-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 9LujMy2FvEPb7s+ba2ERgQ==

<SEC-DOCUMENT>0001072613-07-002796.txt : 20071119
<SEC-HEADER>0001072613-07-002796.hdr.sgml : 20071119
<ACCEPTANCE-DATETIME>20071119093407
ACCESSION NUMBER:		0001072613-07-002796
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071114
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071119
DATE AS OF CHANGE:		20071119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETWORK 1 SECURITY SOLUTIONS INC
		CENTRAL INDEX KEY:			0001065078
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				113027591
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15288
		FILM NUMBER:		071254954

	BUSINESS ADDRESS:	
		STREET 1:		1601 TRAPELO RD
		STREET 2:		RESERVOIR PLACE
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451
		BUSINESS PHONE:		7815223400

	MAIL ADDRESS:	
		STREET 1:		1601 TRAPELO RD
		STREET 2:		RESERVOIR PLACE
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k_15587.txt
<DESCRIPTION>FORM 8-K DATED AUGUST 14, 2007
<TEXT>
================================================================================

                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                              --------------------

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): November 14, 2007
                                                          ----------------------


                       Network-1 Security Solutions, Inc.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


         Delaware                    1-14896                      11-3027591
- --------------------------------------------------------------------------------
(State or other jurisdiction       (Commission                  (IRS Employer
     of incorporation)             File Number)              Identification No.)


              445 Park Avenue, Suite 1028, New York, New York 10022
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)


Registrant's telephone number, including area code:  (212) 829-5700


                                       N/A
         --------------------------------------------------------------
         (Former name or former address, if changed since last report.)


     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

     [_]  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     [_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     [_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     [_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))

================================================================================
<PAGE>

ITEM 2.02   RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On November 14, 2007, the Company issued a press release announcing its
results of operations for the quarter ended September 30, 2007. A copy of the
press release is furnished herewith as Exhibit 99.1.

     The information contained in this Item 2.02, including Exhibit 99.1
attached hereto, is being furnished and shall not be deemed to be "filed" for
the purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that Section. Furthermore, the
information contained in this Item 2.02 or Exhibit 99.1 shall not be deemed to
be incorporated by reference into any registration statement or other document
filed pursuant to the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such filing.




ITEM 9.01   FINANCIAL STATEMENTS ARE EXHIBITS

Exhibit
Number      Description
- -------     -----------
99.1        Press Release, dated November 14, 2007







                                        2
<PAGE>
                                    SIGNATURE
                                    ---------

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                   NETWORK-1 SECURITY SOLUTIONS, INC.



Dated:  November 16, 2007          By: /s/ Corey M. Horowitz
                                       ------------------------------
                                       Name:  Corey M. Horowitz
                                       Title: Chairman & Chief Executive Officer
















                                        3
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh99-1_15587.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                    EXHIBIT 99.1
                                                                    ------------


FOR IMMEDIATE RELEASE
- ---------------------

Corey M. Horowitz, Chairman and CEO
Network-1 Security Solutions, Inc.
(212) 829-5770



                  NETWORK-1 REPORTS THIRD QUARTER 2007 RESULTS

         NEW YORK, NEW YORK NOVEMBER 14, 2007-- Network-1 Security Solutions,
Inc. (OTC BB: NSSI) today announced financial results for the quarter ended
September 30, 2007. Network-1 reported a net loss of ($134,000) or $(0.01) per
share for the third quarter ended September 30, 2007 as compared to a net loss
of ($440,000) or $(.02) per share for the third quarter ended September 30,
2006. Included in net loss for the quarter ended September 30, 2007 was
$(67,000) in non-cash compensation expense.

         Network-1 reported a net loss for the nine months ended September 30,
2007 of $(2,531,000) or $(0.12) per share, compared with a net loss of
$(1,056,000), or $(0.06) per share for the nine months ended September 30, 2006.
Included in net loss for the nine months ended September 30, 2007 was
$(1,294,000) in non-cash compensation expense.

         Network-1 had revenues of $181,000 for the three months ended September
30, 2007 which were related to the settlement of its patent litigation action
against D-Link Corporation and the receipt of royalties for the three months
ended September 30, 2007 pursuant to the Company's license agreement with
D-Link. The Company had no revenues for the three or nine months ended September
30, 2006.

         At September 30, 2007, the Company had approximately $4,973,000 in cash
and cash equivalents which management believes will more likely than not be
sufficient to fund its operations until at least December 2008.

         On August 10, 2007, the Company finalized the settlement of its patent
infringement litigation against D-Link in the United States District Court for
the Eastern District of Texas, Tyler Division, for infringement of the Company's
Remote Power Patent (U.S. Patent No. 6,218,930). Under the terms of the
settlement, D-Link entered into a license agreement for the Remote Power Patent
the terms of which include monthly royalty payments of 3.25% of the net sales of
D-Link branded Power over Ethernet products, including those products which
comply with the IEEE 802.3af and 802.3at Standards, for the full term of the
Remote Power Patent, which expires in March 2020. The royalty rates are subject
to adjustment beginning after the first quarter of 2008 to a rate consistent
with other similarly situated licensees of the Remote Power Patent based on
units of shipments of licensed products. In addition, D-Link paid Network-1
$100,000 upon signing the settlement agreement.
<PAGE>
         The Remote Power Patent relates to, among other things, the delivery of
power over Ethernet cables in order to remotely power network connected devices
including, among others, wireless switches, wireless access points, RFID card
readers, VoIP telephones and network cameras. In June 2003, the Institute of
Electrical and Electronic Engineers (IEEE) approved the 802.3af Power over
Ethernet ("PoE") standard which has led to the rapid adoption of PoE. The IEEE
is currently working on the 802.3at Power over Ethernet Plus (PoE Plus) Standard
which will increase the maximum power delivered to devices to 60 watts from the
current 13 watts under 802.3af.

ABOUT NETWORK-1 SECURITY SOLUTIONS, INC.

Network-1 Security Solutions, Inc. is engaged in the acquisition, development,
licensing and protection of its intellectual property and proprietary
technologies. It currently owns six patents covering various telecommunications
and data networking technologies and is currently focusing its licensing efforts
on its Remote Power Patent (U.S. Patent No. 6,218,930) covering the remote
delivery of power over Ethernet networks. The Remote Power Patent was granted by
the U.S. Office of Patents and Trademarks on April 17, 2001 and expires on March
7, 2020.

THIS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE "SAFE
HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
THESE STATEMENTS ADDRESS FUTURE EVENTS AND CONDITIONS CONCERNING THE COMPANY'S
BUSINESS PLANS. SUCH STATEMENTS ARE SUBJECT TO A NUMBER OF RISK FACTORS AND
UNCERTAINTIES AS DISCLOSED IN THE COMPANY'S QUARTERLY REPORT ON FORM 10-QSB FOR
THE QUARTER ENDED SEPTEMBER 30, 2007 INCLUDING, AMONG OTHERS, THE ABILITY OF
NETWORK-1 TO OBTAIN LICENSE AGREEMENTS FROM THIRD PARTIES FOR ITS PATENT
PORTFOLIO, UNCERTAINTY OF PATENT LITIGATION, THE COMPANY'S ABILITY TO ACHIEVE
REVENUES AND PROFITS FROM ITS PATENT PORTFOLIO, THE COMPANY'S ABILITY TO RAISE
CAPITAL WHEN NEEDED, FUTURE ECONOMIC CONDITIONS AND TECHNOLOGY CHANGES AND
LEGISLATIVE, REGULATORY AND COMPETITIVE DEVELOPMENTS. EXCEPT AS OTHERWISE
REQUIRED TO BE DISCLOSED IN PERIODIC REPORTS, THE COMPANY EXPRESSLY DISCLAIMS
ANY FUTURE OBLIGATION OR UNDERTAKING TO UPDATE OR REVISE ANY FORWARD-LOOKING
STATEMENT CONTAINED HEREIN.


INVESTOR CONTACT:

     Alliance Advisors, LLC
     Alan Sheinwald, 914-244-0062
     asheinwald@allianceadvisors.net
     -------------------------------



The condensed statements of operations and condensed balance sheets are
attached.

<PAGE>
NETWORK-1 SECURITY SOLUTIONS, INC.
CONDENSED STATEMENTS OF OPERATIONS
(UNAUDITED)
<TABLE><CAPTION>
                                                  THREE MONTHS ENDED              NINE MONTHS ENDED
                                                     SEPTEMBER 30,                   SEPTEMBER 30,
                                             ----------------------------    ----------------------------
                                                 2007            2006            2007            2006
                                             ------------    ------------    ------------    ------------
<S>                                          <C>             <C>             <C>             <C>
Revenues
   Royalties                                 $    181,000              --    $    181,000              --
   Cost of Royalties                                9,000              --           9,000              --
                                             ------------    ------------    ------------    ------------
Gross Margin                                      172,000              --         172,000              --
                                             ------------    ------------    ------------    ------------

   Operating expenses:
      General and Administrative                  300,000         404,000       1,533,000    $    949,000
      Non Cash Compensation                        67,000          54,000       1,294,000         156,000
                                             ------------    ------------    ------------    ------------

Total Expenses                                    367,000         459,000       2,827,000       1,105,000
                                             ------------    ------------    ------------    ------------
LOSS BEFORE INTEREST INCOME                      (195,000)       (459,000)     (2,655,000)     (1,105,000)
Interest income - net                              61,000          19,000         124,000          49,000
                                             ------------    ------------    ------------    ------------

Net Loss                                     $   (134,000)   $   (440,000)   $ (2,531,000)   $ (1,056,000)
                                             ============    ============    ============    ============


LOSS PER COMMON SHARE: BASIC AND DILUTED     $       (.01)   $       (.02)   $       (.12)   $       (.06)
                                             ============    ============    ============    ============


WEIGHTED AVERAGE SHARES: BASIC AND DILUTED     23,198,057      19,208,474      21,869,913      18,702,034
                                             ============    ============    ============    ============
</TABLE>
<PAGE>


CONDENSED BALANCE SHEET AS OF 9/30/07




Cash and cash equivalents                    $  4,973,000
                                             ============

   Total current assets                      $  5,026,000
                                             ============

   Total assets                              $  5,114,000
                                             ============

   Total current liabilities                 $    181,000
                                             ============

   Total long term liabilities               $          0
                                             ============

   Total stockholders' equity                $  4,993,000
                                             ============








</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
