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

                                   Form 10-KSB

(Mark One)

[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                  For the fiscal year ended September 30, 2007


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

              For the transition period from _______ to ________

                      Commission File Number 33-131110 NY

                              4net Software, Inc.
                 ----------------------------------------------
                 (Name of small business issuer in its charter)

          Delaware                                     11-2831380
------------------------------                      ----------------
State or other jurisdiction of                     (I.R.S. Employer
incorporation or organization)                     Identification No.)

100 Mill Plain Road, Danbury, Connecticut                06811
-----------------------------------------              ----------
(Address of principal executive offices)               (Zip code)

                                 (203) 791-3872
                      -------------------------------------
                          (Issuer's telephone number)


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

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

Check whether the issuer is not required to file reports pursuant to
Section 13 or 15(d) of the Exchange Act      [ ]

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2)has been
subject to such filing requirements for the past 90 days.

             Yes [X]                            No [ ]

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B contained in this form, and no disclosure will be contained, to
the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

             Yes [X]                            No [ ]

The issuer's revenues for fiscal year ended September 30, 2007 were: $0.
<PAGE>
As of December 20, 2007, the aggregate market value of the voting stock held by
non-affiliates of the registrant, based upon the average bid and ask prices of
such stock on that date was $561,113. Shares of common stock held by each
officer and director and by each person who owns 10% or more of the outstanding
common stock have been excluded in that such persons may be deemed to be
affiliates. This determination of affiliate status is not necessarily conclusive
and does not constitute an admission of affiliate status.


As of December 20, 2007, there were issued and outstanding 8,961,017 shares of
the registrant's common stock, par value $.00001 per share.


Transitional Small Business Disclosure Format (check one) Yes [ ]   No [X]















                                       2
<PAGE>
                          RIDGEFIELD ACQUISITION CORP.
                                   FORM 10-KSB


                                Table of Contents
                                                                      Page

PART I

ITEM 1. DESCRIPTION OF BUSINESS.                                        4

         Employees.                                                     5

         Risk Factors Affecting Operating Results and
         Market Price of Stock.                                         5

ITEM 2. DESCRIPTION OF PROPERTY.                                       10

ITEM 3. LEGAL PROCEEDINGS.                                             10

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.           10

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.      10

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.     12

ITEM 7. FINANCIAL STATEMENTS.                                          14

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
        ACCOUNTING AND FINANCIAL DISCLOSURE.                           14

ITEM 8A. CONTROLS AND PROCEDURES.                                      14

ITEM 8B. OTHER INFORMATION.                                            14

PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS
        AND CORPORAE GOVERNANCE; COMPLIANCE WITH SECTION 16(A)
        OF THE EXCHANGE ACT.                                           14

ITEM 10. EXECUTIVE COMPENSATION.                                       16

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
         MANAGEMENT AND RELATED STOCKHOLDER MATTERS.                   18

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND
         DIRECTOR INDEPENDENCE.                                        18

ITEM 13. EXHIBITS.                                                     19

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.                       21

SIGNATURES.                                                            21

                                       3
<PAGE>
                                     PART I

        This report on Form 10-KSB contains, in addition to historical
information, forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 ("Securities Act") and Section 21E of the Securities
Exchange Act of 1934 ("Exchange Act"). You can identify these forward-looking
statements when you see words such as "expect," "anticipate," "estimate," "may,"
"believe," and other similar expressions. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could differ
materially from those projected in the forward-looking statements. Factors that
could cause such a difference include, but are not limited to, those discussed
in the section entitled "Factors Affecting Operating Results and Market Price of
Stock," below. Readers are cautioned not to place undo reliance on these
forward-looking statements, which speak only as of the date hereof. We undertake
no obligation to publicly update any forward-looking statements for any reason
even if new information becomes available or other events occur in the future.

ITEM 1.    DESCRIPTION OF BUSINESS.

Background

        4net Software, Inc. (the "Company" or "4net Software") is a Delaware
corporation that was incorporated in 1986 under the name Medtech Diagnostics,
Inc. The Company ceased all operations in 1991. Currently, the Company is
seeking to acquire or merge with an undervalued businesses with a history of
operating revenues in markets that provide room for growth ("Acquisition
Strategy"). 4net Software is engaged in identifying, investigating and, if
investigation warrants, acquiring companies that will enhance 4net Software's
revenues and increase shareholder value.

        4net Software's Acquisition Strategy seeks to generate revenue by
acquiring undervalued businesses with a history of operating revenues. The
Company utilizes several criteria to evaluate prospective acquisitions including
whether the business to be acquired (1) is an established business with viable
services or products, (2) has an experienced and qualified management team, (3)
has room for growth and/or expansion into other markets, (4) is accretive to
earnings, (5) offers the opportunity to achieve and/or enhance profitability,
and (6) increases shareholder value.

       In some cases, management of the Company will have the authority to
effect acquisitions without submitting the proposal to the stockholders for
their consideration. In some instances, however, the proposed participation in a
business opportunity may be submitted to the stockholders for their
consideration, either voluntarily by the Board of Directors to seek the
stockholders' advice and consent, or because of a requirement of applicable law
to do so.


Competition of 4net Software's Acquisition Strategy

        In connection with its Acquisition Strategy, the Company expects to
encounter intense competition from other entities having business objectives
similar to those of the Company. Many of these entities, including venture
capital firms, blind pool companies, large industrial and financial
institutions, small business investment companies and wealthy individuals, are
well-established and have extensive experience in connection with identifying
and effecting acquisitions directly or through affiliates. Many of these
competitors possess greater financial, technical, human and other resources than
the Company and there can be no assurance that the Company will have the ability
to compete successfully with such entities. The Company's financial resources
will be limited in comparison to those of many of its competitors. The Company's
limited financial resources may compel the Company to select certain less
attractive acquisition prospects.

                                        4
<PAGE>
        Management believes that the future of the Company is dependent upon its
ability to consummate a merger, acquisition or other business combination with a
viable operating entity. There can be no assurance that the Company will be able
to do so. Additionally, management believes that the Company may need to raise
additional funds through equity or debt financing to complete a merger,
acquisition or other business combination and there can be no assurance that the
Company will be able to do so.


Employees

         As of December 20, 2007, the Company had 1 employee, Steven N. Bronson,
who serves as the Company's President. Effective October 1, 2002, Mr. Bronson
agreed to waive payment of his salary. The Company does not have any employees
that are represented by a union or other collective bargaining group.


Factors Affecting Operating Results and Market Price of Stock

        You should carefully consider the risks described below before making an
investment decision concerning the common stock of the Company. The risks and
uncertainties described below are not the only ones we face. If any of the
following risks actually occur, our business, financial condition or results of
operations could be materially and adversely affected. In that case, the trading
price of our common stock could decline, and you may lose all or part of your
investment.


The Company Has Limited Resources

       The Company has limited resources. For the fiscal years ended September
30, 2007 and 2006 the Company has had no revenues from operations. For the
fiscal years ended September 30, 2007 and 2006, the Company has had net losses
of $18,120 and $27,100, respectively. Other than nominal interest income the
Company will only derive revenues through the acquisition of a target company.
There can be no assurance that any target company, at the time of the Company's
consummation of an acquisition of the target, or at any time thereafter, will
derive any material revenues from its operations or operate on a profitable
basis. The current revenues of the Company will not be sufficient to fund
further acquisitions. Based on the Company's limited resources, the Company may
not be able to effectuate its business plan and consummate any future
acquisitions. There can be no assurance that the Company will have sufficient
financial resources to permit the Company to achieve its business objectives.


The Company May Not be Able to Continue as Going Concern

        Based on the Company's limited operations, revenues and assets there can
be no assurance that the Company will be able to continue as a going concern or
complete a merger, acquisition or other business combination.


The Company Will Need Additional Financing in Order to Execute Its Business Plan

        The Company has had no earnings to date and will be entirely dependent
upon its limited available financial resources to implement its Acquisition
Strategy. The Company cannot ascertain with any degree of certainty the capital
requirements for the successful execution of its Acquisition Strategy. In the
event that the Company's limited financial resources prove to be insufficient to
implement its Acquisition Strategy, the Company will be required to seek
additional financing. In addition, in the event of the consummation of an
acquisition, the Company may require additional financing to fund the operations
or growth of the target.

                                        5
<PAGE>
Additional Financing May Not Be Available to the Company

        There can be no assurance that additional financing will be available on
acceptable terms, or at all. To the extent that additional financing proves to
be unavailable when needed, the Company would, in all likelihood, be compelled
to abandon plans of further acquisitions, and would have minimal capital
remaining to pursue other targets. The inability of the Company to secure
additional financing, if needed, could also have a material adverse effect on
the continued development or growth of 4net Software. The Company has no
arrangements with any bank or financial institution to secure additional
financing and there can be no assurance that any such arrangement, if required
or otherwise sought, would be available on terms deemed to be commercially
acceptable and in the best interests of the Company.


The Company May Not Be Able to Borrow Funds

       While there currently are no limitations on the Company's ability to
borrow funds, the limited resources of the Company and limited operating history
will make it difficult to borrow funds. The amount and nature of any borrowings
by the Company will depend on numerous considerations, including the Company's
capital requirements, the Company's perceived ability to meet debt service on
any such borrowings and the then prevailing conditions in the financial markets,
as well as general economic conditions. There can be no assurance that debt
financing, if required or sought, would be available on terms deemed to be
commercially acceptable by and in the best interests of the Company. The
inability of the Company to borrow funds required to effect or facilitate an
Acquisition, or to provide funds for 4net Software, may have a material adverse
effect on the Company's financial condition and future prospects. Additionally,
to the extent that debt financing ultimately proves to be available, any
borrowings may subject the Company to various risks traditionally associated
with indebtedness, including the risks of interest rate fluctuations and
insufficiency of cash flow to pay principal and interest. Furthermore, a target
may have already incurred borrowings and, therefore, the Company will be
subjected to all the risks inherent thereto.


Competition for Acquisitions

        The Company expects to encounter intense competition from other entities
having business objectives similar to those of the Company. Many of these
entities, including venture capital firms, partnerships and corporations, blind
pool companies, large industrial and financial institutions, small business
investment companies and wealthy individuals, are well-established and have
extensive experience in connection with identifying and effecting acquisitions
directly or through affiliates. Many of these competitors possess greater
financial, technical, human and other resources than the Company and there can
be no assurance that the Company will have the ability to compete successfully.
The Company's financial resources will be limited in comparison to those of many
of its competitors. This inherent competitive limitation may compel the Company
to select certain less attractive acquisition prospects. There can be no
assurance that such prospects will permit the Company to achieve its stated
business objectives.


The Company May Be Subject to Uncertainty
in the Competitive Environment of a Target

        In the event that the Company succeeds in completing an Acquisition, the
Company will, in all likelihood, become subject to intense competition from
competitors of the target. In particular, certain industries which experience
rapid growth frequently attract an increasingly large number of competitors,
including competitors with greater financial, marketing, technical, human and
other resources than the initial competitors in the industry. The degree of
competition characterizing the industry of any prospective target cannot
presently be ascertained. There can be no assurance that, subsequent to a
consummation of an acquisition, the Company will have the resources to compete
effectively in the industry of the target, especially to the extent that the
target is in a high growth industry.

                                       6
<PAGE>
The Company May Pursue an Acquisition With a Target Operating Outside the United
States: Special Additional Risks Relating to Doing Business in a Foreign Country

        The Company may effectuate an acquisition with a target whose business
operations or even headquarters, place of formation or primary place of business
are located outside the United States. In such event, the Company may face the
significant additional risks associated with doing business in that country. In
addition to the language barriers, different presentations of financial
information, different business practices, and other cultural differences and
barriers that may make it difficult to evaluate such a target, ongoing business
risks may result from the internal political situation, uncertain legal systems
and applications of law, prejudice against foreigners, corrupt practices,
uncertain economic policies and potential political and economic instability
that may be exacerbated in various foreign countries.


Steven N. Bronson is Critical to the Future Success of the Company

        Steven N. Bronson is the Chairman, C.E.O. and President of the Company.
The ability of the Company to successfully carry out its business plan and to
consummate additional acquisitions will be dependent upon the efforts of Mr.
Bronson and the Company's directors. Notwithstanding the significance of Mr.
Bronson, the Company has not obtained any "key man" life insurance on his life.
The loss of the services of Mr. Bronson would have a material adverse effect on
the Company's ability to successfully achieve its business objectives. If
additional personnel are required, there can be no assurance that the Company
will be able to retain such necessary additional personnel.


Mr. Bronson Has Effective Control of the Company's Affairs

        As of December 20, 2007, Mr. Bronson beneficially owned 5,560,210 shares
of the Company's common stock. Mr. Bronson's beneficial ownership represents
approximately 62% of the issued and outstanding shares of common stock of the
Company. Accordingly, Mr. Bronson has effective control of the Company. In the
election of directors, stockholders are not entitled to cumulate their votes for
nominees. Accordingly, as a practical matter, Mr. Bronson may be able to elect
all of the Company's directors and otherwise direct the affairs of the Company.


There Exist Conflicts of Interest Relating to
Mr. Bronson's Time Commitment to the Company

        Mr. Bronson is not required to commit his full time to the affairs of
the Company. Mr. Bronson will have conflicts of interest in allocating
management time among various business activities. As a result, the consummation
of an acquisition may require a greater period of time than if Mr. Bronson
devoted his full time to the Company's affairs. However, Mr. Bronson will devote
such time as he deems reasonably necessary to carry out the business and affairs
of the Company, including the evaluation of potential targets and the
negotiation and consummation of acquisitions and, as a result, the amount of
time devoted to the business and affairs of the Company may vary significantly
depending upon, among other things, whether the Company has identified a target
or is engaged in active negotiation and consummation of an acquisition.


                                       7
<PAGE>
There Exist Risks to Stockholders Relating to Dilution:
Authorization of Additional Securities and Reduction of
Percentage Share Ownership Following Merger

       The Company's Certificate of Incorporation authorizes the issuance of
100,000,000 shares of common stock. As of December 12, 2006 the Company had
8,961,017 shares of common stock issued and outstanding and 91,038,983
authorized but unissued shares of common stock available for issuance.
Additionally, The Company has authorized for issuance 5,000,000 shares of
preferred stock, none of which are issued and outstanding. Although the Company
has no commitments as of this date to issue its securities, the Company will, in
all likelihood, issue a substantial number of additional shares in connection
with or following an Acquisition. To the extent that additional shares of common
stock are issued, the Company's stockholders would experience dilution of their
ownership interests in the Company. Additionally, if the Company issues a
substantial number of shares of common stock in connection with or following an
Acquisition, a change in control of the Company may occur which may affect,
among other things, the Company's ability to utilize net operating loss carry
forwards, if any. Furthermore, the issuance of a substantial number of shares of
common stock may adversely affect prevailing market prices, if any, for the
common stock and could impair the Company's ability to raise additional capital
through the sale of its equity securities. The Company may use consultants and
other third parties providing goods and services. These consultants or third
parties may be paid in cash, stock, options or other securities of the Company.
The Company may in the future need to raise additional funds by selling
securities of the Company which may involve substantial additional dilution to
the investors.


The Uncertain Structure of an Acquisition May Result
in Risks Relating to the Market for the Company's Common Stock

       The Company may form one or more subsidiary entities to effect an
acquisition and may, under certain circumstances, distribute the securities of
subsidiaries to the stockholders of the Company. There cannot be any assurance
that a market would develop for the securities of any subsidiary distributed to
stockholders or, if it did, any assurance as to the prices at which such
securities might trade.


The Company Expects to Pay No Cash Dividends

        The Company does not expect to pay dividends to the holders of common
stock. The payment of dividends, if any, will be contingent upon the Company's
revenues and earnings, if any, capital requirements, and general financial
condition. The payment of any dividends will be within the discretion of the
Company's then Board of Directors. The Company presently intends to retain all
earnings, if any, to implement its business plan, accordingly, the Board of
Directors does not anticipate declaring any dividends to the holders of common
stock in the foreseeable future.


Indemnification of Officers and Directors

       The Company's Certificate of Incorporation provides for the
indemnification of its officers and directors to the fullest extent permitted by
the laws of the State of Delaware. It is possible that the indemnification
obligations imposed under these provisions could result in a charge against the
Company's earnings and thereby affect the availability of funds for other uses
by the Company.


                                        8
<PAGE>
Taxation Considerations May Impact the Structure
of an Acquisition and Post-merger Liabilities

        Federal and state tax consequences will, in all likelihood, be major
considerations for the Company in consummating an acquisition. The structure of
an acquisition or the distribution of securities to stockholders may result in
taxation of the Company, the target or stockholders. Typically, these
transactions may be structured to result in tax-free treatment to both
companies, pursuant to various federal and state tax provisions. The Company
intends to structure any acquisition so as to minimize the federal and state tax
consequences to both the Company and the target. Management cannot assure that
an acquisition will meet the statutory requirements for a tax-free
reorganization, or that the parties will obtain the intended tax-free treatment
upon a transfer of stock or assets. A non-qualifying reorganization could result
in the imposition of both federal and state taxes, which may have an adverse
effect on both parties to the transaction.


The Company May Be Deemed an Investment Company
and Subjected to Related Restrictions

        The regulatory scope of the Investment Company Act of 1940, as amended
(the "Investment Company Act"), which was enacted principally for the purpose of
regulating vehicles for pooled investments in securities, extends generally to
companies engaged primarily in the business of investing, reinvesting, owning,
holding or trading in securities. The Investment Company Act may, however, also
be deemed to be applicable to a company which does not intend to be
characterized as an investment company but which, nevertheless, engages in
activities which may be deemed to be within the definitional scope of certain
provisions of the Investment Company Act. The Company believes that its
anticipated principal activities, which will involve acquiring control of an
operating company, will not subject the Company to regulation under the
Investment Company Act. Nevertheless, there can be no assurance that the Company
will not be deemed to be an investment company. If the Company is deemed to be
an investment company, the Company may become subject to certain restrictions
relating to the Company's activities, including restrictions on the nature of
its investments and the issuance of securities. In addition, the Investment
Company Act imposes certain requirements on companies deemed to be within its
regulatory scope, including registration as an investment company, adoption of a
specific form of corporate structure and compliance with certain burdensome
reporting, record keeping, voting, proxy, disclosure and other rules and
regulations. In the event of the characterization of the Company as an
investment company, the inability of the Company to satisfy such regulatory
requirements, whether on a timely basis or at all, would, under certain
circumstances, have a material adverse effect on the Company.


You Should Not Rely on Forward-Looking Statements
Because They Are Inherently Uncertain

       This document contains certain forward looking statements that involve
risks and uncertainties. We use words such as "anticipate," "believe," "expect,"
"future," "intend," "plan," and similar expressions to identify forward-looking
statements. These statements are only predictions. Although we believe that the
expectations reflected in these forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. You should not place undue reliance on these forward-looking
statements, which apply only as of the date of this document. Our actual results
could differ materially from those anticipated in these forward-looking
statements for many reasons, including the risks faced by us as described on the
preceding pages and elsewhere in this document.

        We believe it is important to communicate our expectations to our
investors. However, there may be events in the future that we are not able to
predict accurately or over which we have no control. The risk factors listed
above, as well as any cautionary language in this document, provide examples of
risks, uncertainties and events that may cause our actual results to differ
materially from the expectations we describe in our forward-looking statements.
Before you invest in our common stock, you should be aware that the occurrence
of the events described in these risk factors and elsewhere in this document
could have a material adverse effect on our business, operating results,
financial condition and stock price.


                                        9
<PAGE>
ITEM 2.    DESCRIPTION OF PROPERTY.


        4net Software's offices are located at 100 Mill Plain Road, Danbury,
Connecticut 06811. The Company is using a portion of the premises occupied
by Catalyst Financial LLC, a full service brokerage, investment banking and
consulting firm, located at 100 Mill Plain Road, Danbury, Connecticut 06811.
Steven N. Bronson, the President of the Company, is the principal and owner
of Catalyst Financial LLC. Catalyst Financial LLC has agreed to waive the
payment of any rent by the Company for use of the offices.


ITEM 3.    LEGAL PROCEEDINGS.

        The Company is not currently a party to any legal proceedings.


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

       During the fiscal year ended September 30, 2007, no matters were
submitted to a vote of security holders.


                                     PART II

ITEM 5.    MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

        The Company's common stock, par value $.00001 per share, is traded in
the NASDAQ's Over-the-Counter Bulletin Board under the symbol "FNSI."

        The following table sets forth the range of high and low prices for the
Company's common stock as quoted by Yahoo! Finance (finance.yahoo.com) for the
periods indicated. These prices represent reported transactions that do not
include retail markups, markdowns or commissions, and may not necessarily
represent actual transactions.

                                                             Bid Price
                                                        ----------------------
Fiscal Years                                              Low           High
                                                        --------      --------

      2007:   1st Quarter, through December 31, 2006      $.15           $.20
              2nd Quarter, through March 31, 2007         $.13           $.18
              3rd Quarter, through June 30, 2007          $.12           $.18
              4th Quarter, through September 30, 2007     $.12           $.18


      2006:   1st Quarter, through December 31, 2005     $.21            $.30
              2nd Quarter, through March 31, 2006        $.21            $.35
              3rd Quarter, through June 30, 2006         $.25            $.30
              4th Quarter, through September 30, 2006    $.20            $.25



        On December 20, 2007, the reported closing bid and ask prices on the
Company's common stock were $.16 and $.25, respectively.


Holders

        As of December 20, 2007, the Company's common stock was held by
approximately 120 record holders, who the Company believes hold common stock for
approximately 2,200 beneficial holders.


                                        10
<PAGE>
Dividends

       The Company has never paid any cash dividends on its common stock and
does not anticipate paying any cash dividends in the foreseeable future.


Recent Sales of Unregistered Securities

        The Company did not sell any unregistered securities during the fiscal
year ended September 30, 2007.


Section 15(g) of the Exchange Act

       The Company's shares are covered by Section 15(g) of the Securities
Exchange Act of 1934, as amended, and Rules 15g-1 through 15g-6 promulgated
thereunder, which impose additional sales practice requirements on
broker-dealers who sell our securities to persons other than established
customers and accredited investors.

        Rule 15g-2 declares unlawful any broker-dealer transactions in
pennystocks unless the broker-dealer has first provided to the customer a
standardized disclosure document.

        Rule 15g-3 provides that it is unlawful for a broker-dealer to engage in
a penny stock transaction unless the broker-dealer first discloses and
subsequently confirms to the customer the current quotation prices or similar
market information concerning the penny stock in question.

        Rule 15g-4 prohibits broker-dealers from completing penny stock
transactions for a customer unless the broker-dealer first discloses to the
customer the amount of compensation or other remuneration received as a result
of the penny stock transaction.

        Rule 15g-5 requires that a broker-dealer executing a penny stock
transaction, other than one exempt under Rule 15g-1, disclose to its customer,
at the time of or prior to the transaction, information about the sales person's
compensation.

        The Company's common stock may be subject to the foregoing rules. The
application of the penny stock rules may affect our stockholder's ability to
sell their shares because some broker-dealers may not be willing to make a
market in our common stock because of the burdens imposed upon them by the penny
stock rules.

                                       11
<PAGE>
ITEM 6.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

       The following discussion and analysis provides information which the
Company's management believes to be relevant to an assessment and understanding
of the Company's results of operations and financial condition. This discussion
should be read together with the Company's financial statements and the notes to
financial statements, which are included in this report.


4net Software's Acquisition Strategy

      The Company is pursuing an Acquisition Strategy, whereby 4net Software
will seek to acquire undervalued businesses with a history of operating revenues
in markets that provide room for growth. 4net Software is currently primarily
engaged in identifying, investigating and, if investigation warrants, acquiring
companies that will enhance 4net Software's revenues and increase shareholder
value. 4net Software's Acquisition Strategy is focused on pursuing a strategy of
growth by acquiring undervalued businesses with a history of operating revenues.
The Company utilizes several criteria to evaluate prospective acquisitions
including whether the business to be acquired (1) is an established business
with viable services or products, (2) has an experienced and qualified
management team, (3) has room for growth and/or expansion into other markets,
(4) is accretive to earnings, (5) offers the opportunity to achieve and/or
enhance profitability, and (6) increases shareholder value.


       In some cases, management of the Company will have the authority to
effect acquisitions without submitting the proposal to the stockholders for
their consideration. In some instances, however, the proposed participation in a
business opportunity may be submitted to the stockholders for their
consideration, either voluntarily by the Board of Directors to seek the
stockholders' advice and consent, or because of a requirement of applicable law
to do so.


Competition of 4net Software's Acquisition Strategy

        In connection with its Acquisition Strategy, the Company expects to
encounter intense competition from other entities having business objectives
similar to those of the Company. Many of these entities, including venture
capital firms, blind pool companies, large industrial and financial
institutions, small business investment companies and wealthy individuals, are
well-established and have extensive experience in connection with identifying
and effecting acquisitions directly or through affiliates. Many of these
competitors possess greater financial, technical, human and other resources than
the Company and there can be no assurance that the Company will have the ability
to compete successfully with such entities. The Company's financial resources
will be limited in comparison to those of many of its competitors. The Company's
limited financial resources may compel the Company to select certain less
attractive acquisition prospects.

                                       12
<PAGE>
Results of Operations

        During the years ended September 30, 2007 ("Fiscal 2007") and September
30, 2006 ("Fiscal 2006"), the Company did not generate any revenues from
operations. During the years ended September 30, 2007 and 2006 the Company did
earn interest income of $156 and $651, respectively.

        During Fiscal 2007, the Company incurred operating expenses of $18,276
compared to operating expenses of $27,751 for Fiscal 2006, a decrease of
$9,475.

        For Fiscal 2007, the Company incurred a net loss of $18,120 compared to
a net loss of $27,100 for Fiscal 2006, a decrease of $8,980.


Liquidity and Capital Resources

        During Fiscal 2007, the Company satisfied its working capital needs from
cash on hand at the beginning of the year. As of September 30, 2007, the Company
had working capital of $887. While this working capital will satisfy the
Company's immediate financial needs, it may not be sufficient to provide the
Company with sufficient capital to maintain the business of 4net Software and to
finance additional acquisitions for the Company. The Company will need
additional funds in order to finance additional acquisitions for the Company.
There can be no assurances that the Company will be able to obtain additional
funds if and when needed.


Current Operations of 4net Software

       4net Software is primarily engaged in identifying, investigating and, if
investigation warrants, acquiring companies that will enhance 4net Software's
revenues and increase shareholder value. 4net Software's Acquisition Strategy is
focused on pursuing a strategy of growth by acquiring undervalued businesses
with a history of operating revenues and net earnings. The Company utilizes
several criteria to evaluate prospective acquisitions including whether the
business to be acquired (1) is an established business with viable services or
products, (2) has an experienced and qualified management team, (3) has room for
growth and/or expansion into other markets, (4) is accretive to earnings, (5)
offers the opportunity to achieve and/or enhance profitability, and (6)
increases shareholder value.

        Management believes that the successful implementation of the Company's
Acquisition Strategy will allow 4net Software to increase revenues and earnings
and achieve profitability. However, there can be no assurances that 4net
Software will successfully complete any additional acquisitions or that 4net
Software will achieve profitability.


ITEM 7.    FINANCIAL STATEMENTS.

        The financial statements and related notes are included as part of this
report as indexed in the appendix on page F-1 through F-10.


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

        Not applicable.

                                       13
<PAGE>
Item 8A. CONTROLS AND PROCEDURES

          Disclosure controls and procedures are controls and other procedures
that are designed to ensure that information required to be disclosed by us in
the reports that we file or submit under the Exchange Act 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 us in the reports that we
file under the Exchange Act is accumulated and communicated to our management,
including our principal executive and financial officer, as appropriate to allow
timely decisions regarding required disclosure.

           Evaluation of disclosure and controls and procedures.
           -----------------------------------------------------

           Based on their evaluation of the Company's disclosure controls and
procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934) as of the end of the period covered by this annual report
on Form 10-KSB the Company's chief executive officer has concluded that the
Company's disclosure controls and procedures are designed to ensure that
information required to be disclosed by the Company in the reports that it files
or submits under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms and are
operating in an effective manner.

           Changes in internal controls over financial reporting.
           ------------------------------------------------------

           There were no changes in the Company's internal controls over
financial reporting or in other factors that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over
financial reporting.


Item 8B. OTHER INFORMATION


         Effective December 1, 2007, the business of Atlas Stock Transfer
Corporation was sold and transferred to Standard Registrar & Transfer Company,
Inc. 12528 South 1840 East, Draper, Utah 84020 [Telephone number (801)266-7151].
Accordingly, effective December 1, 2007, 4net Softare's transfer agent is
Standard Registrar & Transfer Company, Inc.



                                    PART III

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

        The following table sets forth the name, age and position of each of our
directors, executive officers and significant employees for the fiscal year
ended September 30, 2007. Except as noted below each director will hold office
until the next annual meeting of our stockholders or until his or her successor
has been elected and qualified. Our executive officers are appointed by, and
serve at the discretion of, the Board of Directors.

Name                         Age           Position
------------------           ---           --------------------
Steven N. Bronson            42            Chairman, Chief Executive Officer
                                           and President
Leonard Hagan                55            Director
Alan Rosenberg               38            Director

----------

                                       14
<PAGE>
        Steven N. Bronson has served as a director of the Company since June
1996. From September 1998 to August 11, 2000, Mr. Bronson was the sole officer
of the Company. From September 1998 to March 17, 2000, Mr. Bronson was also the
sole director of the Company. In September 1996, Mr. Bronson became the Chief
Executive Officer and President of the Company. Mr. Bronson is also the
President of Catalyst Financial LLC, a privately held full service securities
brokerage and investment banking firm. Mr. Bronson has held that position since
September 24, 1998. During the period of 1991 through September 23, 1998, Mr.
Bronson was President of Barber & Bronson Incorporated, a full service
securities brokerage and investment banking firm. Mr. Bronson acts as the
manager of the Catalyst Fund, L.P., a Delaware limited partnership, that is
a privately held hedge fund. In addition, Mr. Bronson is an officer and
director of Ridgefield Acquisition Corp., a publicly traded corporation.

      Leonard Hagan has served as a director of the Company since March 17,
2000. Mr. Hagan is a certified public accountant and for the past fifteen years
has been a partner at Hagan & Burns CPA's, PC in New York. Mr. Hagan received a
Bachelors of Arts degree in Economics from Ithaca College in 1974, and earned
his Masters of Business Administration degree from Cornell University in 1976.
Mr. Hagan is registered as the Financial and Operations Principal for the
following broker-dealers registered with the Securities and Exchange Commission:
Mallory Capital Group, LLC, Avalon Partners, Inc., K & Z Partners LLC, Blaylock
& Company, Inc. Fieldstone Services Corp. and Danske Securities (US), Inc.
Mr. Hagan is also a director of Ridgefield Acquisition Corp., a publicly
traded corporation.

      Alan Rosenberg has served as a director of the Company since March 17,
2000. Mr. Rosenberg served as the Chief Information Officer for the City of New
York's Department of Small Business Services. Prior to that, he was a Director
in the Office of the CIO for the Department of Information Technology and
Telecommunications for the City of New York. He also served as the Deputy
Director of Management Information Systems (MIS) for the City of New York,
Office of the Mayor. Mr. Rosenberg is a graduate from Polytechnic University
with a MS in the Management of Technology and holds a BA from The Ohio State
University .

      No director, executive officer, promoter or control person of the Company
has, within the last five years: (i) had a bankruptcy petition filed by or
against any business of which such person was a general partner or executive
officer either at the time of the bankruptcy or within two years prior to that
time; (ii) been convicted in a criminal proceeding or is currently subject to a
pending criminal proceeding (excluding traffic violations or similar
misdemeanors); (iii) been subject to any order, judgment or decree, not
subsequently reversed, suspended or vacated, of any court of competent
jurisdiction, permanently or temporarily enjoining, barring, suspending or
otherwise limiting his involvement in any type of business, securities or
banking activities; (iv) been found by a court of competent jurisdiction (in a
civil action), the Securities and Exchange Commission (the "Commission") or the
Commodity Futures Trading Commission to have violated a federal or state
securities or commodities law, and the judgment has not been reversed, suspended
or vacated. There are no family relationships among any directors and executive
officers of the Company.


Committees of the Board of Directors

        During Fiscal 2007, the Board of Directors took action once and held no
meetings. The Board of Directors has a standing Audit Committee. During
Fiscal 2007, all of the directors then in office attended 100% of the total
number of meetings of the Board of Directors and the Committees of the Board of
Directors on which they served.


                                       15
<PAGE>
Audit Committee

        The functions of the Audit Committee are to recommend to the Board of
Directors the appointment of independent auditors for the Company and to analyze
the reports and recommendations of such auditors. The committee also monitors
the adequacy and effectiveness of the Company's financial controls and reporting
procedures. During Fiscal 2007, the Audit Committee consisted of Messrs. Bronson
and Hagan. The Audit Committee does not meet on a regular basis, but only as
circumstances require. The Company has not designated any member of its Audit
Committee as a Financial Expert.


Advisory Board

        The Company's Board of Directors has approved the formation of an
Advisory Board to assist the Company in developing and marketing its products
and services as well as to assist the Company in identifying and qualifying
potential acquisition targets. Management of the Company has been authorized and
has attempted to recruit qualified individuals to provide guidance and vision to
the Company as part of its Advisory Board.


Code of Ethics

         The Board of Directors of the Company adopted a Code of Ethics for the
Company. A copy of the Code of Ethics was attached as Exhibit 14 to the Form
10-KSB for Year ended September 30, 2004 and is incorporated herein by
reference.


Section 16(a) Beneficial Ownership Compliance

        Section 16(a) of the Exchange Act requires the Company's directors and
executive officers, and persons who own more than 10% of a registered class of
the Company's equity securities, to file with the SEC initial reports of
ownership and reports of changes in ownership of common stock and other equity
securities of the Company. Officers, directors and greater than 10% stockholders
are required by SEC regulations to furnish the Company with copies of all
Section 16(a) forms they file.

        To the Company's knowledge, based solely upon a review of the copies of
such reports furnished to the Company and written representations that no other
reports were required, during the fiscal year ended September 30, 2007, all
Section 16(a) filing requirements applicable to its officers, directors and
greater than 10% beneficial owners were complied with.


ITEM 10.   EXECUTIVE COMPENSATION.

Summary Compensation Table

        The following summary compensation table sets forth information
concerning the annual and long-term compensation earned by our chief executive
officer and each of the other most highly compensated executive officers
(collectively, the "Named Executive Officers").

<TABLE>
<CAPTION>                                                Securities
                                       Fiscal                                Underlying   All Other
Name and Principal Position             Year        Salary(1)     Bonus      Options (2)  Comp.
---------------------------------      ------       ---------     -----      -----------  ---------
<S>                                    <C>           <C>          <C>        <C>          <C>
Steven N. Bronson                       2007           $0           0             0          0
           CEO and President(3)         2006           $0           0             0          0
                                        2005           $0           0             0          0
</TABLE>
-------------------

(1) This table contains the actual salary that was paid to the executive for the
relevant fiscal year.

                                       16
<PAGE>
(2) We have no long-term incentive compensation plan for our executive officers
and employees other than the 2000 Stock Incentive Plan. We did not award stock
appreciation rights or long term incentive plan pay-outs.

(3) In September 2002, the Company entered into an agreement with Steven N.
Bronson, the president of the Company, that effective October 1, 2002, Mr.
Bronson Will waive and not receive a salary from the Company.


Options Granted to Employees in Fiscal 2007

        No stock options were granted to employees during fiscal year ended
September 30, 2007.


Aggregate Option Exercises in Fiscal 2007 and Fiscal Year End Option Values

        The following table contains certain information regarding stock options
exercised during and options to purchase common stock held as of September 30,
2007, by each of the Named Executive Officers. The stock options listed below
were granted without tandem stock appreciation rights. We have no freestanding
stock appreciation rights outstanding.

<TABLE>
<CAPTION>
                         Number                       Number of Securities          Value of Unexercised
                        Of Shares                    Underlying Unexercised         In-the-Money Options
Name/                   Acquired        Value       Options at Fiscal Year End       at Fiscal Year End
Position               On Exercise     Realized       Exercised/Unexercised         Exercised/Unexercised
------------------     -----------     --------     --------------------------    -------------------------
<S>                    <C>             <C>          <C>                           <C>
Steven N. Bronson
    Chairman, CEO
     and President          0             0                     0                            $0
Alan Rosenberg
    Director                0             0                     0                            $0
Leonard Hagan
    Director                0             0                     0                            $0
</TABLE>
-------------------


Compensation of Directors

     In the fiscal year ended September 30, 2007, the Company paid no
compensation to the directors of the Company for their services as directors of
4net Software.


Employment Contracts

    At present, the Company has no employment agreement with its President
Steven N. Bronson.

                                       17
<PAGE>
ITEM 11.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
           AND RELATED STOCKHOLDER MATTERS

       The following table sets forth as of December 20, 2007, certain
information regarding the beneficial ownership of the common stock outstanding
by (i) each person who is known to the Company to own 5% or more of the common
stock, (ii) each director of the Company, (iii) certain executive officers of
the Company and (iv) all executive officers and directors of the Company as a
group. Unless otherwise indicated, each of the stockholders shown in the table
below has sole voting and investment power with respect to the shares
beneficially owned. Unless otherwise indicated, the address of each person named
in the table below is c/o 4net Software, Inc., 100 Mill Plain Road, Danbury,
Connecticut 06811.

                                                Number of         Percent
Name and Address        Company Position        Shares owned      of class
----------------        ----------------        ------------      --------

Steven N. Bronson       Chairman, CEO           5,560,210             62%
                        and President
Alan Rosenberg          Director                   10,000(2)           *
Leonard Hagan           Director                   10,000(3)           *

All directors and executive officers            5,580,210             62%
as a group (3 persons)

-----------------------------
* Owns less than 1%

(1) As used in this table, a beneficial owner of a security includes any person
who, directly or indirectly, through contract, arrangement, understanding,
relationship or otherwise has or shares (a) the power to vote, or direct the
voting of, such security or (b) investment power which includes the power to
dispose, or to direct the disposition of, such security. In addition, a person
is deemed to be the beneficial owner of a security if that person has the right
to acquire beneficial ownership of such security within 60 days.

(2) Includes options to purchase 10,000 shares of the Company's common stock
exercisable at $2.26 per share held by Mr. Rosenberg. These options are set to
expire on May 10, 2010.

(3) Includes options to purchase 10,000 shares of the Company's common stock
exercisable at $2.26 per share held by Mr. Hagan. These options are set to
expire on May 10, 2010.


ITEM 12.   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

        4net Software's offices are located at 100 Mill Plain Road, Danbury,
Connecticut 06811. The Company is using a portion of the premises occupied by
Catalyst Financial LLC, a full service brokerage, investment banking and
consulting firm, located at 100 Mill Plain Road, Danbury, Connecticut 06811.
Steven N. Bronson, the President of the Company, is the principal and owner of
Catalyst Financial LLC. Catalyst Financial LLC has agreed to waive the payment
of any rent by the Company for use of the offices.


                                       18
<PAGE>
ITEM 13.  EXHIBITS

       The following exhibits are hereby filed as part of this Annual Report on
Form 10-KSB or incorporated by reference.

Exhibit
Number    Description of Document
--------  -------------------------------------------
2.1#      Stock Purchase Agreement by and between Michael Park, Andrew
          Patros and Robert Park and MedTech Diagnostics, Inc. dated April
           24, 2000. (Incorporated by reference to Exhibit 2.1 to the
          Current Report on Form 8-K filed by the Company on May 3, 2000.)

3.1#      Certificate of Incorporation of the Company. (Incorporated by
          reference to Exhibit 3.1 to the Company's Annual Report on Form
          10-KSB for the fiscal year ended September 30, 1999)

3.2#      By-Laws of the Company. (Incorporated by reference to Exhibit
          3.2 to the Company's Annual Report on Form 10-KSB
          for the fiscal year ended September 30, 1999)

3.3#      Certificate of Amendment to the Certificate of Incorporation of
          the Company. (Incorporated by reference to Exhibit 3.3 to the
          Company's Quarterly Report on Form 10-QSB for the quarter ended June
          30, 2000)

3.4#      Amended and Restated By-Laws of the Company. (Incorporated by
          reference to Exhibit 3.4 to the Company's Quarterly Report on Form
          10-QSB for the quarter ended June 30, 2000)

3.5#      Certificate of Merger between the Company and its wholly owned
          subsidiary 4net Software, Inc. (Incorporated by reference to Exhibit
          3.5 to the Company's Quarterly Report on Form 10-QSB for the quarter
          ended March 31, 2001.)

3.6#      Amended Certificate of Designation of the Series A Convertible
          Preferred Stock of 4net Software, Inc. (Incorporated by reference to
          Exhibit 3.6 to the Company's Quarterly Report on Form 10-QSB for the
          quarter ended March 31, 2001.)

10.3#@    Employment Agreement dated as of August 1, 2000 by and between
          the Company and Steven N. Bronson. (Incorporated by reference to
          Exhibit 10.3 to the Company's Quarterly Report on Form 10-QSB
          for the quarter ended June 30, 2000.)

10.4#@    Employment Agreement dated as of August 1, 2000 by and between the
          Company and Robert Park. (Incorporated by reference to Exhibit 10.4
          to the Company's Quarterly Report on Form 10-QSB for the quarter
          ended June 30, 2000.)

10.5#     Sublease dated as of February 1, 2001 by and between the Company and
          Catalyst Operations, Inc. (Incorporated by reference to Exhibit 10.5
          to the Company's Quarterly Report on Form 10-QSB for the quarter
          ended March 31, 2001)

10.6#     Management Consulting Agreement, dated as of February 1, 2001 by and
          between the Company and Catalyst Financial LLC. (Incorporated by
          reference to Exhibit 10.6 to the Company's Quarterly Report on Form
          10-QSB for the quarter ended March 31, 2001)


                                      19
<PAGE>
10.7#     Mergers and Acquisitions Advisory Agreement, dated as of March 27,
          2001 by and between the Company and Catalyst Financial LLC.
          (Incorporated by reference to Exhibit 10.7 to the Company's Quarterly
          Report on Form 10-QSB for the quarter ended March 31, 2001)

10.8#     Placement Agent Agreement, dated as of April 30, 2001, by and between
          the Company and Catalyst Financial LLC. (Incorporated by reference to
          Exhibit 10.8 to the Company's Quarterly Report on Form 10-QSB for the
          quarter ended March 31, 2001)

10.9#     Placement Agent Agreement, dated as of July 2, 2001, by and between
          the Company and Catalyst Financial LLC. (Incorporated by reference to
          Exhibit 10.8 to the Company's Quarterly Report on Form 10-QSB for the
          quarter ended June 30, 2001)

10.10#@   Employment Agreement, dated as of July 1, 2001 by and between
          the Company and Steven N. Bronson. (Incorporated by reference
          to Exhibit 10.8 to the Company's Quarterly Report on Form 10-QSB
          for the quarter ended June 30, 2001)

10.11#    Separation Agreement, dated as of September 21, 2001 by and between
          the Company and Michael Park. (Incorporated by reference to Exhibit
          10.11 to the Company's Annual Report on Form 10-KSB for the fiscal
          year ended September 30, 2001)

10.12#    Letter of Intent, dated December 19, 2002 by and between the Company
          and NWT, Inc. (Incorporated by reference to Exhibit 10.12 to the
          Company's Annual Report on Form 10-KSB for the fiscal year ended
          September 30, 2002).

10.13#    First Amendment to Sublease between Catalyst Operation, Inc. and
          4networld.com, Inc. n/k/a 4net Software, Inc. made as of
          August 30, 2002. (Incorporated by reference to Exhibit 10.13 to the
          Company's Current Report on Form 8-K, dated September 27, 2002)

10.14#    Assignment Agreement, dated as of September 18, 2002, between
          4net Software, Inc. and New England Computer Group, Inc.
          (Incorporated by reference to Exhibit 10.14 to the Company's Current
          Report on Form 8-K, dated September 27, 2002)

10.15#    Consulting Agreement, dated December 17, 2003 between the Company and
          ETN Financial Services, Inc.

10.16#    Stock Purchase Agreement, dated September 13, 2005, between
          4net Software, Inc. and RAM Capital Management Trust I.

14#       Code of Ethics

31*       President's Written Certification Of Financial Statements
          Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32*       President's Written Certification Of Financial Statements
          Pursuant to 18 U.S.C. Statute 1350

--------------------------------
*    Filed herewith
#    Incorporated herein by reference
@    Represents a management contract

                                       20
<PAGE>
Item 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Audit Fees.
----------

            The aggregate fees billed to the Company for professional services
rendered by principal accountants for the audit of our annual financial
statements and review of our quarterly financial statements was $9,100 for each
of the fiscal years 2007 and 2006, respectively.


Audit-Related Fees.
------------------

            None.


Tax Fees.
--------

            The aggregate fees billed to the Company for professional services
rendered by accountants for tax related services is $900 for each of the fiscal
years 2007 and 2006.


All Other Fees.
--------------

None.

           The audit committee approved the engagement of Carlin, Charron &
Rosen, LLP in the preparation of the Company's tax returns for fiscal year 2007.


                                   SIGNATURES

       Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated:



/s/Steven N. Bronson                       /s/ Alan Rosenberg
-------------------------------            -------------------------------
Steven N. Bronson                          Alan Rosenberg
President, Chief Executive                 Director
Officer and Chairman                       December 21, 2007
of the Board of Directors
December 21, 2007



/s/ Leonard Hagan
-------------------------------
Leonard Hagan
Director
December 21, 2007


                                       21
<PAGE>
                                 EXHIBIT INDEX

The following Exhibits are filed herewith:

Exhibit
Number     Description of Document
------     -----------------------
31         President's Written Certification Of Financial Statements
           Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32         President's Written Certification Of Financial Statements
           Pursuant to 18 U.S.C. Statute 1350















                                       22
<PAGE>





                              4NET SOFTWARE, INC.
                              FINANCIAL STATEMENTS
                          SEPTEMBER 30, 2007 and 2006





<PAGE>
                             4NET SOFTWARE, INC.
                          Index to Financial Statements




Report of Independent Registered Public
     Accounting Firm                                       F-2

Balance Sheet
     September 30, 2007                                    F-3

Statements of Operations
     Years Ended September 30, 2007 and 2006               F-4

Statements of Stockholders' Equity
     Years Ended September 30, 2007 and 2006               F-5

Statements of Cash Flows
     Years Ended September 30, 2007 and 2006               F-6

Notes to Financial Statements                              F-7 - F-12




                                       F-1
<PAGE>
             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Shareholders and Board of Directors of
  4Net Software, Inc.

We have audited the accompanying balance sheet of 4Net Software, Inc.
(the "Company") as of September 30, 2007, and the related statements of
operations, stockholders' equity, and cash flows for each of the years in
the two-year period ended September 30, 2007.    The financial statements
are the responsibility of the Company's management.     Our responsibility
is to express an opinion on the financial statements based on our audits.

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

In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of 4Net Software, Inc. as
of September 30, 2007, and the results of its operations and its cash flows
for each of the years in the two-year period ended September 30, 2007 in
conformity with accounting principles generally accepted in the United
States of America.

The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 2 to
the financial statements, the Company has no principal operations or
significant revenue producing activities which raises substantial doubt
about its ability to continue as a going concern. Management's plans in
regard to these matters are described in Note 2. The financial statements
do not include any adjustments that might result from the outcome of this
uncertainty.


/s/ Carlin, Charron & Rosen, LLP

Glastonbury, Connecticut
December 20, 2007

                                      F-2
<PAGE>
                               4NET SOFTWARE, INC.
                                  BALANCE SHEET
                               SEPTEMBER 30, 2007


                                        ASSETS

CURRENT ASSETS
     Cash                                                           $     7,787
                                                                    -----------

TOTAL ASSETS                                                        $     7,787
                                                                    ===========


                           LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued expenses                            $     6,900
                                                                    -----------

TOTAL CURRENT LIABILITIES                                                 6,900
                                                                    -----------




COMMITMENTS AND CONTINGENCIES                                                --

STOCKHOLDERS' EQUITY

     Preferred stock, $.01 par value; authorized-5,000,000 shares
          Issued and outstanding - none                                      --
     Common stock, $.00001 par value; authorized-100,000,000 shares
          Issued and outstanding - 8,961,017 shares                          90
     Capital in excess of par value                                   3,168,258
     Accumulated deficit                                             (3,167,461)
                                                                    -----------
TOTAL STOCKHOLDERS' EQUITY                                                  887
                                                                    -----------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                          $     7,787
                                                                    ===========

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

                                      F-3
<PAGE>
                               4NET SOFTWARE, INC.
                            STATEMENTS OF OPERATIONS
                     YEARS ENDED SEPTEMBER 30, 2007 AND 2006


                                                       2007            2006
                                                   -----------     -----------

REVENUES                                           $        --     $        --
                                                   -----------     -----------

OPERATING EXPENSES
     General and administrative expenses                18,276          27,751
                                                   -----------     -----------

 TOTAL OPERATING EXPENSES                               18,276          27,751
                                                   -----------     -----------

LOSS FROM OPERATIONS                                   (18,276)        (27,751)
                                                   -----------     -----------

OTHER INCOME                                               156             651
                                                   -----------     -----------

NET LOSS                                           $   (18,120)    $   (27,100)
                                                   ===========     ===========


WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING-Basic and Diluted                        8,961,017       8,961,017
                                                   ===========     ===========

NET LOSS PER COMMON SHARE - Basic and Diluted      $     (.002)    $     (.003)
                                                   ===========     ===========



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

                                      F-4
<PAGE>
                               4NET SOFTWARE, INC.
                       STATEMENTS OF STOCKHOLDERS' EQUITY
                     YEARS ENDED SEPTEMBER 30, 2007 AND 2006
<TABLE>
<CAPTION>
                                                 Common
                                                 Stock                 Capital in                  Stock
                               Common Stock    Subscribed  Subscribed  Excess of   Accumulated  Subscription
                              Shares  Amount     Shares      Amount    Par Value     Deficit     Receivable   Total
                              ------  ------   ----------  ----------  ----------  -----------  -----------  ------
<S>                         <C>       <C>      <C>         <C>         <C>         <C>           <C>         <C>
Balance, October 1, 2005    8,761,017 $   88     200,000     $    2    $3,168,258  $(3,122,241)  $ (30,000)  $16,107
                            ========= ======     =======     ======    ==========  ===========   =========   =======

Issuance of common stock      200,000      2    (200,000)        (2)           --           --      30,000    30,000

Net loss                          --      --          --         --            --      (27,100)         --   (27,100)

                            --------- ------     -------     ------    ----------  -----------   ---------   -------
Balance, September 30, 2006 8,961,017 $   90          --     $   --    $3,168,258  $(3,149,341)  $      --   $19,007
                            ========= ======     =======     ======    ==========  ===========   =========   =======


Net loss                          --      --          --         --            --      (18,120)         --  (18,120)

                            --------- ------     -------     ------    ----------  -----------   ---------   -------
Balance, September 30, 2007 8,961,017 $   90          --     $   --    $3,168,258  $(3,167,461)  $      --   $   887
                            ========= ======     =======     ======    ==========  ===========   =========   =======

</TABLE>

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

                                      F-5
<PAGE>
                               4NET SOFTWARE, INC.
                            STATEMENTS OF CASH FLOWS
                     YEARS ENDED SEPTEMBER 30, 2007 AND 2006

<TABLE>
<CAPTION>
                                                                     2007       2006
                                                                  ---------   ---------
<S>                                                               <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES

    Net loss                                                      $ (18,120)  $ (27,100)

Adjustments to reconcile net loss to net cash used in operating
       activities:
Changes in assets and liabilities:

       Decrease in accounts payable and accrued expenses               (650)     (1,030)
                                                                  ---------   ---------

Net cash used in operating activities                               (18,770)    (28,130)
                                                                  ---------   ---------

CASH FLOWS FROM FINANCING ACTIVITIES
     Proceeds from issuance of common stock                              --      30,000
                                                                  ---------   ---------

Net cash provided by financing activities                                --      30,000
                                                                  ---------   ---------



NET (DECREASE) INCREASE IN CASH                                     (18,770)      1,870

CASH - BEGINNING OF YEAR                                             26,557      24,687
                                                                  ---------   ---------

CASH - END OF YEAR                                                $   7,787   $  26,557
                                                                  =========   =========
</TABLE>

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

                                      F-6
<PAGE>
                              4NET SOFTWARE, INC.
                         NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         ORGANIZATION AND BUSINESS ACTIVITY

         4net Software, Inc., was incorporated under the laws of the State of
         Delaware in 1986. During the year ended September 30, 2007, the Company
         focused its efforts on pursuing a strategy of growth by acquiring
         businesses with established revenues and earnings, which the Company
         believes are undervalued. The Company utilized several criteria to
         evaluate prospective acquisitions including whether the business to be
         acquired (1) is an established business with viable services and/or
         products, (2) has an experienced management team, (3) has room for
         growth and/or expansion into other markets, (4) is accretive to
         earnings, (5) offers the opportunity to achieve and/or enhance
         profitability and (6) increases stockholder value.


         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 reported
         amounts of revenues and expenses during the reporting period. Actual
         results could differ from those estimates.


         EARNINGS (LOSS) PER COMMON SHARE

         Basic (loss) earnings per share ("EPS") is computed as net income
         (loss) divided by the weighted-average number of common shares
         outstanding for the period. Diluted EPS reflects the potential dilution
         that could occur from common shares issuable through stock-based
         compensation plans including stock options, restricted stock awards,
         stock purchase agreements, stock subscriptions not fully paid, warrants
         and other convertible securities which are anti-dilutive for 2007 and
         2006. Therefore diluted EPS is the same as basic EPS.


         CASH EQUIVALENTS

         For purposes of reporting cash flows, the Company considers as cash
         equivalents all highly liquid investments with a maturity of three
         months or less at the time of purchase. On occasion, the Company has
         cash balances in excess of federally insured amounts. The Company has
         no cash equivalents at September 30, 2007 and 2006.


         FAIR VALUE

         The carrying amount reported in the balance sheet for cash and accounts
         payable and accrued expenses approximates fair value because of the
         immediate or short-term maturity of these financial instruments.


                                      F-7
<PAGE>
                              4NET SOFTWARE, INC.
                         NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)


         CONCENTRATION OF CREDIT RISK

         Financial instruments which potentially subject the Company to
         concentrations of credit risk consist of cash. The Company maintains
         cash accounts at one financial institution. The Company periodically
         evaluates the credit worthiness of financial institutions, and
         maintains cash accounts only in large high quality financial
         institutions, thereby minimizing exposure for deposits in excess of
         federally insured amounts. The Company believes that credit risk
         associated with cash is remote.


         RECENT ACCOUNTING PRONOUNCEMENTS

         There are no recently issued accounting pronouncements that are
         expected to have a significant impact on the Company's financial
         statements.

NOTE 2 - BASIS OF PRESENTATION

         The accompanying financial statements have been prepared on the basis
         of accounting principles applicable to a going concern which
         contemplates the realization of assets and extinguishment of
         liabilities in the normal course of business. As shown in the
         accompanying financial statements, the Company has accumulated a
         deficit of approximately $3.2 million through September 30, 2007. As of
         September 30, 2007 the Company has no principal operations or
         significant revenue producing activities, which raises substantial
         doubt about its ability to continue as a going concern. The Company's
         financial statements do not include any adjustments related to the
         carrying value of assets or the amount and classification of
         liabilities that might be necessary should the Company be unable to
         continue as a going concern. The Company's ability to establish itself
         as a going concern is dependent on its ability to merge with another
         entity. The outcome of this matter cannot be determined at this time.


NOTE 3 - STOCKHOLDERS' EQUITY

         On September 13, 2005, the Company entered into a stock purchase
         agreement with RAM Capital Management Trust I whereby the Company
         agreed to sell 200,000 restricted shares of its $0.00001 par value
         common stock at a purchase price of $0.15 per share. Accordingly, this
         transaction was recorded as common stock subscribed and capital in
         excess of par value with a corresponding stock subscriptions receivable
         at September 30, 2005. The Company received payment in the amount of
         $30,000 on October 12, 2005.


                                      F-8
<PAGE>
                              4NET SOFTWARE, INC.
                         NOTES TO FINANCIAL STATEMENTS


NOTE 4 - STOCK OPTION PLAN

         The Company has a Stock Incentive Plan under which employees, officers,
         directors, consultants, independent contractors and advisors of the
         Company may be granted options to purchase shares of the Company's
         common stock at a price to be determined by the Board of Directors, or
         a committee to be formed by the Board of Directors, which can not be
         less than sixty-five percent of the common stock fair value at the date
         of grant. In addition, the Stock Incentive Plan also authorizes the
         Company to issue restrictive stock awards and stock bonuses. The Stock
         Incentive Plan authorizes the issuance of up to 1,100,000 shares of the
         Company's common stock.

         The status of outstanding options granted pursuant to the plan is as
         follows:

                                                       Number of  Weighted Avg.
                                                        Shares    Exercise Price
                                                      ---------   --------------

         Options Outstanding- October 1, 2005            20,000       $2.26
         (20,000 exercisable)
         Granted                                             --          --
         Exercised                                           --          --
         Expired                                             --          --
                                                       --------

         Options Outstanding - September 30, 2006       20,000        $2.26
         Granted                                             --          --
         Exercised                                           --          --
         Expired                                             --          --
                                                       --------

         Options Outstanding - September 30, 2007        20,000       $2.26
         (20,000 exercisable at $2.26, expiring 2010)  ========

         All outstanding stock options are fully vested.


NOTE 5 - RELATED PARTY TRANSACTIONS

         The Company's offices are located at 100 Mill Plain Road, Danbury,
         Connecticut 06811. The Company is using a portion of the premises
         occupied by Catalyst Financial LLC, a full service brokerage,
         investment banking and consulting firm, located at 100 Mill Plain Road,
         Danbury, Connecticut 06811. Steven N. Bronson, the President of the
         Company, is the principal and owner of Catalyst Financial LLC. Catalyst
         Financial LLC has agreed to waive the payment of any rent by the
         Company for use of the offices.

         During the years ended September 30, 2007 and 2006, the Company did not
         pay any salary to its President, because in September 2002, the Company
         entered into an agreement with the President, whereby the President
         agreed to waive his salary effective October 1, 2002.


                                      F-9
<PAGE>
                              4NET SOFTWARE, INC.
                         NOTES TO FINANCIAL STATEMENTS



NOTE 5 - RELATED PARTY TRANSACTIONS (Continued)

         Control

         Mr. Bronson beneficially owns 5,560,210 shares of the Company's common
         stock. Mr. Bronson's beneficial ownership represents approximately 62%
         of the issued and outstanding shares of common stock of the Company.
         Accordingly, Mr. Bronson has effective control of the Company. In the
         election of directors, stockholders are not entitled to cumulate their
         votes for nominees. Accordingly, as a practical matter, Mr. Bronson may
         be able to elect all of the Company's directors and otherwise direct
         the affairs of the Company.


NOTE 6 - INCOME TAXES

         At September 30, 2007, the Company had net operating loss carryforwards
         of approximately $1,600,000 that may be offset against future taxable
         income, if any, ratably through 2027. These carry-forwards are subject
         to review by the Internal Revenue Service.

         The Company has fully reserved the approximate $640,000 tax benefit of
         the operating loss carryforwards, by a valuation allowance of the same
         amount, because the likelihood of realization of the tax benefit cannot
         be determined.

         There is no current or deferred tax expense for the years ended
         September 30, 2007 and 2006.


NOTE 7 - SEGMENT REPORTING

         In June 1997, SFAS 131, "Disclosure about Segments of an Enterprise and
         Related Information" was issued, which amends the requirements for a
         public enterprise to report financial and descriptive information about
         its reportable operating segments. Operating segments, as defined in
         the pronouncement, are components of an enterprise about which separate
         financial information is available that is evaluated regularly by the
         Company in deciding how to allocate resources and in assessing
         performance. The financial information is required to be reported on
         the basis that is used internally for evaluating segment performance
         and deciding how to allocate resources to segments. The Company has no
         reportable segments at September 30, 2007 and 2006.


                                      F-10