| New                Jersey                   | 22-1637978                            |
|---------------------------------------------|---------------------------------------|
| (State                or other jurisdiction | (IRS                Employer Id. No.) |
| of                incorporation)            |                                  |

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| PART                I  | FINANCIAL                INFORMATION                                                                     |
|------------------------|----------------------------------------------------------------------------------------------------------|
|                   |                                                                                                     |
| Item                1. | Financial                Statements                                                                      |
|                   | Balance                Sheets at July 31, 2006 and April 30, 2006                                        |
|                   | Statements                of Operations for the Three Months Ended July 31, 2006 and 2005                |
|                   | Statements                of Stockholders' Equity (Deficiency                                            |
|                   | for                the Period May 1, 2006 through July 31, 2006)                                         |
|                   | Statements                of Cash Flows for the Three Months Ended July 31, 2006 and                2005 |
|                   | Notes                to Financial Statements                                                             |
| Item                2. | Management's                Discussion and Analysis                                                      |
| Item                3. | Controls                and Procedures                                                                   |
|                   |                                                                                                     |
| PART                II | OTHER                INFORMATION                                                                         |
|                   |                                                                                                     |
| Item                2. | Changes                in Securities                                                                     |
| Item                6. | Exhibits                and Reports on Form 8-K                                                          |
|                   |                                                                                                     |
|                   | SIGNATURES                                                                                               |
|                   | CERTIFICATIONS                                                                                           |
|                   | EXHIBITS                                                                                                 |

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**PART      I - FINANCIAL INFORMATION**

**ITEM      1. FINANCIAL STATEMENTS**

|                                                                                                                                                                                                                                        |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **ORION                DIVERSIFIED TECHNOLOGIES, INC.**                                                                                                                                                                                     |   |
| **BALANCE                SHEETS**                                                                                                                                                                                                           |   |
|                                                                                                                                                                                                                                        |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |
|                                                                                                                                                                                                                                        |   |                July                31, |   |                April                30, |   |
|                                                                                                                                                                                                                                        |   | 2006 |   | 2006 |   |
|                                                                                                                                                                                                                                        |   |  (unaudited) |   | (audited) |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |
| ASSETS                                                                                                                                                                                                                                      |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |
| Current                assets:                                                                                                                                                                                                              |   |   |   |   |   |   |   |
| Cash                                                                                                                                                                                                                                        |   | $ | 1,875 |   | $ | 2,370 |   |
| Advance                receivable and accrued interest                                                                                                                                                                                      |   |   | 799,565 |   |   | 795,204 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Total                current assets                                                                                                                                                                                                         |   |   | 801,440 |   |   | 797,574 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Equity                interest- Ovale                                                                                                                                                                                                       |   |   | 949,486 |   |   | 949,486 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Total                assets                                                                                                                                                                                                                 |   | $ | 1,750,926 |   | $ | 1,747,060 |   |
|                                                                                                                                                                                                                                        |
| LIABILITIES                AND STOCKHOLDERS’ EQUITY DEFICIENCY                                                                                                                                                                        |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Current                liabilities:                                                                                                                                                                                                         |   |   |   |   |   |   |   |
| Accounts                payable and accrued expenses                                                                                                                                                                                        |   | $ | 50,478 |   | $ | 47,755 |   |
| Loan                payable                                                                                                                                                                                                                 |   |   | 3,100 |   |   | 3,100 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Total                current liabilities                                                                                                                                                                                                    |   |   | 53,578 |   |   | 50,855 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Stockholders'                equity (deficiency):                                                                                                                                                                                           |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Common                stock, par value $.01 per share, authorized 10,000,000 shares, issued                and                outstanding 9,982,073                shares                at July 31, 2006 and April 30, 2006, respectively. |   |   | 73,121 |   |   | 73,121 |   |
| Additional                paid-in capital                                                                                                                                                                                                   |   |   | 1,839,585 |   |   | 1,839,585 |   |
| Retained                earnings (deficit)                                                                                                                                                                                                  |   |   | (215,358 | ) |   | (216,501 | ) |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Total                stockholder’ equity (deficiency)                                                                                                                                                                                 |   |   | 1,697,348 |   |   | 1,696,205 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| Total                liabilities & stockholders equity                                                                                                                                                                                  |   | $ | 1,750,926 |   | $ | 1,747,060 |   |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |
| The                accompanying notes are an integral part of these financial                statements.                                                                                                                                    |

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| **ORION                DIVERSIFIED TECHNOLOGIES, INC.** |
|---------------------------------------------------------|
| **STATEMENTS                OF OPERATIONS**             |
| **(UNAUDITED)**                                         |

|                                                                                                         |   |                                      |                     |                                      |   |
|--------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------------------------|-------------------------------------------|--------|
|                                                                                                         |   | Three                  Months Ended  |                     | Three                  Months Ended  |   |
|                                                                                                         |   | July                  31, 2006       |                     | July                  31, 2005       |   |
| Income:                                                                                                      |   |                                      |                     |                                      |   |
|                                                                                                         |   |                                      |                     |                                      |   |
| Revenue                                                                                                      |   | $                                         | --                       |                                      | $      | -- |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Cost                  of revenue                                                                             |   |                                      | --                       |                                      |   | -- |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Gross                  profit                                                                                |   |                                      | --                       |                                      |   | -- |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| General                  and administrative expenses:                                                        |   |                                      |                     |                                      |   |   |   |
| Professional                  fees                                                                           |   |                                      | 1,688                    |                                      |   | (2,590 | ) |
| Other                                                                                                        |   |                                      | 1,531                    |                                      |   | 1,531 |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
|                                                                                                         |   |                                      | 3,219                    |                                      |   | (1,059 | ) |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Gain/(loss)                  before taxes                                                                    |   |                                      | (                  3,219 | )                                         |   | 1,059 |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Other                  income (expense):                                                                     |   |                                      |                     |                                      |   |   |   |
| Interest                  income                                                                             |   |                                      | 4,362                    |                                      |   | 4,362 |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Income                  tax expense:                                                                         |   |                                      |                     |                                      |   |   |   |
| Current                                                                                                      |   |                                      | --                       |                                      |   | -- |   |
| Deferred                                                                                                     |   |                                      | --                       |                                      |   | -- |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Net                  income                                                                                  |   | $                                         | 1,143                    |                                      | $      | 5,421 |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Loss                  per share - basic and diluted                                                          |   |                                      | N/A                      |                                      |   | N/A |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| Weighted                  average shares outstanding                                                         |   |                                      | 9,982,073                |                                      |   | 7,312,532 |   |
|                                                                                                         |   |                                      |                     |                                      |   |   |   |
| The                  accompanying notes are an integral part of these financial                  statements. |

----

| **ORION                DIVERSIFIED TECHNOLOGIES, INC.**                                                  |   |
|----------------------------------------------------------------------------------------------------------|--------|
| **STATEMENTS                OF STOCKHOLDERS' EQUITY (DEFICIENCY)**                                       |   |
| **FOR                THE PERIOD MAY 1, 2006 THROUGH JULY 31, 2006****(UNAUDITED)**                       |   |
|                                                                                                     |   |
|                                                                                                     |   | Common                stock,$.01                par |   | Additional |   | Retained |   |   |   |
|                                                                                                     |   | Paid-in |   | Earnings |   |   |   |
|                                                                                                     |   | Shares |   | Amount |   | Capital |   | (Deficit) |   | Total |   |
|                                                                                                     |   |   |   |   |   |
| Balance                May 1, 2006                                                                       |   | 7,312,532 | $                73,121 | $1,839,585 | $                ( 216,501) | $1,696,205 |
|                                                                                                     |   |   |   |   |   |   |
| Net                Loss                                                                                  |   |                  -- |                  -- |                  -- | 1,143 | 1,143 |
|                                                                                                     |   |   |   |   |   |   |
| Balance                July 31, 2006                                                                     |   | 9,982,073 | $                99,821 | $1,839,585 | $                (                215,358) | $1,697,348 |
|                                                                                                     |   |   |   |   |   |
| The                accompanying notes are an integral part of these financial                statements. |

----

|                                                                                                                                                                                                 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **ORION                DIVERSIFIED TECHNOLOGIES, INC.**                                                                                                                                              |   |
| **STATEMENTS                OF CASH FLOWS**                                                                                                                                                          |   |
| **(UNAUDITED)**                                                                                                                                                                                      |   |
|                                                                                                                                                                                                 |   |
|                                                                                                                                                                                                 |   |  Three              Months Ended |   |
|                                                                                                                                                                                                 |   | July                31 |   |
|                                                                                                                                                                                                 |   |  2006 |   | 2005 |   |
| Reconciliation                of net loss to net cash provided by (used in) operating                activities:                                                                                     |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Net                gain(loss)                                                                                                                                                                        |   | $ | 1,143 |   | $ | 5,421 |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Adjustments                to reconcile net loss to net cash provided by (used in) operating                activities:                                                                              |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Accounts                payable                                                                                                                                                                      |   |   | 2,723 |   |   | (14,105 | ) |
| Accrued                interest receivable - Ovale                                                                                                                                                   |   |   | (4,361 | ) |   | (4,361 | ) |
| Advances                receivable                                                                                                                                                                   |   |   | -- |   |   | 13,000 |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Total                adjustments                                                                                                                                                                     |   |   | (1,638 | ) |   | (5,466 | ) |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Net                cash provided by (used in) operating activities                                                                                                                                   |   |   | (495 | ) |   | (45 | ) |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Investing                activities:                                                                                                                                                                 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Net                cash used by investing activities                                                                                                                                                 |   |   | -- |   |   | -- |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Financing                activities:                                                                                                                                                                 |   |   |   |   |   |   |   |
| Loan                payable                                                                                                                                                                          |   |   | -- |   |   | -- |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                                                                                                             |   |   | -- |   |   | -- |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Increase                (decrease) in cash, net                                                                                                                                                      |   |   | (                495 | ) |   | (                45 | ) |
| Cash,                beginning of period                                                                                                                                                             |   |   | 2,370 |   |   | 1,453 |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Cash,                end of period                                                                                                                                                                   |   | $ | 1,875 |   | $ | 1,408 |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| Cash                paid during the six months ended October 31:                                                                                                                                     |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   | 2006 |   |   | 2005 |   |
| Interest                paid                                                                                                                                                                         |   |   | -0- |   |   | -0- |   |
| Income                taxes                                                                                                                                                                          |   |   | -0- |   |   | -0- |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
| SUPPLEMENTAL                SCHEDULE OF NON-CASH INVESTING AND FINANCING                ACTIVITIES:                                                                                                  |
|                                                                                                                                                                                                 |
| FOR                THE THREE MONTHS ENDED JULY 31, 2006 AND JULY 31, 2005: For                the three months ended July 31, 2006 and 2005 there were no non-cash                transactions. |
|                                                                                                                                                                                                 |
| See                accompanying notes to financial                statements.                                                                                                                        |

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**ORION      DIVERSIFIED TECHNOLOGIES, INC.**

**NOTES      TO FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE      1. ORGANIZATION AND BUSINESS**

**NOTE      2. - SUMMARY OF SIGNIFICANT ACCOUNT POLICIES**

*Use      of Estimates in the Preparation of Financial Statements*

*Cash      and Cash Equivalents*

*Inventories*

*Property      and Equipment*

----

**ORION      DIVERSIFIED TECHNOLOGIES, INC.**

**NOTES      TO FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE      2. - SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (continued)**

*Long-Lived      Assets*

*Income      Taxes*

*Non-monetary      Transactions*

*Stock-Based      Compensation*

*Earnings      per Share*

**New      Accounting Pronouncements**

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**ORION      DIVERSIFIED TECHNOLOGIES, INC.**

**NOTES      TO FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE      2. - SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (continued)**

*Inventory      Costs, *

***FASB      Interpretation No. 46R, Consolidation of Variable Interest Entities - An      Interpretation of ARB51***

**ORION      DIVERSIFIED TECHNOLOGIES, INC.**

**NOTES      TO FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE      2. - SUMMARY OF SIGNIFICANT ACCOUNT POLICIES (continued)**

*Variable      Interest Entities (VIEs)*
*Special      Purpose Entities (SPEs)*

**NOTE      3 - PAYROLL TAXES**

**NOTE      4. GOING CONCERN BASIS AND FUTURE PLANS**

**NOTE      5 - PENDING BUSINESS COMBINATION**

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**ORION      DIVERSIFIED TECHNOLOGIES, INC.**

**NOTES      TO FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE      5 - PENDING BUSINESS COMBINATION (continued)**

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**ITEM      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION**

*Results      of Operations*

*Financial      Condition*

*Employees*

*Capital      Expenditures*

*Effects      of Inflation*

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**ITEM      3. CONTROLS AND PROCEDURES**

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**PART      II - OTHER INFORMATION**

**ITEM      6. EXHIBITS AND REPORTS ON FORM 8-K**

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