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U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
 FORM 10-QSB/A (Mark One) þ     Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2005 o     Transition report under section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______________ to ______________. Commission file number 0-18808 Great Western Land and Recreation, Inc.  Nevada
(State or other jurisdiction
of incorporation or organization)
    
    
    
    13-3530765
(IRS Employer Identification No.)7373 N. Scottsdale Road, Suite C-140
Scottsdale, AZ 85253
(480) 949-6007
(Address and telephone number of principal executive offices)
 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes  þ  No  o The number of shares of the registrants Common Stock outstanding at May 6, 2005 was 21,265,973.   1




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GREAT WESTERN LAND AND RECREATION, INC. Great Western Land and Recreation, Inc.s Form 10-QSB for the quarter ended March 31, 2005,
filed on May 16, 2005, is hereby amended by replacing Part II Item 2 and Part II Item 6(a) as
follows: PART II: OTHER INFORMATION Item 2.Unregistered Sales of Equity Securities and Use of Proceeds (a)     On March 31, 2005, the Registrant sold 2,454 shares of Series D Callable Cumulative Convertible
Preferred Stock (the Series D Shares) and 2,035 shares of Series E Callable Cumulative Preferred
Stock (the Series E Shares). (b)     The offering was made in a private place offered to two landowners as partial payment for
property. No underwriter or placement agent was used. (c)     The Series D Shares and the Series E Shares were exchanged as partial payment for parcels of
land that were purchased by the Company. The Series D Shares were valued at $245,400 towards the
purchase price of land. The Series E Shares were valued at $203,500 towards the purchase price of
land. (d)     The offer and sale of the Series D Shares and Series E Shares were made in reliance on the
exemption from registration contained in Section 4(2) of the Securities Act of 1933 and/or
Regulation D promulgated thereunder as not involving a public offering of securities. (e)     The Series D Shares and the Series E Shares, together with any unpaid accumulated dividends,
are convertible into common stock of the Company at a conversion rate equal to the average of the
reported closing price on the market where the stock is traded over the five working days before
the Issuance Date and the five working days after the Issuance Date, as such price is reported on
Yahoo; provided, however, that the conversion price shall not be less than $0.50 per share and not
more than $1.25 per share. Both the Series D Shares and the
Series E Shares were issued on March
31, 2005. Item 6.Exhibits and Reports on Form 8-K (a) Exhibits  ExhibitNo.31.1
    
    Certification by Jay N. Torok pursuant to Rule 13a-14(a) or
15d-14(a) of the Securities Exchange Act of 1934, as adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Certification by Jay N. Torok pursuant to Rule 13a-14(a) or
15d-14(a) of the Securities Exchange Act of 1934, as adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    
    Certification by Jay N. Torok pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of The Sarbanes-Oxley
Act of 200232.2
    
    Certification by Jay N. Torok pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of The Sarbanes-Oxley
Act of 2002 2




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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, thereunto duly authorized. GREAT WESTERN LAND AND RECREATION, INC.
(Registrant) Date: July25, 2005
    
    By /s/ Jay N. Torok
 
 Explanatory note: Jerome L. Joseph left his position as Chief Financial Officer effective April 25,
2005. Jay N. Torok has been appointed by the Companys Board of Directors to act as the Principal
Financial Officer for purposes of filing this report. 3