EXHIBIT 4.1

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED
OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH
ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR
RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE
COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT
FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE HELD BY AN AFFILIATE OF THE
COMPANY. NO SALE OR DISPOSITION OF THESE SHARES MAY BE EFFECTED EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION RELATED THERETO OR IN COMPLIANCE WITH RULE 144 OR
ITS SUCCESSOR OR PURSUANT TO AN OPINION OF COUNSEL THAT SUCH REGISTRATION IS NOT
REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
--------------------------------------------------------------------------------

Warrant No. <<Warrant_no>>                      Number of Shares:  <<Shares_no>>
                                                (subject to adjustment)

Date of Issuance:  September 26, 2007

                         VELOCITY ASSET MANAGEMENT, INC.

                              COMMON STOCK WARRANT

      Velocity Asset Management, Inc. (the "COMPANY"), for value received equal
to $0.001 per Warrant Share, hereby certifies that <<Name>> or its registered
assigns (the "REGISTERED HOLDER"), is entitled, subject to the terms set forth
below, to purchase from the Company, at any time after the date hereof and on or
before the Expiration Date (as defined in Section 6 below), up to
<<Shares_spelled>> (<<Shares_no>>) shares (as adjusted from time to time
pursuant to the provisions of this Warrant) of Common Stock of the Company, at a
per share Exercise Price equal to $2.50 (subject to adjustment for stock splits,
dividends and the like and as set forth in Section 3 hereof). The shares
purchasable upon exercise of this Warrant and the exercise price per share, as
adjusted from time to time pursuant to the provisions of this Warrant, are
hereinafter referred to as the "WARRANT STOCK" and the "EXERCISE PRICE,"
respectively.

      This Warrant is issued pursuant to that certain Securities Purchase
Agreement dated approximately concurrently herewith among the Company and
certain individuals and entities listed on EXHIBIT A thereof (the "PURCHASE
AGREEMENT"). Any capitalized terms used herein, but not defined herein, shall
carry those definitions ascribed to them in the Purchase Agreement.

      1. FULLY VESTED SHARES. The shares of Warrant Stock are fully vested and
exercisable as of March 26, 2008.

<PAGE>

      2. EXERCISE.

            (a) METHOD OF EXERCISE.

                  (i) This Warrant may be exercised by the Registered Holder, in
whole or in part, by surrendering this Warrant, with the purchase/exercise form
appended hereto as EXHIBIT A duly executed by such Registered Holder or by such
Registered Holder's duly authorized attorney, at the principal office of the
Company, or at such other office or agency as the Company may designate in
writing prior to the date of such exercise, accompanied by payment in full of
the Exercise Price payable in respect of the number of shares of Warrant Stock
purchased upon such exercise. The Exercise Price may be paid by cash, check,
wire transfer or by the surrender of promissory notes or other instruments
representing indebtedness of the Company to the Registered Holder.

                  (ii) If the Registration Statement (as that term is defined in
the Registration Rights Agreement dated as of the date hereof (the "Registration
Rights Agreement")) is not declared effective on or before the date which is
nine months after the date hereof, in lieu of exercising this Warrant in the
manner provided above in Section 2(a)(i), the Registered Holder may elect to
receive shares pursuant to a cashless exercise, equal to the value of this
Warrant (or the portion thereof being exercised) by surrender of this Warrant at
the principal office of the Company together with notice of such election on the
purchase/exercise form appended hereto as EXHIBIT A duly executed by such
Registered Holder or such Registered Holder's duly authorized attorney, in which
event the Company shall issue to holder a number of shares of Common Stock
computed using the following formula:

                                  X = Y (A - B)
                                      ---------
                                          A

Where    X = The number of shares of Common Stock to be issued to the Registered
             Holder.

         Y = The number of shares of Common Stock being exercised under this
             Warrant.

         A = The fair market value of one share of Common Stock (on the exercise
             date as calculated below)

         B = The Exercise Price (as adjusted to the exercise date).

For purposes of this Section 2(a)(ii), the fair market value of one share of
Common Stock on the exercise date shall mean:

                        (A) if the Company's Common Stock is traded on a
national securities exchange or The American Stock Exchange, the fair market
value shall be deemed to be the average of the closing sale prices over a five
trading day period ending on the date of calculation; or

                                       -2-

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                        (B) if the Company's Common Stock is actively traded
over-the-counter, the fair market value shall be deemed to be the average of the
closing bid or sales price (whichever is applicable) over the thirty (30) day
period ending three days before the date of calculation; or

                        (C) if neither (A) nor (B) is applicable, the fair
market value shall be at the highest price per share which the Company could
obtain on the date of calculation from a willing buyer (not a current employee
or director) for shares of Common Stock sold by the Company, from authorized but
unissued shares, as determined in good faith by the Board of Directors, unless
the Company has at such time received a term sheet with regard to an Acquisition
as described in Section 6 below, in which case the fair market value per share
of Common Stock shall be deemed to be the value of the consideration per share
to be issued to the holders of such stock pursuant to such Acquisition, as
calculated pursuant to the definitive agreement relating to such Acquisition.

            (b) EFFECTIVE TIME OF EXERCISE. Each exercise of this Warrant shall
be deemed to have been effected immediately prior to the close of business on
the day on which this Warrant shall have been surrendered to the Company as
provided in Section 2(a) above. At such time, the person or persons in whose
name or names any certificates for Warrant Stock shall be issuable upon such
exercise as provided in Section 2(c) below shall be deemed to have become the
holder or holders of record of the Warrant Stock represented by such
certificates.

            (c) DELIVERY TO HOLDER. As soon as practicable after the exercise of
this Warrant in whole or in part, and in any event within 10 business days
thereafter, the Company at its expense will cause to be issued in the name of,
and delivered to, the Registered Holder, or as such Registered Holder (upon
payment by such Registered Holder of any applicable transfer taxes) may direct:

                  (i) a certificate or certificates for the number of shares of
Warrant Stock to which such Registered Holder shall be entitled, and

                  (ii) in case such exercise is in part only, a new warrant or
warrants (dated the date hereof) of like tenor, calling in the aggregate on the
face or faces thereof for the number of shares of Warrant Stock equal (giving
effect to any adjustment therein) to the number of such shares called for on the
face of this Warrant minus the number of such shares purchased by the Registered
Holder upon such exercise as provided in Section 2(a) above.

      3. ADJUSTMENTS.

            (a) STOCK SPLITS AND DIVIDENDS. If the outstanding shares of the
Company's Common Stock shall be subdivided into a greater number of shares or a
dividend in Common Stock shall be paid in respect of Common Stock, the Exercise
Price in effect immediately prior to such subdivision or at the record date of
such dividend shall simultaneously with the effectiveness of such subdivision or
immediately after the record date of such dividend be proportionately reduced.
If outstanding shares of Common Stock shall be combined into a

                                       -3-

<PAGE>

smaller number of shares, the Exercise Price in effect immediately prior to such
combination shall, simultaneously with the effectiveness of such combination, be
proportionately increased. When any adjustment is required to be made in the
Exercise Price, the number of shares of Warrant Stock purchasable upon the
exercise of this Warrant shall be changed to the number determined by dividing
(i) an amount equal to the number of shares issuable upon the exercise of this
Warrant immediately prior to such adjustment, multiplied by the Exercise Price
in effect immediately prior to such adjustment, by (ii) the Exercise Price in
effect immediately after such adjustment.

            (b) MERGER SALE, RECLASSIFICATION, ETC. In case of any (i)
consolidation or merger (including a merger in which the Company is the
surviving entity), (ii) sale or other disposition of all or substantially all of
the Company's assets or distribution of property to shareholders (other than
distributions payable out of earnings or retained earnings), or
reclassification, change or conversion of the outstanding securities of the
Company or of any reorganization of the Company (or any other corporation the
stock or securities of which are at the time receivable upon the exercise of
this Warrant) or any similar corporate reorganization on or after the date
hereof, then and in each such case the holder of this Warrant, upon the exercise
hereof at any time thereafter shall be entitled to receive, in lieu of the stock
or other securities and property receivable upon the exercise hereof prior to
such consolidation, merger, sale or other disposition, reclassification, change,
conversion or reorganization, the stock or other securities or property to which
such holder would have been entitled upon such consummation if such holder had
exercised this Warrant immediately prior thereto, all subject to further
adjustment as provided in Section 3(a) or 3(b); and in each such case, the terms
of this Section 3 shall be applicable to the shares of stock or other securities
properly receivable upon the exercise of this Warrant after such consolidation,
merger, sale or other disposition, reclassification, change, conversion or
reorganization.

            (c) PRICE ANTI-DILUTION. Except in connection with any Permitted
Issuances, if at any time prior to the date which is six months from the
Issuance Date, the Company shall issue or sell, any warrants or other rights to
subscribe for or purchase any shares of Common Stock or any convertible
securities, whether or not the rights to exchange or convert thereunder are
immediately exercisable, and the price per share for which Common Stock is
issuable upon the exercise of such warrants or other rights or upon conversion
or exchange of such Convertible Securities shall be less than the Exercise
Price, then the Warrant Exercise Price shall be adjusted to such price; provided
however, in no event shall the Warrant Exercise Price be adjusted below the then
current market price of the Company's common stock. No further adjustment of the
Warrant Exercise Price shall be made upon the actual issue of such Common Stock
or of such Convertible Securities upon exercise of such warrants or other rights
or upon the actual issuance of such Common Stock upon such conversion or
exchange of such Convertible Securities.

            "PERMITTED ISSUANCES" shall mean (i) Common Stock issuable or issued
to employees, consultants, officers, directors, or advisors of the Company
directly or pursuant to a stock purchase plan or other compensation arrangement
approved by the Board of Directors of the Company which are issued at fair
market value at the date of issuance, (ii) capital stock, debt instruments
convertible into capital stock or warrants or options to purchase capital stock
issued in connection with bona fide acquisitions, mergers, or purchases,
corporate partnering

                                       -4-

<PAGE>

agreements, joint ventures or similar transactions, the terms of which are
approved by the Board of Directors of the Company, (iii) Common Stock issuable
upon the conversion of the Warrants, or (iv) Common Stock issued or issuable
upon exercise or conversion of any warrants, options or any other securities
exercisable or exchangeable for, or convertible into shares of Common Stock
outstanding as of September 25, 2007 or (v) Common Stock issuable in connection
with the sale of securities by the Company, in one or more transactions,
resulting in aggregate gross proceeds of not more than $2,000,000.

            (d) ADJUSTMENT CERTIFICATE. When any adjustment is required to be
made in the Warrant Stock or the Exercise Price pursuant to this Section 3, the
Company shall promptly mail to the Registered Holder a certificate setting forth
(i) a brief statement of the facts requiring such adjustment, (ii) the Exercise
Price after such adjustment and (iii) the kind and amount of stock or other
securities or property into which this Warrant shall be exercisable after such
adjustment.

      4. TRANSFERS.

            (a) UNREGISTERED SECURITY. Each holder of this Warrant acknowledges
that this Warrant and the Warrant Stock have not been registered under the
Securities Act of 1933, as amended (the "SECURITIES ACT"), and agrees not to
sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this
Warrant or any Warrant Stock issued upon its exercise in the absence of (i) an
effective registration statement under the Securities Act as to this Warrant or
such Warrant Stock and registration or qualification of this Warrant or such
Warrant Stock under any applicable U.S. federal or state securities law then in
effect or (ii) an opinion of counsel, reasonably satisfactory to the Company,
that such registration and qualification are not required. Each certificate or
other instrument for Warrant Stock issued upon the exercise of this Warrant
shall bear a legend substantially to the foregoing effect.

            (b) TRANSFERABILITY. Subject to the provisions of Section 4(a)
hereof, this Warrant and all rights hereunder are transferable, in whole or in
part, to (i) any entity controlling, controlled by or under common control of
the Registered Holder, or (ii) to any other proposed transferee by surrendering
the Warrant with a properly executed assignment (in the form of EXHIBIT B
hereto) at the principal office of the Company.

            (c) WARRANT REGISTER. The Company will maintain a register
containing the names and addresses of the Registered Holders of this Warrant.
Until any transfer of this Warrant is made in the warrant register, the Company
may treat the Registered Holder of this Warrant as the absolute owner hereof for
all purposes; PROVIDED, HOWEVER, that if this Warrant is properly assigned in
blank, the Company may (but shall not be required to) treat the bearer hereof as
the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary. Any Registered Holder may change such Registered Holder's address as
shown on the warrant register by written notice to the Company requesting such
change.

      5. NO IMPAIRMENT. The Company will not, by amendment of its charter or
through reorganization, consolidation, merger, dissolution, sale of assets or
any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms of this Warrant, but will (subject to Section 14 below) at
all times in good faith assist in the carrying out of all such

                                       -5-

<PAGE>

terms and in the taking of all such action as may be necessary or appropriate in
order to protect the rights of the holder of this Warrant against impairment.

      6. TERMINATION. This Warrant (and the right to purchase securities upon
exercise hereof) shall terminate on the earlier of: (i) September 26, 2010 or
(ii) the closing of any sale of all or substantially all of the assets of the
Company, or any merger, consolidation or any other transaction or series of
related transactions in which the Company's stockholders immediately prior
thereto own less than a majority of the voting stock of the Company (or its
successor or parent) immediately thereafter (an "ACQUISITION") (the "EXPIRATION
DATE").

      7. NOTICES OF CERTAIN TRANSACTIONS. In case:

            (a) the Company shall take a record of the holders of its Common
Stock (or other stock or securities at the time deliverable upon the exercise of
this Warrant) for the purpose of entitling or enabling them to receive any
dividend or other distribution, or to receive any right to subscribe for or
purchase any shares of stock of any class or any other securities, or to receive
any other right, to subscribe for or purchase any shares of stock of any class
or any other securities, or to receive any other right, or

            (b) of any capital reorganization of the Company, any
reclassification of the capital stock of the Company, any consolidation or
merger of the Company, any consolidation or merger of the Company with or into
another corporation (other than a consolidation or merger in which the Company
is the surviving entity), or any transfer of all or substantially all of the
assets of the Company, or

            (c) of the voluntary or involuntary dissolution, liquidation or
winding-up of the Company,

then, and in each such case, the Company will mail or cause to be mailed to the
Registered Holder of this Warrant a notice specifying, as the case may be, (i)
the date on which a record is to be taken for the purpose of such dividend,
distribution or right, and stating the amount and character of such dividend,
distribution or right, or (ii) the effective date on which such reorganization,
reclassification, consolidation, merger, transfer, dissolution, liquidation or
winding-up is to take place, and the time, if any is to be fixed, as of which
the holders of record of Common Stock (or such other stock or securities at the
time deliverable upon such reorganization, reclassification, consolidation,
merger, transfer, dissolution, liquidation or winding-up) are to be determined.

      8. RESERVATION OF STOCK. The Company will at all times have authorized,
reserve and keep available, solely for the issuance and delivery upon the
exercise of this Warrant, such shares of Warrant Stock and other stock,
securities and property, as from time to time shall be issuable upon the
exercise of this Warrant.

      9. EXCHANGE OF WARRANTS. Upon the surrender by the Registered Holder of
any Warrant or Warrants, properly endorsed, to the Company at the principal
office of the Company, the Company will, subject to the provisions of Section 4
hereof, issue and deliver to or upon the order of such Holder, at the Company's
expense, a new Warrant or Warrants of like tenor, in the

                                       -6-

<PAGE>

name of such Registered Holder or as such Registered Holder (upon payment by
such Registered Holder of any applicable transfer taxes) may direct, calling in
the aggregate on the face or faces thereof for the number of shares of Common
Stock called for on the face or faces of the Warrant or Warrants so surrendered.

      10. REPLACEMENT OF WARRANTS. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and (in the case of loss, theft or destruction) upon delivery of an
indemnity agreement (with surety if reasonably required) in an amount reasonably
satisfactory to the Company, or (in the case of mutilation) upon surrender and
cancellation of this Warrant, the Company will issue, in lieu thereof, a new
Warrant of like tenor.

      11. NOTICES. Any notice required or permitted by this Warrant shall be in
writing and shall be deemed duly given upon receipt, when delivered personally
or by courier, overnight delivery service or confirmed facsimile, or 48 hours
after being deposited in the regular mail as certified or registered mail
(airmail if sent internationally) with postage prepaid, addressed (a) if to the
Registered Holder, to the address of the Registered Holder most recently
furnished in writing to the Company and (b) if to the Company, to the address
set forth on the signature page of this Warrant or as subsequently modified by
written notice to the Registered Holder.

      12. NO RIGHTS AS STOCKHOLDER. Until the exercise of this Warrant, the
Registered Holder of this Warrant shall not have or exercise any rights by
virtue hereof as a stockholder of the Company.

      13. NO FRACTIONAL SHARES. No fractional shares of Common Stock will be
issued in connection with any exercise hereunder. In lieu of any fractional
shares which would otherwise be issuable, the Company shall pay cash equal to
the product of such fraction multiplied by the fair market value of one share of
Common Stock on the date of exercise, as determined in good faith by the
Company's Board of Directors.

      14. AMENDMENT OR WAIVER. Any term of this Warrant may be amended or waived
upon written consent of the Company and the registered holders of at least 50%
of the Common Stock issuable upon exercise of the outstanding warrants purchased
pursuant to the Purchase Agreement. By acceptance hereof, the Registered Holder
acknowledges that in the event the required consent is obtained, any term of
this Warrant may be amended or waived with or without the consent of the
Registered Holder; PROVIDED, HOWEVER, that any amendment hereof that would
materially adversely affect the Registered Holder in a manner different from the
holders of the remaining warrants issued pursuant to the Purchase Agreement
shall also require the consent of Registered Holder.

      15. HEADINGS. The headings in this Warrant are for purposes of reference
only and shall not limit or otherwise affect the meaning of any provision of
this Warrant.

      16. GOVERNING LAW. This Warrant and all acts and transactions pursuant
hereto and the rights and obligations of the parties hereto shall be governed,
construed and interpreted in accordance with the laws of the State of New York,
without giving effect to principles of conflicts of law.

                                       -7-

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      17. REGISTRATION RIGHTS. The Warrant Shares are subject to the re-sale
registration rights described in the Registration Rights Agreement by and
between the Company and the Registered Holder and dated concurrently herewith.

      18. REPRESENTATIONS AND COVENANTS OF THE HOLDER. This Warrant has been
entered into by the Company in reliance upon the following representations and
covenants of the Registered Holder:

            (a) INVESTMENT PURPOSE. The Registered Holder is acquiring the
Warrant and the Common Stock issuable upon exercise of the Warrant for its own
account, not as a nominee or agent and with no present intention of selling or
otherwise distributing any part thereof.

            (b) PRIVATE ISSUE. The Registered Holder understands, except as
provided in the Registration Rights Agreement, (i) that neither the Warrant nor
the Common Stock issuable upon exercise of this Warrant is, nor will be,
registered under the Securities Act or qualified under applicable state
securities laws on the ground that the issuance contemplated by this Warrant
will be exempt from the registration and qualifications requirements thereof
pursuant to Section 4(2) of the Securities Act and any applicable state
securities laws, and (ii) that the Company's reliance on such exemption is
predicated on the representations set forth in this Section 18.

            (c) DISPOSITION OF HOLDER'S RIGHTS. In no event will the Registered
Holder make a disposition of the Warrant or the Common Stock issuable upon
exercise of the Warrant in the absence of (i) an effective registration
statement under the Securities Act as to this Warrant or such Warrant Stock and
registration or qualification of this Warrant or such Warrant Stock under any
applicable U.S. federal or state securities law then in effect or (ii) an
opinion of counsel, reasonably satisfactory to the Company, that such
registration and qualification are not required. Notwithstanding the foregoing,
the restrictions imposed upon the transferability of any of its rights to
acquire Common Stock or Common Stock issuable on the exercise of such rights do
not apply to transfers from the beneficial owner of any of the aforementioned
securities to its nominee or from such nominee to its beneficial owner, and
shall terminate as to any particular share of Common Stock when (1) such
security shall have been effectively registered under the Securities Act and
sold by the holder thereof in accordance with such registration or (2) such
security shall have been sold without registration in compliance with Rule 144
under the Securities Act, or (3) a letter shall have been issued to the
Registered Holder at its request by the staff of the Securities and Exchange
Commission (the "SEC") or a ruling shall have been issued to the Registered
Holder at its request by the SEC stating that no action shall be recommended by
such staff or taken by SEC, as the case may be, if such security is transferred
without registration under the Securities Act in accordance with the conditions
set forth in such letter or ruling and such letter or ruling specifies that no
subsequent restrictions on transfer are required. Whenever the restrictions
imposed hereunder shall terminate, as hereinabove provided, the Registered
Holder or holder of a share of Common Stock then outstanding as to which such
restrictions have terminated shall be entitled to receive from the Company,
without expense to such holder, one or more new certificates for the Warrant or
for such shares of Common Stock not bearing any restrictive legend.

                                       -8-

<PAGE>

            (d) FINANCIAL RISK. The Registered Holder has such business and
financial experience as is required to give it the capacity to protect its own
interests in connection with its investment.

            (e) ACCREDITED INVESTOR. The Registered Holder is an "accredited
investor" as defined by Rule 501 of Regulation D under the Securities Act, as
presently in effect.

      19. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. This Warrant has been
entered into by the Registered Holder in reliance upon the following
representations and covenants of the Company:

            (a) AUTHORIZATION. The Warrant has been duly executed and delivered
by the Company and constitutes a legal, valid and binding obligation of the
Company enforceable in accordance with its terms, subject to laws of general
application relating to bankruptcy, insolvency and the relief of debtors and
rules of law governing specific performance, injunctive relief or other
equitable remedies.

            (b) VALID ISSUANCE. The Warrant Stock is duly authorized and
reserved for issuance, and when issued, sold and delivered in accordance with
the terms of this Warrant will be duly and validly issued, fully paid and
nonassessable.

            (c) NO CONFLICT. The execution and delivery of this Warrant do not,
and the consummation of the transactions contemplated hereby will not, conflict
with, or result in any violation of, breach or default (with or without notice
or lapse of time, or both), or give rise to a right of termination, cancellation
or acceleration of any obligation or to a loss of a material benefit, under, any
provision of the Certificate of Incorporation or Bylaws of the Company or any
material agreement attached as an exhibit to the Company's SEC Documents (as
defined in the Purchase Agreement), or any judgment, order, decree, statute,
law, ordinance, rule, listing requirement or regulation applicable to the
Company, its properties or assets, which conflict, violation, default or right
would have a material adverse effect on the business, properties, prospects,
financial condition or operations of the Company.

      20. COUNTERPARTS. This Warrant may be executed in counterparts, and each
such counterpart shall be deemed an original for all purposes.

                            [SIGNATURE PAGES FOLLOW]

                                       -9-

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Common Stock Warrant as
of the date first above written.

                               VELOCITY ASSET MANAGEMENT, INC.

                                        By _____________________________________

                                        Name: __________________________________

                                                            (print)
                                        Title: _________________________________

                                        Address: Velocity Asset Management Inc.
                                                 1800 Route 34 North
                                                 Building 4, Suite 404A
                                                 Wall, NJ 07719
                                                 Attention: Chief Financial
                                        Officer

                                        Fax Number: (732) 556-2365