UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  TO FORM 10-QSB (Mark One)  x
        Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.  For the quarterly period ended June 30, 2006. or  o
        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 333-123351  WIMAX EU LTD. (Exact name of registrant as specified in its charter) Nevada
        91-2006471(State or other jurisdiction of
        (I.R.S. Employer Identification No.)incorporation or organization)  I 58 Pearse StreetNegagh, Co. Tipperary Ireland(Address of principal executive offices)
        (Zip Code)  (353) 67 50695 (Registrants telephone number, including area code)  (Former name, former address and former fiscal year, if changed since last report)  Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesxNoo  Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.  Yes
        x
        Noo  State the number of shares outstanding of each of the issuer's classes of common equity, as of August 30, 2006: 23,080,326 shares of
common stock.        WIMAX EU LTD.

FINANCIAL STATEMENTS



INDEX



PART I-- FINANCIAL INFORMATION




Item 1.
        Financial Statements


Item 2.
        Managements Discussion and Analysis of Financial Condition


Item 3.
        Control and Procedures

PART II-- OTHER INFORMATION




Item 1.
        Legal Proceedings


Item 2.
        Changes in Securities


Item 3.
        Defaults Upon Senior Securities


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


Item 5.
        Other Information


Item 6.
        Exhibits and Reports on Form 8-K

SIGNATURE



ITEM 1. FINANCIAL INFORMATION



BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the six months ended June 30, 2006 are not necessarily indicative of results that may be expected for the year ending December 31, 2006. The financial statements are presented on the accrual basis.






















WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006






WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)





CONTENTS






PAGE
        1
        CONDENSED BALANCE SHEET AS OF JUNE 30, 2006 (UNAUDITED)PAGE
        2
        CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 2005 AND FOR THE PERIOD FROM OCTOBER 14, 1999 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)PAGE
        3
        CONDENSED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005 AND FOR THE PERIOD FROM OCTOBER 14, 1999 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)PAGES
        4 - 9
        NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)



WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

CONDENSED BALANCE SHEET

AS OF JUNE 30, 2006

(UNAUDITED)










ASSETSCURRENT ASSETSCash
        $
        2,484TOTAL ASSETS
        $
        2,484LIABILITIES AND STOCKHOLDERS EQUITYCURRENT LIABILITIESAccounts payable and accrued expenses
        $
        7,495TOTAL LIABILITIES
        
        7,495STOCKHOLDERS DEFICITCommon stock, $.001 par value, 300,000,000 shares authorized, 23,080,326 shares issued and outstanding
        
        23,080Additional paid in capital
        
        1,492,642Deferred stock compensation
        
        (28,125)Subscription receivable
        
        (1,290)Accumulated deficit during development stage
        
        (1,491,318)Total Stockholders Equity
        
        (5,011)TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
        $
        2,484




See accompanying notes to condensed financial statements.

1


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)










For the Three Months Ended June 30, 2006
        
        For the Three Months Ended June 30, 2005
        
        For the Six Months Ended June 30, 2006
        
        For the Six Months Ended June 30, 2005
        
        For the Period from
October 14, 1999 (Inception) to June 30, 2006REVENUES
        $
        -
        $
        -
        $
        -
        $
        -
        $
        -OPERATING EXPENSESPayroll expense
        
        1,807
        
        3,000
        
        2,806
        
        8,000
        
        11,806Professional fees
        
        7,756
        
        2,200
        
        18,974
        
        87,171
        
        45,722Professional services  related party
        
        -
        
        -
        
        -
        
        -
        
        16,750Consulting expense
        
        1,034,482
        
        14,704
        
        1,084,476
        
        124,329
        
        1,376,692General and administrative
        
        5,055
        
        -
        
        8,959
        
        637
        
        40,188Total Operating Expenses
        
        1,049,100
        
        19,904
        
        1,115,215
        
        220,137
        
        1,491,158(LOSS) FROM OPERATIONS
        
        (1,049,100)
        
        (19,904)
        
        (1,115,215)
        
        (220,137)
        
        (1,491,158)OTHER EXPENSEInterest expense
        
        -
        
        -
        
        -
        
        -
        
        (160)Total Other Expense
        
        -
        
        -
        
        -
        
        -
        
        (160)(LOSS) BEFORE PROVISION FOR INCOME TAXES
        
        (1,049,100)
        
        (19,904)
        
        (1,115,215)
        
        (220,137)
        
        (1,491,318)Provision for income taxes
        
        -
        
        -
        
        -
        
        -
        
        -NET (LOSS)
        $
        (1,049,100)
        $
        (19,904)
        $
        (1,115,215)
        $
        (220,137)
        $
        (1,491,318)Net (loss) per share - basic and diluted
        $
        (0.05)
        $
        -
        $
        (0.06)
        $
        (0.01)
        $
        (0.11)Weighted average number of shares outstanding during the period  basic and diluted
        
        21,355,734
        
        20,001,222
        
        19,655,010
        
        18,851,111
        
        14,014,558

See accompanying notes to condensed financial statements.

2


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)










For the Six Months Ended June 30, 2006
        
        For the Six Months Ended June 30, 2005
        
        For the Period from
October 14, 1999 (Inception) to June 30, 2006CASH FLOWS FROM OPERATING ACTIVITIES:Net loss
        $
        (1,115,215)
        $
        (220,137)
        $
        (1,491,318)Adjustments to reconcile net loss to net cash used in operating activities:Common stock issued for services
        
        1,037,500
        
        123,829
        
        1,234,125In-kind contribution of services
        
        1,500
        
        3,000
        
        7,500Amortization
        
        -
        
        -
        
        10,000Changes in operating assets and liabilities:Other receivables
        
        -
        
        2,641
        
        -Acounts payable and accrued expenses
        
        5,168
        
        (365)
        
        7,495Net Cash (Used In) Operating Activities
        
        (71,047)
        
        (91,032)
        
        (232,198)CASH FLOWS FROM INVESTING ACTIVITIES
        
        -
        
        -
        
        -CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from note payable
        
        -
        
        -
        
        18,000Issuance of common stock
        
        63,152
        
        140,000
        
        216,682Net Cash Provided By Financing Activities
        
        63,152
        
        140,000
        
        234,682NET INCREASE (DECREASE) IN CASH
        
        (7,895)
        
        48,968
        
        2,484CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
        
        10,379
        
        -
        
        -CASH AND CASH EQUIVALENTS AT END OF PERIOD
        $
        2,484
        $
        48,968
        $
        2,484

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:



During 2006, note holders converted $18,000 of notes payable into 90,000 shares of common stock at $0.20 per share based on a recent cash offering price.



See accompanying notes to condensed financial statements.

6


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)








NOTE A. DESCRIPTION OF ORGANIZATION



Organization



Atlantic Capital Ventures, Inc. was formed in Nevada on October 14, 1999. The
Company has not commenced its planned principal operations through June 30,
2006. In December 2004, the Company filed a Certificate of Amendment to its
Articles of Incorporation to change its name to Wimax EU, Ltd.
(hereinafter referred to as the Company or Wimax).
The intended business purpose of Wimax is for providing wireless broadband
internet service to commercial and residential customers primarily within
countries that are members of the European Union.



Development Stage Enterprise



The  Company is  currently  devoting  substantially  all of its  efforts to  establishing  a new  business  and its  planned  principle
operations  have not commenced as of June 30, 2006. In their efforts to establish a new business,  management is commencing with design
of its business and marketing plans that include the following:  preparation of a financial  plan, cash forecast and operating  budget;
identifying  markets to raise  additional  equity  capital and debt  financing;  embarking  on  research  and  development  activities;
performing employment searches,  recruiting and hiring technicians and management and industry  specialists;  acquiring operational and
technological  assets; and, developing market and distribution  strategies.  General and administrative  expenses include  professional
fees,  internet service charges,  and other related operating  expenses.  Marketing and promotional  expenses include costs incurred in
connection with raising capital and promoting the Company.

Basis of Presentation and Going Concern



In accordance with Statement of Financial Accounting Standards ("SFAS") No. 7, the Company's policy regarding the preparation of
these financial statements includes the presenting, in addition to its statements of operations, and cash flows, the cumulative
amounts of revenues and expenses, and cash flows since inception through June 30, 2006. As reflected in the accompanying financial
statements, the financial statements caution the users of the Company's financial statements that these statements do not include any
adjustments that might result from the outcome of this uncertainty because the Company is a development stage enterprise that has not
commenced its planned principal operations.



7


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)







Even though the Company has not commenced  planned  principal  operations or generated  revenues from prospective  customers nor has it
secured the  funding  necessary  to meet its  current  working  capital  needs,  management  believes  that,  despite the extent of the
financial  requirements and funding  uncertainties going forward, it has a business plan under development that, if successfully funded
and executed as an integral part of a financial  structuring,  the Company  can continue  as a going concern.  Management  continues to
actively seek various sources and methods of short and long-term financing and support;  however,  there can be no assurances that some
or all of the  necessary  financing  can be obtained.  Management  continues to explore  alternatives  that include  seeking  strategic
investors,  lenders and/or technology  partners and pursuing other  transactions  that, if consummated,  might ultimately result in the
dilution  of the  interest  of the  current  shareholders.  Because of the nature  and extent of the  uncertainties,  many of which are
outside the  control of the  Company,  there can be no  assurances  that the  Company  will be able to  ultimately  consummate  planned
principal operations or secure the necessary financing.



Interim Financial Statements



The accompanying interim unaudited financial information has been prepared
pursuant to the rules and regulations of the Securities and Exchange Commission.
Certain information and footnote disclosures normally included in financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America have been condensed or omitted pursuant to such
rules and regulations, although management believes that the disclosures are
adequate to make the information presented not misleading. In the opinion of
management, all adjustments, consisting only of normal recurring adjustments,
necessary to present fairly the financial position of the Company as of June 30,
2006, and the related operating results and cash flows for the interim period
presented have been made. The results of operations of such interim period are
not necessarily indicative of the results of the full year.



NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Cash and Cash Equivalents



The Company considers all highly liquid debt securities purchased with original or remaining maturities of three months or less to be cash equivalents. The carrying value of cash equivalents approximates fair value.



Revenue Recognition



The Company has adopted and follows the guidance provided in the Securities and Exchange Commissions Staff Accounting Bulletin (SAB) No. 104, which provides guidance on the recognition, presentation and disclosure of revenue in financial statements.



8


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)







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 these financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.



Income Taxes



The Company uses the asset and liability method of accounting for income taxes as required by SFAS No. 109 Accounting for Income Taxes. SFAS No. 109 requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of certain assets and liabilities. Deferred income tax assets and liabilities are computed annually for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period, plus or
minus the change during the period in deferred tax assets and liabilities.



Loss Per Share



The Company computed basic and diluted loss per share amounts for June 30, 2006 and 2005 pursuant to SFAS No. 128, Earnings Per Share. As of June 30, 2006 and 2005, common share equivalents of 4,000,000 stock options were anti-dilutive and not used un the calculation of diluted net loss per share.



Stock-Based Compensation



In December 2004, the FASB issued SFAS No. 123R Share-Based Payment (SFAS 123R), a revision to SFAS No. 123 Accounting for Stock-Based Compensation (SFAS 123), and superseding APB Opinion No. 25 Accounting for Stock Issued to Employees and its related implementation guidance. SFAS 123R establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services, including obtaining employee services in share-based payment transactions. SFAS 123R applies to all awards granted after the required effective date and to awards modified, repurchased, or cancelled after that date. Adoption of the provisions of SFAS 123R is effective as of the beginning of the first interim or annual reporting period that begins after June 15, 2005.





9


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)





Fair Value of Financial Instruments



SFAS No. 107, Disclosures about Fair Value of Financial Instruments, requires disclosures of information regarding the fair value of certain financial instruments for which it is practicable to estimate the value. For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale of liquidation.



Recent Authoritative Pronouncements



SFAS 155, Accounting for Certain Hybrid Financial Instruments and SFAS 156, Accounting for Servicing of Financial Assets were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements.



NOTE C  RELATED PARTY TRANSACTION



From inception, the Company paid $376,692 to certain officers and directors for professional and consulting services performed.



During May 2006, the company issued 5,000,000 shares of common stock for services to an officer with a fair value of $1,000,000 (See Note D).



NOTE D  STOCKHOLDERS EQUITY



During 2005, pursuant to a two-year consulting agreement with Global Internet
Marketing, the Company issued 1,500,000 shares of common stock valued at a
recent cash offering price of $0.10 per share. The Company recorded consulting
expense of $18,750 and deferred consulting expense of $46,875 for the three
months ended March 31, 2006. The Company will amortize the agreement over the
life if the contract term. At June 30, 2006, the balance of deferred compensation
is $28,125.





10


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)







During 2006, stockholders converted $18,000 of notes payable into 90,000 shares
of common stock at a recent cash offering price of $0.20 per share.



During 2006, the Company issued 250,000 shares of common stock for cash of $50,000 ($0.20 per share) to three investors.



During 2006, the Company recorded an in-kind contribution of $500 per
month for services contributed by its Chief Executive Officer. As of March 31,
2006, the Company has recorded $7,500 for these services from
inception.



During April 2006, the Company issued 5,000,000 shares of common stock in consideration of the appointment of the Companys new Chief Executive Officer, Chief Financial Officer and Chairman of the Board. The shares vested upon issuance and were valued at $1,000,000 or $0.20 per share based on recent cash offering prices.



During May 2006, the Company amended it Articles of Incorporation to increase its authorized shares or common stock to 300,000,000 common shares.



During May 2006, the Company issued 41,895 shares of common stock for cash of $13,152 ($0.35 per share) to eleven investors.



NOTE E  COMMITMENTS AND CONTINGENCIES



During 2004, as amended on January 3, 2005, the Company entered into a 30-year royalty agreement with a company to license and use all URLs owned by the licensor. The agreement calls for the Company to pay 1.5% of the gross revenue. In addition, the agreement called for the issuance of 1,000,000 shares of stock. The Company recorded the fair value of $10,000 based on recent cash offering prices ($0.01 per share). The agreement also requires the Company to have an effective registration statement prior to November 30, 2005 or the license becomes extinguished. The Company will recognize the value of the license over a term of eleven months. During the year ended December 31, 2005, the Companys license agreement was fully amortized.


11


WIMAX EU, LTD.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)




NOTE F  SUBSEQUENT EVENT



On July 10, 2006, the Company collected subscriptions receivable of $1,290.





12






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



General



The information contained in Item 2 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. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this report. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report.





The following plan of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our financial statements and notes thereto. Wimax EU, Ltd is a development stage company. Because the Company has not generated any revenue, it intends to report its plan of operation below.



The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. The Companys actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.



Plan of Operations



During the next twelve months, we expect to take the following steps in connection with the further development of our business and the implementation of our plan of operations:



Recruit key personnel - We recently hired a new CEO and are now conducting a search for additional management positions to help implement our business plan. We expect to have selected the one additional key individual within 4-6 months. The anticipated cost for the recruitment of the personnel is approximately $2,500.



Create alliances - We are currently seeking to create alliances with strategic businesses in the first two or three countries as part of our overall plan to create alliances in all European countries. With the establishment of our executive offices in Europe, we will are beginning the process of recruiting companies and people to join our team in the various countries in Europe for the further implementation of our business plan.



We intend to have the first two or three alliances established within 3 months and anticipate the cost to create the alliances to be around $5,000.



Develop relationships with hardware suppliers - As we are developing relationships and establishing the marketing and support side of our business, we are simultaneously working with manufacturers who will be providing us with the hardware required to implement our business plan. We are developing relationships with more than one supplier and to monitor the industry to continually upgrade the hardware we offer in order to remain competitive. Establishing relationships with suppliers will be an ongoing process throughout the entire 12 months and we anticipate the cost to be around $2,000.



Liquidity and Capital Resources



At June 30, 2006, we had $2,484 in cash for total assets of $2,484. The Company had $7,495 in accrued expenses for a total of $7,495 in liabilities. The Company will rely upon the issuance of common stock and additional capital contributions from shareholders to fund expenses. We do have sufficient cash on hand to maintain our current operations for the next 12 months. In order to achieve our above stated objectives we will be required to raise an additional $1,000,000. We expect to raise these funds from private sale of stock or through the exercise of existing options. Additionally, we will need to raise approximately $1,000,000 to fund our growth prior to initiating our product-roll out. We will require additional funds to implement our marketing phase and, to expand operations. No significant purchases of equipment are anticipated until the roll out phase which we intend to commence within three months.
In order to facilitate this rollout phase we are currently exploring funding options to raise the funds necessary to finance our plans.



As reflected in the accompanying financial statements, we are in the development stage with limited operations. This raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital and implement our business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.




Currently we have no material commitments for capital expenditures. Management believes that, even though our auditors have expressed doubt about our ability to continue as a going concern, due the commencement of our business activities we will start generating revenue which will to satisfy our cash requirements for at least the next twelve months.



Critical Accounting Policies



Wimaxs financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions
or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.



Our  significant  accounting  policies are  summarized in Note 1 of our annual  audited  financial  statements as filed on Form 10-KSB.
While all these  significant  accounting  policies  impact its financial  condition and results of  operations,  Wimax views certain of
these  policies as critical.  Policies  determined to be critical are those policies that have the most  significant  impact on Wimax's
consolidated  financial statements and require management to use a greater degree of judgment and estimates.  Actual results may differ
from those  estimates.  Our  management  believes that given current  facts and  circumstances,  it is unlikely that applying any other
reasonable  judgments or estimate  methodologies  would cause effect on our consolidated  results of operations,  financial position or
liquidity for the periods presented in this report.



Recent Authoritative
Pronouncements

SFAS 155, Accounting for
Certain Hybrid Financial Instruments and SFAS 156, Accounting for Servicing of
Financial Assets were recently issued. SFAS 155 and 156 have no current
applicability to the Company and have no effect on the financial statements.

Subsequent Events



On July 10, 2006, the Company collected subscriptions receivable of $1,290.



ITEM 3. CONTROLS AND PROCEDURES



Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of June 30, 2006. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commissions rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.



There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the second quarter of fiscal 2006 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.










PART II - OTHER INFORMATION



ITEM 1. LEGAL PROCEEDINGS.



The Company is currently not a party to any pending legal proceedings and no such action by, or to the best of its knowledge, against the Company has been threatened.



ITEM 2. CHANGES IN SECURITIES.



During 2006,  stockholders  converted  $18,000 of notes payable into 90,000  shares of common stock at a recent cash offering  price of
$0.20 per share.

During 2006, the Company issued 250,000 shares of common stock for cash of $50,000 ($0.20 per share) to three investors.

During 2006 the Company  recorded an in-kind  contribution of $500 per month for services  contributed by its Chief Executive  Officer.
As of June 30, 2006, the Company has recorded $7,500 for these services from inception.

During April 2006, the Company issued  5,000,000  shares of common stock in consideration of the appointment of the Company's new Chief
Executive  Officer,  Chief Financial  Officer and Chairman of the Board.  The shares vested upon issuance and were valued at $1,000,000
or $0.20 per share based on recent cash offering prices.

During May 2006, the Company  amended it Articles of  Incorporation  to increase its  authorized  shares or common stock to 300,000,000
common shares.

During May 2006, the Company issued 41,895 shares of common stock for cash of $13,152 ($0.35 per share) to eleven investors.








ITEM 3. DEFAULTS UPON SENIOR SECURITIES.



None



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



No matter was submitted during the quarter ending June 30, 2006, covered by this report to a vote of the Companys shareholders, through the solicitation of proxies or otherwise.



ITEM 5. OTHER INFORMATION.



None



ITEM 6. EXHIBITS AND REPORTS OF FORM 8-K.




(a)
        Exhibits


31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002


32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002


(b)
        Reports of Form 8-K


None

SIGNATURES



In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, there unto duly authorized.




WIMAX EU LTD.Registrant


Date: August 30, 2006
        By:/s/ Evert BoppEvert BoppPresident, Chief Executive Officer,Chairman of Board of Directors