OTC Bulletin Board S & P Company Insight for UPSNAP, INC.
Profile
	Business Summary: UpSNAP, Inc. provides mobile entertainment services, and mobile search engine and advertising platform in the United States.   Address   134 Jackson Street   Suite 203 P.O. Box 2399   Davidson , NC 28036   Phone: 704-895-4121   Website: http://www.upsnap.com Auditor   Traci J. Anderson, CPA Transfer Agent   Nevada Agency & Trust Co. Employees:  6 ShareHolders:  1255 Founded:  2003 Domicile:  Nevada
Background
	UpSNAP, Inc. provides mobile entertainment services, and mobile search engine and advertising platform in the United States. It offers Streaming Wireless Internet Gateway platform, which enables mobile access to live and on-demand streaming audio content, including Internet-based streaming audio, radio, television, and satellite or other audio source. The company's mobile entertainment services include the sporting news flash radio service. Its mobile search engine platform allows local search via text message. The company's technology combines a search and command language with a multi-media voice over Internet protocol back-end that connects merchants that are willing to pay for new customers with consumers that benefit from the free service. UpSNAP's mobile search services include pages directory assistance, sport shows and content, horoscopes, comedy, weather, calorie counter, spelling, and airline travel information. The company also provides a multi-media search engine that allows consumers to search for mobile content, such as ring tones and mobile videos from their PC desktop. In addition, it offers pay-per-call advertising services using its voice over internet protocol platform. The company was founded in 2004 and is headquartered in Davidson, North Carolina. History:  INCORPORATED in Nevada July 25, 2003, as Manu Forti Group Inc.; name changed to UpSnap, Inc. Nov. 4, 2005. On Nov. 15, 2005, the company completed the acquisition of Up2004snap, Inc. for 11,730,000 Common shares. January 6, 2006, acquired XSVoice, Inc. for $6.3 million.   Subsidiaries: UpSNAP USA, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2006   134   Research and Development Expenditures, thousand. US Dollars   Year   Amount   2006   401
Management
	Management Officers Position  Tony C. M. Philipp Chairman, President & Chief Executive Officer  Paul  Schmidt Chief Financial Officer & Chief Accounting Officer  Wendell  Brown Chief Technology Officer Directors  Mark  McDowell  Tony C. M. Philipp  Richard A. von Gnechten
Annual Report
	Annual Report   Income Statement   2007 2006 SALES AND COST OF SALES Sales 950,020 742,851 Cost of Sales 528,634 398,878 Gross Profit 421,386 343,973 Product development expense 303,037 401,056 Sales and marketing expenses 60,481 220,904 Stock based compensation 121,979 --- General and administrative expenses 635,496 1,077,092 Amortization expense 402,885 452,070 Net operating loss (1,102,492) (1,807,149) Interest income 127 19,380 Interest expense --- 299 NET LOSS (1,102,365) (1,788,068) Net loss per share ($0.05) ($0.10) Weighted average shares 21,859,605 18,752,816   Balance Sheet   2007 2006 ASSETS Curent Assets Cash 380,796 19,382 Employee Advances --- 11,028 Accounts Receivable 168,827 285,472 Other current assets 10,944 17,812 TOTAL CURRENT ASSETS 560,567 333,694 NET PROPERTY & EQUIPMENT 124,093 81,111 Other intangibles 1,159,469 756,585 Pre-Merger Costs --- 238,556 Goodwill 4,677,862 4,677,862 Security deposits 1,115 1,115 TOTAL ASSETS 6,523,106 6,088,923 LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 125,037 252,566 Other Current Liabilities 11,512 7,436 TOTAL CURRENT LIABILITIES 136,549 260,002 LONG TERM LIABILITIES Note Payable 113,500 113,500 STOCKHOLDERS' EQUITY Common Stock, $0.001 par 21,151 22,720 Additional paid-in capital 8,226,034 8,769,194 Accumulated deficit (1,974,128) (3,076,493) TOTAL STOCKHOLDERS' EQUITY 6,273,057 5,715,421 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 6,523,106 6,088,923 Common Shares 22,720,324 21,151,324
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   2 130,000   2008   3 130,000   2007   1 250,000   2007   2 230,000   2007   3 260,000   2007   Full Year 950,000   2006   1 Nil   2006   2 240,000   2006   3 250,000   2006   Full Year 740,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   2 N/A   2008   3 N/A   2007   1 N/A   2007   2 N/A   2007   3 N/A   2007   Full Year (1,100,000)   2006   1 (360,000)   2006   2 (320,000)   2006   3 (620,000)   2006   Full Year (1,788,000)   2005   Full Year (100,000)   2004   Full Year (50,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   2 (.25)   2008   3 Nil   2007   1 (.02)   2007   2 (.01)   2007   3 (.01)   2007   Full Year (.05)   2006   1 (.03)   2006   2 (.02)   2006   3 (.03)   2006   Full Year (.10)   2005   Full Year N/A
Stock Data
	Capitalization as of 09/30/2007:     Authorized Shares Outstanding Shares Common $0.001 par 97,500,000 22,720,324   LONG TERM DEBT: $113,500.   Common $0.001 par   Stockholders:  12/31/2007, 1255. PRINCIPAL STOCKHOLDERS: December 31, 2007, Tony Philipp owned or controlled 17.2% of the Common, Richard Jones 15.1%, Wendell Brown 14.3%, XSVoice, Inc. 9.9% and Sundar Communications 6.6%.   Transfer Agent:  Nevada Agency & Trust Co.   Reno , NV   OTC Bulletin Board( Primary): UPSN   Exchange Year High Low OTC Bulletin Board 2007 0.5800 0.1500 OTC Bulletin Board 2006 2.8100 0.4200 OTC Bulletin Board 2005 2.7500 2.4000   DIVIDENDS: Common $0.001 par: No cash. Common split 1.3-for-1, Oct. 7, 2005.