UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
DC 20549





FORM
10-Q





[X]
                    Quarterly
      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
      1934For
      the quarterly period ended November 30,
      2008[  ]
                    Transition
      Report pursuant to 13 or 15(d) of the Securities Exchange Act of
      1934For
      the transition period__________
      to__________Commission
      File Number: 333-91191





Cascade Wind
Corp.


(Exact
name of small business issuer as specified in its charter)





Nevada
                      74-2329327(State
      or other jurisdiction of incorporation or
    organization)
                      (IRS
      Employer Identification
No.)




4888 NW Bethany Blvd., Suite K-5 #141, Portland,
      OR(Address
      of principal executive
offices)





(503)
      617-4831(Issuer’s
      telephone number)_______________________________________________________________(Former
      name, former address and former fiscal year, if changed since last
      report)


Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 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 [X]
Yes    [ ] No





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.




[ ]
      Large accelerated filer Accelerated filer
            [ ]
      Non-accelerated filer[X]
      Smaller reporting company





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). [ ] Yes   [X] No





State the
number of shares outstanding of each of the issuer’s classes of common stock, as
of the latest practicable date: 4,651,978 common shares as of November 30,
2008.




Table of Contents




TABLEOF
      CONTENTS
                          PagePART I – FINANCIAL INFORMATIONItem 1:
                          Financial Statements
                          3Item 2:
                          Management’s Discussion and Analysis of Financial Condition and
      Results of Operations
                          4Item 3:
                          Quantitative and Qualitative Disclosures About Market
      Risk
                          7Item 4T:
                          Controls and Procedures
                          7PART II – OTHER INFORMATIONItem 1:
                          Legal Proceedings
                          8Item 1A:
                          Risk Factors
                          8Item 2:
                          Unregistered Sales of Equity Securities and Use of
      Proceeds
                          8Item 3:
                          Defaults Upon Senior Securities
                          9Item 4:
                          Submission of Matters to a Vote of Security
      Holders
                          9Item 5:
                          Other Information
                          10Item 6:
                          Exhibits
                          10
  2
 Table of Contents


PART
I - FINANCIAL INFORMATION





Item1.     Financial Statements





Our
      unaudited financial statements included in this Form 10-Q are as
      follows:F-1
            Balance Sheets as of February 29, 2008 (audited) and November
      30, 2008 (unaudited);F-2
            Statement of Operations and Comprehensive Income/Loss for the
      three and nine months ended November 30, 2008 and 2007
      (unaudited);F-3
            Statements of Cash Flows for the nine months ended November 30,
      2008 (unaudited);F-4
            Statements of Stockholders’ Equity for the nine months ended
      November 30, 2008 and 2007 (unaudited);F-5
            Notes to Unaudited Financial
  Statements;








These
unaudited financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America for interim
financial information and the SEC instructions to Form 10-Q.  In the
opinion of management, all adjustments considered necessary for a fair
presentation have been included.  Operating results for the interim
period ended November 30, 2008 are not necessarily indicative of the results
that can be expected for the full year.




3
 Table of Contents
 CASCADEWIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Balance
Sheets


ASSETS
                                                                                                                              November
      30,
                                                                                                                                  2008
                                                                                                                              
                                                                                                                              February
      29,
                                                                                                                                  2008(Unaudited)CURRENT
      ASSETSCash
      and cash equivalents
                                                                                                                              $
                                                                                                                              49,623
                                                                                                                              
                                                                                                                              $
                                                                                                                              -Total
      Current Assets
                                                                                                                              
                                                                                                                              49,623
                                                                                                                              
                                                                                                                              
                                                                                                                              -OTHER
      ASSETSNet
      assets of discontinued operations
                                                                                                                              
                                                                                                                              181,996
                                                                                                                              
                                                                                                                              
                                                                                                                              2,847,226Total
      Other Assets
                                                                                                                              
                                                                                                                              181,996
                                                                                                                              
                                                                                                                              
                                                                                                                              2,847,226TOTAL
      ASSETS
                                                                                                                              $
                                                                                                                              231,619
                                                                                                                              
                                                                                                                              $
                                                                                                                              2,847,226LIABILITIES AND STOCKHOLDERS'
      EQUITYCURRENT
      LIABILITIESBank
      overdraft
                                                                                                                              $
                                                                                                                              1,608
                                                                                                                              
                                                                                                                              $
                                                                                                                              -Accounts
      payable and accrued expenses
                                                                                                                              
                                                                                                                              13,922
                                                                                                                              
                                                                                                                              
                                                                                                                              -Dividend
      payable
                                                                                                                              
                                                                                                                              181,996
                                                                                                                              
                                                                                                                              
                                                                                                                              -Net
      liabilities of discontinued operations
                                                                                                                              
                                                                                                                              1,388
                                                                                                                              
                                                                                                                              
                                                                                                                              35,674Total
      Current Liabilities
                                                                                                                              
                                                                                                                              198,914
                                                                                                                              
                                                                                                                              
                                                                                                                              35,674STOCKHOLDERS'
      EQUITYPreferred
      stock; $0.01 par value, 5,000,000 shares authorized,
                                                                                                                                no
      shares issued and outstanding
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              -Common
      stock; $0.001 par value, 100,000,000 shares authorized,
                                                                                                                                4,651,978
      and 150,079 shares issued and outstanding, respectively
                                                                                                                              
                                                                                                                              4,652
                                                                                                                              
                                                                                                                              
                                                                                                                              150Additional
      paid-in capital
                                                                                                                              
                                                                                                                              41,975
                                                                                                                              
                                                                                                                              
                                                                                                                              1,455,164Deficit
      accumulated during the development stage
                                                                                                                              
                                                                                                                              (13,922)
                                                                                                                              
                                                                                                                              
                                                                                                                              -Retained
      earnings
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              1,315,813Accumulated
      other comprehensive income
                                                                                                                              
                                                                                                                              -
                                                                                                                              
                                                                                                                              
                                                                                                                              40,425Total
      Stockholders' Equity
                                                                                                                              
                                                                                                                              32,705
                                                                                                                              
                                                                                                                              
                                                                                                                              2,811,552ToTAL
      LIABILITIES AND STOCKHOLDERS' EQUITY
                                                                                                                              $
                                                                                                                              231,619
                                                                                                                              
                                                                                                                              $
                                                                                                                              2,847,226




The
accompanying notes are an integral part of these financial
statements.
 F-1
 Table of Contents


CASCADEWIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Statements
of Operations


For
      the Three Months Ended
                                                                                                                                                                                                                                                                                                                                November 30,
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            For
      the Nine Months Ended
                                                                                                                                                                                                                                                                                                                                November 30,
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            From
      Inceptionof
      DevelopmentStage
      ThroughNovember
      30,2008
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            2007
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            2008
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            2007
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            2008REVENUESRevenues
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -Total
      Revenues
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -OPERATING
      EXPENSESGeneral
      and administrative
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,922
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,922
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,922Total
      Operating Expenses
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,922
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,922
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,922INCOME
      (LOSS) FROM CONTINUING OPERATIONS
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (13,922)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (13,922)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (13,922)INCOME
      (LOSS) FROM DISCONTINUED OPERATIONS NET OF INCOME
      TAXES
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (48,333)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            84,529
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (237,495)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            60,934
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -NET
      INCOME (LOSS)
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (62,255)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            84,529
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (251,417)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            60,934
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (13,922)OTHER
      COMPREHENSIVE INCOME, net of tax:Unrealized
      holding gain (loss) on investments available for
      sale
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (39,888)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            5,215
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (39,660)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            2,487
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -Deferred
      tax (expense) benefit on unrealized gain
(loss)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,960
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            13,880
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -Reclassification
      of (gain) loss included in net income (loss)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (22,532)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (22,532)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -Deferred
      tax expense (benefit) on realized gain (loss)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            7,887
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            7,887
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            -COMPREHENSIVE
      INCOME (LOSS)
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (102,828)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            89,744
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (291,842)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            63,421
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (13,922)BASIC
      INCOME (LOSS) PER COMMON SHARECONTINUING
      OPERATIONS
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (0.00)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (0.01)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            -DISCONTINUED
      OPERATIONS
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (0.02)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            0.56
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            (0.14)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            0.41$
                                                                                                                                                                                                                                                                                                                            (0.02)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            0.56
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (0.15)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            0.41COMPREHENSIVE
      INCOME (LOSS) PER COMMON SHARE
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (0.03)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            0.60
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            (0.18)
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                                                                                                                                                                                            0.42WEIGHTED
      AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            3,151,345
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            150,079
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            1,650,738
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                            150,079
  The
accompanying notes are an integral part of these financial
statements.


F-2
 Table of Contents
 CASCADEWIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Statements
of Cash Flows
 Common
      Stock
                                                                                                                                                                                                              
                                                                                                                                                                                                              Additional
                                                                                                                                                                                                                  Paid-in
                                                                                                                                                                                                              
                                                                                                                                                                                                              Deficit
                                                                                                                                                                                                                      Accumulatd
                                                                                                                                                                                                                      During the
                                                                                                                                                                                                                      Development
                                                                                                                                                                                                              
                                                                                                                                                                                                              Retained
                                                                                                                                                                                                              
                                                                                                                                                                                                              Accumulated
                                                                                                                                                                                                                  Comprehensive
                                                                                                                                                                                                              
                                                                                                                                                                                                              Total
                                                                                                                                                                                                                  Stockholders'Shares
                                                                                                                                                                                                              
                                                                                                                                                                                                              Amount
                                                                                                                                                                                                              
                                                                                                                                                                                                              Capital
                                                                                                                                                                                                              
                                                                                                                                                                                                              Stage
                                                                                                                                                                                                              
                                                                                                                                                                                                              Earnings
                                                                                                                                                                                                              
                                                                                                                                                                                                              Gain
      (Loss)
                                                                                                                                                                                                              
                                                                                                                                                                                                              EquityBalance,
      February 29, 2008
                                                                                                                                                                                                              
                                                                                                                                                                                                              150,079
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              150
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              1,455,164
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              1,315,813
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              40,425
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              2,811,552Decrease
      in holding gain on available for sale
      investments, net of deferred tax credit of
      $13,880
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (25,780)
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (25,780)Transfer
      to recognized gain onavailable for sale investments, net of
      deferred tax expenses of $7,887
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (14,645)
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (14,645)Distribution
      to shareholders
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (1,453,706)
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (1,078,318)
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (2,532,024)Common
      stock issued for cash at $0.01 per share
                                                                                                                                                                                                              
                                                                                                                                                                                                              4,501,899
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              4,502
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              40,517
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              45,019Net
      loss for the nine months ended November 30,
    2008
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (13,922)
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (237,495)
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              
                                                                                                                                                                                                              (251,417)Balance,
      November 30, 2008
                                                                                                                                                                                                              
                                                                                                                                                                                                              4,651,978
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              4,652
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              41,975
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              (13,922)
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              -
                                                                                                                                                                                                              
                                                                                                                                                                                                              $
                                                                                                                                                                                                              32,705
 F-3
 Table of Contents
 CASCADEWIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Statements
of Stockholders' Equity (Deficit)
   For
      the Nine Months Ended
                                                                                                                                                                              November 30,
                                                                                                                                                                          
                                                                                                                                                                          From
      Inception
                                                                                                                                                                                  of Development
                                                                                                                                                                                  Stage Through
                                                                                                                                                                                  November
30,2008
                                                                                                                                                                          
                                                                                                                                                                          2007
                                                                                                                                                                          
                                                                                                                                                                          2008OPERATING
      ACTIVITIESNet
      loss
                                                                                                                                                                          $
                                                                                                                                                                          (251,417)
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          60,934
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          (13,922)Adjustments
      to reconcile net loss to net cash
      used by operating activities:Discontinued
      operations
                                                                                                                                                                          
                                                                                                                                                                          82,153
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          (38,437)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -Changes
      in Operating Assets and Liabilities:Bank
      overdraft
                                                                                                                                                                          
                                                                                                                                                                          1,608
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -Accounts
      payable and accrued expenses
                                                                                                                                                                          
                                                                                                                                                                          13,922
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          13,922Net
      assets and liabilities of discontinued operations
                                                                                                                                                                          
                                                                                                                                                                          (161,179)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          (223,460)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -Net
      Cash Used in Operating Activites
                                                                                                                                                                          
                                                                                                                                                                          (314,913)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          (200,963)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -INVESTING
      ACTIVITIESDiscountinued
      operations
                                                                                                                                                                          
                                                                                                                                                                          606,658
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          (176,920)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -Net
      Cash Used in Investing Activities
                                                                                                                                                                          
                                                                                                                                                                          606,658
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          (176,920)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -FINANCING
      ACTIVITIESCommon
      stock issued for cash
                                                                                                                                                                          
                                                                                                                                                                          45,019
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -Distribution
      to shareholders
                                                                                                                                                                          
                                                                                                                                                                          (2,350,028)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -Net
      Cash Provided by Financing Activities
                                                                                                                                                                          
                                                                                                                                                                          (2,305,009)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -NET
      DECREASE IN CASH
                                                                                                                                                                          
                                                                                                                                                                          (2,013,264)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          (377,883)
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          -CASH
      AT BEGINNING OF PERIOD
                                                                                                                                                                          
                                                                                                                                                                          2,062,887
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          2,391,302
                                                                                                                                                                          
                                                                                                                                                                          
                                                                                                                                                                          49,623CASH
      AT END OF PERIOD
                                                                                                                                                                          $
                                                                                                                                                                          49,623
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          2,013,419
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          49,623SUPPLEMENTAL
      DISCLOSURES OF CASH FLOW INFORMATIONCASH
      PAID FOR:Interest
                                                                                                                                                                          $
                                                                                                                                                                          314
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          499
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          -Income
      taxes
                                                                                                                                                                          $
                                                                                                                                                                          (7,394)
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          200,558
                                                                                                                                                                          
                                                                                                                                                                          $
                                                                                                                                                                          -SUPPLEMENTAL
      SCHEDULE OF NON-CASH INVESTING ACTIVITIES:During
      FY 2008, the Company's available for sale securities increased in value by
      $2,487, net of deferred taxes of $1,338.During
      FY 2009, the Company's available for sale securities decreased in value by
      $25,780, net of deferred taxes of $13,880.During
      FY 2009, the Company accrued $15,000 estimated asset retirement obligation
      costs for expected plugging and abandonment of the unsuccessful well
      drilled in Kansas.During
      FY 2009, the Company eliminated $7,552 in asset retirement obilgations
      associated withthe
      sale of the New Mexico natural gas properties.During
      FY 2009, the Company abandoned $49,990 of equipment which had been fully
      depreciated and deemed to have no salvage value.
 The
accompanying notes are an integral part of these financial
statements.


F-4
 Table of Contents


CASCADEWIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Notes
to Financial Statements
 November
30, 2008 and February 29, 2008
  
 NOTE
1 - CONDENSED FINANCIAL STATEMENTS
 
 The
accompanying financial statements have been prepared by the Company without
audit.  In the opinion of management, all adjustments (which include
only normal recurring adjustments) necessary to present fairly the financial
position, results of operations, and cash flows at November 30, 2008, and for
all periods presented herein, have been made.
 
 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.  It is
suggested that these condensed financial statements be read in conjunction with
the financial statements and notes thereto included in the Company's February
29, 2008 audited financial statements.  The results of operations for
the periods ended November 30, 2008 and 2007 are not necessarily indicative of
the operating results for the full years.
 
 The
Company has been reclassified as a development stage enterprise as of October 3,
2008.
 
 NOTE
2 - GOING CONCERN
 
 The
Company's financial statements are prepared using generally accepted accounting
principles in the United States of America applicable to a going concern which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business. The Company has not yet established an ongoing source
of revenues sufficient to cover its operating costs and allow it to continue as
a going concern. The ability of the Company to continue as a going concern is
dependent on the Company obtaining adequate capital to fund operating losses
until it becomes profitable. If the Company is unable to obtain adequate
capital, it could be forced to cease operations.
 
 In order
to continue as a going concern, the Company will need, among other things,
additional capital resources. Management's plan is to obtain such resources for
the Company by obtaining capital from management and significant shareholders
sufficient to meet its minimal operating expenses and seeking equity and/or debt
financing. However management cannot provide any assurances that the Company
will be successful in accomplishing any of its plans.
 
 The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going
concern.
 
 F-5
 Table of Contents
 CASCADE
WIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Notes
to Financial Statements
 November
30, 2008 and February 29, 2008
 
 NOTE
3 - SIGNIFICANT ACCOUNTING POLICIES
 
 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 the financial statements and
the reported amounts of revenues and expenses during the reporting
period.  Actual results could differ from those
estimates.
 
 Recent Accounting
Pronouncements
 
 In May
2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 163,
“Accounting for Financial
Guarantee Insurance Contracts-and interpretation of FASB Statement No.
60”.SFAS
No. 163 clarifies how Statement 60 applies to financial guarantee insurance
contracts, including the recognition and measurement of  premium
revenue and claims liabilities. This statement also requires expanded
disclosures about financial guarantee insurance contracts. SFAS No. 163 is
effective for fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the Company’s
financial position, statements of operations, or cash flows at this
time.
 
 In May
2008, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 162,
“The Hierarchy of Generally
Accepted Accounting Principles”.SFAS No. 162 sets forth
the level of authority to a given accounting pronouncement or document by
category. Where there might be conflicting guidance between two categories, the
more authoritative category will prevail. SFAS No. 162 will become effective 60
days after the SEC approves the PCAOB’s amendments to AU Section 411 of the
AICPA Professional Standards. SFAS No. 162 has no effect on the Company’s
financial position, statements of operations, or cash flows at this
time.
 
 NOTE
4 - SIGNIFICANT EVENTS
 
 On
October 2, 2008, the Company entered into an Agreement and Plan of Merger to
re-domicile the Company from New Mexico to Nevada.  The re-domicile
was effectuated by merging (the “Merger”) Intermountain Refining Co., Inc., a
New Mexico Corporation, with and into A.R.E. Wind Corp., a Nevada corporation
formed in preparation for the re-domicile. The Merger was effective on October
2, 2008 upon filing Articles of Merger with the Nevada Secretary of
State.  The Company’s shareholders approved the Merger at the annual
shareholder meeting held on October 2, 2008.
 
 Pursuant
to the Agreement and Plan of Merger, each share of common stock of the Company
was converted into one fully paid and non-assessable share of A.R.E. Wind
Corp.  As such, each stock certificate representing issued and
outstanding shares of common stock of Intermountain Refining Co., Inc. continued
to represent the same number and class of shares of A.R.E. Wind common stock.
The officers and directors of the Company became the officers and directors of
A.R.E. Wind Corp. The Company also
 F-6
 Table of Contents
 CASCADE
WIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Notes
to Financial Statements
 November
30, 2008 and February 29, 2008
 NOTE
4 - SIGNIFICANT EVENTS (CONTINUED)
  adopted
the Articles of Incorporation and Bylaws of A.R.E. Wind Corp. as our governing
documents.
 
 Certain
other shareholder actions were undertaken in connection with the
Merger.  The Company amended its Articles of Incorporation to increase
the authorized common stock from 10,000,000 to 100,000,000 shares, and changed
the par value of the common stock from no par to $0.001 par
value.   The Company also reverse split the outstanding shares of
common stock at a ratio of 7.7 to 1, leaving a total of 150,079 shares of common
stock issued and outstanding following the split. Finally, the Company amended
our Articles of Incorporation and Bylaws to allow one director instead of
requiring two directors to serve at any given time. The Merger has been
accounted for as a recapitalization of the Company accordingly the historical
financial statements of the Company are presented as those of the merged entity.
The Company’s financial statements have been restated to reflect the reverse
stock split on a retroactive basis.
 
 On
October 3, 2008, the Company entered into a Plan of Liquidation and Escrow
Agreement (the “Plan”) with an officer and director, Mr. William Hagler, for the
purpose of effecting the liquidation of all of its assets to shareholders of the
Company.  The Company’s board of directors and shareholders have
approved the Plan pursuant to Nevada law.  Under the Plan, Mr. Hagler
will serve as Escrow Agent and is authorized to sell and otherwise liquidate all
of our assets and properties and to pay or make adequate provision for the
payment of all of our debts, liabilities and obligations (the “Asset Sale”). The
Company intends to conduct the Asset Sale in the coming weeks.  Once
completed, the Company intends to distribute the net proceeds from the Asset
Sale to the Company’s shareholders of record as of December 11,
2008.  It is expected that these shareholders will receive a majority
of the cash to be distributed before the end of the 2008 and that a smaller,
final distribution could follow in the first half of 2009.
 
 Mr.
Hagler will not receive any compensation in connection with his role as Escrow
Agent in the Asset Sale.  However, if his responsibilities as Escrow
Agent continue after December 31, 2008, the Company has agreed to pay Mr. Hagler
$50 per hour for the time he spends in connection with the Asset
Sale.
 
 As a
result of the Asset Sale, the Company will no longer be engaged in its prior
business, but will undertake the business of manufacturing and selling wind
energy generators.  In connection with our new business direction, the
Company is currently involved in negotiations with different entities in the
industry.  There can be no assurance, however, that the Company’s
efforts to acquire such an opportunity will be successful.
 
 On
December 1, 2008, the Company entered into an Advisory Agreement (“Agreement”)
with Steve Shum, its Chief Executive Officer.  Mr. Shum has been
retained to provide financial advisory services to the Company for a term from
November 17, 2008 to December 31, 2008.  Mr. Shum will be paid a fixed
fee in the amount of $10,250 for services provided under the
Agreement.  In providing services under the Agreement, Mr. Shum will
be acting as an independent contract, not an employee of the
Company.
 F-7
 Table of Contents
 CASCADE
WIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Notes
to Financial Statements
 November
30, 2008 and February 29, 2008
 
 NOTE
4 - SIGNIFICANT EVENTS (CONTINUED)
 
 On
December 1, 2008, the Company also entered into an Advisory Agreement
(“Agreement”) with David N. Baker.  Mr. Baker has been retained to
provide financial advisory services to the Company for a term from November 17,
2008 to December 31,
 2008.  Mr.
Baker will be paid a fixed fee in the amount of $34,500 for services provided
under the Agreement.
 
 On
December 1, 2008, the Board of Directors of the Company approved an amendment to
the Company's articles of incorporation to change the name of the Company from
"A.R.E. Wind Corp." to "Cascade Wind Corp., Inc."  The name change
amendment was approved by the board of directors and by a majority of the
shareholders.  The name change amendment was filed with the Nevada
Secretary of State on December 2, 2008.
 
 On
October 24, 2008, the Company issued 4,501,899 shares of our common stock at a
price of $0.01 per share. The Company conducted the offering as a private
placement exempt from the registration requirements of the Securities Act of
1933 under Section 4(2) and/or Rule 506 of Regulation D there
under.  As a result of the issuance of the abovementioned common
shares, Mr. Steven Shum owns 1,096,806 shares of our common stock and Mr. David
Baker owns 3,200,649 shares of our common stock, and together they own 92.4% of
the outstanding shares of our common stock, resulting in a change of
control.
 
 NOTE
5 – DISCONTINUED OPERATIONS
 
 On
October 3, 2008, the Company entered into a Plan of Liquidation and Escrow
Agreement for the purpose of effecting the liquidation of all of its assets to
shareholders of the Company. Accordingly, the Company’s financial statements
were restated to reflect its operations as discontinued. The following financial
statements present the Company’s financial position and operations prior to the
restatement.
 F-8
 Table of Contents
 CASCADE
WIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Notes
to Financial Statements
 November
30, 2008 and February 29, 2008
 
 NOTE
5 – DISCONTINUED OPERATIONS (CONTINUED)
 ASSETSNovember
      30,
                                                                                          2008
                                                                                      
                                                                                      February
      29,
                                                                                          2008(Unaudited)CURRENT
      ASSETSCash
      and cash equivalents
                                                                                      $
                                                                                      49,623
                                                                                      
                                                                                      $
                                                                                      2,062,887Accounts
      receivable
                                                                                      
                                                                                      24,878
                                                                                      
                                                                                      
                                                                                      13,051Current
      portion of notes receivable
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      15,731Accrued
      interest receivable
                                                                                      
                                                                                      22
                                                                                      
                                                                                      
                                                                                      685Income
      tax refund receivable
                                                                                      
                                                                                      153,869
                                                                                      
                                                                                      
                                                                                      11,468Prepaid
      expenses
                                                                                      
                                                                                      3,221
                                                                                      
                                                                                      
                                                                                      939Total
      Current Assets
                                                                                      
                                                                                      231,613
                                                                                      
                                                                                      
                                                                                      2,104,761FIXED
      ASSETSLand,
      building, and improvements
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      343,057Equipment
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      45,990Asphalt
      equipment
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      4,000Natural
      gas properties
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      658,489Accumulated
      depreciation
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      (469,077)Total
      Fixed Assets, net
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      582,459OTHER
      ASSETSAvailable-for-sale
      investments
                                                                                      
                                                                                      6
                                                                                      
                                                                                      
                                                                                      136,508Notes
      receivable, net of current portion
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      23,223Other
      assets
                                                                                      
                                                                                      -
                                                                                      
                                                                                      
                                                                                      275Total
      Other Assets
                                                                                      
                                                                                      6
                                                                                      
                                                                                      
                                                                                      160,006TOTAL
      ASSETS
                                                                                      $
                                                                                      231,619
                                                                                      
                                                                                      $
                                                                                      2,847,226
  LIABILITIES AND STOCKHOLDERS' EQUITY
      (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable and accrued expenses
                                                                                                                  $
                                                                                                                  15,310
                                                                                                                  
                                                                                                                  $
                                                                                                                  4,102Bank
      overdraft
                                                                                                                  
                                                                                                                  1,608
                                                                                                                  
                                                                                                                  
                                                                                                                  -Taxes
      other than income taxes
                                                                                                                  
                                                                                                                  -
                                                                                                                  
                                                                                                                  
                                                                                                                  2,618Dividends
      payable
                                                                                                                  
                                                                                                                  181,996
                                                                                                                  
                                                                                                                  
                                                                                                                  -Total
      Current Liabilities
                                                                                                                  
                                                                                                                  198,914
                                                                                                                  
                                                                                                                  
                                                                                                                  6,720DEFERRED
      TAXES
                                                                                                                  
                                                                                                                  -
                                                                                                                  
                                                                                                                  
                                                                                                                  21,767ASSET
      RETIREMENT OBLIGATIONS
                                                                                                                  
                                                                                                                  -
                                                                                                                  
                                                                                                                  
                                                                                                                  7,187STOCKHOLDERS'
      EQUITY (DEFICIT)Preferred
      stock; $0.01 par value, 5,000,000 shares authorized,
                                                                                                                    no
      shares issued and outstanding
                                                                                                                  
                                                                                                                  -
                                                                                                                  
                                                                                                                  
                                                                                                                  -Common
      stock; no par value, 10,000,000 shares authorized,
                                                                                                                    4,651,978
      and 150,079 shares issued and outstanding, respectively
                                                                                                                  
                                                                                                                  4,652
                                                                                                                  
                                                                                                                  
                                                                                                                  150Additional
      paid in capital
                                                                                                                  
                                                                                                                  41,975
                                                                                                                  
                                                                                                                  
                                                                                                                  1,455,164Retained
      earnings
                                                                                                                  
                                                                                                                  (13,922)
                                                                                                                  
                                                                                                                  
                                                                                                                  1,315,813Accumulated
      other comprehensive income
                                                                                                                  
                                                                                                                  -
                                                                                                                  
                                                                                                                  
                                                                                                                  40,425Total
      Stockholders' Equity (Deficit)
                                                                                                                  
                                                                                                                  32,705
                                                                                                                  
                                                                                                                  
                                                                                                                  2,811,552TOTAL
      LIABILITIES AND STOCKHOLDERS'EQUITY (DEFICIT)
                                                                                                                  $
                                                                                                                  231
      ,619
                                                                                                                  
                                                                                                                  $
                                                                                                                  2,847,226
  F-9
 Table of Contents
 CASCADE
WIND CORP., INC.
 (FKA
INTERMOUNTAIN REFINING CO., INC.)
 (A
Development Stage Company)
 Notes
to Financial Statements
 November
30, 2008 and February 29, 2008
 NOTE
5 – DISCONTINUED OPERATIONS (CONTINUED)
  For
      the Three Months Ended
                                                        November 30,
                                                    
                                                    For
      the Nine Months Ended
                                                        November 30,2008
                                                    
                                                    2007
                                                    
                                                    2008
                                                    
                                                    2007REVENUESOil
      and gas revenues
                                                    $
                                                    40,905
                                                    
                                                    $
                                                    32,581
                                                    
                                                    $
                                                    133,645
                                                    
                                                    $
                                                    109,018Asphalt
      equipment rental and fees
                                                    
                                                    21,220
                                                    
                                                    
                                                    110,062
                                                    
                                                    
                                                    82,243
                                                    
                                                    
                                                    188,045Real
      estate rental income
                                                    
                                                    2,750
                                                    
                                                    
                                                    2,490
                                                    
                                                    
                                                    10,140
                                                    
                                                    
                                                    9,240Other
      revenues
                                                    
                                                    750
                                                    
                                                    
                                                    750
                                                    
                                                    
                                                    2,250
                                                    
                                                    
                                                    2,250Total
      Revenues
                                                    
                                                    65,625
                                                    
                                                    
                                                    145,883
                                                    
                                                    
                                                    228,278
                                                    
                                                    
                                                    308,553COSTS
      AND EXPENSESCost
      of sales
                                                    
                                                    18,021
                                                    
                                                    
                                                    27,266
                                                    
                                                    
                                                    94,759
                                                    
                                                    
                                                    101,119General
      and administrative
                                                    
                                                    339,808
                                                    
                                                    
                                                    75,656
                                                    
                                                    
                                                    483,042
                                                    
                                                    
                                                    222,477Depletion,
      depreciation, amortization
                                                    
                                                    5,353
                                                    
                                                    
                                                    5,000
                                                    
                                                    
                                                    15,754
                                                    
                                                    
                                                    16,317Accretion
      of discount on asset retirement obligation
                                                    
                                                    109
                                                    
                                                    
                                                    104
                                                    
                                                    
                                                    335
                                                    
                                                    
                                                    312Salvage
      of refinery equipment
                                                    
                                                    -
                                                    
                                                    
                                                    (430)
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    (9,930)(Gain)
      loss on settlement of asset retirement
    obligations
                                                    
                                                    (7,669)
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    (7,669)
                                                    
                                                    
                                                    -Gain
      (loss) on sale of property, land, and
equipment
                                                    
                                                    (139,462)
                                                    
                                                    
                                                    (68,383)
                                                    
                                                    
                                                    94,053
                                                    
                                                    
                                                    (68,383)Bad
      debt expense
                                                    
                                                    -
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    -
                                                    
                                                    
                                                    11,311Interest
      and investment(income)/loss,
      net
                                                    
                                                    (30,865)
                                                    
                                                    
                                                    (13,873)
                                                    
                                                    
                                                    (50,884)
                                                    
                                                    
                                                    (47,580)Total
      Costs and Expenses
                                                    
                                                    185,295
                                                    
                                                    
                                                    25,340
                                                    
                                                    
                                                    629,390
                                                    
                                                    
                                                    225,643INCOME
      (LOSS) FROM OPERATIONS
                                                    
                                                    (119,670)
                                                    
                                                    
                                                    120,543
                                                    
                                                    
                                                    (401,112)
                                                    
                                                    
                                                    82,910Provision
      (benefit) for income taxes - current
                                                    
                                                    57,415
                                                    
                                                    
                                                    (36,014)
                                                    
                                                    
                                                    149,695
                                                    
                                                    
                                                    (21,976)NET
      INCOME (LOSS)
                                                    $
                                                    (62,255)
                                                    
                                                    $
                                                    84,529
                                                    
                                                    $
                                                    (251,417)
                                                    
                                                    $
                                                    60,934
 
 F-10
 Table of Contents
  Item2.     Management’s Discussion and
Analysis of Financial Condition and Results of Operations





Forward-Looking
Statements





Certain
statements, other than purely historical information, including estimates,
projections, statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements are based,
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of
1934.   These forward-looking statements generally are identified
by the words “believes,” “project,” “expects,” “anticipates,” “estimates,”
“intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will
continue,” “will likely result,” and similar expressions.  We intend
such forward-looking statements to be covered by the safe-harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995, and are including this statement for purposes of complying with
those safe-harbor provisions.  Forward-looking statements are based on
current expectations and assumptions that are subject to risks and uncertainties
which may cause actual results to differ materially from the forward-looking
statements. Our ability to predict results or the actual effect of future plans
or strategies is inherently uncertain.  Factors which could have a
material adverse affect on our operations and future prospects on a consolidated
basis include, but are not limited to: changes in economic conditions,
legislative/regulatory changes, availability of capital, interest rates,
competition, and generally accepted accounting principles. These risks and
uncertainties should also be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements.  We
undertake no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.  Further information concerning our business, including
additional factors that could materially affect our financial results, is
included herein and in our other filings with the SEC.





Company
Overview





We were
originally incorporated in the state of New Mexico in January of 1984 for the
purpose of producing natural gas, leasing asphalt manufacturing products, and
leasing asphalt storage facilities. On February 28, 2007, we sold all of our
interests in 19 natural gas producing wells that we operated in Southwestern
Kansas. Projections of future cash flows associated with the Kansas properties
were expected to decline significantly due to the old age of the subject
producing wells coupled with recent changes made by Oneok Field Services to the
gas purchase and sale agreement. In the past, sales of natural gas from the
Kansas properties represented a significant portion of our total revenues.
Following the sale of our Kansas properties, we sought to acquire additional oil
and/or natural gas producing properties or other complementary business
opportunities, to replace revenues and cash flows lost due to the sale of the
Kansas properties.





In an
effort to reconstitute our business, on October 2, 2008, at an annual meeting of
our shareholders, we redomiciled our company from New Mexico to Nevada, reverse
split our outstanding common stock at a ratio of 7.7 to 1, and increased our
authorized common stock from 10,000,000 to 100,000,000 with an accompanying
change in par value from no par value per share to $.001 par value per
share.




4
 Table of Contents





Following
these changes, we set out to acquire the assets and business operations of
Abundant Renewable Energy, LLC (“Abundant”), a company involved in the
manufacture and sale of wind energy generators. In anticipation of this
potential acquisition and subsequent change in business operations, we
liquidated our remaining assets associated with our prior business operations
and changed our name to A.R.E. Wind Corp.





The
anticipated acquisition with Abundant, however, was never consummated. Despite
the setback, we intend to pursue our business plan in the alternative energy
industry.





On
December 1, 2008, our board of directors approved an amendment to our articles
of incorporation to change our name from "A.R.E. Wind Corp." to "Cascade Wind
Corp., Inc."  The name change amendment was approved by the board of
directors and by a majority of the shareholders.  The name change
amendment was filed with the Nevada Secretary of State on December 2,
2008.





Our
principal executive offices are located at 4888 NW Bethany Blvd, Suite K-5 #141,
Portland, OR 97229





Business
of Our Company





As a
result of our asset liquidation, we have determined to modify our business plan.
We are now in the business of developing, manufacturing, marketing, and selling
premium wind turbine systems and related equipment for electrical power
generation, specifically for use in residential, small business, rural electric
utility systems and other rural locations such as farms and wineries. We intend
to seek and acquire proprietary technology, including breakthroughs in power
electronics, alternator design, and blade design to increase performance,
reliability, and sound suppression. We intend to design, manufacture, and sell
wind turbine systems, and lightning protection systems as well as sell towers,
controllers and related equipment. We will work with other manufacturers of
inverters, lightning protection equipment and towers to integrate their
equipment into our products. We also intend to collaborate with renewable energy
(“RE”) consultants, manufacturers, the National Renewable Energy Laboratory, and
the U.S. Department of Energy (“DOE”) to develop innovative, attractive, quiet,
and durable small wind equipment, designed for ease of installation and to
certification standards which cover standard testing procedures, power ratings,
and structural designs of small wind systems.





Dramatic
increases in state and federal incentives, high energy costs, and environmental
consciousness are driving unprecedented growth in the small wind turbine market.
We hope to develop a product line and a dealer/installer network, which would
position us to take advantage of this opportunity.




5
 Table of Contents





Results
of Operations for the three and nine months ended November 30, 2008 and
2007





Comparison
the three months ended November 30, 2008 and 2007.





Income. We recorded $-0- in
revenues from continuing operations for the three months ended November 30,
2008, compared with $-0- in revenues for the three months ended November 30,
2007.
 
 Operating Expenses. Operating
expenses from continuing operations were $13,922 for the three months ended
November 30, 2008, compared to $-0- for same period ended 2007. The $13,922 in
operating expenses is comprised of accrued expenses for advisory
agreements.  The Company liquidated its assets and ceased operations
as of October 3, 2008.
 
 Net Loss.  We
recorded a net loss of $13,922 for continuing operations for the three months
ended November 30, 2008, compared with $-0- for the same period ended
2007.
 
 Discontinued Operations. We
reported a loss from discontinued operations of $48,333 or $0.02 per share for
the three months ended November 30, 2008 compared to a net income of $84,529 or
$0.56 per share for the three months ended November 30, 2007.
 
 Comparison
the nine months ended November 30, 2008 and 2007.
 
 Income. We recorded $-0- in
revenues from continuing operations for the nine months ended November 30, 2008,
compared with $-0- in revenues for the nine months ended November 30,
2007.
 
 Operating Expenses. Operating
expenses from continuing operations were $13,922 for the nine months ended
November 30, 2008, compared to $-0- for same period ended 2007. The $13,922 in
operating expenses is comprised of accrued expenses for advisory
agreements.  The Company liquidated its assets and ceased operations
as of October 3, 2008.
 
 Net Loss.  We
recorded a net loss of $13,922 for continuing operations for the nine months
ended November 30, 2008, compared with $-0- for the same period ended
2007.
 
 Discontinued Operations. We
reported a loss from discontinued operations of $237,495 or $0.14 per share for
the nine months ended November 30, 2008 compared to a net income of $60,934 or
$0.41 per share for the nine months ended November 30, 2007.


Liquidity
and Capital Resources





Capital
Resources





As stated
in financial statement Note 2 - Going Concern, we do not have an established
source of revenues sufficient to continue to cover our operating costs over an
extended period of time allowing us to continue as a going concern. Moreover, we
do not currently possess a financial institution source of financing or an
adequate principal source of financing and it does not appear likely that we
will be able to obtain such a source.





At
November 30, 2008, we had $49,623 in current assets and $198,914 in current
liabilities, resulting in a working capital deficit of
$149,291.


At the
date of this quarterly report, we have essentially ceased operations and are not
a going concern. We are actively searching for other business opportunities, but
have located nothing as of the date of this report.




6
 Table of Contents





To date,
we have paid no dividends and do not anticipate paying dividends into the
foreseeable future.





Cash
Flows from Operating Activities





Net cash
used in operating activities was $314,913 for the nine months ended November 30,
2008 comparable to net cash used in operating activities of $200,963 for the
same period ended November 30, 2007.


Cash
Flows from Investing Activities





Net cash
provided by investing activities amounted to $606,658 for the nine months ended
November 30, 2008, compared to the $176,920 used during same period ended
November 30, 2007.  The cash provided in 2008 came from the
liquidation of the Company’s assets.





Cash
Flows from Financing Activities





Cash used
in financing activities amounted to $2,305,009 for the nine months ended
November 30, 2008 compared to $-0- for the same period ended November 30, 2007.
The Company distributed $2,350,028 to its shareholders during 2008 and received
$45,019 from the private placement of shares of its common
stock.





Off
Balance Sheet Arrangements





As of
November 30, 2008, there were no off balance sheet arrangements.





Item3.     Quantitative and Qualitative
Disclosures About Market Risk





A smaller
reporting company is not required to provide the information required by this
Item.





Item4T.     Controls and
Procedures





We
carried out an evaluation of the effectiveness of the design and operation of
our disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of November 30, 2008.  This evaluation was
carried out under the supervision and with the participation of our Chief
Executive Officer and our Chief Financial Officer, Steven Shum.  Based
upon that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that, as of November 30, 2008, our disclosure controls and procedures
are effective.  There have been no changes in our internal controls
over financial reporting during the quarter ended November 30,
2008.





Disclosure
controls and procedures are controls and other procedures that are designed to
ensure that information required to be disclosed in our reports filed or
submitted under the Exchange Act are recorded, processed, summarized and
reported, within the time periods specified in the SEC's rules and forms.
Disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in our
reports filed under the Exchange Act is accumulated and communicated to
management, including our Chief Executive Officer and Chief Financial Officer,
to allow timely decisions regarding required disclosure.





Limitations on the
Effectiveness of Internal Controls





Our
management does not expect that our disclosure controls and procedures or our
internal control over financial reporting will necessarily prevent all fraud and
material error. Our disclosure controls and procedures are designed to provide
reasonable assurance of achieving our objectives and our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and
procedures are effective at that reasonable assurance level.  Further,
the design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
internal control. The design of any system of controls also is based in part
upon certain assumptions about the likelihood of future events, and there can be
no assurance that any design will succeed in achieving its stated goals under
all potential future conditions. Over time, control may become inadequate
because of changes in conditions, or the degree of compliance with the policies
or procedures may deteriorate.




7
 Table of Contents








PART
II – OTHER INFORMATION





Item1.     Legal Proceedings





We are
not a party to any pending legal proceeding. We are not aware of any pending
legal proceeding to which any of our officers, directors, or any beneficial
holders of 5% or more of our voting securities are adverse to us or have a
material interest adverse to us.





Item1A:  Risk Factors





A smaller
reporting company is not required to provide the information required by this
Item.





Item2.     Unregistered Sales of Equity
Securities and Use of Proceeds





On
October 24, 2008, we issued 4,501,899 shares of our common stock at a price of
$0.01 per share. We conducted the offering as a private placement exempt from
the registration requirements of the Securities Act of 1933 under Section 4(2)
and/or Rule 506 of Regulation D thereunder.  Each purchaser
represented his intention to acquire the securities for investment only and not
with a view toward distribution. We did not engage in any public solicitation or
general advertising. Each investor was given adequate access to sufficient
information about us to make an informed investment decision. None of the
securities were sold through an underwriter and accordingly, there were no
underwriting discounts or commissions involved. No registration rights were
granted to any of the purchasers. We issued the stock certificates and affixed
the appropriate legends to the restricted stock.




8
 Table of Contents





Item3.     Defaults upon Senior
Securities





None





Item4.     Submission of Matters to a Vote
of Security Holders





On
October 2, 2008, we held the annual meeting of our security holders. The meeting
was called for the purpose of electing two directors, approving a reverse split
of the common stock in an exchange ratio of up to one newly issued share for
each 7.7 outstanding shares of common stock, increasing the number of authorized
shares of common stock of the Company from 10,000,000 to 100,000,000 and to
change the Company’s common stock par value from no par value to par value of
$0.001, approving and adopting an Agreement and Plan of Merger providing for the
merger of the Company into a newly formed Nevada corporation for the purpose of
changing the state of incorporation of the Company from New Mexico to Nevada,
and transacting any other items of business that may properly come before the
meeting. The total number of shares of common stock outstanding at the record
date, September 2, 2008, was 1,155,609 shares. The number of votes represented
at this meeting was 868,925 shares, or 75.19% of shares eligible to
vote.





The
results for the election of directors were as follows:





Director
                  Votes
      Cast For
                  Votes
      Cast Against
                  AbstentionsWilliam
      Hagler
                  867,552
                  1,373
                  0Rick
      L. Hurt
                  867,552
                  1,373
                  0





The
security holders approved the reverse split of the common stock in an exchange
ratio of up to one newly issued share for each 7.7 outstanding shares of common
stock and the results were as follows:





Votes
      Cast For
                Votes
      Cast Against
                Abstentions819,552
                49,173
                200
  9
 Table of Contents





The
security holders approved increasing the number of authorized shares of common
stock of the Company from 10,000,000 to 100,000,000 and changing the Company’s
common stock par value from no par value to par value of $0.001 and the results
were as follows:





Votes
      Cast For
                Votes
      Cast Against
                Abstentions807,099
                48,198
                13,628





The
security holders approved an Agreement and Plan of Merger providing for the
merger of the Company into a newly formed Nevada corporation for the purpose of
changing the state of incorporation of the Company from New Mexico to Nevada and
the results were as follows:





Votes
      Cast For
                Votes
      Cast Against
                Abstentions807,099
                48,198
                13,628





No other
matters were acted upon by our security holders at our annual
meeting.





On
October 3, 2008, a majority of our shareholders approved by written consent the
Plan of Liquidation and Escrow Agreement, which was fully described and attached
as an exhibit to Form 8-K filed on November 25, 2008 with the Securities
Exchange Commission.





On
December 1, 2008, a majority of our shareholders approved an amendment to our
Articles of Incorporation to change our name to Cascade Wind Corp.





Item5.     Other Information





None





Item6.      Exhibits





ExhibitNumber
                    Description
      of Exhibit31.1
                    Certification of Chief Executive Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200231.2
                    Certification of Chief Financial Officer pursuant to 18
      U.S.C. Section 1350, as adopted pursuant to Section 302 of the
      Sarbanes-Oxley Act of 200232.1
                    Certification of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of
  2002





10
 Table of Contents




SIGNATURES





In
accordance with the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.





Cascade
      Wind Corp.Date:
            January
      19, 2009By:       /s/ Steven
      Shum
              Steven
      Shum
              Title:Chief
      Executive Officer and
Director