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

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                  FORM 10-QSB/A
                                (AMENDMENT NO. 1)


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

                FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2006

                                      -OR-

              [_] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

           For the transition period from ____________ to ____________

Commission file number:    333-120507



                                SPEECHSWITCH, INC
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


NEW JERSEY                                                           20-1862816
--------------------------------------------------------------------------------
(State or other jurisdiction of                                (I.R.S. Employer
 incorporation or organization)                              Identification No.)


750 HIGHWAY 34
MATAWAN, NJ                                                               07747
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                              (Zip Code)



Registrant's Telephone Number, Including Area Code:            (732) 441-7700

Securities registered under Section 12(b) of the Exchange Act:  NONE.

Securities registered under Section 12(g) of the Exchange Act:  CLASS A COMMON
                                                                STOCK, NO PAR
                                                                VALUE PER SHARE

Indicate by check mark whether the registrant (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 such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES [X]  NO [_]

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

Number of shares of Class A Common Stock, no par value, outstanding as of
January 10, 2007:   33,503,280

Explanatory Note. Part I Item 3, Controls and Procedures has been revised.

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<PAGE>

                                TABLE OF CONTENTS
                                -----------------



PART I.  FINANCIAL INFORMATION

         Item 1.  Condensed Financial Statements (Unaudited)

                  Balance Sheet - September 30, 2006 ...................       2

                  Statements of Operations -
                  For the nine months and three months ended
                  September 30, 2006 and 2005 ..........................       3

                  Statements of Cash Flows -
                  For the nine months ended September 30, 2006
                  and 2005 .............................................       4

                  Notes to Condensed Financial Statements ..............  5 - 16

         Item 2.  Management's Discussion and Analysis of
                  Financial Condition or Plan of Operation ............. 17 - 22

         Item 3.  Controls and Procedures ..............................      23




PART II. OTHER INFORMATION

         Item 6.  Exhibits .............................................      24


<PAGE>
                               SPEECHSWITCH, INC.
                       CONDENSED BALANCE SHEET (Unaudited)
                               SEPTEMBER 30, 2006


                                     ASSETS
                                     ------

CURRENT ASSETS
  Cash and cash equivalents                                      $   353,496
  Accounts receivable                                                 20,402
  Prepaid expenses                                                    15,555
                                                                 -----------

      Total current assets                                           389,453
                                                                 -----------

OTHER ASSETS
  Intangible assets, net                                               9,976
                                                                 -----------

TOTAL ASSETS                                                     $   399,429
                                                                 ===========

                       LIABILITIES & STOCKHOLDERS' DEFICIT
                       -----------------------------------

CURRENT LIABILITIES
  Accounts payable and accrued expenses                          $   407,854
  Due to related parties                                             144,313
  Notes payable to related parties                                   155,546
  Deferred maintenance contracts                                       1,181
  Sales tax payable                                                      921
  Notes payable                                                    1,000,000
                                                                 -----------

      Total current liabilities                                    1,709,815
                                                                 -----------

STOCKHOLDERS' (DEFICIT)
Preferred stock, $1.00 par value; authorized 1,000,000 shares;          --
  no shares issued and outstanding
Common stock:
  Class A - no par value; authorized 10,000,000,000 shares;
   29,366,197 shares issued, 28,403,568 shares outstanding
   and 962,629 shares in escrow                                      314,229
  Class B - $.01 par value; authorized 50,000,000 shares;               --
   no shares issued and outstanding
  Class C - $.01 par value; authorized 20,000,000 shares;               --
   no shares issued and outstanding
Additional paid in Capital                                         2,147,688
Accumulated deficit                                               (3,772,303)
                                                                 -----------
      Total stockholders' (deficit)                               (1,310,386)
                                                                 -----------

TOTAL LIABILITIES & STOCKHOLDERS' (DEFICIT)                      $   399,429
                                                                 ===========

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

                                        2
<PAGE>
                                SPEECHSWITCH, INC
                 CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
<TABLE><CAPTION>

                                                            For the Nine Months Ended       For the Three Months Ended
                                                                   September 30,                   September 30,
                                                           ----------------------------    ----------------------------
                                                               2006            2005            2006            2005
                                                           ------------    ------------    ------------    ------------
<S>                                                        <C>             <C>             <C>             <C>
SALES, net                                                 $    240,484    $     81,029    $    195,722    $     35,037

COST OF SALES                                                    36,026          38,654          17,626          17,925
                                                           ------------    ------------    ------------    ------------

GROSS PROFIT                                                    204,458          42,375         178,096          17,112
                                                           ------------    ------------    ------------    ------------

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
   Selling and marketing expenses                                97,130          79,445          35,196          36,421
   General and administrative expenses                          264,168         455,840          90,009         249,298
   Research and development expenses                             46,956          35,110          16,739          15,000
   Depreciation and amortization                                  2,554           1,244             851           1,244
                                                           ------------    ------------    ------------    ------------
Total selling, general and administrative expenses              410,808         571,639         142,795         301,963
                                                           ------------    ------------    ------------    ------------

INCOME (LOSS) FROM OPERATIONS                                  (206,350)       (529,264)         35,301        (284,851)
                                                           ------------    ------------    ------------    ------------

OTHER INCOME (EXPENSE)
   Other income                                                   7,175           5,430           2,854           2,402
   Write-off of financing costs                                    --           (20,000)           --              --
   Interest expense                                            (205,974)        (79,658)        (63,087)        (56,171)
                                                           ------------    ------------    ------------    ------------
Total other income (expense)                                   (198,799)        (94,228)        (60,233)        (53,769)
                                                           ------------    ------------    ------------    ------------

(LOSS) FROM OPERATIONS BEFORE PROVISION FOR INCOME TAXES       (405,149)       (623,492)        (24,932)       (338,620)

PROVISION FOR INCOME TAXES                                         --              --              --              --
                                                           ------------    ------------    ------------    ------------

NET (LOSS) APPLICABLE TO COMMON SHARES                     $   (405,149)   $   (623,492)   $    (24,932)   $   (338,620)
                                                           ============    ============    ============    ============

NET (LOSS) PER COMMON SHARE
   Basic and diluted                                       $      (0.02)   $      (0.06)   $      (0.00)   $      (0.03)
                                                           ============    ============    ============    ============

WEIGHTED AVERAGE SHARES OUTSTANDING
   Basic and diluted                                         17,590,251      10,013,984      22,296,862      10,013,984
                                                           ============    ============    ============    ============
</TABLE>
              The accompanying notes are an integral part of these
                         condensed financial statements.

                                        3
<PAGE>
                               SPEECHSWITCH, INC.
                 CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005
<TABLE><CAPTION>
                                                                         2006           2005
                                                                     -----------    -----------
<S>                                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)                                                           $  (405,149)   $  (623,492)
   Adjustments to reconcile net (loss) to net cash (used in)
   operating activities
   Depreciation and amortization                                           2,554          1,200
   Issuance of common stock for repayment of legal fees                   56,850           --
   Issuance of common stock for repayment of deferred compensation        78,733           --
   Issuance of common stock for public relations fees                      8,595           --
   Changes in operating assets and liabilities:
      (Increase) in accounts receivable                                     (508)        (3,763)
      (Increase) in inventory                                               --           (1,664)
      (Increase) in prepaid expenses                                      (9,276)          --
      Increase in accounts payable and accrued liabilities                86,761         15,715
      Increase in due to related parties                                   6,643         61,366
      Increase (decrease) in deferred maintenance contracts                 (227)           744
                                                                     -----------    -----------
      Total cash (used in) operating activities                         (175,024)      (549,894)
                                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES
   Issuance of common stock through equity financing                     152,519           --
   Issuance costs incurred through equity financing                      (23,719)          --
   Sale of convertible debentures                                           --          200,000
                                                                     -----------    -----------
      Net cash provided by financing activities                          128,800        200,000
                                                                     -----------    -----------

NET (DECREASE) IN CASH AND CASH EQUIVALENTS                              (46,224)      (349,894)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                          399,720        576,232
                                                                     -----------    -----------
CASH AND CASH EQUIVALENTS - END OF PERIOD                            $   353,496    $   226,338
                                                                     ===========    ===========

CASH PAID DURING THE PERIOD FOR:
   Interest expense                                                  $      --      $      --
                                                                     ===========    ===========
   Income taxes                                                      $      --      $      --
                                                                     ===========    ===========
</TABLE>

SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:
For the nine months ended September 30, 2006:

     The Company issued 2,250,000 shares of Class A common stock, with a total
     value of $14,800 for legal services of the Company as repayment of accrued
     legal fees. The fair market value of the shares was $56,850, resulting in a
     charge to beneficial interest of $42,050.

     The Company issued 4,012,917 shares of Class A common stock, with a total
     value of $25,814 to an officer of the Company as repayment of promissory
     note. The fair market value of the shares was $78,733, resulting in a
     charge to beneficial interest of $51,919.

     The Company issued 10,425,371 shares of Class A common stock per the Equity
     Line of Credit with Cornell Capital for the net proceeds of $128,800.

     The Company issued 1,000,000 shares of Class A common stock of the Company
     as payment of Public Relations fees, value of the stock was $8,595.

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

                                        4
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)
                               SEPTEMBER 30, 2006


NOTE 1 - BACKGROUND
-------------------

The condensed unaudited interim financial statements included herein have been
prepared, without audit, pursuant to the rules and regulations of the Securities
and Exchange Commission ("SEC"). The condensed financial statements and notes
are presented as permitted on Form 10-QSB and do not contain information
included in the Company's annual statements and notes. Certain information and
footnote disclosures normally included in financial statements prepared in
accordance with accounting principles generally accepted in the United States of
America have been condensed or omitted pursuant to such rules and regulations,
although the Company believes that the disclosures are adequate to make the
information presented not misleading. It is suggested that these condensed
financial statements be read in conjunction with the December 31, 2005 audited
financial statements and the accompanying notes thereto. While management
believes the procedures followed in preparing these condensed financial
statements are reasonable, the accuracy of the amounts are in some respects
dependent upon the facts that will exist, and procedures that will be
accomplished by the Company later in the year.

These condensed unaudited financial statements reflect all adjustments,
including normal recurring adjustments which, in the opinion of management, are
necessary to present fairly the operations and cash flows for the periods
presented.

SpeechSwitch, Inc. ("SpeechSwitch" or "Company") was incorporated under the laws
of New Jersey on November 10, 2004 as a wholly owned subsidiary of iVoice, Inc.
("iVoice"). The Company received by assignment all of the interests in and
rights and title to, and assumed all of the obligations of, all of the
agreements, contracts, understandings and other instruments of iVoice Technology
3, Inc., a Nevada corporation and affiliate of the Company. When we refer to or
describe any agreement, contract or other written instrument of the Company in
these notes, we may also be referring to an agreement, contract or other written
instrument that had been entered into by iVoice Technology 3 and thereafter
assigned to the Company.

In September 2004, the Board of Directors of iVoice, Inc. the former parent of
the Company, resolved to pursue the separation of iVoice software business into
three publicly owned companies. SpeechSwitch intends to continue to develop,
market and license the automated speech attendant software, which runs on
industry-standard hardware and performs speech recognition.

A spin-off transaction was accomplished, on August 5, 2005, by the assignment,
contribution and conveyance of certain intellectual property, representing the
software codes of speech recognition, and certain accrued liabilities and
related party debt into SpeechSwitch (the "Spin-off"). The Class A Common Stock
shares of the Company were distributed to iVoice shareholders in the form of a
taxable special dividend distribution.

In conjunction with the Spin-off, SpeechSwitch entered into a temporary
administrative service agreement with iVoice. This agreement will continue on a
month-to-month basis until such time as we are able to replace any or all of the
services currently being provided by iVoice.

                                        5
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 1 - BACKGROUND (CONTINUED)
-------------------

On August 5, 2005, SpeechSwitch assumed $190,000 in accrued liabilities and
related party debt incurred by iVoice. The debt assumed is convertible into
SpeechSwitch Class B Common Stock at the option of the holder as later described
in these notes.

On August 4, 2005, the Company received notice from the SEC that the
registration statement to effectuate the Spin-off of the SpeechSwitch from
iVoice was declared effective and the Company immediately embarked on the
process to spin off SpeechSwitch from iVoice.


NOTE 2 - BUSINESS OPERATIONS
----------------------------

The Company will continue to develop, market and license the lines of business
relating to iVoice's Speech-Enabled Auto Attendant, Name Dialer and Speech
Software Developers Kit (Speech SDK) products, which were developed by iVoice.
Speech recognition is used to recognize what a person says, and through the use
of natural language understanding, derives the meaning of what is said. The
Company also offers a range of support services that enable its customers and
channel partners to develop voice-driven applications that use the Company's
software.


NOTE 3 - GOING CONCERN
----------------------

The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America, which
contemplates continuation of the Company as a going concern. The Company has
relied on iVoice for administrative, management, research and other services.

As of September 30, 2006, the Company had a net loss, a negative cash flow from
operations, as well as negative working capital. These matters raise substantial
doubt about the Company's ability to continue as a going concern. Therefore,
recoverability of a major portion of the recorded asset amounts shown in the
accompanying balance sheets is dependent upon continued operations of the
Company, which in turn, is dependent upon the Company's ability to raise capital
and/or generate positive cash flow from operations. The financial statements do
not include any adjustments relating to the recoverability and classification of
recorded assets, or the amounts and classification of liabilities that might be
necessary in the event the Company cannot continue in existence.

Management plans on developing new products and increasing their sales to
existing customers, to achieve profitability and to generate a positive cash
flow. Management has also received assurances from Cornell Capital Partners that
the Company can continue to draw down on their SEDA to fund the working capital
needs.

                                        6
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------------------

a)       Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in the United States
for interim financial information and with the instructions to Form 10-QSB and
Regulation S-B. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements.

In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) considered necessary for a fair presentation have been
included. It is suggested that these condensed financial statements be read in
conjunction with the December 31, 2005 audited financial statements and the
accompanying notes thereto.

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

c)       Revenue Recognition

The Company derives its revenues from the licensing of its software product and
optional customer support (maintenance) service. The Company's standard license
agreement provides for a one-time fee for use of the Company's product in
perpetuity for each computer or CPU in which the software will reside. The
Company's software application is fully functional upon delivery and
implementation and does not require any significant modification or alteration.
The Company also offers customers an optional annual software maintenance and
support agreement for the subsequent one-year periods. Such maintenance and
support services are free for the first year the product is licensed and is
considered the warranty period. The software maintenance and support agreement
provides free software updates, if any, and technical support the customer may
need in deploying or changing the configuration of the software. Generally, the
Company does not license its software in multiple element arrangements whereby
the customer purchases a combination of software and maintenance. In a typical
arrangement, software maintenance services are sold separately from the software
product; are not considered essential to the functionality of the software and
are purchased at the customer's option upon the completion of the first year
licensed.

The Company does not offer any special payment terms or significant discount
pricing. Normal and customary payment terms require payment for the software
license fees when the product is shipped. Payment for software maintenance is
due prior to the commencement of the maintenance period. It is also the
Company's policy to not provide customers the right to refund any portion of its
license fees.
                                        7
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
---------------------------------------------------

With respect to the sale of software license fees, the Company recognizes
revenue in accordance with Statement of Position 97-2, Software Revenue
Recognition (SOP 97-2), as amended, and generally recognizes revenue when all of
the following criteria are met: (1) persuasive evidence of an arrangement exists
generally evidenced by a signed, written purchase order from the customer, (2)
delivery of the software product on Compact Disk (CD) or other means to the
customer has occurred, (3) the perpetual license fee is fixed or determinable
and (4) collectibility, which is assessed on a customer-by-customer basis, is
probable. With respect to customer support services, upon the completion of one
year from the date of sale, considered to be the warranty period, the Company
offers customers an optional annual software maintenance and support agreement
for subsequent one-year periods. Sales of purchased maintenance and support
agreements are recorded as deferred revenue and recognized over the respective
terms of the agreements.

d)       Product Warranties

The Company estimates its warranty costs based on historical warranty claims
experience in estimating potential warranty claims. Due to the limited sales of
the Company's products, management has determined that warranty costs are
immaterial and has not included an accrual for potential warranty claims.
Presently, costs related to warranty coverage are expensed as incurred. Warranty
claims are reviewed quarterly to verify that warranty liabilities properly
reflect any remaining obligation based on the anticipated expenditures over the
balance of the obligation period.

e)       Research and development costs

Research and development costs are charged to operations as incurred.

f)       Advertising Costs

Advertising costs are expensed as incurred and included in selling expenses. For
the nine months ended September 30, 2006, and 2005, advertising expense amounted
to $4,344 and $5,942, respectively.

g)       Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with original
maturities of three months or less to be cash equivalents. There were no cash
equivalents at September 30, 2006.

The Company maintains cash and cash equivalent balances at a financial
institution that is insured by the Federal Deposit Insurance Corporation up to
$100,000. The uninsured cash balances at September 30, 2006 were $266,418.


                                        8
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
---------------------------------------------------

h)       Income Taxes

The Company accounts for income taxes under the Financial Accounting Standards
Board ("FASB") No. 109, "Accounting for Income Taxes" ("Statement 109"). Under
Statement 109, deferred tax assets and liabilities are recognized for the future
tax consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
basis. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. Under Statement 109, the
effect on deferred tax assets and liabilities of a change in tax rates is
recognized in income in the period that includes the enactment date.

i)       Intangible Assets

In May and in December 2003, the Company was issued two patents by the U.S.
Patent and Trademark Office for its Speech-Enabled Automatic Telephone Dialer.
The patents expire 20 years from the date of the original patent filings. All
accumulated costs incurred with respect to the Company's patent filings have
been capitalized. Costs related specifically to the awarded patents are now
being amortized on a straight basis over the life of the patents. All
capitalized intangibles have been reviewed for impairment. In doing so,
management has determined there has been no impairment of the intangible assets
at September 30, 2006.

j)       (Loss) Per Share

SFAS No. 128, "Earnings Per Share" requires presentation of basic earnings per
share ("basic EPS") and diluted earnings per share ("diluted EPS").

The computation of basic earnings per share is computed by dividing income
available to common shareholders by the weighted average number of common shares
during the period. Diluted earnings per share gives effect to all dilutive
potential Common shares outstanding during the period. The computation of
diluted EPS does not assume conversion, exercise or contingent exercise of
securities that would have an anti-dilutive effect on earnings resulting from
the Company's net loss position.

The weighted shares used in the computation are as follows:

                           Nine Months ended             Three Months ended
                      ---------------------------   ---------------------------
                      September 30,  September 30,  September 30,  September 30,
                          2006           2005           2006           2005
                      ------------   ------------   ------------   ------------
Basic and Diluted
EPS Purposes            17,590,251     10,013,984     22,296,862     10,013,984


The company had no common stock equivalents at September 30, 2006.

                                        9
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
---------------------------------------------------

k)       Recent Accounting Pronouncements

On December 16, 2004, the Financial Accounting Standards Board ("FASB")
published Statement of Financial Accounting Standards No. 123 (Revised 2004),
Share-Based Payment ("FAS 123R"). FAS 123R requires that compensation cost
related to share-based payment transactions be recognized in the financial
statements. Share-based payment transactions within the scope of FAS 123R
include stock options, restricted stock plans, performance-based awards, stock
appreciation rights, and employee share purchase plans. The provisions of FAS
123R are effective for small business issuers as of the first interim period
that begins after December 15, 2005. Accordingly, the Company implemented the
revised standard in the fourth quarter of fiscal year 2005. The Adoption of FAS
123R has not had any effect on the financial Statement of the company.

On December 16, 2004, FASB issued Financial Accounting Standards No. 153,
Exchanges of Non-monetary Assets, an amendment of APB Opinion No. 29, Accounting
for Non-monetary Transactions ("FAS 153"). This statement amends APB Opinion 29
to eliminate the exception for non-monetary exchanges of similar productive
assets and replaces it with a general exception for exchanges of non-monetary
assets that do not have commercial substance. Under FAS 153, if a non-monetary
exchange of similar productive assets meets a commercial-substance criterion and
fair value is determinable, the transaction must be accounted for at fair value
resulting in recognition of any gain or loss. FAS 153 is effective for
non-monetary transactions in fiscal periods that begin after June 15, 2005. The
implementation of this standard did not have a material impact on its financial
position, results of operations or cash flows.

In May 2005, the FASB issued SFAS No. 154, "Accounting Changes and Error
Corrections." SFAS No. 154 replaces Accounting Principles Board ("APB") Opinion
No. 20, "Accounting Changes" and SFAS No. 3, "Reporting Accounting Changes in
Interim Financial Statements." SFAS No. 154 requires retrospective application
to prior periods' financial statements of a voluntary change in accounting
principle unless it is impracticable. APB No. 20 previously required that most
voluntary changes in accounting principle be recognized by including the
cumulative effect of changing to the new accounting principle in net income in
the period of the change. SFAS No. 154 is effective for accounting changes and
corrections of errors made in fiscal years beginning after December 15, 2005.
The adoption of SFAS No. 154 did not have a material impact on the Company's
financial position, results of operations, or cash flows.

In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid
Financial Instruments, an amendment of FASB Statements No. 133 and 140." SFAS
No. 155 resolves issues addressed in SFAS No. 133 Implementation Issue No. D1,
"Application of Statement 133 to Beneficial Interests in Securitized Financial
Assets," and permits fair value remeasurement for any hybrid financial
instrument that contains an embedded derivative that otherwise would require
bifurcation, clarifies which interest-only strips and principal-only strips are
not subject to the requirements of SFAS No. 133, establishes a requirement to

                                       10
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
---------------------------------------------------

evaluate interests in securitized financial assets to identify interests that
are freestanding derivatives or that are hybrid financial instruments that
contain an embedded derivative requiring bifurcation, clarifies that
concentrations of credit risk in the form of subordination are not embedded
derivatives and amends SFAS No. 140 to eliminate the prohibition on a qualifying
special-purpose entity from holding a derivative financial instrument that
pertains to a beneficial interest other than another derivative financial
instrument. SFAS No. 155 is effective for all financial instruments acquired or
issued after the beginning of the first fiscal year that begins after September
15, 2006. The adoption of FAS 155 is not anticipated to have a material impact
on the Company's financial position, results of operations, or cash flows.

In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of
Financial Assets, an amendment of FASB Statement No. 140." SFAS No. 156 requires
an entity to recognize a servicing asset or liability each time it undertakes an
obligation to service a financial asset by entering into a servicing contract
under a transfer of the servicer's financial assets that meets the requirements
for sale accounting, a transfer of the servicer's financial assets to a
qualified special-purpose entity in a guaranteed mortgage securitization in
which the transferor retains all of the resulting securities and classifies them
as either available-for-sale or trading securities in accordance with SFAS No.
115, "Accounting for Certain Investments in Debt and Equity Securities" and an
acquisition or assumption of an obligation to service a financial asset that
does not relate to financial assets of the servicer or its consolidated
affiliates. Additionally, SFAS No. 156 requires all separately recognized
servicing assets and servicing liabilities to be initially measured at fair
value, permits an entity to choose either the use of an amortization or fair
value method for subsequent measurements, permits at initial adoption a one-time
reclassification of available-for-sale securities to trading securities by
entities with recognized servicing rights and requires separate presentation of
servicing assets and liabilities subsequently measured at fair value and
additional disclosures for all separately recognized servicing assets and
liabilities. SFAS No. 156 is effective for transactions entered into after the
beginning of the first fiscal year that begins after September 15, 2006. The
adoption of FAS 156 is not anticipated to have a material impact on the
Company's financial position or results of operations.

In September 2006, The Financial Accounting Standards Board ("FASB") issued
Statement of Financial Accounting Standards ("SFAS") No. 157, "Fair Value
Measurement" ("SFAS No. 157"). This standard provides guidance for using fair
value to measure assets and liabilities. SFAS No. 157 applies whenever other
standards require (or permit) assets or liabilities to be measured at fair value
but does not expand the use of fair value in any new circumstances. Prior to
SFAS No. 157, the methods for measuring fair value were diverse and
inconsistent, especially for items that are not actively traded. The standard
clarifies that for items that are not actively traded, such as certain kinds of
derivatives, fair value should reflect the price in a transaction with a market
participant, including an adjustment for risk, not just the company's
mark-to-model value. SFAS No. 157 also requires expanded disclosure of the
effect on earnings for items measured using unobservable data. SFAS No. 157 is
effective for financial statements issued for fiscal years beginning after
November 15, 2007, and interim periods within those fiscal years. The Company is
currently evaluating the impact of this statement on its financial statements
and expects to adopt SFAS No.157 on December 31, 2007.

                                       11
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
---------------------------------------------------

In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for
Defined Benefit Pension and Other Postretirement Plans -- An Amendment of FASB
Statements No. 87, 88, 106, and 132R." This standard requires an employer to:
(a) recognize in its statement of financial position an asset for a plan's
overfunded status or a liability for a plan's underfunded status; (b) measure a
plan's assets and its obligations that determine its funded status as of the end
of the employer's fiscal year (with limited exceptions); and (c) recognize
changes in the funded status of a defined benefit postretirement plan in the
year in which the changes occur. Those changes will be reported in comprehensive
income. The requirement to recognize the funded status of a benefit plan and the
disclosure requirements are effective as of the end of the fiscal year ending
after December 15, 2006. The requirement to measure plan assets and benefit
obligations as of the date of the employer's fiscal year-end statement of
financial position is effective for fiscal years ending after December 15, 2008.
The adoption of FAS 158 is not anticipated to have a material impact on the
Company's financial position or results of operations.


NOTE 5 - INTANGIBLE ASSETS
--------------------------

Intangible assets consist of accumulated costs incurred with respect to the
Company's patent filings originally paid for by iVoice for $24,000 in May and
December 2003. Another patent was purchased on August 26, 2005, which is
included in this amount. The asset is reflected at its original cost net of
accumulated amortization of $14,024 from the date acquired by iVoice. The assets
are being amortized over a 5-year period.

In accordance with FAS 142 goodwill and indefinite-lived intangible assets are
reviewed for impairment at least annually, and whenever events or changes in
circumstances indicate the carrying amounts of the assets may be impaired. We
have elected to perform our impairment review during the fourth quarter of each
year, in conjunction with our annual planning cycle. The Company has determined
no impairment of goodwill or other indefinite-lived intangible assets was
necessary at September 30, 2006.


NOTE 6 - RELATED PARTY TRANSACTIONS
-----------------------------------

In conjunction with the Spin-off, SpeechSwitch has entered into a temporary
administrative services agreement with iVoice. The administrative services
agreement will continue on a month-to-month basis until SpeechSwitch has found
replacement services for those services being provided by iVoice or can provide
these services for itself.

The Company also assumed an outstanding promissory note in the amount of
$190,000 payable to Jerry Mahoney, President and Chief Executive Officer of
iVoice and non-executive Chairman of the Board of SpeechSwitch. This amount is
related to funds loaned to iVoice and is unrelated to the operations of
SpeechSwitch. The note will bear interest at the rate of Prime plus 2.0% per
annum on the unpaid balance until paid. Under the terms of the Promissory Note,
at the option of the Promissory Note holder, principal and interest can be
converted into either (i) one share of SpeechSwitch Class B Common Stock, par
value $.01 per share, for each dollar owed, (ii) the number of shares of
SpeechSwitch Class A Common Stock calculated by dividing (x) the sum of the
principal and interest that the Note holder has requested to have

                                       12
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 6 - RELATED PARTY TRANSACTIONS (CONTINUED)
-----------------------------------

prepaid by (y) eighty percent (80%) of the lowest issue price of Class A Common
Stock since the first advance of funds under this Note, or (iii) payment of the
principal of this Promissory Note, before any repayment of interest.

During the nine months ended September 30, 2006, Mr. Mahoney received 4,012,917
shares of class A stock as a repayment of $25,814 to reduce the promissory note.
As of September 30, 2006, the outstanding balance due to Mr. Mahoney is $155,546
plus accrued interest of $22,453.

As of November 8, 2004, the Company entered into a one-year employment contract
with Bruce R. Knef as President, Chief Executive Officer and Principal Financial
Officer. The Company will pay Mr. Knef a base salary of $85,000 during the term.
Mr. Knef can earn bonuses based on the Company achieving certain levels of sales
and profitability and will also be entitled to certain bonuses based on mergers
and acquisitions completed by the Company. The employment agreement with Mr.
Knef has been extended to November 7, 2006.

The Company entered into a five-year employment agreement with Jerome Mahoney,
its non-executive Chairman of the Board of Directors, effective August 3, 2004.
The Company will compensate Mr. Mahoney with a base salary of $85,000 for the
first year with annual increases based on the Consumer Price Index.

Mr. Mahoney has agreed to accept some of his compensation pursuant to this
Employment Agreement in the form of Class B Common Stock, par value $.01 per
share, in lieu of cash, for as long as the Board of Directors decides, in its
sole discretion, that the Company does not have the financial resources to pay
him in cash. The number of Class B Common Stock shares to be issued Mr. Mahoney
shall be equal to one share of Class B Common Stock for every dollar of
compensation due and owing the Executive. Mr. Mahoney will also be entitled to
certain bonuses based on mergers and acquisitions completed by the Company.

During the nine months ended September 30, 2006, Mr. Mahoney deferred $41,097 of
his compensation. As of September 30, 2006, the outstanding balance due to Mr.
Mahoney is $144,313.


NOTE 7 - INCOME TAXES
---------------------

Deferred income taxes are determined using the liability method for the
temporary differences between the financial reporting basis and income tax basis
of the Company's assets and liabilities. Deferred income taxes will be measured
based on the tax rates expected to be in effect when the temporary differences
are included in the Company's tax return. Deferred tax assets and liabilities
are recognized based on anticipated future tax consequences attributable to
differences between financial statement carrying amounts of assets and
liabilities and their respective tax bases.

At September 30, 2006, deferred tax assets consist of the following:

         Deferred tax assets                $     275,000
         Less: Valuation allowance               (275,000)
                                            -------------
         Net deferred tax assets            $     -0-
                                            =============

                                       13
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 7 - INCOME TAXES (CONTINUED)
---------------------

At September 30, 2006, the Company had a federal net operating loss carry
forward in the approximate amounts of $817,000 available to offset future
taxable income. The Company established valuation allowances equal to the full
amount of the deferred tax assets due to the uncertainty of the utilization of
the operating losses in future periods.


NOTE 8 - DEBT
-------------

On August 12 and November 19, 2004, iVoice Technology issued an aggregate of
$560,000 in secured convertible debentures, with interest payable at 5% per
annum, to Cornell Capital Partners L.P. The debentures were convertible at the
option of the holder only after our Class A Common Stock has commenced trading
on the Over-the-Counter Bulletin Board. On February 28, 2005, iVoice, Inc., on
behalf of the Company, renegotiated the terms and conditions with the holders of
the convertible debentures. The holders of the convertible debentures agreed to
exchange the convertible debentures for various promissory notes. The promissory
notes are in the aggregate amount of $1,000,000, $800,000 loaned through the
previously issued and exchanged convertible debentures in 2004 and $200,000
advanced on February 28, 2005. A commitment fee of 10% of the face amount of the
previously issued convertible debentures and recently issued promissory note was
paid at the time of each advance. The previously paid commitment fees were
credited against commitment fees due and owing against the promissory note. The
balance of the commitment fee owed from the recently issued promissory note was
paid on February 28, 2005, at the time that such $200,000 was advanced to the
Company.

The promissory notes bear interest at the rate of 12% per annum. Weekly
principal installments of $10,000, plus interest, were to commence on September
1, 2005 and continue on the first day of each calendar month thereafter until
the principal is paid in full. The promissory notes matured on September 1, 2006
with a lump sum payment due of any remaining principal and/or interest. The
Company is in default of the payment schedule and therefore, the balance has
been recorded as a current liability. In addition, as a result of the default,
the interest rate has been increased to 18%. To date, no weekly principal
payments have been made.


NOTE 9 - STANDBY EQUITY DISTRIBUTION AGREEMENT
----------------------------------------------

On August 31, 2005, SpeechSwitch, Inc. entered into a Standby Equity
Distribution Agreement (the SEDA") with Cornell Capital Partners, LP ("Cornell
Capital Partners") (was amended and restated on December 12, 2005) whereby
Cornell Capital Partners agrees to purchase up to $10 million of the Company's
Class A Common Stock (the "Common Stock") over a two-year period.

The purchase price of the Common Stock shall be at ninety-five percent (95%) of
the lowest trading price of the Company's Common Stock during the five
consecutive trading day period following the notification by the Company of its
request for an advance from Cornell Capital Partners under the SEDA. In
connection with the SEDA, the Company entered into an Escrow Agreement,
Registration Rights Agreement and Placement Agent Agreement. As of September 30,
2006, the Company has sold 10,425,371 shares of Class A Common Stock to Cornell
Capital for proceeds of $128,800, which are net of fees and discounts of
$23,719.

                                       14
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 9 - STAND BY EQUITY DISTRIBUTION AGREEMENT (CONTINUED)
-----------------------------------------------

During February 2006, pursuant to the Standby Equity Distribution Agreement with
Cornell Capital Partners, the Company's registration statement on Form SB-2 with
the Securities and Exchange Commission was declared effective.


NOTE 10 - CAPITAL STOCK
-----------------------

Pursuant to SpeechSwitch's certificate of incorporation, as amended, the Company
is authorized to issue 1,000,000 shares of Preferred Stock, par value of $1.00
per share, 10,000,000,000 shares of Class A Common Stock, no par value per
share, 50,000,000 shares of Class B Common Stock, par value $0.01 per share,
20,000,000 shares of Class C Common Stock, par value $0.01 per share. Below is a
description of SpeechSwitch's outstanding securities, including Preferred Stock,
Class A Common Stock, Class B Common Stock, and Class C Common Stock.

a)       Preferred Stock

SpeechSwitch is authorized to issue 1,000,000 shares of Preferred Stock, par
value $1.00 per share. As of September 30, 2006, SpeechSwitch has not issued any
shares of Preferred Stock.

b)       Class A Common Stock

As of September 30, 2006, there are 10,000,000,000 shares of Class A Common
Stock authorized, no par value, 29,366,197 shares were issued, 28,403,568 shares
were outstanding and 962,629 shares in escrow.

Each holder of Class A Common Stock is entitled to receive ratably dividends, if
any, as may be declared by the Board of Directors out of funds legally available
for payment of dividends. The Company has never paid any dividends on its common
stock and does not contemplate doing so in the foreseeable future. The Company
anticipates that any earnings generated from operations will be used to finance
its growth objectives.

For the nine months ending September 30, 2006, the Company had the following
transactions in its Class A common stock:

     o    The Company issued 2,250,000 shares of Class A common stock, with a
          total value of $14,800 for legal services of the Company as repayment
          of accrued legal fees. The fair market value of the shares was
          $56,850, resulting in a charge to beneficial interest of $42,050.

     o    The Company issued 4,012,917 shares of Class A common stock, with a
          total value of $25,814 to an officer of the Company as repayment of
          promissory note. The fair market value of the shares was $78,732,
          resulting in a charge to beneficial interest of $51,918.

                                       15
<PAGE>
                               SPEECHSWITCH, INC.
         NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) (CONTINUED)
                               SEPTEMBER 30, 2006


NOTE 10 - CAPITAL STOCK (CONTINUED)
-----------------------

     o    Pursuant to the terms of the Escrow Agreement, the Company deposits
          shares with David Gonzalez, Esq. as Escrow Agent for distribution upon
          the sales of shares to Cornell Capital. During this period, the
          Company issued 11,388,000 shares of Class A common stock to the Escrow
          Agent and the Escrow agent subsequently issued 10,425,371 shares of
          Class A common stock to Cornell Capital for the net proceeds of
          $128,800. The balance of the shares held by the Escrow Agent at
          September 30, 2006 was 962,629.

     o    The Company issued 1,000,000 shares of Class A common stock of the
          Company as payment of Public Relations fees, value of the stock was
          $8,595.

c)        Class B Common Stock

As of September 30, 2006, there are 50,000,000 shares of Class B Common Stock
authorized, par value $.01 per share. Each holder of Class B Common Stock has
voting rights equal to 100 shares of Class A Common Stock. A holder of Class B
Common Stock has the right to convert each share of Class B Common Stock into
the number of shares of Class A Common Stock determined by dividing the number
of Class B Common Stock being converted by a 20% discount of the lowest price
that SpeechSwitch, Inc. had ever issued its Class A Common Stock.

Upon our liquidation, dissolution, or winding-up, holders of Class B Common
Stock will be entitled to receive distributions. As of September 30, 2006, no
shares were issued or outstanding.

d)        Class C Common Stock

As of September 30, 2006, there are 20,000,000 shares of Class C Common Stock
authorized, par value $.01 per share. Each holder of Class C Common Stock is
entitled to 1,000 votes for each share held of record. Shares of Class C Common
Stock are not convertible into Class A Common Stock. Upon liquidation,
dissolution or wind-up, the holders of Class C Common Stock are not entitled to
receive our net assets pro rata. As of September 30, 2006, no shares were issued
or outstanding.


NOTE 11 - STOCK OPTIONS
-----------------------

STOCK OPTION PLANS

During 2005, the Company adopted the 2005 Stock Incentive Plan and the 2005
Directors' and Officers' Stock Incentive Plan ("Plan") in order to attract and
retain qualified personnel. Under the Plan, the Board of Directors, in its
discretion may grant stock options (either incentive or non-qualified stock
options) to officers, directors and employee.

The Company did not issue any stock options for the nine months ended September
30, 2006.

                                       16
<PAGE>
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR
         PLAN OF OPERATION

         You should read the following discussion in conjunction with our
audited financial statements and related notes included in the Form SB-2
previously filed with the SEC. Our fiscal year currently ends on December 31,
and each of our fiscal quarters ends on the final day of a calendar quarter
(March 31, June 30 and September 30). The following discussion contains
forward-looking statements. Please see "Forward Looking Statements - Cautionary
Factors" for a discussion of uncertainties, risks and assumptions associated
with these statements.

OVERVIEW AND PLAN OF OPERATION

         Prior to August 5, 2005, the Company's previous financial results and
operations were reflected in the consolidated financial statements and
accounting records of iVoice, and reflected significant assumptions and
allocations. These financial statements do not necessarily reflect the financial
position, results of operations and cash flows of SpeechSwitch had it been a
stand-alone entity.

         SpeechSwitch seeks to leverage the value of underutilized developed
technology and believes that the transition to an independent company will
provide SpeechSwitch with greater access to capital. This should provide needed
financial resources to potentially penetrate the market and distribute the
product. As such, SpeechSwitch's business will be formed from the contribution
by iVoice of certain assets and related liabilities on or about August 5, 2005.
In connection with this Spin-off by iVoice, iVoice assigned and conveyed to
SpeechSwitch its speech recognition software business and related liabilities,
including all intellectual property of iVoice relating to the speech recognition
software business. The board and management of iVoice elected not to transfer
any part of the working cash balance of iVoice to SpeechSwitch. Based upon the
current intention of SpeechSwitch not to conduct any research and development or
hire additional employees and instead to focus on the sale of the existing
speech recognition technology, the board has determined that, on balance,
SpeechSwitch has the ability to satisfy its working capital needs as a whole.
The board and management of iVoice also determined that SpeechSwitch has the
ability to obtain financing to satisfy any addition working capital needs as a
stand-alone company.

         The emerging nature of the speech recognition software industry and
unforeseen expenses from the separation from iVoice, make it difficult to assess
the future growth of SpeechSwitch.

         The speech recognition software business has operated at a loss in the
past for iVoice, and as an independent company such losses may continue or
increase. Additionally, SpeechSwitch's business has relied on iVoice for
financial, administrative and managerial expertise in conducting its operations.
Following the Spin-off, SpeechSwitch has developed and maintains its own credit
and banking relationships and performs its own financial and investor relation
functions. SpeechSwitch may not be able to successfully maintain the financial,
administrative and managerial structure necessary to operate as an independent
public company, and the development of such structure will require a significant
amount of management's time and other resources.

         SpeechSwitch has received a going concern opinion from its auditors.
Its continuation as a going concern is dependent upon obtaining the financing
necessary to operate its business. The financing of our working capital needs
are expected to be provided, in large part, from the sale of Class A Common
Stock to Cornell Capital Partners pursuant to the terms of the Standby Equity
Distribution Agreement ("SEDA"). However, Cornell Capital Partners is under no
obligation to purchase any shares of our Class A Common Stock unless certain
conditions are met by SpeechSwitch, including the registration of shares to be
sold to

                                       17
<PAGE>
Cornell Capital Partners pursuant to the Securities Act of 1933, as amended.
[See "Liquidity and Capital Resources"] If SpeechSwitch cannot fund its working
capital needs under the SEDA with Cornell Capital Partners, we will be unable to
obtain sufficient capital resources to operate our business, and have no other
current plans to obtain alternative financing. We cannot assure you that we will
be able to access any financing in sufficient amounts or at all when needed. Our
inability to obtain sufficient working capital funding will have an immediate
material adverse effect upon our financial condition and our business.

SEPARATION FROM IVOICE

         SpeechSwitch was incorporated under the laws of the State of New Jersey
on November 10, 2004, as a wholly owned subsidiary of iVoice. SpeechSwitch had
no material assets or activities until the contribution of the speech
recognition software business from iVoice. Pursuant to the Spin-off,
SpeechSwitch is now an independent public company, with iVoice having no
continuing ownership interest in SpeechSwitch.

         On November 11, 2004, SpeechSwitch received by assignment all of the
interests in and rights and title to, and assumed all of the obligations of, all
of the agreements, contracts, understandings and other instruments of iVoice
Technology 3, Inc., a Nevada corporation. These agreements, contracts,
understandings and other instruments consisted of the documentation relating to
the issuance of the secured convertible debentures and the equity line of
credit, the employment agreements with Messrs. Mahoney and Knef and the
administrative services agreement. Since this assignment, iVoice Technology 3
has no operating business, assets or known liabilities, and is currently in the
process of being dissolved. When we refer to or describe any agreement, contract
or other written instrument of SpeechSwitch, we are referring to an agreement,
contract or other written instrument that had been entered into by iVoice
Technology 3 and assigned to SpeechSwitch.

         SpeechSwitch's financial statements have been prepared in accordance
with accounting principles generally accepted in the United States, and reflect
the historical financial position, results of operations, and cash flows of the
business to be transferred to SpeechSwitch from iVoice as part of the Spin-off.
The financial information included in this report, however, is not necessarily
indicative of what SpeechSwitch's results of operations or financial position
would have been, had it operated as an independent company during the periods
presented, nor is it necessarily indicative of its future performance as an
independent company.

         SpeechSwitch will operate the speech recognition software business.
However, management is uncertain that sufficient cash to sustain its operations
will be generated in the next twelve months, or beyond, by the sales activity of
the speech recognition software business. SpeechSwitch intends to use a portion
of the proceeds from any financing arrangements, on sales and marketing efforts
for its speech recognition software products. It is unclear whether such efforts
will result in a reasonably successful operating business due to iVoice's
previous lack of sales and marketing efforts on its speech recognition software
products, SpeechSwitch's lack of operating history, the current economic
environment and, more specifically, the uncertainty of the telecommunications
market.

         As of August 5, 2005, iVoice assigned, contributed and conveyed to
SpeechSwitch corporate assets, liabilities and expenses related to the speech
recognition software business, including the speech recognition software and all
intellectual property of iVoice relating to the speech recognition software
business and the assignment of iVoice's existing agreements and arrangements
with dealers and resellers. This assignment, contribution and conveyance of
assets, liabilities and expenses was based on an estimate of the proportion of
such amounts allocable to SpeechSwitch, utilizing such factors as total
revenues, employee headcount and other relevant factors. SpeechSwitch believes
that these allocations have been made on a reasonable basis.

                                       18
<PAGE>
SpeechSwitch believes that all costs allocated to SpeechSwitch are a reasonable
representation of the costs that SpeechSwitch would have incurred if
SpeechSwitch had performed these functions as a stand-alone company.

         In conjunction with the separation of the speech recognition software
business from iVoice, SpeechSwitch entered into an administrative services
agreement with iVoice for the provision of certain services by iVoice to
SpeechSwitch following the Spin-off. This agreement will continue on a
month-to-month basis until SpeechSwitch has found replacement services for those
services being provided by iVoice or can provide these services for itself.
Following termination of the administrative services agreement, we expect that
SpeechSwitch will operate on a completely stand-alone basis from iVoice and
there will be no business or operating relationship between iVoice and
SpeechSwitch, except that SpeechSwitch will continue to sub-lease space from
iVoice. Our shares of Class A Common Stock were distributed to iVoice's
stockholders on or about August 12, 2005.

NINE MONTHS ENDED SEPTEMBER 30, 2006 COMPARED TO NINE MONTHS ENDED
SEPTEMBER 30, 2005

         All revenues reported by SpeechSwitch are derived from the license of
our speech recognition software products and the sale of our patents. Total
revenues for the nine months ended September 30, 2006 and September 30, 2005
were $240,484 and $81,029, respectively. In 2006, product installations and
maintenance accounted for $105,175 in sales and patent sales were $135,360.
Prior to August 5, 2005, the speech recognition software business has only
operated as a division and/or subsidiary of iVoice and has never operated on a
stand-alone basis. The low sales volume of the speech recognition software
business is attributable to the minimal resources made available for the sales
and marketing of the speech recognition software products. Management feels that
the sales of the speech recognition software products may increase if greater
financial and operational resources are made available for the sales and
marketing of the products. If SpeechSwitch can obtain funds under the SEDA,
SpeechSwitch will be able to devote more resources to operating the business.
See "Liquidity and Capital Resources".

         Gross margin for the nine months ended September 30, 2006 and September
30, 2005 was $204,458 and $42,375, respectively, for an increase of $162,083.
$135,360 of the increase was from the sale of the patents and the remaining
amounts were from the increased product installations and maintenance sales
during the same period.

         Total operating expenses decreased to $410,808 for the nine months
ended September 30, 2006 from $571,637 for the nine months ended September 30,
2005, a decrease of $160,831. This decrease in the current nine months is
primarily attributable to the decrease of administrative expenses for legal and
professional fees incurred in 2005 for registering the Company.

         Total other income (expense) for the nine months ended September 30,
2006 were an expenses of $198,799, as compared to an expense of $94,228 for the
nine months ended September 30, 2005, an increase of $104,571. During the nine
months ending September 30, 2006, SpeechSwitch recorded $111,006 of interest
expense, $94,968 of beneficial interest charged to interest expense and $7,175
of interest income. In the nine months ending September 30, 2005, SpeechSwitch
recorded $79,658 of interest expense, $20,000 for financing costs and $5,430 of
interest income. The finance costs were for fees paid to Cornell Capital
Partners for additional financing arrangements. The other income was primarily
from interest earned on the cash accounts. The interest expense was for accrued
interest on related party debts and on the Cornell Promissory Notes.

                                       19
<PAGE>
         Net loss for the nine months ended September 30, 2006 was $405,149 as
compared to a loss of $623,492 for the nine months ended September 30, 2005. The
decrease in net loss of $218,343 was the result of the factors discussed above.

THREE MONTHS ENDED SEPTEMBER 30, 2006 COMPARED TO THREE MONTHS ENDED
SEPTEMBER 30, 2005

         All revenues reported by SpeechSwitch are derived from the license of
our speech recognition software products and the sale of our patents. Total
revenues for the three months ended September 30, 2006 and September 30, 2005
were $195,722 and $35,037, respectively. In 2006, product installations and
maintenance accounted for $60,362 in sales and patent sales were $135,360. Prior
to August 5, 2005, the speech recognition software business has only operated as
a division and/or subsidiary of iVoice and has never operated on a stand-alone
basis. The low sales volume of the speech recognition software business is
attributable to the minimal resources made available for the sales and marketing
of the speech recognition software products. Management feels that the sales of
the speech recognition software products may increase if greater financial and
operational resources are made available for the sales and marketing of the
products. If SpeechSwitch can obtain funds under the SEDA, SpeechSwitch will be
able to devote more resources to operating the business. See "Liquidity and
Capital Resources".

         Gross margin for the three months ended September 30, 2006 and
September 30, 2005 was $178,096 and $17,112, respectively, for an increase of
$160,984. $135,360 of the increase was from the sale of the patents and the
remaining amounts were from the increased product installations and maintenance
sales during the same period.

         Total operating expenses decreased to $142,795 for the three months
ended September 30, 2006 from $301,963 for the three months ended September 30,
2005, a decrease of $159,168. This decrease in the current three months is
primarily attributable to the decrease of legal fees, payroll expenses and
printing costs incurred in 2005 for registering the Company.

         Total other income (expense) for the three months ended September 30,
2006 were an expenses of $60,233, as compared to an expense of $53,769 for the
three months ended September 30, 2005, an increase of $6,464. During the three
months ending September 30, 2006, SpeechSwitch recorded $43,293 of interest
expense, $19,793 of beneficial interest charged to interest expense and $2,854
of interest income. In the three months ending September 30, 2005, SpeechSwitch
recorded $56,171 of interest expense and $2,402 of interest income. The other
income was primarily from interest earned on the cash accounts. The interest
expense was for accrued interest on related party debts and on the Cornell
Promissory Notes.

         Net loss for the three months ended September 30, 2006 was $24,932 as
compared to a loss of $338,620 for the three months ended September 30, 2005.
The decrease in net loss of $313,688 was the result of the factors discussed
above.

LIQUIDITY AND CAPITAL RESOURCES

         To date, SpeechSwitch has incurred substantial losses, and will require
financing for working capital to meet its operating obligations. We anticipate
that we will require financing on an ongoing basis for the foreseeable future.

         We have satisfied the conditions of the SEDA and we have sold and will
continue to sell shares of our Class A Common Stock to Cornell Capital Partners
to generate capital necessary to sustain our operations.

                                       20
<PAGE>
         On August 12 and November 19, 2004, SpeechSwitch issued an aggregate of
$800,000 in secured convertible debentures, with interest payable at 5% per
annum, to Cornell Capital Partners. On February 28, 2005, SpeechSwitch's
obligations under the secured convertible debentures were terminated and
replaced with a secured promissory note of the same principal amount with an
additional loan of $200,000 bringing the promissory note to an aggregate
principal of $1 million. These promissory notes accrue interest at rate of 12%
per annum, but are not convertible into any equity security of SpeechSwitch. In
connection with the issuances of the secured convertible debentures,
SpeechSwitch paid a fee to Cornell equal to 10% of the aggregate principal
amount of the debentures. When the secured convertible debentures were
terminated, SpeechSwitch received a credit for fees that would otherwise have
been payable upon the issuance of the $800,000 in replacement notes.
SpeechSwitch paid Cornell Capital Partners a fee of $20,000 in connection with
its $200,000 additional borrowing. The Company's obligations under the secured
promissory note issued to Cornell Capital Partners are secured by a first
priority security interest in substantially all of our assets.

         On August 31, 2005, SpeechSwitch executed a Standby Equity Distribution
Agreement with Cornell (was amended and restated on December 12, 2005), pursuant
to which SpeechSwitch may, from time to time, issue and sell to Cornell Capital
Partners our Class A Common Stock for a total purchase price of up to $10.0
million. The purchase price for the shares is 95% of the market price, which is
defined as the lowest closing bid price of the Class A Common Stock during the
five consecutive trading days following the date that SpeechSwitch delivers to
Cornell a notice requiring it to advance funds to us. A cash fee equal to six
percent (6%) of the cash proceeds of the draw down is also payable at the time
of funding. In addition, Cornell is entitled to receive, as additional
compensation, the number of shares of Class A Common Stock equal to one and one
half percent (1.5%) of the number of shares of Class A Common Stock outstanding
on the date that the registration statement became effective.

         We cannot assure you that we will be able to access any financing in
sufficient amounts or at all when needed. Our inability to obtain sufficient
financing would have an immediate material adverse effect on our financial
condition and our business. Management believes that its going-forward expenses
for the following twelve months will be approximately $466,000, which includes
salaries for SpeechSwitch's officers and employees, and, assuming SpeechSwitch
has no revenues in such period, SpeechSwitch expects to incur liabilities of
approximately $466,000. Management has no current plan to hire additional
employees, perform additional research and development or purchase additional
equipment or services beyond the requirements of the administrative services
agreement with iVoice. If there are additional deficiencies that are in excess
of the proceeds of the secured promissory note, and SpeechSwitch is unable to
obtain funds from the sale of our Class A Common Stock to Cornell, management
believes that SpeechSwitch can limit its operations, defer payments to
management and maintain its business at nominal levels until it can identify
alternative sources of capital.

         Except for these two financing agreements, the Company has no other
significant sources of working capital or cash commitments. Accordingly, no
assurance can be given that SpeechSwitch will raise sufficient funds from such
financing arrangements, or that SpeechSwitch will ever produce sufficient
revenues to sustain its operations, or that a market will develop for its common
stock for which a significant amount of SpeechSwitch's financing is dependent
upon.

         On August 5, 2005, SpeechSwitch assumed an aggregate of $190,000 in
liabilities from iVoice and iVoice assigned to SpeechSwitch assets having an
aggregate book value of $16,800. SpeechSwitch believes that the fair value of
these assets may be greater than the book value, although it has not undertaken
an appraisal. The assumed obligations are described below.

                                       21
<PAGE>
         SpeechSwitch assumed from iVoice an outstanding promissory note in the
amount of $190,000 payable to Jerry Mahoney. This amount is related to funds
that had been loaned to iVoice in July 2000 that were used to develop the
automated speech attendant software business. The amount of $190,000 includes
approximately $32,110 for interest on the original loan from Jerry Mahoney to
iVoice. Pursuant to the terms of the promissory note, SpeechSwitch, for value
received, will pay to Mr. Mahoney the principal sum of $190,000 that will bear
interest at the prime rate plus 2% per annum on the unpaid balance until paid or
until default. Interest payments will be due annually. All accrued interest
becomes due on the date of any payment of the promissory note. At the time of
default (if any) the interest rate shall increase to 20% until the principal
balance has been paid. Under the terms of the promissory note, at the option of
the note holder, principal and interest can be converted into either (i) one
share of Class B Common Stock of SpeechSwitch, par value $0.01, for each dollar
owed, (ii) the number of shares of Class A Common Stock of SpeechSwitch
calculated by dividing (x) the sum of the principal and interest that the note
holder has requested to have prepaid by (y) eighty percent (80%) of the lowest
issue price of Class A Common Stock since the first advance of funds under this
note, or (iii) payment of the principal of this note, before any repayment of
interest.

         During the nine months ended September 30, 2006, the Company had a net
decrease in cash of $46,224. The Company's principal sources and uses of funds
were as follows:

         CASH USED BY OPERATING ACTIVITIES. The Company used $175,024 in cash
for operating activities in the nine months ended September 30, 2006. This was
primarily the result of the cash used to fund the loss from current operating
activities.

         CASH PROVIDED BY FINANCING ACTIVITIES. Financing activities in the nine
months ended September 30, 2006 provided a total of $ 128,800 in cash. This
consisted of net proceeds from the issuance of common stock through equity
financing with Cornell Capital Partners.


FORWARD LOOKING STATEMENTS - CAUTIONARY FACTORS

Certain information included in this Form 10-QSB and other materials filed or to
be filed by us with the Securities and Exchange Commission (as well as
information included in oral or written statements made by us or on our behalf),
may contain forward-looking statements about our current and expected
performance trends, growth plans, business goals and other matters. These
statements may be contained in our filings with the Securities and Exchange
Commission, in our press releases, in other written communications, and in oral
statements made by or with the approval of one of our authorized officers.
Information set forth in this discussion and analysis contains various
"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. The Private
Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe
harbor" provisions for forward-looking statements. The reader is cautioned that
such forward-looking statements are based on information available at the time
and/or management's good faith belief with respect to future events, and are
subject to risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in the statements.
Forward-looking statements speak only as of the date the statement was made. We
assume no obligation to update forward-looking information to reflect actual
results, changes in assumptions or changes in other factors affecting
forward-looking information. Forward-looking statements are typically identified
by the use of terms such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "might," "plan," "predict," "project," "should,"
"will," and similar words, although some forward-looking statements are
expressed differently. Although we believe that the expectations reflected in
such forward-looking statements are reasonable, we can give no assurance that
such expectations will prove to be correct.

                                       22
<PAGE>
ITEM 3.  CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

The Company maintains a set of disclosure controls and procedures designed to
ensure that information required to be disclosed by us in our reports filed
under the Securities Exchange Act, is recorded, processed, summarized, and
reported within the time periods specified by the SEC's rules and forms.
Disclosure controls are also designed with the objective of ensuring that this
information is accumulated and communicated to our management, including our
chief executive officer and chief financial officer, as appropriate, to allow
timely decisions regarding required disclosure.

Our Board of Directors were advised by Bagell, Josephs, Levine and Company, LLC,
our independent registered public accounting firm, that during their performance
of review procedures for the period ended June 30, 2006, they have identified a
material weakness as defined in Public Company Accounting Oversight Board
Standard No. 2 in our internal control over financial reporting. Our auditors
have identified the following material weaknesses in our internal controls:

     A material weakness in the Company's internal controls existed as of June
     30, 2006, due to the Company's limited number of employees. With regard to
     such personnel, there is a weakness as a result of the limited segregation
     of duties amongst the Company's employees. This material weakness may
     affect management's ability to effectively review and analyze elements of
     the financial statement closing process and prepare consolidated financial
     statements in accordance with U.S. GAAP.

Subsequent to the notification from our independent registered public accounting
firm, our chief executive officer evaluated our internal controls and concurred
that our disclosure controls and procedures are not effective to ensure that
information required to be included in our periodic SEC filings is recorded,
processed, summarized, and reported within the time periods specified in the SEC
rules and forms. However, our resources and size prevent us from being able to
employ sufficient resources to enable us to have adequate segregation of duties
within our internal control system. Management is required to apply its judgment
in evaluating the cost-benefit relationship of possible changes in our
disclosure controls and procedures.

Other than the material weakness indicated above, no accounting errors or
misstatements have been identified by our disclosure controls and procedures or
by our independent registered public accounting firm that would have a material
effect on our Financial Statements.

CHANGES IN INTERNAL CONTROLS

Management of the Company has evaluated, with the participation of the Chief
Executive Officer of the Company, any change in the Company's internal control
over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the
Exchange Act) that occurred during the fiscal quarter covered by this Quarterly
Report on Form 10-QSB. There was no change in the Company's internal control
over financial reporting identified in that evaluation that occurred during the
fiscal quarter covered by this Quarterly Report on Form 10-QSB that has
materially affected, or is reasonably likely to materially affect, the Company's
internal control over financial reporting, other than what has been reported
above.

RISK FACTOR RELATED TO CONTROLS AND PROCEDURES

     THE COMPANY HAS A MATERIAL WEAKNESS IN INTERNAL CONTROLS DUE TO A LIMITED
SEGREGATION OF DUTIES, AND IF THE COMPANY FAILS TO MAINTAIN AN EFFECTIVE SYSTEM
OF INTERNAL CONTROLS, IT MAY NOT BE ABLE TO ACCURATELY REPORT ITS FINANCIAL
RESULTS OR PREVENT FRAUD. AS A RESULT, CURRENT AND POTENTIAL STOCKHOLDERS COULD
LOSE CONFIDENCE IN THE COMPANY'S FINANCIAL REPORTING WHICH COULD HARM THE
TRADING PRICE OF THE COMPANY'S STOCK.

Effective internal controls are necessary for the Company to provide reliable
financial reports and prevent fraud. Inferior internal controls could cause
investors to lose confidence in the Company's reported financial information,
which could have a negative effect on the trading price of the Company's stock.
Management has found it necessary to limit the Company's administrative staffing
in order to conserve cash, until the Company's level of business activity
increases. As a result, there is very limited segregation of duties amongst the
administrative employees, and the Company and its independent public accounting
firm have identified this as a material weakness in the Company's internal
controls. Despite the limited number of administrative employees and limited
segregation of duties, management believes that the Company's administrative
employees are capable of following its disclosure controls and procedures
effectively.

                                       23
<PAGE>
                           PART II - OTHER INFORMATION



ITEM 6.  EXHIBITS


         10.1    Patent Purchase Agreement dated April 20, 2006 by and between
                 SpeechSwitch, Inc. and Lamson Holdings, LLC filed with the
                 Commission as Exhibit 10.1 to the Current Report on Form 8-K
                 dated July 28, 2006 which is incorporated by reference herein.

         31.1    Certifications of the Chief Executive Officer and Principal
                 Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
                 Act of 2002

         32.1    Certification Pursuant To 18 U.S.C. Section 1350, As Adopted
                 Pursuant To Section 906 of the Sarbanes-Oxley Act Of 2002
























                                       24
<PAGE>
                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.




SpeechSwitch, Inc




By: /s/ Bruce R. Knef                                   Date:   January 16, 2007
    ----------------------------------------------------------------------------
    Bruce R. Knef, President,
    Chief Executive Officer and
    Principal Financial Officer
































                                       25
<PAGE>

                                INDEX OF EXHIBITS
                                -----------------



         10.1    Patent Purchase Agreement dated April 20, 2006 by and between
                 SpeechSwitch, Inc. and Lamson Holdings, LLC filed with the
                 Commission as Exhibit 10.1 to the Current Report on Form 8-K
                 dated July 28, 2006 which is incorporated by reference herein.

         31.1    Certifications of the Chief Executive Officer and Chief
                 Financial Officer pursuant to Section 302 of the Sarbanes-Oxley
                 Act of 2002

         32.1    Certification Pursuant To 18 U.S.C. Section 1350, As Adopted
                 Pursuant To Section 906 of the Sarbanes-Oxley Act Of 2002



























                                       26