U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

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

        For the quarterly period ended November 30, 2006.

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

                        COMMISSION FILE NUMBER: 000-31343

                              GLOBAL WATAIRE, INC.
                 (Name of small business issuer in its charter)

                  NEVADA                                    36-4567500
     (State or other jurisdiction of                     (I.R.S. Employer
      incorporation or organization)                    Identification No.)

      534 DELAWARE AVENUE, SUITE 412                          14202
             BUFFALO, NEW YORK                              (Zip Code)
 (Address of principal executive offices)

                                 (910) 616-0077
                           (Issuer's telephone number)

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

     State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:  As of November 30, 2006, the
issuer had 483,404 shares of its common stock issued and outstanding.

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

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


<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS


<S>                                                                          <C>
PART I - FINANCIAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . .    F1
   Item 1.  Financial Statements . . . . . . . . . . . . . . . . . . . . . . . F1-F7
   Item 2.  Management's Discussion and Analysis, and Plan of Operation. . . .     2
   Item 3.  Controls and Procedures. . . . . . . . . . . . . . . . . . . . . .     3
PART II - OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . . . .     5
   Item 1.  Legal Proceedings. . . . . . . . . . . . . . . . . . . . . . . . .     5
   Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds. . . .     5
   Item 3.  Defaults Upon Senior Securities. . . . . . . . . . . . . . . . . .     5
   Item 4.  Submission of Matters to a Vote of Security Holders. . . . . . . .     5
   Item 5.  Other Information. . . . . . . . . . . . . . . . . . . . . . . . .     5
   Item 6.  Exhibits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     6
SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     6
</TABLE>


                                        i
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM  1.   FINANCIAL  STATEMENTS.

                               GLOBAL WATAIRE INC.
               (FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
                             (A NEVADA CORPORATION)
                                BUFFALO, NEW YORK

                             ----------------------
                                FINANCIAL REPORTS
                                       AT
                                NOVEMBER 30, 2006
                             ======================


                                        1
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


TABLE OF CONTENTS
================================================================================


<S>                                                       <C>
Balance Sheets at November 30, 2006 (Unaudited) and
  August 31, 2006                                            1

Statements of Operations for the Three Months Ended
  November 30, 2006 and 2005 (Unaudited)                     2

Statements of Cash Flows for the Three Months Ended
  November 30, 2006 and 2005 (Unaudited)                   3-4

Notes to Condensed Financial Statements                    5-7
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


BALANCE SHEETS
=====================================================================================================
                                                                          (UNAUDITED)
                                                                          NOVEMBER 30,    August 31,
                                                                              2006           2006
-----------------------------------------------------------------------------------------------------
<S>                                                                      <C>             <C>
ASSETS
CURRENT ASSETS                                                           $           -   $         -

OTHER ASSETS
Investment                                                                      65,618        65,618
-----------------------------------------------------------------------------------------------------

TOTAL ASSETS                                                             $      65,618   $    65,618
=====================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Bank Overdraft                                                           $          42   $         -
Accounts Payable                                                               178,751       157,253
Accrued Expenses                                                                13,500        18,500
Due to Directors                                                               563,017       490,281
-----------------------------------------------------------------------------------------------------

TOTAL LIABILITIES                                                              755,310       666,034
-----------------------------------------------------------------------------------------------------
STOCKHOLDERS' DEFICIT
Common Stock :   $.001 Par; 800,000,000 Shares Authorized;
                 483,404 Issued and Outstanding, 20,000,000
                 Shares Held in Escrow                                             484           484

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; 100,000 Issued and Outstanding                        100           100

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                                                   2,749,820     2,738,300
Accumulated Deficit                                                         (3,441,096)   (3,340,300)
-----------------------------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' DEFICIT                                                   (689,692)     (600,416)
-----------------------------------------------------------------------------------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                              $      65,618   $    65,618
=====================================================================================================
</TABLE>

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


                                     -1-
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


STATEMENTS OF OPERATIONS
=====================================================================
                                                     Unaudited
For the Three Months Ended November 30,           2006        2005
---------------------------------------------------------------------
<S>                                            <C>          <C>
REVENUES, NET                                  $        -   $      -

Cost of Goods Sold                                      -          -
---------------------------------------------------------------------

GROSS PROFIT                                            -          -

EXPENSES
Consulting Fees                                    55,000     58,000
General and Administrative                         34,276     36,220
Interest Expense                                   11,520      4,917
---------------------------------------------------------------------

TOTAL EXPENSES                                    100,796     99,137

LOSS FROM OPERATIONS BEFORE
  PROVISION FOR TAXES                            (100,796)   (99,137)

Provision for Taxes                                     -          -

LOSS FROM OPERATIONS                             (100,796)   (99,137)

DISCONTINUED OPERATIONS
Loss from Discontinued Operations                       -          -

Gain from Sale of Net Assets of
  Subsidiary, Net of Taxes                              -    194,742
---------------------------------------------------------------------

NET INCOME (LOSS) FOR THE PERIOD               $ (100,796)  $ 95,605

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING -
  BASIC AND DILUTED                               483,404    483,404

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED - CONTINUING OPERATIONS    $    (0.21)  $  (0.21)
=====================================================================
  BASIC AND DILUTED - DISCONTINUED OPERATIONS  $     0.00   $   0.40
=====================================================================
</TABLE>

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


                                     -2-
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


STATEMENTS OF CASH FLOWS
=========================================================================
                                                        Unaudited
For the Three Months Ended November 30,              2006         2005
-------------------------------------------------------------------------
<S>                                               <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES

NET INCOME (LOSS)                                 $ (100,796)  $  95,605

NON-CASH ADJUSTMENTS:
Gain on Sale of Net Assets of Subsidiary                   -    (194,742)
Interest on Directors/Stockholder Loans               11,520       4,917

CHANGES IN ASSETS AND LIABILITIES:
Accounts Payable                                      21,540      (9,926)
Accrued Expenses                                      (5,000)          -
-------------------------------------------------------------------------

NET CASH FLOWS FROM OPERATING ACTIVITIES             (72,736)   (104,146)
-------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES                       -           -
-------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from Directors                               72,736     104,012
-------------------------------------------------------------------------

NET CHANGE IN CASH AND CASH EQUIVALENTS                    -        (134)

Cash and Cash Equivalents - Beginning of Period            -         194
-------------------------------------------------------------------------

CASH AND CASH EQUIVALENTS - END OF PERIOD         $        -   $      60
=========================================================================
</TABLE>
                                              - continued -

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


                                     -3-
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


STATEMENTS OF CASH FLOWS- CONTINUED
=======================================================================================
                                                                       Unaudited
For the Three Months Ended November 30,                             2006        2005
---------------------------------------------------------------------------------------
<S>                                                              <C>         <C>

SUPPLEMENTAL DISCLOSURES
=======================================================================================

Interest Paid                                                    $        -  $       -
Income Taxes Paid                                                $        -  $       -
=======================================================================================

NON-CASH INVESTING AND FINANCING ACTIVITIES
=======================================================================================

ACQUISITION OF MARKETING RIGHTS VIA ISSUANCE OF PREFERRED STOCK  $        -  $  15,000

ASSETS AND LIABILITIES TRANSFERRED TO RELATED PARTIES IN
  CONNECTION WITH SALE OF NET ASSETS OF SUBSIDIARY:
Accounts Receivable                                              $        -  $  15,678
Inventory                                                        $        -  $ 190,830
Accounts Payable                                                 $        -  $ (15,457)
Deferred Revenue                                                 $        -  $  (7,037)
Due to Directors                                                 $        -  $(173,333)
Due to Stockholder                                               $        -  $(145,212)

SALE OF NET ASSETS OF SUBSIDIARY PAID VIA FORGIVENESS OF
  LIABILITIES:
Due to Directors                                                 $        -  $ (32,483)
Due to Stockholder                                               $        -  $ (27,728)
=======================================================================================
</TABLE>

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


                                     -4-
<PAGE>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK

NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
--------------------------------------------------------------------------------


NOTE  A  -BASIS  OF  PRESENTATION
          The  condensed  financial  statements  of  Global  Wataire,  Inc. (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  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  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.

NOTE  B  -DISCONTINUED  OPERATIONS
          On  January  6,  2006,  the  Board  of  Directors  approved  the Asset
          Sales  Agreement  between  the  Company  and  Max  Weissengruber,  the
          Company's  Chief  Operations  Officer,  and  D.  Brian  Robertson, the
          Company's  former  Chief  Financial Officer. The Asset Sales Agreement
          replaces  the  Stock  Purchase  Agreement  that  had  been  previously
          approved  on  September  29,  2005,  but was subsequently rescinded on
          January  6,  2006. The Company sold 100% of the assets and liabilities
          of  FreshWater  Technologies,  Inc.  to  Mr.  Weissengruber  and  Mr.
          Robertson  for  a  total purchase price of $60,211. The purchase price
          was  paid  through  the forgiveness of debts owed to Mr. Weissengruber
          and  Mr.  Robertson  by  the  Company.  The  fair  market value of the
          liabilities  of  FreshWater  Technologies,  Inc.  being assumed by Mr.
          Weissengruber  and  Mr.  Robertson exceed the assets being sold to Mr.
          Weissengruber and Mr. Robertson by $134,531. As a result of this sale,
          the  Company  has  no  revenue  generating  operations  at  this time.

NOTE  C  -MARKETING RIGHTS
          On  October  12,  2005,  the  Company  entered  into  an  Exclusive
          Licensing Agreement with Wataire Industries, Inc., an unrelated party,
          for  the  exclusive  right to distribute and sell the technology-based
          water generation and purification products of Wataire Industries, Inc.
          in  the  United  States  of  America,  for  an  indefinite  period. In
          consideration of the Exclusive Licensing Agreement, the Company issued
          15,000,000  shares  of  Preferred  Stock,  Class C, valued at $15,000.

          On  June  27,  2006,  the  Company  announced  that  it had terminated
          the  Marketing  Rights/Exclusive  License  Agreement  with  Wataire
          Industries,  Inc.,  that was executed on October 12, 2005. The license
          granted  an  exclusive license for the entire United States of America
          covering  certain  processes and products relating to technology based
          water  generation and purification. The license granted in October was
          subsequently expanded by agreement of the parties to be worldwide. The
          license  agreement was perpetual, non-revocable, and assignable by the
          Company.

          In  connection  with  the  termination  of  the license agreement, the
          Company decided to terminate its relationship with Wataire Industries,
          Inc.,  and  cancel  the issuance of 15,000,000 shares of the Company's
          Class  C  preferred stock and 25,000 shares of Class A preferred stock
          that  had  been  issued  to Phil Fraser and William Robertson by Betty
          Harland  in  exchange  for  the  license  agreement.


                                     -5-
<PAGE>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
--------------------------------------------------------------------------------


NOTE  D  -GOING  CONCERN
          The  Company's  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 $3,441,096 at November
          30,  2006.

          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.

NOTE  E  -RECENTLY  ISSUED  ACCOUNTING  STANDARDS
          In  December  2004,  the  FASB  issued  SFAS  No.  123R, "Share- Based
          Payment"  ("SFAS  123R").  SFASR  revises  FASB  Statement  No.  123
          "Accounting  for  Stock-Based Compensation: and supersedes APB Opinion
          No.  25 "Accounting for Stock Issued to Employees". SFAS 123R requires
          all  public  and  non-public  companies  to  measure  and  recognize
          compensation  expense  for  all  stock-based  payments  for  services
          received  at  the grant-date fair value, with the cost recognized over
          the  vesting  period  (or  the requisite service period). SFAS 123R is
          effective  for  small  business issuers for the fiscal years beginning
          after  December  15,  2005.  As such, the Company is required to adopt
          these  provisions at the beginning of the fiscal year ended August 31,
          2007.  The  Company  has  elected  early  adoption of SGAS 123R to the
          beginning  of  the  fiscal  year  ended  August  31,  2005.

          In  March  2005,  the  SEC  issued  Staff  Accounting Bulletin No. 107
          ("SAB  107"), to provide further guidance regarding the interaction of
          the  provisions  of  SFAS  123R and certain SEC rules and regulations.

          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.


                                     -6-
<PAGE>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
--------------------------------------------------------------------------------


NOTE  L  -REORGANIZATION/INVESTMENT
          On  July  27,  2006  an  Asset  Purchase  Agreement  and  Plan  of
          Reorganization  was  executed  by  Global  Wataire,  Inc.  and  its
          wholly-owned  subsidiary,  Atlantic  Seaboard,  Inc. with DigiTar Inc.
          DigiTar  sold  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 has effectively loss control of its subsidiary ("Atlantic") and
          the  financials  are  therefore no longer consolidated. However, a 30%
          investment  of  Atlantic  has been recorded as an equity investment of
          Global  at  August  31,  2006  at  the  value  of  $65,618.

          20,000,000  shares  of  common  stock  of  the  Company are being held
          in  escrow,  for  the benefit of Digitar for a period of one year from
          the date of the Asset Purchase Agreement at which time Global's shares
          would  pass  free of escrow to Digitar. However, if, before the end of
          that  one year period, Atlantic completes an effective filing with the
          U.S.  Securities  and  Exchange Commission to do an IPO, the shares of
          Global  held  in escrow will automatically revert back to Global under
          the  terms  of  a  separate  Escrow  Agreement.


                                     -7-
<PAGE>
ITEM  2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATIONS.

FORWARD-LOOKING INFORMATION

     Much of the discussion in this Item is "forward looking." Actual operations
and  results  may  materially  differ  from present plans and projections due to
changes  in  economic  conditions,  new business opportunities, changed business
conditions,  and  other  developments. Other factors that could cause results to
differ  materially are described in our filings with the Securities and Exchange
Commission.

     The  following  are  factors  that  could cause actual results or events to
differ  materially  from  those anticipated, and include, but are not limited to
general  economic,  financial and business conditions, changes in and compliance
with  governmental  laws  and  regulations,  including various state and federal
environmental  regulations,  our  ability  to  obtain  additional financing from
outside investors and/or bank and mezzanine lenders; and our ability to generate
sufficient  revenues  to  cover  operating  losses  and  position  us to achieve
positive  cash  flow.

     Readers  are  cautioned  not to place undue reliance on the forward-looking
statements  contained herein, which speak only as of the date hereof. We believe
the  information  contained  in  this  Form 10-QSB to be accurate as of the date
hereof.  Changes  may occur after that date. We will not update that information
except  as  required  by  law  in  the  normal  course  of its public disclosure
practices.

     Additionally,  the  following  discussion regarding our financial condition
and  results  of  operations  should  be  read in conjunction with the financial
statements  and related notes contained in Item 1 of Part I of this Form 10-QSB,
as  well as the financial statements in Item 7 of Part II of our Form 10-KSB for
the  fiscal  year  ended  August  31,  2006.

RESULTS OF OPERATIONS

THREE MONTHS ENDED NOVEMBER 30, 2006 (FISCAL 2007) COMPARED TO THE THREE MONTHS
ENDED NOVEMBER 30, 2005 (FISCAL 2006).

     COMPARISON OF CONSOLIDATED RESULTS OF OPERATION.

     For  the  three  months ended November 30, 2006 and 2005 the company had no
sales.  Net  loss  for  the  three  months  ended November 30, 2006 was $100,796
compared  to net income of $ 95,605 for the three months ended November 30, 2005
as  a direct result of the sale of our subsidiary, Freshwater Technologies, Inc.

     During  the three months ended November 30, 2005, the company finalized the
sale  of assets and liabilities of our subsidiary, Freshwater Technologies, Inc.
to Max Weissengruber, and D. Brian Robertson, (previous chief operations officer
and  chief  financial officer, respectively). The sale resulted in a gain on the
sale  of  the  assets and liabilites of Freshwater Technologies, Inc. during the
three  months  ended  November  30,  2005  of  $194,742.

     Expenses have increased by $1,659 for the first three months of our current
fiscal  year  from  $99,137  for  the  three  months  ended November 30, 2005 to
$100,796  for  the  three  months  ended  November 30, 2006. The increase can be
attributed to a decrease in consulting fees of $3,000, and a decrease in general
and administrative expenses of $1,944. An increase in interest expense of $6,603
is  due  to  the  company  having  no  revenues,  therefore due to Directors has
increased  $72,736  as  cash  flow of the company is dependent on the Directors.

LIQUIDITY AND CAPITAL RESOURCES

     Our operations generated no cash for the three months ended November 30,
2006.  All payments of expenses or accounts payable were paid by our Directors
on behalf of the Company as we have no means to derive  cash flow.

     We estimate our business operational expenses during the next 12 month will
be approximately $2.5 million.


                                        2
<PAGE>
     As  discussed  by  our  accountants  in  the unaudited financial statements
included  in  Item  1  of  Part  I  of this Quarterly Report on Form 10-QSB, our
revenues  are  currently  insufficient  to  cover  our  costs  and  expenses.

     Directors  and  shareholders  continue  to  provide  us the funds needed to
continue  our  development  and  operations. To the extent our revenue shortfall
exceeds  the  willingness  and ability of our directors and shareholders and the
selling  of  our shares to continue providing us the funds needed, we anticipate
raising  any  necessary  capital  from  outside  investors  coupled with bank or
mezzanine  lenders.  As of the date of this report, we have not entered into any
negotiations  with  any  third  parties  to  provide  such  capital.

     We  anticipate  that  our  current  financing  strategy  of  private  debt,
including  additional  funds  from  our directors and existing shareholders, and
equity  offerings  will  meet our anticipated objectives and business operations
for  the  next 12 months. Subject to our ability to obtain adequate financing at
the  applicable  time, we may enter into definitive agreements on one or more of
those  opportunities.

RECENT DEVELOPMENTS

     Recent  developments  are  as  follows:

     The  Company  continues  to  pursue  its new business strategy of providing
advisory  and  transactional  services to help high potential emerging companies
develop and implement the strategies they need to obtain the capital required to
be  successful  and to continue into the future as equity partners and strategic
advisors with those companies. We would expect to derive revenue from consulting
and  transactional  fees charged our clients and outside investors. However, our
principal  source of revenue is expected from returns on the equity we retain in
our  client  companies  once they obtain adequate funding, either in the form of
share  appreciation or profit sharing agreements or both, as the case may be. As
part of this new strategy, in addition to the recent acquisition of DigiTar, the
Company  started due diligence on other prospective clients that appear to offer
strong  business  potential  in  the  precious  metals  and  commercial  storage
businesses.

     At  a special June 27, 2006 the Board of Directors approved the appointment
of  Online  Stock  Transfer  Corporation  as  the  Registrant's  Transfer agent.

     OUR  INDEPENDENT  CERTIFIED  PUBLIC ACCOUNTANTS HAVE STATED IN THEIR REPORT
INCLUDED  IN  OUR  AUGUST  31, 2006 FORM 10-KSB, THAT WE HAVE INCURRED OPERATING
LOSSES  IN  THE  LAST  TWO  YEARS,  AND  THAT WE ARE DEPENDENT UPON MANAGEMENT'S
ABILITY  TO  DEVELOP PROFITABLE OPERATIONS. THESE FACTORS AMONG OTHERS MAY RAISE
SUBSTANTIAL  DOUBT  ABOUT  OUR  ABILITY  TO  CONTINUE  AS  A  GOING  CONCERN.

OFF-BALANCE  SHEET  ARRANGEMENT

     None.

ITEM  3.   CONTROLS  AND  PROCEDURES.

     The  term  disclosure  controls  and  procedures  means  controls and other
procedures of an issuer that are designed to ensure that information required to
be  disclosed  by  the  issuer in the reports that it files or submits under the
Exchange  Act  (15  U.S.C.  78a, et seq.) is recorded, processed, summarized and
reported, within the time periods specified in the Commission's rules and forms.
Disclosure  controls  and  procedures  include, without limitation, controls and
procedures  designed  to  ensure that information required to be disclosed by an
issuer  in  the  reports  that  it  files  or  submits under the Exchange Act is
accumulated and communicated to the issuer's management, including its principal
executive  and  principal  financial  officers,  or  persons  performing similar
functions,  as  appropriate  to  allow  timely  decisions  regarding  required
disclosure.

     The  term internal control over financial reporting is defined as a process
designed  by,  or under the supervision of, the issuer's principal executive and
principal  financial  officers,  or  persons  performing  similar functions, and
effected  by the issuer's board of directors, management and other personnel, to
provide  reasonable


                                        3
<PAGE>
assurance  regarding  the reliability of financial reporting and the preparation
of  financial  statements  for  external  purposes  in accordance with generally
accepted  accounting principles and includes those policies and procedures that:

-    Pertain  to the maintenance of records that in reasonable detail accurately
     and  fairly  reflect the transactions and dispositions of the assets of the
     issuer;

-    Provide reasonable assurance that transactions are recorded as necessary to
     permit  preparation  of  financial  statements in accordance with generally
     accepted  accounting  principles, and that receipts and expenditures of the
     issuer  are being made only in accordance with authorizations of management
     and  directors  of  the  issuer;  and

-    Provide  reasonable  assurance  regarding prevention or timely detection of
     unauthorized  acquisition,  use  or disposition of the issuer's assets that
     could  have  a  material  effect  on  the  financial  statements.

     Evaluation  of  Disclosure  and  Controls and Procedures. We carried out an
evaluation,  under the supervision and with the participation of our management,
including  our  chief  executive  officer  and  chief  financial officer, of the
effectiveness  of  the  design  and  operation  of  our  disclosure controls and
procedures  as  of  the end of the period covered by this report. The evaluation
was  undertaken  in  consultation  with  our accounting personnel. Based on that
evaluation,  our  chief  executive officer and chief financial officer concluded
that  our  disclosure  controls and procedures are currently effective to ensure
that  information  required to be disclosed by us in the reports that we file or
submit  under  the  Exchange Act is recorded, processed, summarized and reported
within  the  time  periods specified in the SEC's rules and forms. As we develop
new business or if we engage in an extraordinary transaction, we will review our
disclosure  controls  and  procedures  and  make sure that they remain adequate.

     Changes  in  Internal  Controls  Over  Financial  Reporting.  There were no
changes  in  the  internal  controls  over our financial reporting that occurred
during  the  period covered by this report that have materially affected, or are
reasonably  likely  to  materially  affect,  our internal control over financial
reporting.


                                        4
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS.

     None.

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

     None.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.

     None.

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

     None.

ITEM 5.   OTHER INFORMATION.

    None.


                                        5
<PAGE>
ITEM 6.   EXHIBITS.

<TABLE>
<CAPTION>
EXHIBIT NO.                                       IDENTIFICATION OF EXHIBIT
-----------  ---------------------------------------------------------------------------------------------------
<S>          <C>
31.1*        Certification of Sydney A. Harland, Chief Executive Officer of Global Wataire, Inc., pursuant to 18
             U.S.C. Sec.1350, as adopted pulrsuant to Sec.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. Sec.1350, as adopted pursuant to Sec.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. Sec.1350, as adopted pursuant to Sec.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. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.
</TABLE>

__________
*   Filed herewith.
** Previously filed.

                                   SIGNATURES

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

                                        GLOBAL WATAIRE, INC.

Dated:  January 17, 2007.

                                        By  /s/ Sydney A. Harland
                                           -------------------------------------
                                           Sydney A. Harland, Chief Executive
                                           Officer

                                        By  /s/Edmund J. Gorman
                                           -------------------------------------
                                           Edmund J. Gorman, Chief Financial
                                           Officer


                                        6