
                                   Preferred Stock      Common Stock      Paid-in      Compen-  Accumulated  Treasury
                                    Shares  Amount   Shares     Amount    Capital      sation      Deficit     Stock       Total
                                   -------  -----  ----------  -------  -----------  ---------  -----------  ---------  -----------
<S>                                <C>      <C>    <C>         <C>      <C>          <C>        <C>          <C>        <C>
For the nine months ended
June 30, 2004

Balance, September 30, 2003              -  $   -  12,966,593  $12,967  $ 3,847,485  $       -  $(3,906,608) $(458,838) $  (504,994)

Conversion of debt to equity       213,417    213     426,592      426      642,759                                         643,398
Stock issued for loan costs                             9,593       10       13,670                                          13,680
Stock issued for services                             570,000      570    1,306,610   (722,016)                             585,164
Stock warrants- exercised                             176,000      176       87,824                                          88,000
Stock options issued for
services                                                                    137,000                                         137,000
Stock options exercised                                20,000       20       19,980                                          20,000
Proceeds from stock
issuance                                            2,253,143    2,253    2,943,436                                       2,945,689
Issuance of options to
employees, net                                                               50,000                                          50,000
Treasury stock retired                               (195,250)    (195)    (458,643)                           458,838            -
Net loss for the period                                                                          (2,322,647)             (2,322,647)
                                   -------  -----  ----------  -------  -----------  ---------  -----------  ---------  -----------
Balance, June 30, 2004             213,417  $ 213  16,226,671  $16,227  $ 8,590,121  $(722,016) $(6,229,255) $       -  $ 1,655,290
                                   =======  =====  ==========  =======  ===========  =========  ===========  =========  ===========


For the nine months ended
June 30, 2005

Balance, September 30, 2004        213,417  $ 213  16,255,650  $16,252  $ 8,629,596  $(722,016) $(6,701,021) $       -  $ 1,223,024

Stock warrants issued for services                                          600,000   (210,000)                             390,000
Stock warrants exercised                               95,000       95      179,905                                         180,000
Stock options exercised                                26,800       27       26,773                                          26,800
Stock options issued for services                                            91,800                                          91,800
Stock issued for services                           2,043,000    2,043    3,269,937                                       3,271,980
Vesting of deferred compensation                                                       300,840                              300,840
Proceeds from issuance of warrants                                           56,666                                          56,666
Net proceeds from issuance of
  common stock                                      1,653,500    1,653    2,446,718                                       2,448,371
Accrued dividends                                                                                   (16,006)                (16,006)
Net Loss                                                                                         (2,453,176)             (2,453,176)
                                   -------  -----  ----------  -------  -----------  ---------  -----------  ---------  -----------
Balance, June 30, 2005             213,417  $ 213  20,073,950  $20,070  $15,301,395  $(631,176) $(9,170,203) $       -  $ 5,520,299
                                   =======  =====  ==========  =======  ===========  =========  ===========  =========  ===========


                                           See Notes to Condensed Consolidated Financial Statements.

                                                                       5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                 SIRICOMM, INC.
                                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                                        Nine months ended
                                                                                             June 30,
                                                                                    2005                  2004
                                                                                --------------       --------------
                                                                                 (Unaudited)           (Unaudited)
<S>                                                                             <C>                  <C>
Operating Activities
Net loss                                                                        $   (2,453,176)      $   (2,322,647)
Items not requiring cash
Depreciation                                                                           236,747               15,107
Loan costs                                                                                   -              179,154
Stock-based compensation for services                                                   57,915              806,872
Stock-based compensation to employees                                                        -               50,000
Deferred compensation                                                                  300,840                    -
Other non-cash charges                                                                 261,198                1,373
Changes in assets and liabilities:
Current assets                                                                          (7,325)            (141,175)
Accounts payable                                                                       104,654                8,629
Accrued expenses                                                                        58,099              (53,069)
Deferred revenues                                                                       27,360                    -
                                                                                --------------       --------------

Net cash flows used in operating activities                                         (1,413,688)          (1,455,756)
                                                                                --------------       --------------

Investing Activities
Purchase of held to maturity investments                                              (494,935)                   -
Purchase of furniture and equipment                                                   (787,333)             (27,311)
                                                                                --------------       --------------

Net cash flows used in investing activities                                         (1,282,268)             (27,311)
                                                                                --------------       --------------

Financing Activities
Borrowings under line of credit, net                                                   307,264                    -
Payment of notes payable                                                               (25,000)            (226,640)
Proceeds from exercise of stock options and warrants                                    36,800                    -
Proceeds from issuance of warrants                                                      56,666                    -
Proceeds from sale of common stock                                                   2,618,372            3,053,689
                                                                                --------------       --------------

Net cash flows provided by financing activities                                      2,994,102            2,827,049
                                                                                --------------       --------------

Increase in Cash                                                                       298,146            1,343,982
Cash and Cash Equivalents, beginning of period                                       1,019,616               56,300
                                                                                --------------       --------------

Cash and Cash Equivalents, end of period                                        $    1,317,762       $    1,400,282
                                                                                ==============       ==============


See Notes to Condensed Consolidated Financial Statements

                                                               6
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

Supplemental Cash Flows Information:
<S>                                                                             <C>                  <C>
Interest paid                                                                   $       19,785       $       11,385

Stock and warrants issued in exchange for services and equipment                $    3,871,980       $      574,624

Stock options issued in exchange for prepaid consulting services                $       91,800       $            -

Accrued dividends for Series A preferred stock                                  $       16,006       $            -

Shares of common stock issued for loan costs                                    $            -       $       13,680

Conversion of debt to equity                                                    $            -       $      642,026

See Notes to Condensed Consolidated Financial Statements

                                                               7
</TABLE>
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


1.   Nature of operations and summary of significant accounting policies:

     Nature of Operations:

     SiriCOMM, Inc., a Delaware corporation (the "Company"), through its wholly
     owned subsidiary of the same name, which was incorporated in the State of
     Missouri on April 24, 2000, has developed broadband wireless application
     service technologies intended for use in the marine and transportation
     industries. The Company opened its network in December, 2004 for commercial
     operation and has commenced selling its InTouch(TM) Internet Service to
     individual subscribers.

     The Company was considered to be in the development stage during its recent
     reporting period ending September 30, 2004. Since September 30, 2004, the
     Company has commenced revenue producing operations and continues to market
     its service technologies, including satellite communications, wireless
     networking, and productivity enhancing software.

     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 and disclosures of contingent assets and
     liabilities at the date of the financial statements and the reported
     amounts of revenues and expenses during the reporting period. Actual
     results could differ from those estimates.

     Interim Information:Basis of Presentation

     The accompanying unaudited condensed consolidated financial statements
     reflect all adjustments that are in the opinion of the Company's
     management, necessary to fairly present the financial position, results of
     operations and cash flows of the Company. Those adjustments consist only of
     normal recurring adjustments.

     The condensed balance sheet of the Company as of September 30, 2004 has
     been derived from the audited consolidated balance sheet of the Company as
     of that date. Certain information and note disclosures normally included in
     the Company's annual financial statements prepared in accordance with
     accounting principles generally accepted in the United States of America
     have been condensed or omitted. These condensed consolidated financial
     statements should be read in conjunction with the consolidated financial
     statements and notes thereto included in the Company's Form 10-KSB annual
     report for fiscal year ended September 31, 2004 filed with the Securities
     and Exchange Commission.

     The results of operations for the period are not necessarily indicative of
     the results to be expected for the full year.

                                       8
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


1.   Nature of operations and summary of significant accounting policies
     (continued):


     Securities:

     Investments for which the Company has the positive intent and ability to
     hold until maturity are classified as held to maturity and valued at
     historical cost, adjusted for amortization of premiums and accretion of
     discounts computed by the level-yield method.

     Realized gains and losses, based on the specifically identified cost of the
     security, are included in net income.

     Stock-based Compensation:

     The Company accounts for compensation costs associated with stock options
     issued to employees under the provisions of Accounting Principles Board
     Opinion No. 25 whereby compensation is recognized to the extent the market
     price of the underlying stock at the grant date exceeds the exercise price
     of the option granted. Stock-based compensation to non-employees is
     accounted for using the fair-value based method prescribed by Financial
     Accounting Standard No. 123 - Accounting for Stock-Based Compensation. The
     Company uses the trinomial options-pricing model to determine the fair
     value of stock-based compensation and capital contributions. The Company
     had used the Black-Scholes model during fiscal year 2004, but it has
     determined that the trinomial model is better suited to evaluate the
     variability of uncertain holding horizons.

     Had compensation cost for the Company's stock option plan been determined
     on the fair value at the grant dates for stock-based employee compensation
     arrangements consistent with the method required by SFAS 123, the Company's
     net loss and net loss per common share would have been the pro forma
     amounts indicated below.
<TABLE>
<CAPTION>
                                                            Nine Months Ended
                                                                 June 30,
                                                         2005                 2004
                                                    --------------      --------------
<S>                                                 <C>                 <C>
Net loss, as reported                               $   (2,453,176)     $   (2,322,647)
Add back intrinsic values of stock
  issued to employees                                           --              50,000
Less: stock-based employee compensation
  under the fair value based method                       (111,987)           (200,950)
                                                    --------------      --------------
Pro forma net loss under fair value method          $   (2,565,163)     $   (2,473,597)

Net loss per common share-basic and diluted:
  As reported                                       $        (0.14)     $        (0.16)
  Pro forma under fair value method                 $        (0.14)     $        (0.17)
</TABLE>
                                       9
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


1.   Nature of operations and summary of significant accounting policies
     (continued):

     Research and development costs:

     The Company incurs costs, associated with computer software to be marketed
     in the future. Costs incurred in connection with establishing technological
     feasibility have been expensed as research and development costs.

     Net loss per share:

     Net loss per share represents the net loss available to common stockholders
     divided by the weighted average number of common shares outstanding during
     the year. Diluted earnings per share reflect the potential dilution that
     could occur if convertible preferred stock was converted into common stock.
     Diluted net loss per share is considered to be the same as basic net loss
     per share since the effect of the issuance of common stock associated with
     the convertible stock is anti-dilutive.

     Reclassification

     Certain reclassifications have been made to the June 30, 2004 financial
     statements to conform to the June 30, 2005 financial statement
     presentation. These reclassifications had no effect on the Company's net
     losses.

2:  Investments

     Held-to-Maturity

        Maturities of held-to-maturity investments at June 30, 2005:

                                             Amortized          Approximate
                                                Cost             Fair Value
                                          --------------------------------------

           One year or less                   $494,935            $494,935


3.   Line of Credit:

     During 2004, the Company entered into a line of credit with Southwest
     Missouri Bank for the purchase of network infrastructure equipment up to a
     maximum of $1,000,000. This note is 80% guaranteed by the U.S. Department
     of Agriculture ("USDA") and is secured by the network equipment. This note
     is further personally guaranteed by the Company's majority shareholder. The
     note is a demand note, but if no demand is made then monthly payments of
     accrued interest at an initial rate of 5.5% on the USDA guaranteed portion
     and 7.0% on the unguaranteed portion plus monthly principal payments of
     $2,358. The note is amortized over 59 months beginning September 25, 2004
     with a final payment on August 25, 2009.

                                       10
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


4.   Stockholders' Equity:

     Pursuant to a contract between Pilot Travel Centers and the Company, in
     consideration for Pilot's permitting the Company to install its broadband
     wireless network in Pilot's 255 travel centers, the Company issued, upon
     completion of the installation and testing in October 2004, 255,000 Common
     Stock Purchase Warrants exercisable for five years, expiring on May 27,
     2009 at an exercise price of $4.50 per share. The transaction resulted in
     the Company recording $91,800 as a prepaid consulting service and
     additional paid-in capital. The prepaid asset is being amortized over the
     contract period which expires May 27, 2009.

     On October 18, 2004 and December 15, 2004, the Company's Chief Financial
     Officer and a Director, exercised 700 and 800 stock options, respectively,
     at $1.00 per share. The options were granted pursuant to the Company's 2002
     Equity Incentive Plan.

     On November 1, 2004, an employee of the Company exercised 7,500 stock
     options at $1.00 per share. The options were granted pursuant to the
     Company's 2002 Equity Incentive Plan.

     SiriCOMM, Inc. consummated the private placement of its units (the "Units")
     pursuant to a Confidential Investment Proposal dated October 11, 2004 and
     amended on December 20, 2004. Funds were disbursed from escrow to the
     Company as of January 3, 2005 and shares and warrant certificates were
     issued at that time. Each Unit consisted of 50,000 shares (the "Shares") of
     the Company's Common Stock and a Common Stock Warrant (the "Warrants") to
     purchase 37,500 shares of Common Stock. In the private placement, the
     Company sold an aggregate of 6.38 Units (319,000 Shares and Warrants to
     purchase 239,250 shares of Common Stock) for an aggregate purchase price of
     $638,000, or $100,000 per Unit.

     The Warrants entitle the holders to purchase shares of the Common Stock
     (the "Warrant Shares") for a period of five years from the date of issuance
     at an exercise price of $2.40 per share. The Warrants contain certain
     anti-dilution rights and are redeemable by the Company, on terms specified
     in the Warrants.

     In connection with the private placement, Sands Brothers International
     Limited, the placement agent, received a cash commission fee of nine (9%)
     of the gross proceeds to the Company, a payment of $30,000 representing the
     fees and expenses of its counsel in the private placement and Common Stock
     Purchase Warrants (the "Agent Warrants") to purchase ten percent (10%) of
     the Shares sold in the Private Placement (the "Agent Shares"). The Agent
     Warrants are exercisable for a period of five years at an exercise price of
     $2.40 per share and contain the same anti-dilution rights as the Warrants.

     As part of the private placement, the Company was required to file with the
     Securities and Exchange Commission a Registration Statement covering the
     Shares, the Warrant Shares and the Agent Shares, which became effective on
     May 5, 2005, within the allotted time frame as set forth in the offering
     materials.

     On January 5, 2005, the Company issued an aggregate of 85,000 shares of its
     Common Stock upon the exercise of a like number of warrants, exercisable at

                                       11
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


     $2.00 per share. The warrants were originally issued in January 2004
     pursuant to a private placement of the Company's units consisting of common
     stock and warrants.

     As an inducement to the investors exercising their warrants, the Company
     issued an aggregate of 63,750 new warrants to the investors. The new
     warrants entitle the holders to purchase shares of the Company's common
     stock reserved for issuance thereunder for a period of five years from the
     date of issuance at an exercise price of $2.40 per share. The warrants
     contain anti-dilution rights and are redeemable by the Company, in whole or
     in part, on terms specified in the warrants.

     As a further inducement to the investors exercising their warrants, the
     Company also agreed to file with the Securities and Exchange Commission a
     Registration Statement covering the shares purchased by each investor as
     part of the units, the shares issued upon exercise of the warrants and the
     shares underlying the new warrants. These shares were registered as part of
     the Company's filing of its Registration Statement on Form SB-2 which was
     declared effective May 5, 2005.

     On February 7, 2005 the Company entered into a Network Installation
     Agreement (the "Agreement") with Sat-Net Communications, Inc. ("Sat-Net").
     The term of the Agreement is for sixty (60) months commencing on February
     7, 2005. The Agreement will be automatically extended on a year-to-year
     basis upon expiration of the initial term unless terminated in writing by
     either party.

     During the term of the Agreement, Sat-Net will provide and install VSAT
     terminals at up to 400 truck-stop locations at a predetermined turnkey
     price.

     Pursuant to the Agreement, the Company issued to Sat-Net 2,000,000 shares
     of its Common Stock and 1,000,000 Common Stock Purchase Warrants (the
     "Sat-Net Warrants") exercisable for a period of three years at a price of
     $2.00 per share. The Sat-Net Warrants are subject to vesting at the rate of
     2,500 per truck-stop location installed; provided, however, that the
     vesting with respect to the first 250 locations will be deemed to occur
     when the wireless infrastructure is "network operational," as defined in
     the Agreement.

     In addition, the 2,000,000 shares of Common Stock have "piggy-back"
     registration rights. These shares were registered as part of the Company's
     filing of its Registration Statement on Form SB-2 which was declared
     effective May 5, 2005.

     On March 16, 2005, the Company issued an aggregate of 10,000 shares to the
     partners of the Company's Securities Counsel, Sommer & Schneider LLP. The
     shares were issued in lieu of $8,065.25 in unpaid invoices due the firm at
     the time and a $6,000 credit to cover the Company's April 2005 retainer
     with the firm. The shares were issued under the Company's 2002 Equity
     Incentive Plan.

                                       12
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


     On March 13, 2005, the Company's Board of Directors, at the recommendation
     of the Company's Chief Executive Officer, granted an aggregate of 102,500
     options to various Company employees exercisable at prices per share from
     $1.75 to $2.00. The shares were issued under the Company's 2002 Equity
     Incentive Plan.

     On April 11, 2005, SiriCOMM, Inc. consummated the private sale of its
     securities to Sunflower Capital, LLC ("Sunflower"). The securities sold
     consisted of units comprised of shares of common stock (the "Shares") and
     warrants to purchase shares of the Company's common stock. At the closing,
     the Company sold an aggregate of 1,066,667 units at an aggregate purchase
     price of $1,600,000 or $1.50 per unit. At the closing the Company delivered
     an aggregate of 1,066,667 Shares and 1,066,667 warrants to Sunflower. The
     warrants entitle the holder to purchase shares of the Company's common
     stock reserved for issuance thereunder (the "Warrant Shares") for a period
     of five years from the date of issuance at an exercise price of $2.50 per
     share. The warrants contain certain anti-dilution rights and are redeemable
     by the Company, in whole or in part, on terms specified in the warrants.

     In a separate transaction also consummated on April 11, 2005, the Company
     sold 413,605 additional warrants to Sunflower Capital, LLC at a purchase
     price of $53,333 or approximately $.13 per warrant. These warrants entitle
     the holder to purchase shares of the Company's common stock reserved for
     issuance thereunder for a period of five years from the date of issuance at
     an exercise price of $3.00 per share. These warrants contain certain
     anti-dilution rights and are redeemable by the Company, in whole or in
     part, on terms specified in these warrants.

     William P. Moore, a director and shareholder beneficially owning
     approximately 9.10% of the issued and outstanding shares of the Company's
     common stock is the managing member of Sunflower Capital, LLC.

     On April 13, 2005, the Company's Chief Financial Officer and a Director of
     the Company received 15,000 and 10,000 options exercisable at $1.90 per
     share. The shares were issued under the Company's 2002 Equity Incentive
     Plan and were registered on Form S-8 on April 14, 2003.

     The Company issued 10,000 shares of its common stock pursuant to the
     exercise of a stock option for a like number of shares in April 2005. The
     exercise price of these options was $1.00

     On June 16, 2005, the Company issued 2,500 stock options exercisable at
     $1.75 to Robert Myers in connection with his hiring by the Company as a
     Network Administrator II. The options were issued in accordance with the
     Company's 2002 Equity Incentive Plan.

     On June 28, 2005, the Company received funds from the private sale of its
     securities to ten (10) investors, including Sunflower Capital, LLC a
     limited liability company managed by William P. Moore, a director of the
     Company. The securities sold consisted of units comprised of shares of the
     Company's common stock (the "Shares") and warrants to purchase shares of
     the Company's common stock (the "Warrants"). At the closing, the Company
     sold an aggregate of 267,833 units at an aggregate purchase price of
     approximately $401,750 or $1.50 per unit. At the closing the Company
     delivered an aggregate of 267,833 Shares and delivered Warrants to purchase
     an additional 267,833 shares of the Company's common stock.

     The Warrants entitle the holder to purchase shares of the Company's common
     stock reserved for issuance thereunder (the "Warrant Shares") for a period

                                       13
<PAGE>

                                 SiriCOMM, Inc.
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                FOR THE NINE MONTHS ENDED JUNE 30, 2005 AND 2004
                                   (UNAUDITED)


     of five years from the date of issuance at an exercise price of $2.50 per
     share. The Warrants contain certain anti-dilution rights and are redeemable
     by the Company, in whole or in part, on terms specified in the Warrants.

5.   Commitments and Contingencies:

     Litigation:

     On December 17, 2004, certain officers and directors of the Company were
     named defendants in a lawsuit entitled Greg Sanders v. Henry Hoffman et al.
     Messrs. Hoffman, Dillman, Mendez and Iler are officers and directors of the
     Company, Mr. Thompson is a director of the Company and Mr. Noland is a
     former officer and director of the Company. The action alleges fraud,
     misrepresentation and breach of fiduciary duty relating to a settlement
     agreement entered into between the Company and Mr. Sanders. The complaint
     seeks damages in excess of $9,679,903. Although the Company was not named
     as a defendant, it will pay all expenses relating to the defense of this
     matter. In management's opinion this case is without merit and the
     defendants intend on defending this matter vigorously.


6.   Subsequent Events:

     On July 1, 2005 the Company entered into a Consulting Agreement with
     Interactive Resources Group, Inc. ("IRG"). The initial term of the
     Consulting Agreement expires on October 1, 2005 and is renewable upon the
     mutual consent of both parties. During the term of the Consulting
     Agreement, IRG shall provide corporate consulting services to the Company
     in connection with corporate finance relations, corporate financial
     services, mergers and acquisitions as well as introducing the Company to
     broker/dealers, investment analysts, funding sources and generally assist
     the Company in its efforts to enhance its visibility in the financial
     community.

     In consideration of the services to be performed by IRG on behalf of the
     Company, the Company issued 15,000 shares of its Common Stock and 20,000
     Common Stock Purchase Warrants to IRG. The warrants vest on August 30, 2005
     and are exercisable for four (4) years as follows:

                  10,000 shares at $2.50
                  5,000 shares at $3.00
                  5,000 shares at $4.00

                                       14
<PAGE>

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

Background

         The Company was incorporated as a Delaware corporation under the name
"Fountain Pharmaceuticals, Inc." (the "Company"), in April 1989. In
approximately November 2002, the shareholders of SiriCOMM, Inc., a
privately-held Missouri corporation, incorporated in 2000 ("SiriCOMM Missouri"),
exchanged all of the issued and outstanding common stock of SiriCOMM Missouri
for a controlling interest in the Company (the "Reverse Transaction"). As part
of the Reverse Transaction, all of the then officers and directors of the
Company resigned and were replaced by persons designated by SiriCOMM Missouri
and the name of the Company was changed from Fountain Pharmaceuticals, Inc. to
SiriCOMM, Inc. As a result of the Reverse Transaction, SiriCOMM Missouri became
a wholly-owned subsidiary of the Company and the prior shareholders of SiriCOMM
Missouri became the controlling shareholders, officers and directors of the
Company. The Company and SiriCOMM Missouri are hereinafter collectively referred
to as the "Company."

         The Company's corporate address is 2900 Davis Boulevard, Suite 130,
Joplin, Missouri 64804, its telephone number is 417-626-9971 and its fax number
is 417-782-0475.

         SiriCOMM Missouri was founded in 2000 to become a broadband wireless
application service provider to supply productivity and cost reduction software
applications to the commercial vehicle industry and other users whose
effectiveness "over-the-road" requires affordable driver connectivity and
vehicle-access software productivity tools.

         In April 2005, the Company began installing test sites pursuant to its
agreement with Pre-Pass which will ultimately enable the Company to install an
additional 260 sites. The Company began generating revenues through credit card
sales in early December 2004, but revenues to date are still not sufficient to
cover the Company's operating expenses. In June 2005, Pilot Travel Centers began
offering the Company's InTouch Service as a cash point of purchase item at the
cash registers at its 250 sites nationwide.

Critical Accounting Policies and Estimates:

         Our financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America. The
preparation of these financial statements requires us to make significant
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues, expenses and related disclosure of contingent assets and liabilities.
We evaluate our estimates, including those related to contingencies, on an
ongoing basis. We base our estimates on historical experience and on various
other assumptions that are believed to be reasonable under the circumstances,
the results of which form the basis for making judgments about the carrying
values of assets and liabilities that are not readily apparent from other
sources. Actual results may differ from these estimates under different
assumptions or conditions.

         We believe the following critical accounting policy, among others;
involve the more significant judgments and estimates used in the preparation of
our consolidated financial statements:

                                       15
<PAGE>

         The Company accounts for compensation costs associated with stock
options and warrants issued to non-employees using the fair-value based method
prescribed by Financial Accounting Standard No. 123 - Accounting for Stock-Based
Compensation. The Company uses the tri-nomial options-pricing model to determine
the fair value of these instruments as well as to determine the values of
options granted to certain lenders by the principal stockholder. The following
estimates are used for grants in 2005: Expected future volatility over the
expected lives of these instruments is estimated to mirror historical experience
of 75%; expected lives of 2 years is estimated based on management's judgment of
the time period by which these instruments will be exercised.

Information Relating To Forward-Looking Statements

         When used in this Report on Form 10-QSB, the words "may," "will,"
"expect," "anticipate," "continue," "estimate," "intend," "plans", and similar
expressions are intended to identify forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 regarding events, conditions and financial
trends which may affect the Company's future plans of operations, business
strategy, operating results and financial position. Such statements are not
guarantees of future performance and are subject to risks and uncertainties and
actual results may differ materially from those included within the
forward-looking statements as a result of various factors. Such factors include,
among others: (i) the Company's ability to obtain additional sources of capital
to fund continuing operations; in the event it is unable to timely generate
revenues (ii) the Company's ability to retain existing or obtain additional
licensees who will act as distributors of its products; (iii) the Company's
ability to obtain additional patent protection for its technology; and (iv)
other economic, competitive and governmental factors affecting the Company's
operations, market, products and services. Additional factors are described in
the Company's other public reports and filings with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made. The Company
undertakes no obligation to publicly release the result of any revision of these
forward-looking statements to reflect events or circumstances after the date
they are made or to reflect the occurrence of unanticipated events.

Plan of Operations

         SiriCOMM is engaged in the development of broadband wireless software
and network infrastructure solutions for the commercial transportation industry
and government market. The Company has a vertically integrated technology
platform incorporating both software applications and broadband network
infrastructure and access. The vertical-specific, enterprise-grade software
solutions are designed to help businesses of any size and the government to
significantly increase profitability, reduce operating costs, improve
productivity and operational efficiencies, enhance safety, and strengthen
security. The Company's unique, commercial-grade private network solution is
built for enterprises and integrates multiple technologies to enable an ultra
high-speed, open-architecture wireless data network for its software
applications and Internet access. The Company believes that its
vertical-specific software, network technology, deep industry relationships, and
low cost of operations represent significant value to the commercial
transportation industry and the government market.

                                       16
<PAGE>

         SiriCOMM's patent-pending network infrastructure solution provides
considerable benefits when compared to other solutions competing in the space.
The architecture transmits data at speeds of up to 48,000 kilobits per seconds
("kbps"), or 20 to 100 times faster than other wireless solutions such as GSM
(9.6 kbps), CDMA2000-1XRTT (144 kbps), or Qualcomm's USAT (2 kbps). SiriCOMM
will install network access nodes using Wireless Fidelity (Wi-Fi) access points
at strategic locations nationwide. Each wireless local area network is
interconnected using satellite communications and the Company's proprietary
server solution. The point-to-multipoint broadcast feature of the Company's
network provides considerable cost-to-bandwidth efficiencies. SiriCOMM's
software applications leverage this optimized data network to deliver
significant cost reduction and productivity improvement opportunities to
subscribing companies. For a flat, low monthly fee subscribers will have access
to a suite of productivity software, the Internet, e-mail, proprietary company
intranet information, and similar business tools. Users will connect to the
network using any 802.11-compatible device. For the most mobile subscribers,
SiriCOMM recommends a Wi-Fi-enabled Palm OS handheld computer. SiriCOMM's
solutions began to become commercially available during the second quarter of
the calendar year 2005.

         The Company markets its products and services principally through
assorted value added reseller agreements and a select small sales team. As the
trucking industry is highly fragmented and comprised of numerous small to
medium-sized fleet owners, it is impractical to individually reach these fleets,
thus, by using resellers who are similarly selling into this market, the Company
can better manage its cost of sales. Similarly, the Company's own salesforce can
better expend its efforts on the much larger fleets. SiriCOMM's continues to
concentrate its sales efforts on InTouch while installing additional hot spots
to increase its density of site installations across the country.

         The accompanying consolidated financial information includes the
accounts of SiriCOMM and its wholly-owned subsidiary, SiriCOMM-Missouri
incorporated under the laws of Delaware and Missouri respectively. All
intercompany accounts and transactions have been eliminated in consolidation.


Results of Operations for the Three Months Ended June 30, 2005 and 2004

Revenues

       SiriCOMM generated revenues of $55,686, for the three months ending June
30, 2005 while not generating any revenues during fiscal 2004. Revenues were
solely derived from the Company's offering of its InTouch Internet service. In
late June, Pilot Travel Centers introduced the Company's InTouch Service as a
cash point of purchase transaction at the registers to facilitate purchases. No
billings will be realized until July from these types of transactions.
Previously, the Company was limited to accepting only credit card purchases.
Limited advertising has been conducted to date and no assurances can be offered
that the Company will generate any meaningful revenues from the offering of the
InTouch service in the future.

                                       17
<PAGE>

Operating Expenses

Our operating expenses consist of product research and development costs,
general and administrative, selling, depreciation and amortization, as well as
amortization of long-term prepaid assets as compared to the same period in 2004.

During the three months ended June 30, 2005, net operating losses totaled
$1,136,982 as compared to net operating losses of $1,115,565, for the three
months ended June 30, 2004 .

The Company has increased its number of employees in accounting, software
development and customer service which have contributed to the increase in net
operating losses. These expenses were necessary to build the Company's
infrastructure, support the InTouch service and improve the Company's Corporate
Governance.

General and Administrative Expenses

Our General and Administrative expenses consist of corporate overhead costs,
administrative support, professional fees and amortization of prepaid consulting
fees.

For the three months ending June 30, 2005, SiriCOMM's general and administrative
expenses totaled $591,337 or 49.6% of total operating expenses, while for the
three months ended, June 30, 2004 general and administrative expenses totaled
$916,468 or 82.2% of total operating expenses.

$300,840 represents a non-cash vesting of consulting fees paid by the issuance
of stock granted in 2004. Accounting and legal fees accounted for $102,994 which
increased due to the Company's filing of a Registration Statement on Form SB-2.

Salaries

For the three months ending June 30, 2005, SiriCOMM incurred salaries of
$278,295, representing 23.3% of operating expenses, as compared to $209,120, or
18.7% , of total operating expenses for the three months ended June 30, 2004.

The Company has hired an additional nine employees including a Controller since
the same period ending June 30, 2004.

Satellite Access Fees

Satellite access fees have been incurred as a result of the Company launching
its proprietary network, expenses were realized for the three month period ended
June 30, 2005 of $195,615 or 16.4% of operating expenses. The non-cash component
of the satellite access fees for the three month period ending June 30, 2005 was
$126,009. The Company had not yet launched the network, thus no satellite access
fees had been incurred at the same period ending June 30, 2004.

                                       18
<PAGE>

Depreciation and Amortization

Depreciation and amortization expense was $114,681 for the three month period
ending June 30, 2005 as compared to $5,177 for the same period ending June 30,
2004. The increase is primarily due to the fact that the Company placed its
Wi-Fi network in service during 2005.

Interest Expense

For the three months ending June 30, 2005, interest expense was $8,831 as
compared to $5,189 during the three months ended June 30, 2004. The increase in
interest expense is attributable to the Company increasing its borrowing on its
equipment line to $429, 264 from $122,000 during the same period ending June 30,
2004.


Results of Operations  For the Nine Months Ended June 30, 2005 and 2004

Revenues

Revenues for the nine month period ended June 30, 2005 were $89,134 which were
derived exclusively from credit card sales of the Company's InTouch Internet
service. The Company had no revenues at this period ending June 30, 2004.

Operating Expenses

During the nine months ended June 30, 2005, net operating losses totaled
$2,446,746 as compared to net operating losses of $2,133,718 for the nine months
ended June 30, 2004

The Company has increased its number of employees in accounting, software
development and customer service which have contributed to the increase in net
operating losses. These expenses were necessary to build the Company's
infrastructure, support the InTouch service and improve the Company's Corporate
Governance.

General and Administrative Expenses

Our General and Administrative expenses include corporate overhead costs,
administrative support, professional fees and amortization of prepaid consulting
fees as compared to the same period in 2004.

For the nine months ending June 30, 2005, SiriCOMM's general and administrative
expenses totaled $927,654, or 36.6% of total operating expenses, while for the
nine months ended, June 30, 2004 general and administrative expenses totaled
$1,625,487, or 76.2% of total operating expenses.

                                       19
<PAGE>

Salaries

For the nine months ending June 30, 2005, SiriCOMM incurred salaries of $847,445
representing 33.4% of operating expenses, as compared to $428,854, or 20.1% of
total operating expenses for the nine months ended June 30, 2004.

The Company has hired an additional nine employees including a Controller since
the same period ending June 30, 2004.

Satellite Access Fees

Satellite access fees have been incurred as a result of the Company launching
its proprietary network, expenses of $486,244 were realized for the nine month
period ended June 30, 2005 or 19.2% of total operating costs. The non-cash
component of the satellite access fees for the nine month period ending June 30,
2005 was $250,018. The Company had not yet launched the network thus no
satellite access fees had been incurred at the same period ending June 30, 2004.

Depreciation and Amortization

Depreciation expense was $236,746, or 9.3% of total operating expense for the
nine month period ending June 30, 2005 as compared to $15,107, or 0.7% of total
operating expenses for the same period ending June 30, 2004. The increase is
primarily due to the fact that the Company placed its Wi-Fi network in service
during 2005.

Interest Expense

For the nine months ending June 30, 2005, interest expense was $18,097 as
compared to $23,869 during the nine months ended June 30, 2004.

Liquidity and Capital Resources

We continue to finance our operations entirely from invested funds and limited
borrowing for capital expenditures. No assurances can be given that revenues
will increase sufficiently to cover operating expenses or that the Company can
continue to attract capital under terms favorable to it shareholders.

As of June 30, 2005, our current assets including cash and cash equivalents,
investments, accounts receivables and other current assets amounted to
approximately $1,841,175. Current liabilities amounted to approximately
$1,003,194 and include note payable to Southwest Missouri Bank, accounts
payable, accrued salaries, and other accrued expenses.

As an emerging wireless applications services provider, we are involved in a
number of business development projects, continued network installation and
general operating capital requirements that will continue to require external
capital to finance the Company as it introduces its applications within its
business model. No assurances can be given as to the industry's willingness to
purchase the Company's products or services.

                                       20
<PAGE>

As we continue to ramp-up our business and obtain new ISP contracts, the Company
believes that it has adequate liquidity and that we can achieve profitability in
2006. The Company is dedicating its efforts currently to building its Internet
Service and growing its network site density in order to facilitate the launch
of its other planned software products.

Capital Resources

         In October, 2004, the Company borrowed $200,000 on its line of credit
facility with Southwest Missouri Bank. The proceeds were paid to Sat-Net in
conjunction with the installation and distribution of hotspots.

         As of December 31, 2004, SiriCOMM, Inc. consummated the private
placement of its units (the "Units") pursuant to a Confidential Investment
Proposal dated October 11, 2004 and amended on December 20, 2004. Funds were
disbursed from escrow to the Company as of January 3, 2005 and shares and
warrant certificates were issued at that time. Each Unit consisted of 50,000
shares (the "Shares") of the Company's common stock and a Common Stock Warrant
to purchase 37,500 shares of Common Stock. In the Private Placement, the Company
sold an aggregate of 6.38 Units (319,000 Shares and Warrants to purchase 239,250
shares of Common Stock) for an aggregate purchase price of $638,000, or $100,000
per Unit.

         The Warrants entitle the holders to purchase shares of the Common Stock
(the "Warrant Shares") for a period of five years from the date of issuance at
an exercise price of $2.40 per share. The Warrants contain certain anti-dilution
rights and are redeemable by the Company, on terms specified in the Warrants.

         In connection with the Private Placement, Sands Brothers International
Limited, the placement agent in the Private Placement, received a cash
commission fee of nine percent (9%) of the gross proceeds to the Company of the
securities sold at the closing, a payment of $30,000 representing the fees and
expenses of its counsel in the Private Placement and Warrants (the "Agent
Warrants") to purchase ten percent (10%) of the Shares sold in the Private
Placement (the "Agent Shares"). The Agent Warrants are exercisable for a period
of five years at an exercise price of $2.40 per share and contain the same
anti-dilution rights as the Warrants.

         As part of the private placement, the Company was required to file with
the Securities and Exchange Commission a Registration Statement covering the
Shares, the Warrant Shares and the Agent Shares, which became effective on May
5, 2005, within the allotted time frame as set forth in the offering materials.

         On January 5, 2005, the Company issued an aggregate of 85,000 shares of
its Common Stock upon the exercise of a like number of warrants, exercisable at
$2.00 per share. The warrants were originally issued in January 2004 pursuant to
a private placement of the Company's units consisting of common stock and
warrants.

         As an inducement to the investors exercising their warrants, the
Company issued an aggregate of 63,750 new warrants to the investors. The new
warrants entitle the holders to purchase shares of the Company's common stock
reserved for issuance thereunder for a period of five years from the date of

                                       21
<PAGE>

issuance at an exercise price of $2.40 per share. The warrants contain
anti-dilution rights and are redeemable by the Company, in whole or in part, on
terms specified in the warrants.

         As a further inducement to the investors exercising their warrants, the
Company also registered the shares issued upon exercise of the warrants and the
shares underlying the new warrants.

         The cash proceeds of the above sales of securities of the Company were
used for general corporate purposes in developing the Company's planned
services.

         The Company will continue its installation plans toward denser coverage
of its nation wide network. Additional financing will be required to fund such
installations, but there can be no assurances that the Company will be able to
obtain such funds under acceptable terms.

         On January 24, 2005, the Company repaid the note payable of $25,000
plus accrued interest to an individual investor.

         On January 30, 2005, the Company granted 2,000,000 shares of restricted
stock plus 1,000,000 three years warrants exercisable at $2.00 to Sat-Net under
the terms of a Memorandum of Understanding.

         On March 11, 2005, the Company borrowed $150,000 on its line of credit
facility with Southwest Missouri Bank. The proceeds were paid to Via-Sat in
conjunction with the installation and distribution of hotspots.

         On April 11, 2005, SiriCOMM, Inc. consummated the private sale of its
securities to Sunflower Capital, LLC. The securities sold consisted of units
comprised of shares of the Company's common stock (the "Shares") and warrants to
purchase shares of the Company's common stock (the "Warrants"). At the closing,
the Company sold an aggregate of 1,066,667 units at an aggregate purchase price
of $1,600,000 or $1.50 per unit. At the closing the Company delivered an
aggregate of 1,066,667 Shares and delivered Warrants to purchase an additional
1,066,667 shares of the Company's common stock.

         The Warrants entitle the holder to purchase shares of the Company's
common stock reserved for issuance thereunder (the "Warrant Shares") for a
period of five years from the date of issuance at an exercise price of $2.50 per
share. The Warrants contain certain anti-dilution rights and are redeemable by
the Company, in whole or in part, on terms specified in the Warrants.

         In a separate transaction also consummated on April 11, 2005 the
Company sold 413,605 warrants to Sunflower Capital, LLC at a purchase price of
$53,333 or approximately $.13 per warrant. These warrants entitle the holder to
purchase shares of the Company's common stock reserved for issuance thereunder
for a period of five (5) years from the date of issuance at an exercise price of
$3.00 per share. These warrants contain certain anti-dilution rights and are
redeemable by the Company, in whole or in part, on terms specified in these
warrants.

                                       22
<PAGE>

         William P. Moore, a director and shareholder beneficially owning
approximately 9.10% of the issued and outstanding shares of the Company's common
stock is the managing member of Sunflower Capital, LLC.

         The securities discussed above were offered and sold in reliance upon
exemptions from the registration requirements of Section 5 of the Securities Act
of 1933, as amended (the "Act"), pursuant to Section 4(2) of the Act and Rule506
promulgated thereunder. Such securities were sold exclusively to accredited
investors as defined by Rule 501(a) under the Act.

         On May 27, 2005, SiriCOMM granted to MCC Securities and related parties
and aggregate of 33,000 shares pursuant to a financial advisory contract, the
shares were registered on Form S-8 filed with the SEC on April 14, 2003.

         The Company received funds in late June from the private sale of its
securities to ten (10) investors, including Sunflower Capital, LLC a limited
liability company managed by William P. Moore, a director of the Company. The
securities sold consisted of units comprised of shares of the Company's common
stock and warrants to purchase shares of the Company's common stock. At the
closing, the Company sold an aggregate of 267,833 units at an aggregate purchase
price of approximately $401,750 or $1.50 per unit. At the closing the Company
delivered an aggregate of 267,833 Shares and delivered Warrants to purchase an
additional 267,833 shares of the Company's common stock.

         The Warrants entitle the holder to purchase shares of the Company's
common stock reserved for issuance thereunder (the "Warrant Shares") for a
period of five years from the date of issuance at an exercise price of $2.50 per
share. The Warrants contain certain anti-dilution rights and are redeemable by
the Company, in whole or in part, on terms specified in the Warrants.

         In a separate transaction from funds received in June the Company sold
25,850 warrants to Sunflower Capital, LLC at a purchase price of $3,333.50 or
approximately $0.13 per warrant. These warrants entitle the holder to purchase
shares of the Company's common stock reserved for issuance thereunder for a
period of five (5) years from the date of issuance at an exercise price of $3.00
per share. These warrants contain certain anti-dilution rights and are
redeemable by the Company, in whole or in part, on terms specified in these
warrants.

         Contractual Obligations and Commercial Commitments

Contractual obligations as of June 30, 2005 are as follows:
<TABLE>
<CAPTION>
                                                              Payments Due by Period
------------------------------ --------------- ------------------- -------------- -------------- --------------------
Contractual                                        Less than
Obligations                        Total             1 year          1-3 years      4-5 years       After 5 years
------------------------------ --------------- ------------------- -------------- -------------- --------------------
<S>                              <C>               <C>                <C>            <C>               <C>
Line of credit and note          $ 429,264         $ 429,264          $     -        $     -           $     -
payable
------------------------------ --------------- ------------------- -------------- -------------- --------------------
Operating leases                         -                 -                 -             -                 -
------------------------------ --------------- ------------------- -------------- -------------- --------------------
Total contractual cash
obligations                      $ 429,264         $ 429,264          $     -        $     -           $     -
------------------------------ --------------- ------------------- -------------- -------------- --------------------
</TABLE>
                                       23
<PAGE>

Recent Accounting Pronouncements

         In December 2003, the FASB issued Interpretation No. 46 (revised),
"Consolidation of Variable Interest Entities, an Interpretation of ARB No. 51,"
("FIN 46R"). FIN 46R addresses how a business enterprise should evaluate whether
it has a controlling financial interest in an entity through means other than
voting rights and, accordingly, should consolidate the variable interest entity
("VIE"). Fin 46R replaces FIN46 that was issued in January 2003. All public
companies were required to fully implement FIN 46R no later than the end of the
first reporting period ending after March 15, 2004. The adoption of FIN 46R had
no impact on SiriCOMM's financial condition or results of operations.

         On December 16, 2004, the Financial Accounting Standards Board (FASB)
issued FASB Statement No. 123 (revised 2004), Share-Based Payment, which is a
revision of FASB Statement No. 123, Accounting for Stock-Based Compensation.
Statement 123(R) supersedes APB Opinion No. 25, Accounting for Stock Issued to
Employees, and amends FASB Statement No. 95, Statement of Cash Flows. The
approach to accounting for share-based payments in Statement 123(R) is similar
to the approach described in Statement 123. However, Statement 123(R) requires
all share-based payments to employees, including grants of employee stock
options, to be recognized in the financial statements based on their fair values
and no longer allows pro forma disclosure as an alternative to financial
statement recognition. The Company will be required to adopt Statement 123(R) at
the end of its year ending September 30, 2007. The Company has not determined
what financial statement impact Statement 123(R) will have on the Company.

COMMITMENTS

         We do not have any commitments that are required to be disclosed in
tabular form as of June 30, 2005.

OFF BALANCE SHEET ARRANGEMENTS

         We do not have any off balance sheet arrangements.

Item 3: Controls and Procedures

         The Company maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in the Company's
Exchange Act reports 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 the Company's
management, including its Chief Executive Officer and Chief Financial Officer,
as appropriate, to allow for timely decisions regarding required disclosure. In
designing and evaluating the disclosure controls and procedures, management
recognizes that any controls and procedures, no matter how well designed and
operated, can provide only reasonable assurance of achieving the desired control
objectives, and management is required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures.

                                       24
<PAGE>

         As required by SEC Rule 13a-15(b), the Company carried out an
evaluation, under the supervision and with the participation of the Company's
management, including the Company's Chief Executive Officer and the Company's
Chief Financial Officer, of the effectiveness of the design and operation of the
Company's disclosure controls and procedures as of the end of the quarter
covered by this report. Based on the foregoing, the Company's Chief Executive
Officer and Chief Financial Officer concluded that the Company's disclosure
controls and procedures were effective at the reasonable assurance level;
however, to ensure that these controls and procedures remain effective, the
Company hired a full time comptroller, who reports directly to the Company's
Chief Financial Officer.

         There has been no other change in the Company's internal controls over
financial reporting during the Company's most recent fiscal quarter that has
materially affected, or is reasonably likely to materially affect, the Company's
internal controls over financial reporting.

                                       25
<PAGE>

                           PART II - OTHER INFORMATION

Item 1: Legal Proceedings

         On December 17, 2004, Henry Hoffman, Kory Dillman, David Mendez, Tom
Noland, Richard Iler and Terry Thompson were named defendants in a lawsuit
entitled Greg Sanders v. Henry Hoffman et al. Messrs. Hoffman, Dillman, Mendez
and Iler are officers and directors of the Company, Mr. Thompson is a director
of the Company and Mr. Noland is a former officer and director of the Company.
The action was brought in the Circuit Court of Jackson County, Missouri at
Kansas City (04CV236387). The action alleges fraud, misrepresentation and breach
of fiduciary duty relating to a settlement agreement entered into between the
Company and Mr. Sanders. The Company is not a party to this lawsuit. The
complaint seeks damages in excess of $9,679,903. The defendant's filed a motion
to dismiss which was denied by the Court. The defendant will file their answer
to the complaint no later than August 15, 2005. In addition, the defendants are
considering filing counter claims against the plaintiff as part of their answer.
The Company will pay all expenses relating to the defense of this matter. In
management's opinion this case is without merit and the defendants intend on
defending this matter vigorously.

Item 2: Changes in Securities and Use of Proceeds

         (a) None

         (b) None

         (c) On April 11, 2005, SiriCOMM, Inc. consummated the private sale of
its securities to Sunflower Capital, LLC. The securities sold consisted of units
comprised of shares of the Company's common stock (the "Shares") and warrants to
purchase shares of the Company's common stock (the "Warrants"). At the closing,
the Company sold an aggregate of 1,066,667 units sat an aggregate purchase price
of $1,600,000 or $1.50 per unit. At the closing the Company delivered an
aggregate of 1,066,667 Shares and delivered Warrants to purchase an additional
1,066,667 shares of the Company's common stock.

         The Warrants entitle the holder to purchase shares of the Company's
common stock reserved for issuance thereunder (the "Warrant Shares") for a
period of five years from the date of issuance at an exercise price of $2.50 per
share. The Warrants contain certain anti-dilution rights and are redeemable by
the Company, in whole or in part, on terms specified in the Warrants.

         In a separate transaction also consummated on April 11, 2005, the
Company sold 413,605 warrants to Sunflower Capital, LLC at a purchase price of
$53,333 or approximately $.13 per warrant. These warrants entitled the holder to
purchase shares of the Company's common stock reserved for issuance thereunder
for a period of five (5) years from the date of issuance at an exercise price of
$3.00 per share. These warrants contain certain anti-dilution rights and are
redeemable by the Company, in whole or in part, on terms specified in these
warrants.

         William P. Moore, a director and shareholder beneficially owning
approximately 9.10% of the issued and outstanding shares of the Company's common
stock is the managing member of Sunflower Capital, LLC.

                                       26
<PAGE>

         The securities discussed above were offered and sold in reliance upon
exemptions from the registration requirements of Section 5 of the Securities Act
of 1933, as amended (the "Act"), pursuant to Section 4(2) of the Act and Rule506
promulgated thereunder. Such securities were sold exclusively to accredited
investors as defined by Rule 501(a) under the Act.

         The Company issued an aggregate of 10,000 shares to Staunton McLane
pursuant to the exercise of a stock option for a like number of shares. The
exercise price of these options is $1.00. The Shares underlying the option were
registered on Form S-8 on April 14, 2003. As of the date of this report,
Staunton McLane has a balance of 43,000 options, each exercisable at $1.00 per
share.

         On April 13th, 2005, the Company granted 15,000 stock options to J.
Richard Iler, our Chief Financial Officer. These options were granted under the
Company's 2002 Equity Incentive Plan. The exercise price of these options is
$1.90 per share. The shares underlying the options were registered on Form S-8
on April 14, 2003.

         On April 13th, 2005, the Company granted 10,000 stock options to Terry
Thompson, a Director of the Company. These options were granted under the
Company's 2002 Equity Incentive Plan. The exercise price of these options is
$1.90 per share. The shares underlying the options were registered on Form S-8
on April 14, 2003.

         The cash proceeds of the above sales of securities of the Company were
used for general corporate purposes in developing the Company's planned
services.

         From funds received in June, SiriCOMM, Inc. consummated the private
sale of its securities to ten (10) investors, including Sunflower Capital, LLC a
limited liability company managed by William P. Moore, a director of the
Company. The securities sold units comprised of shares of the Company's common
stock (the "Shares") and warrants to purchase shares of the Company's common
stock (the "Warrants"). At the closing, the Company sold an aggregate of 267,833
units at an aggregate purchase price of approximately $401,750 or $1.50 per
unit. At the closing the Company delivered an aggregate of 267,833 Shares and
delivered Warrants to purchase an additional 267,833 shares of the Company's
common stock.

         The Warrants entitle the holder to purchase shares of the Company's
common stock reserved for issuance thereunder (the "Warrant Shares") for a
period of five years from the date of issuance at an exercise price of $2.50 per
share. The Warrants contain certain anti-dilution rights and are redeemable by
the Company, in whole or in part, on terms specified in the Warrants.

         In a separate transaction the Company sold 25,850 warrants to Sunflower
Capital, LLC at a purchase price of $3,333.50 or approximately $.13 per warrant.
These warrants entitle the holder to purchase shares of the Company's common
stock reserved for issuance thereunder for a period of five (5) years from the
date of issuance at an exercise price of $3.00 per share. These warrants contain
certain anti-dilution rights and are redeemable by the Company, in whole or in
part, on terms specified in these warrants.

         The securities discussed above were offered and sold in reliance upon
exemptions from the registration requirements of Section 5 of the Securities Act

                                       27
<PAGE>

of 1933, as amended (the "Act"), pursuant to Section 4(2) of the Act and Rule
506 promulgated thereunder. Such securities were sold exclusively to accredited
investors as defined by Rule 501(a) under the Act.

         As described below in Item 5, the Company issued to Interactive
Resources Group, Inc. 15,000 shares of its Common Stock and 20,000 Common Stock
Purchase Warrants exercisable for four years as follows:

                  10,000 shares at $2.50
                  5,000 shares at $3.00
                  5,000 shares at $4.00

         On June 16, 2005, the Company issued 2,500 stock options exercisable at
$1.75 per share to Robert Myers in connection with his hiring by the Company as
a Network Administrator II. The options were issued in accordance with the
Company's 2002 Equity Incentive Plan.

         (d) Not Applicable

Item 3.: Defaults upon Senior Securities

         None

Item 4.: Submission of Matters to a Vote of Security Holders

         At the Company's Annual Meeting of Shareholders held on May 11, 2005,
the following six directors were elected by a majority of the outstanding shares
of common stock of the Company. Each director was elected to one-year terms.

                  Henry P. (Hank) Hoffman
                  David N. Mender
                  Kory S. Dilman
                  J. Richard Iler
                  Terry W. Thompson
                  William P. Moore.

         At the same meeting, the shareholders ratified the appointment of BKD,
LLP to serve as the independent auditors for the fiscal year ended September 30,
2005.

Item 5.: Other Information

         On July 1, 2005 the Company entered into a Consulting Agreement with
Interactive Resources Group, Inc. ("IRG"). The initial term of the Consulting
Agreement expires on October 1, 2005 and is renewable upon the mutual consent of
both parties. During the term of the Consulting Agreement, IRG shall provide
corporate consulting services to the Company in connection with corporate
finance relations, corporate financial services, mergers and acquisitions as
well as introducing the Company to broker/dealers, investment analysts, funding
sources and generally assist the Company in its efforts to enhance its
visibility in the financial community.

                                       28
<PAGE>

         In consideration of the services to be performed by IRG on behalf of
the Company, the Company issued 15,000 shares of its Common Stock and 20,000
Common Stock Purchase Warrants to IRG. The warrants vest on August 30, 2005 and
are exercisable for four (4) years as follows:

                  10,000 shares at $2.50
                  5,000 shares at $3.00
                  5,000 shares at $4.00

Item 6.: Exhibits

                  The following exhibits are filed as part of this report:

                  31.1     Certification of Chief Executive Officer of Periodic
                           Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a).

                  31.2     Certification of Chief Financial Officer of Periodic
                           Report Pursuant to Rule 13a-14(a) and Rule 15d-14(a).

                  32.1     Certification of Chief Executive Officer pursuant to
                           18 U.S.C. Section 1350

                  32.2     Certification of Chief Financial Officer pursuant to
                           18 U.S.C. Section 1350

                                       29
<PAGE>


                                   SIGNATURES

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


Dated: August 15, 2005              SIRICOMM, INC.



                                    By:  /s/ Henry P. Hoffman
                                       -----------------------------------------
                                       Henry P. Hoffman, President and
                                       Chief Executive Officer



                                    By:   /s/ J. Richard Iler
                                       -----------------------------------------
                                       J Richard Iler,  Executive Vice President
                                       and Chief Financial Officer

                                       30