**Securities      and Exchange Commission**

**Washington,      D.C. 20549**

**Form      10-KSB**

| x | ANNUAL                REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|-----------------------------------------------------------------------------------------------------------------------------------|

**For      the fiscal year ended December 31, 2006**

| o | TRANSITIONAL                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|-----------------------------------------------------------------------------------------------------------------------------------------|

**Commission      File Number **
*000-29701*

**SYNDICATION,      INC.**

| **Delaware**                                   | **57-2218873**                     |
|------------------------------------------------|------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer    |
| incorporation                or organization)  | Identification                No.) |

**1250      24**
**th**

**      Street, NW, Suite 300**

**Washington,      D.C. 20037**

**Title      of Each Class**

** **
** **

----

----

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**TABLE      OF CONTENTS**

|                        |                                                                                                                                          | **Page** |
|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|----------|
| **PART                I**   |                                                                                                                                          | **3**    |
|                        |                                                                                                                                          |     |
| ITEM                1.      | DESCRIPTION                OF BUSINESS                                                                                                        | 3        |
|                        |                                                                                                                                          |     |
| ITEM                2.      | DESCRIPTION                OF PROPERTIES                                                                                                      | 7        |
|                        |                                                                                                                                          |     |
| ITEM                3.      | LEGAL                PROCEEDINGS                                                                                                              | 7        |
|                        |                                                                                                                                          |     |
| ITEM                4.      | SUBMISSION                OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                                            | 7        |
|                        |                                                                                                                                          |     |
| **PART                II**  |                                                                                                                                          | **8**    |
|                        |                                                                                                                                          |     |
| ITEM                5.      | MARKET                FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER                MATTERS                                     | 8        |
|                        |                                                                                                                                          |     |
| ITEM                6.      | MANAGEMENT'S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND                RESULTS OF OPERATIONS                           | 9        |
|                        |                                                                                                                                          |     |
| ITEM                7.      | FINANCIAL                STATEMENTS                                                                                                           | 12       |
|                        |                                                                                                                                          |     |
| ITEM                8.      | CHANGES                IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING                AND FINANCIAL DISCLOSURE                            | 13       |
|                        |                                                                                                                                          |     |
| ITEM              8A        | CONTROLS              AND              PROCEDURES                                                                                             | 13       |
|                        |                                                                                                                                          |     |
| ITEM                8A(T)   | CONTROLS                AND PROCEDURES                                                                                                        | 13       |
|                        |                                                                                                                                          |     |
| ITEM                8B      | OTHER                INFORMATION                                                                                                              | 13       |
|                        |                                                                                                                                          |     |
| **PART                III** |                                                                                                                                          | **14**   |
|                        |                                                                                                                                          |     |
| ITEM                9.      | DIRECTORS,                EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; 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                                                                 | 16       |
|                        |                                                                                                                                          |     |
| ITEM                12.     | CERTAIN                RELATIONSHIPS AND RELATED TRANSACTIONS                                                                                 | 17       |
|                        |                                                                                                                                          |     |
| **PART                IV**  |                                                                                                                                          | **18**   |
|                        |                                                                                                                                          |     |
| ITEM                13.     | EXHIBITS                                                                                                                                      | 18       |
|                        |                                                                                                                                          |     |
| ITEM                14.     | PRINCIPAL                ACCOUNTANT FEES AND SERVICES                                                                                         | 21       |

----

**ITEM      1.**
**DESCRIPTION      OF BUSINESS**

**Organizational      History**

**General**

|   | · | an                evaluation of industry of a target company to determine the competition                that exists in that particular industry; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | an                evaluation to determine if the target company has the products, services                and skills to successfully compete in its industry; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | an                evaluation of the target company's management skills; and |
|--------|--------|-----------------------------------------------------------------------------|

|   | · | an                evaluation of our equity position in a target company, if any, to                review                the extent, if any, that we will be able to exert influence over                the                direction and operations of the development stage company. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**HTRG Associates      LLC/ Name Changed: 1st Quarter 2006 to "Syndicated Properties      LLC"**

**Letter      Of Intent with Tri-State Metro Territories LLC **

----

**The      Market **

**Marketing**

**Strategy      and Objectives - Investment and development activities**

|   | · | to                develop and implement business models that capitalize on the Internet's                ability to provide solutions to traditional companies; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | to                build a corporate infrastructure including a management team, a qualified                sales and marketing department, information technology, finance and                business development; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | to                assist them in their ability to manage rapid growth and flexibility                to                adopt to the changing Internet marketplace and technology; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | to                assist them in evaluating, structuring and negotiating joint ventures,                strategic alliances, joint marketing agreements and other corporate                transactions; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | to                advise them in matters related to corporate finance, financial reporting                and accounting operations. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------|

----

**Management      and consulting activities **

|   | · | industry                evaluation to determine inefficiencies that may be alleviated through                Internet or e-commerce use and will evaluate the profit potential,                the                size of the market opportunity and the competition that exists for                that                particular industry; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | · | target                company evaluation to determine if the target company has the products,                services and skills to become successful in its industry; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | overall                quality and industry expertise evaluation of a potential acquisition                candidate in deciding whether to acquire a target company. If the                target                company's management skills are lacking, a determination will be                made as                to whether a restructuring of its corporate infrastructure is feasible                and, if done so, whether it would be                successful; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | evaluation                of our equity position in a target company and extent that we will                be able                to exert influence over the direction and operations of the development                stage company; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | as                a condition to any acquisition or development agreement, we intend                to                require representation on the company's board of directors to ensure                our                ability to provide active guidance to the acquired company. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Competition      **

**Employees**

----

**ITEM      2. **
**DESCRIPTION      OF PROPERTIES**

**ITEM      3.**
**LEGAL      PROCEEDINGS**

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

----

**PART      I**
**I**

**ITEM      5.**
**MARKET      FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER      MATTERS**

**Market      Information**

|                          |   | Fiscal                2007 |   | Fiscal                2006 |   | Fiscal                2005 |   |
|-------------------------------|--------|----------------------------|--------|----------------------------|--------|----------------------------|--------|
| COMMON                STOCK   |   | High                       |   | Low                        |   | High                       |   | Low |   | High |   | Low |   |
|                          |   |                       |   |                       |   |                       |   |   |   |   |   |   |   |
| First                Quarter  |   | $                          | 0.001  |                       | $      | 0.0007                     |   | $ | 0.017 |   | $ | 0.006 |   | $ | 1.25 |   | $ | 0.22 |   |
| Second                Quarter |   |                       | --     |                       |   | --                         |   | $ | 0.02 |   | $ | 0.007 |   | $ | 0.51 |   | $ | 0.07 |   |
| Third                Quarter  |   |                       | --     |                       |   | --                         |   | $ | 0.009 |   | $ | 0.002 |   | $ | 0.09 |   | $ | 0.02 |   |
| Fourth                Quarter |   |                       | --     |                       |   | --                         |   | $ | 0.005 |   | $ | 0.001 |   | $ | 0.05 |   | $ | 0.004 |   |

**Securities      Authorized for Issuance Under Equity Compensation Plans **

**Dividends**

**Sale      of Securities that were not Registered Under the Securities Act of      1933**

----

**ITEM      6**
**MANAGEMENT'S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS**

**General**

----

----

**Liquidity      and Capital Resources**

----

**Off-Balance      Sheet Arrangements**

**ITEM      7.**
**FINANCIAL      STATEMENTS.**

----

**SYNDICATION,          INC. AND SUBSIDIARY**

**CONSOLIDATED          FINANCIAL STATEMENTS**

**December          31, 2006**

**CONTENTS**

| Report                of Independent Registered Public Accounting Firm         | F-2    |
|--------------------------------------------------------------------------------|--------|
|                                                                           |   |
| Consolidated                Balance Sheet                                      | F-3    |
|                                                                           |   |
| Consolidated                Statements of Operations                           | F-5    |
|                                                                           |   |
| Consolidated                Statements of Stockholders’ Equity (Deficit) | F-6    |
|                                                                           |   |
| Consolidated                Statements of Cash Flows                           | F-10   |
|                                                                           |   |
| Notes                to the Consolidated Financial Statements                  | F-12   |

----

**REPORT      OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

----

**SYNDICATION,      INC. AND SUBSIDIARY**

|  ASSETS                                          |   |
|-------------------------------------------------------|--------|
|                                                  |   | December                  31, |   |
|                                                  |   | 2006 |   |
| CURRENT                  ASSETS                       |   |   |   |
|                                                  |   |   |   |
| Cash                                                  |   | $ | 205,561 |   |
| Note                  receivable - related party, net |   |   | - |   |
|                                                  |   |   |   |   |
|  Total                  Current Assets           |   |   | 205,561 |   |
|                                                  |   |   |   |   |
| OTHER                  ASSETS                         |   |   |   |   |
|                                                  |   |   |   |   |
|  Debt                  offering costs            |   |   | 165,521 |   |
|  Accumulated                  Amortization       |   |   | (48,197 | ) |
|                                                  |   |   |   |   |
|  Total                  Other Assets             |   |   | 117,324 |   |
|                                                  |   |   |   |   |
|  TOTAL                  ASSETS                   |   | $ | 322,885 |   |

----

**SYNDICATION,      INC. AND SUBSIDIARY**

| LIABILITIES                  AND STOCKHOLDERS’ EQUITY (DEFICIT)           |   |
|---------------------------------------------------------------------------------|--------|
|                                                                            |   |  December                  31, |   |
|                                                                            |   |  2006 |   |
| CURRENT                  LIABILITIES                                            |   |    |   |
|                                                                            |   |   |   |
|  Accounts                  payable                                         |   | $ | 48,803 |   |
|  Accounts                  payable-related party                           |   |   | 28,497 |   |
|  Notes                  Payable                                            |   |   | 138,011 |   |
|  Notes                  payable - related party                            |   |   | 368,937 |   |
|  Interest                  Payable                                         |   |   | 45,985 |   |
|  Interest                  payable - related party                         |   |   | 128,377 |   |
|  Interest                  payable - convertible debenture                 |   |   | 123,099 |   |
|  Directors’                  fee accrued                             |   |   | 48,040 |   |
|  Derivative                  liability                                     |   |   | 2,614,266 |   |
|                                                                            |   |   |   |   |
|  Total                  Current Liabilities                                |   |   | 3,544,015 |   |
|                                                                            |   |   |   |   |
| LONG                  TERM LIABILITIES                                          |   |   |   |   |
|                                                                            |   |   |   |   |
|  Convertible                  debenture                                    |   |   | 1,074,300 |   |
|  Debt                  Discount - net of amortization                      |   |   | (746,146 | ) |
|                                                                            |   |   |   |   |
|  Total                  Long Term Liabilities                              |   |   | 328,154 |   |
|                                                                            |   |   |   |   |
|  TOTAL                  LIABILITIES                                        |   |   | 3,872,169 |   |
|                                                                            |   |   |   |   |
| STOCKHOLDERS’                  EQUITY (DEFICIT)                           |   |   |   |   |
|                                                                            |   |   |   |   |
|  Preferred                  stock: 20,000,000 shares authorized of         |   |   |   |   |
| $0.0001                  par value, no shares issued and outstanding            |   |   | - |   |
|  Common                  stock: 3,000,000,000 shares authorized of $0.0001 |   |   |   |   |
|  par                  value, 137,478,543 shares issued and                 |   |   |   |   |
|  outstanding                                                               |   |   | 13,748 |   |
|  Additional                  paid-in capital                               |   |   | 4,670,745 |   |
|  Stock                  subscriptions payable                              |   |   | 2,500 |   |
|  Stock                  warrants payable                                   |   |   | 2,460 |   |
|  Deficit                  accumulated prior to the development stage       |   |   | (2,231,519 | ) |
|  Deficit                  accumulated during the development stage         |   |   | (6,007,218 | ) |
|                                                                            |   |   |   |   |
|  Total                  Stockholders’ Equity (Deficit)               |   |   | (3,549,284 | ) |
|                                                                            |   |   |   |   |
|  TOTAL                  LIABILITIES AND STOCKHOLDERS’ EQUITY         |   |   |   |   |
|  (DEFICIT)                                                                 |   | $ | 322,885 |   |

----

**SYNDICATION,      INC.**

|                                                           |   |                                         |        |                              |   |  From                  inception    |   |
|----------------------------------------------------------------|--------|----------------------------------------------|-------------|----------------------------------------|--------|------------------------------------------|--------|
|                                                           |   |                                         |        |                              |   |  of                  the            |   |
|                                                           |   |                                         |        |                              |   |  Development                        |   |
|                                                           |   |                                         |        |                              |   |  stage                  on          |   |
|                                                           |   | For                  the Twelve Months Ended |        |  January                  1, 2004 |   |
|                                                           |   | December                  31,                |        |  through                          |   |
|                                                           |   | 2006                                         |        |  2005                             |   |  December                  31, 2006 |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |
| CONSULTING                  REVENUE                            |   | $                                            | -           |                                   | $      | -                                        |   | $ | - |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| OPERATING                  EXPENSES                            |   |                                         |        |                                   |   |                                     |   |   |   |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
|  General                  and administrative              |   |                                         | 206,531     |                                   |   | 517,320                                  |   |   | 1,043,944 |   |
|  Bad                  debt expense                        |   |                                         | 44,977      |                                   |   | 80,752                                   |   |   | 403,916 |   |
|  Consulting                                               |   |                                         | 209,400     |                                   |   | 308,867                                  |   |   | 1,799,267 |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
|  Total                  Operating Expenses                |   |                                         | 460,908     |                                   |   | 906,939                                  |   |   | 3,247,127 |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| OPERATING                  LOSS                                |   |                                         | (460,908    | )                                      |   | (906,939                                 | )      |   | (3,247,127 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| OTHER                  INCOME (EXPENSES)                       |   |                                         |        |                                   |   |                                     |   |   |   |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
|  Amortization                  of debt discount           |   |                                         | (403,854    | )                                      |   | -                                        |   |   | (403,854 | ) |
|  Amortization                  of debt offering costs     |   |                                         | (48,197     | )                                      |   | -                                        |   |   | (48,197 | ) |
| Amortization                  of deferred fee                  |   |                                         |        |                                   |   |  -                                  |   |   |  (406,000 | )  |
|  Interest                  Income                         |   |                                         | 4,385       |                                   |   | -                                        |   |   | 4,385 |   |
|  Other                  Income (expenses)                 |   |                                         | (33,608     | )                                      |   | 119,400                                  |   |   | 491,792 |   |
|  Gain                  (Loss) on investments              |   |                                         | (52,273     | )                                      |   | (91,506                                  | )      |   | (420,210 | ) |
|  Loss                  on derivative liability            |   |                                         | (205,695    | )                                      |   | (1,368,627                               | )      |   | (1,574,322 | ) |
|  Interest                  expense                        |   |                                         | (183,143    | )                                      |   | (81,686                                  | )      |   | (383,437 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
|  Total                  Other (Expenses)                  |   |                                         | (922,385    | )                                      |   | (1,422,419                               | )      |   | (2,739,843 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| LOSS                  BEFORE INCOME TAXES AND DISCONTINUED     |   |                                         |        |                                   |   |                                     |   |   |   |   |
|  OPERATIONS                                               |   |                                         | (1,383,293  | )                                      |   | (2,329,358                               | )      |   | (5,986,970 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| INCOME                  TAX EXPENSE                            |   |                                         | -           |                                   |   | -                                        |   |   | - |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| (LOSS)                  FROM CONTINUING OPERATIONS             |   |                                         | (1,383,293  | )                                      |   | (2,329,358                               | )      |   | (5,986,970 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| (LOSS)                  FROM DISCONTINUED OPERATIONS           |   |                                         | (15,198     | )                                      |   | (5,050                                   | )      |   | (20,248 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| NET                  (LOSS)                                    |   | $                                            | (1,398,491  | )                                      | $      | (2,334,408                               | )      | $ | (6,007,218 | ) |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| (LOSS)                  PER SHARE FROM CONTINUED OPERATIONS    |   |                                         | (0.01       | )                                      |   | (0.11                                    | )      |   |   |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| (LOSS)                  PER SHARE FROM DISCONTINUED OPERATIONS |   |                                         | (0.00       | )                                      |   | (0.00                                    | )      |   |   |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| BASIC                  INCOME (LOSS) PER SHARE                 |   | $                                            | (0.01       | )                                      | $      | (0.11                                    | )      |   |   |   |
|                                                           |   |                                         |        |                                   |   |                                     |   |   |   |   |
| WEIGHTED                  AVERAGE NUMBER OF SHARES OUTSTANDING |   |                                         | 106,441,480 |                                   |   | 21,140,178                               |   |   |   |   |

----

**SYNDICATION,      INC. AND SUBSIDIARY**

|                                                       |   |   | Common                  Stock |   |   | AdditionalPaid-InDeferred |   |   |  StockSubscriptions |   |    | StockWarrants |    |   | Accumulated |   |
|------------------------------------------------------------|--------|--------|-------------------------------|--------|--------|---------------------------|--------|--------|--------------------------|--------|---------|---------------|---------|--------|-------------|--------|
|                                                       |   |   | Shares                        |   |   | Amount                    |   |   | Capital                  |   |    | Fees          |    |   | Payable     |   |   | Payable |   |   | Deficit |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Balance,                  December 31, 2003                |   |   | 12,075,088                    |   |   | 1,207                     |   |   | 2,021,959                |   |         | (292,000      | )       |   |        |   |   |   |   |   | (2,231,519 | ) |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for cash at $1.00     |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on February 16, 2004            |   |   | 50,000                        |   |   | 5                         |   |   | 49,995                   |   |    | -             |    |   | -           |   |   | - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for deferred fees     |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| at                  $0.80 per share on February 16, 2004   |   |   | 30,000                        |   |   | 3                         |   |   | 23,997                   |   |    | (24,000       | )       |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for assets at $0.90   |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on February 28, 2004            |   |   | 120,000                       |   |   | 12                        |   |   | 107,988                  |   |    | -             |    |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for assets at $0.65   |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on March 17, 2004               |   |   | 160,000                       |   |   | 16                        |   |   | 103,984                  |   |    | -             |    |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for assets at $0.65   |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on March 17, 2004               |   |   | 15,000                        |   |   | 2                         |   |   | 9,748                    |   |    | -             |    |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for assets at $0.65   |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on March 17, 2004               |   |   | 60,000                        |   |   | 6                         |   |   | 38,994                   |   |    | -             |    |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for deferred fees at  |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| $0.40                  per share on May 18, 2004           |   |   | 600,000                       |   |   | 60                        |   |   | 239,940                  |   |    | (240,000      | )       |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for services at $0.35 |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on June 1, 2004                 |   |   | 1,200,000                     |   |   | 120                       |   |   | 419,880                  |   |    |  -       |    |   | -           |   |   | - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for additional        |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| interest                  on default on note payable at    |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| $0.35                  per share on June 15, 2004          |   |   | 50,000                        |   |   | 5                         |   |   | 17,495                   |   |    |  -       |    |   | -           |   |   | - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Beneficial                  conversion feature of          |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| convertible                  debentures                    |   |   | -                             |   |   | -                         |   |   | 50,000                   |   |    |  -       |    |   | -           |   |   | - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for services at       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| $0.44                  per share on December 1, 2004       |   |   | 675,000                       |   |   |  67                  |   |   | 296,932                  |   |    | -             |    |   | -           |   |   | - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for deferred fees     |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| at                  $0.50 per share on December 9, 2004    |   |   | 80,000                        |   |   | 8                         |   |   | 39,992                   |   |    | (40,000       | )       |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for services at $0.55 |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| per                  share on December 27, 2004            |   |   | 250,000                       |   |   | 25                        |   |   | 137,475                  |   |    |  -       |    |   | -           |   |   | - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Amortization                  of deferred fees             |   |   | -                             |   |   | -                         |   |   | -                        |   |    | 406,000       |    |   | -           |   |   |  - |   |   | - |   |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Net                  loss for the year ended               |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| December                  31, 2004                         |   |   | -                             |   |   | -                         |   |   | -                        |   |    | -             |    |   |        |   |   | - |   |   | (2,274,319 | ) |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Balance,                December 31, 2004                  |   |   | 15,365,088                    |   | $      | 1,536                     |        | $      | 3,558,379                |   |  $ | (190,000      | )  |   | -           |   |   | - |   | $ | (4,505,838 | ) |
|                                                       |   |   |                          |   |   |                      |   |   |                     |   |    |          |    |   |        |   |   |   |   |   |   |   |
| Amortization                  of deferred fees             |   |   | -                             |   |   | -                         |   |   | -                        |   |    | 82,500        |    |   | -           |   |   | - |   |   | - |   |

----

**SYNDICATION,      INC. AND SUBSIDIARY**

| Common                  stock issued at $0.24 per share       |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |
|---------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| per                  Irrevocable TA instructions free trading |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  June 09, 2005                             |   |   | 41,667    |   |   | 4      |   |   | 9,995  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.17 per share       |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  June 20, 2005 Loan payoff - draw 1        |   |   | 59,788    |   |   | 5      |   |   | 9,995  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.12 per share       |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  June 27, 2005 Loan payoff - draw 2        |   |   | 85,034    |   |   | 8      |   |   | 9,992  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.05 per share       |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  July 05, 2005 Loan payoff - draw 3        |   |   | 204,082   |   |   | 20     |   |   | 9,980  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.041 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Sep 19, 2005 Loan payoff - draw 4         |   |   | 243,902   |   |   | 24     |   |   | 9,976  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.03 per share       |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Sep 26, 2005 Loan payoff - draw 5         |   |   | 776,398   |   |   | 78     |   |   | 24,922 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.017 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Oct 03, 2005 Note Payable                 |   |   | 1,488,095 |   |   | 149    |   |   | 24,851 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.014 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Oct 10, 2005 Note Payable                 |   |   | 2,551,020 |   |   | 255    |   |   | 24,745 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.011 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Oct 24, 2005 Note Payable                 |   |   | 2,319,109 |   |   | 232    |   |   | 24,768 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.008 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Oct 31, 2005 Note Payable                 |   |   | 3,188,776 |   |   | 319    |   |   | 24,681 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.007 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Nov 07, 2005 Note Payable                 |   |   | 3,644,315 |   |   | 364    |   |   | 24,636 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.007 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Nov 07, 2005 Interest on Note Payable     |   |   | 3,594,872 |   |   | 359    |   |   | 24,301 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.005 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Nov 14, 2005 Note Payable                 |   |   | 4,611,837 |   |   | 464    |   |   | 24,536 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.004 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Nov 17, 2005 Convertible debenture        |   |   | 2,439,024 |   |   | 244    |   |   | 9,756  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.005 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Nov 21, 2005 Note Payable                 |   |   | 4,813,246 |   |   | 481    |   |   | 24,519 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.007 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Nov 28, 2005 Note Payable                 |   |   | 3,644,315 |   |   | 364    |   |   | 24,636 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.004 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Dec 01, 2005 Convertible debenture        |   |   | 1,662,500 |   |   | 166    |   |   | 6,484  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.021 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Dec 09, 2005 Note Payable                 |   |   | 1,214,772 |   |   | 121    |   |   | 24,879 |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                          |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.005 per share      |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Dec 12, 2005 Convertible debenture        |   |   | 1,106,667 |   |   | 111    |   |   | 5,201  |   |   | -      |   |   | -      |   |   | - |   |   | - |   |

----

**SYNDICATION,      INC. AND SUBSIDIARY**

| Common                  stock issued at $0.015 per share    |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |
|-------------------------------------------------------------|--------|--------|------------|--------|--------|--------|--------|--------|-----------|--------|--------|---------|--------|--------|---------|
| on                  Dec 12, 2005 Note Payable               |   |   | 1,759,324  |   |   | 176    |   |   | 24,824    |   |   |  - |   |   | -       |   |   |  - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.013 per share    |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Dec 19, 2005 Note Payable               |   |   | 1,962,323  |   |   | 196    |   |   | 24,804    |   |   | -       |   |   |  - |   |   |  - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.011 per share    |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Dec 29, 2005 To Directors for services  |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| &                  fee                                  |   |   | 38,500,000 |   |   | 3,850  |   |   | 431,200   |   |   | -       |   |   |  - |   |   |  - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Amortization                  of deferred fees              |   |   | -          |   |   | -      |   |   | -         |   |   | 107,500 |   |   |  - |   |   |  - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued on related party       |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| forgiveness                  of debt                        |   |   | -          |   |   | -      |   |   | 24,678    |   |   | -       |   |   |  - |   |   |  - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Price                  rounding adjustments on issuance     |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| dates                  above                                |   |   | (5,080     | )      |   | 2      |   |   | -         |   |   |  - |   |   | -       |   |   |  - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Net                  loss for the year December 31, 2005    |   |   | -          |   |   | -      |   |   | -         |   |   |  - |   |   | -       |   |   | - |   |   | (2,334,408 | ) |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Balance                on December 31, 2005                 |   |   | 95,271,074 |   |   | 9,528  |   |   | 4,406,738 |   |   | -       |   |   | -       |   |   | - |   |   | (6,840,246 | ) |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0054 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  June 12, 2006 Convertible debenture     |   |   | 1,851,852  |   |   | 185    |   |   | 20,371    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0040 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Jul 18, 2006 to Knowledge Market        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| for                  services                               |   |   | 3,250,000  |   |   | 325    |   |   | 12,675    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0039 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  July 26, 2006 Convertible debenture     |   |   | 2,564,103  |   |   | 256    |   |   | 24,359    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0039 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Aug 10, 2006 Convertible debenture      |   |   | 3,846,154  |   |   | 385    |   |   | 36,538    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0026 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Sep 08, 2006 Convertible debenture      |   |   | 3,846,154  |   |   | 385    |   |   | 31,538    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0018 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Oct 02, 2006 Convertible debenture      |   |   | 4,166,667  |   |   | 417    |   |   | 13,750    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0014 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Oct 25, 2006 Convertible debenture      |   |   | 3,571,429  |   |   | 357    |   |   | 10,357    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0009 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Nov 13, 2006 Convertible debenture      |   |   | 4,444,444  |   |   | 444    |   |   | 10,667    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issuable per Vintage Filingns |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Agreement                  dated Nov 14, 2006; 10 million   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Shares                  and 10 million warrants issuable    |   |   | -          |   |   | -      |   |   |  -   |   |   | -       |   |   | 2,500   |   |   | 2,460 |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0009 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Nov 21, 2006 Convertible debenture      |   |   | 4,444,444  |   |   | 444    |   |   | 10,667    |   |   | -       |   |   | -       |   |   | - |   |   | - |   |
|                                                        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0009 per share   |   |   |       |   |   |   |   |   |      |   |   |    |   |   |    |   |   |   |   |   |   |   |
| on                  Nov 30, 2006 Convertible debenture      |   |   | 3,888,889  |   |   | 389    |   |   | 9,333     |   |   | -       |   |   | -       |   |   | - |   |   | - |   |

----

**SYNDICATION,          INC. AND SUBSIDIARY**

| Common                  stock issued at $0.0009 per share         |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |
|-------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|--------|--------|-----------|--------|--------|--------|--------|--------|--------|
| on                  Dec 13, 2006 Convertible debenture            |   |   | 1,333,333   |   |   | 133    |   |   | 1,280     |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                              |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued at $0.0011 per share         |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| on                  Dec 26, 2006 Convertible debenture            |   |   | 5,000,000   |   |   | 500    |   |   | 13,000    |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                              |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued for services contributed     |   |   | -           |   |   | -      |   |   | 69,472    |   |   | -      |   |   | -      |   |   | - |   |   | - |   |
|                                                              |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the year December 31, 2006          |   |   | -           |   |   | -      |   |   | -         |   |   | -      |   |   | -      |   |   | - |   |   | (1,398,491 | ) |
|                                                              |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                  on December 31, 2006                     |   |   | 137,478,543 |   | $      | 13,748 |   | $      | 4,670,745 |   | $      | -      |   | $      | 2,500  |   | $ | 2,460 |   | $ | (8,238,737 | ) |
|                                                              |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deficit                  accumulated prior to development stage   |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   | $ | (2,231,519 | ) |
| Deficit                  accumulated during the development stage |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   | (6,007,218 | ) |
| Accumulated                  deficit                              |   |   |        |   |   |   |   |   |      |   |   |   |   |   |   |   |   |   |   | $ | (8,238,737 | ) |

----

**SYNDICATION,      INC. AND SUBSIDIARY**

|                                                                         |   | For                    the Twelve Months Ended December                      31,  | From                        Inception of                        the Development                        Stage                        on January                        1, 2004 through December                        31,   |         |
|------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|
|                                                                         |   | 2006                                                                                   |                                                                                                                                                                                                                                  | 2005         |   | 2006 |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                        |   |                                                                                   |                                                                                                                                                                                                                                  |    |   |    |   |
| Net                    Loss                                                  |   | $                                                                                      | (1,398,491                                                                                                                                                                                                                            | )            | $ | (2,334,408 | ) | $ | (6,007,218 | ) |
| Adjustments                    to reconcile net loss to net cash             |   |                                                                                   |                                                                                                                                                                                                                                  |         |   |   |   |   |   |   |
|  provided                    (used) in operating activities:            |   |                                                                                   |                                                                                                                                                                                                                                  |         |   |   |   |   |   |   |
|  Common                    stock issued for services                    |   |                                                                                   | 15,500                                                                                                                                                                                                                                |         |   | 234,982 |   |   | 1,433,232 |   |
|  Stock                    warrants for services                         |   |                                                                                   | 2,460                                                                                                                                                                                                                                 |         |   | - |   |   | 2,460 |   |
|  Amortization                    of debt discount                       |   |                                                                                   | 403,854                                                                                                                                                                                                                               |         |   | - |   |   | 403,854 |   |
|  Amortization                    of debt offering costs                 |   |                                                                                   | 48,197                                                                                                                                                                                                                                |         |   | - |   |   | 48,197 |   |
|  Amortization                    of deferred fees                       |   |                                                                                   | -                                                                                                                                                                                                                                     |         |   | - |   |   | 406,000 |   |
|  Write                    off of bad debt                               |   |                                                                                   | 44,977                                                                                                                                                                                                                                |         |   | 80,752 |   |   | 403,916 |   |
|  Loss                    on investment value                            |   |                                                                                   | 52,273                                                                                                                                                                                                                                |         |   | 91,506 |   |   | 420,210 |   |
|  Gain                    on accounts payable write-off                  |   |                                                                                   | -                                                                                                                                                                                                                                     |         |   | (39,932 | ) |   | (39,932 | ) |
|  Unearned                    compensation                               |   |                                                                                   | -                                                                                                                                                                                                                                     |         |   | 190,000 |   |   | 190,000 |   |
|  Loss                    on derivative liabilities                      |   |                                                                                   | 205,695                                                                                                                                                                                                                               |         |   | 1,368,627 |   |   | 1,574,322 |   |
|  Contributed                    services                                |   |                                                                                   | 69,471                                                                                                                                                                                                                                |         |   | - |   |   | 69,471 |   |
|                                                                         |   |                                                                                   |                                                                                                                                                                                                                                  |         |   |   |   |   |   |   |
| Changes                    in operating assets and liabilities:              |   |                                                                                   |                                                                                                                                                                                                                                  |         |   |   |   |   |   |   |
| (Increase)                    decrease in Accounts receivable                |   |                                                                                   | 12,300                                                                                                                                                                                                                                |         |   | (12,300 | ) |   | - |   |
|  Increase                    (decrease) in accounts payable             |   |                                                                                   | (54,914                                                                                                                                                                                                                               | )            |   | 29,193 |   |   | (7,205 | ) |
|  Increase                    in accounts payable - related party        |   |                                                                                   | 10,078                                                                                                                                                                                                                                |         |   | 16,419 |   |   | 27,497 |   |
|  Increase                    in interest payable - others               |   |                                                                                   | 8,942                                                                                                                                                                                                                                 |         |   | 38,696 |   |   | 51,656 |   |
|  Increase                    in interest payable - related party        |   |                                                                                   | 44,273                                                                                                                                                                                                                                |         |   | 43,941 |   |   | 95,413 |   |
|  Increase                    in interest payable -                      |   |                                                                                   |                                                                                                                                                                                                                                  |         |   |   |   |   |   |   |
| -                    convertible debentures                                  |   |                                                                                   | 121,781                                                                                                                                                                                                                               |         |   | 1,318 |   |   | 119,080 |   |
|  Increase                    in accrued expenses                        |   |                                                                                   | -                                                                                                                                                                                                                                     |         |   | - |   |   | 38,641 |   |
|  Increase                    in accrued expenses - related party        |   |                                                                                   | -                                                                                                                                                                                                                                     |         |   | - |   |   | 32,000 |   |
|  Increase                    (decrease) in directors’ fee accrued |   |                                                                                   | 48,040                                                                                                                                                                                                                                |         |   | (44,000 | ) |   | 4,040 |   |
|                                                                         |   |                                                                                   |                                                                                                                                                                                                                                  |         |   |   |   |   |   |   |

| Net                    Cash Used in Operating Activities        |   | (365,564 | )       | (335,206     | )      | (734,366     | )      |
|-----------------------------------------------------------------|--------|----------|---------|--------------|--------|--------------|--------|
|                                                            |   |     |    |         |   |         |   |
| CASH                    FLOWS FROM INVESTING ACTIVITIES    |   |     |    |    |   |    |   |
|                                                            |   |     |    |         |   |         |   |
| Increase                    in notes receivable - related party |   |     | (44,977 | )            |   | (80,752      | )      |   | (403,916 | ) |
| Increase                    in investments - related party      |   |     | (52,273 | )            |   | (91,506      | )      |   | (420,210 | ) |
| Decrease                    in deferred acquisition costs       |   |     | -       |         |   | 7,000        |   |   | - |   |
|                                                            |   |     |    |         |   |         |   |   |   |   |
| Net                    Cash Used in Investing Activities        |   |     | (97,250 | )            |   | (165,258     | )      |   | (824,126 | ) |
|                                                            |   |     |    |         |   |         |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES           |   |     |    |         |   |         |   |   |   |   |
|                                                            |   |     |    |         |   |         |   |   |   |   |
| Stock                    issued for cash                        |   |     | -       |         |   | -            |   |   | 50,000 |   |
| Proceeds                    from notes payable                  |   |     | -       |         |   | 500,000      |   |   | 707,500 |   |

| Payments                  on notes payable                   |   |   | (163,750 | )      |   | (5,000  | )      |   | (265,739  | )      |
|--------------------------------------------------------------|--------|--------|----------|--------|--------|---------|--------|--------|-----------|--------|
| Proceeds                  from notes payable - related party |   |   | -        |   |   | 7,107   |   |   | 280,097   |   |
| Payments                  on notes payable - related party   |   |   | -        |   |   | -       |   |   | (24,260   | )      |
| Proceeds                  from convertible debenture         |   |   | 744,479  |   |   | 240,000 |   |   | 1,184,479 |   |
| Payments                  on convertible debenture           |   |   | (168,038 | )      |   | -       |   |   | (168,038  | )      |
|                                                         |   |   |     |   |   |    |   |   |      |   |
| Net                  Cash Provided by Financing Activities   |   | $      | 412,691  |   | $      | 742,107 |   | $      | 1,764,039 |   |

----

**SYNDICATION,      INC. AND SUBSIDIARY**

|                                                          |   |                                               |    |                        |   | From                  Inception           |   |
|---------------------------------------------------------------|--------|----------------------------------------------------|---------|----------------------------------|--------|-------------------------------------------|--------|
|                                                          |   |                                               |    |                        |   | of                  the                   |   |
|                                                          |   |                                               |    |                        |   | Development                               |   |
|                                                          |   |                                               |    |                        |   | Stage                  on                 |   |
|                                                          |   |  For                  the Twelve Months Ended |    | January                  1, 2004 |   |
|                                                          |   | December                  31,                      |    | through                          |   |
|                                                          |   | 2006                                               |    |   2005                 |   | December                    31, 2006 |   |
|                                                          |   |                                               |    |                             |   |                                      |   |
| NET                  INCREASE (DECREASE) IN CASH              |   |                                               | (50,123 | )                                |   | 241,643                                   |   |   | 205,547 |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
| CASH,                  BEGINNING OF PERIOD                    |   |                                               | 255,684 |                             |   | 14,041                                    |   |   | 14 |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
| CASH,                  END OF PERIOD                          |   | $                                                  | 205,561 |                             | $      | 255,684                                   |   | $ | 205,561 |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
| SUPPLEMENTAL                CASH FLOW INFORMATION             |   |                                               |    |                             |   |                                      |   |   |   |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
| Cash                  Payments For:                           |   |                                               |    |                             |   |                                      |   |   |   |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
|  Income                  taxes                           |   | $                                                  | -       |                             | $      | -                                         |   | $ | - |   |
|  Interest                                                |   | $                                                  | -       |                             | $      | -                                         |   | $ | 11,370 |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
| Non-Cash                  Financing Activities                |   |                                               |    |                             |   |                                      |   |   |   |   |
|                                                          |   |                                               |    |                             |   |                                      |   |   |   |   |
|  Common                  stock issued for deferred fees  |   | $                                                  | -       |                             | $      | -                                         |   | $ | 304,000 |   |
|  Common                  stock issued for converting N/P |   | $                                                  | -       |                             | $      | 340,001                                   |   | $ | 340,001 |   |
|  Common                  stock issued for convertible    |   |                                               |    |                             |   |                                      |   |   |   |   |
|  debenture                                               |   | $                                                  | 75,700  |                             | $      | 21,962                                    |   | $ | 97,662 |   |
|  Common                  stock issued for services       |   | $                                                  | 15,500  |                             | $      | 234,982                                   |   | $ | 1,433,232 |   |
|  Forgiveness                  of debt -related party     |   | $                                                  | -       |                             | $      | 24,678                                    |   | $ | 24,678 |   |

----

**SYNDICATION,          INC. AND SUBSIDIARY**

----

|                                               |   | For                  the Years Ended |   |
|----------------------------------------------------|--------|--------------------------------------|--------|
|                                               |   | December                  31,        |   |
|                                               |   | 2006                                 |   |  2005 |   |
|                                               |   |                                 |   |   |   |
| Loss                  from operations              |   | $                                    | (0.01  | ) | $ | (0.11 | ) |
| Loss                  from discontinued operations |   |                                 | (0.00  | ) |   | (0.00 | ) |

| Total                    Income (Loss) Per Share     |   | $      | (0.01       | )      | $      | (0.11      | )      |
|------------------------------------------------------|--------|--------|-------------|--------|--------|------------|--------|
| Weighted                    Average Number of Shares |   |   |        |   |   |       |   |
| Outstanding                                          |   |   | 106,441,480 |   |   | 21,140,178 |   |

----

----

|                                         |   |  2006 |       |  2005   |   |
|----------------------------------------------|--------|------------|------------|--------------|--------|
| Deferred                    tax assets       |   |       |       |    |   |
| NOL                    Carryover             |   | $          | 1,109,400  |         | $      | 800,106 |   |
| Accrued                    expenses          |   |       | 68,800     |         |   | 2,772 |   |
|                                         |   |       |       |         |   |   |   |
| Deferred                    tax liabilities: |   |       | -          |         |   | - |   |
|                                         |   |       |       |         |   |   |   |
| Valuation                    allowance       |   |       | (1,178,200 | )            |   | (802,878 | ) |
|                                         |   |       |       |         |   |   |   |
| Net                    deferred tax asset    |   | $          | -          |         | $      | - |   |

----

|                                                  |   | 2006   |     | 2005   |   |
|-------------------------------------------------------|--------|--------|----------|--------|--------|
|                                                  |   |   |     |   |   |
| Book                    income                        |   | $      | (545,400 | )      | $      | (910,380 | ) |
| Stock                    for services/options expense |   |   | 7,005    |   |   | 533,764 |   |
| Bad                    debt                           |   |   | -        |   |   | 31,493 |   |
| Loss                    on writedown                  |   |   | 20,385   |   |   | 32,553 |   |
| Discount                    debentures                |   |   | 176,300  |   |   | 117,000 |   |
| Contributed                    Services               |   |   | 27,095   |   |   |   |   |
| Derivatives                                           |   |   | 80,220   |   |   |   |   |
| Other                                                 |   |   | 195      |   |   | (9,653 | ) |
| Valuation                    allowance                |   |   | 234,200  |   |   | 205,223 |   |
|                                                  |   |   |     |   |   |   |   |
|                                                  |   | $      | -        |   | $      | - |   |

----

|                                          |   | 2006   |    | 2005   |   |
|-----------------------------------------------|--------|--------|---------|--------|--------|
| January                1st               |   | $      | 60,000  |   | $      | 0 |   |
| New                Debt offering costs   |   |   | 105,521 |   |   | 60,000 |   |
| Accumulated                amortization  |   |   | (48,197 | )      |   | - |   |
|                                          |   |   |    |   |   |   |   |
| December                31st             |   | $      | 117,324 |   | $      | 60,000 |   |

|                                                             |   | 2006   |     | 2005   |   |
|------------------------------------------------------------------|--------|--------|----------|--------|--------|
| January                  1st                                |   | $      | 300,000  |   | $      | 0 |   |
| New                  Convertible Debenture                       |   |   | 850,000  |   |   | 300,000 |   |
| Accumulated                  amortization                   |   |   | (403,854 | )      |   | 0 |   |
|                                                             |   |   |     |   |   |   |   |
| Debt                  discount on December                  31st |   | $      | 746,146  |   | $      | 300,000 |   |

| Property                  and equipment consists of the following at December 31,                  2006: |   |   |   |
|----------------------------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                                     |   |   |   |
| Office                  equipment                                                                        |   | $      | 4,550  |   |
| Accumulated                  depreciation                                                                |   |   | (4,550 | ) |
|                                                                                                     |   |   |   |   |
| Net                  property and equipment                                                              |   | $      | -      |   |

----

| President,                  Mark Solomon;       |   |   | 15,400,000 |   |   | Valued |   | $ | 15,400                  @$0.001 per share on 03/09/07 |   |
|-------------------------------------------------|--------|--------|------------|--------|--------|--------|--------|---|-------------------------------------------------------|--------|
| CEO,                  Brian Sorrentino;         |   |   | 25,800,000 |   |   | Valued |   | $ | 25,800                  @$0.001 per share on 03/09/07 |   |
| CFO,                  Mrutyunjaya Chittavajhula |   |   | 3,420,000  |   |   | Valued |   | $ | 3,420                  @$0.001 per share on 03/09/07  |   |
| BOD,                  Howard Siegal             |   |   | 3,420,000  |   |   | Valued |   | $ | 3,420                  @$0.001 per share on 03/09/07  |   |

| Note                  payable to a related party, due on demand, plus interest |   |   |     |
|--------------------------------------------------------------------------------|--------|--------|----------|
|                                                                           |   |   |     |
| at                  10% per annum, unsecured.                                  |   | $      | 368,937  |   |
| Less:                  Current Portion                                         |   |   | (368,937 | ) |
|                                                                           |   |   |     |   |
| Long-Term                  Notes Payable to Related Parties                    |   | $      | -        |   |

----

| Year                  Ended          |   |         |    |
|--------------------------------------|--------|--------------|---------|
| December                  31,        |   |  Amount |    |
| 2007                                 |   | $            | 368,937 |   |
| 2008                                 |   |         | -       |   |
| 2009                                 |   |         | -       |   |
| 2010                                 |   |         | -       |   |
| 2011                  and thereafter |   |         | -       |   |
| Total                                |   | $            | 368,937 |   |

----

|                                                 |   | Options                       |            |  Options                                        |   |
|------------------------------------------------------|--------|-------------------------------|-----------------|------------------------------------------------------|--------|
|                                                 |   | and                  Warrants |            |                    or                  Warrants |   |
|                                                 |   | Outstanding                   |            |  Price                  Per Share               |   |
| Outstanding                  at January 1, 2005      |   |                          |            |                                                 |   |
| Options                  granted                     |   | -                             |            |  -                                              |   |
| Warrants                  issued (12/30/2005)        |   |                          | 120,000,000     |                                                 | $      | 0.008                  - 0.10 |   |
| Expired                                              |   |                          | -               |                                                 |   | - |   |
| Forfeited                                            |   |                          | -               |                                                 |   | - |   |
| Exercised                                            |   |                          | -               |                                                 |   | - |   |
| **Outstanding                at December, 31, 2006** |   |                          | **120,000,000** |                                                 |   |   |   |

|   |                                                    |   |   | **Outstanding**      |   |   | **Exercisable**                                                                     |
|--------|---------------------------------------------------------|--------|--------|---------------------------|--------|--------|------------------------------------------------------------------------------------------|
|   | **Range                      of****Exercise****Prices** |   |   | **Number****Outstanding** |   |   | **Weighted****Average****Remaining****Contractual****Life                      (years)** |   |   | **Weighted**** Average****Exercise****Price** |   |   | **Number****Exercisable** |   |   | **Weighted****Average****Exercise****Price** |   |
| $      | 0.008                                                   |   |   | 36,000,000                |   |   | 4.00                                                                                     |   | $ | 0.008 |   |   | 36,000,000 |   | $ | 0.008 |   |
|   | 0.01                                                    |   |   | 36,000,000                |   |   | 4.00                                                                                     |   |   | 0.01 |   |   | 36,000,000 |   |   | 0.01 |   |
|   | 0.02                                                    |   |   | 21,000,000                |   |   | 4.00                                                                                     |   |   | 0.02 |   |   | 21,000,000 |   |   | 0.02 |   |
|   | 0.05                                                    |   |   | 16,000,000                |   |   | 4.00                                                                                     |   |   | 0.05 |   |   | 16,000,000 |   |   | 0.05 |   |
|   | 0.10                                                    |   |   | 11,000,000                |   |   | 4.00                                                                                     |   |   | 0.10 |   |   | 11,000,000 |   |   | 0.10 |   |
|   |                                                    |   |   |                      |   |   |                                                                                     |   |   |   |   |   |   |   |   |   |   |
|   |                                                    |   |   |                      |   |   |                                                                                     |   |   |   |   |   |   |   |   |   |   |
| $      | 0.008-0.10                                              |   |   | 120,000,000               |   |   | 4.00                                                                                     |   | $ | 0.574 |   |   | 120,000,000 |   | $ | 0.574 |   |

----

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

**ITEM        8A.**
**CONTROLS        AND PROCEDURES**

**ITEM      8B.**
**OTHER      INFORMATION**

----

**PART      III**

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

| Name                                        |   | Age    |   | Position                                      |
|---------------------------------------------|--------|--------|--------|-----------------------------------------------|
|                                        |   |   |   |                                          |
| Brian                Sorrentino             |   | 49     |   | Acting                Chief Executive Officer |
|                                        |   |   |   |                                          |
| Mrutyunjaya                S. Chittavajhula |   | 46     |   | Chief                Financial Officer        |
|                                        |   |   |   |                                          |
| Mark                Solomon                 |   | 48     |   | President                and Director         |
|                                        |   |   |   |                                          |
| Howard                B. Siegel             |   | 60     |   | Director                                      |

** **

----

**Director      Compensation **

**Audit      Committee**

**Code      of Ethics**

**SECTION      16(A) BENEFICIAL OWNERSHIP COMPLIANCE**

----

**ITEM      10.**
**EXECUTIVE      COMENSATION**

| Name                & Principal Position |   | Year   |   | Salary                ($) |   | Bonus                ($) |   | Stock                Awards($) |   | Option                Awards ($) |   | Non-Equity                Incentive Plan Compensation ($) |   | Change                in                Pension Value                and Non-Qualified Deferred Compensation Earnings ($) |   | All                Other Compensation ($) |   | Total                ($) |   |
|----------------------------------------------|--------|--------|--------|---------------------------|--------|--------------------------|--------|--------------------------------|--------|----------------------------------|--------|-----------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------------------------|--------|
| CEO                                          |   |   | 2006   |                      |   | 139,605                * |   |                           | 0      |                             |   | 25,800                                                    |   |                                                                                                                      | 0      |                                      |   | 0                        |   |   | 0 |   |   | 0 |   |   | 165,405 |   |
| President                                    |   |   | 2006   |                      |   | 0                        |   |                           | 0      |                             |   | 15,400                                                    |   |                                                                                                                      | 0      |                                      |   | 0                        |   |   | 0 |   |   | 0 |   |   | 15,400 |   |
| CFO                                          |   |   | 2006   |                      |   | 51,326                   |   |                           | 0      |                             |   | 3,420                                                     |   |                                                                                                                      | 0      |                                      |   | 0                        |   |   | 0 |   |   | 0 |   |   | 54,746 |   |
| BOD                                          |   |   | 2006   |                      |   | 0                        |   |                           | 0      |                             |   | 3,420                                                     |   |                                                                                                                      | 0      |                                      |   | 0                        |   |   | 0 |   |   | 0 |   |   | 3,420 |   |

**Employment      Agreements **

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

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|                                             |   |   |                                  | Common                Stock           |   | Percentage                of    |   |
|--------------------------------------------------|--------|--------|---------------------------------------|---------------------------------------|--------|---------------------------------|--------|
| Name                of Beneficial Owner          |   | Title  |                                  | Beneficially                Owned (1) |   | Common                Stock (1) |   |
|                                             |   |   |                                  |                                  |   |                            |   |
| Mrutyunjaya                S. Chittavajhula.     |   | CFO    |                                  | 6,420,000                             |   |  2.41                      | %      |
| 1250                24th Street, NW              |   |   |                                  |                                  |   |                            |   |
| Suite                300, Washington, D.C. 20037 |   |   |                                  |                                  |   |                            |   |
|                                             |   |   |                                  |                                  |   |                            |   |
| Mark                Solomon                      |   |   | President                and Director |                                  |   | 25,569,800                      |   |   | 9.58 | % |
| 901                South Federal Highway         |   |   |                                  |                                  |   |                            |   |   |   |   |
| Fort                Lauderdale, Florida 22216    |   |   |                                  |                                  |   |                            |   |   |   |   |
|                                             |   |   |                                  |                                  |   |                            |   |   |   |   |
| Howard                B. Siegel                  |   |   | Director                              |                                  |   | 6,450,000                       |   |   | 2.42 | % |
| 15902                South Barker Landing        |   |   |                                  |                                  |   |                            |   |   |   |   |
| Houston,                Texas 77079              |   |   |                                  |                                  |   |                            |   |   |   |   |
|                                             |   |   |                                  |                                  |   |                            |   |   |   |   |
| Brian                Sorrentino                  |   |   | CEO                and Director       |                                  |   | 46,403,342                      |   |   | 17.39 | % |
| PO                Box 484                        |   |   |                                  |                                  |   |                            |   |   |   |   |
| Damascus,                MD 20872                |   |   |                                  |                                  |   |                            |   |   |   |   |
|                                             |   |   |                                  |                                  |   |                            |   |   |   |   |
| Dale                Hill                         |   |   |                                  |                                  |   | 31,321,194                      |   |   | 11.74 | % |
| 5056                West grove Drive             |   |   |                                  |                                  |   |                            |   |   |   |   |
| Dallas,                Texas 75248               |   |   |                                  |                                  |   |                            |   |   |   |   |
|                                             |   |   |                                  |                                  |   |                            |   |   |   |   |
| All                Directors and Executive       |   |   |                                  |                                  |   |                            |   |   |   |   |
| Officers                as a Group (4)           |   |   |                                  |                                  |   | 116,164,336                     |   |   | 43.53 | % |

**ITEM      12.**
**CERTAIN      RELATIONSHIPS AND RELATED TRANSACTIONS**

----

**ITEM      13.**
**EXHIBITS      **

| 3.1    | Certificate                of Incorporation, filed with the registration statement of Generation                Acquisition Corporation on Form 10-SB (file No. 000-29701) filed                with the                Commission and incorporated herein by reference                                                          |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                             |
| 3.2    | Certificate                of Ownership and Merger previously filed with the Commission as an                exhibit                to a registration statement on Form SB2/A (file no. 333-55534) and                incorporated by reference                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                             |
| 3.3    | By-Laws                of the Company, filed with the registration statement of Generation                Acquisition Corporation on Form 10-SB (file No. 000-29701) filed                with the                Commission and incorporated herein by reference                                                                |
|   |                                                                                                                                                                                                                                                                                                                             |
| 3.4    | Restated                and Amended Bylaws of the Company.                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                             |
| 4.1    | Agreement                and Plan of Reorganization among Generation Acquisition Corporation,                Life2K, Inc., and the shareholders of Life2K, Inc. filed on Form                8-K (file                no. 000-29701) with the Commission on November 6, 2000 and incorporated                herein by reference |

----

| 4.2    | Agreement                and Plan of Merger between Generation Acquisition Corporation and                Life2K                Acquisition Corporation filed on Form 8-K (file no. 000-29701) with                the                Commission on November 6, 2000 and incorporated herein by reference                                                             |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.3    | Consulting                agreement between SyndicationNet.com, Inc. and Tri-State Metro                Territories, LLC dated September 19, 2000, filed with the Commission                as                Exhibit 4.3 in a registration statement on Form SB-2 (file no.                333-55534)filed on February 13, 2001 and incorporated herein by reference |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.4    | Securities                Purchase Agreement, dated June 15, 2004, by and among Syndication                Net.com,                Inc. and Cornell Capital Partners, L.P. (1)                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.5.   | Secured                Convertible Debenture with Cornell Capital Partners, L.P.                (1)                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.6    | Investor                Registration Rights Agreement, dated June 15, 2004, by and among                Syndication Net.com, Inc. and Cornell Capital Partners, L.P. in connection                with the Securities Purchase Agreement. (1)                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.7    | Escrow                Agreement, dated June 15, 2004, by and between Syndication Net.com,                Inc.                and Cornell Capital Partners, L.P. in connection with the Securities                Purchase Agreement. (1)                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.8    | Security                Agreement, dated June 15, 2004, entered into between Syndication                Net.com,                Inc. and Cornell Capital Partners, L.P. in connection with the Securities                Purchase Agreement. (1)                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.9    | Standby                Equity Distribution Agreement, dated June 15, 2004, between Cornell                Capital Partners, L.P. and Syndication Net.com, Inc.                (1)                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.10   | Registration                Rights Agreement, dated June 15, 2004, by and between Syndication                Net.com,                Inc. and Cornell Capital Partners, L.P. in connection with the Standby                Equity Distribution Agreement. (1)                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.11   | Escrow                Agreement, dated June 15, 2004, by and between Syndication Net.com,                Inc.                and Cornell Capital Partners, L.P. in connection with the Standby                Equity                Distribution Agreement. (1)                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.12   | Placement                Agent Agreement, dated June 15, 2004, by and among Syndication Net.com,                Inc., Newbridge Securities Corporation and Cornell Capital Partners,                L.P.                (1)                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.13   | Amendment                No. 1 to the Standby Equity Distribution Agreement dated August 25,                2004                by and between Syndication Net.com, Inc. and Cornell Capital Partners,                L.P. (1)                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.14   | Secured                Convertible Debenture with Cornell Capital Partners, L.P. dated July                9,                2004(1)                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.15   | Securities                Purchase Agreement dated December 30, 2005 by and among the Company                and                Cornell Capital Partners, L.P. (2)                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.16   | Form                of Secured Convertible Debenture dated December 30, 2005.                (2)                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.17   | Form                of Stock Purchase Warrant dated December 30, 2005. (2)                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.18   | Investor                Registration Rights Agreement dated December 30, 2005 by and among                the                Company and Cornell Capital Partners, L.P. (2)                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                  |
| 4.19   | Amended                and Restated Security Agreement dated December 30, 2005 by and among                the                Company and Cornell Capital Partners, L.P.                (2)                                                                                                                                                                           |

----

| 4.20   | Escrow                Agreement dated December 30, 2005 by and among the Company and Cornell                Capital Partners, L.P. (2)                                                                                                                                                                                                                                                  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.21   | Termination                Agreement dated December 30, 2005 by and among the Company and Cornell                Capital Partners, L.P. (2)                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.22   | Amended                and Restated Securities Purchase Agreement dated as of February 3,                2006 by                and among the Company and Cornell Capital Partners, L.P.                (3).                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.23   | Amended                and Restated Investor Registration Rights Agreement dated as of February                3, 2006 by and among the Company and Cornell Capital Partners, L.P.                (3).                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.24   | Second                Amended and Restated Security Agreement dated as of February 3, 2006                by                and among the Company and Cornell Capital Partners, L.P.                (3).                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.25   | Termination                Agreement dated as of February 3, 2006 by and among the Company and                Cornell Capital Partners, L.P. (3).                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.26   | Secured                Convertible Debenture with Cornell Capital Partners, L.P. dated February                3, 2006 (3))                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.1   | Consulting                Agreement between Kemper Pressure Treated Forest Products Inc. and                Source                Management Services filed with the Commission as Exhibit 10.1 in                a                registration statement on Form SB-2 (file no. 333-55534) filed on                October                5, 2001 and incorporated herein by reference |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.2   | Consulting                Agreement between SyndicationNet and HTRG Consulting, Inc. previously                filed with the Commission as an exhibit to a registration statement                on                Form SB2/A (file no. 333-55534) and incorporated by reference                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.3   | Asset                Purchase Agreement between Kemper Pressure Treated Forest Products,                Inc.                and Electric Mills Wood Preserving LLC, previously filed with the                Commission as an exhibit to a registration statement on Form SB2/A                (file                no. 333-55534) and incorporated by reference                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 10.4   | Assignment                of Lease between Kemper Pressure Treated Forest Products, Inc. and                Electric Mills Wood Preserving LLC, previously filed with the Commission                as an exhibit to a registration statement on Form SB2/A (file no.                333-55534) and                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 14.1   | Code                of Ethics and Business Conduct for Officers, Directors and Employees                of                the Company.(1)                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.1   | Certification                by the Chief Executive Officer Pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 31.2   | Certification                by the Chief Financial Officer Pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 32.1   | Certification                by the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350,                as                Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of                2002.                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                    |
| 32.2   | Certification                by the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350,                as                Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of                2002.                                                                                                                                                                      |

----

| (1)    | Filed                as an exhibit to the Form SB-2 Registration Statement file with the                Securities and Exchange Commission on July 7, 2004.                                    |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                           |
| (2)    | Filed                as an exhibit to the Current Report on Form 8-K filed with the Securities                and Exchange Commission on January 5, 2006.                                      |
|   |                                                                                                                                                                                           |
| (3)    | Filed                as an exhibit to the Form SB-2 Registration Statement filed with                the                Securities and Exchange Commission on February 3,                2006. |

**ITEM      14.**
**PRINCIPAL      ACCOUNTANTS FEES AND SERVICES **

**AUDIT      FEES **

**AUDIT      RELATED FEES **

**TAX      FEES **

**OTHER      FEES **

----

**SIGNATURES**

**SYNDICATION,      INC.**

| By:    | /s/Brian                Sorrentino                  |   |
|--------|-----------------------------------------------------|--------|
|   | Brian                Sorrentino                     |   |
|   | CEO                                                 |   |
|   |                                                |   |
| By:    | /s/                Mark Solomon                     |   |
|   | Mark                Solomon                         |   |
|   | President                                           |   |
|   |                                                |   |
| By:    | /s/Mrutyunjaya                S. Chittavajhula.     |   |
|   | Mrutyunjaya                S. Chittavajhula.        |   |
|   | CFO                and Principal Accounting Officer |   |

| SIGNATURE                                       |   | TITLE                                           |   | DATE                          |
|-------------------------------------------------|--------|-------------------------------------------------|--------|-------------------------------|
|                                            |   |                                            |   |                          |
| /s/Brian                Sorrentino              |   | CEO                and Director                 |   | April                __, 2007 |
| Brian                Sorrentino                 |   |                                            |   |                          |
|                                            |   |                                            |   |                          |
| /s/Mrutyunjaya                S. Chittavajhula. |   | CFO                and Chief Accounting Officer |   | April                __, 2007 |
| Mrutyunjaya                S. Chittavajhula.    |   |                                            |   |                          |
|                                            |   |                                            |   |                          |
| /s/Mark                Solomon ______________   |   | President                and Director           |   | April                __, 2007 |
| Mark                Solomon                     |   |                                            |   |                          |
|                                            |   |                                            |   |                          |
| /s/Howard                B. Siegel____________  |   | Director                                        |   | April                __, 2007 |
| Howard                B. Siegel                 |   |                                            |   |                          |

----