UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q


[X]           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934


                For the quarterly period ended September 30, 2007

                                       OR

[ ]            TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

                For the transition period from ______ to ________


                         Commission File Number: 0-13181

                          CAPITAL BEVERAGE CORPORATION
             (Exact name of registrant as specified in its charter)


                    Delaware                     13-3878747
        (State or other jurisdiction of       (I.R.S. Employer
          incorporation or organization)     Identification No.)

          120 Rio Vista Drive, Norwood, New Jersey       07648
          (Address of principal executive offices)     (Zip Code)

                                 (201) 679-6752
              (Registrant's telephone number, including area code)

Not Applicable  (Former name,  former address and former fiscal year, if changed
since last report)

                               ___________________


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. Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one):

Large accelerated filer [ ]    Accelerated filer [ ]   Non-accelerated filer [x]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Act).
Yes [x]    No

The number of shares of common stock, $.001 par value, outstanding as of
November 19, 2007 was 3,792,045.

                                       1

<PAGE>


                          CAPITAL BEVERAGE CORPORATION

                          QUARTERLY REPORT ON FORM 10-Q

                                TABLE OF CONTENTS
                                                                            Page
PART I - FINANCIAL INFORMATION
Item 1.    Financial Statements (Unaudited)
           Balance Sheets......................................................3
           Statements of Operations............................................4
           Statements of Cash Flows............................................5
           Notes to Financial Statements.....................................6-8
Item 2.    Management's Discussion and Analysis of Financial
             Condition and Results of Operations............................9-10
Item 3.    Quantitative and Qualitative Disclosures About
             Market Risks.....................................................10
Item 4.    Controls and Procedures............................................10

PART II - OTHER INFORMATION
Item 1.  -Legal Proceedings...................................................10
Item 1A. -Risk Factors........................................................10
Item 2.  -Unregistered Sales of Equity Securities and Use of  Proceeds........10
Item 3.  -Defaults Upon Senior Securities.....................................10
Item 4.  -Submission of Matters to Vote of Securities Holders.................10
Item 5.  -Other Information...................................................10
Item 6.  -Exhibits............................................................10
Signatures....................................................................11








                                       2

<PAGE>

PART I-FINANCIAL INFORMATION

Item 1. Financial Statements

                          CAPITAL BEVERAGE CORPORATION

                                 BALANCE SHEETS

                                     ASSETS
<TABLE>
<CAPTION>
                                                                                           September 30,     December 31,
                                                                                               2007              2006
                                                                                        ----------------    ---------------
                                                                                          (Unaudited)
CURRENT ASSETS:
<S>                                                                                   <C>                 <C>
     Cash                                                                             $           2,691   $         67,910
     Restricted cash                                                                            741,266            736,045
     Other receivable                                                                            10,000                  -
                                                                                        ----------------    ---------------
         TOTAL CURRENT ASSETS                                                                   753,958            803,955

OTHER ASSETS                                                                                      1,929              3,530
                                                                                        ----------------    ---------------

                                                                                      $         755,887   $        807,485
                                                                                        ================    ===============

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
     Accounts payable                                                                 $         942,092   $        768,166
     Accrued officer salary                                                                     167,618                  -
     Accrued expenses and taxes                                                                  43,081             28,094
                                                                                        ----------------    ---------------
         TOTAL CURRENT LIABILITIES                                                            1,152,792            796,260
                                                                                        ----------------    ---------------

STOCKHOLDERS' EQUITY (DEFICIT):
     Preferred stock, no shares issued and outstanding                                                -                  -
     Common stock, $.001 par value; authorized 20,000,000 shares;
         issued and outstanding 3,792,045 shares                                                  3,793              3,793
     Additional paid-in capital                                                               5,986,249          5,986,249
     Accumulated deficit                                                                     (6,386,946)        (5,978,817)
                                                                                        ----------------    ---------------
         TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                                  (396,904)            11,225
                                                                                        ----------------    ---------------

                                                                                      $         755,887   $        807,485
                                                                                        ================    ===============
</TABLE>




                 See notes to consolidated financial statements.

                                       3

<PAGE>

                          CAPITAL BEVERAGE CORPORATION

                            STATEMENTS OF OPERATIONS


<TABLE>
<CAPTION>

                                                      Three Months Ended September 30,          Nine Months September 30,
                                                   ----------------------------------------   ------------------------------
                                                          2007                  2006              2007            2006
                                                   --------------------    ----------------   -------------   --------------
                                                       (Unaudited)           (Unaudited)       (Unaudited)     (Unaudited)

<S>                                              <C>                     <C>                                <C>
REVENUES                                         $                   -   $               -               -  $             -
                                                   --------------------    ----------------   -------------   --------------

COSTS AND EXPENSES:
    General and administrative                                 350,222              88,771         436,933          167,205
    Bad debt reserve                                                 -             108,426               -          108,426
                                                   --------------------    ----------------   -------------   --------------
                                                               350,222             197,197         436,933          275,631
                                                   --------------------    ----------------   -------------   --------------

                                                              (350,222)           (197,197)       (436,933)        (275,631)
OTHER INCOME:
    Interest income                                              1,978               2,588           3,805           14,099
    Sale of liquor license                                      25,000                   -          25,000                -
                                                   --------------------    ----------------   -------------   --------------

NET LOSS                                         $            (323,244)  $        (194,609)       (408,128) $      (261,532)
                                                   ====================    ================   =============   ==============

NET LOSS PER SHARE:
    Basic and diluted                            $               (0.09)  $           (0.05)          (0.11) $         (0.07)
                                                   ====================    ================   =============   ==============

WEIGHTED AVERAGE NUMBER OF SHARES:
    Basic and Diluted                                        3,792,045           3,792,045       3,792,045        3,792,045
                                                   ====================    ================   =============   ==============
</TABLE>






                 See notes to consolidated financial statements.

                                       4

<PAGE>

                          CAPITAL BEVERAGE CORPORATION

                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>

                                                                                          Nine Months Ended September 30,
                                                                                        ------------------------------------
                                                                                               2007                2006
                                                                                        ----------------   -----------------
                                                                                           (Unaudited)         (Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                                   <C>                <C>
     Net loss                                                                         $        (408,128) $         (261,532)
                                                                                        ----------------   -----------------
     Adjustments to reconcile net loss from continuing operations to net cash
        used in operating activities:
           Bad debt reserve 108,426 Changes in assets and liabilities:
        Other receivable                                                                        (10,000)
        Other assets                                                                              1,601                   -
        Accounts payable                                                                        173,925            (325,919)
        Accrued officer salary                                                                  167,618                   -
        Accrued expenses and taxes                                                               14,987            (746,717)
        Federal tax payable                                                                           -             (85,000)
                                                                                        ----------------   -----------------
           Total adjustments                                                                    348,131          (1,049,210)
                                                                                        ----------------   -----------------

NET CASH USED IN OPERATING ACTIVITIES                                                           (59,997)         (1,310,742)
                                                                                        ----------------   -----------------

CASH FLOWS FROM FINANCING ACTIVITIES:
     Cash overdraft                                                                                   -                (681)
                                                                                        ----------------   -----------------
NET CASH USED IN FINANCING ACTIVITIES                                                                 -                (681)
                                                                                        ----------------   -----------------

DECREASE IN CASH                                                                                (59,997)         (1,311,423)

CASH - BEGINNING OF PERIOD                                                                      803,955           2,645,338
                                                                                        ----------------   -----------------

CASH - END OF PERIOD                                                                  $         743,958  $        1,333,915
                                                                                        ================   =================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
     INFORMATION:
        Cash paid for interest                                                        $               -  $                -
                                                                                        ================   =================
        Cash paid for taxes                                                           $               -  $           25,000
                                                                                        ================   =================
</TABLE>



                 See notes to consolidated financial statements.


                                       5

<PAGE>

                          CAPITAL BEVERAGE CORPORATION

                          NOTES TO FINANCIAL STATEMENTS

                  NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006
                                   (Unaudited)


1.       BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS

         The accompanying unaudited financial statements of Capital Beverage
         Corporation (the "Company") have been prepared in accordance with
         generally accepted accounting principles for interim financial
         information. Accordingly, they do not include all the information and
         notes required by generally accepted accounting principles for complete
         financial statements. In the opinion of management, all adjustments
         necessary to present fairly the information set forth therein have been
         included. Operating results for the nine months ended September 30,
         2007 are not necessarily indicative of the results that may be
         experienced for the fiscal year ending December 31, 2007.

         The accompanying financial statements should be read in conjunction
         with the Company's Form 10-K for the fiscal year ended December 31,
         2006, which was filed on April 2, 2007.

         Capital Beverage Corporation (the "Company" or "Capital") was formed in
         December 1995 to operate as a wholesale distributor of beer and other
         beverages in New York City. On December 16, 2005, the Company sold
         substantially all of its assets to Oak Beverages, Inc. In December
         1998, CAP Communications, Ltd. ("Cap Com"), a wholly-owned subsidiary,
         was organized to market domestic and long distance prepaid telephone
         calling cards to distributors and to the general public. In December
         2006, the Company dissolved Cap Com.

         The Company will continue to use the proceeds from the sale of the
         Assets for working capital purposes, including the payment of
         indebtedness, trade payables and other outstanding obligations.
         Following the full payment of its creditors, the Company may elect to
         acquire another entity, issue dividend(s) to its stockholders or invest
         the net proceeds at the discretion of the Board of Directors and
         management of the Company. Management currently anticipates that
         additional transactions may take the form of a dissolution of the
         corporation, the liquidation of its remaining assets, and the ultimate
         distribution to stockholders of any assets remaining after satisfaction
         of our liabilities, including personnel termination and related costs,
         sale transaction expenses and final liquidation costs. In event of such
         dissolution, the residual proceeds of the sale of the Assets would
         become part of a pool of assets governed by the plan of dissolution.
         Alternatively, management may elect to invest the net proceeds from the
         sale of the Assets in assets or operations acquired by the Company. In
         such an event, no assets will be distributed to the stockholders.
2.       GOING CONCERN

         The accompanying financial statements have been prepared on a
         going-concern basis, which presumes that the Company will be able to
         continue to meet its obligations and realize its assets in the normal
         course of business.

         The Company has not generated revenue since the sale of assets in
         December 2005. As a result, current operations are not an adequate
         source of cash to fund future operations. The report of the independent
         registered public accounting firm for the year ended December 31, 2006
         contains an explanatory paragraph regarding the Company's ability to
         continue as a going concern. The Company's ability to continue as a
         going concern is dependent on its ability to obtain necessary financing
         to meet obligations and repay its liabilities when they become due or
         be acquired by an operating company. The Company plans to continue to
         provide for capital requirements from the cash from the sale of its
         assets. There are no assurances that the Company will have sufficient
         funds to pay its obligations as they become due or be acquired by an
         operating company.


3.       SIGNIFICANT ACCOUNTING POLICIES

         Cash and Cash Equivalents - Cash and cash equivalents include cash on
         hand and cash in banks in demand and time deposit accounts with
         maturities of 90 days or less.

                                       6

<PAGE>

         Restricted Cash - As per the terms of the asset sale cash held in
         escrow will be released in three traunches of $500,000, on July 16,
         2006, December 16, 2006 and June 16, 2007. The June 16, 2007 release
         has been delayed pending ongoing litigation between the Company, escrow
         agent and Oak Beverages, Inc. (see Note 5)

         Income Taxes - The Company follows Statement of Financial Accounting
         Standards No. 109 - Accounting for Income Taxes, which requires
         recognition of deferred tax assets and liabilities for the expected
         future tax consequences of events that have been included in the
         financial statements or tax returns. Under this method, deferred tax
         assets and liabilities are based on the differences between the
         financial statement and tax bases of assets and liabilities using
         enacted tax rates in effect for the year in which the differences are
         expected to reverse.

         Use of Estimates - The preparation of financial statements in
         conformity with generally accepted accounting principles requires
         management to make estimates and assumptions that affect the reported
         amounts of assets and liabilities and disclosure of contingent assets
         and liabilities at the date of the financial statements and the
         reported amounts of revenue and expenses during the reporting period.
         Actual results could differ from those estimates.

         Fair Value of Financial Instruments - The Company considers its
         financial instruments, which are carried at cost, to approximate fair
         value due to their near-term maturities.

         Income (loss) per Common Share - Net loss per common share is based on
         the weighted average number of shares outstanding. Potential common
         shares includable in the computation of fully diluted per share results
         are not presented in the financial statements as their effect would be
         anti-dilutive.

         New Accounting Pronouncements - In September 2006, the FASB issued SFAS
         No. 157, "Fair Value Measurements" (Statement 157), which addresses how
         companies should measure fair value when they are required to use a
         fair value measure for recognition or disclosure purposes under
         generally accepted accounting principles. Statement 157 defines fair
         value, establishes a framework for measuring fair value in generally
         accepted accounting principles and expands disclosures about fair value
         measurements. Statement 157 is effective for financial statements
         issued for fiscal years beginning after November 15, 2007 and should be
         applied prospectively, except in the case of a limited number of
         financial instruments that require retrospective application. We are
         currently evaluating the potential impact of Statement 157 on our
         financial statements. We do not expect the impact will be material.

         In December 2006, the FASB approved FASB Staff Position (FSP) No. EITF
         00-19-2, "Accounting for Registration Payment Arrangements" ("FSP EITF
         00-19-2"), which specifies that the contingent obligation to make
         future payments or otherwise transfer consideration under a
         registration payment arrangement, whether issued as a separate
         agreement or included as a provision of a financial instrument or other
         agreement, should be separately recognized and measured in accordance
         with SFAS No. 5, "Accounting for Contingencies". FSP EITF 00-19-2 also
         requires additional disclosure regarding the nature of any registration
         payment arrangements, alternative settlement methods, the maximum
         potential amount of consideration and the current carrying amount of
         the liability, if any. The guidance in FSP EITF 00-19-2 amends FASB
         Statements No. 133, "Accounting for Derivative Instruments and Hedging
         Activities", and No. 150, "Accounting for Certain Financial Instruments
         with Characteristics of both Liabilities and Equity", and FASB
         Interpretation No. 45, "Guarantor's Accounting and Disclosure
         requirement for Guarantees, Including Indirect Guarantees of
         Indebtedness of Others", to include scope exceptions for registration
         payment arrangements. FSP EITF 00-19-2 is effective immediately for
         registration payment arrangements and the financial instruments subject
         to those arrangements that are entered into or modified subsequent to
         the issuance date of this FSP, or for financial statements issued for
         fiscal years beginning after December 15, 2006, and interim periods
         within those fiscal years, for registration payment arrangements
         entered into prior to the issuance date of this FSP. We are currently
         evaluating the potential impact of FSP EITF 00-19-2 on our financial
         statements. We do not expect the impact will be material.

                                       7

<PAGE>

         In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option
         for Financial Assets and Financial Liabilities-including an amendment
         of FAS 115" (Statement 159). Statement 159 allows entities to choose,
         at specified election dates, to measure eligible financial assets and
         liabilities at fair value that are not otherwise required to be
         measured at fair value. If a company elects the fair value option for
         an eligible item, changes in that item's fair value in subsequent
         reporting periods must be recognized in current earnings. Statement 159
         is effective for fiscal years beginning after November 15, 2007. We are
         currently evaluating the potential impact of Statement 159 on our
         financial statements. We do not expect the impact will be material.

4.       CONCENTRATION OF CREDIT RISK

         The Company maintains its cash balances at various financial
         institutions. These balances are insured by the Federal Deposit
         Insurance Corporation up to $100,000. The Company has not experienced
         any losses in such accounts and believes it is not exposed to any
         significant credit risk on cash on deposit.

5.       LITIGATION

         On June 26, 2007, the Company filed a complaint against Oak Beverages,
         Inc. ("Oak"), Victoria Beverage, Inc. ("Victoria"), and Dealy &
         Silberstein, LLP, solely in its capacity as escrow agent, in the U.S.
         District Court for the Southern District of New York (the "Court"),
         seeking a declaratory judgment that, under the parties' Asset Purchase
         Agreement, dated September 15, 2005 and Escrow Agreement, dated
         December 16, 2005, the Company is not required to indemnify Oak and
         Victoria for unemployment insurance contributions based on the
         experience rating account held by Oak and maintained by the State of
         New York Department of Labor. The Company disputes Oak and Victoria's
         claim for the additional unemployment taxes on the grounds that the
         Company is not liable for contributions that were assessed to Oak
         post-closing (1) as a result of Oak's voluntary decision to employ
         Company personnel, and (2) as a natural consequence of Oak's increase
         in assets following its purchase of the Company's assets in 2005. On
         July 23, 2007, Oak and Victoria filed with the Court an answer,
         counterclaim, and cross-claim in response to the Company's complaint
         alleging that the Asset Purchase Agreement was deliberately structured
         such that any liability would be retained by the Company post-closing
         and would not be transferred to Oak and that, under the terms of the
         Asset Purchase Agreement, the Company agreed to indemnify Oak for all
         damages arising out of the liabilities and obligations the Company
         agreed to undertake. Further action in the matter is currently pending.
















                                       8

<PAGE>

                Special Note Regarding Forward-Looking Statements


         This Quarterly Report on Form 10-Q contains "forward-looking"
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For
this purpose any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. Without limiting
the foregoing, the words "believes," "anticipates," "plans," "expects" and
similar expressions are intended to identify forward-looking statements. These
statements involve unknown risks, uncertainties and other factors, which may
cause our actual results to differ materially from those implied by the forward
looking statements. Among the important factors that could cause actual results
to differ materially from those indicated by such forward-looking statements
include those risks identified in "Item 7 - Management's Discussion and Analysis
of Financial Condition and Results of Operations" and other risks identified in
our Form 10-K for the year ended December 31, 2006 and presented elsewhere by
management from time to time. Such forward-looking statements represent
management's current expectations and are inherently uncertain. Investors are
warned that actual results may differ from management's expectations.

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations


         As of December 16, 2005, the Company closed the sale of the Assets to
Oak, pursuant to the terms and conditions of the Asset Purchase Agreement. The
purchase price paid by Oak for the Assets was Nine Million Three Hundred
Thousand Dollars ($9,300,000.00), of which One Million Five Hundred Thousand
Dollars ($1,500,000.00), was deposited with an escrow agent, pursuant to the
terms of an escrow agreement, for at least 18 months for post closing
indemnification claims which may be asserted by Oak (the "Escrow"). A
substantial amount of the proceeds from the transaction were used by the Company
to repay outstanding indebtedness and for working capital purposes.

         The Company will continue to use the proceeds from the sale of the
Assets for working capital purposes, including the payment of indebtedness,
trade payables and other outstanding obligations. Following the full payment of
its creditors, the Company may elect to acquire another entity, issue
dividend(s) to its stockholders or invest the net proceeds at the discretion of
the Board of Directors and management of the Company. Management currently
anticipates that additional transactions may take the form of a dissolution of
the corporation, the liquidation of its remaining assets, and the ultimate
distribution to stockholders of any assets remaining after satisfaction of our
liabilities, including personnel termination and related costs, sale transaction
expenses and final liquidation costs.

         After application of the net proceeds in the manner contemplated, and
assuming ultimate release to us of the entire escrowed amount, and after
deduction of transaction costs in connection with the Asset Sale, the Company
will not have any remaining assets. There will be no monies left over for
distribution, and we may have to reduce or eliminate the severance pay
provision.


         We will continue to incur claims, liabilities and expenses, which will
reduce the realizable value of our remaining assets and the amount potentially
available for distribution to stockholders. Claims, liabilities and expenses
from operations (such as salaries, directors' and officers' insurance, payroll
and taxes, legal, accounting and consulting fees and miscellaneous office
expenses) will continue to be incurred subsequent to the Asset Sale. These
expenses will have to be satisfied from our remaining assets and, therefore,
will reduce the net realizable value of those assets.

         The Company intends to comply with the periodic reporting requirements
of the Exchange Act for so long as we are subject to those requirements. We have
an obligation to continue to comply with the applicable reporting requirements
of the Securities Exchange Act of 1934, as amended, even though compliance with
such reporting requirements is economically burdensome.

         As of December 2, 2005, all employees were terminated, except for
Carmine Stella who will continue to serve as the Company's Chief Executive
Officer.

RESULTS OF OPERATIONS

         The Company had no revenue from operations for the nine months ended
September 30, 2007 and 2006. However, it did have other income from the sale of
the State Liquor Authority license.

                                       9

<PAGE>

         General and administrative expenses for the nine months ended September
30, 2007 and 2006 was $436,933 and $167,205, respectively, which consisted
mostly of legal fees, professional fees, tax accruals and the salary to our only
remaining employee. The reason for the increase is mainly attributed to an
increase in legal fees due to the ongoing litigation during the nine months
ended September 30, 2007.

         At September 30, 2007 and December 31, 2006, respectively, we had a
working capital (deficit) of $(398,833) and $7,695, respectively.

Item 3.  Quantitative and Qualitative Disclosures About Market Risks

         All of the Company's indebtedness that would have posed an interest
rate risk have been paid in full. As a result, the Company no longer has an
interest rate risk.

Item 4. Controls and Procedures

         We maintain disclosure controls and procedures that are designed to
ensure that information required to be disclosed in our Securities Exchange Act
reports is recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms, and that such information is accumulated
and communicated to our management, including our Chief Executive Officer and
Treasurer, as appropriate, to allow timely decisions regarding required
disclosure. In designing and evaluating the disclosure controls and procedures,
management recognized that any controls and procedures, no matter how well
designed and operated, can provide only reasonable assurance of achieving the
desired control objectives, as ours are designed to do, and management
necessarily was required to apply its judgment in evaluating the cost-benefit
relationship of possible controls and procedures.

         As required by SEC Rule 13a-15(b), we carried out an evaluation as of
September 30, 2007, under the supervision and with the participation of our
management, including our Chief Executive Officer and Treasurer, of the
effectiveness of the design and operation of our disclosure controls and
procedures, as of the end of the quarter covered by this report. Based upon that
evaluation, our Chief Executive Officer and Treasurer concluded that our
disclosure controls and procedures were effective in enabling us to record,
process, summarize and report information required to be included in our
periodic SEC filings within the required time period.

         There have been no changes in our internal control over financial
reporting that occurred during the period covered by this report that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.


PART II--OTHER INFORMATION

Item 1. Legal Proceedings - There have been no material developments in our
legal proceedings from those disclosed in our Quarterly Report on Form 10-Q for
the quarterly period ended June 30, 2007.

Item 1A- Risk Factors- - There have been no material changes in our risk factors
from those disclosed in our 2006 Annual Report on Form 10-K.

Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds - None

Item 3 - Defaults Upon Senior Securities - None

Item 4 - Submission of Matters to Vote of Securities Holders - None

Item 5 - Other Information - None

Item 6.  Exhibits
<TABLE>
<CAPTION>

(a)         Exhibits

<S>         <C>                                                                   <C>
            31.1     Certification of Chief Executive Officer pursuant to Section 302 of the
                        Sarbanes Oxley Act of 2002

            31.2     Certification of Treasurer pursuant to Section 302 of the Sarbanes
                        Oxley Act of 2002

            32.1     Certification of Chief Executive Officer pursuant to Section 906 of the
                        Sarbanes Oxley Act of 2002

            32.2     Certification of Treasurer pursuant to Section 906 of the
                        Sarbanes Oxley Act of 2002

</TABLE>

                                       10

<PAGE>



                                   SIGNATURES


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 thereunto duly authorized.



Date:  November 19, 2007               CAPITAL BEVERAGE CORPORATION
                                               (Registrant)



                               By:  /s/Carmine N. Stella
                                       -----------------
                                       Carmine N. Stella
                                       President and Chief Executive Officer
                                       (Principal Executive Officer)




                               By:  /s/Carol Russell
                                       -------------
                                       Carol Russell
                                       Secretary and Treasurer (Principal
                                       Financial Officer and Accounting Officer)





                                       11