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

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

                                   FORM 10-QSB

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


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

For the quarterly period ended September 30, 2006

|_|  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934.

For the transition period from , 20 , to , 20 .

                          Commission File Number 0-8447

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

                               DOL RESOURCES, INC.
               (Exact Name of Registrant as Specified in Charter)

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

             Wyoming                                      83-0219465
(State or Other Jurisdiction of          (I.R.S. Employer Identification Number)
 Incorporation or Organization)

                  3233 West Kingsley Road, Garland, Texas 75041
                    (Address of Principal Executive Offices)

                                 (972) 840-3223
              (Registrant's Telephone Number, Including Area Code)

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

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act  during the past 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 shell company (as defined in
Rule 12b-2 of the Exchange Act): |X| YES |_| NO

There were  25,500,000  shares of the  Registrant's  $.01 par value common stock
outstanding as of September 30, 2006.

Transitional Small Business Format (check one) Yes |_| NO |X|

<PAGE>

Table of Contents
-----------------

                                     Part I
                              Financial Information
                                 DOL Resources.
                                Nine Months Ended
                     September 30, 2006 and 2005 (Unaudited)



Item 1.     Financial Statements

            Balance Sheet as of September 30, 2006 (Unaudited)                 1

            Statements of Operations for the Three and Nine Months Ended
            September 30, 2006 and 2005 and cumulative from October 2, 2002
            through September 30, 2006 (Unaudited)                             2

            Statements of Cash Flows for the Nine Months Ended September
            30, 2006 and 2005 and cumulative from October 2, 2002 through
            September 30, 2006 (Unaudited)                                     3

            Notes to  Financial Statements                                     4

Item 2.     Management's Discussion & Analysis of Financial Condition and
            Plan of Operation                                                  5

Item 3.     Controls and Procedures                                            7

                          Part II - Other Information
                          ---------------------------

Item 1.     Legal Proceedings                                                  7

Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds        7

Item 3.     Defaults Upon Senior Securities                                    7

Item 4.     Submission of Matters to a Vote of Security Holders                8

Item 5.     Other Matters                                                      8

Item 6.     Exhibits and Reports on Form 8-K                                   8

            Signatures                                                         9




<PAGE>

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PART I - FINANCIAL INFORMATION


                               DOL RESOURCES, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

                               SEPTEMBER 30, 2006
                                   (Unaudited)


                                     Assets
                                     ------

Current assets:
    Cash                                                     $      --
                                                             ===========




                      Liabilities and Stockholders' Equity
                      ------------------------------------

Current liabilities:
    Accounts payable, trade                                  $      --
                                                             -----------

Stockholders' equity:
    Preferred stock; $5 par value; 10,000,000
        shares authorized; none issued
or outstanding                                                      --
    Common stock; $.01 par value; 100,000,000
        shares authorized; 25,500,000 shares issued
        and outstanding                                          255,000
    Additional paid in capital                                 1,899,078
    Accumulated deficit                                       (2,154,078)
                                                             -----------
                                                                    --
                                                             -----------

                                                             $      --
                                                             ===========








    The accompanying notes are an integral part of the financial statements.

                                       1
<PAGE>
<TABLE>
<CAPTION>

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                               DOL RESOURCES, INC.
                          (A Development Stage Company)

                            STATEMENTS OF OPERATIONS
                                   (Unaudited)



                                                                                                 Cumulative
                                                                                                From October
                                      For the Three Months          For the Nine Months           2, 2002
                                      Ended September 30,           Ended September 30,           Through
                                    -----------------------       -----------------------       September 30,
                                        2006           2005           2006           2005           2006
                                    ------------   ------------   ------------   ------------   -------------
<S>                                 <C>            <C>            <C>            <C>            <C>
Revenues                            $       --     $       --     $       --     $       --     $        --
                                    ------------   ------------   ------------   ------------   -------------


Operating expenses:

     General and administrative             --             --             --             --              --
                                    ------------   ------------   ------------   ------------   -------------

         Total operating expenses           --             --             --             --              --
                                    ------------   ------------   ------------   ------------   -------------

Net income                          $       --     $       --     $       --     $       --     $        --
                                    ============   ============   ============   ============   =============

Basic net income per weighted
    average common share            $       --     $       --     $       --     $       --     $        --
                                    ============   ============   ============   ============   =============

Weighted average number of
    common shares outstanding         25,500,000     25,500,000     25,500,000     25,500,000      25,500,000
                                    ============   ============   ============   ============   =============
</TABLE>





    The accompanying notes are an integral part of the financial statements.

                                       2
<PAGE>
<TABLE>
<CAPTION>

================================================================================

                               DOL RESOURCES, INC.
                          (A Development Stage Company)

                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)



                                                                                                      Cumulative From
                                                                     For the Nine Months               October 2, 2002
                                                                     Ended September 30,                    Through
                                                                 2006                  2005          September 30, 2006
                                                          ------------------    ------------------   ------------------
<S>                                                       <C>                   <C>                  <C>

Cash flows from operating activities:
Net income                                                $          --         $             --     $             --
                                                          ------------------    ------------------   ------------------

      Net cash provided by operating activities                      --                       --                   --

      Net cash provided by investing activities                      --                       --                   --

      Net cash provided by financing activities                      --                       --                   --
                                                          ------------------    ------------------   ------------------

Net change in cash                                                   --                       --                   --

Cash at the beginning of period                                      --                       --                   --
                                                          ------------------    ------------------   ------------------

Cash at the end of period                                 $          --         $             --     $             --
                                                          ==================    ==================   ==================
</TABLE>












    The accompanying notes are an integral part of the financial statements.

                                       3
<PAGE>

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                               DOL RESOURCES, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS


1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and business
-------------------------

DOL  Resources,  Inc.  was  organized  on November 6, 1973 under the laws of the
State of Wyoming.  Its primary  activities  through October 1, 2002 had been the
acquisition of interests in various oil and gas properties,  coal properties and
exploration  for oil and gas. On September  30,  2006,  the  Company's  board of
directors  formalized an agreement to sell its oil and gas properties with a net
book value of $570,030 to Glauber  Management Company in exchange for assuming a
note payable to a bank of $263,000,  a payable to Glauber  Management Company of
$354,030  less an accounts  receivable  balance of $7,454  effective  October 1,
2002.  See Note 3. On October 2, 2002,  the Company  became a development  stage
company,  whose  activities to date have been limited to the organization of the
company,  the filing of this  registration  statement and activities  incidental
thereto.  The Company  has not  conducted  any  research,  development  or other
business,  and has not been involved in any bankruptcy,  receivership or similar
proceeding, or any material reclassification, merger, consolidation, or purchase
of assets.  The Company has not offered any products or services since September
30, 2002.

Basis of presentation
---------------------

The accompanying  financial statements have been prepared in accordance with the
regulations of the Securities and Exchange  Commission  ("SEC") for inclusion in
the  Company's  quarterly  report on Form  10-QSB.  The  accompanying  financial
statements  reflect all adjustments of a normal recurring nature,  which are, in
the opinion of  management,  necessary  for a fair  statement  of the results of
operations for the interim periods. The results of operations for the Nine-month
period ended  September 30, 2006 are not  necessarily  indicative of those to be
expected for the entire year.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with accounting  principles generally accepted
in the United States of America have been  condensed or omitted.  The results of
operations for its current fiscal quarter are not necessarily  indicative of the
operating  results expected for any succeeding  fiscal quarter or for the fiscal
year.

Development stage activities
----------------------------

Subsequent to the Company's sale of oil and gas  properties as described  above,
the Company had not conducted  any  operations.  All of the Company's  operating
results and cash flows reported in the  accompanying  financial  statements from
October 2, 2002 (date entered  development stage) through September 30, 2006 are
considered to be those related to development stage activities and represent the
`cumulative  from  inception'  amounts  from its  development  stage  activities
required to be reported pursuant to Statements of Financial Accounting Standards
("SFAS") No. 7, Development Stage Enterprises.


                                       4
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                               DOL RESOURCES, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

Management 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 revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates.

2. Going Concern

The financial  statements  of the Company have been  prepared  assuming that the
Company will  continue as a going  concern.  However,  the Company has sustained
recurring  losses and, as of  September  30, 2006,  had no business  operations.
These  conditions,  among  others,  give  rise to  substantial  doubt  about the
Company's  ability to continue as a going  concern.  Management is continuing to
seek additional equity capital to fund a merger or acquisition or to purchase an
ongoing business.  Until such time, the Company  anticipates its working capital
needs to be funded  through  advances  from its major  stockholders.  Management
believes  that these  steps will  provide  the Company  with  adequate  funds to
sustain its continued existence.  There is, however, no assurance that the steps
taken  by  management  will  meet  all of the  Company's  needs  or that it will
continue  as a going  concern.  The  accompanying  financial  statements  do not
include any adjustments that might result from the outcome of this uncertainty.

================================================================================



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

THIS  FILING  CONTAINS  FORWARD-LOOKING  STATEMENTS.  THE  WORDS  "ANTICIPATED,"
"BELIEVE,"  "EXPECT," "PLAN," "INTEND," "SEEK,"  "ESTIMATE,"  "PROJECT," "WILL,"
"COULD," "MAY," AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE
OPERATIONS,  FUTURE  CAPITAL  EXPENDITURES,  AND  FUTURE  NET  CASH  FLOW.  SUCH
STATEMENTS REFLECT THE COMPANY'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND
FINANCIAL  PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES,  INCLUDING,  WITHOUT
LIMITATION,  GENERAL  ECONOMIC  AND  BUSINESS  CONDITIONS,  CHANGES IN  FOREIGN,
POLITICAL,   SOCIAL,  AND  ECONOMIC  CONDITIONS,   REGULATORY   INITIATIVES  AND
COMPLIANCE WITH GOVERNMENTAL REGULATIONS,  THE ABILITY TO ACHIEVE FURTHER MARKET
PENETRATION AND ADDITIONAL  CUSTOMERS,  AND VARIOUS OTHER MATTERS, MANY OF WHICH
ARE  BEYOND  THE  COMPANY'S  CONTROL.  SHOULD  ONE OR MORE  OF  THESE  RISKS  OR
UNCERTAINTIES  OCCUR, OR SHOULD  UNDERLYING  ASSUMPTIONS  PROVE TO BE INCORRECT,
ACTUAL  RESULTS  MAY VARY  MATERIALLY  AND  ADVERSELY  FROM  THOSE  ANTICIPATED,
BELIEVED,   ESTIMATED,  OR  OTHERWISE  INDICATED.   CONSEQUENTLY,   ALL  OF  THE
FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE CAUTIONARY
STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR DEVELOPMENTS.

This  Management's  Discussion  and Analysis  and Plan of  Operation  presents a
review of the operating  results and financial  condition of the Company for the
three month  periods  ended  September 30, 2006 and 2005.  This  discussion  and
analysis is intended to assist in  understanding  the  financial  condition  and
results of operations of the Company and its  subsidiaries.  This section should
be read in conjunction with the financial statements and the related notes.


                                       5
<PAGE>

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                               DOL RESOURCES, INC.
                          (A Development Stage Company)


RESULTS OF OPERATIONS

As a development  stage  company,  DOL Resources has funded  operations  through
short-term  borrowings and equity investments in order to meet obligations.  Our
future  operations  are  dependent  upon  external  funding  and our  ability to
increase  revenues and reduce  expenses.  Management  believes  that  sufficient
funding will be available from additional  related party  borrowings and private
placements to meet our business objectives including  anticipated cash needs for
working capital, for a reasonable period of time.

As of the date of this quarterly  report,  there is substantial  doubt regarding
our ability to continue as a going concern as we have not  generated  sufficient
cash flow to fund our business operations and material  commitments.  Our future
success and  viability,  therefore,  are dependent  upon our ability to generate
capital  financing.  We are  optimistic  that we will be  successful  in our new
business  operations  and  capital  raising  efforts;  however,  there can be no
assurance that we will be successful in generating revenue or raising additional
capital. The failure to generate sufficient revenues or raise additional capital
may have a material and adverse effect upon the Company and our shareholders.

FINANCIAL INVORMATION

The Company has not yet made any determination  about the future business plans.
The Company's Board of Directors is evaluating  possible  directions,  including
possible  transaction  in which the Company  sells or merges its "public  shell"
corporation  to or with a  private  operating  business  whereby  the  Company's
shareholders  would  retain  some  ownership  interest in the  surviving  public
corporation.  However,  the Board of  Directors  may not choose to pursue one or
more options not yet considered.

The Company is not performing any product  research and development at this time
and it is not expected to purchase equipment or incur significant changes in the
number of employees.

OFF  BALANCE  SHEET  ARANGEMENT

As of the date of this report, we do not have any off-balance sheet arrangements
that have or are  reasonably  likely to have a current  or future  effect on our
financial  condition,  changes in  financial  condition,  revenues or  expenses,
results of operations, liquidity, capital expenditures or capital resources that
are material to investors.  The term "off-balance sheet  arrangement"  generally
means any transaction,  agreement or other  contractual  arrangement to which an
entity  unconsolidated  with  us is a  party,  under  which  we  have:  (i)  any
obligation arising under a guarantee contract, derivative instrument or variable
interest;  or (ii) a retained or contingent  interest in assets  transferred  to
such entity or similar  arrangement  that serves as credit,  liquidity or market
risk support for such assets.


                                       6
<PAGE>

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                               DOL RESOURCES, INC.
                          (A Development Stage Company)


Item 3. Controls and Procedures

(a) Evaluation of disclosure controls and procedures.  Under the supervision and
with the  participation  of the  Company's  management,  including the Company's
Principal  Executive  Officer  and  Principal  Financial  Officer,  the  Company
conducted an evaluation of the effectiveness of the design and operations of its
disclosure  controls and procedures,  as such term is defined in Rules 13a-15(e)
and 15d-15(e)  under the  Securities  Exchange Act of 1934, as amended (the "any
transaction,  agreement or other  contractual  arrangement  to which an Exchange
Act"),  as of the end of the  period  covered  by this  report.  Based  on their
evaluation,  our Principal  Executive  Officer and Principal  Financial  Officer
concluded that our disclosure  controls and procedures  were effective such that
the material  information required to be included in our Securities and Exchange
Commission  ("SEC")  reports is  recorded,  processed,  summarized  and reported
within  the time  periods  specified  in SEC  rules and  forms  relating  to DOL
Resources,  Inc.,  and was made known to them by others  within those  entities,
particularly during the period when this report was being prepared.

(b)  Changes in  internal  controls.  There were no  significant  changes in our
internal controls or to our knowledge, in other factors that could significantly
affect our disclosure controls and procedures subsequent to the evaluation date.

                           PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEDINGS

None

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During  the  three  month  period  ended  September  30,  2006,   there  was  no
modification of any instruments  defining the rights of holders of the Company's
common stock and no limitation or  qualification  of the rights evidenced by the
Company's  common  stock as a  result  of the  issuance  of any  other  class of
securities or the modification thereof.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None


                                       7
<PAGE>

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                               DOL RESOURCES, INC.
                          (A Development Stage Company)


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the three month period  ended  September  30,  2006,  the Company did not
submit any matters to a vote of its security holders.

ITEM 5. OTHER MATTERS

The Company does not have any other material  information to report with respect
to the three month period ended September 30, 2006.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibits included herewith are:


31.1      Certification of the Chief Executive  Officer,  dated October 17, 2006
          (This  certification  required  as  Exhibit  31 under  Item  601(a) of
          Regulation S-K is filed as Exhibit 99.1 pursuant to SEC interim filing
          guidance.) (2)
31.2      Certification of the Chief Financial  Officer,  dated October 17, 2006
          (This  certification  required  as  Exhibit  31 under  Item  601(a) of
          Regulation S-K is filed as Exhibit 99.2 pursuant to SEC interim filing
          guidance.) (2)
32        Written  Statements of the Chief Executive Officer and Chief Financial
          Officer,  dated  October  17,  2006 (This  certification  required  as
          Exhibit  32 under  Item  601(a)  of  Regulation  S-K is  furnished  in
          accordance with Item 601(b)(32)(iii) of Regulation S-K as Exhibit 99.3
          pursuant to SEC interim filing guidance.) (2)


(b) Reports on Form 8-K

None












                                       8
<PAGE>

SIGNATURES
----------

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned,
thereto duly authorized:


DOL RESOURCES, INC


Dated:  October 17, 2006                By: /s/ S. MORT ZIMMERMAN
                                        ----------------------------------------
                                        S. Mort Zimmerman
                                        Chairman of the Board, President and
                                        Chief Executive Officer


Dated:  October 17, 2006                By: /s/ FRED M. UPDEGRAFF
                                        ----------------------------------------
                                        Fred M. Updegraff
                                        Vice President, Chief Financial Officer,
                                        and Treasurer




















                                       9
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                                  Exhibit Index

                               Exhibit Description


31.1      Certification of the Chief Executive  Officer,  dated October 17, 2006
          (This  certification  required  as  Exhibit  31 under  Item  601(a) of
          Regulation S-K is filed as Exhibit 99.1 pursuant to SEC interim filing
          guidance.) (2)
31.2      Certification of the Chief Financial  Officer,  dated October 17, 2006
          (This  certification  required  as  Exhibit  31 under  Item  601(a) of
          Regulation S-K is filed as Exhibit 99.2 pursuant to SEC interim filing
          guidance.) (2)
32        Written  Statements of the Chief Executive Officer and Chief Financial
          Officer,  dated  October  17,  2006 (This  certification  required  as
          Exhibit  32 under  Item  601(a)  of  Regulation  S-K is  furnished  in
          accordance with Item 601(b)(32)(iii) of Regulation S-K as Exhibit 99.3
          pursuant to SEC interim filing guidance.) (2)




















                                       10