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

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

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

                                   FORM 10-QSB


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

       For the quarterly period ended September 30, 2007


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

       Commission File No. 333-120507




                               SPEECHSWITCH, INC.
--------------------------------------------------------------------------------
             (Exact name of the Registrant as specified in Charter)


NEW JERSEY                                                    20-1862816
--------------------------------------------------------------------------------
(State of Incorporation)                             (I.R.S. Employer ID Number)


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


          REGISTRANT'S TELEPHONE NO. INCLUDING AREA CODE: 732-441-7700




Securities registered under 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Exchange Act:

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 checkmark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Securities Act).  Yes [_]  No [X]

Indicate the number of shares outstanding of the issuer's common stock, as of
the latest practical date: 207,090,861 shares of Class A Common stock, no par
value as of November 12, 2007.

Transitional Small Business Disclosure Format:  Yes [_]  No [X]

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<PAGE>
                               SPEECHSWITCH, INC.
                                TABLE OF CONTENTS
                                -----------------


                                                                            PAGE
                                                                            ----
             PART I - FINANCIAL INFORMATION

Item 1.      Condensed Financial Statements (Unaudited):

             Condensed Balance Sheet - September 30, 2007                      1

             Condensed Statements of Operations - Three and
             Nine Months Ended September 30, 2007 and 2006                     2

             Condensed Statements of Cash Flows - Nine Months
             Ended September 30, 2007 and 2006                               3-4

             Notes to Condensed Financial Statements                        5-16


Item 2.      Management's Discussion and Analysis or Plan of Operation     17-24


Item 3.      Controls and Procedures                                          22


Item 3A(T).  Controls and Procedures                                          23




             PART II - OTHER INFORMATION

Item 6.      Exhibits                                                         24



Index of Exhibits                                                             25




<PAGE>
ITEM 1 - FINANCIAL STATEMENTS

                               SPEECHSWITCH, INC.
                             CONDENSED BALANCE SHEET
                             -----------------------
                                   (UNAUDITED)
<TABLE><CAPTION>
                                                                          SEPTEMBER 30,
                                                                              2007
                                                                          ------------
<S>                                                                       <C>
ASSETS

Current assets:
  Cash and cash equivalents                                               $     44,100
  Accounts receivable, net of allowance for doubtful accounts of $2,862         12,117
  Prepaid expenses                                                               6,834
                                                                          ------------

Total current assets                                                            63,051

Intangible assets, net                                                           6,571
                                                                          ------------

Total assets                                                              $     69,622
                                                                          ============

LIABILITIES & STOCKHOLDERS' DEFICIT

Current liabilities:
  Accounts payable and accrued expenses                                   $    629,179
  Due to related parties                                                       238,040
  Deferred maintenance contracts                                                 2,237
  Notes payable to related parties                                             138,912
  Convertible debenture, net of unamortized debt discount of $832,117          154,723
  Derivative Liability                                                       1,363,719
                                                                          ------------

Total current liabilities                                                    2,526,810
                                                                          ------------

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;
         131,732,402 shares issued and outstanding                             529,267
      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                                                2,131,689
   Accumulated deficit                                                      (5,118,144)
                                                                          ------------

Total stockholders' deficit                                                 (2,457,188)
                                                                          ------------

Total liabilities and stockholders' deficit                               $     69,622
                                                                          ============
</TABLE>

See accompanying notes to condensed financial statements

                                        1
<PAGE>
                               SPEECHSWITCH, INC.
                       CONDENSED STATEMENTS OF OPERATIONS
                       ----------------------------------
                                   (UNAUDITED)

<TABLE><CAPTION>
                                                 Three Months Ended                  Nine Months Ended
                                          --------------------------------    --------------------------------
                                           September 30,     September 30,     September 30,     September 30,
                                               2007              2006              2007              2006
                                          --------------    --------------    --------------    --------------
<S>                                       <C>               <C>               <C>               <C>
Net sales                                 $       22,099    $      195,722    $       52,954    $      240,484

Cost of sales                                      3,823            17,626            19,436            36,026
                                          --------------    --------------    --------------    --------------

Gross margin                                      18,276           178,096            33,518           204,458
                                          --------------    --------------    --------------    --------------

Operating expenses:
  Selling and marketing expenses                  34,649            35,196            85,621            97,130
  General and administrative expenses             86,182            90,860           381,020           266,722
  Engineering, research, & development            16,250            16,739            60,910            46,956
                                          --------------    --------------    --------------    --------------

Total operating expenses                         137,081           142,795           527,551           410,808
                                          --------------    --------------    --------------    --------------

  Income (loss) from operations                 (118,805)           35,301          (494,033)         (206,350)
                                          --------------    --------------    --------------    --------------

Other income (expense):
  Interest income                                    196             2,854             1,994             7,175
  Interest expense                               (30,118)          (63,087)          (81,455)         (205,974)
  Amortization of debt discount                  (83,941)               --          (167,883)               --
  Loss on valuation of derivative               (110,364)               --          (363,719)               --
                                          --------------    --------------    --------------    --------------

Total other income (expense)                    (224,227)          (60,233)         (611,063)         (198,799)
                                          --------------    --------------    --------------    --------------

Loss before taxes                               (343,032)          (24,932)       (1,105,096)         (405,149)

Provision for income taxes                            --                --                --                --
                                          --------------    --------------    --------------    --------------

Net loss attributable to common shares    $     (343,032)   $      (24,932)   $   (1,105,096)   $     (405,149)
                                          ==============    ==============    ==============    ==============

Basic and diluted loss per common share   $        (0.00)   $        (0.00)   $        (0.02)   $        (0.02)

Weighted average shares outstanding
  Basic and diluted                          107,753,469        22,296,862        62,467,301        17,590,251
</TABLE>


See accompanying notes to condensed financial statements.

                                        2
<PAGE>
                               SPEECHSWITCH, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                       ----------------------------------
                                   (UNAUDITED)
<TABLE><CAPTION>
                                                                  NINE MONTHS ENDED
                                                            ----------------------------
                                                            SEPTEMBER 30,   SEPTEMBER 30,
                                                                2007            2006
                                                            ------------    ------------
<S>                                                         <C>             <C>
Cash flows from operating activities:
Net loss                                                    $ (1,105,096)   $   (405,149)
Adjustments to reconcile net loss to net
    cash used in operating activities:
       Amortization of intangibles                                 2,554           2,554
       Loss on valuation of derivative                           363,719              --
       Amortization of debt discount                             167,883              --
       Common stock issued for investor relations                 21,000           8,595
       Common stock issued for consulting services                30,000              --
       Common stock issued for legal services                     14,436          56,850
       Common stock issued for compensation                       10,199              --
       Beneficial interest incurred on debt reduction              9,113          52,919
       Beneficial interest incurred on payable reduction           8,748              --

Changes in assets and liabilities:
    Decrease (increase) in accounts receivable                     2,184            (508)
    Decrease (increase) in prepaid expenses                        2,142          (9,276)
    Increase in accounts payable and accrued liabilities         109,899          86,761
    Increase in amounts due to related parties                    83,127          32,457
    Increase (decrease) in deferred maintenance contracts            700            (227)
                                                            ------------    ------------

Net cash (used in) operating activities                         (279,392)       (175,024)
                                                            ------------    ------------

Cash flows from financing activities:
    Issuance of common stock through equity financing             80,533         152,519
    Issuance costs incurred through equity financing             (12,948)        (23,719)
                                                            ------------    ------------

Net cash provided by financing activities                         67,585         128,800
                                                            ------------    ------------

Net (decrease) in cash and cash equivalents                     (211,807)        (46,224)

Cash and cash equivalents at beginning of period                 255,907         399,720
                                                            ------------    ------------

SUPPLEMENTAL CASH FLOW INFORMATION:

Taxes paid                                                  $         --        $     --
Interest paid                                               $         --        $     --
</TABLE>

See accompanying notes to condensed financial statements

                                        3
<PAGE>
                               SPEECHSWITCH, INC.
                 CONDENSED STATEMENTS OF CASH FLOWS (CONTINUED)
                 ----------------------------------------------
                                   (UNAUDITED)

Supplemental Schedule of Non-Cash Financing Activities:

For the Nine Months Ended September 30, 2007:

     a)   The Company issued 7,900,000 shares of Class A common stock with a
          fair market value of $14,436 for repayment of legal expenses valued at
          $5,688. The difference in the market value and the value of the
          services was appropriately charged to beneficial interest in the
          amount of $8,748.

     b)   The Company issued 6,200,000 shares of Class A common stock with a
          fair market value of $13,578 to an officer to reduce the promissory
          note by $4,464. The difference in the market value and the value of
          the services was appropriately charged to beneficial interest in the
          amount of $9,113.

     c)   The Company issued 13,288,889 shares of Class A common stock to
          Cornell Capital to convert $13,160 of the Convertible Debenture into
          common stock of the Company.

     d)   The Company converted $1,000,000 of note payable into a convertible
          debenture.














                                        4
<PAGE>
                               SPEECHSWITCH, INC.
                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                           SEPTEMBER 30, 2007 AND 2006


Note 1    Background
------    ----------

SpeechSwitch, Inc. ("SpeechSwitch" or the "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 are referring to an agreement, contract or other written
instrument that had been entered into by iVoice Technology 3 thereafter and
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's software business
into three publicly owned companies. SpeechSwitch was formed to continue to
develop, market and license the automated speech attendant software, which runs
on industry-standard hardware and performs speech recognition. The 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
(the "Spin-off") to SpeechSwitch. 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 SpeechSwitch is able to replace any or all of the
services currently being provided by iVoice

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 registration statement filed by the Company to effectuate
the Spin-off was declared effective by the U.S. Securities and Exchange
Commission (the "SEC") and the Spin-off was thereafter completed on August 5,
2005.

Note 2    Business Operations
------    -------------------

We 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. Our products
are designed to be "people oriented", with features that can be readily used
with out special training and manuals. Our product line of Speech SDK,
incorporate this philosophy. SpeechSwitch markets, promotes and sells its
speech-enabled products primarily through telephony reseller channels. The
Company also sells direct to end users in geographic locations where an
authorized reseller does not exist. On direct sales orders, the Company is able
to achieve greater profit margins through higher direct selling prices.


                                        5
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 2    Business Operations (continued)
------    -------------------------------

The Company employs two full-time employees and one part-time employee.
SpeechSwitch may seek to expand its operations through additional sales and
marketing activity and the acquisition of additional businesses. Any potential
acquired additional businesses may be outside the current field of operations of
SpeechSwitch. SpeechSwitch may not be able to identify, successfully integrate
or profitably manage any such businesses or operations. Currently, SpeechSwitch
has no plans, proposals or arrangements, either orally or in writing, regarding
any proposed acquisitions and is not considering any potential acquisitions.


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 relies
on iVoice, Inc. for administrative, management, research and other services.

As of September 30, 2007, 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.

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
they can continue to draw down on their SEDA to fund the working capital needs.

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.


Note 4    Summary of Significant Accounting Policies
------    ------------------------------------------

a) Basis of Presentation

The accompanying 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, 2006 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

                                        6
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 4    Summary of Significant Accounting Policies (continued)
------    ------------------------------------------------------

be accomplished by the Company later in the year. These results are not
necessarily indicative of the results to be expected for the full 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.

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. 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.

                                        7
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 4    Summary of Significant Accounting Policies (continued)
------    ------------------------------------------------------

c) Revenue Recognition (continued)

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.

Due to the nature of the business and one-time contracts, it is unlikely that
any one customer will impact revenues in future periods.

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 expense as incurred.

f) Advertising Costs

Advertising costs are expensed as incurred and included in selling expenses. For
the nine months ended September 30, 2007, and 2006, advertising costs amounted
to $1,914 and $4,344, 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, 2007.

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. There were no uninsured cash balances at September 30, 2007.

h) Reclassifications

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

                                        8
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 4    Summary of Significant Accounting Policies (continued)
------    ------------------------------------------------------

i) Intangible Assets

In May and 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. In accordance
with FAS 142, goodwill and indefinite-lived intangible assets are reviewed for
impairment at least annually, or 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 determined that there
was no impairment of indefinite-lived intangible assets at December 31, 2006.

j) Income Taxes

The Company accounts for income taxes under the Financial Accounting Standards
Board ("FASB") of Financial Accounting Standards ("SFAS") 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.

k) Derivative Liabilities

The Company accounts for its embedded conversion features in its convertible
debentures in accordance with SFAS No. 133, "Accounting for Derivative
Instruments and Hedging Activities", which requires a periodic valuation of
their fair value and a corresponding recognition of liabilities associated with
such derivatives, and EITF 00-19, "Accounting for Derivative Financial
Instruments Indexed to, and Potentially Settled in, a Company's Own Stock. The
recognition of derivative liabilities related to the issuance of convertible
debt is applied first to the proceeds of such issuance as a debt discount, at
the date of issuance, and the excess of derivative liabilities over the proceeds
is recognized as "Loss on Valuation of Derivative" in other expense in the
accompanying financial statements. Any subsequent increase or decrease in the
fair value of the derivative liabilities is recognized as "Other expense" or
"Other income", respectively. The financial statements for the period ended
September 30, 2007 include the recognition of the derivative liability on the
underlying securities issuable upon conversion of the Convertible Debentures
with Cornell Capital.

l) Fair Value of Instruments

The carrying amount reported in the condensed balance sheet for cash and cash
equivalents, deposits, prepaid expenses, accounts payable, and accrued expenses
approximate fair value because of the immediate or short-term maturity of these
financial instruments. The carrying amount reported for notes payable
approximates fair value because, in general, the interest on the underlying
instruments fluctuates with market rates.

                                        9
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 5    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 Company's basic loss per common share is based on net loss for the relevant
period, divided by the weighted average number of common shares outstanding
during the period. Diluted loss per common share is based on net loss, divided
by the weighted average number of common shares outstanding during the period,
including common share equivalents, such as outstanding stock options. Diluted
loss per share for the periods ended September 30, 2007 and 2006 does not
include common stock equivalents, as these shares would be antidilutive.
<TABLE><CAPTION>
                                                                    THREE MONTHS ENDED    THREE MONTHS ENDED
                                                                    SEPTEMBER 30, 2007    SEPTEMBER 30, 2006
                                                                    ------------------    ------------------
<S>                                                                 <C>                   <C>
BASIC NET LOSS PER SHARE COMPUTATION:
   Net loss attributable to common stockholders                       $     (343,032)       $      (24,932)
   Weighted-average common shares outstanding                            107,753,469            22,296,862
   Basic net loss per share attributable to common stockholders       $        (0.00)       $        (0.00)
DILUTED NET LOSS PER SHARE COMPUTATION
   Net loss attributable to common stockholders                       $     (343,032)       $      (24,932)
   Weighted-average common shares outstanding                            107,753,469            22,296,862
   Incremental shares attributable to the assumed exercise of
     outstanding stock options                                                    --                    --
   Total adjusted weighted-average shares                                107,753,469            22,296,862
   Diluted net loss per share attributable to common stockholders     $        (0.00)       $        (0.00)


                                                                     NINE MONTHS ENDED     NINE MONTHS ENDED
                                                                    SEPTEMBER 30, 2007    SEPTEMBER 30, 2006
                                                                    ------------------    ------------------
BASIC NET LOSS PER SHARE COMPUTATION:
   Net loss attributable to common stockholders                       $   (1,105,096)       $     (405,149)
   Weighted-average common shares outstanding                             62,467,301            17,590,251
   Basic net loss per share attributable to common stockholders       $        (0.02)       $        (0.02)
DILUTED NET LOSS PER SHARE COMPUTATION
   Net loss attributable to common stockholders                       $   (1,105,096)       $     (405,149)
   Weighted-average common shares outstanding                             62,467,301            17,590,251
   Incremental shares attributable to the assumed exercise of
     outstanding stock options                                                    --                    --
   Total adjusted weighted-average shares                                 62,467,301            17,590,251
   Diluted net loss per share attributable to common stockholders     $        (0.02)       $        (0.02)
</TABLE>

Note 6    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. These assets were valued at $16,800 at the date of the spin-off
from iVoice, Inc. Additional filing costs of $225 were capitalized on August 26,
2005. These assets are reflected at cost, net of accumulated amortization of
$10,454.

                                       10
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 7    Income Taxes
------    ------------

Deferred income taxes will be 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, 2007 deferred tax assets consist of the following:

          Deferred tax assets                  $  538,000
          Less: Valuation Allowance              (538,000)
                                               ----------
          Net deferred tax assets              $      -0-
                                               ==========

At September 30, 2007, the Company had a federal net operating loss carry
forward in the approximate amount of $1,582,000 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    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 Directors 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 (9.75% at September 30, 2007) 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 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. The Board of Directors of the Company maintains control over the
issuance of shares and may decline the request for conversion of the repayment
into shares of the Company. As of September 30, 2007, the outstanding balance
due to Mr. Mahoney is $138,912 plus accrued interest of $54,244.


                                       11
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 8    Related Party Transactions (continued)
------    --------------------------------------

SpeechSwitch entered into a five-year employment agreement with Mr. Mahoney as
of August 1, 2004. Mr. Mahoney will serve as SpeechSwitch's Non-Executive
Chairman of the Board for a term of five years. As consideration, SpeechSwitch
agreed to pay Mr. Mahoney the sum of $85,000 the first year with an annual
increase based on the Consumer Price Index every year thereafter. SpeechSwitch
also agreed to pay Mr. Mahoney a bonus for each merger or acquisition completed
by the Company equal to six percent (6%) of the gross consideration paid or
received by SpeechSwitch in a merger or acquisition completed by the Company
during the term of the agreement. This bonus would be payable in the form of
cash, debt, or shares of our Class B Common Stock at the option of Mr. Mahoney.
For the nine months ended September 30, 2007, Mr. Mahoney deferred $49,462 of
his compensation. As of September 30, 2007 total deferred compensation due Mr.
Mahoney was $204,375.

SpeechSwitch entered into an employment agreement with Bruce Knef as of November
8, 2004. Pursuant to the terms of the employment agreement, as amended on
November 22, 2006, Mr. Knef will serve as SpeechSwitch's President and Chief
Executive Officer until November 7, 2007. As consideration, SpeechSwitch agreed
to pay Mr. Knef a base salary of $85,000 during the term. In addition,
SpeechSwitch agreed to pay Mr. Knef incentive compensation based on the amount
of total revenues collected by SpeechSwitch. If SpeechSwitch records and
collects total revenues in an amount greater than $300,000 but less than
$2,000,000, Mr. Knef will receive a bonus equal to 7.5% of the total revenues of
the Company. If SpeechSwitch records and collects total revenues in an amount
greater than $2,000,000, in addition to the 7.5% bonus, Mr. Knef will also
receive a bonus equal to 3.5% of the total revenues of the Company in excess of
$2,000,000. However, if the Company's pre-tax profit margin for the year is less
than 35%, Mr. Knef's aggregate bonus will be reduced by 35%. Pursuant to an
amendment to the employment agreement entered into on November 22, 2006,
SpeechSwitch also agreed to pay Mr. Knef additional compensation of $15,000
annually, which is payable in quarterly disbursements of the Company's Class A
common stock issued under the 2005 Directors' and Officers' Stock Incentive
Plan.

Note 9    Notes Payable
------    -------------

On August 12 and November 19, 2004, SpeechSwitch, Inc. 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.

                                       12
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 9    Notes Payable (continued)
------    -------------------------

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. To date, no weekly principal payments have
been made.

The Company's obligations under the promissory note issued to Cornell Capital
Partners are secured by a first priority interest in substanially all of our
assets.

On April 16, 2007, SpeechSwitch, Inc. issued a Secured Convertible Debenture
dated March 30, 2007 (the "Debenture") to Cornell Capital Partners, LP.
("Cornell") for the sum of $1,000,000 in exchange for this note payable for the
same amount (see Note 10).


Note 10   Derivative Liability
-------   --------------------

On March 30, 2007, SpeechSwitch, Inc. issued a Secured Convertible Debenture
(the "Debenture") to Cornell Capital Partners, LP. ("Cornell") for the sum of
$1,000,000 in exchange for a previously issued notes payable for the same
amount. The Debenture has a term of three years, and pays interest at the rate
of 5% per annum. Cornell has the right to convert a portion or the entire
outstanding principal into the Company's Class A Common Stock at a Conversion
Price equal to eighty percent (80%) of the lowest closing Bid Price of the
Common Stock during the five (5) trading days immediately preceding the
Conversion Date. Cornell may not convert the Debenture into shares of Class A
Common Stock if such conversion would result in Cornell beneficially owning in
excess of 4.99% of the then issued and outstanding shares of Class A Common
Stock. The Conversion Price and number of shares of Class A Common Stock
issuable upon conversion of the Debenture are subject to certain exceptions and
adjustment for stock splits and combinations and other dilutive events. Subject
to the terms and conditions of the Debenture, the Company has the right to
redeem ("Optional Redemption") a portion or all amounts outstanding under this
Debenture prior to the Maturity Date at any time provided that as of the date of
the Holder's receipt of a Redemption Notice (i) the Closing Bid Price of the of
the Common Stock, as reported by Bloomberg, LP, is less than the Conversion
Price and (ii) no Event of Default has occurred. The Company shall pay an amount
equal to the principal amount being redeemed plus a redemption premium
("Redemption Premium") equal to twenty percent (20%) of the principal amount
being redeemed, and accrued interest, (collectively referred to as the
"Redemption Amount"). During the time that any portion of this Debenture is
outstanding, if any Event of Default has occurred, the full principal amount of
this Debenture, together with interest and other amounts owing in respect
thereof, to the date of acceleration shall become at the Holder's election,
immediately due and payable in cash, provided however, the Holder may request
(but shall have no obligation to request) payment of such amounts in Common
stock of the Company. Furthermore, on addition to any other remedies, the Holder
shall have the right (but not the obligation) to convert this Debenture at any
time after (x) an Event of Default or (y) the Maturity Date at the Conversion
Price then in-effect. The debenture is secured by substantially all of the
assets of the Company. As of September 30, 2007, the outstanding balance on the
Convertible Debenture was $986,840.

                                       13
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 10   Derivative Liability (continued)
-------   --------------------------------

In accordance with Statement of Financial Accounting Standards No. 133,
"Accounting for Derivative Instruments and Hedging Activities", ("FASB 133"),
the Company determined that the conversion feature of the Debenture met the
criteria of an embedded derivative, and therefore the conversion feature of this
Debenture needed to be bifurcated and accounted for as a derivative. The fair
value of the embedded conversion was estimated at the date of issuance using the
Black-Scholes model with the following assumptions: risk free interest rate:
5.6%; expected dividend yield: 0%: expected life: 3 years; and volatility:
165.62%. The accounting guidance instructs that the conversion options are a
derivative liability. As such, in March 2007 the Company recorded the conversion
options as a liability, recorded a debt discount of $1,000,000, and charged
Other Expense - Loss on Valuation of Derivative for $124,479, resulting
primarily from calculation of the conversion price. For the three months ended
September 30, 2007, the Company recorded a Loss on Valuation of Derivative in
the amount of $110,364. For the nine months ended September 30, 2007, the
Company recorded a Loss on Valuation of Derivative in the amount of $363,719.

Additionally, on March 30, 2007, the Company, Cornell and the Company's transfer
agent, Fidelity Transfer Company, entered into an Irrevocable Transfer Agent
Instructions related to the conversion of the Debenture.


Note 11   Subscription 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.

On March 30, 2007, the Company and Cornell entered into an Amendment to the
Amended and Restated Standby Equity Distribution Agreement dated as of the 12th
day of December 2005, which revised the restrictions upon the Company's ability
to sell equity.


Note 12   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, and
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.

                                       14
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 12   Capital Stock (continued)
-------   -------------------------

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, 2007, SpeechSwitch has not issued any
shares of Preferred Stock.

b) Class A Common Stock

As of September 30, 2007, there are 10,000,000,000 shares of Class A Common
Stock authorized, no par value, and 131,732,402 shares were issued and
outstanding.

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.

c) Class B Common Stock

As of September 30, 2007, 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 liquidation, dissolution, or winding-up, holders of Class B Common Stock
will be entitled to receive distributions. As of September 30, 2007, no shares
were issued or outstanding.

d) Class C Common Stock

As of September 30, 2007, 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 the Company's net assets pro rata. As of September 30, 2007, no shares
were issued or outstanding.


Note 13   Stock Options
-------   -------------

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 employees. The Company has not issued any
stock options as of September 30, 2007.

                                       15
<PAGE>
                               SPEECHSWITCH, INC.
               NOTES TO CONDENSED FINANCIAL STATEMENTS (CONTINUED)
                           SEPTEMBER 30, 2007 AND 2006


Note 14   New Accounting Pronouncements
-------   -----------------------------

In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for
Financial Assets and Liabilities, including an amendment of FASB Statement No.
115" ("SFAS No. 159"). SFAS No. 159 permits entities to choose, at specified
election dates, to measure many financial instruments and certain other items at
fair value that are not currently required to be measured at fair value.
Unrealized gains and losses shall be reported on items for which the fair value
option has been elected in earnings at each subsequent reporting date. SFAS No.
159 is effective for fiscal years beginning after November 15, 2007. Early
adoption is permitted as of the beginning of a fiscal year that begins on or
before November 15, 2007, provided the entity also elects to apply the
provisions of SFAS No. 157 "Fair Value Measurements" ("SFAS No. 157"). The
Company is currently assessing the impact that SFAS No. 159 will have on its
financial statements.

In June 2006, the FASB issued Interpretation No. 48, "Accounting for Uncertainty
in Income Taxes" (FIN 48), which clarifies the accounting for uncertainty in
income taxes recognized in an enterprise's financial statements in accordance
with SFAS No. 109, "Accounting for Income Taxes." FIN 48 establishes a
recognition threshold and measurement attribute for the financial statement
recognition and measurement of a tax position taken or expected to be taken in a
tax return. This interpretation also provides guidance on derecognition,
classification, interest and penalties, accounting in interim periods,
disclosure, and transition. FIN 48 is effective for fiscal years beginning after
December 15, 2006. The interpretation has had no effect or impact on its
financial statements.








                                       16
<PAGE>
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE RESULTS OF OPERATIONS AND
          FINANCIAL CONDITION

FORWARD LOOKING STATEMENTS
--------------------------

A number of the statements made by the Company in this report may be regarded as
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.

Forward-looking statements include, among others, statements concerning the
Company's outlook, pricing trends and forces within the industry, the completion
dates of capital projects, expected sales growth, cost reduction strategies and
their results, long-term goals of the Company and other statements of
expectations, beliefs, future plans and strategies, anticipated events or trends
and similar expressions concerning matters that are not historical facts.

All predictions as to future results contain a measure of uncertainty and
accordingly, actual results could differ materially. Among the factors that
could cause a difference are: changes in the general economy; changes in demand
for the Company's products or in the cost and availability of its raw materials;
the actions of its competitors; the success of our customers; technological
change; changes in employee relations; government regulations; litigation,
including its inherent uncertainty; difficulties in plant operations and
materials; transportation, environmental matters; and other unforeseen
circumstances. For a discussion of material risks and uncertainties that the
Company faces, see the discussion in the Form 10-KSB for the fiscal year ended
December 31, 2006 entitled "Risk Factors".



RESULTS OF OPERATIONS
---------------------

All revenues reported by SpeechSwitch are derived from the license of our speech
recognition software products and the sale of our patents. For the three and
nine months ended September 30, 2007, total revenues declined $173,623 (88.7%)
to $22,099 and $187,530 (78.0%) to $52,954, respectively, as compared to the
same periods in the prior year as 2006 included the sales of patents in the
amount of $135,360. For the three and nine months ended September 30, 2007,
total revenues associated with product installations and maintenance declined
$38,263 (63.4%) to $22,099 and $52,170 (49.6%) to $52,954, respectively, as
compared to the same periods in the prior year. All sales for the year 2007 were
for product installations and maintenance. 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 and nine months ended September 30, 2007 declined
$159,820 (89.7%) to $18,276 and $170,940 (83.6%), respectively, as compared to
the three and nine months ended September 30, 2006. The three and nine months
ended September 30, 2006 included the gross margin on the sales of patents in
the amount of $135,360. There were no patent sales in 2007. Gross margin on
revenues associated with product installations and maintenance decreased
primarily as a result of the lower sales.

                                       17
<PAGE>
Total operating expenses decreased $5,714 (4.0%) to $137,081 for the three
months ended September 30, 2007 as compared to the same period in the prior
year. Total operating expenses increased $116,743 (28.4%) to $527,551 for the
nine months ended September 30, 2007 as compared to the same period in the prior
year This increase is attributed mostly to an increase in legal fees, consulting
fees and for investor relations.

Total other expenses increased $163,994 and $412,264, respectively, for the
three and nine months ended September 30, 2007 as compared to the three and nine
months ended September 30, 2006. This increase is mostly attributed to the loss
on valuation of derivative and the amortization of the debt discount, partially
offset by lower interest expense.

Net loss for the quarter ended September 30, 2007 was $343,032 as compared to a
loss of $24,932 for the quarter ended September 30, 2006. Net loss for the nine
months ended September 30, 2007 was $1,105,096 as compared to a loss of $405,149
for the nine months ended September 30, 2006. The increase in net loss for these
periods 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.

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 amount of
$1,000,000, which note accrues interest at rate of 12% per annum, but is not
convertible into any equity security of SpeechSwitch. The loans evidenced by the
promissory note have not yet been repaid. In connection with the issuances of
the secured convertible debentures, SpeechSwitch paid a fee to Cornell Capital
Partners 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 a fee of
$20,000 in connection with its $200,000 additional borrowing. SpeechSwitch'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. iVoice has also guaranteed the payment of all amounts payable by
SpeechSwitch pursuant to the secured promissory note. This guaranty terminated
on August 4, 2005.

On March 30, 2007, SpeechSwitch, Inc. issued a Secured Convertible Debenture
(the "Debenture") to Cornell Capital Partners, LP. ("Cornell") for the sum of
$1,000,000 in exchange for a previously issued promissory note for the same
amount (see Note 10 to the Condensed Financial Statements).

On December 12, 2005, we entered into an Amended and Restated Standby Equity
Distribution Agreement, whereby we may, at our discretion, periodically sell to
Cornell Capital Partners shares of Class A Common Stock for a total purchase
price of up to $10.0 million. For each share of Class A Common Stock purchased
under the equity line of credit, Cornell Capital Partners will pay 95% of the
lowest closing bid price on the Over-the-Counter Bulletin Board or other
principal market on which our Class A Common Stock is traded during the five
consecutive trading days following the date that SpeechSwitch delivers to
Cornell Capital Partners a notice requiring it to advance funds to us. Further,
Cornell Capital Partners will retain 6% of each advance under the equity line of
credit as a commitment fee and we will pay Yorkville Advisors Management a
structuring fee of five hundred dollars ($500) directly out of the gross
proceeds of each advance under the equity line of credit. The sale of the shares
under the equity line of credit is conditioned upon us registering the shares of
Class A Common Stock with the Securities and Exchange Commission. The costs
associated with this registration will be borne by us.

                                       18
<PAGE>
Pursuant to the Standby Equity Distribution Agreement, we may periodically sell
shares of Class A Common Stock to Cornell Capital Partners, L.P. to raise
capital to fund our working capital needs. The periodic sale of shares is known
as an advance. We may request an advance every five trading days. A closing will
be held four trading days after such written notice at which time we will
deliver shares of Class A Common Stock to Cornell Capital Partners and Cornell
Capital Partners will pay the advance amount. We may continue to request
advances until Cornell Capital Partners has advanced $10.0 million or two years
after the effective date of the accompanying registration statement, whichever
occurs first.

The maximum amount of each advance amount is $600,000 per advance notice. The
amount available under the equity line of credit is not dependent on the price
or volume of our Class A Common Stock. Cornell Capital Partners may not own more
than 9.9% of our outstanding common stock at any time. Because Cornell Capital
Partners can repeatedly acquire and sell shares, this limitation does not limit
the potential dilutive effect or the total number of shares that Cornell Capital
Partners may receive under the equity line of credit. However, Cornell Capital
Partners is under no obligation to purchase any shares of Class A Common Stock
unless certain conditions are met by SpeechSwitch, including having the
registration statement relating to the Standby Equity Distribution Agreement
declared effective. If SpeechSwitch cannot satisfy the requirements for Cornell
Capital Partners to purchase the Class A Common Stock under the terms of the
Standby Equity Distribution Agreement, we will not be able to obtain sufficient
capital resources to operate our business, and we have no 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 financing would have an immediate material adverse effect
on us, our financial condition and our business. Management believes that its
going-forward expenses for the next twelve months will be approximately
$500,000, which includes salaries for SpeechSwitch's officers and employees, and
assuming SpeechSwitch has no revenues in such period, SpeechSwitch expects to
incur additional liabilities of approximately $500,000. 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 Capital Partners, 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 currently has no other
significant sources of working capital or cash commitments. However, 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 $10,000. 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.

SpeechSwitch assumed from iVoice outstanding indebtedness 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 speech recognition
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

                                       19
<PAGE>
representing such obligation, 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. The Board of Directors of the
Company maintains control over the issuance of shares and may decline the
request for conversions of the repayment into shares of the Company.

For the nine months ended September 30, 2007, the Company had a net decrease in
cash of $211,807. The Company's principal sources and uses of funds were as
follows:

     CASH USED BY OPERATING ACTIVITIES. The Company used $279,392 in cash for
operating activities for the nine months ended September 30, 2007. This was
primarily the result of the cash used to fund the loss from current operating
activities offset partially by an increase in accounts payable and accrued
liabilities.

     CASH PROVIDED BY FINANCING ACTIVITIES. For the nine months ended September
30, 2007 the Company received net proceeds of $67,585 from the issuance of
common stock through the equity financing with Cornell Capital Partners as
compared to net proceeds of $128,800 for the nine months ended September 30,
2006.

There was no significant impact on the Company's operations as a result of
inflation for the nine months ended September 30, 2007.

CRITICAL ACCOUNTING POLICIES
----------------------------

The discussion and analysis of our financial condition and results of operations
are based on our financial statements, which have been prepared in accordance
with accounting principles generally accepted in the United States of America
(GAAP). The preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an on-going basis, we evaluate these estimates, including those
related to bad debts, inventory obsolescence, intangible assets, payroll tax
obligations, and litigation. We base our estimates on historical experience and
on various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying values of certain assets and liabilities. Actual results may differ
from these estimates under different assumptions or conditions.

We have identified below the accounting policies, revenue recognition and
software costs, related to what we believe are most critical to our business
operations and are discussed throughout Management's Discussion and Analysis of
Financial Condition or Plan of Operation where such policies affect our reported
and expected financial results.


                                       20
<PAGE>
REVENUE RECOGNITION

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, 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 revenues
and recognized over the respective terms of the agreements.

The Company derives its revenues from the licensing of its software product and
optional customer support (maintenance) services. Presently, 100% of the
revenues reported by the Company are derived from the licensing of the Company's
IVR software. No revenues have been derived from the sale of optional customer
support services. 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. 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 not to provide direct customers (as opposed to resellers and
dealers) the right to refund any portion of its license fees. The Company
accepts Visa and MasterCard as well as company checks.

Customers may license the Company's products through our telesales organization
and through promotions or reseller agreements with independent third parties.
SpeechSwitch only permits returns from authorized dealers and resellers of
unused inventory, subject to the consent of the Company and a twenty-five
percent restocking fee. End users who purchaser products directly from
SpeechSwitch may not return such products to SpeechSwitch under any
circumstances. Accordingly, the Company records a provision for product returns
and allowances against product revenue in the same period the revenue is
recorded. The estimates are based on historical sales returns and other known
data as well as market and economic conditions.

Our current products are not sold through retail distribution channels. Current
reseller agreements provide for a limited contractual right of return and do not
provide for future price concessions, minimum inventory commitments nor is
payment contingent upon the reseller's future sales or our products. Revenues
generated from products licensed through marketing channels where the right of
return exists, explicitly or implicitly, is reduced by reserves for estimated
product returns. Such reserves are estimates based on returns history and
current economic and market trends.

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<PAGE>
SOFTWARE COSTS

Software license costs are recorded at cost, which approximates fair market
value as of the date of purchase. These costs represent the purchase of various
exploitation rights to certain software, pre-developed codes and systems
developed by a non-related third party. These costs are capitalized pursuant to
Statement of Financial Accounting Standards ("SFAS") 86, "Accounting for the
Costs of Computer Software to be Sold, Leased or Otherwise Marketed". The
Company has adopted SFAS No. 121. The carrying value of software license costs
are regularly reviewed by the Company and a loss would be recognized if the
value of the estimated undiscounted cash flow benefit related to the asset falls
below the unamortized cost. The Company develops software for licensing to its
customers and capitalizes software development costs when technological
feasibility has been established. Software development costs not qualifying for
capitalization are expensed and classified as research and development expenses
in the statements of operations. Research and development expenses and the
capitalization rate will fluctuate from period to period depending upon the
number and status of software development projects that are in process and the
related number of people assigned to those projects.

Purchased software and capitalized software development costs are amortized
using the greater of the revenue method or the straight-line method with useful
lives ranging from three to five years. Amortization expense is classified in
costs of revenue on the statements of operations. Our products operate on or
with other third party software and operating systems. When determining the
useful life of a product we consider factors such as the current state of the
technology, operating systems on which our products run, competitive products
and the potential use of our products by the end user. Technological advances in
software operating systems and other software technologies on which our products
rely may shorten the expected life cycle of our products. We make an assessment
of the useful lives of our products at each balance sheet date. If that
assessment determines that a shortened product life has occurred, we amortize
the remaining unamortized balances over the new estimated useful life of the
product and provide disclosure regarding a change in estimate in the notes to
the financial statements pursuant to Accounting Principles Board Opinion No. 20
"Accounting Changes."

The Company evaluates the estimated net realizable value of each software
product at each balance sheet date. The estimate is based on historical and
forecasted net revenue for each product. Net revenue is the product revenue
reduced by the estimated costs of revenue and, if in development, the estimated
cost to complete the development of the product. When the net book value exceeds
the estimate of net realizable value, the Company records a write-down to net
realizable value on each product affected. Management's ability to achieve its
revenue forecast is subject to judgment, competitive pressures, market and
economic conditions and management's ability to successfully license its
products to its customers. A change in one or more of these factors may
influence management's estimates. Accordingly, currently estimated net
realizable values are subject to being reduced resulting in corresponding
charges for impairment in the future.

OFF-BALANCE SHEET ARRANGEMENTS

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

ITEM 3.   CONTROLS AND PROCEDURES
---------------------------------

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

The Company maintains a set of disclosure and 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.

                                       22
<PAGE>
Our Board of Directors was advised by Bagell, Josephs, Levine and Company, LLC,
our independent registered public accounting firm, that during their assessment
of our internal controls as part of their audit for the year ended December 31,
2006, they have identified a material weakness as defined in Public 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 as of December 31, 2006 and September 30, 2007:

     A material weakness in the Company's internal controls exists in that there
     is limited segregation of duties amongst the Company's employees with
     respect to the Company's preparation and review of the Company's financial
     statements. This material weakness is a result of the Company's limited
     number of employees. This material weakness may affect management's ability
     to effectively review and analyze elements of the financial statement
     closing process and prepare 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, since the date of the Company's separation from iVoice, Inc. our
disclosure controls and procedures have not been 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, at this time, 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. The Company intends to
remedy the material weakness by hiring additional employees and reallocating
duties, including responsibilities for financial reporting, among the Company's
employees as soon as the Company has the financial resources to do so.
Management is required to apply 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.


ITEM 3A(T). CONTROLS AND PROCEDURES.
------------------------------------

An evaluation was performed under the supervision and with the participation of
management, including the Chief Executive Officer and the Chief Financial
Officer, of the effectiveness of the design and operation of the Company's
disclosure controls and procedures as defined in Rules 13a-15(e) or
240.15d-15(e) of the Securities Exchange Act of 1934, as amended, as of
September 30, 2007. Based on that evaluation, management, including the Chief
Executive Officer and Chief Financial Officer, concluded that the Company's
disclosure controls and procedures are effective, except as to the material
weakness in internal controls disclosed in Item 3 above. There has been no
change in the internal control over financial reporting identified in connection
with the evaluation required by paragraph (d) of ss.240.13a-15 or ss.240.15d-15
of the Exchange Act that occurred during the Company's last fiscal quarter 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.

                                       23
<PAGE>
                           PART II. OTHER INFORMATION

ITEM 6.   EXHIBITS
-------   --------

          Exhibits

          31.1      Certification by Chief Executive Officer and Chief Financial
                    Officer pursuant to Rule 15d-14 under the Securities
                    Exchange Act.

          32.1      Certification by Chief Executive Officer and Chief Financial
                    Officer pursuant to 18 U.S.C. Section 1350, as adopted
                    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.








                                   SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant
caused this report on Form 10-KSB to be signed on its behalf by the undersigned,
thereunto duly authorized.



                                              SPEECHSWITCH, INC.


Date:  November 14, 2007                      By: /s/ Bruce R. Knef
                                                  ----------------------------
                                                  Bruce R. Knef
                                                  President
                                                  Chief Executive Officer and
                                                  Chief Financial Officer










                                       24
<PAGE>
                                INDEX OF EXHIBITS


     31.1   Certification by Chief Executive Officer and Chief Financial Officer
            pursuant to Rule 15d-14 under the Securities Exchange Act.


     32.1   Certification by Chief Executive Officer and Chief Financial Officer
            pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
            906 of the Sarbanes-Oxley Act of 2002.




























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