U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

[X]       QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
          ACT OF 1934

                  For the quarterly period ended June 30, 2006

[   ]     TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

               For the transition period from _________to_________

                         Commission file number 0-32067

                           Big Sky Industries I, Inc.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                  Florida                                  59-3646899
--------------------------------------      ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)

             7557 West Sand Lake Road, Suite 153, Orlando, FL 32819
            --------------------------------------------------------
                    (Address of principal executive offices)

                                 (407)-628-7033
                       -----------------------------------
                           (Issuer's telephone number)

    APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

     Check whether the registrant filed all documents and reports required to be
filed by Section 12, 13 or 15(d) of the Exchange ACT after the distribution of
securities under a plan confirmed by a court.
 Yes [   ]     No [   ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State the number of shares outstanding of each of the Issuer's classes of
common equity, as of the latest practicable date: As of August 23, 2007,
1,050,000 shares of the registrant's common stock, $.001 par value, issued and
outstanding.

    Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]









<PAGE>





                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)

                                   FORM 10-QSB
                                  June 30, 2006

INDEX                                                                Page Number



                          PART 1- FINANCIAL INFORMATION



Item 1 - Financial Statements

     Balance Sheet as of June 30, 2006 (unaudited)                             2

     Statements of Operations for the three and nine months ended
     June 30, 2006 and 2005 and the period of inception January 31,
     2000 to June 30, 2006 (unaudited)                                         3

     Statements of Cash Flows for the nine months ended June 30, 2006
     and 2005 and the period of inception  January 31, 2000 to June
     30, 2006 (unaudited)                                                      4

     Notes to Financial Statements (unaudited)                                 5



Item 2 - Management's Discussion and Analysis or Plan of Operation             9



Item 3- Controls and Procedures                                               11




                           PART II - OTHER INFORMATION



Item 1 - Legal Proceedings                                                    11



Item 2 - Changes in Securities                                                11



Item 3 - Defaults upon Senior Securities                                      11



Item 4 - Submission of Matters to a Vote of Security Holders                  11



Item 5 - Other Information                                                    11



Item 6 - Exhibits and Reports on Form 8-K                                     12








<PAGE>


                         PART I - FINANCIAL INFORMATION






ITEM 1.  FINANCIAL STATEMENTS

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                                   (Unaudited)



                                                                 June 30,
                                                                   2006
ASSETS                                                           -------

  Cash                                                           $  --
                                                                 -------

TOTAL ASSETS                                                     $  --
                                                                 =======

LIABILITIES AND STOCKHOLDERS' DEFICIT
  LIABILITIES
  Accrued expenses                                               $ 5,780
                                                                 -------

TOTAL LIABILITIES                                                  5,780
                                                                 -------

STOCKHOLDERS' DEFICIT
  Preferred stock, no par value; 5,000,000 shares authorized,
    none outstanding
  Common stock, $.001 par value, 50,000,000 shares authorized,
    1,050,000 shares issued and outstanding                        1,050
  Additional paid-in capital                                         187
  Deficit accumulated during the development stage                (7,017)
                                                                 -------

TOTAL STOCKHOLDERS' DEFICIT                                       (5,780)
                                                                 -------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                      $  --
                                                                 =======



   The accompanying notes are an integral part of these financial statements.





                                     Page 2





<PAGE>
<TABLE>
<CAPTION>

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                             STATEMENT OF OPERATIONS
                                   (Unaudited)


                                                                                          Period From
                                                                                          January 31,
                                                                                            2000
                                        Three Months Ended          Nine Months Ended    (Inception) to
                                             June 30,                  June 30,             June 30,
                                      -----------------------   -----------------------  -----------
                                         2006         2005        2006         2005         2006
                                      ----------   ----------   ---------   ----------   -----------
<S>                                   <C>          <C>          <C>         <C>          <C>


Revenues                              $     --     $     --     $    --     $     --     $      --

General and administrative expenses         --           --          --           --           7,017
                                      ----------   ----------   ---------   ----------   -----------

Operating loss                              --           --          --           --          (7,017)

Provision for income taxes                  --           --          --           --            --
                                      ----------   ----------   ---------   ----------   -----------

Net loss                              $     --     $     --     $    --     $     --     $    (7,017)
                                      ==========   ==========   =========   ==========   ===========


Basic and diluted loss per share      $   (0.000)  $   (0.000)  $  (0.000)  $   (0.000)  $    (0.007)
                                      ==========   ==========   =========   ==========   ===========
Weighted average number of common
  shares outstanding
    (basic and diluted)                1,050,000    1,050,000   1,050,000    1,050,000     1,050,000
                                      ==========   ==========   =========   ==========   ===========


</TABLE>



   The accompanying notes are an integral part of these financial statements.






                                     Page 3



<PAGE>
<TABLE>
<CAPTION>

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)

                                                                               Period From
                                                                               January 31,
                                                      Nine Months Ended           2000
                                                           June  30,         (Inception) to
                                                   ------------------------     June 30,
                                                      2006         2005           2006
                                                   ----------   -----------   ----------
<S>                                                <C>          <C>           <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss                                       $     --            --     $   (7,017)
    Adjustments to reconcile net loss to net
      cash used by operating activities:
    Common stock exchanged for services                  --            --             50
    Decrease in cash in bank deficit                     --            --           --
    Increase in accrued liabilities                      --            --          5,780
                                                   ----------   -----------   ----------

NET CASH USED BY OPERATING ACTIVITIES              $     --            --     $   (1,187)
                                                   ----------   -----------   ----------

CASH FLOWS FROM FINANCING ACTIVITIES:

    Sale of common stock                                 --            --          1,000
    Contribution of capital by shareholders              --            --            187
                                                   ----------   -----------   ----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                --            --          1,187
                                                   ----------   -----------   ----------

NET INCREASE (DECREASE) IN CASH                          --            --           --

CASH AND EQUIVALENTS - BEGINNING OF PERIOD               --            --           --
                                                   ----------   -----------   ----------

CASH AND EQUIVALENTS - END OF PERIOD               $     --     $      --     $     --
                                                   ==========   ===========   ==========
SUPPLEMENTAL DISCLOSURES:

    Cash paid during the period for interest       $     --     $      --     $     --
                                                   ==========   ===========   ==========

    Cash paid during the period for income taxes   $     --     $      --     $     --
                                                   ==========   ===========   ==========


</TABLE>


   The accompanying notes are an integral part of these financial statements.





                                     Page 4




<PAGE>


                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


1. BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTY:

The unaudited financial  statements have been prepared by the Company,  pursuant
to the rules and regulations of the Securities and Exchange Commission.  Certain
information and footnote  disclosures  normally included in financial statements
prepared in accordance with generally accepted  accounting  principles have been
omitted  pursuant to such SEC rules and regulations;  nevertheless,  the Company
believes that the disclosures are adequate to make the information presented not
misleading.  These  financial  statements and the notes hereto should be read in
conjunction  with the financial  statements  and notes  thereto  included in the
Company's  Form 10-KSB for the year ended  September  30, 2005,  which was filed
August 23,  2007.  In the opinion of the  Company,  all  adjustments,  including
normal recurring  adjustments necessary to present fairly the financial position
of Big Sky  Industries  I,  Inc.  as of June  30,  2006 and the  results  of its
operations  and cash flows for the nine months then ended,  have been  included.
The results of operations for the interim period are not necessarily  indicative
of the results for the full year.

Big Sky Industries I, Inc. was  incorporated in Florida on January 31, 2000. The
company was  organized as a "shell"  company and conducts  virtually no business
operation,  other than investigating  opportunities to associate with a suitable
business partner and identifying merger partners or acquisition candidates.  The
Company is a development  stage enterprise,  as defined by Financial  Accounting
Standards,  ("FAS")  No  7,  "Accounting  and  Reporting  by  Development  Stage
Enterprises."

The financial  statements  of the Company have been  prepared  assuming that the
Company will continue as a going concern.  However,  since inception the Company
has a loss from operations of approximately  $7,000. Cash losses from operations
since  inception  have been  approximately  $1,200.  The  Company  has a working
capital deficiency of $5,780 at June 30, 2006.

In light of the Company's  current  financial  position and the  uncertainty  of
raising  sufficient  capital to achieve its business plan,  there is substantial
doubt about the Company's ability to continue as a going concern.

There have been no changes in accounting policies used by the Company during the
quarter ended June 30, 2006.


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Management 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 dates of the financial  statements and
the reported amounts of operating expenses during the reporting periods.  Actual
results could differ from these estimates.

Cash and cash flows
-------------------

For purposes of the statements of cash flows,  cash includes demand deposits and
time deposits with  maturities of less than three months.  None of the Company's
cash is restricted.

The Company has not maintained any cash accounts which exceed federally  insured
limits.  Management  believes that the Company does not have significant  credit
risk related to its cash accounts.




                                     Page 5



<PAGE>

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


Fair value of financial instruments
-----------------------------------

In accordance with the reporting requirements of SFAS No. 107, Disclosures About
Fair Value of Financial  Instruments,  the Company  calculates the fair value of
its assets and  liabilities  which qualify as financial  instruments  under this
statement and includes this additional information in the notes to the financial
statements  when the fair value is different  than the  carrying  value of those
financial instruments.  At June 30, 2006, the Company did not have any financial
instruments.

Stock Based Compensation
------------------------

Effective  September  30,  2005,  the Company  adopted  Statement  of  Financial
Accounting  Standards  (SFAS)  123R,  Share-Based  Payment,  using the  modified
prospective   method.   This   statement   requires  the  Company  to  recognize
compensation  cost  based on the grant  date fair  value of  options  granted to
employees and directors.

Recent accounting pronouncements
--------------------------------

In July  2006,  the FASB  issued  FASB  Interpretation  No. 48,  Accounting  for
Uncertainty in Income Taxes (FIN 48). FIN 48 clarifies the accounting for income
taxes by  prescribing a minimum  probability  threshold that a tax position must
meet before a financial  statement benefit is recognized.  The minimum threshold
is  defined  in FIN 48 as a tax  position  that is more  likely  than  not to be
sustained  upon  examination  by  the  applicable  taxing  authority,  including
resolution  of  any  related  appeals  or  litigation  processes,  based  on the
technical  merits of the position.  The tax benefit to be recognized is measured
as the largest  amount of benefit that is greater than fifty  percent  likely of
being realized upon ultimate settlement.  FIN 48 must be applied to all existing
tax positions upon initial adoption. The cumulative effect of applying FIN 48 at
adoption,  if any,  is to be  reported  as an  adjustment  to  opening  retained
earnings for the year of adoption.  FIN 48 is effective for the  Company's  year
end 2007,  although  early  adoption is permitted.  The Company is assessing the
potential effect of FIN 48 on its financial statements.

In  February  2006,  the FASB issued SFAS 155,  "Accounting  for Certain  Hybrid
Financial   Instruments."   This  Statement  amends  FASB  Statements  No.  133,
Accounting  for  Derivative  Instruments  and Hedging  Activities,  and No. 140,
Accounting for Transfers and Servicing of Financial  Assets and  Extinguishments
of Liabilities. This

Statement  resolves issues addressed in Statement 133  Implementation  Issue No.
Dl,  "Application  of  Statement  133 to  Beneficial  Interests  in  Securitized
Financial Assets." This Statement:

     a) Permits fair value  re-measurement  for any hybrid financial  instrument
     that  contains  an  embedded   derivative   that  otherwise  would  require
     bifurcation.

     b) Clarifies which interest-only  strips and principal-only  strips are not
     subject to the requirements of Statement 133.

     c) Establishes a requirement to evaluate interests in securitized financial
     assets to identify interests that are freestanding  derivatives or that are
     hybrid financial  instruments that contain an embedded derivative requiring
     bifurcation.

     d)  Clarifies   that   concentrations   of  credit  risk  in  the  form  of
     subordination are not embedded derivatives.

     e) Amends  Statement  140 to  eliminate  the  prohibition  on a  qualifying
     special-purpose  entity from holding a derivative financial instrument that
     pertains to a beneficial  interest other than another derivative  financial
     instrument.


                                     Page 6



<PAGE>


                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


The fair value  election  provided for in paragraph  4(e) of this  Statement may
also be applied upon adoption of this Statement for hybrid financial instruments
that had been  bifurcated  under  paragraph  12 of  Statement  133  prior to the
adoption of this Statement. Earlier adoption is permitted as of the beginning of
our fiscal year, provided we have not yet issued financial statements, including
financial statements for any interim period, for that fiscal year. Provisions of
this  Statement  may be  applied  to  instruments  that we  hold at the  date of
adoption on an instrument-by-instrument basis.

Adoption of this  Statement is required as of the  beginning of the first fiscal
year that begins after September 15, 2005. The adoption of this statement is not
expected to have a material impact on the company's financial statements.

In March 2006, The FASB issued SEAS 156,  "Accounting for Servicing of Financial
Assets." This Statement amends FASB Statement No. 140,  Accounting for Transfers
and  Servicing of Financial  Assets and  Extinguishments  of  Liabilities,  with
respect  to the  accounting  for  separately  recognized  servicing  assets  and
servicing liabilities. This Statement:

     a) Requires an entity to recognize a servicing asset or servicing liability
     each time it  undertakes  an  obligation  to service a  financial  asset by
     entering into a servicing contract in certain situations.

     b)  Requires  all  separately  recognized  servicing  assets and  servicing
     liabilities to be initially measured at fair value, if practicable.

     c) Permits an entity to choose either the  amortization  method or the fair
     value measurement method for each class of separately  recognized servicing
     assets and servicing liabilities.

     d)  At  its  initial  adoption,  permits  a  one-time  reclassification  of
     available-for-sale  securities  to  trading  securities  by  entities  with
     recognized servicing rights, without calling into question the treatment of
     other available-for-sale  securities under Statement 115, provided that the
     available-for-sale  securities  are identified in some manner as offsetting
     the  entity's  exposure  to changes in fair  value of  servicing  assets or
     servicing  liabilities  that a servicer elects to  subsequently  measure at
     fair value.

     e)  Requires  separate  presentation  of  servicing  assets  and  servicing
     liabilities  subsequently  measured  at  fair  value  in the  statement  of
     financial position and additional disclosures for all separately recognized
     servicing assets and servicing liabilities.

Adoption of this  Statement is required as of the  beginning of the first fiscal
year that begins after September 15, 2006. The adoption of this statement is not
expected to have a material impact on the company's financial statements.

In September 2006, the FASB issued Statement No. 157, "Fair Value Measurements."
This  Statement  defines fair value,  establishes a framework for measuring fair
value in generally accepted  accounting  principles and expands disclosure about
fair value  measurement.  The implementation of this guidance is not expected to
have any impact on the company's financial statements.


In September 2006, the FASB issued Statement of Financial  Accounting  Standards
No.  158,   "Employers'   Accounting  for  Defined  Benefit  Pension  and  Other
Postretirement  Plans,  an amendment of PASS Statements No. 87, 106, and 132(R)"
("SFAS No. 158").  SFAS No. 158 requires  companies to recognize a net liability
or asset and an offsetting  adjustment to accumulate other comprehensive  income
to report the funded status of defined benefit pension and other  postretirement
benefit plans. SFAS No. 158 requires  prospective  application,  recognition and
disclosure  requirements effective for the company's fiscal year ending December
31, 2007.  Additionally,  SFAS No. 158 requires companies to measure plan assets
and  obligations  at their  year-end  balance sheet date.  This  requirement  is
effective for the company's fiscal year ending December 31, 2009. The company is
currently  evaluating  the impact of the  adoption  of SFAS No. 258 and does not
expect that it will have a material impact on its financial statements.


                                     Page 7



<PAGE>

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


In September 2006, the United States Securities and Exchange Commission ("SEC"),
adopted SAB No. 108,  "Considering the Effects of Prior Year  Misstatements when
Quantifying  Misstatements  in  Current  Year  Financial  Statements."  This SAB
provides   guidance  on  the   consideration   of  the  effects  to  prior  year
misstatements  in quantifying  current year  misstatements  for the purpose of a
materiality   assessment.   SAB  108   establishes  an  approach  that  requires
quantification of financial statement errors based on the effects of each of the
company's balance sheet and statement of operations financial statements and the
related  financial  statement  disclosures.  The  SAB  permits  existing  public
companies to record the cumulative effect of initially applying this approach in
the first year  ending  after  November  15,  2006 by  recording  the  necessary
correcting  adjustments to the carrying  values of assets and  liabilities as of
the  beginning  of that  year with the  offsetting  adjustment  recorded  to the
opening balance of retained  earnings.  Additionally,  the use of the cumulative
effect transition  method requires detailed  disclosure of the nature and amount
of each individual error being corrected  through the cumulative  adjustment and
how and when it arose. The company is currently  evaluating the impact,  if any,
that  SAB 108 may have on the  company's  results  of  operations  or  financial
position.

Income taxes
------------

The Company  employs the asset and  liability  method in  accounting  for income
taxes  pursuant to Statement of Financial  Accounting  Standards  (SFAS) No. 109
"Accounting  for Income  Taxes."  Under  this  method,  deferred  tax assets and
liabilities are determined based on temporary  differences between the financial
reporting  and tax  bases of  assets  and  liabilities  and net  operating  loss
carryforwards,  and are  measured  using  enacted  tax  rates  and laws that are
expected to be in effect when the differences are reversed.

Net loss per share
------------------

Basic net loss per share is computed  based upon the weighted  average number of
common  shares  outstanding  during the periods and is computed by dividing  net
loss by the adjusted weighted average number of shares during the periods.


3. CAPITAL STRUCTURE DISCLOSURES

The  Company's  capital  structure is not complex.  The Company is authorized to
issue 5,000,000  shares of preferred  stock with a no par value.  The Company is
authorized to issue 50,000,000  shares of common stock with a par value of $.001
per share.


Preferred stock
---------------

No shares of preferred stock have been issued as of June 30, 2006.


Common stock
------------

Each common  stock share has one voting  right and the right to dividends if and
when declared by the Board of Directors.

Stock options, warrants and other rights
----------------------------------------

As of August 23,  2007,  the Company has not adopted any  employee  stock option
plans.




                                     Page 8



<PAGE>



Item 2. Management's  Discussion and Analyses of Financial Condition and Results
        of Operation

The  following  discussion  should  be read in  conjunction  with our  financial
statements provided in this quarterly report on Form 10-QSB.  Certain statements
contained herein may constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual results
to differ materially, as discussed more fully herein.

The  forward-looking  information  set forth in this annual  report is as of the
date of this filing,  and we undertake no duty to update this information.  More
information about potential factors that could affect our business and financial
results is included in the section  entitled "Risk Factors" of our Annual Report
on Form 10-KSB for the year ended  September 30, 2005 filed with the  Securities
and Exchange Commission.

Overview

The   following   discussion   "Management's   Plan   of   Operation"   contains
forward-looking  statements. The words "anticipate," "believe" "expect," "plan,"
"intend," "estimate," "project," "will," "could," "may," and similar expressions
are intended to identify forward-looking statements. Such statements reflect the
Company's current views with respect to future events and financial  performance
and involve risks and  uncertainties.  Should one or more risks or uncertainties
occur, or should underlying assumptions prove incorrect, actual results may vary
materially and adversely from those anticipated,  believed,  expected,  planned,
intended, estimated, projected, or otherwise indicated.

The  following is qualified by reference  to, and should be read in  conjunction
with the Company's financial statements,  and notes thereto,  included elsewhere
in this Form 10-QSB, as well as the discussion  hereunder  "Management's Plan of
Operation";  our significant  accounting policies are disclosed in Note 1 to our
financial  statements  included on our Annual Report on Form 10-KSB for the year
ended September 30, 2005 filed with the Securities and Exchange Commission.

Plan of Operation

Big Sky  Industries  I, Inc.  is  presently a  development  stage  company  that
conducts   virtually   no   business   operations,   other  than   investigating
opportunities to effect a merger,  exchange of capital stock, asset acquisition,
or  other  similar  business  combination  (a  "Business  Combination")  with an
operating or development  stage business ("Target  Business"),  which desires to
employ  the  Company  to become a  reporting  corporation  under the  Securities
Exchange Act of 1934. To date, we have not engaged in any  operations,  nor have
we generated any revenue.

We do not  have  cash in the bank or other  material  assets,  nor do we have an
established  source of revenue  needed to cover the costs of normal  operations,
which would allow us to continue as a going concern.  These financial statements
have been prepared using generally accepted accounting  principles applicable to
a going concern, which contemplates the realization of assets and liquidation of
liabilities  in the  normal  course  of  business.  Our  ability  to meet  those
obligations  and continue as a going  concern is  dependent  upon us raising new
capital through advances from current shareholders and issuing equity securities
to complete a Business  Combination  transaction with a Target  Business.  If it
becomes  necessary for us to raise additional funds to support normal operations
during the next twelve  months,  our principal  shareholder  and founder,  Ramon
Chimelis,  will advance funds as needed.  If we need to raise funds beyond funds
needed for normal  operations,  we may choose to sell  additional  common stock,
especially  if we enter into an agreement to  effectuate a Business  Combination
with a Target Business.

Since inception,  we have received a cash infusion of $1,187. With the exception
of certain other professional fees and costs related to a Business  Combination,
we expect that we will incur minimal  operating  costs and, as indicated  above,
our principal shareholder and founder will advance funds, as needed, to meet our
cash requirements during the next twelve months. It is likely,  however,  that a
Business  Combination might not occur during the next twelve months;  and in the
event that our principal  shareholder does not advance adequate funds to support
normal operations prior to completing a Business Combination  transaction with a
Target  Business,  we may cease  operations and a Business  Combination  may not
occur.


                                    Page 9



<PAGE>

Item 2. Management's  Discussion and Analyses of Financial Condition and Results
        of Operation (Continued)

To  date,  we have  not  yet  identified  a  Business  Combination  opportunity;
therefore,  we are  unable to  predict  our cash  requirements  subsequent  to a
Business  Combination with an unidentified Target Business.  As indicated above,
we may be  required  to  raise  capital  through  the  sale  of or  issuance  of
additional  securities,  in order to ensure that we can meet our operating costs
for the  remainder  of our fiscal  year,  if we complete a Business  Combination
transaction  with a  Target  Business.  In the  event  that we  elect  to  raise
additional  capital by selling  common stock,  prior to, or in connection  with,
completing a Business  Combination  transaction,  we expect to do so through the
private placement of restricted securities.

There are no agreements or  understandings of any kind with respect to any loans
from  officers or directors of the Company on behalf of the Company,  other than
that describe above.

Since  our  cash  reserves  have  been  minimal  since  inception,  we have  not
compensated our officers or directors;  in the near term, we may compensate them
for their services by issuing them stock in lieu of cash.  Presently,  there are
no  arrangements  or  anticipated  arrangements  to pay any  type of  additional
compensation to any officer or director.  Regardless, of whether our cash assets
prove  to be  inadequate  to  meet  our  operational  needs,  we  might  seek to
compensate providers of services by the issuance of stock in lieu of cash.

Going Concern

We  continue  to be a  development  stage  company  that has not  generated  any
revenues and has experienced  losses from  operations  since  exception.  In our
Annual  Report on Form 10-KSB for the year ended  September  30, 2005 filed with
the Securities and Exchange  Commission,  our predecessor  independent  auditors
indicated  that these  factors  raised  substantial  doubt  about our ability to
continue  as a going  concern.  These  concerns  were  addressed  in a  separate
footnote (Note 1) to the Annual Report for the year ended September 30, 2005.

The continuation of our business is dependent upon obtaining  further  financing
and achieving a break even or profitable  level of  operations.  The issuance of
additional equity securities by us could result in a significant dilution in the
equity interests of our current or future stockholders.

There are no  assurances  that we will be able to either (1)  achieve a level of
revenues  adequate  to generate  sufficient  cash flow from  operations;  or (2)
obtain additional  financing through either private placement,  public offerings
and/or bank financing necessary to support our working capital requirements.  To
the extent that funds  generated  from  operations  and any private  placements,
public offerings and/or bank financing are  insufficient,  we will have to raise
additional working capital. No assurance can be given that additional  financing
will be  available,  or if  available,  will be on terms  acceptable  to us.  If
adequate working capital is not available we may not increase our operations.

These  conditions  raise  substantial  doubt  about our ability to continue as a
going concern.  The financial statements do not include any adjustments relating
to the recoverability and classification of asset carrying amounts or the amount
and classification of liabilities that might be necessary should we be unable to
continue as a going concern.

Off-Balance Sheet Arrangements

We are not a party to any off-balance  sheet  arrangements  and do not engage in
trading activities involving non-exchange traded contracts. In addition, we have
no financial  guarantees,  debt or lease agreements or other  arrangements  that
could trigger a requirement  for an early payment or that could change the value
of our assets.





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<PAGE>

Item 3. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

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


Changes in Internal Control over Financial Reporting

There were no changes in our internal  control over financial  reporting  during
the quarter  ended June 30,  2006,  which were  identified  in  connection  with
management's  evaluation  required by  paragraph  (d) of rules 13a-15 and 15d-15
under the Exchange Act, that have materially affected,  or are reasonably likely
to materially affect, our internal control over financial reporting.



                           PART II. OTHER INFORMATION




Item 1 - Legal Proceedings

         None




Item 2 - Changes in Securities

         None




Item 3 - Defaults upon Senior Securities

         None




Item 4 - Submissions of Matters to a Vote of Security Holders

         None




Item 5 - Other Information

         None







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<PAGE>



Item 6 - Exhibits and Reports on Form 8-K

        (a)  Exhibits

   31.1   Certification  by Chief Executive  Officer  pursuant to Section 302 of
          the Sarbanes-Oxley Act of 2002*

   32.1   Certification by Chief Executive Officer pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
          2002 *


--------------------------------------------------------------------------------


     *  Filed herewith


     (b) Reports on Form 8-K.

     No reports on Form 8-K were filed during the quarter ending June 30, 2006.



                                   SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                                                      Big Sky Industries I, Inc.

Dated:  August 23, 2007                                   By:  /s/Ramon Chimelis
                                                               -----------------
                                                                  Ramon Chimelis
                                                         Chief Executive Officer












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