1

1

                     U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

[X]      Annual report under Section 13 or 15(d) of the Securities Exchange Act
         of 1934 For the fiscal year ended DECEMBER 31, 2007

Transition report under Section 13 or 15(d) of the Securities Exchange Act of
1934.

Commission file number:   333-18439

                           MOBILE AREA NETWORKS, INC.
                           --------------------------
                 (Name of small business issuer in its charter)

            Florida                                   59-3482752
            -------                                   ----------
 (State or Other Jurisdiction of                   (I.R.S. Employer
 Incorporation or Organization)                    Identification No.)

 2772 Depot Street, Sanford, Florida                      32773
 -----------------------------------                      -----
(Address of Principal Executive Offices)               (Zip Code)

                                  407-333-2350
                                  ------------
                           (Issuer's telephone Number)

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

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is not contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]

Indicate by check mark if the registrant is an accelerated filer (as defined in
Rule 12b-2 of the Act). Yes [ ] NO[ X ]

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

State issuer's revenues for its most recent fiscal year.   $428,642

The registrant has not authorized non-voting common equity and as of December
31, 2007, 48,226,080 shares of the registrant's voting common stock were
outstanding and held by non-affiliates. One January 10, 2001 the Company's stock
began trading on OTCBB under the symbol "MANW".

Shares of Comm on Stock, no par value outstanding at December 31, 2007:
48,226,080



<PAGE>

                                     PART I

FORWARD-LOOKING STATEMENTS:

In addition to historical information, this Annual report on Form 10-KSB may
contain statements that could constitute "forward-looking statements" under the
federal securities laws. Forward-looking statements often are characterized by
terms such as "may", "believes", "projects", "expects", or "anticipates", and do
not reflect historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that may cause the Company's actual results,
performances or achievements to be materially different from those expressed or
implied by such forward-looking statements. Factors and risks that could effect
the Company's results and achievements and cause them to materially differ from
those contained in the forward-looking statements include those identified
throughout this report and in the section in Item 6, below, as well as other
factors that the Company currently is unable to identify or quantify, but that
may exist in the future. In addition, the foregoing factors may effect generally
the Company's business, results of operations, and financial position.
Forward-looking statements speak only as of the date the statement was made. The
Company does not undertake and specifically declines any obligation to update
any forward-looking statements included in this report on Form 10-KSB.

ITEM 1. DESCRIPTION OF BUSINESS.

Mobile Area Networks, Inc. (OTCBB: "MANW") was incorporated in Texas on May 22,
1996 and a Florida corporation of the same name and purpose was formed on
November 28, 1997 and became effective on January 1, 1998. The Florida
corporation then became the successor in interests to the Texas corporation of
the same name. The Texas corporation transferred all right, title, and interests
in and to its assets over to the Florida Company. Such transfer was made in
exchange for the Company's issuance of stock to the Texas Company's shareholders
on a five for one share basis. That is, each share of the previously outstanding
stock was split up into five shares of the Company's stock. The Management of
the Company had previously decided to operate from and be domiciled in the state
of Florida and also decided to streamline its corporate operations, and at the
same time created more authorized shares for the corporation to use for funding
and or acquisitions. This was accomplished without diluting the ownership of the
then current owners of private shares.

The primary effect of this action was to change the State of Incorporation of
the Company.

Mobile Area Networks, Inc. the "Company", began operations in Heathrow, Florida
in 1996, and in early 1997 the company successfully developed, deployed, and
documented the first use of 1.5 Mb (T-1 speed) wireless internet data service
into hotels for users of laptop computers and stationary internet computers
"kiosks", beginning in the Westin Hotel in Waltham (Boston), MA. and other
hotels, office buildings, convention centers, and the town of Altamonte Springs
Florida. Less expensive and less secure services with free access became the
dominant business model, and although technically successful, this service did
not generate sufficient revenues to sustain operations, and the Company's
management pursued other means of generating revenues to sustain the operating
Company.

The Company therefore decided to enter a core Industry to preserve some value
for its shareholders, and on August 12, 2002 entered into an agreement to
acquire the operating assets of Vintage Industries, Inc. ("Vintage") in a stock
for assets purchase. The assets consisted of the remnants of an ongoing plastics
molding business with computerized plastics mold engineering and manufacturing
equipment including; computer aided machinery, patents pending, trade secrets
for a process to rapidly produce plastic injection molds, numerous existing
injection molds, plastics injection molding presses, office and support
equipment, and the then existing customer base of Vintage.

The Company agreed to issue 1,440,000 of its SEC Rule 144 Restricted Common
Shares (having a market value of approximately $274,000 according to the trading
price of public shares on the day of the agreement), to be disbursed among the
shareholders of and by Vintage Industries, Inc. Vintage was to be dissolved and
all future operations in a timely manner were to be consolidated into and owned
by Mobile Area Networks, Inc. The Company also agreed to assume responsibility
for Certain Current and long-term liabilities of Vintage.

Simultaneous to the acquisition of the Vintage assets the Company acquired the
complete plastic molding machinery and equipment of "Recoton Corporation" (at
that time a NASDAQ company) in a distress sale which allowed the Company to pay
a small amount of cash, plus the agreement to furnish Recoton with certain parts
requirements which it had been molding in-house. The effect of this transaction
was to dramatically increase production capacity for the Company. However the
short term effect was detrimental to the cash position of the Company and then
shortly thereafter Recoton's business ceased operating. At the time of Recoton's
demise the Company had consolidated operations from four smaller facilities into
one much larger manufacturing facility beginning in December 2002. The Company
began the year 2003 as essentially a start up year. In the years when the demand
for these plastic services was great Vintage did not have the capacity to
increase production and after the consolidation the demand and profitability for
these services was eroded by foreign competition.

                                       1
<PAGE>

The business and customer base changed substantially after the Vintage asset
acquisition by Mobile Area Networks, Inc. Previously Vintage derived the
majority of its revenues from one business segment which was the sporting
firearms industry. Customers included many of the well known firearms makers in
the business such as; Austin Halleck, Charter Arms, Colt, Henry Repeating Arms,
Marlin, North American Arms, Marlin Firearms, Mossberg, Savage Arms, and
Winchester. For several years the sporting arms industry suffered economically
but at the year ending 2006 the industry appeared to be improving and some of
these companies remain customers of the Company.

THE FUTURE OF PLASTICS AND THE COMPANY: During the year ended 2007 the Company
generated its plastics services revenues from a diverse mix of residential and
commercial construction product parts, military and simulation training parts,
orthopedic device parts, consumer product parts, automotive computer housings,
sporting rifle parts, archery bow parts, snow ski equipment parts, novelty toys,
concrete block construction parts, and air conditioner parts. The Company's
management is also working to develop proprietary items to market in addition to
custom molding in order to better control production scheduling and costs.

THE FUTURE OF PLASTIC MOLD MAKING: During the year 2007 the Company obtained new
business because of its ability to develop molds from customer's ideas, as well
as its ability to modify and maintain molds. Many plastic molders must outsource
mold maintenance whenever repairs are needed, which causes dramatic delays in
production time. The Company also offers product development prototyping and
mold design to speed the process of "Idea To Product".

The Company is not aware of any required government approval for any of its
services, but should this need arise there is no reason for the Company to
believe that it would not be able to obtain such approvals.

The Company estimates that it has expended approximately $695,000 on research
and development during the past eight years, the majority of which has been
provided by investors in the Company and primarily with respect to the Company's
wireless systems and plastics molding systems. The Company is not aware of any
environmental issues that may impact the Company or its services.

The Company has approximately nine full time employees including its President.
In addition there are part time consultants available to the Company on an as
needed basis. The Company also has marketing arrangements with outside
individuals on a commission only basis.

ITEM 2.DESCRIPTION OF PROPERTY.

The Company leases its office and manufacturing facility at 2772 Depot Street in
Sanford, Florida. That lease, which originally was a sub-lease, was executed on
November 11, 2002 covering 20,680 square feet for a five year term. On July 31,
2003 the Company negotiated a master lease covering the entire 25,000 square
feet for a term of three years and ten months commencing on August 1, 2003 and
continuing through May 31, 2007. On September 1, 2007, the Company executed a
new five-year lease with the same owner effective June 1, 2007 through May 31,
2012 with a base rent of $9,895.00 and pro-rated real estate taxes plus sales
taxes aggregating $11,645.88 per month. The lease is subject to annual increases
of $.20 per square foot. The lease provides two options to renew the term for
two years each. Additionally, the lease provides the tenant with the right of
first refusal to lease, under the same terms, the approximate 10,000 square feet
of adjoining space should it become available. During 2006, the Company
exchanged Treasury Stock with its landlord for approximately eight months of
rent. The difference between the fair market value of the stock at the effective
date of the exchange and the cost of the Treasury Stock has been credited to
Paid-In Capital. As of December 31, 2007 all office equipment and furnishings
were owned by the Company outright and without leases.

The Company owns the registered trademark "mobiLAN(R)", and claims copyright
ownership of other creative and derivative works. On April 28, 1998 Mobile Area
Networks, Inc. was granted U.S. Patent #5,745,884 which covers "System And
Method For Billing Data Grade Network Use On A Per Connection Basis." There can
be no guarantee of any tangible value for this patent, which was accounted for
as a fully amortized intangible asset on the balance sheet of the Company.

ITEM 3. LEGAL PROCEEDINGS.

On October 3, 2002, a complaint was filed against the Company with the Circuit
Court of Seminole County, Florida by David Byron, a former officer, former
employee, and former shareholder of Vintage Industries, Inc., for non-delivery
of 288,000 shares of restricted common stock of Mobile Area Networks, Inc., per
a general mutual release and separation agreement between Vintage Industries,
Inc. and Mr. Byron. Mr. Byron is seeking immediate delivery of 288,000 shares of
Restricted Common Stock of Mobile Area Networks, Inc. and damages in the amount
of the value of the stock. The Company is withholding delivery of the shares to
Vintage Industries, Inc., as it was agreed to in its acquisition Agreement

                                       2
<PAGE>

pending the return of various Vintage Industries owned assets which remain
allegedly held in the possession of and by Mr. Byron, and which were pledged to
GE Capital and others as part of loan security agreements with Vintage. The
Company intends to vigorously defend its position as the Company has never
entered into any Agreement of any nature whatsoever with Mr. Byron. Therefore
the Company does not believe the range of loss, if any, can be reasonably
estimated at this time. Accordingly, no provision for possible loss has been
made in these financial statements.

There has never been at any time, any Agreement made by or between Mobile Area
Networks, Inc., and Mr. Byron relating to stock shares or any other matter
whatsoever.

The Company has not been a party to any bankruptcy proceedings.

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

None.

                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

On February 16, 1999, the Company's registration statement covering the
registration of 5,000,000 shares of common stock was declared effective by the
U.S. Securities and Exchange Commission (SEC). Provisions of the registration
statement included a maximum offering price of $6.00 per share for projected
gross proceeds of $30,000,000. The securities associated with the offering were
sold on a best efforts, no minimum amount basis and as of December 31, 2000, the
Company had sold and issued 100,103 shares of common stock under the offering,
which was closed on November 24, 2000 in anticipation of being traded on the
OTCBB system.

On January 10, 2001, the Company's stock began publicly trading on the OTCBB
system under the symbol "MANW".

The following table shows the reported high and low sales price at which the
Common Stock of the Company was traded in 2007.

                                             High                 Low
                                             ----                 ---

                First Quarter                .17                  .07
                Second Quarter               .10                  .06
                Third Quarter                .10                  .05
                Fourth Quarter               .06                  .03

The proceeds from the Company's stock sales to date have been and are being used
primarily to fund the continuing operations of the Company's plastics
manufacturing systems as well as for funding administrative activities and
marketing programs of the Company which now includes the consolidated plastics
molding facility. The Company continues to explore acquisition opportunities in
order to grow the revenue base and build value for the Company.

A majority of the Company's total outstanding shares, 48,176,080 are restricted
for sale under SEC Rule 144. Total authorized shares are 50 million. Most of the
outstanding shares are owned by Company founders or insiders as reported in the
Prospectus of the Company dated February 16, 1999 and in subsequent periodic
reports including this Annual Report, such insider owned shares being further
restricted as to resale. The Company has no obligation or requirement to
register any of the restricted shares for public sales. However, shares held for
the required time period under Rule 144 could under certain conditions be sold
by the owners of those shares who are not considered to be insiders or owners of
control shares when sold through broker transactions and with the proper Form
144 documentation and filing.

As of December 31, 2007, the Company had 419 registered shareholders of record.

                                       3
<PAGE>

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

Management's Discussion and Analysis or Plan of Operation should be read in
conjunction with the financial statements and related notes which are contained
herein in the following pages under Item 7.

Revenues increased from $342,012 in 2006 to $428,642 in 2007, an increase of
25%. During 2007, an increased diversification in its customer base enabled the
Company to experience an increase in orders.

Cost of Goods Sold increased commensurate with the increase in revenues from
$211,024 in 2006 to $227,736 in 2007.

Total Operating Expenses decreased from $681,926 in 2006 to $647,111 in 2007, a
decrease of 5%.

Bad Debts expense increased from $-0- in 2006 to $1,693 in 2007. The Allowance
for Doubtful Accounts was unchanged at $35,000 as of December 31, 2007 and 2006,
respectively.

Depreciation expense decreased from $155,295 in 2006 to $78,854 in 2007, a
decrease of 49%. The decrease reflects certain assets that became fully
depreciated during the year.

Interest expense decreased from $52,041 in 2006 to $38,079 in 2007, a decrease
of 27%. The decrease reflects the overall reduction in long-term debt owed to
non-related parties.

Outside Services increased from $-0- in 2006 to $4,496 in 2007 some of which is
attributable to efforts to obtain additional customers.

Payroll and payroll taxes increased 10% from $335,031 in 2006 to $369,861 in
2007. The increase is attributable to increased production staff to service the
new business.

Professional Services decreased from $13,900 in 2006 to $6,500 in 2007, a
decrease of 53%. The decrease relates primarily to legal expenses which were
less in 2007.

Other Operating Expenses, which includes such expenses as telephone, internet
service, utilities, postage, office supplies, and local taxes, increased from
$125,658 in 2006 to $147,629 in 2007, an increase of 17%. The 2007 increase
relates to spending on health insurance and additional expenses of internet
marketing.

During 2006, the Company exchanged Treasury Stock with its landlord for
approximately eight months of rent. The difference between the fair market value
of the shares of stock at the effective date of the exchange and the cost of the
Treasury Stock has been credited to Paid-In Capital.

The Company realized a Gain on Forgiveness of Debt of $136,537 during 2007
resulting from the writing-off of stale-dated accounts payable left over from
its 2002 acquisition of Vintage Industries and also certain payroll tax reserves
that were established in 2003 pending an audit that later was settled
successfully.

The Net Loss decreased from $550,938 in 2006 to $309,668 in 2007. The decreased
loss is attributable to the increase in Revenue. The Net Loss Per Share was $.01
in 2007 and $.01 in 2006.

The Company's operating loss carryforwards are approximately five million-six
hundred thousand dollars ($5,600,000) which are recoverable as income tax
savings through the year 2027.

The Company's short term liquidity and capital needs have been satisfied
primarily from the continuing sale of the Company's common stock in private
sales, and loans from shareholders. The Company continues to seek the support of
underwriters and market makers for the handling of its stock sales.

The Company's stock Registrar is Standard Register & Transfer Company, Inc.
which handles all its outside Stock share Registrations and Transfers.


                                       4
<PAGE>



MOBILE AREA NETWORKS, INC.

(A FLORIDA CORPORATION)

SANFORD, FLORIDA

TABLE OF CONTENTS

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


Independent Auditors' Report                                           F - 2

Balance Sheets at December 31, 2007 and 2006                           F - 3

Statements of Changes in Stockholders' Deficit for the Years
  Ended December 31, 2007 and 2006                                     F - 4

Statements of Operations for the Years Ended December 31,
  2007 and 2006                                                        F - 5

Statements of Cash Flows for the Years Ended December 31,
  2007 and 2006                                                    F - 6 - F - 7

Notes to Financial Statements                                     F - 8 - F - 20


                                      F-1
<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and
Stockholders of Mobile Area Networks, Inc.

We have audited the accompanying balance sheets of Mobile Area Networks, Inc. as
of December 31, 2007 and 2006 and the related statements of operations,
stockholders' deficit, and cash flows for each of the years in the two year
period ended December 31, 2007. These financial statements are the
responsibility of the company's management. Our responsibility is to express an
opinion on these financial statements based on our audit.

We conducted our audit in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The company is not required to
have, nor were we engaged to perform, an audit of its internal control over
financial reporting. Our audit included consideration of internal control over
financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Mobile Area Networks, Inc. as
of December 31, 2007 and 2006 and the results of its operations, changes in its
stockholder's deficit and its cash flows in the two year period ended December
31, 2007 in conformity with accounting principles generally accepted in the
United States of America.

The accompanying financial statements have been prepared assuming that the
company will continue as a going concern. As discussed in Note K to the
financial statements, the Company has suffered recurring losses from operations
and has no commitments for funding future operations raising substantial doubt
about its ability to continue as a going concern. Management's plans in regard
to these matters are also described in Note K. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

Randall N. Drake, CPA, PA
-------------------------
Randall N. Drake, CPA, PA

Clearwater, Florida

March 28, 2008


                                      F-2
<PAGE>



MOBILE AREA NETWORKS, INC.
 (A FLORIDA CORPORATION)
SANFORD, FLORIDA

BALANCE SHEETS
<TABLE>
<CAPTION>


December 31,                                                                                        2007                 2006
------------------------------------------------------------------------------------- ------------------- --------------------
<S>                                                                                            <C>                  <C>
ASSETS

CURRENT ASSETS

Cash and Cash Equivalents                                                                      $  26,920            $  88,604
Accounts Receivable - Net of Allowance for Doubtful Accounts                                      24,698               29,757
Inventory                                                                                         46,407               54,862
------------------------------------------------------------------------------------- ------------------- --------------------

TOTAL CURRENT ASSETS                                                                              98,025              173,223

PROPERTY AND EQUIPMENT - NET OF ACCUMULATED DEPRECIATION                                           6,749               85,602

OTHER ASSETS

Security Deposits                                                                                  7,091                7,091
------------------------------------------------------------------------------------- ------------------- --------------------

TOTAL ASSETS                                                                                   $ 111,865           $  265,916
------------------------------------------------------------------------------------- ------------------- --------------------

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES

Notes and Capital Leases Payable - Due Within One Year                                         $  53,512            $  96,290

Accounts Payable                                                                                 148,727              232,295
Accrued Expenses                                                                                  49,470               75,033
------------------------------------------------------------------------------------- ------------------- --------------------

TOTAL CURRENT LIABILITIES                                                                        251,709              403,618

OTHER LIABILITIES

Notes and Capital Leases Payable - Due After One Year                                                --                40,200
Accrued Salaries - Related Party                                                               1,003,973              894,973
Advances from Stockholders                                                                       182,597              228,871
------------------------------------------------------------------------------------- ------------------- --------------------

TOTAL LIABILITIES                                                                              1,438,279            1,567,662
------------------------------------------------------------------------------------- ------------------- --------------------

STOCKHOLDERS' DEFICIT

Common Stock:  No Par; 50,000,000 Shares Authorized,
 48,176,080 and 46,761,080 Shares Issued

 And Outstanding, respectively                                                                 4,194,069            3,909,069
 Paid-In Capital                                                                                  56,840               56,840
Accumulated Deficit                                                                           (5,577,323)          (5,267,655)
------------------------------------------------------------------------------------- ------------------- --------------------

TOTAL STOCKHOLDERS' DEFICIT                                                                   (1,326,414)           1,301,746)
------------------------------------------------------------------------------------- ------------------- --------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                    $ 111,865            $ 265,916
------------------------------------------------------------------------------------- ------------------- --------------------
</TABLE>

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



                                      F-3
<PAGE>



MOBILE AREA NETWORKS, INC. (A FLORIDA
CORPORATION)
SANFORD, FLORIDA

STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

<TABLE>
<CAPTION>


                                        NUMBER          COMMON       PAID-IN     TREASURY       ACCUMULATED       STOCKHOLDERS'
                                      OF SHARES         STOCK        CAPITAL       STOCK          DEFICIT            DEFICIT
----------------------------------- --------------- --------------- ----------- ------------ ------------------ -------------------

<S>                                     <C>             <C>          <C>           <C>            <C>                 <C>
BALANCES - DECEMBER 31, 2005            45,877,747      $3,742,069                 (38,200)       $(4,716,717)        $(1,012,848)

Issuance of Common Stock for Cash          883,333         167,000                                         --             167,000

Purchase of Shares for Treasury                                         56,840      38,200                                 95,040

Net Loss                                        --              --                                   (550,938)           (550,938)

                                    --------------- --------------- ----------- ------------ ------------------ -------------------
BALANCES - DECEMBER 31, 2006            46,761,080     $ 3,909,069     $56,840          --        $(5,267,655)        $(1,301,746)

Issuance of Common Stock for Cash        1,415,000         283,000                                         --             283,000

Issuance of Common Stock for

Services                                    50,000           2,000                                                          2,000

----------------------------------- --------------- --------------- ----------- ------------ ------------------ -------------------
Net Loss                                        --              --                                   (309,668)           (309,668)
----------------------------------- --------------- --------------- ----------- ------------ ------------------ -------------------

BALANCES - DECEMBER 31, 2007            48,226,080     $ 4,194,069     $56,840       --           $(5,577,323)        $(1,326,414)
----------------------------------- --------------- --------------- ----------- ------------ ------------------ -------------------
</TABLE>

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


                                      F-4
<PAGE>


MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>


Years Ended December 31,                                                                            2007                 2006
------------------------------------------------------------------------------------- ------------------- --------------------

<S>                                                                                           <C>                  <C>
REVENUES - NET OF RETURNS AND ALLOWANCES                                                      $  428,642           $  342,012

Cost of Goods Sold                                                                               227,736              211,024
------------------------------------------------------------------------------------- ------------------- --------------------

GROSS PROFIT                                                                                     200,906              130,988
------------------------------------------------------------------------------------- ------------------- --------------------

OPERATING EXPENSES

Bad Debts                                                                                          1,693                   --
Depreciation                                                                                      78,854              155,295
Interest                                                                                          38,079               52,041
Outside Services                                                                                   4,496                   --
Payroll and Payroll Taxes                                                                        369,861              335,031
Professional Services                                                                              6,500               13,900
Other Operating Expenses                                                                         147,629              125,658
------------------------------------------------------------------------------------- ------------------- --------------------
TOTAL OPERATING EXPENSES                                                                         647,111              681,926
------------------------------------------------------------------------------------- ------------------- --------------------

LOSS BEFORE OTHER INCOME AND (EXPENSES)                                                         (446,205)             (550,938)

OTHER INCOME AND (EXPENSES)

Gain on Forgiveness of Debt                                                                      136,537                   --
------------------------------------------------------------------------------------- ------------------- --------------------

LOSS BEFORE PROVISION FOR TAXES                                                                 (309,668)             (550,938)

Provision for Taxes                                                                                   --                   --
------------------------------------------------------------------------------------- ------------------- --------------------

NET LOSS                                                                                    $    (309,668)     $     (550,938)
------------------------------------------------------------------------------------- ------------------- --------------------

WEIGHTED AVERAGE NUMBER OF COMMON SHARES

  OUTSTANDING - BASIC AND DILUTED                                                             47,353,574           46,343,806

NET LOSS PER SHARE - BASIC AND DILUTED                                                      $      (0.01)      $         (0.01)

------------------------------------------------------------------------------------- ------------------- --------------------
</TABLE>

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


                                      F-5
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA
STATEMENT OF CASH FLOWS

<TABLE>
<CAPTION>

Years Ended December 31,                                                                     2007                2006
------------------------------------------------------------------------------------- ------------------- --------------------
<S>                                                                                            <C>                   <C>
CASH FLOWS USED BY OPERATING ACTIVITIES

NET LOSS                                                                                       $(309,668)            $(550,938)

ADJUSTMENTS TO RECONCILE NET LOSS TO
  NET CASH FLOWS USED BY OPERATING ACTIVITIES:

Bad Debt Expense                                                                                   1,693                   --
Common Stock Issued as Compensation                                                                2,000                   --
Depreciation                                                                                      78,854              155,295
Interest on Advances from Stockholders                                                             9,726                   --
CHANGES IN ASSETS AND LIABILITIES:
Accounts Receivable                                                                                3,367               (10,749)
Inventory                                                                                          8,454              (7,235)
Accounts Payable                                                                                  (4,028)               (9,393)
Accrued Expenses                                                                                  31,434               15,749
Accrued Salaries - Related Party                                                                 109,000              120,000
------------------------------------------------------------------------------------- ------------------- --------------------

NET CASH FLOWS USED BY OPERATING ACTIVITIES                                                      (69,168)             (287,271)
------------------------------------------------------------------------------------- ------------------- --------------------

CASH FLOWS USED BY INVESTING ACTIVITIES

Acquisition of Property and Equipment                                                                 --                   --
------------------------------------------------------------------------------------- ------------------- --------------------

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

Advances (Repayments) from Stockholders                                                          (56,000)             197,725
Gain on Forgiveness of Debt                                                                     (136,537)                  --
Paid-In Capital                                                                                      --                56,840
Proceeds from Issuance of Common Stock                                                           283,000              167,000
Sale (Purchase) of Treasury Stock                                                                    --                38,200
Repayment of Notes and Capital Leases Payable                                                    (82,979)             (90,510)
------------------------------------------------------------------------------------- ------------------- --------------------

NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES                                                    7,484              369,255
------------------------------------------------------------------------------------- ------------------- --------------------


NET CHANGE IN CASH AND CASH EQUIVALENTS                                                         (61,684)               81,984

Cash and Cash Equivalents - Beginning of Year                                                     88,604                6,621
------------------------------------------------------------------------------------- ------------------- --------------------

CASH AND CASH EQUIVALENTS - END OF YEAR                                                         $ 26,920             $ 88,605
------------------------------------------------------------------------------------- ------------------- --------------------
</TABLE>

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

                                       F-6


<PAGE>


MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA
STATEMENTS OF CASH FLOWS - CONTINUED

<TABLE>
<CAPTION>

Years Ended December 31,                                                                            2007                 2006
------------------------------------------------------------------------------------- ------------------- --------------------
<S>                                                                                            <C>                   <C>
SUPPLEMENTAL DISCLOSURES

Interest Paid                                                                                  $  38,079             $ 52,041
Income Taxes Paid                                                                                     --                   --
------------------------------------------------------------------------------------- ------------------- --------------------
</TABLE>

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

                                      F-7
<PAGE>


MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE A -   NATURE OF OPERATIONS

           Mobile Area Networks, Inc. (the "Company") was incorporated on May
           23, 1996 in the State of Texas, and subsequently transferred all of
           its assets to a Florida Corporation of the same name, which was
           formed for the purpose of providing all aspects of wireless data
           communication including LAN-speed data connectivity service to remote
           home-office network services and to the Internet from frequently
           traveled routes and places such as hotels and airports.

           Operations of the Company up to the date of acquiring the assets of
           Vintage Industries, Inc. ("Plastics Services"), was devoted primarily
           to product development and marketing, raising capital, administrative
           activities and deployment of communications network infrastructure
           and service demonstration systems for both the MobiLAN(R) and
           Learningport.com(TM) services. Since the date of the Vintage
           acquisition agreement, the operations of the Company have been
           devoted primarily to assimilating the assets and operations of these
           Plastics Services into the Company. The primary business function of
           the Plastics Services assets is the design, engineering, production
           of intricate plastic molds, and the production of plastic and rubber
           parts.

           Resources of the Company up to the date of the acquisition of these
           Plastics Services facilities, were devoted to marketing its wireless
           internet services. Since the date of the assets acquisition
           agreement, the resources of the Company have been devoted to
           assimilating consolidating the assets and operations of Plastics
           Services into the Company. Both MobiLAN(R) and Learningport.com(TM)
           no longer continue as separate divisions of the Company.

NOTE B -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

           METHOD OF ACCOUNTING

           The Company maintains its books and prepares its financial statements
           on the accrual basis of accounting.

           CASH AND CASH EQUIVALENTS

           Cash and cash equivalents include time deposits, certificates of
           deposit, and all highly liquid debt instruments with original
           maturities of three months or less.

           ALLOWANCE FOR DOUBTFUL ACCOUNTS AND BAD DEBTS

           The Company provides for estimated losses on accounts receivable
           based on prior bad debt experience and a review of existing
           receivables. Based on these factors, there is an allowance for
           doubtful accounts of $35,000 as of December 31, 2007 and at December
           31, 2006.


                                      F-8
<PAGE>


MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE B -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

           INVENTORY

           Inventory consists of raw materials, work-in-process, and finished
           goods, and is stated at the lower of cost or market using the
           first-in, first-out method.

           PROPERTY, EQUIPMENT AND DEPRECIATION

           Property and equipment are stated at cost, less accumulated
           depreciation computed using the straight line method over the
           estimated useful lives as follows:

                 Manufacturing Equipment                            5 Years
                 Computer Equipment and Software                    5 Years
                 Office Furniture and Equipment                 5 - 7 Years
                 Leasehold Improvements                             5 Years

           Maintenance and repairs are charged to expense. The cost of the
           assets retired or otherwise disposed of and the related accumulated
           depreciation are removed from the accounts.

           ADVANCES FROM STOCKHOLDERS

           Advances from stockholders consists of advances due on demand for
           working capital purposes. The amount due has an unstated interest
           rate and contains no formal repayment terms. Accordingly, the Company
           has imputed interest at the prime rate plus 1%. Imputed interest
           expense for the years ended December 31, 2007 and 2006 was $9,726 and
           $2,201, respectively.

           REVENUE RECOGNITION

           Revenues from product sales are recognized when both the goods are
           shipped and the customer's right of return has expired for Plastics
           Services. Unearned revenue results from deposits received on jobs
           still in progress.

           In accordance with the provisions of the AICPA's Statement of
           Position 97-2, "Software Revenue Recognition", revenue is recognized
           as sales orders are received in the Learningport.com(TM) division.

           In the MobiLAN(R) division, revenue is recognized as data
           communication and consulting services are provided or upon sale and
           or installation of related computer hardware and software.

           USE OF ESTIMATES

           The preparation of financial statements in conformity with generally
           accepted accounting principles requires management to make estimates
           and assumptions that affect the reported amounts of assets and
           liabilities and disclosure of contingent assets and liabilities at
           the date of the financial statements and the reported amounts of
           revenues and expenses during the reporting period. Actual results can
           differ from those estimates.

           CONCENTRATIONS OF CREDIT RISK

           Financial instruments, which potentially expose the Company to
           significant concentrations of credit risk, consist principally of
           bank deposits, which may at times exceed federally insured limits,
           and trade accounts receivable. The Company had no cash balances that
           exceeded insured limits at December 31, 2007 or 2006. Cash is placed
           primarily in high quality short-term interest bearing financial
           instruments.



                                      F-9
<PAGE>



MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------


NOTE B -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

           CONCENTRATIONS OF CREDIT RISK - CONTINUED

           The Company had two significant customers representing forty three
           (43%) and twelve (12%) of total 2007 sales. In 2006, two significant
           customers represented twenty-one (21%) and eighteen (18%) of total
           sales for the year. Also, the two significant customers comprised
           approximately eighty two percent (82%) of the accounts receivable
           balance at December 31, 2007. As of December 31, 2006, two
           significant customers comprised approximately thirty (30%) of the
           accounts receivable balance.

           The Company periodically monitors the credit worthiness of its
           customers to which it grants credit terms in the ordinary course of
           business and maintains an allowance for anticipated credit losses.

           FAIR VALUE OF FINANCIAL INSTRUMENTS

           The fair value of cash and cash equivalents, accounts receivables,
           inventory, security deposits, accounts payable, and accrued expenses
           approximated book value at December 31, 2007 and 2006, because of the
           immediate or short-term maturity of these financial instruments.

           The fair value of property and equipment, line of credit, notes and
           capital leases payable, and advances from stockholders could not be
           obtained without incurring excessive costs as they have no readily
           determinable market price.

           STOCK TRANSACTIONS

           Shares of common stock or common stock equivalents issued for
           services performed are valued at either the fair value of the equity
           instruments issued or the value of services performed, whichever is
           the more reliable measure.

           During the year ended December 31, 2007, one officer was issued stock
           in satisfaction of services to the Company.

           NET LOSS PER COMMON SHARE

           Net loss per common share is computed in accordance with SFAS No.
           128, "Earnings Per Share." Basic Earnings Per Share is calculated by
           dividing loss available to common stockholders by the weighted
           average number of common shares outstanding for each period. Diluted
           Earnings per share is the same as Basic Earnings Per Share since no
           common stock equivalents were outstanding for the years ended
           December 31, 2007 and 2006.

           RECLASSIFICATIONS

           Certain amounts in the prior year financial statements have been
           reclassified to conform to the current year presentation.


                                      F-10
<PAGE>



MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE B -   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED

           INCOME TAXES

           The Company accounts for income taxes in accordance with SFAS No.
           109, "Accounting for Income Taxes," using the asset and liability
           approach, which requires recognition of deferred tax liabilities and
           assets for the expected future tax consequences of temporary
           differences between the carrying amounts and the tax basis of such
           assets and liabilities. This method utilizes enacted statutory tax
           rates in effect for the year in which the temporary differences are
           expected to reverse and gives immediate effect to changes in income
           tax rates upon enactment. Deferred tax assets are recognized, net of
           any valuation allowance, for temporary differences and net operating
           loss and tax credit carry forwards. Deferred income tax expense
           represents the change in net deferred tax assets and liability
           balances. The Company had no material deferred tax assets or
           liabilities at December 31, 2007 and 2006.

           PROVISION FOR INCOME TAXES

           Deferred income taxes result from temporary differences between the
           basis of assets and liabilities recognized for differences between
           the financial statement and tax basis thereon, and for the expected
           future tax benefits to be derived from net operating losses and tax
           credit carry forwards. The Company has approximately five
           million-three hundred thousand dollars ($5.6 million) in net
           operating losses as of December 31, 2007, and a valuation allowance
           equal to the tax benefit of the accumulated net operating losses has
           been established since it is uncertain that future taxable income
           will be realized during the applicable carry-forward periods.
           Accordingly, no income tax provision has been recognized in the
           accompanying financial statements.

NOTE C -   ACCOUNTS RECEIVABLE

           Accounts receivable consisted of the following:
<TABLE>
<CAPTION>

           December 31,                                                                             2007             2006
           ---------------------------------------------------------------------------- ----------------- ----------------

<S>                                                                                             <C>              <C>
           Trade                                                                                $ 59,698         $ 64,757
           Reproductions                                                                              --               --
           ---------------------------------------------------------------------------- ----------------- ----------------
                                                                                                $ 59,698         $ 64,757
           Less:  Allowance for Doubtful Accounts                                                 35,000           35,000
           ---------------------------------------------------------------------------- ----------------- ----------------

           Net Accounts Receivable                                                              $ 24,698         $ 29,757
           ---------------------------------------------------------------------------- ----------------- ----------------
</TABLE>


NOTE D -   INVENTORY

           Inventory consisted of the following:
<TABLE>
<CAPTION>

           December 31,                                                                             2007             2006
           ---------------------------------------------------------------------------- ----------------- ----------------

<S>                                                                                             <C>               <C>
           Raw Materials                                                                        $ 31,019          $ 33,830
           Work-in-Process                                                                        16,388           21,032
           Finished Goods                                                                             --                --
           ---------------------------------------------------------------------------- ----------------- ----------------

           Total Inventory                                                                      $ 46,407          $ 54,862
           ---------------------------------------------------------------------------- ----------------- ----------------
</TABLE>


                                      F-11
<PAGE>

NOTE E -   PROPERTY AND EQUIPMENT

           Property and equipment consisted of the following:
<TABLE>
<CAPTION>

           December 31,                                                                             2007             2006
           ---------------------------------------------------------------------------- ----------------- ----------------

<S>                                                                                            <C>             <C>
           Manufacturing Equipment                                                             $ 772,462       $  772,462
           Computer Equipment and Software                                                        66,912           66,912
           Office Furniture and Equipment                                                         42,725           42,725
           Leasehold Improvements                                                                 42,921           42,921
           ---------------------------------------------------------------------------- ----------------- ----------------
                                                                                               $ 925,020        $ 925,020
           Less:  Accumulated Depreciation                                                       918,272          839,418
           ---------------------------------------------------------------------------- ----------------- ----------------

           Net Property and Equipment                                                          $   6,748         $ 85,602
           ---------------------------------------------------------------------------- ----------------- ----------------
</TABLE>

           Depreciation expense for the years ended December 31, 2007 and 2006
           was $78,854 and $155,295, respectively.

NOTE F -   NOTES AND CAPITAL LEASES PAYABLE

           Notes and capital leases payable consisted of the following:
<TABLE>
<CAPTION>

           December 31,                                                                            2007              2006
           --------------------------------------------------------------------------- ----------------- -----------------
<S>                                                                                         <C>           <C>

           NOTES PAYABLE
           BUSINESS LOAN CENTER, INC.

           Note payable due December, 2007, payable in monthly installments of
           $4,209, including principal and interest at prime plus 2 3/4% (10.00%
           at December 31, 2006). The loan is secured by all assets of Vintage
           Industries, Inc., with personal guarantees by four shareholders of
           Vintage Industries, Inc. and their spouses, with their residences
           pledged as additional security, assignment of life insurance in the
           amount of $350,000 on each of the Vintage Industries, Inc.
           stockholders, and a guarantee by the Small Business Association.                  $        --         $ 12,830

           GE CAPITAL SMALL BUSINESS FINANCE CORPORATION (NOW CEDED TO BUSINESS
           LOAN CENTER, INC.) Note payable due June, 2008, payable in monthly
           installments of $6,955, including principal and interest at prime
           plus 2 1/4% (9.50% at December 31, 2007). The loan is secured by
           certain equipment of Vintage Industries, Inc. in excess of $350,000
           with personal guarantees by four shareholders of Vintage Industries,
           Inc. with their residences pledged as additional
           security, and a guarantee by the Small Business Association.                          53,512           123,661


           --------------------------------------------------------------------------- ----------------- -----------------
</TABLE>


                                      F-12
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA


NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE F -   NOTES AND CAPITAL LEASES PAYABLE - CONTINUED
<TABLE>
<CAPTION>

           December 31,                                                                            2007              2006
           --------------------------------------------------------------------------- ----------------- -----------------

<S>                                                                                            <C>               <C>
           Total Notes and Capital Leases Payable                                              $ 53,512          $ 136,491

           Less:  Amount Due Within One Year                                                     53,512            96,290
           --------------------------------------------------------------------------- ----------------- -----------------

           Amount Due After One Year                                                           $      --         $  40,201
           --------------------------------------------------------------------------- ----------------- -----------------
</TABLE>

           Annual maturities of notes and capital leases payable for the five
           years succeeding December 31, 2007 are as follows:
<TABLE>
<CAPTION>

                        2008            2009            2010             2011            2012      Thereafter            Total
           ------------------ --------------- --------------- ---------------- --------------- --------------- ----------------
<S>                 <C>                <C>              <C>              <C>             <C>             <C>          <C>
                    $ 53,512           $ --             $ --             $ --            $ --            $ --         $ 53,512
           ------------------ --------------- --------------- ---------------- --------------- --------------- ----------------
</TABLE>


           Interest expense on the notes and capital leases payable for the
           years ended December 31, 2007 and 2006 was $38,079 and $52,041,
           respectively


                                      F-13
<PAGE>



MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS

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

NOTE G -   LEASES

           On November 11, 2002, the Company entered into a building sub-lease
           for office and manufacturing space, with an unrelated third party.
           The term of the lease was for five years. This sub-lease was
           subsequently negotiated into a master lease on July 31, 2003 and
           renewed again on September 1, 2007. The lease covers 25,000 square
           feet for a term of five years with two options to renew for two years
           each. The details are further itemized in Part I, Item 2, Description
           of Property.

           Future minimum lease payments for the five years succeeding December
           31, 2007 is as follows:
<TABLE>
<CAPTION>

                          2008              2009              2010               2011              2012             Total
           -------------------- ----------------- ----------------- ------------------ ----------------- -----------------
<S>                  <C>               <C>               <C>                 <C>              <C>               <C>
                     $ 142,881         $ 148,226         $ 153,555           $158,883         $ 164,212         $ 767,757
           -------------------- ----------------- ----------------- ------------------ ----------------- -----------------
</TABLE>

           During 2006, the Company exchanged all of its Treasury Stock with its
           landlord for approximately eight months of rent. The difference
           between the fair market value of the shares of stock at the effective
           date of the exchange and the cost of the Treasury Stock has been
           credited to Paid-In Capital.

NOTE H -   ACQUISITIONS

           VINTAGE INDUSTRIES, INC.

           On August 12, 2002, Mobile Area Networks, Inc. ("the Company")
           entered into an asset purchase agreement to acquire all of the
           operating assets of Vintage Industries, Inc. ("Vintage") in a stock
           for assets purchase. A portion of the results of Vintage's operations
           have been included in the Company's financial statements since that
           date. The assets acquired consisted of remnants of an on going
           business with computerized plastics molds engineering and
           manufacturing equipment including a complete machine tool shop,
           patents pending for a process that rapidly produces plastic injection
           molds, numerous plastics injection molds and molding presses, all
           office and support equipment, and the then existing customer base of
           the company.

           The Company pledged 1,440,000 shares of Restricted Common Stock, with
           a fair market value of approximately $274,000 according to the
           trading price of public shares on the day of the agreement, to be
           disbursed among the then shareholders of and by Vintage Industries,
           Inc. Vintage was to be dissolved in a timely manner, and future
           operations were to continue as a business segment of the Company. The
           Company also agreed to assume responsibility for Certain Current and
           long-term liabilities of Vintage. After the issuance of the shares
           used in this transaction, the effect would be that the former
           shareholders of Vintage would then own jointly approximately four
           percent (4%) of the then outstanding shares of the Company. The
           agreement also includes a Non-Competition Agreement from the former
           shareholders of Vintage for three years as well as a stock share
           "leak-out" restriction clause.


                                      F-14
<PAGE>



MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE I -   LITIGATION

           On October 3, 2002, a complaint was filed against the Company with
           the Circuit Court of Seminole County, Florida by David Byron, a
           former officer, former employee, and former shareholder of Vintage
           Industries, Inc., for non-delivery of 288,000 shares of Restricted
           Common Stock of Mobile Area Networks, Inc., per a general mutual
           release and separation agreement between Vintage Industries, Inc. and
           Mr. Byron. Mr. Byron is seeking immediate delivery of 288,000 shares
           of restricted common stock of Mobile Area Networks, Inc. and damages
           in the amount of the value of the stock. The Company is withholding
           delivery of the shares to Vintage Industries, Inc., as it was agreed
           to in its acquisition Agreement pending the return of various Vintage
           Industries owned assets which remain allegedly held in the possession
           of and by Mr. Byron, and which were pledged to GE Capital and others
           as part of loan security agreements with Vintage. The Company intends
           to vigorously defend its position as the Company has never entered
           into any Agreement of any nature whatsoever with Mr. Byron. Therefore
           the Company does not believe the range of loss, if any, can be
           reasonably estimated at this time. Accordingly, no provision for
           possible loss has been made in these financial statements.

           There has never been at any time, any agreement made by or between
           Mobile Area Networks, Inc. and Mr. Byron relating to stock shares or
           any other matter whatsoever.

                                      F-15
<PAGE>

MOBILE AREA NETWORKS, INC.
(A FLORIDA CORPORATION)
SANFORD, FLORIDA

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

NOTE J -   RELATED PARTY TRANSACTION

           The Company's President and Chief Executive Officer has continued to
           defer a large portion of his salary until such time as the Company's
           cash position will allow such payments. Compensation of $120,000 per
           year has been accrued and accounted for in the accompanying financial
           statements under the Accrued Salaries - Related Party caption on the
           Balance Sheet. During 2007, the Company's President was paid $11,000
           and $109,000 was accrued. It is acknowledged by the Company's
           management and ratified by its Board of Directors that this deferred
           salary along with personal notes to the Company by the CEO and his
           wife are considered wages and is the most superior lien and bond
           against all of the Company's assets.

NOTE K -   GOING CONCERN

           The Company's financial statements have been presented on the basis
           that it is a going concern, which contemplates the realization of
           assets and the satisfaction of liabilities in the normal course of
           business.

           The Company has reported net losses of $309,668 and $550,938 for the
           years ended December 31, 2007 and 2006, respectively. As a result,
           there is an accumulated deficit of $5,577,323 at December 31, 2007.
           The primary causes of the losses are attributable to the write-off of
           un-collectible receivables and increased operating costs, due to the
           acquisition of the Plastics Services operations in 2002, and general
           operating costs associated with start-up activities, while generating
           minimal revenue.

           The Company's continued existence is dependent upon its ability to
           raise capital and/or achieving profitable operations. The Company
           continues to attempt to raise sufficient working capital through
           equity offerings, and to restructure debt to lower its monthly debt
           service payments. The Company continues to fund operational deficits
           through equity financing through private individuals. The Company is
           currently pursuing other capital sources. The financial statements do
           not include any adjustments that might be necessary should the
           Company be unable to continue as a going concern.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE.

None -


                                      F-16
<PAGE>


                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16(A) OF THE EXCHANGE ACT.



(A)                   DIRECTORS AND EXECUTIVE OFFICERS:

During the year 2007 the following individuals comprised the Board of Directors
and management team. Consistent with Florida corporate law and the Company's
By-Laws, the Company's Board of Directors may by unanimous vote increase the
number of Board members from time to time and or to elect members to fill
vacancies if any.

GEORGE E. WIMBISH, age 64, is a founder of the Company and its concept, and has
been a Director of the predecessor Texas Company since November 3, 1996, and
Chairman, President and CEO since March 28, 1997. His term of office is yearly
until a successor is chosen. His business experience for the past 5 years
includes serving as the Company's Chief Executive Officer. Mr. Wimbish does not
serve as a Director in any other public company. He resides in Heathrow,
Florida.

JEROME L. NETTUNO, age 45, is the CEO of Edgeinova International Inc., a private
software development company. He has extensive experience consulting in such
matters as financial planning. Mr. Nettuno has been a valued resource to the
Company since its inception. He does not serve as a director of any other public
company. He resides in Bozeman, Montana.

NOAH V. SAVANT, age 64, attended McNeese State University in Lake Charles, LA.
He is the Vice President of Communications Workers of America in Atlanta, GA. He
has been the Chief negotiator for all Bell South Agreements and is very active
in legislative and political issues. He has served budget director for C.W.A.
district 3. He does not serve as a director of any other public company. He
resides in Covington, GA.

JERALD R. HOEFT, CPA, age 65, was appointed Chief Financial Officer in January,
2001. Mr. Hoeft has been a practicing CPA in the Orlando area since the end of
1998. Prior to 1999, he was in the financial services industry for over
twenty-five years where he served as a chief financial officer and director for
several leading public and privately-held companies. Mr. Hoeft does not serve as
a Director in any other public company. He resides in Heathrow, Florida.

JUDY D. WIMBISH: Corporate Secretary and Executive Assistant to the CEO. Mrs.
Wimbish is the wife of the CEO and has served full time with only token
compensation since the beginning of 1998 until the present.

(B)                   SIGNIFICANT EMPLOYEES AND CONSULTANTS

PAUL SAVAGE: Research and Development Director. Mr. Savage has more than 25
years experience in Principal wireless product design in digital, analog, RF,
and microwave circuit design. He also possesses extensive field experience in
the implementation of wireless on towers and other locations. Mr. Savage
currently serves in a consulting role to the Company.

ANGEL MARTINEZ: Computer Analyst with vast knowledge and experience in software
applications including database and Electronic Commerce systems. Mr. Martinez
was an early private investor in the Company and has served as a volunteer
technical resource since 1998. He became a full-time employee in January, 2000,
and in the third quarter of 2001 chose to revert to part-time consultant status
and remains available as needed.

(C)                   FAMILY RELATIONSHIPS

Judy D. Wimbish who serves as Executive Assistant, is the wife of CEO and
majority shareholder George Wimbish, whose shares are jointly owned by Mrs.
Wimbish. She currently serves full time and has received only token compensation
to date.

(D)                   CERTAIN LEGAL PROCEEDINGS:

The Company is not aware of any legal proceedings within the last five years
against any Director, Officer, Significant Employee, or candidate for any such
position involving a petition under the Bankruptcy Act or any State insolvency
law or of any receiver, fiscal agent or similar officer appointed by a court for
the business or property of such person or any partnership in which he was
general partner or within two (2) years before the time of such filing, or any

                                       5
<PAGE>

corporation or business association of which he was an executive officer at or
within two (2) years before the time of such filing; nor is the Company aware of
any of the above-mentioned persons being convicted in a criminal proceeding;
except as follows: NONE

ITEM 10. EXECUTIVE COMPENSATION.

The Company's current policy is that Directors serve without compensation.
However, in the future it may be in the Company's best interests to compensate
Directors in a manner that will attract the most qualified people to serve on
the Company's Board. Through December 31, 2007 the officers of the Company have
served mostly without compensation other than the allowance to acquire
Restricted founders stock at a preferred price. Mr. Wimbish was paid $11,000 in
2007. The Company's management may determine when it is in the best interest of
the Company to compensate Officers and Directors. For the years 1998 through
2007, Mr. Wimbish's annual salary was approved to be $120,000, a portion of
which has not been collected and remains in accrued expenses on the 2007 and
2006 balance sheets.

                                       6
<PAGE>

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

The following table sets forth certain information regarding beneficial
ownership of the Company's Common Stock as of December 31, 2007 with respect to
each director and officer and any person who is known to the Company to be the
beneficial owner of five percent (5%) or more of the Company's outstanding
Common Stock. Also set forth in the table is the beneficial ownership of all
shares held by all directors and officers, individually and as a group.

--------------------------------------------------------------------------------
(1)                                             (2)                    (3)
--------------------------------------------------------------------------------
NAME  AND  ADDRESS
OF  OWNER.                                SHARES OWNED              PERCENT

George E. Wimbish*                         25,500,000(a)             52.88%
Director, Chairman, President, & CEO
2772 Depot Street
Sanford, Fl 32773

Judy D. Wimbish*-Secretary, Jointly owns all shares with George Wimbish, CEO.

Dr. Robert M. Good                          2,150,000(a)(c)           4.46%
1282 Regency Place
Heathrow, FL  32746

Jerald R. Hoeft                               320,000(d)               .66%
Chief Financial Officer-Treasurer
Company Address

Jerome L. Nettuno                             978,000(d)              2.03%
Director
Company Address

Noah V. Savant                                 15,000                 0.03%
Director
Company Address

--------------------------------------------------------------------------------
Subtotal                                   28,963,000                60.06%

Other Private Shareholders                 17,071,780(b)             35.40%(c)

Publicly traded shares                      2,191,300                 4.54%

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

TOTAL                                      48,226,080                100.0%

     (a)  Within the knowledge of the issuer, no other person holds or shares
          the power to vote or direct the voting of securities described
          pursuant to subsection (a) above. No other person holds shares or the
          power to vote 5% or more of the issuer's voting securities.

     (b)  The Company may utilize private stock shares as incentive or
          compensation for the product and service marketing efforts of the
          Company's employees, when appropriate.

     (c)  Some of the restricted shares included in this total have been
          conditionally assigned to certain employees or consultants with
          performance and or tenure requirements. The possibility that all of
          these private shares may or may not be rescinded would not
          dramatically affect this percentage.

     (d)  A portion of these shares were acquired in private transactions
          between unrelated private shareholders.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

All transactions during the previous two years and any presently proposed
transaction to which the issuer is a party in which any person having a
relationship with the issuer has a direct or indirect material interest are the
following transactions, and no others:

None.

                                       7
<PAGE>

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K.

(a)   Exhibits

      Exhibit 31      CERTIFICATION PURSUANT TO THE SARBANES-OXLEY ACT

      Exhibit 32      CERTIFICATION



(b) Reports on Form 8-K

      The Company filed an 8-K/A as amended on February 1, 2007.

                                       8
<PAGE>

                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                           MOBILE AREA NETWORKS, INC.

                            By:  /s/ George Wimbish
                                 ---------------------
                                 George Wimbish

                                 President & CEO

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in capacities and on the dates
indicated.
<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------
Signature                             Title                                              Date
--------------------------------------------------------------------------------------------------------
<S>                            <C>                                                    <C>


/s/ George Wimbish             Director, Chairman, President, Chief Executive.        March 28, 2008
------------------------
George Wimbish

/s/ Jerald R. Hoeft            Chief Financial Officer                                March 28, 2008
------------------------
Jerald R. Hoeft

/s/ Jerome L. Nettuno          Director                                               March 28, 2008
------------------------
Jerome L. Nettuno

/s/ Noah V. Savant             Director                                               March 28, 2008
------------------------
Noah V. Savant

</TABLE>

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