UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-K





(Mark
One)




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




For
the fiscal year ended December 31, 2008




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




For the
transition period from ___________ to ___________




Commission File No.
000-51879





Standard
Mobile, Inc.


(Name
of small business issuer in its charter)




DELAWARE
                22-3662292(State
      or other jurisdiction of
                  incorporation
      or organization)
                (IRS
      Employer Identification No.)16870
      Valley View Avenue
                90638(Address
      of principal executive offices)
                (Zip
      Code)




(714)
994-1400


(Registrant’s
telephone number, including area code)




Securities
      registered under Section 12(b) of the Exchange Act:Title
      of each class registered:
              Name
      of each exchange on which registered:None
              NoneSecurities
      registered under Section 12(g) of the Exchange Act:Common
      Stock, par value $0.001
                (Title
      of class)




Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in
Rule 405 of the Securities Act.       
Yes o    No x




Indicate
by check mark if the registrant is not required to file reports pursuant to
Section 13 or Section 15(d) of the Act.    Yes o     No x




Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. Yes x No o




Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not
be contained, to the best of registrant’s knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K.   o














Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.




Large
      accelerated filer
            o
            
            Accelerated
      filer
            oNon-accelerated
      filer
              (Do
      not check if a smaller reporting company)
            o
            
            Smaller
      reporting company
            x




Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act). Yes x   No
o




Revenues
for year ended December 31, 2008: $30,599,493




The
aggregate market value of the registrant’s voting common stock held by
non-affiliates as of December 31, 2008 based upon the closing price reported for
such date on the OTC Bulletin Board was US$_____.





As of
April 3, 2009, the registrant had 8,080,000 shares of its common stock
outstanding.





Documents Incorporated by
Reference: None.









TABLE
OF CONTENTS





PAGEPART
      IITEM
      1.
                                
                                Business
                                
                                1ITEM
      1A.
                                
                                Risk Factors
                                
                                2ITEM
      2.
                                
                                Properties
                                
                                2ITEM
      3.
                                
                                Legal Proceedings
                                
                                2ITEM
      4.
                                
                                Submission of Matters to a Vote of Security
      Holders
                                
                                2PART
      IIITEM
      5.
                                
                                Market for Registrant’s Common
      Equity, Related Stockholder Matters and Issuer Purchases of Equity
      Securities
                                
                                2ITEM
      6.
                                
                                Selected Financial Data
                                
                                3ITEM
      7.
                                
                                Management’s Discussion
      and Analysis of Financial Condition and Results of
      Operation
                                
                                3ITEM
      7A.
                                
                                Quantitative and Qualitative Disclosures About Market
      Risk
                                
                                6ITEM
      8.
                                
                                Financial Statements and Supplementary
      Data
                                
                                F-ITEM
      9.
                                
                                Changes in and Disagreements with Accountants on
      Accounting and Financial Disclosure
                                
                                7ITEM
      9A(T).
                                
                                Controls and Procedures
                                
                                7ITEM
      9B.
                                
                                OtherInformationPART
      IIIITEM
      10.
                                
                                Directors, Executive Officers and Corporate
      Governance
                                
                                7ITEM
      11.
                                
                                Executive Compensation
                                
                                9ITEM
      12.
                                
                                Security Ownership of Certain Beneficial Owners
      and Management and Related
      Stockholder Matters
                                
                                9ITEM
      13.
                                
                                Certain Relationships and Related Transactions,
      and Director Independence
                                
                                10ITEM
      14.
                                
                                Principal Accounting Fees and
      Services
                                
                                10PART
      IVITEM
      15.
                                
                                Exhibits, Financial Statement
      Schedules
                                
                                10SIGNATURES
                                
                                11














PART
I







ITEM 1.      BUSINESS




DESCRIPTION OF BUSINESS





4303, Inc. was incorporated on December 9, 2005 under the laws of the
State of Delaware to engage in any lawful corporate undertaking, including, but
not limited to, selected mergers and acquisitions. We have been in the
developmental stage since inception and have no operations to date other than
issuing shares to our original shareholder.  4303, Inc. subsequently
changed its name to Thermal Technology Services, Inc.





On
October 22, 2007, the Company entered into a Stock Purchase Agreement with
Boosik Kim for the purchase of all of the issued and outstanding shares of the
Company from Michael Raleigh, the sole officer and director of the
Company.  Pursuant to this Agreement, Mr. Raleigh resigned as the
Company’s sole officer and director and Mr. Lee was appointed the Company’s
Chairman and President.  In addition, the Company changed its name to
Standard Mobile, Inc. and amended its business plan to focus on the sale and
distribution of cellular phones and other telecommunications devices including
VoIP products.





Business
Development





We were
founded December 9, 2005 by Michael Raleigh.  On October 22, 2007, all of
the issued and outstanding shares were purchased by Mr. Boosik Kim who became
the Company’s Chairman and President and amended its business plan to focus its
operations on the sale and distribution of cellular phones and VoIP
telecommunications equipment.  We have changed our name to Standard Mobile,
Inc. (“Standard Mobile”) to better reflect our new business plan.





Standard
Mobile has only recently begun to operate as a seller and distributor of
cellular phones and VoIP telecommunications equipment and has not generated any
revenue.





The
Company has not been involved in any bankruptcy, receivership or similar
proceeding at any time during its corporate existence.  The only
material reclassification, merger, consolidation, or purchase or sale of
significant assets was the purchase of 100% of the issued and outstanding shares
of common stock by Mr. Boosik Kim from Michael Raleigh pursuant to the Stock
Purchase Agreement, as described above.





Business
of Issuer





Standard
Mobile is a sales business that intends to sell cellular phones and VoIP
products to retailers.  Almost 50% of our market is in California and
we hope to expand our presence throughout the United States and
globally.





Products


We sell
and distribute wireless telecommunication products, VoIP products and our
distribution services include the purchasing, selling, warehousing, programming,
packing, shipping, and delivery of handsets for wireless telecommunications and
VoIP products from manufacturers to agents, resellers, distributors, independent
dealers and retailers in the United States.





Competitors


We
compete for sales and distribution of wireless telecommunications equipment and
accessories with numerous well-established wireless network operators,
distributors and manufacturers, including our own suppliers. Our competitors in
the United States include such companies as BrightPoint, Inc., Bright Star,
Inc., and Infosonic, Inc. The wireless telecommunications industry is intensely
competitive and we may not be able to continue to compete successfully in this
industry.




Raw
Materials


The
Company’s business does not depend on raw materials in order to provide its
services.





Customers


Standard
Mobile seeks to develop a large customer base and sell to various
retailers, network operators, and distributors.  The Company will
not rely on any one customer or client to support its business
operations.





Patents


At this
point, Standard Mobile does not possess nor does it intend to possess any
patents, trademarks, licenses, franchises, concessions, royalty agreements or
any labor contracts.  In addition, Standard Mobile does not see a need
for government approval of its business operations and does not expect the
government to begin regulating this industry.  Standard Mobile does
not expect to incur any costs of compliance with environmental laws or
regulations.




1




Employees


Standard
Mobile is currently in its initial business stage and, therefore, does not have
any employees other than Mr. Lee.  As the business grows, the Company
will need to hire a sales force and other employees to manage its operations
and develop its customer base.





Use
of Financing





Standard
Mobile will use the funds raised to continue to fund operations and expand
its customer base.  Because Standard Mobile does not currently have
sufficient revenues to continue to fund operations, we will rely on the funds
raised to continue to operate throughout the next 12 months.





Revenue
Sources





Currently,
we do not have any revenues; however, we expect to derive revenue from the sale
of cellular phones and VoIP telecommunication equipment to retail stores and
distributors of cellular products.





ITEM
1A. RISK FACTORS





Not
applicable to smaller reporting companies.





ITEM 2.    PROPERTIES





We
presently maintain our principal offices at 16870 Valley View Road, La Mirada,
California 90638. Our telephone number is (714)670-7868.





ITEM 3.    LEGAL PROCEEDINGS





There are
no pending legal proceedings to which the Company is a party or in which any
director, officer or affiliate of the Company, any owner of record or
beneficially of more than 5% of any class of voting securities of the Company,
or security holder is a party adverse to the Company or has a material interest
adverse to the Company. The Company’s property is not the subject of any pending
legal proceedings.





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





During
April 2008, the Company reissued 532,388 shares of common stock owned by Mr. Won
Bum Lee to 9 shareholders.





During
April 2008, the Company issued 100,000 shares of common stock to 4 shareholders
as compensation for services rendered in the amount of $5,000, or $0.05 per
share. These shares were issued in reliance on the exemption under Section 4(2)
of the Securities Act of 1933, as amended (the ‘Act’).





During
April 2008, the Company undertook a 10-for-1 forward stock split of the
Corporation’s issued and outstanding shares.








PART
II





ITEM
5.   MARKET FOR REGISTRANTS COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES





Public Market for Common
Stock





Our
common stock has been quoted on the OTC Bulletin Board under the symbol
"SDML.OB" since February 19, 2008.   We were cleared to trade on the
OTC Bulletin Board with an initial quote of $0.45 Bid and $0.55
Ask.




2





The
Securities and Exchange Commission has adopted Rule 15g-9 which establishes the
definition of a “penny stock,” for purposes relevant to us, as any equity
security that has a market price of less than $5.00 per share or with an
exercise price of less than $5.00 per share, subject to certain exceptions. For
any transaction involving a penny stock, unless exempt, the rules require: (i)
that a broker or dealer approve a person’s account for transactions in penny
stocks and (ii) the broker or dealer receive from the investor a written
agreement to the transaction, setting forth the identity and quantity of the
penny stock to be purchased. In order to approve a person’s account for
transactions in penny stocks, the broker or dealer must (i) obtain financial
information and investment experience and objectives of the person; and
(ii) make a reasonable determination that the transactions in penny stocks are
suitable for that person and that person has sufficient knowledge and experience
in financial matters to be capable of evaluating the risks of transactions in
penny stocks. The broker or dealer must also deliver, prior to any transaction
in a penny stock, a disclosure schedule prepared by the Commission relating to
the penny stock market, which, in highlight form, (i) sets forth the basis on
which the broker or dealer made the suitability determination and (ii) that the
broker or dealer received a signed, written agreement from the investor prior to
the transaction. Disclosure also has to be made about the risks of investing in
penny stocks in both public offerings and in secondary trading, and about
commissions payable to both the broker-dealer and the registered representative,
current quotations for the securities and the rights and remedies available to
an investor in cases of fraud in penny stock transactions. Finally, monthly
statements have to be sent disclosing recent price information for the penny
stock held in the account and information on the limited market in penny
stocks.





Holders





As of
December 31, 2008, 8,080,000 shares of common stock are issued and
outstanding.  There are approximately 40 shareholders of our common
stock and each shareholder of our common stock is entitled to one vote for each
share on all matters submitted to a stockholder vote.





Holders
of common stock do not have cumulative voting rights.





Therefore,
holders of a majority of the shares of common stock voting for the election of
directors can elect all of the directors. Holders of our common stock
representing a majority of the voting power of our capital stock issued and
outstanding and entitled to vote, represented in person or by proxy, are
necessary to constitute a quorum at any meeting of our stockholders. A vote by
the holders of a majority of our outstanding shares is required to effectuate
certain fundamental corporate changes such as liquidation, merger or an
amendment to our Articles of Incorporation.





Although
there are no provisions in our charter or by-laws that may delay, defer or
prevent a change in control, we are authorized, without shareholder approval, to
issue shares of preferred stock that may contain rights or restrictions that
could have this effect.




Holders
of common stock are entitled to share in all dividends that the board of
directors, in its discretion, declares from legally available funds. In the
event of liquidation, dissolution or winding up, each outstanding share entitles
its holder to participate pro rata in all assets that remain after payment of
liabilities and after providing for each class of stock, if any, having
preference over the common stock. Holders of our common stock have no
pre-emptive rights, no conversion rights and there are no redemption provisions
applicable to our common stock.





Dividends





Since
inception we have not paid any dividends on our common stock. We currently do
not anticipate paying any cash dividends in the foreseeable future on our common
stock, when issued pursuant to this offering. Although we intend to retain our
earnings, if any, to finance the exploration and growth of our business, our
Board of Directors will have the discretion to declare and pay dividends in the
future.





Payment
of dividends in the future will depend upon our earnings, capital requirements,
and other factors, which our Board of Directors may deem relevant.





Recent Sales of Unregistered
Securities





None.




Equity Compensation Plan
Information




The
following table sets forth certain information as of April 3, 2009, with respect
to compensation plans under which our equity securities are authorized for
issuance:




3




(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
                      NonePlans
      approved bySecurity
      holdersEquity
      compensation
                      NonePlans
      not approvedBy
      security holdersTotal





ITEM
6.    SELECTED FIANANCIAL DATA




Not
applicable because we are a smaller reporting company.





ITEM 7.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS.





The
following discussion should be read in conjunction with the Consolidated
Financial Statements and Notes thereto appearing elsewhere in this Form 10-K.
The following discussion contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 relating to future events or our future performance. Actual
results may materially differ from those projected in the forward-looking
statements as a result of certain risks and uncertainties set forth in this
prospectus. Although management believes that the assumptions made and
expectations reflected in the forward-looking statements are reasonable, there
is no assurance that the underlying assumptions will, in fact, prove to be
correct or that actual results will not be different from expectations expressed
in this report.





Our Business





We were
founded December 9, 2005 by Michael Raleigh.  On October 22, 2007, all
of the issued and outstanding shares were purchased by Mr. Won Bum Lee who
became the Company’s Chairman and President and amended its business plan and
began to focus its operations on the sale of cellular products, including
cellular phones and VoIP telecommunications products.  We have changed
our name to Standard Mobile, Inc. (“Standard Mobile”) to better reflect our new
business plan.





On
October 22, 2007 (the "Effective Date"), pursuant to the terms of a Stock
Purchase Agreement, Won Bum Lee purchased a total of 100,000 shares of issued
and outstanding common stock of Thermal Technology Services, Inc. (the
"Company") from Michael Raleigh, the sole officer, director and shareholder of
the Company, for an aggregate of $32,500 in cash.  The total of
100,000 shares represented all of the shares of outstanding common stock of the
Company at the time of transfer.  Mr. Lee used private funds to
purchase the shares of the Company.  As part of the acquisition, and
pursuant to the Stock Purchase Agreement, the following changes to the Company's
directors and officers have occurred:




O
            As
      of October 22, 2007 Won Bum Lee was appointed as the Company's President,
      Chief Executive Officer, Chief Financial Officer, Chairman of the Board
      and Secretary.





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 October 22,
      2007





O
            The
      Company changed its name to Standard Mobile,
  Inc.





The
Company does not expect any significant purchases or sale of equipment over the
next twelve months nor does it expect a change in the number of
employees.




Plan of
Operation





During
the next twelve months, we expect to take grow our sales leads and establish
business relationships and sales contacts in an effort to develop our business
and the implementation of our plan of operations.





To date,
we have provided for our cash requirements through an initial capital
contribution by our officer and director, as well as a private placement of
securities to certain investors.  We received gross proceeds of
approximately $54,000 from these activities which we have used for general
working capital purposes. We anticipate that additional funding will be required
in the form of equity financing from the sale of our common stock and from loans
from our directors. However, we cannot provide investors with any assurance that
we will be able to raise sufficient funding from the sale of our common stock to
fund all of our anticipated expenses.  We do not have any
arrangements in place for any future equity financing.




4





We have
not incurred any research or development expenditures since our
incorporation.





We do not
have plans to purchase or sell plant and significant
equipment.





We have
no employees as of the date of this annual report
other than our director.





In the
next 12 months, we anticipate spending an additional $15,000 on administrative
expenses, including fees payable in connection with the filing of this
registration statement and complying with reporting obligations.




Results of
Operation





As of the
year ended December 31, 2008, we had cash on hand of $2,522 and our total assets
were $34,119 while our total liabilities were $241,275.  We
had shareholders’ deficit of ($207,156).




For the
year ended December 31, 2008, we have a net loss of $265,970 compared to $5,780
in 2007. Our auditor has expressed doubt as to whether we will be able to
continue to operate as a “going concern” due to the fact that the company has
had minimal revenues since 2006 and will need to raise capital to further its
operations. We believe we can satisfy our cash requirements to continue to
operate over the next twelve months even if we are unable to obtain additional
funding or our revenues do not significantly improve. However, we will need to
raise additional funds or generate revenues to pursue our plan of operations.
There is no guarantee that we will be able to raise additional funds and if we
are unsuccessful in raising the funds, we may be forced to close our business
operations.




Liquidity
and Capital Resources





As of
December 31, 2008, we had cash of $2,522.  We believe we can satisfy
our cash requirements for the next twelve months with our current cash based
upon a reduced budget for our plan of operations. However, completion of our
plan of operation is subject to attaining adequate revenue. We cannot
assure investors that adequate revenues will be generated since we have no
contractual rights for projected revenues. In the absence of our projected
revenues, we may be unable to proceed with completing our plan of operations.
However, even without adequate revenues within the next twelve months, we still
anticipate being able to continue our present activities but we will
require financing to potentially achieve our profit, revenue, and growth
goals.





Critical Accounting
Policies




The
Company’s financial statements and related public financial information are
based on the application of accounting principles generally accepted in the
United States (“GAAP”). GAAP requires the use of estimates; assumptions,
judgments and subjective interpretations of accounting principles that have an
impact on the assets, liabilities, revenue and expense amounts reported. These
estimates can also affect supplemental information contained in our external
disclosures including information regarding contingencies, risk and financial
condition. We believe our use of estimates and underlying accounting assumptions
adhere to GAAP and are consistently and conservatively applied. We base our
estimates on historical experience and on various other assumptions that we
believe to be reasonable under the circumstances. Actual results may differ
materially from these estimates under different assumptions or conditions. We
continue to monitor significant estimates made during the preparation of our
financial statements.




While all
these significant accounting policies impact its financial condition and results
of operations, we view certain of these policies as critical. Policies
determined to be critical are those policies that have the most significant
impact on our consolidated financial statements and require management to use a
greater degree of judgment and estimates. Actual results may differ from those
estimates. Our management believes that given current facts and circumstances,
it is unlikely that applying any other reasonable judgments or estimate
methodologies would cause effect on our results of operations, financial
position or liquidity for the periods presented in this report.




Recent
Pronouncements





In
February 2007, the Financial Accounting Standards Board (FASB) issued SFAS No.
159, “The Fair Value Option
for Financial Assets and Financial Liabilities – Including an Amendment of FASB
Statement No. 115”.  This statement permits entities to choose
to measure many financial instruments and certain other items at fair
value.  Most of the provisions of SFAS No. 159 apply only to entities
that elect the fair value option.  However, the amendment to SFAS No.
115 “Accounting for Certain
Investments in Debt and Equity Securities” applies to all entities with
available-for-sale and trading securities. SFAS No. 159 is effective as of the
beginning of an entity’s first fiscal year that begins after November 15, 2007.
Early adoption is permitted as of the beginning of a fiscal year that begins on
or before November 15, 2007, provided the entity also elects to apply the
provision of SFAS No. 157, “Fair Value Measurements”. The
adoption of this statement is not expected to have a material effect on the
Company's financial statements.






5





In
December 2007, the Financial Accounting Standards Board (FASB) issued SFAS No.
160, “Noncontrolling Interests
in Consolidated Financial Statements – an amendment of ARB No. 51”. This
statement improves the relevance, comparability, and transparency of the
financial information that a reporting entity provides in its consolidated
financial statements by establishing accounting and reporting standards that
require; the ownership interests in subsidiaries held by parties other than the
parent and the amount of consolidated net income attributable to the parent and
to the non-controlling interest be clearly identified and presented on the face
of the consolidated statement of income, changes in a parent’s ownership
interest while the parent retains its controlling financial interest in its
subsidiary be accounted for consistently, when a subsidiary is deconsolidated,
any retained non-controlling equity investment in the former subsidiary be
initially measured at fair value, entities provide sufficient disclosures that
clearly identify and distinguish between the interests of the parent and the
interests of the non-controlling owners. SFAS No. 160 affects those entities
that have an outstanding non-controlling interest in one or more subsidiaries or
that deconsolidate a subsidiary. SFAS No. 160 is effective for fiscal years, and
interim periods within those fiscal years, beginning on or after December 15,
2008. Early adoption is prohibited. The adoption of this statement is not
expected to have a material effect on the Company's financial
statements.





On March
19, 2008, the Financial Accounting Standards Board (FASB) issued SFAS No. 161,
Disclosures about Derivative
Instruments and Hedging Activities, an Amendment of FASB Statement No.
133 (“SFAS 161”).  SFAS 161 is intended to improve transparency
in financial reporting by requiring enhanced disclosures of an entity’s
derivative instruments and hedging activities and their effects on the entity’s
financial position, financial performance and cash flows.  SFAS 161
was issued in response to constituents’ concerns regarding the adequacy of
existing disclosures of derivative instruments and hedging
activities.  SFAS 161 applies to all derivative instruments within the
scope of SFAS No. 133, Accounting for Derivative
Instruments and Hedging Activities (“SFAS 133”).  It also
applies to non-derivative hedging instruments and all hedged items designated
and qualifying as hedges under SFAS 133.




Off-Balance Sheet
Arrangements





We do not
have any off-balance sheet arrangements, financings, or other relationships with
unconsolidated entities or other persons, also known as “special purpose
entities” (SPEs).




ITEM 7A. QUANTITIATIVE AND QUALITATIVE DISCLOUSURES ABOUT MARKET
RISK





Not
applicable because we are a smaller reporting company.




6




ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY
DATA.




STANDARD
MOBILE, INC.
 (a
development stage company)
 
 FINANCIAL
STATEMENTS
 
 As
of December 31, 2008 and 2007
 
 
 
 
 
 
 
 
 
 
 
 
 
   Financial
Statements Table of Contents
 
   FINANCIAL
      STATEMENTS
                                      Page
      #Report
      of Independent Registered Public Accountant
                                      F-1Balance
      Sheet
                                      F-2Statement of
      Operations and Retained Deficit
                                      F-3Statement of
      Stockholders Equity
                                      F-4Cash
      Flow Statement
                                      F-5Notes
      to the Financial Statements
                                      F-6
 
 
 
 
 
  Report
of Independent Registered Public Accounting Firm
  
 To the
Board of Director and shareholders
  We have
audited the accompanying balance sheet of Standard Mobile, Inc. as of December
31, 2008 and 2007 and the related statement of operations, stockholders’ equity,
and cash flows for the twelve months ended December 31, 2008 and 2007 and from
inception (December 9, 2005) through the year then ended December 31, 2008.
These financial statements are the responsibility of company’s management. Our
responsibility is to express an opinion on these financial statements based on
our audit.
  We
conducted our audit in accordance with standards of The Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statements presentation. We believe that our audit provides a
reasonable basis for our opinion.
  In our
opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Standard Mobile, Inc. at December
31, 2008 and 2007 and the results of its operations and its cash flows for the
twelve months ended December 31, 2008 and 2007 and from inception (December 9,
2005) through December 31, 2008 in conformity with U.S. Generally Accepted
Accounting Principles.
  The
accompanying financial statements have been prepared assuming that the Company
will continue as a going concern. The Company has suffered losses from
operations and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern. The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.
   Gately
& Associates, L.L.C.
 Lake
Mary, FL
 January
14, 2009
 
 
 F-1
 STANDARD
      MOBILE, INC.(a
      development stage company)BALANCE
      SHEETAs
      of December 31, 2008 and 2007ASSETSCURRENT ASSETS
                                    
                                    12/31/2008
                                    
                                    
                                    12/31/2007Cash
                                    
                                    $
                                    2,522
                                    
                                    
                                    $
                                    12,600Total
      Current Assets
                                    
                                    
                                    2,522
                                    
                                    
                                    
                                    12,600FIXED ASSETSFurniture
                                    
                                    
                                    28,000
                                    
                                    
                                    
                                    -Office
      Equipment
                                    
                                    
                                    17,500
                                    
                                    
                                    
                                    -Accumulated
      Depreciation
                                    
                                    
                                    (13,903
                                    )
                                    
                                    
                                    -Total
      Fixed Assets
                                    
                                    
                                    31,597
                                    
                                    
                                    
                                    -TOTAL
      ASSETS
                                    
                                    $
                                    34,119
                                    
                                    
                                    $
                                    12,600LIABILITIES AND STOCKHOLDERS'
      EQUITYCURRENT LIABILITIESAccrued
      Expenses
                                    
                                    $
                                    5,275
                                    
                                    
                                    $
                                    5,250Notes
      Payable
                                    
                                    
                                    236,000
                                    
                                    
                                    
                                    12,600Total
      Current Liabilities
                                    
                                    
                                    241,275
                                    
                                    
                                    
                                    17,850TOTAL
      LIABILITIES
                                    
                                    $
                                    241,275
                                    
                                    
                                    $
                                    17,850STOCKHOLDERS' EQUITYPreferred
      Stock - Par value $0.001;Authorized:
      10,000,000None
      issues and outstanding
                                    
                                    $
                                    -
                                    
                                    
                                    $
                                    -Common
      Stock - Par value $0.001;Authorized:
      100,000,000Issued
      and Outstanding: 8,080,000 and 7,080,000
                                    
                                    
                                    2,680
                                    
                                    
                                    
                                    1,680Additional
      Paid-In Capital
                                    
                                    
                                    63,764
                                    
                                    
                                    
                                    54,700Stock
      subscription receivable
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (54,000
                                    )Accumulated
      Deficit
                                    
                                    
                                    (273,600
                                    )
                                    
                                    
                                    (7,630
                                    )Total
      Stockholders' Equity (Deficit)
                                    
                                    
                                    (207,156
                                    )
                                    
                                    
                                    (5,250
                                    )TOTAL
      LIABILITIES AND EQUITY
                                    
                                    $
                                    34,119
                                    
                                    
                                    $
                                    12,600
   The
accompanying notes are an integral part of these financial
statements.
 F-2
  STANDARD
      MOBILE, INC.(a
      development stage company)STATEMENT
      OF OPERATIONSFor
      the twelve months ending December 31, 2008 and 2007from
      inception (December 9, 2005) through December 31, 200812
      MONTHS
                                                    
                                                    
                                                    12
      MONTHS
                                                    
                                                    
                                                    FROMENDING
                                                    
                                                    
                                                    ENDING
                                                    
                                                    
                                                    INCEPTION12/31/2008
                                                    
                                                    
                                                    12/31/2007
                                                    
                                                    
                                                    TO
      12/31/08REVENUE
                                                    
                                                    $
                                                    -
                                                    
                                                    
                                                    $
                                                    -
                                                    
                                                    
                                                    $
                                                    -COST OF SERVICES
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -GROSS PROFIT OR (LOSS)
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    -GENERAL AND ADMINISTRATIVE
      EXPENSES
                                                    
                                                    
                                                    102,944
                                                    
                                                    
                                                    
                                                    5,765
                                                    
                                                    
                                                    
                                                    110,559RESEARCH & DEVELOPMENT
                                                    
                                                    
                                                    157,962
                                                    
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    
                                                    157,962OPERATING INCOME
                                                    
                                                    
                                                    (260,906
                                                    )
                                                    
                                                    
                                                    (5,765
                                                    )
                                                    
                                                    
                                                    (268,521
                                                    )INTEREST EXPENCE
                                                    
                                                    
                                                    5,064
                                                    
                                                    
                                                    
                                                    15
                                                    
                                                    
                                                    
                                                    5,079NET INCOME
                                                    
                                                    
                                                    (265,970
                                                    )
                                                    
                                                    
                                                    (5,780
                                                    )
                                                    
                                                    
                                                    (273,600
                                                    )ACCUMULATED DEFICIT, BEGINNING
      BALANCE
                                                    
                                                    
                                                    (7,630
                                                    )
                                                    
                                                    
                                                    (1,850
                                                    )
                                                    
                                                    
                                                    -ACCUMULATED DEFICIT, ENDING
      BALANCE
                                                    
                                                    $
                                                    (273,600
                                                    )
                                                    
                                                    $
                                                    (7,630
                                                    )
                                                    
                                                    $
                                                    (273,600
                                                    )Earnings (loss) per share
                                                    
                                                    $
                                                    (0.034
                                                    )
                                                    
                                                    $
                                                    (0.004
                                                    )
                                                    
                                                    $
                                                    (0.081
                                                    )(10 for 1 forward stock split retroactivly
      applied)Weighted average number of common
      shares
                                                    
                                                    
                                                    7,787,650
                                                    
                                                    
                                                    
                                                    1,443,507
                                                    
                                                    
                                                    
                                                    3,366,869
  The
accompanying notes are an integral part of these financial
statements.
 F-3
   STANDARD
      MOBILE, INC.(a
      development stage company)STATEMENT
      OF STOCKHOLDERS' EQUITYFrom
      inception (December 9, 2005) through December 31, 2008COMMON
                      
                      
                      Paid-In
                      
                      
                      ACCUM.
                      
                      
                      TOTALSHARES
                      
                      
                      STOCK
                      
                      
                      Capital
                      
                      
                      DEFICIT
                      
                      
                      EQUITYStock
      issued on acceptance
                      
                      
                      1,000,000
                      
                      
                      $
                      100
                      
                      
                      $
                      -
                      
                      
                      $
                      -
                      
                      
                      $
                      100of
      incorporation expensesDecember
      9, 2005Net
      Income (Loss)
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (400
                      )
                      
                      
                      (400
                      )Total,
      December 31, 2005
                      
                      
                      1,000,000
                      
                      
                      $
                      100
                      
                      
                      $
                      -
                      
                      
                      $
                      (400
                      )
                      
                      $
                      (300
                      )Net
      Income (Loss)
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (1,450
                      )
                      
                      
                      (1,450
                      )Total,
      December 31, 2006
                      
                      
                      1,000,000
                      
                      
                      $
                      100
                      
                      
                      $
                      -
                      
                      
                      $
                      (1,850
                      )
                      
                      $
                      (1,750
                      )Stock
      issued as compensationat
      $0.001 per share onDecember
      1, 2007
                      
                      
                      5,000,000
                      
                      
                      
                      500
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      500Stock
      issued at $0.50 pershare
      on private placementon
      December 20, 2007
                      
                      
                      1,080,000
                      
                      
                      
                      1,080
                      
                      
                      
                      52,920
                      
                      
                      
                      
                      
                      
                      
                      54,000In-kind
      Contribution
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      1,780
                      
                      
                      
                      
                      
                      
                      
                      1,780Net
      Income (Loss)
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (5,780
                      )
                      
                      
                      (5,780
                      )Total,
      December 31, 2007
                      
                      
                      7,080,000
                      
                      
                      $
                      1,680
                      
                      
                      $
                      54,700
                      
                      
                      $
                      (7,630
                      )
                      
                      $
                      48,750In-kind
      contribution
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      5,064
                      
                      
                      
                      
                      
                      
                      
                      5,064Stock
      issued as compensationat
      $0.05 per share onApril
      16, 2008
                      
                      
                      1,000,000
                      
                      
                      
                      1000
                      
                      
                      
                      4,000
                      
                      
                      
                      
                      
                      
                      
                      5,000Retroactively
      applied shareissuance
      treated as a 10-to-1 stocksplit
      at par value, $0.001 pershare
      on April 25, 2008Net
      Income (Loss)
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      
                      (265,970
                      )
                      
                      
                      (265,970
                      )Total,
      December 31, 2008
                      
                      
                      8,080,000
                      
                      
                      $
                      2,680
                      
                      
                      $
                      63,764
                      
                      
                      $
                      (273,600
                      )
                      
                      $
                      (207,156
                      )
   The
accompanying notes are an integral part of these financial
statements.
 F-4
   STANDARD
      MOBILE, INC.(a
      development stage company)STATEMENTS
      OF CASH FLOWSFor
      the twelve months ending December 31, 2008 and 2007from
      inception (December 9, 2005) through December 31, 200812
      MONTHS
                                    
                                    
                                    12
      MONTHS
                                    
                                    
                                    FROMENDING
                                    
                                    
                                    ENDING
                                    
                                    
                                    INCEPTIONCASH FLOWS FROM OPERATING
      ACTIVITIES
                                    
                                    12/31/2008
                                    
                                    
                                    12/31/2007
                                    
                                    
                                    TO
      12/31/08Net
      income (loss)
                                    
                                    $
                                    (265,970
                                    )
                                    
                                    $
                                    (5,780
                                    )
                                    
                                    $
                                    (273,600
                                    )Depreciation
                                    
                                    
                                    13,903
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    13,903Stock
      issued as compensation
                                    
                                    
                                    5,000
                                    
                                    
                                    
                                    500
                                    
                                    
                                    
                                    5,600In-Kind
      Contribution
                                    
                                    
                                    5,064
                                    
                                    
                                    
                                    1,780
                                    
                                    
                                    
                                    6,844Increase
      (Decrease) in Accrued Expenses
                                    
                                    
                                    25
                                    
                                    
                                    
                                    3,500
                                    
                                    
                                    
                                    5,275Total
      adjustments to net income
                                    
                                    
                                    23,992
                                    
                                    
                                    
                                    5,780
                                    
                                    
                                    
                                    31,622Net
      cash provided by (used in) operating activities
                                    
                                    
                                    (241,978
                                    )
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (241,978
                                    )CASH FLOWS FROM INVESTING
      ACTIVITIESCash
      paid for property, plant & equipment
                                    
                                    
                                    (45,500
                                    )
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (45,500
                                    )Net
      cash flows provided by (used in) investing activities
                                    
                                    
                                    (45,500
                                    )
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (45,500
                                    )CASH FLOWS FROM FINANCING
      ACTIVITIESCash
      received from stock issuance
                                    
                                    
                                    54,000
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    54,000Cash
      received on notes payable
                                    
                                    
                                    854,000
                                    
                                    
                                    
                                    12,600
                                    
                                    
                                    
                                    866,600Cash
      paid on notes payable
                                    
                                    
                                    (630,600
                                    )
                                    
                                    
                                    -
                                    
                                    
                                    
                                    (630,600
                                    )Net
      cash provided by (used in) financing activities
                                    
                                    
                                    277,400
                                    
                                    
                                    
                                    12,600
                                    
                                    
                                    
                                    290,000CASH RECONCILIATIONNet
      increase (decrease) in cash
                                    
                                    
                                    (10,078
                                    )
                                    
                                    
                                    12,600
                                    
                                    
                                    
                                    2,522Cash -
      beginning balance
                                    
                                    
                                    12,600
                                    
                                    
                                    
                                    -
                                    
                                    
                                    
                                    -CASH BALANCE - END OF
PERIOD
                                    
                                    $
                                    2,522
                                    
                                    
                                    $
                                    12,600
                                    
                                    
                                    $
                                    2,522
   The
accompanying notes are an integral part of these financial
statements.
 F-5
  
  STANDARD
MOBILE, INC.
 Notes
to the financial statements
 
  
  1.   Summary
of Significant Accounting Policies:
  Standard
Mobile, Inc. (formerly known as Thermal Technology Services, Inc.) was
incorporated in 2005 under the name 4303, Inc. (the “Company”).  Prior
to October 22, 2007, the Company changed its name to Thermal Technologies,
Inc.  On October 22, 2007 (the "Effective Date"), pursuant to the
terms of a Stock Purchase Agreement, Won Bum Lee purchased a total of 100,000
shares of issued and outstanding common stock of Thermal Technology Services,
Inc. from Michael Raleigh, the sole officer, director and shareholder of the
Company, for an aggregate of $32,500 in cash. The total of 100,000 shares
represented all of the shares of outstanding common stock of the Company at the
time of transfer.  Mr. Lee used private funds to purchase the shares
of the Company.
 
 Won Bum
Lee resigned as a member of the Company's Board of Directors effective as of
April 24, 2008.  Won Bum Lee also resigned as the Company's President,
Chief Executive Officer, and Chief Financial Officer, effective April 24,
2008.  At the time of resignation, Mr. Lee was not a member of any
committee on the board of directors.  The resignation was not the
result of any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.
 
 On April
24, 2008, Boosik Kim was appointed as the Company's President, Chief Executive
Officer, Chief Financial Officer, Chairman of the Board and
Secretary.
 
 We are
currently located in La Mirada, California. We focus our business on
telecommunication sales and distribution, including sales of cellular phones,
telecommunication equipment and other various VoIP products.
 
 As we
grow, we will take on people and services in related markets and continue to
expand our sales and services throughout the United States and eventually on a
global basis.  We also expect to gain additional leverage by entering
into contracts with electronic companies for the sales of their
equipment.
 
 The
Company’s fiscal year end is December 31, a calendar year end.
  Significant Accounting
Policies:
  The
Company’s management has adopted the following accounting policies.
  Revenue
Recognition
  The
Company currently has no revenues and accounts for costs on the accrual basis as
a going concern under Generally Accepted Accounting Principles.
  Cash and Cash
Equivalents
  The
Company considers cash on hand and amounts on deposit with financial
institutions which have original maturities of three months or less to be cash
and cash equivalents.
  Basis of
Accounting
  The
Company’s financial statements are prepared in accordance with generally
accepted accounting principles.  The Company’s management has made all
adjustments in their opinion that are necessary in order to make the financial
statements not misleading.
   
 F-6
   Estimates and
adjustment
  The
Company’s management is of the opinion that all estimates and adjustment have
been made in accordance with Generally Accepted Accounting Principle in order
for the financial statements to not be misleading.
  Income
Taxes
  The
Company utilizes the asset and liability method to measure and record deferred
income tax assets and liabilities.  Deferred tax assets and
liabilities reflect the future income tax effects of temporary differences
between the financial statement carrying amounts of existing assets and
liabilities and their respective tax bases and are measured using enacted tax
rates that apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled.  Deferred tax
assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets
will not be realized.
  Earnings Per
Share
  Basic and
diluted earnings per share is computed by dividing earnings available to
stockholders by the weighted-average number of shares outstanding for the period
as guided by the Financial Accounting Standards Board (FASB) under Statement of
Financial Accounting Standards (SFAS) No. 128, “Earnings per
Shares”.  Diluted EPS reflects the potential dilution of securities
that could share in the earnings.
  Concentrations of Credit
Risk
  Financial
instruments that potentially expose the Company to concentrations of credit risk
consist principally of operating demand deposit accounts. The Company’s policy
is to place its operating demand deposit accounts with high credit quality
financial institutions that are insured by the FDIC.
  2.  Related Party
Transactions:
  Primary
shareholders currently fund the Company and pay certain expenses on behalf of
the Company which are recorded as in kind contributions to equity.  A
related party has also loaned the Company money in the form of note
payables.
  3.  Accounts
Receivable:
  The
Company has no receivables at this time.
  4.  Use of
Estimates:
  The
preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
  5.  Accounts
Payable and Accrued Expenses:
  Accounts
payable and accrued expenses consist of trade payables from normal operations of
the business.
  6. Notes
Payable:
  At
various dates during 2007 and 2008, the Company borrowed $866,600 from related
party individuals and companies.  All notes are demand notes carrying
a 3% interest rate.  As of December 31, 2008, the principal balance
due on the demand notes is $236,000.
   
 F-7
   7.   Stockholder
Equity:
  Preferred
stock includes 10,000,000 shares authorized at a par value of $0.001, of which
none are issued or outstanding.
 
 Common
Stock includes 100,000,000 shares authorized at a par value of $0.001, of which
100,000 have been issued for the amount of $100 on December 9, 2005 in
acceptance of the incorporation expenses for the Company.
 On
October 22, 2007, Won Bum Lee purchased a total of 100,000 shares of issued and
outstanding common stock of Thermal Technology Services, Inc. from Michael
Raleigh, the sole officer, director and shareholder of the Company, for an
aggregate of $32,500 in cash.
 
 During
December 2007, the Company issued 500,000 shares of common stock to its sole
director of the Company as compensation in the amount of $500, or $0.001 per
share.
 
 During
December 2007, the Company undertook a Section 4(2) registration under the
Securities Act of 1933 to raise $54,000 in the issuance of 108,000 shares of
common stock at $0.50 per share. The stock issuance has been recorded as a stock
subscription receivable.  The Company’s management considers this
offering to be exempt under the Securities Act of 1933. During January 2008, the
stock subscription receivable was satisfied.
 
 During
April 2008, the Company reissued 532,388 shares of common stock owned by Mr. Won
Bum Lee to 9 shareholders.
 
 During
April 2008, the Company issued 100,000 shares of common stock to 4 shareholders
as compensation for services rendered in the amount of $5,000, or $0.05 per
share. These shares were issued in reliance on the exemption under Section 4(2)
of the Securities Act of 1933, as amended (the ‘Act’).
 
 During
April 2008, the Company undertook a 10-for-1 forward stock split of the
Corporation’s issued and outstanding shares.
 
 8.  Employment
Contract and Incentive Commitments:
  The
Company has no employment contracts and incentive commitments.
  9. Commintments and
Contracts:
  On April
2, 2008, the Company entered into a development agreement with Clearwave
Corporation, a Korean corporation. Upon and subject to the terms and conditions
of this agreement, Clearwave Corporation shall design, develop, and provide
deliverables and other services for the Company. All payments due in accordance
with the terms of the agreement shall be paid within seven (7) days as listed
below:
  May
      19, 2008 - contact signing -
                      $ 
        500,000June
      09, 2008 – design phase -
                      $ 
        700,000July
      28, 2008 – prototype phase -
                      $
         800,000Monthly
      thereafter – mass production phase -
                      $
      1,100,000
  The
Clearwave Corporation also shall be entitled to a running-royalty of $1 per unit
to a maximum of 500,000 units/models.
  Due to
disagreement regarding the execution of the research and development phase, the
development agreement was mutually terminated, and the payments less any fees
incurred to date by Clearwave Corporation were returned to the Company. At this
point, the Company is renegotiating the agreement with Clearwave
Corporation.
   F-8
 
   On April
15, 2008, the Company entered into a 36-month motor vehicle lease agreement with
BMW Financial Services with a required monthly payment of $1,160.
  10.  Income
Taxes:
  No provision was made for
federal income tax since the Company has significant net operating losses. From
inception to December 31, 2008, the Company had an operating loss of $273,600.
The net operating loss carry forwards may be used to reduce taxable income
through the years 2025 to 2028. The availability of the Company’s net operating
loss carry-forwards are subject to limitation if there is a 50% or more positive
change in the ownership of the Company’s stock. The provision for income taxes
consists of the federal and state minimum tax imposed on
corporations.
  Deferred income taxes
reflect the net tax effects of temporary differences between the carrying
amounts of assets and liabilities for financial statement purposes and the
amounts used for income tax purposes. Significant components of the Company's
deferred tax liabilities and assets as of December 31, 2008 are as
follows:
  Deferred
      tax assets:Federal
      net operating loss
                          
                          $
                          41,040State
      net operating loss
                          
                          
                          13,680Total
      deferred tax assets
                          
                          
                          54,720Less
      valuation allowance
                          
                          
                          (54,720
                          )$
                          --
 
 The
Company has provided a 100% valuation allowance on the deferred tax assets at
December 31, 2008 to reduce such asset to zero, since there is no assurance that
the Company will generate future taxable income to utilize such asset.
Management will review this valuation allowance requirement periodically and
make adjustments as warranted.
 
 The
reconciliation of the effective income tax rate to the federal statutory rate
for the periods ended December 31, 2008 and December 31, 2007 is as
follows:
  2008
                            
                            2007Federal
      income tax rate
                            
                            
                            (15.0%)
                            
                            (15.0
                            %)State
      tax, net of federal benefit
                            
                            
                            (5.0%)
                            
                            (5.0
                            %)Increase
      in valuation allowance
                            
                            
                            20.0%
                            
                            20.0
                            %Effective
      income tax rate
                            
                            
                            0.0%
                            
                            0.0
                            %
  11.   Required
Cash Flow Disclosure for non-cash items, Interest and Taxes
Paid:
  The
Company has made no cash payments for interest or income taxes. A related party
pays expenses on behalf of the Company which are recorded as non-cash in-kind
contributions to equity.
  12.   Contingent
Liabilities:
  Currently
the Company has not identified any contingent liabilities that may be
due.
  13. Subsequent
Events:
  None
known at this time.


F-9




ITEM 9.    CHANGES IN AND DISAGREEMENTS WITH
ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE





Our accountant is Gately & Associates, LLC, CPAs, independent
certified public accountants. We do not presently intend to change accountants.
At no time have there been any disagreements with such accountants regarding any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure.





ITEM
9A(T).  CONTROLS AND PROCEDURES





Evaluation
of disclosure controls and procedures




Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
Exchange Act of 1934, as amended (Exchange Act), as of December 31, 2008. Based
on this evaluation, our principal executive officer and principal financial
officers have concluded that our disclosure controls and procedures are
effective to ensure that information required to be disclosed by us in the
reports we file or submit under the Exchange Act is recorded, processed,
summarized, and reported within the time periods specified in the Securities and
Exchange Commission’s rules.





MANAGEMENT’S
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING





Management
of the Company is responsible for establishing and maintaining effective
internal control over financial reporting as defined in Rule
13a-15(f) under the Exchange Act over the registrant. The Company’s
internal control over financial reporting is designed to provide reasonable
assurance to the Company’s management and Board of Directors regarding the
preparation and fair presentation of published financial statements in
accordance with United State’s generally accepted accounting
principles (US GAAP), including those policies and procedures that: (i) pertain
to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets of the
company, (ii) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with US
GAAP and that receipts and expenditures are being made only in accordance with
authorizations of management and directors of the company, and (iii)
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of the company’s assets that
could have a material effect on the financial statements.  Management
conducted an evaluation of the effectiveness of internal control over financial
reporting based on the framework in Internal Control— Integrated Framework
issued by the Committee of Sponsoring Organizations of the Treadway Commission.
Management’s assessment included an evaluation of the design of our
internal control over financial reporting and testing of the operational
effectiveness of our internal control over financial reporting. Based on this
assessment, Management concluded the Company maintained effective internal
control over financial reporting as of December 31, 2008.





Because
of its inherent limitations, internal control over financial reporting may not
prevent or detect misstatements.  Therefore, even those
systems determined to be effective can provide only reasonable assurance
with respect to financial statement preparation and
presentation.  This annual report does not include an attestation
report of the Company’s registered public accounting firm regarding internal
control over financial reporting. Management’s report was not subject to
attestation by our registered public accounting firm pursuant to temporary rules
of the Securities and Exchange Commission that permit the Company to
provide only management’s report in this Annual Report.





PART
III





ITEM
10.  DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
GOVERNANCE





We have
one Director and Officer as follows:




NAME
                  AGE
                  POSITIONHyung
      Gyu Choi
                  41
                  President/Director





The
business background description of the sole officer and director:




Mr. Hyung Gyu Choi, age 41, graduated from
Columbia University in May 1997 with a Master’s degree in electrical engineering
and received a Bachelor’s degree in electrical engineering from San Diego State
University in May 1995. He also attended school at the Dongkuk University in
Seoul, Korea. From 2004 to September 2008, Mr. Choi worked at LG Electronics as
the Product Planning Senior Manager. He was responsible for creating and
developing accessory strategy for marketing and pricing of
products.




7





There are
no agreements or understandings for the officer or director to resign at the
request of another person and the above-named officer and director is not acting
on behalf of nor will act at the direction of any other person.





The
director and executive officer has been involved in: (a) bankruptcy; (b)
criminal proceeding; or (c) any other legal proceeding.





Term of
Office




Our
directors are appointed for a one-year term to hold office until the next annual
general meeting of our shareholders or until removed from office in accordance
with our bylaws. Our officers are appointed by our board of directors and hold
office until removed by the board.




All
officers and directors listed above will remain in office until the next annual
meeting of our stockholders, and until their successors have been duly elected
and qualified. There are no agreements with respect to the election of
Directors. We have not compensated our Directors for service on our Board of
Directors, any committee thereof, or reimbursed for expenses incurred for
attendance at meetings of our Board of Directors and/or any committee of our
Board of Directors. Officers are appointed annually by our Board of Directors
and each Executive Officer serves at the discretion of our Board of Directors.
We do not have any standing committees. Our Board of Directors may in the future
determine to pay Directors’ fees and reimburse Directors for expenses related to
their activities.




None of
our Officers and/or Directors have filed any bankruptcy petition, been convicted
of or been the subject of any criminal proceedings or the subject of any order,
judgment or decree involving the violation of any state or federal securities
laws within the past five (5) years.




Audit
Committee




We do not
have a standing audit committee of the Board of Directors. Management has
determined not to establish an audit committee at present because of our limited
resources and limited operating activities do not warrant the formation of an
audit committee or the expense of doing so. We do not have a financial expert
serving on the Board of Directors or employed as an officer based on
management’s belief that the cost of obtaining the services of a person who
meets the criteria for a financial expert under Item 401(e) of Regulation S-B is
beyond its limited financial resources and the financial skills of such an
expert are simply not required or necessary for us to maintain effective
internal controls and procedures for financial reporting in light of the limited
scope and simplicity of accounting issues raised in its financial statements at
this stage of its development.





Involvement in Certain Legal
Proceedings





To our
knowledge, during the past five (5) years, none of our directors, executive
officers, promoters, control persons, or nominees has been:




o
            the
      subject of any bankruptcy petition filed by or against any business of
      which such person was a general partner or executive officer either at the
      time of the bankruptcy or within two years prior to that
    time;




o
            convicted
      in a criminal proceeding or is subject to a pending criminal proceeding
      (excluding traffic violations and other minor
  offenses);




o
            subject
      to any order, judgment, or decree, not subsequently reversed, suspended or
      vacated, of any court of competent jurisdiction, permanently or
      temporarily enjoining, barring, suspending or otherwise limiting his
      involvement in any type of business, securities or banking activities;
      or




o
            found
      by a court of competent jurisdiction (in a civil action), the Commission
      or the Commodity Futures Trading Commission to have violated a federal or
      state securities or commodities
law.





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




Section
16(a) of the Exchange Act requires the Company’s officers and directors, and
persons who beneficially own more than 10% of a registered class of the
Company’s equity securities, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission and are required to
furnish copies to the Company. To the best of the Company’s knowledge, any
reports required to be filed were timely filed in fiscal year ended December 31,
2008.




8




Auditors; Code of Ethics;
Financial Expert





We do not
have an audit committee financial expert.  We do not have an audit
committee financial expert because we believe the cost related to retaining a
financial expert at this time is prohibitive.  Furthermore, because we
are only beginning our commercial operations, at the present time, we believe
the services of a financial expert are not warranted.




Potential Conflicts of
Interest





We are
not aware of any current or potential conflicts of interest with any of our
executives or directors.





ITEM
11.  EXECUTIVE COMPENSATION





Compensation of Executive
Officers





The
following summary compensation table sets forth all compensation awarded to,
earned by, or paid to the named executive officers paid by us during the fiscal
years ended December 31, 2008 and 2007 in all capacities for the accounts of our
executives, including the Chief Executive Officer (CEO) and Chief Financial
Officer (CFO):





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
                              ($)Hyung
      Gyu Choi
                            2008
                            
                            $
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            $
                            0President,
      Chief
                              Executive Officer,
                              Chief Financial
                              OfficerBoosik
      Kim
                                Former
      President, ChiefExecutive
      Officer,Chief
                            2008
                            
                            $
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            $
                            0Financial Officer
                            2007
                            
                            $
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            $
                            0Won
      Bum Lee
                              Former
      President, ChiefExecutive
      Officer,Chief
                            2008
                            
                            $
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            $
                            0Financial
      Officer
                            2007
                            
                            $
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            
                            0
                            
                            
                            $
                            0





ITEM
12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT





The
following table sets forth each person known by us to be the beneficial owner of
five percent or more of the Company's Common Stock, all directors individually
and all directors and officers of the Company as a group. Except as noted, each
person has sole voting and investment power with respect to the shares
shown.





Name
      and Address of
                      Beneficial
      Owner
                    Amount
      of
                      Beneficial
      Ownership
                    Percentage
                      of
      ClassHyung
      Gyu Choi
                    0
                    0%Boosik
      Kim
                    6,000,000
                    74.7%All
      Executive Officers
                    0
                    0%and
      Directors as a Group(1
      person)








9


ITEM
13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE
  We currently use the offices of management at no cost to
us.
 
 ITEM
14.  PRINCIPAL ACCOUNTING FEES AND SERVICES
 
 (1)
Audit Fees


Audit
Fees




For the
Company’s fiscal year ended December 31, 2008, we were billed approximately
$1,500 for professional services rendered for the audit and review of our
financial statements. That total amount consisted of $1,500 for the
auditing and review of the financial statements for the fiscal year
2008.




Legal
Fees




For the
Company’s fiscal year ended December 31, 2008, we were billed approximately
$10,000 for professional services rendered for legal compliance related to
federal securities laws.





All Other
Fees




The
Company did not incur any other fees related to services rendered by our
principal accountant for the fiscal year ended December 31, 2008.




Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.








PART
IV







ITEM 15.  EXHIBITS, FINANCIAL STATEMENT
SCHEDULES.




a)
Documents filed as part of this Annual Report




3.
Exhibits




14
              Code
      of Ethics *31.1
              Rule
      13a-14(a)/ 15d-14(a) Certification of Chief Executive Officer and Chief
      Financial Officer32.1
              Section
      1350 Certification of Chief Executive Officer and Chief Financial
      Officer






* Filed
with the original Form 10-KSB on March 25, 2008








10




SIGNATURES





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




STANDARD
      MOBILE, INC.Date:
      April 29, 2009
                        By:
                        /s/ 
      Hyung
      Gyu ChoiHyung
      Gyu Choi
                          Chief
      Executive Officer








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




Name
              Title
              Date/s/
      Hyung
      Gyu
      Choi
                Hyung
      Gyu Choi
              Chief
      Executive Officer
                Chief
      Financial Officer,
                and
      Director
              April
      29, 2009