content: <HTML>
  <HEAD>
  <TITLE> </TITLE>
  </HEAD>
  <BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>
  
  <div style='width:600;'>
  
  
  
  <div style='border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in'><div style='border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in'>
  
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>As
  filed with the Securities and Exchange Commission on April 6, 2007.</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>Registration No. 333-</font></p>
  
  
  &nbsp;</div></div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  <b>&nbsp;</b></font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>UNITED
  STATES</b></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B>
  <font SIZE=3>SECURITIES AND EXCHANGE COMMISSION</font></B></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  Washington,<b> </b>DC 20549</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  ____________</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B>FORM S-8</B></p>
  
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>REGISTRATION STATEMENT
  UNDER THE SECURITIES ACT OF 1933</font></B></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  ____________</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>
  <font size="4">NETWORK
  CN INC.</font></b></p>
  
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact
  Name of Registrant as Specified in Its Charter)</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>&nbsp;</p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  
  
  <div align="center">
  
  
  <table width="600" border="0" cellspacing=0 cellpadding=0 id="table4" >
      <tr >
          <td width="71" valign=top style='padding:.75pt .75pt .75pt .75pt' align="center">
              &nbsp;</td>
          <td width="172" valign=top style='padding:.75pt .75pt .75pt .75pt' align="center">
              <b><font size=2>Delaware</font></b></td>
          <td width="213" valign=top style='padding:.75pt .75pt .75pt .75pt'>
              &nbsp;</td>
          <td width="199" valign=top style='padding:.75pt .75pt .75pt .75pt'>
              <p align="center"><b><font size=2>11-3177042</font></b></td>
          <td width="86" valign=top style='padding:.75pt .75pt .75pt .75pt'>
              &nbsp;</td> </tr>
      <tr >
          <td width="71" valign=top style='padding:.75pt .75pt .75pt .75pt' align="center">
              &nbsp;</td>
          <td width="172" valign=top style='padding:.75pt .75pt .75pt .75pt' align="center">
              <p style='text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>(State or Other Jurisdiction of Incorporation or Organization)</font></p> </td>
          <td width="213" valign=top style='padding:.75pt .75pt .75pt .75pt'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;</font></p> </td>
          <td width="199" valign=top style='padding:.75pt .75pt .75pt .75pt'>
              <p style='text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>(I.R.S. Employer </font></p>
  <p style='text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>Identification No.)</font></p> </td>
          <td width="86" valign=top style='padding:.75pt .75pt .75pt .75pt'>
              &nbsp;</td> </tr></table>
  
  </div>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><br>
  &nbsp;</p>
  
  
  <table border="0" cellpadding=0 width="100%" id="table7" style="border-collapse: collapse" >
      <tr >
          <td valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'>
  			<b><font size=2>21/F., Chinachem Century Tower,&nbsp; 178 Gloucester Road, Wanchai,
  			Hong Kong</font><font size=1>&nbsp;</font></b></p> </td>
  	</tr>
      <tr >
          <td valign=top >
              <p align="center"><font size=2>(Address of Principal Executive Offices)</font></td>
  	</tr></table>
  
  <p style="text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt" align="center">
  <font size="2">&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  ____________</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  Option Agreement for Mark E. Crone, Alisande M. Rozynko and Sean O'Halloran<br>
  NETWORK CN INC. 2007 STOCK OPTION/STOCK ISSUANCE PLAN</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><br>
  (<font size="2">Full Title of the Plan)</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>&nbsp;</p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>&nbsp;</p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>
  <font size="2">GODFREY CHIN TONG HUI<br>
  CHIEF EXECUTIVE OFFICER<br>
  &nbsp;</font></b></p>
  
  
  <table border="0" cellspacing=0 cellpadding=0 width="576" id="table6" >
      <tr >
          <td width="576" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'>
  			<b><font size=2>21/F., Chinachem Century Tower,&nbsp; 178 Gloucester Road, Wanchai,
  			Hong Kong</font><font size=1>&nbsp;</font></b></p> </td>
  	</tr>
      <tr >
          <td width="576" valign=top >
              <p align="center"><b><font size="2">(011) (852) 2833-2186</font></b></td>
  	</tr>
      <tr >
          <td width="576" valign=top >
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=1>(Name, Address and Telephone Number of Agent For Service)</font></p> </td>
  	</tr></table>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size="2">
  ____________</font></p>
  <div style="border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">
  <div style=" border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in">
  <p align="center"><font size="2">with copies to:</font></p>
  <p align="center"><font size="2">Crone Rozynko LLP<br>
  101 Montgomery Street, Suite 1950<br>
  San Francisco, CA 94104<br>
  (415) 955-8900</font></p>
  </div>
  </div>
  
  &nbsp;<HR noshade align=center width=100% size=2>
  <p style='page-break-before:always'></p>
  <PAGE>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CALCULATION OF REGISTRATION FEE</font></B></p>
  
  
  <div align=left>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" >
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="27%" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>Title Of Securities</font></b></p>
  <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>To Be Registered </font></b></p> </td>
          <td width="2%" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td  colspan="2" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>Amount To Be Registered</font></b></p> </td>
          <td width="2%" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td  colspan="2" valign=bottom >
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>Proposed
  			<br>
  			Maximum Offering Price Per Share</font></b></p> </td>
          <td width="2%" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td  colspan="2" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>Proposed
  			<br>
  			Maximum <br>
  			Aggregate Offering Price</font></b></p> </td>
          <td width="2%" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td  colspan="2" valign=bottom >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><b><font size=1>Amount of Registration Fee</font></b></p> </td>
          <td width="0%" valign=bottom >
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="27%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>Common Stock, $0.001 par value, , to be issued under the 2007 Stock Option/Stock Issuance Plan (1) </font></p> </td>
          <td width="2%" style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>7,500,000 </font></p> </td>
          <td width="2%"
              valign=bottom style='background:#CCEEFF;'>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>3.10 (2)</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>23,250,000 (2)</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'>
  			<font size=1>713.75</font></p> </td>
          <td width="0%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="27%" valign=bottom style='background:#FFFFFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="0%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="29%" valign=bottom style='background:#CCEEFF; ' colspan="2">
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Common Stock, $0.001 par value</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:2.25pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>100,000(3)</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>0.10 (4).</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>10,000(4)</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>0.31</font></p> </td>
          <td width="0%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="29%" valign=bottom style='background:#FFFFFF; ' colspan="2">
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Common Stock, $0.001 par value&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>100,000(3)</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>0.10 (4)..</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>10,000(4)</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>0.31</font></p> </td>
          <td width="0%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="29%" valign=bottom style='background:#CCEEFF; ' colspan="2">
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>Common Stock, $0.001 par value&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>25,000(3)</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>0.10 (4)..</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>2,500(4)</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>0.076</font></p> </td>
          <td width="0%" valign=bottom style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="27%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#FFFFFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="0%" valign=bottom style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="27%" valign=bottom style='background:#CCEEFF; '>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>Total</font></p> </td>
          <td width="2%" style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>7,725,000</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="2%" valign=bottom style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td>
          <td width="1%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>$</font></p> </td>
          <td width="15%" valign=bottom style='background:#CCEEFF; '>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'>
  			<font size="1">714.45</font></p> </td>
          <td width="0%" valign=bottom style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:-4.17%;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:-4.17%;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=center>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" >
      <tr >
          <td width="6%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>(1)</font></p> </td>
          <td width="93%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>Pursuant to Rule 416 under the Securities Act of 1933, to the extent additional shares of our Common Stock may be issued or issuable as a result of a stock split or other distribution declared at any time by our Board of Directors while this Registration Statement is in effect, this Registration Statement is hereby deemed to cover all such additional shares of Common Stock.</font></p> </td> </tr></table>
  </div>
  
  <div align=center>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" >
      <tr >
          <td width="6%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="93%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="6%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>(2)</font></p> </td>
          <td width="93%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>Estimated solely for the purpose of determining the registration fee and computed pursuant to Rule 457(c) and Rule 457(h)(1) and based upon the average of the high and low sale prices on March
  			30, 2007 as reported by the Over The Counter Bulletin Board.</font></p> </td> </tr>
      <tr >
          <td width="6%" valign=top >
  
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>(3)         </font></p> </td>
          <td width="93%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>Pursuant to option agreements for Mark E. Crone, Alisande M. Rozynko and Sean O&#146;Halloran.</font></p> </td> </tr>
      <tr >
          <td width="6%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>
  <font size=1>(4)</font></p> </td>
          <td width="93%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=1>&nbsp;</font></p>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>
  <font size=1>Priced in accordance with Rule 457(h) and Rule 457(c) at the exercise price for each of these options.</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#000033"><font size=2>&nbsp;</font></font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Part I</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>EXPLANATORY NOTE</font></B></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.25in;text-align:left'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp; This Registration Statement on Form S-8 relates to the Registrant's 2007 Stock Option/Stock Issuance Plan (the "2007 Plan") as well as option agreements issued to Mark Crone, Alisande Rozynko and Sean O&#146;Halloran, consultants to the Registrant.   </font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.25in;text-align:left'><font size=2>&nbsp;&nbsp;&nbsp;&nbsp; In accordance with the Note to Part I of Form S-8, the information specified by Part I of S-8 has been omitted from this Registration Statement on Form S-8. &nbsp;Such information will be sent or given to participants in the 2007 Plan described herein as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). &nbsp;Although such documents are not being filed with the Securities and Exchange Commission, they constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;&nbsp;</font></p>
  <!-- EEDocs PBStart-->
  <HR noshade align="center" width="100%" size="2">
  <p style='page-break-before:always'></p>
  <PAGE>
  <!-- EEDocs PBEnd-->
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>Part II</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></B></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 3.&nbsp;&nbsp; Incorporation of Documents By Reference.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>The following documents, which have been filed by Network CN, Inc. (the &#147;Company&#148; or &#147;Registrant&#148;), with the Securities and Exchange Commission (the &#147;Commission&#148;) are incorporated herein by reference in this Registration Statement:</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=center>
  
  <table border="0" cellspacing=0 cellpadding=0 width="100%" >
      <tr >
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>(a)</font></p> </td>
          <td width="83%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>The Registrant&#146;s annual report on Form 10-KSB for the fiscal year ended December 31, 2006 filed on April
  			2, 2007;</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=center>
  
  <table border="0" cellspacing=0 cellpadding=0 width="100%" >
      <tr >
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>(b)</font></p> </td>
          <td width="83%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font
  size=2>The Registrant&#146;s quarterly reports on Form 10-QSB for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006;</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=center>
  
  <table border="0" cellspacing=0 cellpadding=0 width="100%" >
      <tr >
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>(c)</font></p> </td>
          <td width="83%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>The Registrant&#146;s current reports on Form 8-K filed on May 4, 2006, June 1, 2006, June 20, 2006 (subsequently amended by Forms 8-K/A filed on August 28, 2006, September 26, November 9, 2006
  			and March 30, 2007), June 29, 2006, August 22, 2006, September 15, 2006, September 18, 2006, September 26, 2006, October 24, 2006, November 1, 2006, November 15, 2006, November 20, 2006, November 29, 2006, December 21, 2006, January 25, 2007, February 2, 2007(subsequently
  			amended by Form 8-K/A filed on March 30, 2007), February 13, 2007, February 15, 2007
  (subsequently amended by Form 8K/A filed on February 23, 2007), February 27, 2007,
  			and March 7, 2007.</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=center>
  
  <table border="0" cellspacing=0 cellpadding=0 width="100%" >
      <tr >
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="8%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>(d)</font></p> </td>
          <td width="83%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font
  size=2>The description of the Registrant&#146;s common stock, par value $0.001 per share, contained in the Registration Statement on Form 10-SB12G (File No. 033-87994) filed September, 3, 1999, including any further amendments or reports filed hereafter for purposes of updating such description.</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><br>
  All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered hereunder have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified
  or superseded, to constitute a part of this Registration Statement.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 4.&nbsp;&nbsp;&nbsp;Description of Securities.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Not Applicable.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  <!-- EEDocs PBStart-->
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 5.&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>The validity of the securities registered hereby is being passed upon for Network CN Inc. by Crone Rozynko LLP, counsel to the Company.  The Company has agreed to issue to partners of Crone Rozynko, LLP
  45,000 shares of the Company&#146;s common stock registered pursuant to this
  Registration Statement as compensation forlegal services.  As of the effective date of this registration statement, partners of Crone Rozynko LLP, </font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  
  <HR noshade align="center" width="100%" size="2">
  <p style='page-break-before:always'></p>
  <PAGE>
  <!-- EEDocs PBEnd-->
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>have received options exercisable for an aggregate of 225,000 shares of the Company&#146;s common stock, which are also being registered hereby.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 6.&nbsp;&nbsp;&nbsp;Indemnification of Officers and Directors.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:4.5pt; text-indent:5.67%;text-align:left;'>
  <font size=2>Section&nbsp;145(a) of the Delaware General Corporation Law provides in relevant part that &#147;[a] corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in
  good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person&#146;s conduct was unlawful.&#148; With respect to derivative actions, Section&nbsp;145(b) of the Delaware General Corporation Law provides in relevant part that &#147;[a] corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor&nbsp;.&nbsp;.&nbsp;. [by reason of such person&#146;s service in one of the capacities specified in the preceding sentence] against expenses (including attorneys&#146; fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably
  believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.&#148; </font></p>
  
  <p style=' margin-bottom:0pt; margin-top:9pt; text-indent:5.67%;text-align:left;'>
  <font size=2>The Company&#146;s Amended and Restated Certificate of Incorporation and Bylaws provide that the Company shall indemnify its directors and officers to the fullest extent permitted under the Delaware General Corporation Law, except that the Company will not be required to indemnify such person if the indemnification sought is in connection with a proceeding initiated by such person without the authorization of the board of directors. As permitted by the Company&#146;s Bylaws, the Company may obtain insurance on behalf of its directors and officers against liability arising out of his or her actions in such capacity, regardless of whether the Company has the power to indemnify such individual against such liability under the provisions of the Delaware General Corporation Law. </font></p>
  
  <p style=' margin-bottom:0pt; margin-top:9pt; text-indent:5.67%;text-align:left;'>
  <font size=2>The Company intends to enter into indemnification agreements, within the next 60 to 90 days, with each of its directors and executive officers that provide the maximum indemnity allowed to directors and executive officers by Section 145 of the Delaware General Corporation Law. </font></p>
  
  <p style=' margin-bottom:0pt; margin-top:9pt; text-indent:5.67%;text-align:left;'>
  <font size=2>The Company has also obtained on behalf of its directors and executive officers insurance against losses arising from claim asserted against or incurred by such individual in any such capacity, subject to certain exclusions.  </font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  <!-- EEDocs PBStart-->
  
  <p style=' margin-bottom:0pt; margin-top:9pt; text-indent:5.67%;text-align:left;'><font size=2>
  The indemnification provision in the Company&#146;s Amended and Restated Certificate
  of Incorporation Bylaws may be sufficiently broad to permit indemnification of
  the Company&#146;s officers and directors for liabilities arising under the
  Securities Act of 1933, as amended (the &#147;Securities Act&#148;). </font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 7.&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Not Applicable.</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  
  <HR noshade align="center" width="100%" size="2">
  <p style='page-break-before:always'></p>
  <PAGE>
  <!-- EEDocs PBEnd-->
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 8.&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>See Exhibit Index immediately following the signature page.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><b><font size=2>Item 9.&nbsp;&nbsp;&nbsp;&nbsp; Undertakings.</font></b></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  
  <div align=left>
  
  <p style="text-indent: 0pt; text-align: left; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt"><font SIZE=2>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes:</font></div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.17%;text-align:left;'><font size=2> (1)&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made, a post-effective    amendment to this registration statement;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;<br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To include any  prospectus  required  by Section 10(a)(3) of the Securities Act of   1933;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:15.5%;text-align:left;'><font size=2>
  <br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To  reflect in the  prospectus  any facts or events  arising after the effective date of the  registration  statement (or the most recent  post-effective  amendment  thereof)  which,  individually or in the aggregate,  represent a fundamental  change in the  information set forth in the registration statement; and<br>
  <br>
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii)&nbsp;&nbsp;&nbsp;&nbsp;    To include  any  material  information  with respect to the plan of distribution not previously disclosed in the registration statement  or any  material  change  to  such  information  in the  registration statement;  provided, however, that paragraphs A(1)(i) and A(1)(ii) do not apply if the information  required to be included in a  post-effective  amendment  by those  paragraphs  is  contained  in periodic  reports  filed by the  registrant pursuant to Section 13 or 15(d) of the Securities  Exchange Act of 1934 that are incorporated by reference in the registration statement.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.17%;text-align:left;'><font size=2> (2)&nbsp;&nbsp;&nbsp;&nbsp; That,  for the purpose of  determining  any liability under the Securities Act of 1933,  each such  post-effective  amendment shall be deemed to be a new  registration  statement  relating to the securities  offered therein,  and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:10.17%;text-align:left;'><font size=2> (3)&nbsp;&nbsp;&nbsp;&nbsp; To   remove  from  registration  by  means  of  a post-effective  amendment any of the securities  being  registered  which remain unsold at the termination of the offering.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.17%;text-align:left;'><font size=2>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The  undersigned   registrant   hereby  undertakes  that,  for purposes of determining  liability under the Securities Act of 1933, each filing of the  registrant's  annual  report  pursuant to Section  13(a) or 15(d) of the Securities  Exchange  Act of  1934  that is  incorporated  by  reference  in the registration  statement shall be deemed a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.17%;text-align:left;'><font size=2>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification  for liabilities  arising under the Securities Act may be permitted to directors,  officers and controlling  persons of the  registrant  pursuant to the  foregoing  provisions,  or  otherwise,  the registrant  has been advised that in the opinion of the  Securities and Exchange Commission  such  indemnification  is against  public policy as expressed in the Securities Act and is, therefore,  unenforceable.  In the event that a claim for indemnification against such liabilities  (other  than  the  payment  by  the registrant of expenses  incurred or paid by a director,  officer or  controlling person of the  registrant  in the  successful  defense  of any  action,  suit or proceeding)  is  asserted by such  director,  officer or  controlling  person in connection with the securities being registered,  the registrant will, unless in the opinion o
  
  f its
  counsel the matter has been settled by controlling precedent, submit  to a  court  of appropriate  jurisdiction  the  question  whether  such indemnification  by it is against  public policy as expressed in the  Securities Act and will be governed by the final adjudication of such issue.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  <!-- EEDocs PBStart-->
  <HR noshade align="center" width="100%" size="2">
  <p style='page-break-before:always'></p>
  <PAGE>
  <!-- EEDocs PBEnd-->
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Wanchai, Hong Kong, on
  April 6, 2007.</font></p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  <table width="100%" border="0" cellpadding="0" id="table1" style="border-collapse: collapse">
  	<tr style="font-family: serif; font-size: 10pt; font-weight: bold">
  		<td>&nbsp;</td>
  		<td>&nbsp;</td>
  		<td width="50%"><b><font size=2>Network CN Inc.</font></b></td>
  	</tr>
  	<tr>
  		<td colspan="3">&nbsp;</td>
  	</tr>
  	<tr>
  		<td colspan="3">&nbsp;</td>
  	</tr>
  	<tr style="font-family: serif; font-size: 10pt">
  		<td>&nbsp;</td>
  		<td width="7%">By:</td>
  		<td style="border-bottom: 1px solid black">/s/ <font size=2>Godfrey Chin
  		Tong Hui</font></td>
  	</tr>
  	<tr style="font-family: serif; font-size: 10pt">
  		<td>&nbsp;</td>
  		<td>&nbsp;</td>
  		<td><font size=2>Godfrey Chin Tong Hui</font></td>
  	</tr>
  	<tr style="font-family: serif; font-size: 10pt">
  		<td>&nbsp;</td>
  		<td>&nbsp;</td>
  		<td><font size=2>Chief Executive Officer<br>
  		(Principal Executive Officer)&nbsp;</font></td>
  	</tr>
  </table>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>&nbsp;</p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>POWER OF ATTORNEY</font></B></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.33%;text-align:left;'><font size=2>Each person whose signature appears below hereby severally constitutes and appoints Godfrey Chin Tong Hui , as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacities to sign any and all amendments to this registration statement on Form S-8, including any post-effective amendments hereto, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact and agents or any of them or their or his substitute or
  substitutes, may lawfully do or cause to be done by virtue hereof.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Act of 1933, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=left>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" >
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><u><b><font size=2>Signature</font></b></u></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><u><b><font size=2>Title Date</font></b></u></p> </td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font
  size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top style='border-bottom: solid black 1.0pt;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>/s/ Godfrey Chin Tong Hui&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="35%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			Director &amp; Chief Executive Officer&nbsp;           </font></p> </td>
          <td width="11%" valign=top >
              <font size="2">4/6/2007</font></td> </tr>
      <tr >
          <td width="41%" valign=top>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Godfrey Chin Tong Hui</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top style='border-bottom: solid black 1.0pt;'>
  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>/s/ Benedict Fung&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="23%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>President                                              </font></p> </td>
          <td width="22%" valign=top >
              <font size="2">4/6/2007</font></td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Benedict Fung</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font
  size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top style='border-bottom: solid black 1.0pt;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>/s/ Raymond
  Chan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="23%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>Director                                                </font></p> </td>
          <td width="22%" valign=top >
              <font size="2">4/6/2007</font></td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Raymond Chan</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr></table>
  </div>
  
  
  <div align=left>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" id="table3" >
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top style='border-bottom: solid black 1.0pt;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			/s/ Stanley Chu</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="35%" valign=top >
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			Director </font></p> </td>
          <td width="12%" valign=top >
              <font size="2">4/6/2007</font></td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			Stanley Chu</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font
  size=2>&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top style='border-bottom: solid black 1.0pt;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			/s/ Daniel Kuen Kwok So&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td>
          <td width="13%" valign=top >
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="35%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			Director </font></p> </td>
          <td width="12%" valign=top >
              <font size="2">4/6/2007</font></td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			Daniel Kuen Kwok So</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="41%" valign=top >
              <font size="2">&nbsp;</font></td>
          <td width="13%" valign=top >
              <font size="2">&nbsp;</font></td>
          <td width="45%" valign=top colspan="2" >
              <font size="2">&nbsp;</font></td> </tr>
      </table>
  </div>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" id="table8" >
      <tr >
          <td width="41%" valign=top style='border-bottom: solid black 1.0pt;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			/s/ Daley Mok</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="35%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:1.0pt;margin-bottom:0pt;'><font size=2>
  			Chief Financial Officer </font></p> </td>
          <td width="12%" valign=top >
              <font size="2">4/6/2007</font></td> </tr>
      <tr >
          <td width="41%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			Daley Mok</font></p> </td>
          <td width="13%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			&nbsp;</font></p> </td>
          <td width="45%" valign=top colspan="2" >
              <p style='margin-left:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>
  			(Principal Financial and Accounting Officer)</font></p> </td> </tr></table>
  
  
  <!-- EEDocs PBStart-->
  <HR noshade align="center" width="100%" size="2">
  <p style='page-break-before:always'></p>
  <PAGE>
  <!-- EEDocs PBEnd-->
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;<br>
  &nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><U><B><font SIZE=2>EXHIBIT INDEX</font></B></U></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  
  <div align=left>
  
  <table border="0" cellpadding=0 width="100%" style="border-collapse: collapse" >
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><u><font size=2>Exhibit Number</font></u></p> </td>
          <td width="81%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><u><font size=2>Description</font></u></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="81%" valign=top >
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>4.1</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
  
  <p style='margin:0in;margin-bottom:.0001pt;'><font size=2>Articles of Incorporation incorporated herein by reference from Registrant&#146;s Report on Form 10-SB12G/A filed with the SEC on January 24, 2000.</font></p>
  		</td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:white;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:white;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>4.2</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Amendment to Articles of Incorporation incorporated herein by reference from Exhibit A to Registrant&#146;s Definitive Information Statement on Schedule 14C filed with the SEC on March 26, 2004.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:white;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:white;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>4.3</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Amendment to Articles of Incorporation incorporated herein by reference from Exhibit A to Registrant&#146;s Definitive Information Statement on Schedule 14A filed with the SEC on July 12, 2006.  </font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:white;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:white;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>4.4</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Amended and Restated By-Laws, adopted on January 10, 2006, is incorporated herein by reference from Exhibit 3-(II) to Registrant&#146;s Current Report on Form 8-K filed with the SEC on January 18, 2006.</font><font size=1>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>&nbsp;</p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" style='background:#CCEEFF;' valign="top">
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt'><font size=2>&nbsp;5.1*</font><font size=1>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>
  			<font size=2>Opinion of Crone Rozynko LLP as to the legality of the securities registered hereunder.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>10.1*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Network CN Inc. 2007 Equity Incentive Plan.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>10.2*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Form of Stock Option Agreement for Mark E. Crone.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>10.3*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Form of Stock Option Agreement for Alisande M. Rozynko.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>10.4*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Form of Stock Option Agreement for Sean O&#146;Halloran.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font><font size=1>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>23.1*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Consent of Independent Auditor
  			- Webb &amp; Company P.A.</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              &nbsp;</td> </tr>
      <tr style="font-size: 10pt; font-family: serif" bgcolor="#CCEEFF" >
          <td width="18%" valign=top style='background-position: 0% 0%; background-image:none; background-repeat:repeat; background-attachment:scroll' align="center">
              23.2*</td>
          <td width="81%" valign=top style='background-position: 0% 0%; background-image:none; background-repeat:repeat; background-attachment:scroll' align="center">
              <p align="left"><font size=2>Consent of Independent Auditor - Jimmy
  			C.H. Cheung &amp; Co.</font></td> </tr>
      <tr style="font-size: 10pt; font-family: serif" bgcolor="#FFFFFF" >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr style="font-size: 10pt; font-family: serif" bgcolor="#CCEEFF" >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p
  style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>23.3*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Consent of Crone Rozynko LLP (contained in Opinion of Crone Rozynko LLP, filed as Exhibit 5.1 herewith).</font></p> </td> </tr></table>
  </div>
  
  <div align=left>
  
  <table border="0" cellspacing=0 cellpadding=0 width="100%" id="table2" >
      <tr >
          <td width="18%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'>&nbsp;</p> </td>
          <td width="81%" valign=top style='background:#FFFFFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>&nbsp;</font></p> </td> </tr>
      <tr >
          <td width="18%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;'><font size=2>24.1*</font></p> </td>
          <td width="81%" valign=top style='background:#CCEEFF;'>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;'><font size=2>Power of Attorney (set forth on the signature page to this Registration Statement).</font></p> </td> </tr></table>
  </div>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
              <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>*Filed herewith.&nbsp;</font></p>
  
  <p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
  
  <HR noshade align="center" width="100%" size="2">
  
  
  </div>
  </BODY>
  </HTML>
metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "m32171s8.htm", "secsgml_size_bytes": 87019}]
metadata_filer: {"company-data": {"conformed-name": "NETWORK CN INC", "cik": "0000934796", "assigned-sic": "6770", "irs-number": "113177042", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-141943", "film-number": "07754370"}, "business-address": {"street1": "21/F CHINACHEM CENTURY TOWER", "street2": "178 GLOUCESTER ROAD", "city": "WANCHAI, HONG KONG", "state": "K3", "zip": "00000", "phone": "852 2833 2186"}, "mail-address": {"street1": "21/F CHINACHEM CENTURY TOWER", "street2": "178 GLOUCESTER ROAD", "city": "WANCHAI, HONG KONG", "state": "K3", "zip": "00000"}, "former-company": [{"former-conformed-name": "TEDA TRAVEL GROUP INC", "date-changed": "20040420"}, {"former-conformed-name": "ACOLA CORP", "date-changed": "20011026"}, {"former-conformed-name": "MEGACHAIN COM LTD", "date-changed": "19990827"}]}
text: As
  filed with the Securities and Exchange Commission on April 6, 2007.
  Registration No. 333-
  UNITED
  STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington,
  DC 20549
  ____________
  FORM S-8
  REGISTRATION STATEMENT
  UNDER THE SECURITIES ACT OF 1933
  ____________
  NETWORK
  CN INC.
  (Exact
  Name of Registrant as Specified in Its Charter)
  Delaware
  11-3177042
  (State or Other Jurisdiction of Incorporation or Organization)
  (I.R.S. Employer
  Identification No.)
  21/F., Chinachem Century Tower,  178 Gloucester Road, Wanchai,
  			Hong Kong
  (Address of Principal Executive Offices)
  ____________
  Option Agreement for Mark E. Crone, Alisande M. Rozynko and Sean O'Halloran
  NETWORK CN INC. 2007 STOCK OPTION/STOCK ISSUANCE PLAN
  (
  Full Title of the Plan)
  GODFREY CHIN TONG HUI
  CHIEF EXECUTIVE OFFICER
  21/F., Chinachem Century Tower,  178 Gloucester Road, Wanchai,
  			Hong Kong
  (011) (852) 2833-2186
  (Name, Address and Telephone Number of Agent For Service)
  ____________
  with copies to:
  Crone Rozynko LLP
  101 Montgomery Street, Suite 1950
  San Francisco, CA 94104
  (415) 955-8900
  CALCULATION OF REGISTRATION FEE
  Title Of Securities
  To Be Registered
  Amount To Be Registered
  Proposed
  Maximum Offering Price Per Share
  Proposed
  Maximum
  Aggregate Offering Price
  Amount of Registration Fee
  Common Stock, $0.001 par value, , to be issued under the 2007 Stock Option/Stock Issuance Plan (1)
  7,500,000
  $
  3.10 (2)
  $
  23,250,000 (2)
  $
  713.75
  Common Stock, $0.001 par value
  100,000(3)
  $
  0.10 (4).
  $
  10,000(4)
  $
  0.31
  Common Stock, $0.001 par value
  100,000(3)
  $
  0.10 (4)..
  $
  10,000(4)
  $
  0.31
  Common Stock, $0.001 par value
  25,000(3)
  $
  0.10 (4)..
  $
  2,500(4)
  $
  0.076
  Total
  7,725,000
  $
  $
  714.45
  (1)
  Pursuant to Rule 416 under the Securities Act of 1933, to the extent additional shares of our Common Stock may be issued or issuable as a result of a stock split or other distribution declared at any time by our Board of Directors while this Registration Statement is in effect, this Registration Statement is hereby deemed to cover all such additional shares of Common Stock.
  (2)
  Estimated solely for the purpose of determining the registration fee and computed pursuant to Rule 457(c) and Rule 457(h)(1) and based upon the average of the high and low sale prices on March
  			30, 2007 as reported by the Over The Counter Bulletin Board.
  (3)
  Pursuant to option agreements for Mark E. Crone, Alisande M. Rozynko and Sean O'Halloran.
  (4)
  Priced in accordance with Rule 457(h) and Rule 457(c) at the exercise price for each of these options.
  Part I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  EXPLANATORY NOTE
  This Registration Statement on Form S-8 relates to the Registrant's 2007 Stock Option/Stock Issuance Plan (the "2007 Plan") as well as option agreements issued to Mark Crone, Alisande Rozynko and Sean O'Halloran, consultants to the Registrant.
  In accordance with the Note to Part I of Form S-8, the information specified by Part I of S-8 has been omitted from this Registration Statement on Form S-8.  Such information will be sent or given to participants in the 2007 Plan described herein as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the "Securities Act").  Although such documents are not being filed with the Securities and Exchange Commission, they constitute (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.
  Part II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.   Incorporation of Documents By Reference.
  The following documents, which have been filed by Network CN, Inc. (the "Company" or "Registrant"), with the Securities and Exchange Commission (the "Commission") are incorporated herein by reference in this Registration Statement:
  (a)
  The Registrant's annual report on Form 10-KSB for the fiscal year ended December 31, 2006 filed on April
  			2, 2007;
  (b)
  The Registrant's quarterly reports on Form 10-QSB for the quarters ended March 31, 2006, June 30, 2006 and September 30, 2006;
  (c)
  The Registrant's current reports on Form 8-K filed on May 4, 2006, June 1, 2006, June 20, 2006 (subsequently amended by Forms 8-K/A filed on August 28, 2006, September 26, November 9, 2006
  			and March 30, 2007), June 29, 2006, August 22, 2006, September 15, 2006, September 18, 2006, September 26, 2006, October 24, 2006, November 1, 2006, November 15, 2006, November 20, 2006, November 29, 2006, December 21, 2006, January 25, 2007, February 2, 2007(subsequently
  			amended by Form 8-K/A filed on March 30, 2007), February 13, 2007, February 15, 2007
  (subsequently amended by Form 8K/A filed on February 23, 2007), February 27, 2007,
  			and March 7, 2007.
  (d)
  The description of the Registrant's common stock, par value $0.001 per share, contained in the Registration Statement on Form 10-SB12G (File No. 033-87994) filed September, 3, 1999, including any further amendments or reports filed hereafter for purposes of updating such description.
  All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 after the date hereof and prior to the filing of a post-effective amendment which indicates that all securities offered hereunder have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified
  or superseded, to constitute a part of this Registration Statement.
  Item 4.   Description of Securities.
  Not Applicable.
  Item 5.   Interests of Named Experts and Counsel.
  The validity of the securities registered hereby is being passed upon for Network CN Inc. by Crone Rozynko LLP, counsel to the Company.  The Company has agreed to issue to partners of Crone Rozynko, LLP
  45,000 shares of the Company's common stock registered pursuant to this
  Registration Statement as compensation forlegal services.  As of the effective date of this registration statement, partners of Crone Rozynko LLP,
  have received options exercisable for an aggregate of 225,000 shares of the Company's common stock, which are also being registered hereby.
  Item 6.   Indemnification of Officers and Directors.
  Section 145(a) of the Delaware General Corporation Law provides in relevant part that "[a] corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in
  good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful." With respect to derivative actions, Section 145(b) of the Delaware General Corporation Law provides in relevant part that "[a] corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor . . . [by reason of such person's service in one of the capacities specified in the preceding sentence] against expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably
  believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper."
  The Company's Amended and Restated Certificate of Incorporation and Bylaws provide that the Company shall indemnify its directors and officers to the fullest extent permitted under the Delaware General Corporation Law, except that the Company will not be required to indemnify such person if the indemnification sought is in connection with a proceeding initiated by such person without the authorization of the board of directors. As permitted by the Company's Bylaws, the Company may obtain insurance on behalf of its directors and officers against liability arising out of his or her actions in such capacity, regardless of whether the Company has the power to indemnify such individual against such liability under the provisions of the Delaware General Corporation Law.
  The Company intends to enter into indemnification agreements, within the next 60 to 90 days, with each of its directors and executive officers that provide the maximum indemnity allowed to directors and executive officers by Section 145 of the Delaware General Corporation Law.
  The Company has also obtained on behalf of its directors and executive officers insurance against losses arising from claim asserted against or incurred by such individual in any such capacity, subject to certain exclusions.
  The indemnification provision in the Company's Amended and Restated Certificate
  of Incorporation Bylaws may be sufficiently broad to permit indemnification of
  the Company's officers and directors for liabilities arising under the
  Securities Act of 1933, as amended (the "Securities Act").
  Item 7.   Exemption from Registration Claimed.
  Not Applicable.
  Item 8.     Exhibits.
  See Exhibit Index immediately following the signature page.
  Item 9.     Undertakings.
  A.        The undersigned registrant hereby undertakes:
  (1)     To file, during any period in which offers or sales are being made, a post-effective    amendment to this registration statement;
  (i)       To include any  prospectus  required  by Section 10(a)(3) of the Securities Act of   1933;
  (ii)      To  reflect in the  prospectus  any facts or events  arising after the effective date of the  registration  statement (or the most recent  post-effective  amendment  thereof)  which,  individually or in the aggregate,  represent a fundamental  change in the  information set forth in the registration statement; and
  (iii)        To include  any  material  information  with respect to the plan of distribution not previously disclosed in the registration statement  or any  material  change  to  such  information  in the  registration statement;  provided, however, that paragraphs A(1)(i) and A(1)(ii) do not apply if the information  required to be included in a  post-effective  amendment  by those  paragraphs  is  contained  in periodic  reports  filed by the  registrant pursuant to Section 13 or 15(d) of the Securities  Exchange Act of 1934 that are incorporated by reference in the registration statement.
  (2)     That,  for the purpose of  determining  any liability under the Securities Act of 1933,  each such  post-effective  amendment shall be deemed to be a new  registration  statement  relating to the securities  offered therein,  and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
  (3)     To   remove  from  registration  by  means  of  a post-effective  amendment any of the securities  being  registered  which remain unsold at the termination of the offering.
  B.        The  undersigned   registrant   hereby  undertakes  that,  for purposes of determining  liability under the Securities Act of 1933, each filing of the  registrant's  annual  report  pursuant to Section  13(a) or 15(d) of the Securities  Exchange  Act of  1934  that is  incorporated  by  reference  in the registration  statement shall be deemed a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
  C.        Insofar as indemnification  for liabilities  arising under the Securities Act may be permitted to directors,  officers and controlling  persons of the  registrant  pursuant to the  foregoing  provisions,  or  otherwise,  the registrant  has been advised that in the opinion of the  Securities and Exchange Commission  such  indemnification  is against  public policy as expressed in the Securities Act and is, therefore,  unenforceable.  In the event that a claim for indemnification against such liabilities  (other  than  the  payment  by  the registrant of expenses  incurred or paid by a director,  officer or  controlling person of the  registrant  in the  successful  defense  of any  action,  suit or proceeding)  is  asserted by such  director,  officer or  controlling  person in connection with the securities being registered,  the registrant will, unless in the opinion o
  
  f its
  counsel the matter has been settled by controlling precedent, submit  to a  court  of appropriate  jurisdiction  the  question  whether  such indemnification  by it is against  public policy as expressed in the  Securities Act and will be governed by the final adjudication of such issue.
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Wanchai, Hong Kong, on
  April 6, 2007.
  Network CN Inc.
  By:
  /s/
  Godfrey Chin
  		Tong Hui
  Godfrey Chin Tong Hui
  Chief Executive Officer
  (Principal Executive Officer)
  POWER OF ATTORNEY
  Each person whose signature appears below hereby severally constitutes and appoints Godfrey Chin Tong Hui , as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacities to sign any and all amendments to this registration statement on Form S-8, including any post-effective amendments hereto, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact and agents or any of them or their or his substitute or
  substitutes, may lawfully do or cause to be done by virtue hereof.
  Pursuant to the requirements of the Securities Act of 1933, this Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.
  Signature
  Title Date
  /s/ Godfrey Chin Tong Hui
  Director & Chief Executive Officer
  4/6/2007
  Godfrey Chin Tong Hui
  /s/ Benedict Fung
  President
  4/6/2007
  Benedict Fung
  /s/ Raymond
  Chan
  Director
  4/6/2007
  Raymond Chan
  /s/ Stanley Chu
  Director
  4/6/2007
  Stanley Chu
  /s/ Daniel Kuen Kwok So
  Director
  4/6/2007
  Daniel Kuen Kwok So
  /s/ Daley Mok
  Chief Financial Officer
  4/6/2007
  Daley Mok
  (Principal Financial and Accounting Officer)
  EXHIBIT INDEX
  Exhibit Number
  Description
  4.1
  Articles of Incorporation incorporated herein by reference from Registrant's Report on Form 10-SB12G/A filed with the SEC on January 24, 2000.
  4.2
  Amendment to Articles of Incorporation incorporated herein by reference from Exhibit A to Registrant's Definitive Information Statement on Schedule 14C filed with the SEC on March 26, 2004.
  4.3
  Amendment to Articles of Incorporation incorporated herein by reference from Exhibit A to Registrant's Definitive Information Statement on Schedule 14A filed with the SEC on July 12, 2006.
  4.4
  Amended and Restated By-Laws, adopted on January 10, 2006, is incorporated herein by reference from Exhibit 3-(II) to Registrant's Current Report on Form 8-K filed with the SEC on January 18, 2006.
  5.1*
  Opinion of Crone Rozynko LLP as to the legality of the securities registered hereunder.
  10.1*
  Network CN Inc. 2007 Equity Incentive Plan.
  10.2*
  Form of Stock Option Agreement for Mark E. Crone.
  10.3*
  Form of Stock Option Agreement for Alisande M. Rozynko.
  10.4*
  Form of Stock Option Agreement for Sean O'Halloran.
  23.1*
  Consent of Independent Auditor
  			- Webb & Company P.A.
  23.2*
  Consent of Independent Auditor - Jimmy
  			C.H. Cheung & Co.
  23.3*
  Consent of Crone Rozynko LLP (contained in Opinion of Crone Rozynko LLP, filed as Exhibit 5.1 herewith).
  24.1*
  Power of Attorney (set forth on the signature page to this Registration Statement).
  *Filed herewith.