UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-QSB ______________  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2007 [  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d)OF THE EXCHANGE ACT For the transition period from ____________ to____________ Commission File No. 000-24379 ATLANTICA, INC. (Exact name of small business issuer as specified in its charter)   Utah43-0976473(State or Other Jurisdiction of(I.R.S. Employer Identification No.)incorporation or organization)  c/o Richland, Gordon & Company 9330 Sears Tower 233 S. Wacker Drive Chicago, Illinois 60606 (Address of Principal Executive Offices)  (312) 382-9330 (Issuers Telephone Number)  N/A (Former name, former address and former fiscal year, if changed since last report)  Check whether the Issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]  Indicate by check mark whether the Issuer is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [  ]  1     APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS  Not applicable.  Check whether the Issuer filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.  Yes [  ] No [  ]  APPLICABLE ONLY TO CORPORATE ISSUERS  Indicate the number of shares outstanding of each of the Issuers classes of common equity, as of the latest practicable date: November 16, 2007 - 2,458,590 shares of common stock.  Transitional Small Business Disclosure Format (Check one): Yes [  ] No [X]   PART I - FINANCIAL INFORMATION  Item 1. Financial Statements   FINANCIAL STATEMENTS  September 30, 2007 C O N T E N T S  Balance Sheets3 Statements of Operations4 Statements of Cash Flows5 Notes to Unaudited Financial Statements6     2     ATLANTICA, INC. (A Development Stage Company)   Balance Sheets    September 30, 2007December 31, 2006(Unaudited)ASSETSCURRENT ASSETSCash$$Total Current AssetsTOTAL ASSETS$$LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)Accounts Payable$28,827$419Accounts Payable - Related Party46,010Interest Payable10,986Total Current Liabilities28,82757,415Total Liabilities28,82757,415STOCKHOLDERS' EQUITY (DEFICIT)Preferred Stock: 10,000,000 shares authorizedof $0.0001 par value, no sharesissued and outstandingCommon Stock: 50,000,000 shares authorizedof $0.0001 par value, 2,458,590 sharesissued and outstanding - See Note 4246246Additional Paid-in Capital  See Note 3125,45658,985Accumulated Deficit prior to development stage(1,256,700)(1,256,700)Retained earnings from inception of developmentstage on January 1, 1997, through September 30, 20071,102,1711,140,054Total Stockholders' Equity (Deficit)(28,827)(57,415)TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)$$    The accompanying notes are an integral part of these financial statements.  3     ATLANTICA, INC. (A Development Stage Company)   Statements of Operations (Unaudited)    From Inceptionof DevelopmentFor theFor theStage onThree Months EndedNine Months EndedJanuary 1, 1997September 30,September 30,through2007200620072006September 30, 2007REVENUES$$$$$EXPENSESGeneral and Administrative28,8271,51435,7726,349132,208Interest Expense08582,1112,506118,508Total Expenses28,8272,37237,8838,855250,716LOSS BEFORE EXTRAORDINARY ITEMS(28,827)(2,372)(37,883)(8,855)(250,716)EXTRAORDINARY INCOMEGain on extinguishment of debt1,352,887NET INCOME (LOSS)$(28,827)$(2,372)$(37,883)$(8,855)$1,102,171BASIC LOSS PER SHARE(0.01)(0.00)(0.02)(0.00)WEIGHTED AVERAGE NUMBEROF SHARES OUTSTANDING2,458,5902,458,5902,458,5902,458,590    The accompanying notes are an integral part of these financial statements.  4    ATLANTICA, INC. (A Development Stage Company)  Statements of Cash Flows (Unaudited)    From Inceptionof DevelopmentFor theStage onNine Months EndedJanuary 1, 1997September 30,through20072006September 30, 2007CASH FLOWS FROM OPERATING ACTIVITIESNet Income (Loss)$(37,883)$(8,855)$1,102,171Adjustments to reconcile net income (loss) to net cashused by operating activities:Common stock issued for services2,405Extinguishment of debt(1,352,887)Changes in operating assets and liabilities:Increase in accounts payable andaccounts payable - related party35,7726,34972,188Increase in accrued interest2,1112,506119,297Net Cash Used For Operating Activities(56,826)CASH FLOWS FROM INVESTING ACTIVITIESCASH FLOWS FROM FINANCING ACTIVITIESCapital contributed by shareholder56,826Net Cash Provided by Financing Activities56,826NET INCREASE (DECREASE) IN CASHCASH AT BEGINNING OF PERIODCASH AT END OF PERIOD$$$CASH PAID FOR:Interest$$$Taxes$$$SCHEDULE OF NON-CASH FINANCING ACTIVITIESCommon stock issued for services$$$2,405Contributions of related party payables to equity$66,471$$66,471   The accompanying notes are an integral part of these financial statements.  5    ATLANTICA, INC. (A Development Stage Company)   Notes to Unaudited Financial Statements September 30, 2007  NOTE 1 - BASIS OF PRESENTATION  The accompanying financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The interim financial statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary to present a fair statement of the results for the period.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Companys Annual Report on Form 10-KSB for the year ended December 31, 2006. The results of operation for the period ended September 30, 2007 are not necessarily indicative of the operating results for the full year.  The accompanying unaudited condensed financial statements have been prepared by the Company without audit and pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Companys most recent audited financial statements and notes thereto included in its December 31, 2006 Annual Report on Form 10-KSB. Operating results for the three months ended September 30, 2007 are not necessarily indicative of the results that may be expected for the year ending December 31, 2007.  NOTE 2 - LIQUIDITY / GOING CONCERN  The Company does not have significant assets, nor has it established operations and has accumulated losses since inception. These factors raise substantial doubt about the Companys ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.  The Companys financial statements are prepared using account principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established revenues sufficient to cover its operating costs and allow it to continue as a going concern. Management intends to raise additional funds through private placements and to seek a merger with an existing, operating company. In the interim, it has committed to meeting the Companys minimal operating expenses.  NOTE 3 - RELATED PARTY TRANSACTIONS  No expenses during the nine months ended September 30, 2007 were paid by any related parties, however, we do have an agreement that these expenses will be paid by a shareholder of the Company and recorded as loans to shareholders, which agreement is revocable by that shareholder at any time.  We have accrued expenses totaling $28,827 at September 30, 2007, which we expect will be paid by that shareholder of the Company.   6    ATLANTICA, INC. (A Development Stage Company) Notes to Unaudited Financial Statements September 30, 2007  NOTE 4  COMMON STOCK  On January 26, 2007, the majority stockholders of the Company voted in favor of amending and restating the Company's Articles of Incorporation to change the total number of shares which the corporation shall be authorized to issue to 60,000,000 shares of capital stock, such total number of shares shall consist of 50,000,000 shares of $0.0001 par value common voting stock (Common Stock) and 10,000,000 shares of preferred stock, having a par value of $0.0001 per share.  The majority stockholders also approved a one for ten (1:10) reverse stock split of the Company's issued and outstanding common shares effective following notice thereof to the National Association of Securities Dealers, Inc. (the "NASD") and the subsequent advice from the NASD of its effectiveness.  The reverse stock split was effective on February 15, 2007.  The stock split is reflected on a retroactive basis.  There were no issuances of Company stock during the three-month period ended September 30, 2007.   7    Item 2. Managements Discussion and Analysis or Plan of Operation  Forward-looking Statements  Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Companys ability to raise capital, and (ii) statements preceded by, followed by or that include the words may, would, could, should, expects, projects, anticipates, believes, estimates, plans, intends, targets or similar expressions.  Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Companys control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, the Companys ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting the Companys operations, products, services and prices.  Accordingly, results actually achieved may differ materially from expected results in these statements.  Forward-looking statements speak only as of the date they are made.  The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.  Plan of Operation  Our Companys plan of operation for the next 12 months is to: (i) consider guidelines of industries in which our Company may have an interest; (ii) adopt a business plan regarding engaging in business in any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a going concern engaged in any industry selected.  Our Company is not currently engaged in any substantive business activity, and we have no plans to engage in any such activity in the foreseeable future. In our present form, we may be deemed to be a vehicle to acquire or merge with a business or company. Regardless, the commencement of any business opportunity will be preceded by the consideration and adoption of a business plan by our Board of Directors. We do not intend to restrict our search for business opportunities to any particular business or industry, and the areas in which we will seek out business opportunities or acquisitions, reorganizations or mergers may include, but will not be limited to, the fields of high technology, manufacturing, natural resources, service, research and development, communications, transportation, insurance, brokerage, finance and all medically related fields, among others. We recognize that the number of suitable potential business ventures that may be available to us may be extremely limited, and may be restricted to entities who desire to avoid what such entities may deem to be the adverse factors related to an initial public offering (IPO). The most prevalent of these factors include substantial time requirements, legal and accounting costs, the inability to obtain an underwriter who is willing to publicly offer and sell shares, the lack of or the inability to obtain the required financial statements for such an undertaking, limitations on the amount of dilution to public investors in comparison to the stockholders of any such entities, along with other conditions or requirements imposed by various federal and state securities laws, rules and regulations and federal and state agencies that implement such laws, rules and regulations. Any of these types of transactions, regardless of the particular prospect, would require us to issue a substantial number of shares of our common stock, that could amount to as much as 95% of our outstanding securities following the completion of any such transaction; accordingly, investments in any such private enterprise, if available, would be much more favorable than any investment in our Company.  Management intends to consider a number of factors prior to making any decision as to whether to participate in any specific business endeavor, none of which may be determinative or provide any assurance of success. These may include, but will not be limited to, as applicable, an analysis of the quality of the particular entitys management personnel; the anticipated acceptability of any new products or marketing concepts that it may have; the merit of its technological changes; its present financial condition, projected growth potential and available technical, financial  8    and managerial resources; its working capital, history of operations and future prospects; the nature of its present and expected competition; the quality and experience of its management services and the depth of its management; its potential for further research, development or exploration; risk factors specifically related to its business operations; its potential for growth, expansion and profit; the perceived public recognition or acceptance of its products, services, trademarks and name identification; and numerous other factors which are difficult, if not impossible, to properly or accurately analyze, let alone describe or identify, without referring to specific objective criteria.  Regardless, the results of operations of any specific entity may not necessarily be indicative of what may occur in the future, by reason of changing market strategies, plant or product expansion, changes in product emphasis, future management personnel and changes in innumerable other factors. Further, in the case of a new business venture or one that is in a research and development mode, the risks will be substantial, and there will be no objective criteria to examine the effectiveness or the abilities of its management or its business objectives. Also, a firm market for its products or services may yet need to be established, and with no past track record, the profitability of any such entity will be unproven and cannot be predicted with any certainty.  Management will attempt to meet personally with management and key personnel of the entity providing any potential business opportunity afforded to our Company, visit and inspect material facilities, obtain independent analysis or verification of information provided and gathered, check references of management and key personnel and conduct other reasonably prudent measures calculated to ensure a reasonably thorough review of any particular business opportunity; however, due to time constraints of management, these activities may be limited.  We are unable to predict the time as to when and if we may actually participate in any specific business endeavor. Our Company anticipates that proposed business ventures will be made available to us through personal contacts of directors, executive officers and principal stockholders, professional advisors, broker dealers in securities, venture capital personnel, members of the financial community and others who may present unsolicited proposals. In certain cases, we may agree to pay a finders fee or to otherwise compensate the persons who submit a potential business endeavor in which our Company eventually participates. Such persons may include our directors, executive officers and beneficial owners our securities or their affiliates. In this event, such fees may become a factor in negotiations regarding any potential venture and, accordingly, may present a conflict of interest for such individuals. Management does not presently intend to acquire or merge with any business enterprise in which any member has a prior ownership interest.  Our Companys directors and executive officers have not used any particular consultants, advisors or finders on a regular basis.  Although we currently have no plans to do so, depending on the nature and extent of services rendered, we may compensate members of management in the future for services that they may perform for our Company. Because we currently have extremely limited resources, and we are unlikely to have any significant resources until we have determined a business or enterprise to engage in or have completed a merger or acquisition, management expects that any such compensation would take the form of an issuance of our Companys common stock to these persons; this would have the effect of further diluting the holdings of our other stockholders. There are presently no preliminary agreements or understandings between us and members of management respecting such compensation.  Substantial fees are often paid in connection with the completion of all types of acquisitions, reorganizations or mergers, ranging from a small amount to as much as $600,000. These fees are usually divided among promoters or founders, after deduction of legal, accounting and other related expenses, and it is not unusual for a portion of these fees to be paid to members of management or to principal stockholders as consideration for their agreement to retire a portion of the shares of common stock owned by them. Management may actively negotiate or otherwise consent to the purchase of all or any portion of their common stock as a condition to, or in connection with, a proposed reorganization, merger or acquisition. It is not anticipated that any such opportunity will be afforded to other stockholders or that such other stockholders will be afforded the opportunity to approve or consent to any particular stock buy-out transaction. In the event that any such fees are paid, they may become a factor in negotiations regarding any potential acquisition or merger by our Company and, accordingly, may also present a conflict of interest for such individuals. We have no present arrangements or understandings respecting any of these types of fees or opportunities.  9     None of our directors, executive officers, founders or their affiliates or associates has had any negotiations with any representatives of the owners of any business or company regarding the possibility of an acquisition, reorganization, merger or other business opportunity for our Company; nor are there any similar arrangements with us.  Managements Discussion and Analysis of Financial Condition and Results of Operations  Three Months Ended September 30, 2007 Compared to Three Months Ended September 30, 2006  The Company has had no operations during the quarterly period ended September 30, 2007, nor do we have operations as of the date of this filing.  General and administrative expenses were $28,827 for the September 30, 2007, period compared to $1,514 for the September 30, 2006, period. General and administrative expenses for the three months ended September 30, 2007, were comprised mainly of accounting and legal fees. We had a net loss of $28,827 for the September 30, 2007, period compared to a net loss of $2,372 for the September 30, 2006, period.  Nine Months Ended September 30, 2007 Compared to Nine Months Ended September 30, 2006  The Company has had no operations during the nine-month period ended September 30, 2007, nor do we have operations as of the date of this filing.  General and administrative expenses for the nine months ended were $35,772 for the September 30, 2007, nine-month period compared to $6,349 for the September 30, 2006, nine-month period.  We had interest expense of $2,111 for the nine-month period ended September 30, 2007 compared to $2,506 for the nine-month period ended September 30, 2006.  We had a net loss of $37,883 for the September 30, 2007, nine-month period compared to a net loss of $8,855 for the September 30, 2006, nine-month period.  Liquidity  As of September 30, 2007, we had $0 in cash, with $28,827 in current liabilities.  Off-balance Sheet Arrangements  We had no off-balance sheet arrangements for the quarter ended September 30, 2007.   Item 3(a)T. Controls and Procedures  Managements Annual Report on Internal Control Over Financial Reporting  As of the end of the period covered by this Quarterly Report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of our disclosure controls and procedures. Based on this evaluation, our CEO and CFO concluded that information required to be disclosed is recorded, processed, summarized and reported within the specified periods and is accumulated and communicated to management, including our CEO and CFO, to allow for timely decisions regarding required disclosure of material information required to be included in our periodic Securities and Exchange Commission reports. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives and our CEO and CFO have concluded that our disclosure controls and procedures are effective to a reasonable assurance level of achieving such objectives. However, it should be noted that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote. In addition, we reviewed our internal controls over financial reporting, and there have been no changes in our internal controls or in other factors in the last fiscal quarter that has materially affected or is reasonably likely to materially affect our internal control over financial reporting.  Changes in Internal Control Over Financial Reporting  There have been no changes in internal control over financial reporting during the period represented by this Quarterly Report.    10    PART II - OTHER INFORMATION   Item 1. Legal Proceedings  None; not applicable.   Item 2. Unregistered Sales of Equity Securities and Use of Proceeds  Recent Sales of Unregistered Securities  There were no sales of unregistered securities during the quarterly period ended September 30, 2007.  Use of Proceeds of Registered Securities  No proceeds were received from the sale of registered securities during the quarterly period ended September 30, 2007.  Purchases of Equity Securities by Us and Affiliated Purchasers  None; not applicable.  Item 3. Defaults Upon Senior Securities.  None; not applicable.  Item 4. Submission of Matters to a Vote of Security Holders.  None; not applicable.  Item 5. Other Information.    None; not applicable.  Nominating Committee  There are no established committees because there are currently no material operations.  Item 6. Exhibits  (a) Exhibits  DEF 14C Definitive Information Statement filed on or about December 27, 2006*  Schedule 14F-1 filed on July 3, 2007*  31.1 302 Certification of Alan D. Gordon  31.2 302 Certification of Shelley Goff  32 Section 906 Certification.  *Previously filed and incorporated herein by reference.  11       SIGNATURES  In accordance with the requirements of the Exchange Act, the Registrant has caused this Quarterly Report to be signed on its behalf by the undersigned, thereunto duly authorized.  ATLANTICA, INC.  Date:November19, 2007By:/s/Alan D. GordonPresident and Chief Executive OfficerDate:November 19, 2007By:/s/Shelley GoffSecretary and Chief Financial Officer      12