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

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

| Maryland--------------------------------                      | 000-27045-------------------------------- | 36-4286069------------------------------------------- |
|---------------------------------------------------------------|-------------------------------------------|-------------------------------------------------------|
| (State or other jurisdictionof incorporation or organization) | (Commission File Number)                  | (I.R.S. Employer Identification Number)          |

| Large accelerated filer o | Accelerated filer o           |
|---------------------------|--------------------------------------------------------------------------------------|

----

| PART I. FINANCIAL INFORMATION                                                 |   |   |
|-------------------------------------------------------------------------------|--------|--------|
|  ITEM 1. FINANCIAL STATEMENTS                                            |   | 2      |
| ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION       |   | 9      |
| ITEM 3. QUANTITATIVE AND QUALITATIVE  DISCLOSURES ABOUT MARKET RISK |   | 11     |
| ITEM 4. CONTROLS AND PROCEDURES                                               |   | 11     |
| PART II. OTHER INFORMATION                                                    |   |   |
| ITEM 1. - LEGAL PROCEEDINGS                                                   |   | 12     |
| ITEM 1a – RISK FACTORS                                                  |   | 12     |
| ITEM 2. - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS         |   | 12     |
| ITEM 3. - DEFAULTS UPON SENIOR SECURITIES                                     |   | 12     |
| ITEM 4. – SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS           |   | 12     |
| ITEM 5. - OTHER INFORMATION                                                   |   | 12     |
| ITEM 6. - EXHIBITS                                                            |   | 12     |
|  SIGNATURES                                                              |   | 13     |
|                                                                          |   |   |

----

|                                                        |   |        |       |   |         |   |
|-------------------------------------------------------------|--------|-------------|------------|--------|--------------|--------|
|                                                        |   | June 30,    |       |   | December 31, |   |
|                                                        |   | 2009        |       |   | 2008         |   |
|                                                        |   | (Unaudited) |       |   |         |   |
|                                                        |   |        |       |   |         |   |
| CURRENT ASSETS                                              |   |        |       |   |         |   |
|    Cash                                      |   | $           | 2,774,945  |   |         | $      | 4,101,692 |   |
|    Accounts receivable, net                  |   |        | 6,287,318  |   |         |   | 4,885,878 |   |
|    Inventory                                 |   |        | 3,287,200  |   |         |   | 2,775,635 |   |
|    Prepaid expenses and other current assets |   |        | 726,672    |   |         |   | 817,666 |   |
| Total current assets                                        |   |        | 13,076,135 |   |         |   | 12,580,871 |   |
|                                                        |   |        |       |   |         |   |   |   |
| PROPERTY, PLANT AND EQUIPMENT, net                          |   |        | 11,916,497 |   |         |   | 10,256,234 |   |
|                                                        |   |        |       |   |         |   |   |   |
| OTHER ASSETS                                                |   |        | 97,158     |   |         |   | 68,112 |   |
|                                                        |   |        |       |   |         |   |   |   |
| Total assets                                                |   | $           | 25,089,790 |   |         | $      | 22,905,217 |   |
|                                                        |   |        |       |   |         |   |   |   |

----

|                                                                                 |   | June 30,    |        |   | December 31, |   |
|--------------------------------------------------------------------------------------|--------|-------------|-------------|--------|--------------|--------|
|                                                                                 |   | 2009        |        |   | 2008         |   |
|                                                                                 |   | (Unaudited) |        |   |         |   |
|                                                                                 |   |        |        |   |         |   |
| CURRENT LIABILITIES                                                                  |   |        |        |   |         |   |
|    Accounts payable                                                   |   | $           | 3,554,130   |   |         | $      | 2,741,435 |   |
|    Other current liabilities                                          |   |        | 1,055,150   |   |         |   | 1,244,170 |   |
|    Current portion of notes payable                                   |   |        | 917,930     |   |         |   | 1,205,594 |   |
|    Current portion of notes payable to related parties                |   |        | 129,127     |   |         |   | 129,127 |   |
| Total current liabilities                                                            |   |        | 5,656,337   |   |         |   | 5,320,326 |   |
|                                                                                 |   |        |        |   |         |   |   |   |
| LONG-TERM OBLIGATIONS                                                                |   |        |        |   |         |   |   |   |
|    Notes payable, less current portion                                |   |        | 9,840,726   |   |         |   | 8,204,783 |   |
|    Notes payable to related parties, less current portion             |   |        | 3,273,177   |   |         |   | 3,330,872 |   |
|    Other long-term liabilities                                        |   |        | 689,149     |   |         |   | 878,215 |   |
| Total long term liabilities                                                          |   |        | 13,803,052  |   |         |   | 12,413,870 |   |
|       Total liabilities                                |   |        | 19,459,389  |   |         |   | 17,734,196 |   |
|                                                                                 |   |        |        |   |         |   |   |   |
| STOCKHOLDERS’ EQUITY                                                           |   |        |        |   |         |   |   |   |
|    Preferred stock $0.001 par value 5,000,000 shares                  |   |        |        |   |         |   |   |   |
|    authorized, 2,370,000 shares issued and outstanding                |   |        | 2,370       |   |         |   | 2,370 |   |
|    Additional paid-in capital – preferred stock                 |   |        | 713,567     |   |         |   | 713,567 |   |
|    Common stock, $0.001 par value 100,000,000 shares                  |   |        |        |   |         |   |   |   |
|    authorized;  44,592,558 and 42,759,047 shares issued and |   |        |        |   |         |   |   |   |
|    outstanding at June 30, 2009 and December 31, 2008, respectively   |   |        | 44,593      |   |         |   | 42,759 |   |
|    Additional paid-in capital – common stock                    |   |        | 17,385,009  |   |         |   | 17,011,726 |   |
|    Accumulated deficit                                                |   |        | (12,515,138 | )      |         |   | (12,599,401 | ) |
| Total stockholders’ equity                                                     |   |        | 5,630,401   |   |         |   | 5,171,021 |   |
|                                                                                 |   |        |        |   |         |   |   |   |
| Total Liabilities and Stockholders’ Equity                                     |   | $           | 25,089,790  |   |         | $      | 22,905,217 |   |
|                                                                                 |   |        |        |   |         |   |   |   |

----

|                                               |   |                             |        |   |                           |   |       |   |   |   |        |   |
|----------------------------------------------------|--------|----------------------------------|-------------|--------|--------------------------------|--------|------------|--------|--------|--------|-------------|--------|
|                                               |   |  Three Months EndedJune 30, |        |   |  Six Months EndedJune 30, |   |
|                                               |   |                             |        |   |                           |   |       |   |   |   |        |   |
|                                               |   | 2009                             |        |   | 2008                           |   |       | 2009   |   |   | 2008        |   |
|                                               |   |                             |        |   |                           |   |       |   |   |   |        |   |
| SALES                                              |   | $                                | 22,779,586  |   |                           | $      | 6,199,788  |   |   | $      | 42,517,265  |   |   | $ | 10,258,584 |   |
| Cost of goods sold                                 |   |                             | (20,284,632 | )      |                           |   | (5,292,264 | )      |   |   | (37,355,072 | )      |   |   | (8,570,489 | ) |
| Gross profit                                       |   |                             | 2,494,954   |   |                           |   | 907,524    |   |   |   | 5,162,193   |   |   |   | 1,688,095 |   |
| EXPENSES                                           |   |                             | 2,538,684   |   |                           |   | 490,946    |   |   |   | 4,964,970   |   |   |   | 871,303 |   |
| NET OPERATING (LOSS)INCOME                         |   |                             | (43,730     | )      |                           |   | 416,578    |   |   |   | 197,223     |   |   |   | 816,792 |   |
| Other income (expense)                             |   |                             | 29,859      |   |                           |   | 12,922     |   |   |   | (113,043    | )      |   |   | 14,465 |   |
| (LOSS) INCOME BEFORE INCOME TAXES                  |   |                             | (13,871     | )      |                           |   | 429,500    |   |   |   | 84,180      |   |   |   | 831,257 |   |
| Federal and state income taxes                     |   |                             |        |   |                           |   |       |   |   |   |        |   |   |   |   |   |
|    Income taxes, current period     |   |                             | (33,658     | )      |                           |   | -          |   |   |   | (47,555     | )      |   |   | - |   |
|    Income tax benefit, deferred     |   |                             | 28,226      |   |                           |   | -          |   |   |   | 55,112      |   |   |   | - |   |
| (LOSS) INCOME FROM CONTINUING OPERATIONS           |   |                             | (19,303     | )      |                           |   | 429,500    |   |   |   | 91,737      |   |   |   | 831,257 |   |
| LESS: Preferred Dividends                          |   |                             | (14,813     | )      |                           |   | (14,813    | )      |   |   | (29,626     | )      |   |   | (29,626 | ) |
| NET (LOSS) INCOME AVAILABLE TO COMMON STOCKHOLDERS |   | $                                | (34,116     | )      |                           | $      | 414,687    |   |   | $      | 62,111      |   |   | $ | 801,631 |   |
|                                               |   |                             |        |   |                           |   |       |   |   |   |        |   |   |   |   |   |

----

|                                                                                                          |   | Six Months Ended |       |
|---------------------------------------------------------------------------------------------------------------|--------|------------------|------------|
|                                                                                                          |   | June 30,         |       |
|                                                                                                          |   | 2009             |       |   | 2008 |   |
|                                                                                                          |   |             |       |   |   |   |
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES                                                           |   |  $          | (558,275   | ) |   |  $ | 629,536 |   |
|                                                                                                          |   |             |       |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                                                                          |   |             |       |   |   |   |   |   |
|     Net payments for property, plant and equipment                                        |   |             | (2,319,056 | ) |   |   | (1,190,898 | ) |
|     Net proceeds from disposition of assets                                               |   |             | 260,000    |   |   |   | - |   |
| NET CASH USED IN INVESTING ACTIVITIES                                                                         |   |             | (2,059,056 | ) |   |   | (1,190,898 | ) |
|                                                                                                          |   |             |       |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                          |   |             |       |   |   |   |   |   |
|     Net proceeds from notes payable                                                       |   |             | 1,348,279  |   |   |   | 884,630 |   |
|     Net payments on notes to related parties                                              |   |             | (57,695    | ) |   |   | (49,151 | ) |
|     Payments on capital lease                                                             |   |             | -          |   |   |   | (34,891 | ) |
|     Proceeds from issuance of common stock                                                |   |             | -          |   |   |   | 290,000 |   |
| NET CASH PROVIDED BY FINANING ACTIVITIES                                                                      |   |             | 1,290,584  |   |   |   | 1,090,588 |   |
|                                                                                                          |   |             |       |   |   |   |   |   |
| (DECREASE) INCREASE IN CASH                                                                                   |   |             | (1,326,747 | ) |   |   | 529,226 |   |
|                                                                                                          |   |             |       |   |   |   |   |   |
| CASH, BEGINNING OF PERIOD                                                                                     |   |             | 4,101,692  |   |   |   | 216,570 |   |
|                                                                                                          |   |             |       |   |   |   |   |   |
| CASH, END OF PERIOD                                                                                           |   | $                | 2,774,945  |   |   | $ | 745,796 |   |
|                                                                                                          |   |             |       |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION                                                             |   |             |       |   |   |   |   |   |
|     Interest paid                                                                         |   | $                | 455,756    |   |   | $ | 26,662 |   |
|     Taxes paid                                                                            |   | $                | 47,555     |   |   | $ | - |   |
|                                                                                                          |   |             |       |   |   |   |   |   |
| NON CASH INVESTING AND FINANCING ACTIVITIES                                                                   |   |             |       |   |   |   |   |   |
|     Amortization of deferred compensation as share based compensation                     |   | $                | 50,154     |   |   | $ | 21,732 |   |
|     Issuance of common stock for services and settlement                                  |   | $                | 285,000    |   |   | $ | - |   |
|     Issuance of common stock in payment of convertible promissory notes & accrued interest |   | $                | 32,490     |   |   | $ | - |   |
|     Issuance of common stock for dividends                                                |   | $                | 7,473      |   |   | $ | - |   |
|     Purchase of Mound facilities by settlement of amount to/from former landlord          |   | $                | -          |   |   | $ | 141,657 |   |
|     Settlement of amount due from landlord                                                |   | $                | -          |   |   | $ | 426,321 |   |
|     Settlement of amount due to landlord                                                  |   | $                | -          |   |   | $ | 284,664 |   |
|                                                                                                          |   |             |       |   |   |   |   |   |

----

| NOTE A | BASIS OF PRESENTATION |
|--------|-----------------------|

| NOTE B | COMMON STOCK  |
|--------|--------------------|

| Description                            |   | Quantity |    | Closing Price Date |
|----------------------------------------|--------|----------|---------|--------------------|
| Board Compensation                     |   |     | 136,362 |               | June 15, 2009 |
| Employment Contract – Tom Miller |   |     | 750,000 |               | Valued at $0.15/share |
|                                   |   |     | 886,362 |               |   |

| Description                                 |   | Quantity |    | Closing Price Date |
|---------------------------------------------|--------|----------|---------|--------------------|
| Stock Dividend                              |   |     | 28,377  |               | Monthly average |
| Conversion of Debt & Related Interested |   |     | 32,410  |               | Set by note at $1/share |
| Board Compensation                          |   |     | 136,362 |               | March 15, 2009 |
| Employment Contract – Randy Frevert   |   |     | 750,000 |               | Valued at $0.15/share |
|                                        |   |     | 947,149 |               |   |
|                                        |   |     |    |               |   |

----

| NOTE C | EARNINGS PER SHARE |
|--------|--------------------|

|                                                                  |   | 2009   |       |   |   | 2008   |
|-----------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Basic:                                                                |   |   |       |   |
|    Net income available to common stockholders         |   | $      | 62,111     |   |   |   | $ | 801,631 |   |
|    Weighted average common shares outstanding          |   |   | 43,734,379 |   |   |   |   | 37,132,409 |   |
|    Income per share                                    |   | $      | 0.00       |   |   |   | $ | 0.02 |   |
|                                                                  |   |   |       |   |   |   |   |   |   |
| Diluted:                                                              |   |   |       |   |   |   |   |   |   |
|    Net income available to common stockholders         |   | $      | 62,111     |   |   |   | $ | 801,631 |   |
|    Adjusted weighted average common shares outstanding |   |   | 46,104,379 |   |   |   |   | 39,879,796 |   |
|    Income per share                                    |   | $      | 0.00       |   |   |   | $ | 0.02 |   |
|                                                                  |   |   |       |   |   |   |   |   |   |

|                                                                  |   | 2009   |       |   | 2008   |
|-----------------------------------------------------------------------|--------|--------|------------|--------|--------|
| Basic:                                                                |   |   |       |   |   |   |   |
|    Net (loss) income available to common stockholders  |   | $      | (34,116)   |   |   | $ | 414,687 |
|    Weighted average common shares outstanding          |   |   | 44,453,948 |   |   |   | 37,237,105 |
|    (Loss) income per share                             |   | $      | (0.00)     |   |   | $ | 0.01 |
|                                                                  |   |   |       |   |   |   |   |
| Diluted:                                                              |   |   |       |   |   |   |   |
|    Net income available to common stockholders         |   |   | (1)        |   |   | $ | 414,687 |
|    Adjusted weighted average common shares outstanding |   |   | (1)        |   |   |   | 39,986,039 |
|    Income per share                                    |   |   | (1)        |   |   | $ | 0.01 |

----

| NOTE D | BUSINESS SEGMENTS (Continued) |
|--------|-------------------------------|

|                                        |   | Holding     |      |   | Oil         |   |       | Steel      |   |   | Steel       |   |   |         |      |
|---------------------------------------------|--------|-------------|-----------|--------|-------------|--------|------------|------------|--------|--------|-------------|--------|--------|--------------|-----------|
|                                        |   | Company     |      |   | Distributor |   |       | Fabricator |   |   | Distributor |   |   |         |      |
|                                        |   | (Heartland) |      |   | (Lee Oil)   |   |       | (Mound)    |   |   | (HS)        |   |   | Consolidated |      |
|                                        |   |        |      |   |        |   |       |       |   |   |        |   |   |         |      |
|  Total Assets                          |   | $           | 2,785,773 |   |        | $      | 12,915,534 |       |   | $      | 7,666,946   |   |   | $            | 1,721,537 |   |   | $ | 25,089,790 |   |
| Three Months                                |   |        |      |   |        |   |       |       |   |   |        |   |   |         |      |   |   |   |   |   |
|  Revenues                              |   |        | -         |   |        |   | 19,499,213 |       |   |   | 3,155,854   |   |   |         | 124,519   |   |   |   | 22,779,586 |   |
|  Gross Margins                         |   |        | -         |   |        |   | 1,891,010  |       |   |   | 593,339     |   |   |         | 10,605    |   |   |   | 2,494,954 |   |
|  Loss From Operations                  |   |        |      |   |        |   |       |       |   |   |        |   |   |         |      |   |   |   |   |   |
|     Before Income Taxes |   |        | (396,350  | )      |        |   | 287,653    |       |   |   | 208,190     |   |   |         | (113,364  | ) |   |   | (13,871 | ) |
| Six Months                                  |   |        |      |   |        |   |       |       |   |   |        |   |   |         |      |   |   |   |   |   |
|  Revenues                              |   |        | -         |   |        |   | 35,718,180 |       |   |   | 6,264,002   |   |   |         | 535,083   |   |   |   | 42,517,265 |   |
|  Gross Margins                         |   |        | -         |   |        |   | 3,895,054  |       |   |   | 1,242,388   |   |   |         | 24,751    |   |   |   | 5,162,193 |   |
|  Income From Operations                |   |        |      |   |        |   |       |       |   |   |        |   |   |         |      |   |   |   |   |   |
|     Before Income Taxes |   |        | (761,673  | )      |        |   | 453,353    |       |   |   | 705,718     |   |   |         | (313,218  | ) |   |   | 84,180 |   |

| NOTE E | CONSTRUCTION NOTE |
|--------|-------------------|

| NOTE F | RECLASSIFICATIONS |
|--------|-------------------|

| NOTE G | SUBSEQUENT EVENTS |
|--------|-------------------|

----

| ·   | Mound – Steel Fabrication – Primarily focused on the fabrication of metal products including structural steel, steel stairs and railings, bar joists, metal decks, and other miscellaneous steel products. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Lee Oil – Oil Distribution – Primarily focused on the wholesale and retail distribution of petroleum products including those sold to the motoring public through our retail locations. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Heartland Steel – Wholesale Steel – This is a startup segment of the business that we are developing into a service center for the distribution of steel products. This segment of the business will not be fully operational until later in the 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

|                  |   |                          |
|-----------------------|--------|-------------------------------|
|                  |   | HEARTLAND, INC.               |
|                  |   | (Registrant)                  |
|                  |   |                          |
|                  |   |                          |
| Date: August 14, 2009 |   | By: /s/ Terry L. Lee          |
|                  |   | Terry L. Lee                  |
|                  |   | Chief Executive Officer and   |
|                  |   | Chairman of the Board         |
|                  |   | (Principal Executive Officer) |
|                  |   |                          |
|                  |   |                          |
| Date: August 14, 2009 |   | By: /s/ Mitchell L. Cox, CPA  |
|                  |   | Mitchell L. Cox               |
|                  |   | Chief Financial Officer       |
|                  |   | (Principal Financial          |
|                  |   | and Accounting Officer)       |
|                  |   |                          |