Unassociated Document

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of September 8, 2008, the registrant had 31,985,000 shares of common stock, $0.001 par value, issued and outstanding.


				Page Number
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements				3

Balance Sheets as of July 31, 2008 (unaudited) and April 30, 2008				4

Statements of Operations for three months ended
July 31, 2008 and July 31, 2007; and cumulative from
inception (February 22, 2006) to July 31, 2008				5

Statements of Cash Flows for three months ended
July 31, 2008 and July 31, 2007 and cumulative results
from inception (February 22, 2006) to July 31, 2008				6

Notes to Interim Financial Statements to July 31, 2008				7

Item 2. Management's Discussion and Analysis
or Plan of Operation				8

Item 3. Qualitative and Quantitative Disclosures About Market Risk				9

Item 4. Controls and Procedures				9

Item 4T. Controls and Procedures				9

PART II - OTHER INFORMATION

Item 1. Legal Proceedings				11

Item 1A. Risk Factors				11

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds				11

Item 3. Defaults Upon Senior Securities				11

Item 4. Submission of Matters to a Vote of Security Holders				11

Item 5. Other Information				11

Item 6. Exhibits				11

	July 31, 2008			April 30, 2008
	(unaudited)


ASSETS

CURRENT
Cash	$	36		$	354
Prepaid expenses		-			3,500

	$	36		$	3,854

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT
Due to related party	$	37,075		$	25,190
Accounts payable and accrued liabilities		11,575			5,682

		48,650			30,872


STOCKHOLDERS’ DEFICIT
Capital stock
Authorized
75,000,000 shares of common stock, $0.001 par value,
Issued and outstanding
31,985,000 shares of common stock		10,000			10,000
Additional paid-in capital		12,000			12,000
Deficit accumulated during the development stage		(70,614	)		(49,018	)

		(48,614	)		(27,018	)

	$	36		$	3,854

	Three months ended July 31, 2008			Three months ended July 31, 2007			Cumulative from February 22, 2006 (Inception) to July 31, 2008


EXPENSES

Office and general	$	12,831		$	668		$	22,120
Professional fees		8,765			2,988			48,494

NET LOSS	$	(21,596	)	$	(3,656	)	$	(70,614	)


BASIC AND DILUTED NET LOSS PER SHARE	$	0.00		$	0.00

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	$	31,985,000		$	10,200,000

	Three months ended July 31, 2008			Three months ended July 31, 2007			Cumulative from February 22, 2006 (Inception) to July 31, 2008


CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(21,596	)	$	(3,656	)	$	(70,614	)
Changes in operating assets and liabilities
Pre-paid expenses		3,500			-			-
Accounts payable and accrued liabilities		5,893			968			11,575

NET CASH USED IN OPERATING ACTIVITIES		(12,203	)		(2,688	)		(59,039	)


CASH FLOWS FROM FINANCING ACTIVITIES
Related party advances		11,885			-			37,075
Proceeds from issuance of common stock		-			-			23,000
Redemption and cancellation of common stock		-			-			(1,000	)

NET CASH PROVIDED BY FINANCING ACTIVITIES		11,885			-			59,075

NET INCREASE (DECREASE) IN CASH		(318	)		(2,688	)		36

CASH, BEGINNING		354			3,345			-

CASH, ENDING	$	36		$	657			36

On June, 23, 2008, the Company authorized a 5-for-1 stock split of the outstanding common stock. On august 12, 2008, the Company changed its name from Photomatica, Inc. to Secure Runway Systems Corp. as in focuses on its new business plan of developing a secure runway system for use at airports.

The accompanying unaudited interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and with the instructions to Form 10-Q of the SEC. They do not include all information and footnotes required by generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended April 30, 2008 included in the Company's Form 10-K filed with the Securities and Exchange Commission. The interim unaudited financial statements should be read in conjunction with those financial statements included in the Form 10-K In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three months ended July 31, 2008 are not necessarily indicative of the results that may be expected for the year ending April 30, 2009.

Secure Runway Systems Corp. (“Secure Runway Systems,” “the Company,” ”our” or “we,”) was incorporated on February 22, 2006 under the name Photomatica, Inc. to enter into the stock photographic image sales industry. On May 9, 2008 Mr. Hilary Vieira became President and CEO of the Company and decided to take the Company in a new direction hoping to enhance shareholder value. On June 16, 2008 the Company filed a Schedule 14c to change its name to Secure Runway Systems Corp. We are a development stage company planning to enter into the airline safety industry with a cost-effective runway monitoring system that can be used to alert ground, tower and/or flight crew of the presence of Foreign Object Debris, “FOD”.

The Company is attempting to raise capital and start the development of its FOD prototype. If we are unable to complete any phase of our systems development or marketing efforts because we don’t have enough money, we will cease our development and or marketing operations until we raise sufficient funding. Attempting to raise capital after failing in any phase of our development plan would be difficult. As such, if we cannot secure additional proceeds we will have to cease operations. If we have to reduce or cease our business activities due to lack of funding we have no plans to engage in any other business or enterprise.

We anticipate that our current cash and cash equivalents and cash generated from operations, if any, will not satisfy our liquidity requirements for at least the next 12 months. We will require additional funds and the Company will seek to raise additional capital to obtain the working capital necessary to produce our working FOD prototype which we anticipate will cost $1,200,000. Over the next 90 days we intend to seek financing through private placements or convertible debentures.

During the next twelve months we plan to continue to define our business plan, create a website and acquire technologies that will enable us to produce our working prototype. We also intend to determine the staffing and technology resources we will require to maintain and grow our business as well as identify and hire qualified engineers and personnel that will be able to design, develop and install our system in airports

Upon completion of our prototype, we will try and identify an airport to install our system and be a beta testing location, thus enabling us to certify the product with Transport Canada. We will also initiate a marketing campaign targeting potential users. We expect to file for certifications within 300 days and we anticipate certification to take 10 to 14 months, the Company anticipates the cost of certification to be $25,000.

If we are unable to complete any phase of our systems development or marketing plans because we don’t have enough money, we will cease our development and/or marketing activities until we raise sufficient funds. Attempting to raise capital after failing in any phase of our business plan would be difficult. As such, if we cannot secure additional proceeds we will have to cease operations.

Our officer and director will be responsible for business development. We will hire hardware and software engineers to develop our prototype when we have raised the necessary capital required to complete the prototype and may outsource some of the work.

We do not expect the purchase or sale of any significant equipment other than individual components required to build our prototype FOD. We have had no material changes in financial condition or in our results of operation since the end of our fiscal year of April 30, 2008. We have not generated any revenue since inception.

As of the date of this Quarterly Report, the current funds available to the Company will not be sufficient to continue operations. The cost to establish the Company and begin operations is estimated to be approximately $1,200,000 over the next twelve months and the cost of maintaining our reporting status is estimated to be $15,000 over this same period. The officer and director, Mr. Vieira has indicated that he may be willing to provide the Company with necessary operating capital to maintain its reporting status the next twelve month period as the expenses are incurred in the form of a non-secured loan. However, there is no contract in place or written agreement securing this agreement.

Other than the above described circumstances the Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Based on their most recent evaluation, which was completed within 90 days of the filing of this Form 10-Q, the Company's Chief Executive Officer and Treasurer have identified that the lack of segregation of accounting duties as a result of limited personnel resources is a material weakness of its financial procedures. Other than for this exception, the Company’s Chief Executive Officer and treasurer believe the Company's disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) are effective to ensure that information required to be disclosed by the Company in this report is accumulated and communicated to the Company's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. There were no significant changes in the Company's internal controls or other factors that could significantly affect these controls subsequent to the date of their evaluation and there were no corrective actions with regard to significant deficiencies and material weaknesses.

The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting, as required by Sarbanes-Oxley (SOX) Section 404 A. The Company’s internal control over financial reporting is a process designed under the supervision of the Company’s Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

As of July 31, 2008, management assessed the effectiveness of the Company’s internal control over financial reporting based on the criteria for effective internal control over financial reporting established in SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation of our internal control over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

The matters involving internal controls and procedures that the Company’s management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee and lack of a majority of outside directors on the Company's board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; (3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (4) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by the Company's Chief Financial Officer in connection with the audit of our financial statements as of July 31, 2008 and communicated the matters to our management.

Management believes that the material weaknesses set forth in items (2), (3) and (4) above did not have an affect on the Company's financial results. However, management believes that the lack of a functioning audit committee and lack of a majority of outside directors on the Company's board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures can result in the Company's determination to its financial statements for the future years.

We are committed to improving our financial organization. As part of this commitment, we will create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function when funds are available to the Company: i) Appointing one or more outside directors to our board of directors who shall be appointed to the audit committee of the Company resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls and procedures; and ii) Preparing and implementing sufficient written policies and checklists which will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements.

Management believes that the appointment of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of outside directors on the Company's Board. In addition, management believes that preparing and implementing sufficient written policies and checklists will remedy the following material weaknesses (i) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (ii) ineffective controls over period end financial close and reporting processes. Further, management believes that the hiring of additional personnel who have the technical expertise and knowledge will result proper segregation of duties and provide more checks and balances within the department. Additional personnel will also provide the cross training needed to support the Company if personnel turn over issues within the department occur. This coupled with the appointment of additional outside directors will greatly decrease any control and procedure issues the company may encounter in the future.

We will continue to monitor and evaluate the effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rules 13a-15 or 15d-15 under the Exchange Act that occurred during the small business issuer's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

No director, officer, or affiliate of the issuer and no owner of record or beneficiary of more than 5% of the securities of the issuer, or any security holder is a party adverse to the small business issuer or has a material interest adverse to the small business issuer.

Nevada	20-4412118
(State of Incorporation or organization)	(IRS Employer Identification No.)

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


	Secure Runway Systems Corp.

	BY:	/s/ Hilary Vieira
		Hilary Vieira President, Secretary Treasurer, Principal Executive Officer, Principal Financial Officer and Director

Supplemental cash flow information: Cash paid for:
Interest		$	-		$	-		$	-