UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM 10-QSB QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
 OF 1934 FOR THE QUARTER ENDED  JUNE 30, 2007 Commission File Number 000-51817  CHINA MULTIMEDIA, INC.(Name of small business issuer in its charter) Nevada
(State or jurisdiction of incorporation or
organization)98-0507257
I.R.S. Employer Identification No.Rm 2213-14, 22nd floor
Jardine House, 1 Connaught Place
Central, Hong Kong(Address of principal executive offices) Issuers telephone number (852) 2802-8663 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 past 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes /x / No / / Check whether the issuer is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes /X/ No / / As of June 30, 2007, there were 1,000,000 shares of voting common stock, $.001 par value, of China Multimedia, Inc. issued and outstanding. Transitional Small Business Disclosure Format (check one): Yes / / No /x /    - 1 -    Table of Contents  PART I 3 ITEM 1. FINANCIAL STATEMENTS 3 ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATION 12 ITEM 3. CONTROLS AND PROCEDURES 16 PART II 17 ITEM 1. LEGAL PROCEEDINGS 17 ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS 17 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 17 ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 18 ITEM 5. OTHER INFORMATION 18 ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 18 SIGNATURES 19         - 2 -    PART I   Item 1. Financial Statements  CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)  CONDENSED FINANCIAL STATEMENTS  FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2007      Index to condensed financial statements   Page  Condensed balance sheets 4  Condensed statements of operations and comprehensive income 5  Condensed statements of cash flows 6  Notes to condensed financial statements 7 - 11  - 3 -


CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)   CONDENSED BALANCE SHEETS  AS OF JUNE 30, 2007 AND SEPTEMBER 30, 2006     As ofAs ofJune 30,September 30,20072006(Unaudited)(Audited)US$US$ASSETSCurrent assetsCash and cash equivalents9201,029Total assets9201,029LIABILITIES AND STOCKHOLDERS (DEFICIT)Current liabilitiesAccrued audit fee-3,213Amount due to a stockholder (Note 9)16,5491,063Total liabilities16,5494,276Stockholders (deficit)Common stock - US$0.001 par value (Note 6):authorized 50,000,000 shares; 1,000,000 shares issued andoutstanding1,0001,000Accumulated (deficit) during the development stage(16,668)(4,247)Accumulated other comprehensive income39-Total stockholders (deficit)(15,629)(3,247)Total liabilities and stockholders (deficit)9201,029      See accompanying notes to condensed financial statements.  - 4 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)   CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007  AND FROM INCEPTION ON AUGUST 16, 2006 THROUGH JUNE 30, 2007     For the threeFor the ninemonths endedmonths endedCumulativeJune 30,June 30,total since20072007inception(Unaudited)(Unaudited)(Unaudited)US$US$US$Revenue---ExpensesFormation expenses--778General and administrative expenses7,96912,43015,900Loss from operations(7,969)(12,430)(16,678)Interest income3910Loss before income taxes(7,966)(12,421)(16,668)Income taxes (Note 4)---Net loss(7,966)(12,421)(16,668)Other comprehensive incomeForeign currency translation adjustment133939Total comprehensive income(7,953)(12,382)(16,629)Net loss per share:Basic and diluted (Note 5)(0.00)(0.00)(0.00)Weighted average number of shares:Basic and diluted1,000,0001,000,0001,000,000      See accompanying notes to condensed financial statements.  - 5 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)   CONDENSED STATEMENTS OF CASH FLOWS  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007  AND FROM INCEPTION ON AUGUST 16, 2006 THROUGH JUNE 30, 2007     For the threeFor the ninemonths endedmonths endedCumulativeJune 30,June 30,total since20072007inception(Unaudited)(Unaudited)(Unaudited)US$US$US$Cash flows from operating activities:Net loss(7,966)(12,421)(16,668)Change in liabilities:Accrued audit fee-(3,213)-Net cash used in operating activities(7,966)(15,634)(16,668)Cash flows from financing activities:Proceeds from issuance of common stock--1,000Advance from a stockholder7,92515,48616,549Net cash provided by financing activities7,92515,48617,549Effect of rate changes on cash133939Net change in cash and cash equivalents(28)(109)920Cash and cash equivalents, beginning of period9481,029-Cash and cash equivalents, end of period920920920Cash paid for:Income taxes paid---Interest paid---      See accompanying notes to condensed financial statements.  - 6 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)   NOTES TO CONDENSED FINANCIAL STATEMENTS  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007 (UNAUDITED)     1. DESCRIPTION OF BUSINESS  China Multimedia, Inc. (the Company) was incorporated in the State of Nevada on August 16, 2006 for the purpose of exploring new business opportunities.    On December 11, 2006, the Company entered into a service agreement with DNA Financial Systems (DNAF), which is a regional solution provider for the financial and securities industry throughout the Asia Pacific Region. Pursuant to the agreement, the Company shall refer potential clients who wish to acquire the financial web portal design and hosting service provided by DNAF.  The Company has not introduced any clients to DNAF and is a development stage company during the period.   2. BASIS OF PRESENTATION  The accompanying condensed financial statements are unaudited.  These financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been omitted pursuant to such SEC rules and regulations.  Nevertheless, the Company believes that the disclosures are adequate to make the information presented not misleading.  These financial statements and the notes hereto should be read in conjunction with the financial statements and notes thereto included in the Companys Annual Report on Form 10SB12G for the period from August 16, 2006 to September, 2006 which was filed January 5, 2007.  In the opinion of the management of the Company, the condensed financial statements for the unaudited interim periods presented include all adjustments, including normal recurring adjustments, necessary to fairly present the results of such interim periods and the financial position as of the end of said period.  The results of operations for the interim period are not necessarily indicative of the results for the full year.  - 7 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)  NOTES TO CONDENSED FINANCIAL STATEMENTS  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007 (UNAUDITED)     3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Continuance of operations  These financial statements are prepared on a going concern basis, which considers the realization of assets and satisfaction of liabilities in the normal course of business.  As of June 30, 2007, the Company had cash and cash equivalents of US$920, current liabilities of US$16,549 and stockholders (deficit) of US$15,629 and accumulated (deficit) during the development stage of US$16,668 respectively.  These factors raise substantial doubt about the Companys ability to continue as a going concern.  Management plans on the continuation of the Company as a going concern include financing the Companys existing and future operations through additional issuance of common stock and/or advances from the sole stockholder and seeking for profitable business opportunities including a service agreement with DNAF.  However, the Company has no assurance with respect to these plans.  The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.  Cash and cash equivalents  Cash equivalents comprise highly liquid investments with original maturity of three months or less.  At June 30, 2007, cash and cash equivalents consist of bank balance of US$920 denominated in Hong Kong dollars (HKD).  Concentration of risk  The Company keeps cash in HKD and maintains a HKD savings account with a commercial bank in Hong Kong, which are financial instruments that are potentially subject to concentration of credit risk.  During the reporting period, the Company has not engaged in any hedging activities.  Income taxes  The Company accounts for income tax in accordance with Statement of Financial Accounting Standards No. 109, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of the events that have been included in the financial statements or tax returns.  Deferred income taxes are recognized for all significant temporary differences between tax and financial statement bases of assets and liabilities.  A valuation allowance is recognized on deferred tax assets when it is more likely than not that these deferred tax assets will not be realized.  - 8 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)  NOTES TO CONDENSED FINANCIAL STATEMENTS  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007 (UNAUDITED)     3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTD)  Foreign currency translation  The Company keeps cash and cash equivalents and incurred expenses in HKD during the reporting period and thus HKD is considered to be the functional currency.  Transactions denominated in currencies other than HKD are translated into HKD at the applicable rates of exchange prevailing at the dates of the transactions.  Monetary assets and liabilities denominated in other currencies are translated into HKD at the rates of exchange prevailing at the balance sheet date.  Exchange gains and losses are included in the determination of net income.  For financial reporting purposes, HKD has been translated into United States dollars (US$) as the reporting currency.  Assets and liabilities are translated into US$ at the exchange rate in effect at the period end.  Income and expenses are translated at average exchange rate prevailing during the period.  Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders equity as Accumulated other comprehensive income - foreign currency translation adjustments.  Conversion of amounts from Hong Kong dollars into United States dollars has been made at the exchange rate of US$1.00 = HK$7.817 for the three months ended June 30, 2007 and US$1.00 = HK$7.817 as at June 30, 2007.  Use of estimates  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in these financial statements and the accompanying notes during the reporting period.  Actual results could differ from those estimates.  Fair values of financial instruments  Financial instruments include cash and cash equivalents.  Management of the Company does not believe that the Company is subject to significant interest, currency or credit risks arising from these financial instruments.  The respective carrying values of financial instruments approximate their fair values.  Fair values were assumed to approximate carrying values since they are short-term in nature or they are receivable or payable on demand.  - 9 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)  NOTES TO CONDENSED FINANCIAL STATEMENTS  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007 (UNAUDITED)     4. INCOME TAXES  A reconciliation of income taxes at statutory rate is as follows :-  For the threeFor the ninemonths endedmonths endedCumulativeJune 30,June 30,total since20072007inception(Unaudited)(Unaudited)(Unaudited)US$US$US$Loss before income taxes(7,966)(12,421)(16,668)Expected benefit at statutory rate of 15%(1,195)(1,863)(2,500)Valuation allowance1,1951,8632,500---  Recognized deferred income tax asset is as follows: - As ofAs ofJune 30,June 30,20072006(Unaudited)(Audited)US$US$Operating losses available for future periods2,500637Valuation allowance(2,500)(637)--  At June 30, 2007, the Company has incurred operating losses of US$16,668 which, if unutilized, will expire through to 2026.  Future tax benefits arising as a result of these losses have been offset by a valuation allowance.   5. NET LOSS PER SHARE  During the reporting period, the Company did not issue any dilutive instruments.  Accordingly, the reported basic and diluted loss per share is the same.  - 10 -    CHINA MULTIMEDIA, INC.  (A DEVELOPMENT STAGE COMPANY)  NOTES TO CONDENSED FINANCIAL STATEMENTS  FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 2007 (UNAUDITED)     6. COMMON STOCK  The Company was incorporated on August 16, 2006 with authorized capital of 50,000,000 shares of common stock of US$0.001 par value.  On August 16, 2006, 1,000,000 shares of common stock of US$0.001 par value totaling US$1,000 was issued for cash.   7. STOCK INCENTIVE PLAN  The Company has not established any stock incentive plan since its incorporation.   8. COMMITMENTS AND CONTINGENCIES  The Company had no commitments or contingent liabilities as of June 30, 2007.   9. RELATED PARTY TRANSACTIONS  The sole stockholder, who is also the director, advanced US$1,063 and US$15,486 to the Company financing its working capital for the period from inception on August 16, 2006 through September 30, 2006 and for the nine months ended June 30, 2007, respectively.  The advance is interest-free, unsecured and repayable on demand.        - 11 -    Item 2. Managements Discussion and Analysis or Plan of Operation  Forward Looking Statements  Certain statements in this report include forward-looking statements that include risks and uncertainties. We use words such as anticipates, believes, plans, expects, future, intends and similar expressions to identify such forward-looking statements. This Form also contains forward-looking statements attributed to certain third parties relating to their estimates regarding the operation and growth of our business and spending. You should not place undue reliance on these forward-looking statements, which apply only as of the date hereof. We have based these forward-looking statements on our current expectations and projections about future events. Our actual results could differ materially from those discussed in this registration as we are a development stage company with no operations to date. Our ability to generate revenue is subject to substantial risks. Management's Discussion and Analysis or Plan of Operation We are a development stage company established to: 1)provide web design solutions to companies; and 2) introduce potential business opportunities to business partners. To date, the Companys only activities have consisted of developing its business plan, raising initial capital, and signing an agreement with a business partner.  CMIs Web Design Services  CMI plans to provide cost-effective web design solutions for small and medium-sized business enterprises (SMEs) throughout Hong Kong. CMIs goal is to assist potential clients with establishing or maintaining websites which allow the clients to promote their Internet presence.  Websites provide a vehicle for businesses to post information about their company onto the Internet, thereby reaching the global market. In the current market, many companies are attempting to establish an online presence without spending or committing a substantial amount of capital or time. Establishing an Internet presence is particularly challenging for SMEs. Accordingly, CMI intends to identify SMEs that may be in need of web services and provide them with a cost effective means of meeting their website design and operational needs.  CMI will focus on locating potential clients (the T-Clients) who either do not maintain any form of company website or maintain websites with outdated designs.   - 12 -   To meet the needs of T-Clients, CMI maintains a list of professional freelance web designers (the Freelance Designers) who provide CMI with a full range of website templates (the Templates) specifically designed for different business sectors. Once we have located a potential T-Client, we will attempt to provide them with an affordable website Template that is suitable to their business needs. Additionally, if the T-Clients request websites with more advanced functions than the Templates currently provide, we will introduce the T-Clients to suitable Freelance Designers to meet the T-Clients specific web design needs. All of the Freelance Designers we work with possess the relevant knowledge and necessary skill to provide such customized services.  CMI is able to provide cost-effective web design solutions to SMEs by maintaining a full range of Templates which are specific to different business sectors. CMIs prices are not cost prohibitive to SMEs because we are able to operate with a minimum amount of overhead by not employing any full time software developers or web designers. CMI acts only as a bridge between Freelance Designers and T-Clients. The Freelance Designers that we work with have authorized us to use their professional designs while we attempt to locate potential T-Clients.  CMI currently has an arrangement with its Freelance Designers whereby CMI splits the fee charged to the T-Clients. Under the fee arrangement, CMI collects 60% of the fee charged to the T-Clients and distributes the remaining 40% to the Freelance Designers. CMI determines the amount of the fee charged to the T-Clients. CMI and the Freelance Designers agreed orally on the fee arrangement, and we have not signed any written contracts with them.  CMIs Business Opportunities Program  In addition to our web design service, we will also attempt to create new business opportunities for specific companies. On December 11, 2006, CMI entered into an Agreement (the Agreement) with DNA Financial Systems (DNAF), a Hong Kong corporation founded in 2005.  DNAF is a regional solution provider for the financial industry in the Asia Pacific Region. It provides integrated solutions by offering online trading systems, Forex dealing room management systems, and corporate treasury risk management systems to banks and financial institutions. It also offers a service named Financial Web Portal Design and Hosting (FWPDH). FWPDH is a customized service targeted at stock exchange listed companies. Listed companies can add value to their websites by providing instant stock information to their stockholders. The  - 13 -   FWPDH service allows stockholders to receive instant stock price information and delayed chart information on the company website. Professional web designers of DNAF are responsible for designing a tailor-made web portal to suit clients needs.  Pursuant to the terms of the Agreement, CMI will attempt to establish new business opportunities for DNAF by identifying, locating, and introducing potential clients (the D-Clients) in need of the FWPDH service, to DNAF.  In our search for D-Clients, we will focus on the following areas: Hong Kong, Macau, Singapore, Australia, Taiwan and China (collectively referred to as the Territory). CMI plans to initially focus on the market in Hong Kong as a starting point for its business opportunities program due to the fact that management has a significant number of business connections in this area.    Pursuant to the terms of the Agreement, as compensation for CMIs efforts, CMI is entitled to 40% of the initial commission on the total contract value on the date the contract between the client and DNAF is signed for any D-Client or other business opportunity that CMI establishes for DNAF.  DNAF determines the amount of the fees charged to the D-clients.  The Company has minimal cash and has not yet earned revenue from any business operations. There is no assurance that we will achieve or sustain profitability on an annual or quarterly basis. Because the Company has been a development stage company since inception and has not generated revenues, the Company operates with minimal overhead.  The Company will need to raise additional funds, either in the form of an advance or an equity investment by the Company's President; or in the form of equity investment by outside investors, or some combination of each.  Liquidity and Capital Resources  As of June 30, 2007, the Company remains in the development stage. For the period ended June 30, 2007, the Companys balance sheet reflects current and total assets of $920 in the form of cash and cash equivalent, net current liability and stockholders (deficit) of $16,549 and accumulated (deficit) during the development stage of $16,668.  The Company does not have sufficient assets or capital resources to pay its on-going expenses while it is seeking out business opportunities. The Company has no agreement in place with its shareholder or other persons to pay expenses on its behalf, but it is currently anticipated that the Company will rely on loans from the sole shareholder, Mr. Wilson Cheung, to pay any daily operating expenses prior to any  - 14 -   fund raising exercise. The Company anticipates that this arrangement will not change until the Company is able to consummate a business transaction.  Plan of Operations in the next 12 months  The Company recorded a net loss of $7,966 for the three month period ended June 30, 2007, and a net loss of $4,247 from inception on August 16, 2006 through September 30, 2006.  As the Company has minimal cash and has not yet earned revenue from any business operations, we will rely on loans from the major shareholder, Mr. Wilson Cheung, to pay any daily operating expenses prior to any fund raising exercise.  Employees  At present, we have no full or part-time employees. CMI is currently managed by Mr. Wilson Kin Cheung, the President and Director of the Company. Mr. Cheung devotes approximately 25% of his time to our operations and we have not signed any employee agreement with Mr. Cheung. We presently do not have pension, health, annuity, insurance, stock options, profit sharing and similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any employees.  Product research and development  We are not a developer of any products we provide to our T-Clients or D-Clients, however, we act as a bridge between our clients, DNAF and the Freelance Designers. We can communicate with our clients to understand their needs and obtain their usage feedbacks on the products. DNAF and the Freelance Designers can then improve their products based on these comments and provide better services.  Description of Property  Office Facilities  We have no real property and currently operate from limited office space provided by Easterly Financial Investment Limited (Easterly), for which we pay no rent. Easterly is located at Room 2213-14, 22nd Floor, Jardine House, 1 Connaught House,  - 15 -   Central, Hong Kong. We have no plans to obtain additional office space for the next twelve months until our business is more developed.  Description of Securities  The Companys authorized capital is 50,000,000 shares of common stock with $0.001 par value. As of June 30, 2007, there were 1,000,000 common voting shares issued and outstanding.  Debt Securities to be Registered  Not applicable.  American Depository Receipts  Not applicable  Other Securities to be Registered  Not applicable.     Item 3. Controls and Procedures  The Securities and Exchange Commission defines the term disclosure controls and procedures to mean a companys controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commissions rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuers management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed,  - 16 -   summarized and reported within the time periods specified under the SECs rules and forms and that information required to be disclosed is accumulated and communicated to principal executive and principal financial officers to allow timely decisions regarding disclosure.  As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our chief executive officer and principal accounting officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our chief executive officer and principal accounting officer concluded that our disclosure controls and procedures are designed to provide reasonable assurance of achieving the objectives of timely alerting them to material information required to be included in our periodic SEC reports and of ensuring that such information is recorded, processed, summarized and reported with the time periods specified.  Our chief executive officer and principal accounting officer also concluded that our disclosure controls and procedures were effective as of June 30, 2007 to provide reasonable assurance of the achievement of these objectives.  There was no change in the Companys internal control over financial reporting during the quarter ended June 30, 2007, that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.    PART II   Item 1. Legal Proceedings  The Company knows of no material, active or pending legal proceedings against them; nor is the Company involved as a plaintiff in any material proceeding or pending litigation.   Item 2. Changes in Securities and Use of Proceeds  None   Item 3. Defaults Upon Senior Securities  None   - 17 -   Item 4. Submission of Matters to a Vote of Security Holders  None    Item 5. Other Information  None.   Item 6. Exhibits and Reports on Form 8-K  The following exhibits are filed herewith:  3.1 Articles of Incorporation (herein incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on January 4, 2007).  3.2 Bylaws (herein incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on January 4, 2007).  10.1 Contract with DNA Financial Systems signed on December 11, 2006 (herein incorporated by reference from Registration Statement on Form 10-SB filed with the Securities and Exchange Commission on January 4, 2007).  31.1 Certifications pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  31.2 Certifications pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  32.1 Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  32.2 Certifications pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.     - 18 -    SIGNATURES  In accordance with Section 12 of the Securities Exchange Act of 1934, the registrant caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.  CHINA MULTIMEDIA, INC.  By:/s/ Wilson Cheung Wilson Cheung, President and Director   Date: August 13, 2007  By: /s/ Wilson Cheung Wilson Cheung, Chief Financial Officer  Date: August 13, 2007         - 19 -