**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10−Q**


(Mark
      One)




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




For
      the
      quarterly period ended: March 31, 2008




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




For
      the
      transition period from ____________ to _____________




Commission
      File Number: 333-108690





**TRAVEL
      HUNT HOLDINGS, INC.**


(Exact
      Name of Registrant as Specified in Its Charter)





**Delaware**
            
            **65-0972647**(State
                or other jurisdiction of incorporation or organization)
            
            (I.R.S.
                Employer Identification No.)





**17th
      Floor, HongJi Building, JinWei Road**


**HeBei
      District, Tianjin, China**





(Address
      of principal executive offices, Zip Code)




(86
      22) 2626 9216


(Registrant’s
      telephone number, including area code)




**122
      Ocean Park Blvd., Suite 307**


**Santa
      Monica, CA 90405**





(Former
      name, former address and former fiscal year, if changed since last
      report)





Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Exchange Act during the past 12 months
      (or
      for such shorter period that the registrant was required to file such reports),
      and (2) has been subject to such filing requirements for the past 90 days.
      Yes x No o




Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, a non-accelerated filer, or a smaller reporting company.
      See
      the definitions of “large accelerated filer,” “accelerated filer” and “smaller
      reporting company” in Rule 12b-2 of the Exchange Act.





Large
                  Accelerated Filer   o
              Accelerated
                  Filer oNon-Accelerated
                  Filer  o(Do
                  not check if a smaller reporting company)
              Smaller
                  reporting company  x





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





The
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of May 20 ,
      2008 is
      as follows:





Class
                of Securities
            
            Shares
                OutstandingCommon
                Stock, $0.001 par value
            
            100,000,000





**TABLE
      OF CONTENTS**





**PART
                I****FINANCIAL
                INFORMATION**ITEM
                1.
            FINANCIAL
                STATEMENTS
            1ITEM
                2.
            MANAGEMENT’S
                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                OPERATIONS
            14ITEM
                3.
            QUANTITATIVE
                AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
            18ITEM
                4.
            CONTROLS
                AND PROCEDURES
            18**PART
                II****OTHER
                INFORMATION**ITEM
                1.
            LEGAL
                PROCEEDINGS
            19ITEM
                2.
            UNREGISTERED
                SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
            19ITEM
                3.
            DEFAULTS
                UPON SENIOR SECURITIES
            20ITEM
                4.
            SUBMISSION
                OF MATTERS TO A VOTE OF SECURITY HOLDERS
            20ITEM
                5.
            OTHER
                INFORMATION
            20ITEM
                6.
            EXHIBITS
            20





**PART
      I** ****





**FINANCIAL
      INFORMATION**




**ITEM
      1.**  **FINANCIAL
      STATEMENTS.** ****





**TRAVEL
      HUNT HOLDINGS, INC.**





**UNAUDITED
      FINANCIAL STATEMENTS**





**THREE
      MONTHS ENDED MARCH 31, 2008 AND 2007**





**TABLE
      OF CONTENTS**





**Page**Condensed
                Consolidated Balance Sheets
            
            2Condensed
                Consolidated Statements of Operations and Comprehensive
                Loss
            
            3Condensed
                Consolidated Statements of Cash Flows
            
            4Condensed
                Consolidated Statement of Changes in Stockholders’ Equity
            
            5Notes
                to Consolidated Financial Statements
            
            6-13


1


**Travel
      Hunt Holdings, Inc.**


**Condensed
      Consolidated Balance Sheets**


**(Unaudited)**




(Unaudited)
              
              AuditedMarch
                  31,
              
              December
                  312008
              
              2007**Assets**Plant
                    and equipment in service
              
              
              9,195,483
              
              $
              8,970,843Construction
                  work in progress
              
              
              3,365,190
              
              
              3,057,90312,560,673
              
              
              12,028,746Less
                  - Allowance for depreciation
              
              
              362,457
              
              
              322,16712,198,216
              
              
              11,706,579**Current
                  assets**Cash
                  and Bank Deposits
              
              
              1,992,689
              
              
              2,311,028Accounts
                  Receivable
              
              
              533,041
              
              
              869,459Inventories
              
              
              160,111
              
              
              373,490Deposit
                  & Other receivable
              
              
              448,968
              
              
              448,186**Total
                  current assets**
              
              
              3,134,809
              
              
              4,002,163Intangible
                  assets, net
              
              
              2,083,822
              
              
              2,033,152**Total
                  assets**
              
              
              17,416,847
              
              
              17,741,894**Liabilities
                  and stockholders' equity****Current
                  liabilities**Accounts
                  Payable
              
              
              1,023,298
              
              
              1,266,968Accruals
                  & Other payable-Related
              
              
              2,118,263
              
              
              148,010Accruals
                  & Other payable - Third Party
              
              
              212,868
              
              
              2,389,047Business
                  tax payable
              
              
              1,275,846
              
              
              1,242,024Short-term
                  loan
              
              
              -
              
              
              -**Total
                  current liabilities**
              
              
              4,630,275
              
              
              5,046,049**Commitments
                  and Contingencies****Minority
                  Interest**
              
              
              99,246
              
              
              97,875**Stockholders'
                  equity**Common
                  stock, 100,000,000 shares authorized and issued,par
                  value $.001
              
              
              100,000
              
              
              100,000Additional
                  paid in capital
              
              
              5,767,499
              
              
              5,619,219Earned
                  Sunplus
              
              
              1,952,374
              
              
              1,903,034Retained
                  earnings
              
              
              4,549,309
              
              
              4,786,707Other
                  Comprehensive Income
              
              
              318,144
              
              
              189,010**Total
                  stockholders' equity**
              
              
              12,687,326
              
              
              12,597,970**Total
                  liabilities and stockholders' equity**
              
              $
              17,416,847
              
              
              17,741,894




**The
      accompanying notes are an integral part of these consolidated financial
      statements**


2


**Travel
      Hunt Holdings, Inc.**


**Condensed
      Consolidated Statements of Operations and Comprehensive Loss**


**(Unaudited)**





(Unaudited)For the three months periods endedMarch
                31,2008
            
            2007Revenue
            
            $
            101,755
            
            $
            18,473Cost
                of revenue
            
            
            (75,937
            )
            
            (14,671
            )Operating
                margin
            
            
            25,818
            
            
            3,802ExpensesSelling,
                general and administrative
            
            
            (264,257
            )
            
            (205,191
            )Income
                from operations
            
            
            (238,439
            )
            
            (201,389
            )Other
                income/(loss), net
            
            
            (124
            )
            
            (1,271
            )Total
                other expenses
            
            
            (124
            )
            
            (1,271
            )Loss
                before taxation
            
            
            (238,563
            )
            
            (202,660
            )Income
                tax
            
            
            —
            
            
            —(238,563
            )
            
            (202,660
            )Minority
                interest
            
            
            1,166
            
            
            2,277Net
                loss
            
            $
            (237,397
            )
            $
            (200,383
            )Income
                per average share outstanding
            
            $
            (0.00
            )
            $
            (0.00
            )Average
                shares outstanding during the period
            
            
            100,000,000
            
            
            100,000,000





**The
      accompanying notes are an integral part of these consolidated financial
      statements**


3


**Travel
      Hunt Holdings, Inc.**


**Condensed
      Consolidated Statements of Cash Flows**


**(Unaudited)**





(Unaudited)For the three months periods endedMarch
                31,2008
            
            2007**Cash
                flows from operating activities**Net
                profit
            
            $
            (237,397
            )
            $
            (200,383
            )Adjustments
                to reconcile net income/(loss) to net cash used inoperating
                activities:Depreciation
            
            
            40,290
            
            
            44,954Amorization
            
            
            2,044
            
            
            2,075Minority
                interest
            
            
            (1,166
            )
            
            (2,277
            )Changes
                in assets and liabilities:Accounts
                receivables
            
            
            358,960
            
            
            114,091Inventory
            
            
            223,063
            
            
            369,745Deposits
                and other receivables - Third Party
            
            
            12,201
            
            
            (740,788
            )Accounts
                payables
            
            
            (276,517
            )
            
            38,631Accrued
                liabilities and other payables-Third Party
            
            
            (332,724
            )
            
            232,759Business
                taxes & government suncharge
            
            
            1,620
            
            
            (57,355
            )**Net
                cash (used in) operating activities**
            
            
            (209,626
            )
            
            (198,548
            )**Cash
                flow from investing activities**Acquisition
                of assets
            
            
            (407
            )
            
            (13,690
            )**Acquisition
                of subsidiary**
            
            
            
            
            
            217,628Acquisition
                of work in progress
            
            
            (228,005
            )
            
            -**Net
                cash (used in)/provided by investing activities**
            
            
            (228,412
            )
            
            203,938**Cash
                flow from financing activities**Cash
                advanced from directors
            
            
            59,656
            
            
            (5,123
            )**Net
                cash provided by/(used in) financing activities**
            
            
            59,656
            
            
            (5,123
            )Cummlative
                Translation Adjustment
            
            
            60,043
            
            
            35,029**Cash
                and cash equivalents:****Net
                (decrease) increase**
            
            
            (318,339
            )
            
            35,296**Balance
                at beginning of period**
            
            
            2,311,028
            
            
            316,575**Balance
                at end of period**
            
            
            1,992,689
            
            
            351,871**Supplemental
                cash flow information:**Cash
                paid for income taxes
            
            
            -
            
            
            -Cash
                paid for interest
            
            $
            -
            
            
            -





**The
      accompanying notes are an integral part of these consolidated financial
      statements**


4





**Travel
      Hunt Holdings, Inc.**


**Condensed
      Consolidated Statements of Changes in Stockholders’ Equity**


**For
      Three Months Ended March 31, 2008 (Unaudited) and Year Ended December 31,
      2007**


STATUTORYNUMBER
              
              
              
              ADDITIONAL
              
              SURPLUS
              
              
              
              CUMULATIVE
              
              TOTALOF
              
              PAID-IN
                  REGISERED
              
              PAID-IN
              
              RESERVE
              
              RETAINED
              
              TRANSLATON
              
              STOCKHOLDERS'SHARES
              
              CAPITAL
              
              CAPITAL
              
              FUND
              
              EARNINGS
              
              ADJUSTMENT
              
              EQUITYUS$
              
              US$
              
              US$
              
              US$
              
              US$
              
              US$Balance,
                  December 31, 2005
              
              
              100
              
              
              100
              
              
              5,355,882
              
              
              233,524
              
              
              1,569,100
              
              
              -
              
              
              7,158,606Recapitalization
                  upon reverse merger
              
              
              99,999,900
              
              
              99,900
              
              
              (99,900
              )Transfer
              
              
              -
              
              
              -
              
              
              -
              
              
              659,869
              
              
              (659,869
              )
              
              -
              
              
              -Net
                  income
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              1,934,450
              
              
              -
              
              
              1,934,450Cumulative
                  translation adjustment
              
              
              -
              
              
              -
              
              
              16,035
              
              
              (36,366
              )
              
              -
              
              
              5,339
              
              
              (14,992
              )Balance,
                  December 31, 2006
              
              
              100,000,000
              
              
              100,000
              
              
              5,272,017
              
              
              857,027
              
              
              2,843,681
              
              
              5,339
              
              
              9,078,064Transfer
              
              
              -
              
              
              -
              
              
              -
              
              
              889,863
              
              
              (889,863
              )
              
              -
              
              
              -Net
                  income
              
              
              -
              
              
              -
              
              
              -
              
              
              -
              
              
              2,832,889
              
              
              -
              
              
              2,832,889Cumulative
                  translation adjustment
              
              
              -
              
              
              -
              
              
              347,202
              
              
              156,144
              
              
              -
              
              
              183,671
              
              
              687,017Balance,
                  December 31, 2007
              
              
              100,000,000
              
              
              100,000
              
              
              5,619,219
              
              
              1,903,034
              
              
              4,786,707
              
              
              189,010
              
              
              12,597,970Net
                  loss for the three months ended March 31, 2008
              
              
              
              
              
              
              
              
              
              
              
              
              
              
              (237,397
              )
              
              
              
              
              (237,397
              )Transfer
              
              
              
              
              
              
              
              
              
              
              
              49,340
              
              
              
              
              
              
              
              
              49,340Cumulative
                  translation adjustment
              
              
              
              
              
              
              
              
              148,280
              
              
              
              
              
              
              
              
              129,134
              
              
              277,414Balance,
                  March 31, 2008
              
              
              100,000,000
              
              
              100,000
              
              
              5,767,499
              
              
              1,952,374
              
              
              4,549,309
              
              
              318,144
              
              
              12,687,326





**The
      accompanying notes are an integral part of these consolidated financial
      statements**


5





**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





**1.
      The Company**




Travel
      Hunt Holdings, Inc. was incorporated under the laws of the State of Florida
      on
      December 17, 1999. On July 15, 2003, Travel Hunt Holdings, Inc. acquired all
      the
      outstanding shares of Travel Hunt, Inc., an inactive Florida corporation with
      no
      assets or liabilities for 700,000 common shares of Travel Hunt Holdings, Inc.
      The transaction was accounted for as a combination of entities under common
      control and accordingly we recorded the merger at historical cost. Accordingly,
      all shares and per share amounts have been retroactively restated. From and
      after April 26, 2007, the Company ceased its prior business operations and
      began
      exploring potential targets for a business combination through a purchase of
      assets, share purchase or exchange, merger or similar type of transaction.




On
      August
      29, 2007, our Board of Directors approved a 1 for 10 reverse stock split in
      connection with the reincorporation of the Company from Florida to Delaware.
      This reincorporation and reverse stock split was effected on October 11, 2007.




The
      reincorporation merger agreement provided for the merger of the Company with
      and
      into Travel Hunt Holdings, Inc., a Delaware corporation (referred to for
      purposes of this section as TVLH-Delaware), and resulted in:




·
a
      change of domicile of the Company from the State of Florida to the State of
      Delaware;




·
the
      right of the Company's shareholders to receive one (1) share of common stock,
      par value $0.001 per share, of TVLH-Delaware for each ten (10) shares of the
      Company's common stock, par value $0.001 per share, owned as of the effective
      time of the reincorporation merger;




·
the
      persons presently serving as the Company's executive officers and directors
      serving in their same respective positions with TVLH-Delaware;




·
the
      adoption of a new Certificate of Incorporation under the laws of Delaware
      pursuant to which the Company's authorized capital stock remained 110,000,000
      shares of authorized capital stock, consisting of 100,000,000 shares of common
      stock, par value $0.001 per share, and 10,000,000 shares of "blank check"
      preferred stock, par value $0.001 per share, with the right conferred upon
      the
      Board of Directors to set the dividend, voting, conversion, liquidation and
      other rights, as well as the qualifications, limitations and restrictions,
      with
      respect to the preferred stock as the Board of Directors may determine from
      time
      to time; and the adoption of new Bylaws under the laws of the State of Delaware.




We
      own
      all of the issued and outstanding capital stock of Willsky Development, a
      British Virgin Islands company, which in turn owns 99% of the outstanding
      capital stock of SingOcean. The remaining 1% of SingOcean is owned by Tianjin
      Nanyang Mechanical and Electrical Equipments Installment Project Co. SingOcean
      owns 100% of each of Acheng SingOcean and Dashiqiao SingOcean, and 99% of
      Hunchun SingOcean. The remaining 1% of Hunchun SingOcean is owned by an
      individual. Aching SingOcean and Dashiqiao SingOcean are divisions of SingOcean
      and not separate entities. These divisions are principally responsible for
      the
      construction and operation of the natural gas distribution networks in the
      cities of Acheng and Dashiqiao, respectively. Hunchun SingOcean is an equity
      joint venture and is principally responsible for the construction and operation
      of the natural gas distribution networks in the City of Hunchun.


6
  **Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**




The
      following chart reflects our organizational
      structure as of the date of this report.





TRAVEL HUNT HOLDINGS, INC.




We
      are a
      vertically integrated natural gas company engaged in the development of natural
      gas distribution networks, the distribution of natural gas to residential and
      industrial customers in small and medium sized cities in China and the
      exploration and recovery of natural gas reserves.





We
      currently own the exclusive rights to develop distribution networks to provide
      natural gas to industrial, commercial and domestic consumers in the cities
      of
      Dashiqiao, Acheng and Hunchun. Currently, these distribution networks provide
      natural gas to an aggregate of approximately 45,000 consumers in these cities,
      and we anticipate that we will be able to extend these distribution networks
      to
      serve approximately 160,000 consumers by 2010.





We
      also
      own the exclusive rights to develop a coal bed methane, or CBM, reserve near
      Hunchun, which contains approximately 3.3 billion cubic meters of CBM. We have
      successfully completed construction of an exploratory well and have begun
      preparations to construct two wells to provide natural gas to the City of
      Hunchun. We anticipate that two additional wells will be drilled in the near
      future to supply natural gas to as many as eight additional nearby
      cities.





**2.
      Summary of Significant Accounting Policies**





**(a)
      Basis of Presentation**


The
      financial statements are prepared in accordance with the accounting principles
      generally accepted in the United States of America (“US GAAP”).





**(b)
      Use of Estimates**


In
      preparing consolidated financial statements in conformity with US GAAP,
      management is required to make estimates and assumptions that affect the
      reported amounts of assets and liabilities and the disclosure of contingent
      assets and liabilities at the date of the financial statements and revenues
      and
      expenses during the reported periods. Significant estimates include
      depreciation. Actual results could differ from those estimates.





**(c)**  **Principles
      of consolidation**


The
      consolidated financial statements include the accounts of the Company and all
      of
      its subsidiaries. All significant intercompany transactions and accounts have
      been eliminated in consolidation. Certain prior year amounts have been
      reclassified to conform with current year classifications.





7


**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





**(d)
      Cash and Cash Equivalents**


The
      Company considers all highly liquid investments with original maturities of
      three months or less at the time of purchase to be cash equivalents. As of
      March
      31, 2008 and 2007, the Group did not have any cash equivalents.





**(e)
      Plant and Equipment**


Plant
      and
      equipment is stated at cost. Depreciation is provided principally by use of
      the
      straight-line method over the useful lives of the related assets, except for
      leasehold properties, which are depreciated over the terms of their related
      leases or their estimated useful lives, whichever is less. Expenditures for
      maintenance and repairs, which do not improve or extend the expected useful
      life
      of the assets, are expensed to operations while major repairs are
      capitalized.





The
      estimated useful lives are as follows:





Leasehold
                improvements
            3
                yearsComputer
                equipment
            3
                yearsFurniture
                & fixture
            5
                yearsOffice
                equipment
            5
                yearsExploration
                equipment
            5
                yearsMotor
                vehicle
            5
                yearsGas
                transportation vehicle
            5
                yearsGas
                station
            40
                years and 50 yearsUnderground
                gas pipeline
            40
                years and 50 years





The
      gain
      or loss on disposal of property, plant and equipment is the difference between
      the net sales proceeds and the carrying amount of the relevant assets, and,
      if
      any, is recognized in the statement of operations.





**(f)**  **Intangible
      Assets**


Intangible
      assets consist of gas well exploration right in Hunchun and land use right
      in
      both Daishiquiao City and Acheng City. The gas well exploration right is
      amortized using the straight-line method over their estimated useful life of
      50
      years.





According
      to Chinese rules, land belongs to the nation. Land use right refers to the
      purchase of the legal right to use land from the government. The term of the
      land use right is 50 years. The land use right is amortized using the
      straight-line method over their estimated useful life 50 years.





**(g)**  **Inventories**


Inventories
      consist of IC card, gas meter, PE valves and natural gas and are valued at
      the
      lower of cost or market value using weighted average cost method of accounting.





**(h)**  **Goodwill**


Goodwill
      represents the excess of the purchase price over the fair value of the net
      tangible and identifiable intangible assets acquired in a business combination,
      In accordance with Statement of Financial Accounting Standards No. 142 or SFAS
      No. 142, “Goodwill” and Other Intangible Assets”, goodwill is no longer subject
      to amortization. Rather, goodwill is subject to at least an annual assessment
      for impairment, applying a fair-value based test fair value is generally
      determined using a discounted cash flow analysis.





**(i)
      Impairment of Assets**


In
      accordance with Statement of Financial Accounting Standards (“SFAS”) No. 144,
      "Accounting for Impairment or Disposal of Long-Lived Assets", the Company
      evaluates its long-lived assets to determine whether later events and
      circumstances warrant revised estimates of useful lives or a reduction in
      carrying value due to impairment. If indicators of impairment exist and if
      the
      value of the assets is impaired, an impairment loss would be recognized. As
      of
      March 31, 2008 and 2007, no impairment loss has been
      recognized.


8


**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





**(j)
      Income Taxes**


The
      Group
      accounts for income taxes under SFAS No. 109, "Accounting for Income Taxes".
      Under SFAS No. 109, deferred tax assets and liabilities are recognized for
      the
      future tax consequences attributable to differences between the financial
      statement carrying amounts of existing assets and liabilities and their
      respective tax bases. Deferred tax assets and liabilities are measured using
      enacted tax rates expected to apply to taxable income in the years in which
      those temporary differences are expected to be recovered or settled. Under
      SFAS
      No. 109, the effect on deferred tax assets and liabilities of a change in tax
      rates is recognized in income in the period that includes the enactment
      date.





**(k)
      Revenue Recognition**


Natural
      gas revenues are recorded based on the amount of product delivered to customers
      through its pipeline and checked by its gas meter.





Construction
      revenues are recognized upon the completion of the installation of gas pipeline
      jobs by the contractor, the installation is checked and accepted by the
      Company’s technical staff and accepted by the customer.





**(l)
      Foreign Currency Transactions**


The
      Group
      functional currency is Renminbi (“RMB”) and its reporting currency is U.S.
      dollars. The Company’s consolidated balance sheet accounts are translated into
      U.S. dollars at the year-end exchange rates and all revenue and expenses are
      translated into U.S. dollars at the average exchange rates prevailing during
      the
      periods in which these items arise. Translation gains and losses are deferred
      and accumulated as a component of other comprehensive income in stockholders’
equity. Transaction gains and losses that arise from exchange rate fluctuations
      from transactions denominated in a currency other than the functional currency
      are included in the statement of operations as incurred. The translation and
      transaction gains and losses were immaterial for the years ended March 31,
      2008
      and 2007.





The
      PRC
      government imposes significant exchange restrictions on fund transfers out
      of
      the PRC that are not related to business operations. These restrictions have
      not
      had a material impact on the Company because it has not engaged in any
      significant transactions that are subject to the restrictions.





**(m)
      Fair Value of Financial Instruments**


SFAS
      No.
      107, “Disclosures about Fair Values of Financial Instruments”, requires
      disclosing fair value to the extent practicable for financial instruments that
      are recognized or unrecognized in the balance sheet. The fair value of the
      financial instruments disclosed herein is not necessarily representative of
      the
      amount that could be realized or settled, nor does the fair value amount
      consider the tax consequences of realization or settlement.





For
      certain financial instruments, including cash, accounts and other receivables,
      accounts payable, accruals and other payables, it was assumed that the carrying
      amounts approximate fair value because of the near term maturities of such
      obligations. The carrying amounts of long-term loans approximate fair value
      as
      the interest on these loans is minimal.





**(n)
      Earnings Per Share**


Basic
      earnings per share is computed by dividing the earnings for the year by the
      weighted average number of common shares outstanding for the period. Diluted
      earnings per share reflects the potential dilution of securities by including
      other potential common stock, including stock options and warrants, in the
      weighted average number of common shares outstanding for a period, if
      dilutive.





**(o)
      Accumulated Other Comprehensive Income**


Accumulated
      other comprehensive income represents the change in equity of the Group during
      the periods presented from foreign currency translation
      adjustments.


9


**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





**(p)**  **Profit
      Appropriation**


In
      accordance with PRC regulations, the Company is required to make appropriations
      to the statutory surplus reserve, based on after-tax net income determined
      in
      accordance with PRC GAAP. Appropriation to the statutory surplus reserve should
      be at least 10% of the after-tax net income determined in accordance with the
      PRC GAAP until the reserve is equal to 50% of the entity’s registered capital.
      Statutory surplus reserve is non-distributable other than in liquidation.





**(q)
      Stock-Based Compensation**


In
      March
      2004, the FASB issued a proposed statement, Share-Based Payment, which addresses
      the accounting for share-based payment transactions in which an enterprise
      receives employee services in exchange for equity instruments of the enterprise
      or liabilities that are based on the grant-date fair value of the enterprise's
      equity instruments or that may be settled by the issuance of such equity
      instruments. The proposed statement would eliminate the ability to account
      for
      share-based compensation transactions using Accounting Principles Board ("APB")
      Opinion No. 25, Accounting for Stock Issued to Employees, and generally would
      require instead that such transactions be accounted for using a fair-value-based
      method. In December 2004, the FASB issued SFAS No. 123(R), Share-Based Payment,
      which is a revision of SFAS No. 123. Generally, the approach in SFAS No. 123(R)
      is similar to the approach described in SFAS No. 123. However, SFAS No. 123(R)
      requires all share-based payments to employees, including grants of employee
      stock options, to be recognized in the income statement based on their
      grant-date fair values. Pro forma disclosure is no longer an alternative.





As
      permitted by SFAS No. 123, for 2005, the Company accounted for share-based
      payments to employees using APB Opinion No. 25's intrinsic value method and,
      as
      such, generally recognized no compensation cost for employee stock options.





Effective
      January 1, 2006, we have adopted SFAS No. 123(R)'s fair value method of
      accounting for share based payments. Accordingly, the adoption of SFAS No.
      123(R)'s fair value method may have a significant impact on the Company's
      results of operations as we are required to recognize the cost of employee
      services received in exchange for awards of equity instruments based on the
      grant-date fair value of those awards. SFAS No. 123(R) permits public companies
      to adopt its requirements using either the "modified prospective" method or
      the
      "modified retrospective" method.





The
      Company adopted SFAS No. 123(R) using the modified prospective method. In April
      2005, the SEC delayed the effective date of SFAS No. 123(R), which is now
      effective for public companies for annual, rather than interim periods that
      begin after June 15, 2005. The impact of the adoption of SFAS No. 123(R) cannot
      be predicted at this time because it will depend on levels of share-based
      payments granted in the future.





**(r)
      Seasonality**




Our
      pipeline distribution networks are primarily located in northeastern China,
      which is extremely cold during the winter months. During such time, we are
      unable to construct primary gas pipelines. However, if a primary pipeline is
      already in place, we are able to connect new customers to our distribution
      network during the winter months.





Additionally,
      gas consumption by residential customers is higher in the winter months for
      heating purposes, and we see a corresponding increase in usage fees during
      that
      time.





**(s)
      New Accounting Pronouncements**





In
      February 2007, the FASB issued SFAS No. 159, “The Fair Value Option for
      Financial Assets and Financial Liabilities” and is effective for fiscal years
      beginning after November 15, 2007. This Statement permits entities to choose
      to
      measure many financial instruments and certain other items at fair value. The
      objective is to improve financial reporting by providing entities with the
      opportunity to mitigate volatility in reported earnings caused by measuring
      related assets and liabilities differently without having to apply complex
      hedge
      accounting provisions. The Company is currently assessing the impact the
      adoption of this pronouncement will have on the financial
      statements.


10


**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





In
      December 2007, the FASB issued SFAS No. 160 “Noncontrolling Interests in
      Consolidated Financial Statements-an amendment of ARB No. 51” and is effective
      for fiscal years beginning after December 5, 2008. This Statement establishes
      accounting and reporting standards for the noncontrolling interest in a
      subsidiary and for the deconsolidation of a subsidiary. The Company is currently
      assessing the impact the adoption of this pronouncement will have on the
      Company’s financial statements.





In
      December 2007, the FASB issued SFAS No. 141 (Revised) “Business Combinations”.
      SFAS 141 (Revised) is effective for fiscal years beginning after December 13,
      2008. This Statement establishes principles and requirements for how the
      acquirer of a business recognizes and measures in its financial statements
      the
      identifiable assets acquired, the liabilities assumed, and any noncontrolling
      interest in the acquiree. The Statement also provides guidance for recognizing
      and measuring the goodwill acquired in the business combination and determines
      what information to disclose to enable users of the financial statements to
      evaluate the nature and financial effects of the business combination. The
      Company is currently assessing the impact the adoption of this pronouncement
      will have on the Company’s financial statements.





In
      February 2008, the Financial Accounting Standards Board (“FASB”) issued FASB
      Staff Position (“FSP”) No. FAS 157-2, “Effective Date of FASB Statement No. 157”
(“FSP FAS 157-2”), which delays the effective date of Statement of Financial
      Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements” (“SFAS 157”)
      for all non-financial assets and non-financial liabilities, except those that
      are recognized or disclosed at fair value in the financial statements on a
      recurring basis (at least annually) for fiscal years beginning after November
      15, 2008, and interim periods within those fiscal years for items within the
      scope of this FSP. We are currently evaluating the impact of adopting FSP FAS
      157-2 for non-financial assets and non-financial liabilities on our financial
      position, cash flows, and results of operations. We have considered all other
      recently issued accounting pronouncements and do not believe the adoption of
      such pronouncements will have a material impact on our consolidated financial
      statements.





**3.
      Reverse Merger**




On
      March
      28, 2008, we completed a reverse acquisition transaction with Willsky
      Development whereby we issued to the shareholders of Willsky Development
      94,908,650 shares of our common stock in exchange for all of the issued and
      outstanding capital stock of Willsky Development. Willsky Development thereby
      became our wholly owned subsidiary and the former shareholders of Willsky
      Development became our controlling stockholders.




For
      accounting purposes, the share exchange transaction was treated as a reverse
      acquisition with Willsky Development as the acquirer and Travel Hunt Holdings,
      Inc. as the acquired party. When we refer in this report to business and
      financial information for periods prior to the consummation of the reverse
      acquisition, we are referring to the business and financial information of
      Willsky Development on a consolidated basis unless the context suggests
      otherwise.




In
      connection with consummation of the transactions contemplated by the Share
      Exchange Agreement, we issued Warrants for the purchase of a number of
      shares of our common stock equal to an aggregate of two percent (2%) of our
      issued and outstanding common stock as of immediately after the closing of
      our
      next private placement transaction in which we receive gross proceeds of at
      least $8,000,000 million. If no such private placement transaction has been
      consummated on or before September 30, 2008, then the Warrants shall become
      exercisable for an aggregate total of 3,500,000 shares of our common stock.
      The
      term of the Warrants is 5 years and each has an exercise price equal to 150%
      of
      the purchase price per share paid by the investors in such private placement
      transaction, provided that (i) if securities other than the shares of common
      stock are issued in such private placement transaction, then the exercise price
      shall be 150% of the price attributable to a share of common stock at the
      valuation attributable to us in the transaction on “post-money” basis, and (ii)
      if such private placement transaction is not consummated on or before September
      30, 2008, then the exercise price per share of Common Stock shall be 150% of
      the
      price attributable to a share of our common stock at a valuation attributable
      to
      us of $15,000,000."


11


**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





**4.
      Retirement and Welfare Benefits**





The
      Group
      has no retirement plans or post-employment benefit for its
      employees.





**5.
      Concentrations and Credit Risk**





The
      Group
      operates principally in the PRC and grants credit to its customers in this
      geographic region. Although the PRC is economically stable, it is always
      possible that unanticipated events in foreign countries could disrupt the
      Company’s operations.





Financial
      instruments that potentially subject the Group to a concentration of credit
      risk
      consist of cash and accounts receivable.




The
      Company does not require collateral to support financial instruments that are
      subject to credit risk.





**6.
      Commitments and Contingencies**





The
      Company is obligated to provide uninterrupted piped gas to connected users
      and
      to ensure the safety in the process of piped gas operation. The volume of gas
      to
      be supplied by the Company will grow with the increase of gas users. The Company
      has selected three qualified gas resource suppliers to ensure the stable
      operation to meet its’ obligation.





From
      time
      to time, the Company may become involved in various lawsuits and legal
      proceedings which arise in the ordinary course of business. The Company is
      currently not aware of any such legal proceedings or claims that we expect
      will
      have a material adverse affect on our business, financial condition or operating
      results.





However,
      litigation is subject to inherent uncertainities, and an adverse result in
      these
      or other matters may arise from time to time that may harm our
      business.





**7.
      Operational Rights and Right to Supply and Operate Gas
      Pipeline**





The
      Company has signed the “Investment Agreement of Piped Gas Project Construction
      in Dashiqiao” which states that the Company is in charge of operations and
      management of the piped gas project in Dashiqiao. On June 16, 2005, the
      Dashiqiao City Construction Bureau gave the Company a certificate which
      confirmed that the Company has exclusive operational rights for thirty years
      in
      Dashiqiaocity.





The
      Company has signed an agreement which states that the Company has the exclusive
      right to supply natural gas and to operate the gas pipeline system in Hunchun
      for fifty years.





The
      Company has signed an “Investment Agreement of Pipes Gas Project Construction in
      Acheng” which states that the Company has the exclusive right to invest in and
      operate gas pipeline system in Acheng for thirty years.


12


**Travel
      Hunt Holdings, Inc.**


**Notes
      to the Condensed Consolidated Financial Statements**





**8.
      Environmental Matters**





The
      Company does not anticipate any material future cash requirements relating
      to
      environmental issues. If circumstances change the Company will record the
      estimated charges to return sites to their original condition.


13


**ITEM 2.**
            **MANAGEMENT’S
                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
                OPERATIONS.******





***Special
      Note Regarding Forward Looking Statements***





This
      Quarterly Report on Form 10-Q, including the following “Management’s Discussion
      and Analysis of Financial Condition and Results of Operations,” contains
      forward-looking statements that are based on the beliefs of our management,
      and
      involve risks and uncertainties, as well as assumptions, that, if they ever
      materialize or prove incorrect, could cause actual results to differ materially
      from those expressed or implied by such forward-looking statements. The words
      “believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,” “intend,”
“aim,” “will” or similar expressions are intended to identify forward-looking
      statements. All statements, other than statements of historical fact, are
      statements that could be deemed forward-looking statements, including statements
      regarding new and existing products, technologies and opportunities; statements
      regarding market and industry segment growth and demand and acceptance of new
      and existing products; any projections of sales, earnings, revenue, margins
      or
      other financial items; any statements of the plans, strategies and objectives
      of
      management for future operations; any statements regarding future economic
      conditions or performance; uncertainties related to conducting business in
      China; any statements of belief or intention; any of the factors and risks
      mentioned in the “Risk Factors” sections of our Current Report on Form 8-K filed
      with the Securities and Exchange Commission on March 31, 2008, as amended on
      April 11, 2008, and any statements of assumptions underlying any of the
      foregoing. All
      forward-looking statements included in this report are based on information
      available to us on the date of this report. We
      assume
      no obligation and do not intend to update these forward-looking statements,
      except as required by law.





***Certain
      Terms***





In
      this
      report, unless indicated otherwise, references to:




“Travel
      Hunt,” “the Company,” “we,” “us,” or “our” refer to the combined business of all
      of the entities that form our consolidated business enterprise;




“China,”
      “Chinese” and “PRC” refer to the People’s Republic of China;




“BVI”
      refer to the British Virgin Islands;




“SEC”
      refer to the United States Securities and Exchange Commission;




“Securities
      Act” refer to the Securities Act of 1933, as amended;




“Exchange
      Act” refer to the Securities Exchange Act of 1934, as amended;




“RMB”
      refer to Renminbi, the legal currency of China; and




“U.S.
      dollar,” “$” and “US$” refer to the legal currency of the United
      States.





***Acquisition
      of SingOcean***





On
      March
      28, 2008, we completed a reverse acquisition transaction with Willsky
      Development whereby we issued to the shareholders of Willsky Development
      94,908,650 shares of our common stock in exchange for all of the issued and
      outstanding capital stock of Willsky Development. Willsky Development thereby
      became our wholly owned subsidiary and the former shareholders of Willsky
      Development became our controlling stockholders. For accounting purposes, the
      share exchange transaction was treated as a reverse acquisition with Willsky
      Development as the acquirer and Travel Hunt Holdings, Inc. as the acquired
      party.





***Overview
      of Our Business***





We
      are a
      vertically integrated natural gas company engaged in the development of natural
      gas distribution networks, the distribution of natural gas to residential and
      industrial customers in small and medium sized cities in China and the
      exploration and recovery of natural gas reserves.





We
      currently own the exclusive rights to develop distribution networks to provide
      natural gas to industrial, commercial and domestic consumers in the cities
      of
      Dashiqiao, Acheng and Hunchun. Currently, these distribution networks provide
      natural gas to an aggregate of approximately 45,000 consumers in these cities,
      and we anticipate that we will be able to extend these distribution networks
      to
      serve approximately 160,000 consumers by 2010.


14





We
      also
      own the exclusive rights to develop a coal bed methane, or CBM, reserve near
      Hunchun, which contains approximately 3.3 billion cubic meters of CBM. We have
      successfully completed construction of an exploratory well and have begun
      preparations to construct two wells to provide natural gas to the City of
      Hunchun. We anticipate that two additional wells will be drilled in the near
      future to supply natural gas to as many as eight additional nearby
      cities.





***Our
      Current Organizational Structure***




We
      own
      all of the issued and outstanding capital stock of Willsky Development, a
      British Virgin Islands company, which in turn owns 99% of the outstanding
      capital stock of SingOcean. The remaining 1% of SingOcean is owned by Tianjin
      Nanyang Mechanical and Electrical Equipments Installment Project Co. SingOcean
      owns 100% of each of Acheng SingOcean and Dashiqiao SingOcean, and 99% of
      Hunchun SingOcean. The remaining 1% of Hunchun SingOcean is owned by an
      individual. Aching SingOcean and Dashiqiao SingOcean are divisions of SingOcean
      and not separate entities. These divisions are principally responsible for
      the
      construction and operation of the natural gas distribution networks in the
      cities of Acheng and Dashiqiao, respectively. Hunchun SingOcean is an equity
      joint venture and is principally responsible for the construction and operation
      of the natural gas distribution networks in the City of Hunchun.





The
      following chart reflects our organizational structure as of the date of this
      report.





TRAVEL HUNT HOLDINGS, INC.





***First
      Quarter Financial Performance Highlights***





We
      continued to experience increased demand for our products and services
      during the first fiscal quarter of 2008 and growth in our revenues and net
      income.





The
      following are some financial highlights for the first quarter of 2008:





·
            Revenues:
                Our revenues were $0.1 million for the first quarter of 2008, an
                increase
                of 451% from the same quarter of last year.




·
            Gross
                Margin: Gross margin was 25.4% for the first quarter of 2008, as
                compared
                to 20.6% for the same period in 2007.


15




·
            Operating
                Expenses: Operating expenses was $0.26 million for the first quarter
                of
                2008, an increase from $0.06 million of the same period last year.




·
            Net
                Loss: Net loss was $0.24 million for the first quarter of 2008, an
                increase of 18.5 % from the same period of last year.




·
            Fully
                diluted loss per common share was $0.00237 for the first quarter
                of 2008.





**RESULTS
      OF OPERATIONS**





***Three
      Months Ended March 31, 2008 Compared to Three Months Ended March 31,
      2007***





The
      following table summarizes the results of our operations during the three-month
      periods ended March 31, 2008 and ended March 31, 2007, and provides information
      regarding the dollar and percentage increase or (decrease) from the three-month
      period ended March 31, 2007 to the three-month period ended March 31, 2008.





All
      amounts in thousands of U.S. dollars, except percentages





**Three**
                **Months**
                **Ended**
                **March
                  31,**
                **2008**
              
              **Three**
                **Months**
                **Ended**
                **March
                  31,**
                **2007**
              
              **Percentage**
                **Change**
                **(Decrease)**Revenues
              
              
              101.76
              
              
              18.47
              
              
              450
              %Cost
                  of sales
              
              
              75.94
              
              
              14.67
              
              
              407
              %Gross
                  Profit
              
              
              25.82
              
              
              3.80
              
              
              579
              %Selling,
                  general and administrative expenses
              
              
              264.26
              
              
              205.19
              
              
              28.8
              %Operating
                  Income (Expenses)
              
              
              (238.44
              )
              
              (201.39
              )
              
              (18.4
              )%Other
                  Income and (Expenses)Minority
                  interest
              
              
              1.17
              
              
              2.28
              
              
              (48.7
              )%Other
                  income (expense)
              
              
              (0.12
              )
              
              (1.27
              )
              
              90.6
              %Income
                  (loss) before income taxes
              
              
              (238.56
              )
              
              (202.66
              )
              
              (17.7
              )%Income
                  taxes
              
              
              -
              
              
              -
              
              
              -Net
                  income (loss)
              
              
              (237.40
              )
              
              (200.38
              )
              
              (18.5
              )%





*Revenues* .
      Revenues increased $0.082 million, or 450% to $0.1 million for the three months
      ended March 31, 2008 from $0.018 million for the same period in 2007. Our
      revenues are primarily derived from sales of natural gas. This increase was
      mainly attributable to an increase in our customer base.





*Cost
      of Goods Sold* Our
      cost
      of goods sold increased $61,266, or 407%, to $75,937 for the three months ended
      March 31, 2008 from $14,671 during the same period in 2007. This increase was
      mainly due to an
      increase in our customer base .
      As a
      percentage of revenues, the cost of goods sold decreased to 74.6% during the
      three moths ended March 31, 2008 from 79.4% in the same period in 2007, which
      was mainly attributable to the change in our gas purchasing price.


16





*Gross
      Profit* Our
      gross profit increased $22,016, or 579%, to $25,818 for the three months ended
      March 31, 2008 from $3,802 during the same period in 2007. Gross profit as
      a
      percentage of revenues was 25.4% for the three months ended March 31, 2008,
      an
      increase of 4.8% from 20.6% during the same period in 2007. Such percentage
      increase was mainly due to the change in our gas purchasing price.





*Selling
      Expenses.* Selling
      expenses, including sales representative commissions, promotion fees,
      salesperson salaries and expenses, depreciation charges and other fees decreased
      $4,489, or 9.5%, to $42,758 for the three months ended March 31, 2008 from
      $47,2471 during the same period in 2007. As a percentage of revenues, selling
      expenses decreased to 42% for the three months ended March 31, 2008 from 258%
      for the same period in 2007. Such dollar decrease of selling expenses was mainly
      attributable to the elimination of certain unnecessary fees.





*Administrative
      Expenses* Our
      administrative expenses were $221,499 (218% of total sales) and $157,944 (855%
      of total sales) for the three months ended March 31, 2008 and 2007,
      respectively. This percentage decrease is a result of a reduction in personnel.





*Income
      Taxes* . Our
      subsidiaries SingOcean, Acheng SingOcean, Hunchun SingOcean and Dashiquio
      SingOcean are subject to enterprise income tax, or EIT, at a rate of 33.0%
      of
      assessable profits, sales tax at a rate of 3% on connection revenue and sales
      tax at a rate of 4% on gas sales revenue.





*Net
      Income.* Net
      income decreased $37,014, or 18.5% to $-237,397 for the three months ended
      March
      31, 2008 from $-200,383 for the same period of 2007, as a result of the factors
      described above.





***Liquidity
      and Capital Resources*** ****





General





As
      of
      March 31, 2008, we had cash and cash equivalents (excluding restricted cash)
      of
      approximately $1.99 million and restricted cash of approximately $0. The
      following table provides detailed information about our net cash flow for all
      financial statement periods presented in this report.




**Cash
      Flow**


(all
      amounts in thousands of U.S. dollars)





**Three Months Ended March 31,****2008**
            
            **2007**Net
                cash provided by (used in) operating activities
            
            
            (0.21
            )
            
            (0.2
            )Net
                cash provided by (used in) investing activities
            
            
            (0.23
            )
            
            0.2Net
                cash provided by (used in) financing activities
            
            
            0.06
            
            
            (0.005
            )Net
                cash flow
            
            
            (0.32
            )
            
            0.035





Operating
      Activities





Net
      cash
      used in operating activities was approximately $0.21 million for the three-month
      period ended March 31, 2008, which is an increase of approximately $0.01 million
      from approximately $0.2 million net cash used in operating activities for the
      same period of 2007. The increase of the cash used in operating activities
      was
      mainly attributable to and increase of accounts payables.


17





Investing
      Activities





Our
      main
      uses of cash for investing activities are for constructing gas pipelines and
      distribution stations.





Net
      cash
      used in investing activities for the three-month period ended March 31, 2008
      was
      approximately $0.23 million, which is an decrease of approximately $0.43 million
      from net cash used in investing activities of approximately $0.2 million for
      the
      same period of 2007 due to cash used in pipelines investment in
      2008.





Financing
      Activities





Net
      cash
      provided by financing activities for the three-month period ended March 31,
      2008
      was approximately $0.06 million, which is an increase of approximately $0.065
      million from approximately $0.005 million net cash used in financing activities
      during the same period of 2007. The increase of the cash provided by financing
      activities was mainly attributable to an increase in cash paid to directors
      in
      the first quarter in 2008.





As
      of
      March 31, 2008, there was no bank loan outstanding.




***Inflation*** ****





Our
      results of operations have not been affected by inflation and management does
      not expect that inflation risk would cause material impact on its operations
      in
      the future.





***Seasonality***





Our
      pipeline distribution networks are primarily located in northeastern China,
      which is extremely cold during the winter months. During such time, we are
      unable to construct primary gas pipelines. However, if a primary pipeline is
      already in place, we are able to connect new customers to our distribution
      network during the winter months.





Additionally,
      gas consumption by residential customers is higher in the winter months for
      heating purposes, and we see a corresponding increase in usage fees during
      that
      time.





***Critical
      Accounting Policies***


The
        preparation of financial statements in conformity with accounting principles
        generally accepted in the United States requires our management to make
        assumptions, estimates and judgments that affect the amounts reported in
        the
        financial statements, including the notes thereto, and related disclosures
        of
        commitments and contingencies, if any. We consider our critical accounting
        policies to be those that require the more significant judgments and estimates
        in the preparation of financial statements, including the
        following:
 
 Plant
        and
        Equipment
 Plant
        and
        equipment is stated at cost. Depreciation is provided principally by use
        of the
        straight-line method over the useful lives of the related assets, except
        for
        leasehold properties, which are depreciated over the terms of their related
        leases or their estimated useful lives, whichever is less. Expenditures for
        maintenance and repairs, which do not improve or extend the expected useful
        life
        of the assets, are expensed to operations while major repairs are
        capitalized.
 
 The
        estimated useful lives are as follows:
 
 Leasehold
                  improvements
              3
                  yearsComputer
                  equipment
              3
                  yearsFurniture
                  & fixture
              5
                  yearsOffice
                  equipment
              5
                  yearsExploration
                  equipment
              5
                  yearsMotor
                  vehicle
              5
                  yearsGas
                  transportation vehicle
              5
                  yearsGas
                  station
              40
                  years and 50 yearsUnderground
                  gas pipeline
              40
                  years and 50 years
 The
        gain
        or loss on disposal of property, plant and equipment is the difference between
        the net sales proceeds and the carrying amount of the relevant assets, and,
        if
        any, is recognized in the statement of operations.
 
 Intangible
        Assets
 Intangible
        assets consist of gas well exploration right in Hunchun and land use right
        in
        both Daishiquiao City and Acheng City. The gas well exploration right is
        amortized using the straight-line method over their estimated useful life
        of 50
        years.
 
 According
        to Chinese rules, land belongs to the nation. Land use right refers to the
        purchase of the legal right to use land from the government. The term of
        the
        land use right is 50 years. The land use right is amortized using the
        straight-line method over their estimated useful life 50 years.
 
 Inventories
 Inventories
        consist of IC card, gas meter, PE valves and natural gas and are valued at
        the
        lower of cost or market value using weighted average cost method of accounting.
 
 Impairment
        of Assets
 In
        accordance with Statement of Financial Accounting Standards (“SFAS”) No. 144,
        "Accounting for Impairment or Disposal of Long-Lived Assets", the Company
        evaluates its long-lived assets to determine whether later events and
        circumstances warrant revised estimates of useful lives or a reduction in
        carrying value due to impairment. If indicators of impairment exist and if
        the
        value of the assets is impaired, an impairment loss would be recognized.
        As of
        March 31, 2008 and 2007, no impairment loss has been recognized.
 
 Revenue
        Recognition
 Natural
        gas revenues are recorded based on the amount of product delivered to customers
        through its pipeline and checked by its gas meter.
 
 Construction
        revenues are recognized upon the completion of the installation of gas pipeline
        jobs by the contractor, the installation is checked and accepted by the
        Company’s technical staff and accepted by the customer.
  ***Off-Balance
        Sheet Arrangements***





We
      do not
      have any off-balance arrangements.





**ITEM
      3.**  **QUANTITATIVE
      AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.**





Not
      applicable.





**ITEM
      4.**  **CONTROLS
      AND PROCEDURES.**





***Evaluation
      of Disclosure Controls and Procedures.*** ****





We
      maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under
      the Exchange Act) that are designed to ensure that information that would be
      required to be disclosed in Exchange Act reports is recorded, processed,
      summarized and reported within the time period specified in the SEC’s rules and
      forms, and that such information is accumulated and communicated to our
      management, including to our Chief Executive Officer and Chief Financial
      Officer, as appropriate, to allow timely decisions regarding required
      disclosure.




As
      required by Rule 13a-15 under the Exchange Act, our management, including Mr.
      Jiaji Shang, our Chief Executive Officer and Ms. Xiaoling
      Li ,
      our
      Chief Financial Officer, evaluated the effectiveness of the design and operation
      of our disclosure controls and procedures as of March 31, 2008. Based on that
      evaluation, Mr. Shang and Ms. Li concluded that as of March 31, 2008, and as
      of
      the date that the evaluation of the effectiveness of our disclosure controls
      and
      procedures was completed, our disclosure controls and procedures were effective
      to satisfy the objectives for which they are intended.


18





***Changes
      in Internal Control Over Financial Reporting.*** ****





During
      the fiscal quarter ended March 31, 2008, there were no changes in our internal
      control over financial reporting identified in connection with the evaluation
      performed during the fiscal year covered by this report that has materially
      affected, or is reasonably likely to materially affect, our internal control
      over financial reporting.





**PART
      II** ****





**OTHER
      INFORMATION**




**ITEM
      1.**  **LEGAL
      PROCEEDINGS.**





From
      time
      to time, we may become involved in various lawsuits and legal proceedings which
      arise in the ordinary course of business. We are currently not aware of any
      such
      legal proceedings or claims that we expect will have a material adverse affect
      on our business, financial condition or operating results. However, litigation
      is subject to inherent uncertainties, and an adverse result in these or other
      matters may arise from time to time that may harm our business.





**ITEM
      2.**  **UNREGISTERED
      SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.**





On
      March
      28, 2008, we issued 94,908,650 shares of our common stock to shareholders of
      Willsky Development. The total consideration for these shares of our common
      stock was 100 shares of Willsky Development, which is all the issued and
      outstanding capital stock of Willsky Development. We did not receive any cash
      consideration in connection with the share exchange. The number of our shares
      issued to the shareholders of Willsky Development was determined based on an
      arms-length negotiation. The issuance of our shares to these individuals was
      made in reliance on the exemption provided by Section 4(2) of the Securities
      Act for the offer and sale of securities not involving a public
      offering and regulation D promulgated thereunder.





On
      March
      28, 2008, we granted Warrants to each of Fountainhead and La Pergola for
      the purchase of a number of shares of our common stock equal to an
      aggregate of two percent (2%) of our issued and outstanding common stock as
      of
      immediately after the closing of our next private placement transaction in
      which
      we receive gross proceeds of at least $8,000,000 million. If no such private
      placement transaction has been consummated on or before September 30, 2008,
      then
      the Warrants shall become exercisable by Fountainhead and La Pergola for an
      aggregate total of 3,500,000 shares of our common stock. The term of the
      Warrants is 5 years and each has an exercise price equal to 150% of the purchase
      price per share paid by the investors in such private placement transaction,
      provided that (i) if securities other than the shares of common stock are issued
      in such private placement transaction, then the exercise price shall be 150%
      of
      the price attributable to a share of common stock at the valuation attributable
      us in the transaction on “post money” basis, and (ii) if such private placement
      transaction is not consummated on or before September 30, 2008, then the
      exercise price per share of Common Stock shall be $6.43 The issuance the
      Warrants was made in reliance upon exemptions provided by Section 4(2) of the
      Securities Act for the offer and sale of securities not involving a public
      offering and Regulation D promulgated thereunder.





In
      instances described above where we issued securities in reliance upon Regulation
      D, we relied upon Rule 506 of Regulation D of the Securities Act. These
      stockholders who received the securities in such instances made representations
      that (a) the stockholder is acquiring the securities for his, her or its own
      account for investment and not for the account of any other person and not
      with
      a view to or for distribution, assignment or resale in connection with any
      distribution within the meaning of the Securities Act, (b) the stockholder
      agrees not to sell or otherwise transfer the purchased shares unless they are
      registered under the Securities Act and any applicable state securities laws,
      or
      an exemption or exemptions from such registration are available, (c) the
      stockholder has knowledge and experience in financial and business matters
      such
      that he, she or it is capable of evaluating the merits and risks of an
      investment in us, (d) the stockholder had access to all of our documents,
      records, and books pertaining to the investment and was provided the opportunity
      to ask questions and receive answers regarding the terms and conditions of
      the
      offering and to obtain any additional information which we possessed or were
      able to acquire without unreasonable effort and expense, and (e) the stockholder
      has no need for the liquidity in its investment in us and could afford the
      complete loss of such investment. Management made the determination that the
      investors in instances where we relied on Regulation D are Accredited Investors
      (as defined in Regulation D) based upon management’s inquiry into their
      sophistication and net worth. In addition, there was no general solicitation
      or
      advertising for securities issued in reliance upon Regulation
      D.


19





In
      instances described above where we indicate that we relied upon Section 4(2)
      of
      the Securities Act in issuing securities, our reliance was based upon the
      following factors: (a) the issuance of the securities was an isolated private
      transaction by us which did not involve a public offering; (b) there were only
      a
      limited number of offerees; (c) there were no subsequent or contemporaneous
      public offerings of the securities by us; (d) the securities were not broken
      down into smaller denominations; and (e) the negotiations for the sale of the
      stock took place directly between the offeree and us.





**ITEM
      3.**  **DEFAULTS
      UPON SENIOR SECURITIES** **.**





None.





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





None.





**ITEM
      5.**  **OTHER
      INFORMATION** **.**





None .





**ITEM
      6.**  **EXHIBITS** **.**





**Exhibit No.**
            
            **Description**31.1
            
            Certification
                of Principal Executive Officer filed pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002.31.2
            
            Certification
                of Principal Financial Officer filed pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002.32.1
            
            Certifications
                of Principal Executive Officer furnished pursuant to 18 U.S.C. Section
                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
                of
                2002.32.2
            
            Certifications
                of Principal Financial Officer furnished pursuant to 18 U.S.C. Section
                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
                of
                2002.


20





**SIGNATURES**





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





Dated:
      May 20, 2008





**TRAVEL
              HUNT HOLDINGS, INC.**By:
            /s/
                Jiaji ShangJiaji
                ShangChief
                Executive Officer(Principal
                Executive Officer)By:
            /s/
                Xiaoling LiXiaoling
                LiChief
                Financial Officer(Principal
                Financial Officer)


21


**EXHIBIT
      INDEX**





**Exhibit
                No.**
            
            **Description**31.1
            
            Certification
                of Principal Executive Officer filed pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002.31.2
            
            Certification
                of Principal Financial Officer filed pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002.32.1
            
            Certifications
                of Principal Executive Officer furnished pursuant to 18 U.S.C. Section
                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
                of
                2002.32.2
            
            Certifications
                of Principal Financial Officer furnished pursuant to 18 U.S.C. Section
                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
                of
                2002.


22