----

----

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**AMENDMENT        NO. 1 TO FORM 10-KSB**

| x | ANNUAL                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|--------------------------------------------------------------------------------------------------------------|

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

| o | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|------------------------------------------------------------------------------------------------------------------|

**Commission      File No. 000-51877**

**HSM      Holdings, Inc.**

| **DELAWARE**                                                                                |                                             |
|---------------------------------------------------------------------------------------------|--------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) | (IRS                Employer Identification No.) |
|                                                                                        |                                             |
| **4400                Route 9 South, #1000, Freehold, New Jersey**                          | **07728**                                        |
| (Address                of principal executive offices)                                     | (Zip                Code)                        |

**(732)      446-0546**

| Securities                registered under Section 12(b) of the Exchange Act:   |
|---------------------------------------------------------------------------------|
|                                                                            |   |
| Title                of each class registered:                                  | Name                of each exchange on which registered: |
| **None**                                                                        | **None** |
|                                                                            |
| Securities                registered under Section 12(g) of the Exchange Act:   |
| **Common                Stock, par value $.001**(Title                of class) |

----

**TABLE      OF CONTENTS**

| **PART                  I**   |                                                                                                                    | 1      |
|-------------------------------|-------------------------------------------------------------------------------------------------------------------------|--------|
| ITEM                  1.      | DESCRIPTION                  OF BUSINESS                                                                                | 1      |
| ITEM                  2.      | DESCRIPTION                  OF PROPERTY                                                                                | 2      |
| ITEM                  3.      | LEGAL                  PROCEEDINGS                                                                                      | 2      |
| ITEM                  4.      | SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                    | 2      |
| **PART                  II**  |                                                                                                                    | 2      |
| ITEM                  5.      | MARKET                  FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS                                               | 3      |
| ITEM                  6.      | MANAGEMENT’S                  DISCUSSION OF FINANCIAL CONDITION AND RESULTS OF                  OPERATIONS        | 4      |
| ITEM                  7.      | FINANCIAL                  STATEMENTS AND SUPPLEMENTARY DATA                                                            | F-     |
| ITEM                  8.      | CHANGES                  IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL                  DISCLOSURES | 6      |
| ITEM                  8A.     | CONTROLS                  AND PROCEDURES                                                                                | 6      |
| **PART                  III** |                                                                                                                    | 6      |
| ITEM                  9.      | DIRECTORS                  AND EXECUTIVE OFFICERS OF THE REGISTRANT                                                     | 6      |
| ITEM                  10.     | EXECUTIVE                  COMPENSATION                                                                                 | 7      |
| ITEM                  11.     | SECURITY                  OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                                         | 8      |
| ITEM                  12.     | CERTAIN                  RELATIONSHIPS AND RELATED TRANSACTIONS                                                         | 8      |
| **PART                  IV**  |                                                                                                                    | 9      |
| ITEM                  13.     | EXHIBITS                  LIST AND REPORTS ON FORM 8-K                                                                  | 9      |
| ITEM                  14.     | PRINCIPAL                  ACCOUNTANT FEES AND SERVICES                                                                 | 9      |
| **SIGNATURES**                |                                                                                                                    |   |

----

**PART      I**

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

**General**

| o | As                of September 19, 2006, Anthony Hu was appointed to the Board of Directors                of the Company.                                                                                                                                                                                                   |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o | Michael                Raleigh then resigned as a member of the Company's Board of Directors                and                as the Company's President, Chief Executive Officer, Chief Financial                Officer, Chairman of the Board and Secretary, effective September                19,                2006. |
| o | Also                as of September 19, 2006, Anthony Hu was appointed as the Company's                President, Chief Executive Officer, and Chairman of the Board and                Simone                Crighton was appointed the Company's Chief Financial                Officer.                                   |

**Perceived      Benefits**

| -      | a                  company for which a primary purpose of becoming public is the use                  of its                  securities for the acquisition of assets or businesses;                                                |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                 |
| -      | a                  company which is unable to find an underwriter of its securities                  or is                  unable to find an underwriter of securities on terms acceptable                  to                  it; |
|   |                                                                                                                                                                                                                                 |

----

| -      | a                  company which wishes to become public with less dilution of its                  common                  stock than would occur upon an underwriting;                                                                     |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                         |
| -      | a                  company which believes that it will be able to obtain investment                  capital                  on more favorable terms after it has become public;                                                            |
|   |                                                                                                                                                                                                                                         |
| -      | a                  foreign company which may wish an initial entry into the United                  States                  securities market;                                                                                               |
|   |                                                                                                                                                                                                                                         |
| -      | a                  special situation company, such as a company seeking a public market                  to                  satisfy redemption requirements under a qualified Employee Stock                  Option                  Plan; |
|   |                                                                                                                                                                                                                                         |
| -      | a                  company seeking one or more of the other perceived benefits of                  becoming a                  public company.                                                                                               |

**Potential      Target Companies**

| -      | a                company for which a primary purpose of becoming public is the use                of its                securities for the acquisition of assets or businesses;                                                    |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                               |
| -      | a                company which is unable to find an underwriter of its securities                or is                unable to find an underwriter of securities on terms acceptable to                it;                        |
|   |                                                                                                                                                                                                                               |
| -      | a                company which wishes to become public with less dilution of its common                stock than would occur upon an underwriting;                                                                                |
|   |                                                                                                                                                                                                                               |
| -      | a                company which believes that it will be able to obtain investment                capital                on more favorable terms after it has become public;                                                        |
|   |                                                                                                                                                                                                                               |
| -      | a                foreign company which may wish an initial entry into the United States                securities market;                                                                                                          |
|   |                                                                                                                                                                                                                               |
| -      | a                special situation company, such as a company seeking a public market                to                satisfy redemption requirements under a qualified Employee Stock                Option                Plan; |
|   |                                                                                                                                                                                                                               |
| -      | a                company seeking one or more of the other perceived benefits of becoming                a                public company.                                                                                           |

**Employees**

**ITEM      2.**
**DESCRIPTION      OF PROPERTY**

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

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

----

**PART      II**

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

**No      Public Market for Common Stock**

**Holders**

**Dividends**

**Recent      Sales of Unregistered Securities**

----

**Equity      Compensation Plan Information**

|   |                               | (a)                                                                                                                                      | (b)                                                                                        | (c)                                                                                                                                                                                      |
|--------|------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                               | _________________                                                                                                                        | _________________                                                                          | _________________                                                                                                                                                                        |
|   |                               | Number                of securities to be issued upon exercise of outstanding options,                warrants                and rights | Weighted-average                exercise price of outstanding options, warrants and rights | Number                of securities remaining available for future issuance under equity                compensation plans (excluding securities reflected in column                (a)) |
|   |                               |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | Equity                compensation | None                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | Plans                approved by   |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | Security                holders    |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   |                               |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | Equity                compensation | None                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | Plans                not approved  |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | By                security holders |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |
|   | Total                              |                                                                                                                                     |                                                                                       |                                                                                                                                                                                     |

**ITEM      6.**
**MANAGEMENT’S      DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS**

**Plan      of Operation**

**Results      of Operation**

**Liquidity      and Capital Resources**

----

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

----

**HSM      Holdings, Inc.**

**(a      development stage company)**

**FINANCIAL      STATEMENTS**

**AS      OF DECEMBER 31, 2006**

| FINANCIAL                STATEMENTS                                                                                 | Page                # |
|---------------------------------------------------------------------------------------------------------------------|-----------------------|
|                                                                                                                |                  |
|                                                                                                                |                  |
|                           REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT | F-1                   |
|                                                                                                                |                  |
|                                                                                                                |                  |
| Balance                Sheet                                                                                        | F-2                   |
|                                                                                                                |                  |
|                                                                                                                |                  |
| Statement                of Operations                                                                              | F-3                   |
|                                                                                                                |                  |
|                                                                                                                |                  |
| Statement                of Stockholders Equity                                                                     | F-4                   |
|                                                                                                                |                  |
|                                                                                                                |                  |
| Cash                Flow Statement                                                                                  | F-5                   |
|                                                                                                                |                  |
|                                                                                                                |                  |
| Notes                to the Financial Statements                                                                    | F-6                   |

----

**REPORT        OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT**

----

| **HSM                    Holdings, Inc.**                                                             |   |
|-------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                  |   |
| **BALANCE                    SHEET**                                                                  |   |
| **As                    of December 31, 2006 and December 31, 2005**                                  |   |
|                                                                                                  |   |
| **ASSETS**                                                                                            |   |
|                                                                                                  |   |   |   |   |   |   |
| **CURRENT                    ASSETS**                                                                 |   | **12/31/2006** |   |   | **12/31/2005** |   |
|                                                                                                  |   |   |   |   |   |   |
|     Cash                                                                          |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
|         Total                    Current Assets               |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| **        TOTAL                    ASSETS**                   |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| **LIABILITIES                    AND STOCKHOLDERS' EQUITY**                                           |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| **CURRENT                    LIABILITIES**                                                            |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
|     Accrued                    Expenses                                           |   | $ | 1,750 |   |   | $ | 300 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
|         Total                    Current Liabilities          |   |   | 1,750 |   |   |   | 300 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| **        TOTAL                    LIABILITIES**              |   |   | 1,750 |   |   |   | 300 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
| **STOCKHOLDERS'                    EQUITY**                                                           |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
|     Preferred                    Stock                    - Par value $0.001;     |   |   |   |   |   |   |   |   |
|         Authorized:                    10,000,000             |   |   |   |   |   |   |   |   |
|         None                    issues and outstanding        |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
|     Common                    Stock - Par value $0.001;                           |   |   |   |   |   |   |   |   |
|         Authorized:                    100,000,000            |   |   |   |   |   |   |   |   |
|         Issued                    and Outstanding: 10,000,000 |   |   | 10,000 |   |   |   | 100 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |
|     Additional                    Paid-In Capital                                 |   |   | - |   |   |   | - |   |
|     Accumulated                    Deficit                                        |   |   | (11,750 | ) |   |   | (400 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |
|         Total                    Stockholders' Equity         |   |   | (1,750 | ) |   |   | (300 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |
| **        TOTAL                    LIABILITIES AND EQUITY**   |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |

----

| **HSM                    Holdings, Inc.**                                                             |   |
|-------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                  |   |
| **STATEMENT                    OF OPERATIONS**                                                        |   |
| **For                    the twelve months ending December 31, 2006**                                 |   |
| **The                    23 days ending December 31, 2005 and**                                       |   |
| **From                    inception (December 9, 2005) through December 31,                    2006** |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   | **12                    MONTHS** |   |   | **23                    DAYS** |   |   | **FROM** |   |
|                                                                                                  |   | **ENDING** |   |   | **ENDING** |   |   | **INCEPTION** |   |
|                                                                                                  |   | **12/31/2006** |   |   | **12/31/2005** |   |   | **TO                    12/31/06** |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
| **REVENUE**                                                                                           |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **COST                    OF SERVICES**                                                               |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **GROSS                    PROFIT OR (LOSS)**                                                         |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **GENERAL                    AND ADMINISTRATIVE EXPENSES**                                            |   |   | 11,350 |   |   |   | 400 |   |   |   | 11,750 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **NET                    INCOME (LOSS)**                                                              |   |   | (11,350 | ) |   |   | (400 | ) |   |   | (11,750 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                    DEFICIT, BEGINNING BALANCE**                                         |   |   | (400 | ) |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **ACCUMULATED                    DEFICIT, ENDING BALANCE**                                            |   | $ | (11,750 | ) |   | $ | (400 | ) |   | $ | (11,750 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                    (loss) per share**                                                      |   | $ | (0.004 | ) |   | $ | (0.004 | ) |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted                    average number of common shares**                                       |   |   | 2,707,928 |   |   |   | 100,000 |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **HSM                    Holdings, Inc.**                                                             |   |
|-------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                  |   |
| **STATEMENT                    OF STOCKHOLDERS' EQUITY**                                              |   |
| **From                    inception (December 9, 2005) through December 31,                    2006** |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   | **COMMON** |   |   | **ACCUM.** |   |   | **TOTAL** |   |
|                                                                                                  |   | **SHARES** |   |   | **STOCK** |   |   | **DEFICIT** |   |   | **EQUITY** |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                    issued on acceptance                                                         |   |   | 100,000 |   |   | $ | 100 |   |   |   |   |   | $ | 100 |   |
|      of                    incorporation expenses                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      December                    9, 2005                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Income (Loss)                                                                  |   |   | - |   |   |   | - |   |   |   | (400 | ) |   |   | (400 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    December 31, 2005                                                           |   |   | 100,000 |   |   | $ | 100 |   |   | $ | (400 | ) |   | $ | (300 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                    issued as compensation                                                       |   |   | 9,900,000 |   |   |   | 9,900 |   |   |   |   |   |   |   | 9,900 |   |
|      during                    September 2006                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      for                    $9,900 or $.001 per share                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    Income (Loss)                                                                  |   |   | - |   |   |   | - |   |   |   | (11,350 | ) |   |   | (11,350 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total,                    December 31, 2006                                                           |   |   | 100,000 |   |   | $ | 10,000 |   |   | $ | (11,750 | ) |   | $ | (1,750 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **HSM                    Holdings, Inc.**                                                             |   |
|-------------------------------------------------------------------------------------------------------|--------|
| **(a                    development stage company)**                                                  |   |
| **STATEMENTS                    OF CASH FLOWS**                                                       |   |
| **For                    the twelve months ending December 31, 2006**                                 |   |
| **The                    23 day ending December 31, 2005 and**                                        |   |
| **From                    inception (December 9, 2005) through December 31,                    2006** |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   | **12                    MONTHS** |   |   | **23                    DAYS** |   |   | **FROM** |   |
|                                                                                                  |   | **ENDING** |   |   | **ENDING** |   |   | **INCEPTION** |   |
| **CASH                    FLOWS FROM OPERATING ACTIVITIES**                                           |   | **12/31/2006** |   |   | **12/31/2005** |   |   | **TO                    12/31/06** |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |
|     Net                    income (loss)                                          |   | $ | (11,350 | ) |   | $ | (400 | ) |   | $ | (11,750 | ) |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|     Stock                    issued as compensation                               |   |   | 9,900 |   |   |   | 100 |   |   |   | 10,000 |   |
|     Increase                    (Decrease) in Accrued Expenses                    |   |   | 1,450 |   |   |   | 300 |   |   |   | 1,750 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total                    adjustments to net income    |   |   | 11,350 |   |   |   | 400 |   |   |   | 11,750 |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    cash provided by (used in) operating activities        |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    FLOWS FROM INVESTING ACTIVITIES**                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|     None                                                                          |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    cash flows provided by (used in) investing activities  |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    FLOWS FROM FINANCING ACTIVITIES**                                           |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|     Proceeds                    from                    capital contributions     |   |   | - |   |   |   | - |   |   |   | - |   |
|     Proceeds                    from                    stock issuance            |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    RECONCILIATION**                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|     Net                    increase (decrease) in cash                            |   |   | - |   |   |   | - |   |   |   | - |   |
|     Cash                    -                    beginning balance                |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **CASH                    BALANCE - END OF PERIOD**                                                   |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |

----

**HSM        Holdings, Inc.**

**(a        development stage company)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**HSM        Holdings, Inc.**

**(a        development stage company)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**HSM        Holdings, Inc.**

**(a        development stage company)**

**NOTES        TO FINANCIAL STATEMENTS**

----

**HSM        Holdings, Inc.**

**(a        development stage company)**

**NOTES        TO FINANCIAL STATEMENTS**

----

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

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

**Evaluation      of disclosure controls and procedures **

**Changes      in internal controls**

**PART      III**

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

| Name                           | Age    | Positions                and Offices Held                  |
|--------------------------------|--------|------------------------------------------------------------|
|                           |   |                                                       |
| Anthony                Hu      | 42     | President/Director,                Chief Executive Officer |
|                           |   |                                                       |
| Simone                Crighton | 33     | Chief                Financial Officer                     |

----

**Term      of Office**

**Audit      Committee **

**Certain      Legal Proceedings**

**Compliance      With Section 16(A) Of The Exchange Act.**

**Code      of Ethics**

**ITEM      10.**
**EXECUTIVE      COMPENSATION**

**Compensation      of Executive Officers**

----

**SUMMARY      COMPENSATION TABLE**

| **Name                  and Principal Position**                         |   |   | **Year**  |   |   | **Salary****($)**  |   |   | **Bonus****($)**  |   |   | **Stock                  Awards****($)** |   |   | **Option                  Awards****($)**  |   |   | **Non-Equity                  Incentive Plan Compensation ($)**  |   |   | **Non-Qualified                  Deferred Compensation Earnings****($)**  |   |   | **All                  Other Compensation****($)**  |   | **Totals****($)** |
|--------------------------------------------------------------------------|--------|--------|----------------|--------|--------|-------------------------|--------|--------|------------------------|--------|--------|------------------------------------------|--------|--------|-------------------------------------------------|--------|--------|-----------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------|--------|-------------------|
|                                                                     |   |   |           |   |   |                    |   |   |                   |   |   |                                     |   |   |                                            |   |   |                                                                  |   |   |                                                                           |   |   |                                                     |   |              |
| Anthony                  Hu, President, CEO and Director                 |   |   | 2006           |   | $      | 0                       |   |   | 0                      |   |   | 0                                        |   |   | 0                                               |   |   | 0                                                                     |   |   | 0                                                                              |   |   | 0                                                        | $      | 0                 |
| Simone                  Crighton, CFO                                    |   |   | 2006           |   | $      | 0                       |   |   | 0                      |   |   | 0                                        |   |   | 0                                               |   |   | 0                                                                     |   |   | 0                                                                              |   |   | 0                                                        | $      | 0                 |
| Michael                  RaleighFormer                  President, Chief |   |   | 2006           |   | $      | 0                       |   |   | 0                      |   |   | 0                                        |   |   | 0                                               |   |   | 0                                                                     |   |   | 0                                                                              |   |   | 0                                                        | $      | 0                 |
| Executive                  Officer,                                      |   |   | 2005           |   | $      | 0                       |   |   | 0                      |   |   | 0                                        |   |   | 0                                               |   |   | 0                                                                     |   |   | 0                                                                              |   |   | 0                                                        | $      | 0                 |
| Chief                  Financial Officer                                 |   |   |           |   |   |                    |   |   |                   |   |   |                                     |   |   |                                            |   |   |                                                                  |   |   |                                                                           |   |   |                                                     |   |              |

**Employment      Agreements**

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

| Name                  and Address of Beneficial                  Owner | Amount                  of Beneficial                  Ownership | Percentageof                  Class |
|------------------------------------------------------------------------|------------------------------------------------------------------|-------------------------------------|
|                                                                   |                                                             |                                |
| Anthony                  Hu                             | 8,000,000                                                        | 80%                                 |
|                                                                   |                                                             |                                |
| Simone                  Crighton                                       | 80,000                                                           | .80%                                |
|                                                                   |                                                             |                                |
| Robert                  Young                                          | 1,920,000                                                        | 19.2%                               |
| All                  Executive Officers                                |                                                             |                                |
| and                  Directors as a Group               | 8,080,000                                                        | 80.800%                             |
| (1                  Person)                                            |                                                             |                                |

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

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**PART      IV**

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

| **Method                of Filing**                                                                                                            | **Exhibit                Number** | **Exhibit                Title**                                                                                                                                                            |
|------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                           |                              |                                                                                                                                                                                        |
|                                                                                                                                           |                              |                                                                                                                                                                                        |
| Incorporated                by reference to Exhibit 3.1 to Form 10SB filed on April 3, 2006 (File                No.                000-51879) | 3.1                               | Certificate                of Incorporation of HSM Holdings, Inc.                                                                                                                           |
|                                                                                                                                           |                              |                                                                                                                                                                                        |
| Incorporated                by reference to Exhibit 3.2 to Form 10SB filed on April 3, 2006 (File                No.                000-51879) | 3.2                               | By-Laws                                                                                                                                                                                     |
|                                                                                                                                           |                              |                                                                                                                                                                                        |
|  Filed                herewith                                                                                                            | 14                                | Code                of Ethics                                                                                                                                                               |
|                                                                                                                                           |                              |                                                                                                                                                                                        |
|                                                                                                                                           | 31.1                              | Certification                of Anthony Hu pursuant                to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002.      |
| Filed                herewith                                                                                                                  | 31.2                              | Certification                of Simone Crighton pursuant to 18 U.S.C. Section 1350 as adopted                pursuant                to Section 302 of the Sarbanes-Oxley Act of 2002.      |
|                                                                                                                                           |                              |                                                                                                                                                                                        |
|  Filed                herwith                                                                                                             | 32.1                              | Certification                of Anthony Hu pursuant                to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002.      |
|                                                                                                                                           |                              |                                                                                                                                                                                        |
| Filed                herewith                                                                                                                  | 32,2                              | Certification                of Simone Crighton pursuant                to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002. |

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

**Audit      Fees**

**Tax      Fees**

**All      Other Fees**

----

**SIGNATURES**

**HSM      Holdings, Inc.**

| By:    | /s*/                Anthony Hu*        |
|--------|----------------------------------------|
|   | Chief                Executive Officer |

| Dated: | August                  8, 2007 |
|--------|---------------------------------|

| **Name**                                                                                                                                     | **Title**                                | **Date**                        |
|---------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------|---------------------------------|
| */s/                  Anthony Hu            * Anthony                  Hu   | Chief                  Executive Officer | August                  8, 2007 |