----

----

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

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

| Nevada                                                                                                                    | 36-4567500                                                         |
|---------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|
| (State                or other jurisdiction                ofincorporation                or                organization) | (I.R.S.                Employer Identification                No.) |

| 534                Delaware Avenue, Suite                412Buffalo,New                York | 14202                     |
|---------------------------------------------------------------------------------------------|---------------------------|
| (Address                of principal executive                offices)                      | (Zip                Code) |

| (910)                616-0077                                   |
|-----------------------------------------------------------------|
| (Issuer’s                telephone                number) |

| Yes | T | No  0 |
|-----|---|-----------------|

----

| PART                I - FINANCIAL                INFORMATION                                          |   |
|-------------------------------------------------------------------------------------------------------|--------|
| Item                1. Financial                Statements                                            | 1      |
| Item                2. Management’s Discussion                and Analysis or Plan of Operation | 7      |
| Item                3. Controls and                Procedures                                         | 8      |
|                                                                                                  |   |
| PART                II - OTHER                INFORMATION                                             |   |
| Item                1. Legal                Proceedings.                                              | 9      |
| Item                2. Unregistered Sales of                Equity Securities and Use of Proceeds.    | 9      |
| Item                3. Defaults Upon Senior                Securities.                                | 9      |
| Item                4. Submission of Matters to a                Vote of Security Holders.            | 9      |
| Item                5. Other                Information.                                              | 9      |
| Item                6.                Exhibits                                                        | 9      |
|                                                                                                  |   |
| SIGNATURES                                                                                            |   |

----

----

----

----

| GLOBAL                    WATAIRE INC. AND SUBSIDIARY(A                    NEVADA CORPORATION)Buffalo,                    New York TABLE                      OF CONTENTS |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Consolidated                  Balance Sheets at November 30, 2007 (Unaudited) and  August                  31,                  2007                                                                                                                      1 Consolidated                  Statements of Operations for the Three Months Ended  November                  30, 2007 and 2006                  (Unaudited)                                                                          2 Consolidated                  Statements of Cash Flows for the Three Months Ended November                  30, 2007 and 2006                  (Unaudited)                                                                           3 Notes                  to Consolidated Financial                  Statements                                                                       4-6 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

----

| GLOBAL                    WATAIRE INC. AND SUBSIDIARY                                                              |   |                            |       |   |                            |   |
|--------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|--------|---------------------------------|--------|
| (A                    NEVADA CORPORATION)                                                                          |   |                            |       |   |                            |   |
| Buffalo,                    New York                                                                               |   |                            |       |   |                            |   |
|                                                                                                               |   |                            |       |   |                            |   |
| CONSOLIDATED                    BALANCE SHEETS                                                                     |   |                            |       |   |                            |   |
|                                                                                                               |   | (Unaudited)                     |       |   |                            |   |
|                                                                                                               |   | November                    30, |       |   | August                      31, |   |
|                                                                                                               |   | 2007                            |       |   | 2007                            |   |
|                                                                                                               |   |                            |       |   |                            |   |
| ASSETS                                                                                                             |   |                            |       |   |                            |   |
| Cash                    and Cash Equivalents                                                                       |   | $                               | 103,925    |   |                            | $      | 197,593 |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| LIABILITIES                    AND STOCKHOLDERS' DEFICIT                                                           |   |                            |       |   |                            |   |   |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Current                    Liabilities                                                                             |   |                            |       |   |                            |   |   |   |
| Accounts                    Payable                                                                                |   | $                               | 23,190     |   |                            | $      | 21,861 |   |
| Accrued                    Expenses                                                                                |   |                            | 24,450     |   |                            |   | 35,829 |   |
| Accrued                    Compensation - Directors                                                                |   |                            | 551,750    |   |                            |   | 511,833 |   |
| Due                    to                    Directors                                                             |   |                            | 268,920    |   |                            |   | 319,224 |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Total                    Liabilities                                                                               |   |                            | 868,310    |   |                            |   | 888,747 |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Stockholders'                    Deficit                                                                           |   |                            |       |   |                            |   |   |   |
| Common                    Stock :  $.001 Par; 800,000,000 Shares                    Authorized;          |   |                            |       |   |                            |   |   |   |
|     26,384,207                    and                    23,191,637, Issued and 23,384,207     |   |                            |       |   |                            |   |   |   |
|     and                    20,191,637 Outstanding, respectively                                |   |                            | 26,384     |   |                            |   | 23,191 |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Common                    Stock, Class B:  $.001 Par; 50,000,000 Shares                                  |   |                            |       |   |                            |   |   |   |
|     Authorized;                    -0-                    Issued and Outstanding               |   |                            | —    |   |                            |   | — |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Preferred                    Stock, Class A:  $.001 Par; 1,000,000 Shares                    Authorized; |   |                            |       |   |                            |   |   |   |
|     66,000                    Issued and Outstanding                                           |   |                            | 66         |   |                            |   | 66 |   |
| Preferred                    Stock, Class B:  $.001 Par; 5,000,000 Shares                    Authorized; |   |                            |       |   |                            |   |   |   |
|     1,000,000                    Issued and Outstanding                                        |   |                            | 1,000      |   |                            |   | 1,000 |   |
| Preferred                    Stock, Class C:  $.001 Par; 15,000,000 Shares                               |   |                            |       |   |                            |   |   |   |
|     Authorized;  -0-                    Issued and Outstanding                       |   |                            | —    |   |                            |   | — |   |
| Preferred                    Stock, Class D:  $.001 Par;  13,000,000                    Shares |   |                            |       |   |                            |   |   |   |
|     Authorized;  -0-                    Issued and Outstanding                       |   |                            | —    |   |                            |   | — |   |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Additional                    Paid-In Capital                                                                      |   |                            | 4,251,419  |   |                            |   | 4,100,631 |   |
| Accumulated                    Deficit                                                                             |   |                            | (5,040,254 | )      |                            |   | (4,813,04 | ) |
| Treasury                    Stock – 3,000,000 Shares at $.001 Par                                            |   |                            | (3,000     | )      |                            |   | (3,000 | ) |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Total                    Stockholders' Deficit                                                                     |   |                            | (764,385   | )      |                            |   | (691,154 | ) |
|                                                                                                               |   |                            |       |   |                            |   |   |   |
| Total                    Liabilities and Stockholders' Deficit                                                     |   | $                               | 103,925    |   |                            | $      | 197,593 |   |

----

|                                                                            |   |
|---------------------------------------------------------------------------------|--------|
| GLOBAL                  WATAIRE INC. AND SUBSIDIARY                             |   |
| (A                  NEVADA CORPORATION)                                         |   |
| Buffalo,                  New York                                              |   |
|                                                                            |   |
|                                                                            |   |
| CONSOLIDATED                  STATEMENTS OF OPERATIONS                          |   |
|                                                                            |   | Unaudited |   |
|  For                  the Three                  Months Ended November 30, |   | 2007 |   |   | 2006 |   |
|                                                                            |   |   |   |   |   |   |
| Revenues,                  Net                                                  |   | $ | — |   |   | $ | — |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Cost                  of Goods Sold                                             |   |   | — |   |   |   | — |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Gross                  Profit                                                   |   |   | — |   |   |   | — |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Expenses                                                                        |   |   |   |   |   |   |   |   |
| Consulting                  Fees                                                |   |   | 152,500 |   |   |   | 55,000 |   |
| General                  and Administrative                                     |   |   | 56,849 |   |   |   | 34,276 |   |
| Interest                  Expense                                               |   |   | 17,863 |   |   |   | 11,520 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Total                  Expenses                                                 |   |   | 227,212 |   |   |   | 100,796 |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Loss                  from Operations Before                                    |   |   |   |   |   |   |   |   |
|   Provision                  for Taxes                                |   |   | (227,212 | ) |   |   | (100,796 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
| Provision                  for Taxes                                            |   |   | — |   |   |   | — |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Net                  Loss for the Period                                        |   | $ | (227,212 | ) |   | $ | (100,796 | ) |
|                                                                            |   |   |   |   |   |   |   |   |
|                                                                            |   |   |   |   |   |   |   |   |
| Weighted                  Average Number of                                     |   |   |   |   |   |   |   |   |
|   Common                  Shares Outstanding -                        |   |   |   |   |   |   |   |   |
|   Basic                                                               |   |   | 22,541,383 |   |   |   | 483,404 |   |
|   Diluted                                                             |   |   | 25,541,383 |   |   |   | 483,404 |   |
| Net                  Loss Per Common Share -                                    |   |   |   |   |   |   |   |   |
|   Basic                  and Diluted                                  |   | $ | (0.01 | ) |   | $ | (0.21 | ) |

----

| GLOBAL                  WATAIRE INC. AND SUBSIDIARY                |   |      |     |   |   |   |
|--------------------------------------------------------------------|--------|-----------|----------|--------|--------|--------|
| (A                  NEVADA CORPORATION)                            |   |      |     |   |   |   |
| Buffalo,                  New York                                 |   |      |     |   |   |   |
|                                                               |   |      |     |   |   |   |
| CONSOLIDATED                STATEMENTS OF CASH FLOWS               |   |      |     |   |   |   |
|                                                               |   | Unaudited |     |
| For                  the Three Months Ended November 30,           |   | 2007      |     |   | 2006   |   |
|                                                               |   |      |     |   |   |   |
| Cash                  Flows from Operating Activities              |   |      |     |   |   |   |
|                                                               |   |      |     |   |   |   |
| Net                  Loss                                          |   | $         | (227,212 | )      |   | $      | (100,796 | ) |
|                                                               |   |      |     |   |   |   |   |   |
| Non-Cash                  Adjustments:                             |   |      |     |   |   |   |   |   |
| Interest                  on Directors/Stockholder Loans           |   |      | 17,863   |   |   |   | 11,520 |   |
|                                                               |   |      |     |   |   |   |   |   |
| Changes                  in Assets and Liabilities:                |   |      |     |   |   |   |   |   |
| Accounts                  Payable                                  |   |      | 1,328    |   |   |   | 21,540 |   |
| Accrued                  Expenses                                  |   |      | (11,379  | )      |   |   | (5,000 | ) |
| Accrued                  Compensation                  - Directors |   |      | 28,417   |   |   |   | — |   |
|                                                               |   |      |     |   |   |   |   |   |
| Net                  Cash Flows from Operating Activities          |   |      | (190,983 | )      |   |   | (72,736 | ) |
|                                                               |   |      |     |   |   |   |   |   |
| Cash                  Flows from Investing Activities              |   |      | —  |   |   |   | — |   |
|                                                               |   |      |     |   |   |   |   |   |
| Cash                  Flows from Financing Activities              |   |      |     |   |   |   |   |   |
| Proceeds                  from Issuance of Regulation S Shares     |   |      | 153,982  |   |   |   | — |   |
| Advances                  from (Repayment to) Directors - Net      |   |      | (56,667  | )      |   |   | 72,736 |   |
|                                                               |   |      |     |   |   |   |   |   |
| Net                  Cash Flows from Financing Activities          |   |      | 97,315   |   |   |   | 72,736 |   |
|                                                               |   |      |     |   |   |   |   |   |
| Net                  Change in Cash and Cash Equivalents           |   |      | (93,668  | )      |   |   | — |   |
|                                                               |   |      |     |   |   |   |   |   |
| Cash                  and Cash Equivalents - Beginning of Period   |   | $         | 197,593  |   |   |   | — |   |
|                                                               |   |      |     |   |   |   |   |   |
| Cash                  and Cash Equivalents - End of Period         |   | $         | 103,925  |   |   | $      | — |   |
|                                                               |   |      |     |   |   |   |   |   |
|                                                               |   |      |     |   |   |   |   |   |
| Supplemental                  Disclosures                          |   |      |     |   |   |   |   |   |
| Interest                  Paid                                     |   | $         | —  |   |   | $      | — |   |
| Income                  Taxes Paid                                 |   | $         | —  |   |   | $      | — |   |
|                                                               |   |      |     |   |   |   |   |   |

----

----

| NOTE                  A – | Basis                  of Presentation |
|---------------------------------|----------------------------------------|

|   | The                  condensed consolidated financial statements of Global Wataire,                  Inc. and                  Subsidiary (the “Company”) included herein have been prepared by the                  Company, without audit, pursuant to the rules and regulations of                  the                  Securities and Exchange Commission (the “SEC”).  Certain                  information and footnote disclosures normally included in consolidated                  financial statements prepared in conjunction with generally accepted                  accounting principles have been condensed or omitted pursuant to                  such                  rules and regulations, although the Company believes that the disclosures                  are adequate to make the information presented not                  misleading.  These condensed consolidated financial statements                  should be read in conjunction with the annual audited financial                  statements                  and the notes thereto included in the Company’s registration statement on                  Form 10-KSB, and other reports filed with the SEC. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The                  accompanying unaudited interim financial statements reflect all                  adjustments of a normal and recurring nature which are, in the                  opinion of                  management, necessary to present fairly the financial position,                  results of                  operations and cash flows of the Company for the interim periods                  presented. The results of operations for these periods are not                  necessarily                  comparable to, or indicative of, results of any other interim period                  or                  for the fiscal year taken as a whole. Certain information that                  is not                  required for interim financial reporting purposes has been omitted. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Principles                  of Consolidation |
|--------|----------------------------------------------|

|   | The                  consolidated financial statements include the accounts of Global                  Wataire                  Inc., and its wholly owned subsidiary, DigiTar, Inc. (the                  “Company”).  All significant intercompany balances have been                  eliminated in consolidation. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Reclassifications |
|--------|-------------------|

|   | Certain                  amounts in                  the prior year consolidated financial statements have been reclassified                  to                  conform with current year presentation.  The                  reclassifications made to the prior year have no impact on the                  net income                  (loss), or overall presentation of the consolidated financial statements |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| NOTE B                  – | Going                  Concern |
|--------------------------------------|--------------------------------|

|   | The                  Company’s consolidated financial statements have been presented on the                  basis that it is a going concern, which contemplates the realization                  of                  assets and the satisfaction of liabilities in the normal course                  of                  business. The Company has reported recurring losses from                  operations.  As a result, there is an accumulated deficit of                  $5,040,254 at November 30, 2007. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The                  Company’s continued existence is dependent upon its ability to raise                  capital or acquire a marketable company.  The financial                  statements do not include any adjustments that might be necessary                  should                  the Company be unable to continue as a going concern. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| GLOBAL                  WATAIRE INC. AND SUBSIDIARY |
|-----------------------------------------------------|

----

| NOTE C                    – | Recently                    Issued Accounting Standards |
|----------------------------------------|---------------------------------------------------------|

|   | In                    February 2006, the Financial Accounting Standards Board (“FASB”) issued                    Statement of Financial Accounting Standard (“SFAS”) No. 155, “Accounting                    for Certain Hybrid Financial Instruments – an amendment of FASB Statement                    No. 133 and 140” (“SFAS 155”).  SFAS 155 resolves issues                    addressed in Statement 133 Implementation Issue No. D1, “Application of                    Statement 133 to Beneficial Interest in Securitized Financial                    Assets.”  SFAS 155 is effective for all financial instruments                    acquired or issued after the beginning of the first fiscal year                    that                    begins after September 15, 2006.  As such, the Company is                    required to adopt these provisions at the beginning of the fiscal                    year                    ended August 31, 2008.  The Company is currently evaluating the                    impact of SFAS 155 on its consolidated financial instruments. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In                    March 2006, the FASB issued SFAS No. 156, “Accounting for Servicing of                    Financial Assets – an amendment of FASB Statement No. 140” (“SFAS                    156”).  SFAS 156 amends FASB Statement No. 140 with respect to                    the accounting for separately recognized servicing assets and                    servicing                    liabilities.  SFAS 156 requires all separately recognized                    servicing assets and servicing liabilities to be initially measured                    at                    fair value, if practical.  SFAS 156 is effective as of the                    beginning of the first fiscal year that begins after September                    15,                    2006.  As such, the Company is required to adopt these                    provisions at the beginning of the fiscal year ended August 31,                    2008.  The Company is currently evaluating the impact of SFAS                    156 on its consolidated financial statements. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In                    September 2006, the Financial Accounting Standards Board (“FASB”) issued                    Statement of Financial Accounting Standard (“SFAS”) No. 157, "Fair Value                    Measurements”.  SFAS 157 defines fair value, establishes a                    framework for measuring fair value, and expands disclosures about                    fair                    value measurements.  SFAS 157 is effective as of the beginning                    of the first fiscal year that begins after November 15,                    2007.  As such, the Company is required to adopt these                    provisions at the beginning of the fiscal year ended August,                    2008.  The Company is currently evaluating the impact of SFAS                    157 on its consolidated financial statements |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In February 2007,                the                Financial Accounting Standards Board (“FASB”) issued Statement of                Financial Accounting Standard (“SFAS”) No. 159, "The Fair Value Option for                Financial Assets and Financial Liabilities, including an amendment                of FASB                Statement No. 115”.  SFAS 159 permits entities to choose to                measure many financial instruments and certain other items at fair                value                at specified election dates.  This Statement applies to all                entities, including not-for-profit organizations.  SFAS 159 is                effective as of the beginning of an entity’s first fiscal year that begins                after November 15, 2007.  As such, the Company is required to                adopt these provisions at the beginning of the fiscal year ended                August,                2008.  The Company is currently evaluating the impact of SFAS                159 on its consolidated financial                statements |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| GLOBAL                  WATAIRE INC. AND SUBSIDIARY |
|-----------------------------------------------------|

----

| NOTE D                      – | Reorganization/Investment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                     | On                        July 27, 2006 an Asset Purchase Agreement and Plan of                        Reorganization was proposed by Global Wataire, Inc. and its                        wholly-owned                        subsidiary, Atlantic Seaboard, Inc. with DigiTar Wyoming,                        Inc.  DigiTar Wyoming was to sell to Atlantic substantially all                        of its assets in exchange for 49% of the issued and outstanding                        common                        stock of Atlantic and 10,000,000 shares of Atlantic’s voting convertible                        preferred stock.  Global was to retain a 30% investment in                        Atlantic once the transaction was                        finalized.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                     | The                      proposed Asset                      Purchase Agreement and Plan of Reorganization was never consummated.                      Certain key documents necessary to complete the purchase of                      DigiTar’s                      assets have not been agreed to by Global Wataire Inc., Atlantic                      Seaboard,                      Inc. and DigiTar Inc.  Consequently, Global Wataire Inc. and                      Atlantic Seaboard, Inc. have rescinded the transaction and                      cancelled the                      planned acquisition of DigiTar Inc.’s business as of June 28, 2007.                      Atlantic therefore remains a wholly-owned subsidiary of                      Global.    Global has also taken the 20,000,000 shares                      of common stock out of escrow that were being held for the                      benefit of                      DigiTar. Global Wataire, Inc., and its wholly-owned subsidiary,                      Atlantic                      Seaboard, Inc. are working to recover the monies advanced to                      DigiTar for                      working capital in the amount of $50,000. The Company believes                      their                      attempt to recover this loan will be futile and has therefore                      written off                      the $50,000 as a bad debt as of August 31,                      2007. |

|  NOTE E– | Stock                      Activity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                     | Regulation                      S                      Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                     | On                      January 26, 2007,                      the Company issued a press release announcing that they had                      launched                      a$5,000,000 equity offering on the Berlin Stock Exchange.  The                      company is offering for sale 10,000,000shares at a price of                      $0.50 per                      share and if completely subscribed will yield $5,000,000. This                      offering is                      on a best effort basis. As of November 30, 2007, 13,600,803                      shares had                      been issued of which 2,300,000 shares were issued in exchange for                      financial services rendered. Gross proceeds from the sale of                      stock were                      $2,769,794 less stock issuance costs of $1,681,294.  Net                      proceeds from the sale of stock were                      $1,088,500. |

----

----

----

|   | (a)    | Reports                on Form 8-K and Form                8K-A                                                                                                                                                                             |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                        |
|   |   | On                December 19, 2007 the Company                filed an 8K with the SEC regarding the Investment Agreement by and                between                the Company and Dutchess Private Equities Fund,                LTD. |
|   |   |                                                                                                                                                                                                                                        |
|   | (b)    | Exhibits                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                        |
|   |   | Exhibit                No.                                                                                                                                                                                                                  | Exhibit                Title |
|   |   |                                                                                                                                                                                                                                        |   |
|   |   | 31.1                                                                                                                                                                                                                                        | Certification                of Sydney A. Harland, Chief Executive Officer of Global Wataire,                Inc.,                pursuant to 18 U.S.C.  §1350, as adopted pursuant to §302 of the                Sarbanes-Oxley Act of 2002. |
|   |   | 31.2                                                                                                                                                                                                                                   | Certification                of Edmund J. Gorman, Chief Financial Officer of Global Wataire, Inc.,                pursuant to 18 U.S.C.  §1350, as adopted pursuant to §302 of the                Sarbanes-Oxley Act of 2002. |
|   |   | 32.1                                                                                                                                                                                                                                        | Certification                of Sydney A. Harland, Chief Executive Officer of Global Wataire,                Inc.,                pursuant to 18 U.S.C.  §1350, as adopted pursuant to §906 of the                Sarbanes-Oxley Act of 2002. |
|   |   | 32.2                                                                                                                                                                                                                                        | Certification                of Edmund J. Gorman, Chief Financial Officer of Global Wataire, Inc.,                pursuant to 18 U.S.C.  §1350, as adopted pursuant to §906 of the                Sarbanes-Oxley Act of 2002. |

----

SIGNATURES

| Signature                                                                           | Title                                                                        | Date                            |
|-------------------------------------------------------------------------------------|------------------------------------------------------------------------------|---------------------------------|
| /s/                Sydney A.                HarlandSydney                A. Harland | President,Chief                Executive Officerand                Director  | January                21, 2008 |
|                                                                                |                                                                         |                            |
| /s/                Edmund J.                GormanEdmund                J. Gorman   | Chief                Financial Officer,Secretary                and Director | January                21, 2008 |
|                                                                                |                                                                         |                            |
| /s/                Betty-Ann                HarlandBetty-Ann                Harland | Chairman                                                                     | January                21, 2008 |
|                                                                                |                                                                         |                            |
| /s/                Robert                GlassenRobert                Glassen       | Director                                                                     | January                21, 2008 |
|                                                                                |                                                                         |                            |
| /s/                Arthur N.                KellyArthur                N. Kelly     | Director                                                                     | January                21, 2008 |
|                                                                                |                                                                         |                            |
| /s/                Richard                ProulxRichard                Proulx       | Director                                                                     | January                21, 2008 |
|                                                                                     |                                                                              |                                 |