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 February 28, 2007.

[ ]  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 February 28, 2007, the
issuer had 12,724,553 shares of its common stock issued and 9,724,553 of its
common stock 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. . . . . . . . . . . . . . . . . . . . . .      1
     Item 1.  Financial Statements. . . . . . . . . . . . . . . . . . . .  F1-F7
     Item 2.  Management's Discussion and Analysis or Plan of Operations.      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
</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
                                FEBRUARY 28, 2007
                             ======================


                                        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 February 28, 2007 (Unaudited) and
  August 31, 2006                                                           F1

Statements of Operations for the Three and Six Months Ended
  February 28, 2007 and 2006 (Unaudited)                                    F2

Statements of Cash Flows for the Six Months Ended
  February 28, 2007 and 2006 (Unaudited)                                 F3 - F4

Notes to Condensed Financial Statements                                  F5 - F7
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(FORMERLY KNOWN AS INTERNATIONAL DEVELOPMENT CORP.)
(A NEVADA CORPORATION)
BUFFALO, NEW YORK
BALANCE SHEETS
===================================================================================================
                                                                        (UNAUDITED)
                                                                        FEBRUARY 28,    August 31,
                                                                            2007           2006
<S>                                                                    <C>             <C>
---------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents                                              $       3,090   $         -


OTHER ASSETS
Investment                                                                    65,618        65,618
Loan Receivable                                                               50,000            --
---------------------------------------------------------------------------------------------------

TOTAL ASSETS                                                           $     118,708   $    65,618
===================================================================================================


LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts Payable                                                       $     153,774   $   157,253
Accrued Expenses                                                               7,825        18,500
Due to Directors                                                             557,083       490,281
---------------------------------------------------------------------------------------------------

TOTAL LIABILITIES                                                            718,682       666,034
---------------------------------------------------------------------------------------------------


STOCKHOLDERS' DEFICIT
Common Stock :  $.001 Par; 800,000,000 Shares Authorized;
                12,724,553 and 483,404 Issued, 9,724,553 and 483,404
                Outstanding, respectively, 20,000,000 Shares Held in
                Escrow                                                        12,725           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;
              41,000 and 100,000 Issued and Outstanding, respectively             41           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                                                 2,956,440     2,738,300
Accumulated Deficit                                                       (3,567,180)   (3,340,300)
Treasury Stock - 3,000,000 shares at $.001 Par                                (3,000)            -
---------------------------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' DEFICIT                                                 (599,974)     (600,416)
---------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                            $     118,708   $    65,618
===================================================================================================
</TABLE>

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


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


STATEMENTS OF OPERATIONS (UNAUDITED)
=================================================================================================

                                                  THREE MONTHS ENDED         SIX MONTHS ENDED
                                                      FEBRUARY 28,             FEBRUARY 28,
                                               ------------------------  ------------------------
                                                  2007         2006         2007         2006
-------------------------------------------------------------------------------------------------
<S>                                            <C>          <C>          <C>          <C>

REVENUES, NET                                  $        -   $        -   $        -   $        -

Cost of Goods Sold                                      -            -            -            -

GROSS PROFIT                                            -            -            -            -
-------------------------------------------------------------------------------------------------

EXPENSES
Consulting Fees                                    55,000       58,000      110,000      116,000
General and Administrative                         58,834       56,819       93,110       93,039
Interest Expense                                   12,250        7,379       23,770       12,296
-------------------------------------------------------------------------------------------------

TOTAL EXPENSES                                    126,084      122,198      226,880      221,335
-------------------------------------------------------------------------------------------------

LOSS FROM OPERATIONS BEFORE
  PROVISION FOR TAXES                            (126,084)    (122,198)    (226,880)    (221,335)

Provision for Taxes                                     -            -            -            -
-------------------------------------------------------------------------------------------------

LOSS FROM OPERATIONS                             (126,084)    (122,198)    (226,880)    (221,335)

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

NET LOSS FOR THE PERIOD                        $ (126,084)  $ (122,198)  $ (226,880)  $  (26,593)
=================================================================================================

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING -
  BASIC AND DILUTED                             6,224,470      483,404    3,338,078      483,404

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED - CONTINUING OPERATIONS    $    (0.02)  $    (0.25)  $    (0.07)  $    (0.46)
  BASIC AND DILUTED - DISCONTINUED OPERATIONS  $    (0.00)  $    (0.00)  $    (0.00)  $      .41
=================================================================================================
</TABLE>

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


                                      F-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 Six Months Ended February 28,                  2007        2006
--------------------------------------------------------------------------
<S>                                                 <C>         <C>

CASH FLOWS FROM OPERATING ACTIVITIES

NET LOSS                                            $(226,880)  $ (26,593)

NON-CASH ADJUSTMENTS:
Gain on Sale of Net Assets of Subsidiary                    -    (194,742)
Interest on Directors/Stockholder Loans                23,770      12,296

CHANGES IN ASSETS AND LIABILITIES:
Accounts Payable                                       (3,479)     33,529
Accrued Expenses                                      (10,675)          -
--------------------------------------------------------------------------

NET CASH FLOWS FROM OPERATING ACTIVITIES             (217,264)   (175,510)
--------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES
Loan Advance                                          (50,000)          -
--------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES
Cash Proceeds from Issuance of Regulation S Shares    203,552          --
Advances from Directors                                66,802     175,438
--------------------------------------------------------------------------

NET CASH FLOWS FROM FINANCING ACTIVITIES              270,354     175,438
--------------------------------------------------------------------------

NET CHANGE IN CASH AND CASH EQUIVALENTS                 3,090         (72)

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

CASH AND CASH EQUIVALENTS - END OF PERIOD           $   3,090   $     122
==========================================================================
</TABLE>

                                  - continued -

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


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


STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED
==================================================================================

For the Six Months Ended February 28,                            2007      2006
----------------------------------------------------------------------------------
<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.


                                      F-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 -  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 $3,567,180 at February
          28,  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.

NOTE C -  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.

                                 - continued -


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


NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
================================================================================

NOTE C -  RECENTLY ISSUED ACCOUNTING STANDARDS - CONTINUED
          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

NOTE D -  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 lost control of its subsidiary ("Atlantic") and
          therefore  the  financials  are 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.

          The  Asset  Purchase  Agreement  and  Plan  of Reorganization executed
          on  July  27,  2006  by  Global  Wataire,  Inc.  and  its wholly-owned
          subsidiary, Atlantic Seaboard, Inc. with DigiTar Inc.; as noted above,
          has  not been consummated. Certain key documents necessary to complete
          the  purchase  of  DigiTar's  assets have not been agreed to by Global
          Wataire,  Inc.,  its  wholly-owned subsidiary, Atlantic Seaboard, Inc.
          and  DigiTar Inc. If the parties cannot resolve their disagreements in
          the  near  future,  the planned acquisition of DigiTar's business will
          have  to  be rescinded. If the agreement is rescinded, Global Wataire,
          Inc.,  and  its  wholly-owned subsidiary, Atlantic Seaboard, Inc. will
          seek  to  recover  the  monies advanced to DigiTar for working capital
          which  to  date  is  approximately  $50,000.


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


NOTES  TO  CONDENSED  FINANCIAL  STATEMENTS
================================================================================

NOTE E -  LOAN RECEIVABLE
          During  the  period  ended  February  28,  2007,  the company advanced
          Digitar  Inc.  $50,000  for  working capital. There are no established
          repayment  terms.


NOTE F -  SHARE ACTIVITY
          CONVERSION  OF  PREFERRED  SHARES  TO  COMMON  STOCK
          During  the  period  ended  February  28,  2007,  Betty-Ann  Harland
          converted  29,500  shares  of  Class  A Preferred Stock into 5,900,000
          Shares  of  Common  Stock.  Additionally,  other  stockholders  of the
          Company  also  converted  4,500 shares of Class A Preferred Stock into
          900,000 Shares Common Stock during the period ended February 28, 2007.

          REGULATION  S  SHARES
          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 11,600,000
          shares at a price of $0.50 per share and if completely subscribed will
          yield  $5,000,000.  As of February 28, 2007, 1,239,982 shares had been
          sold  and  1,000,000  shares issued in exchange for financial services
          rendered.  Gross  proceeds  from  the  sale of stock was $496,596 less
          stock  issuance  costs  of  $293,044. Net proceeds to the Company were
          $203,552.

          TREASURY  STOCK
          During  the  period  ended  February  28,  2007  the  company acquired
          3,000,000  Common  Shares and placed them into treasury at a par value
          of  $.001.


                                      F-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 AND SIX MONTHS ENDED FEBRUARY 28, 2007 (FISCAL 2007) COMPARED TO THE THREE
AND  SIX  MONTHS  ENDED  FEBRUARY  28,  2006  (FISCAL  2006)

COMPARISON  OF  CONSOLIDATED  RESULTS  OF  OPERATION

     For  the  three  months ended February 28, 2007 and 2006 the company had no
sales.  Net  loss  for  the  three  months  ended February 28, 2007 was $126,084
compared  to net loss of $ 122,198 for the three months ended February 28, 2006.

     Expenses  have  increased  by  $3,886  for  the  second three months of our
current  fiscal  year  from  $122,198  for  the  three  months  ended  February
28,  2006  to  $126,084  for  the  three  months  ended  February  28, 2007. The
increase  can  be  attributed to a decrease in consulting fees of $3,000, and an
increase  in  general  and  administrative  expenses  of  $2,015. An increase in
interest  expense of $4,871 is  due  to  the  company  having  no  revenues,  as
cash  flow  of  the  company  is  dependent on the Directors and the proceeds of
common  stock  sales  from  the  Company's  Reg.  S  stock  offering  in Europe.

     For  the  six  months  ended  February 28, 2007 and 2006 the company had no
sales.  Net  loss  for  the  six  months  ended  February  28, 2007 was $226,880
compared  to  net  loss  of $ 26,593 for the six months ended February 28, 2006.

     Expenses  have  increased by $5,545 for the first six months of our current
fiscal  year  from  $221,335  for  the  six  months  ended  February 28, 2006 to
$226,880  for  the  six  months  ended  February  28,  2007. The increase can be
attributed  to  a  decrease  in  consulting  fees  of $6,000, and an increase in
general  and  administrative expenses of $71. An increase in interest expense of
$11,474  is  due  to  the  company  having  no  revenues,  therefore  due  to
Directors  has increased  $66,802  as  cash  flow of the company is dependent on
the  Directors  and the proceeds of common stock sales from the Company's Reg. S
stock  offering  in  Europe.  During  the  period  ended  February  28,
   The accompanying notes are an integral part of these financial statements.


                                        2
<PAGE>
2006,  the  Company  finalized  the  sale  of  the assets and liabilities of its
subsidiary,  Freshwater  Technologies,  Inc.  resulting  in a gain of $ 194,742.

LIQUIDITY  AND  CAPITAL  RESOURCES

     Our  operations  generated  no  cash  for the six months ended February 28,
2007.  All  payments  of expenses or accounts payable were paid by our Directors
on  behalf  of  the  Company  and  from the proceeds of the sale of common stock
pursuant  from  the  Company's  Regulation  S  common  stock  offering.

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

     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 an
investment  in  DigiTar, the Company, on 17 March 2007, entered in to consulting
agreements  with  American  Resources  Corporation  and  United  States  Gold
Corporation,  both  of Sandy, Utah to provide management and consulting services
to  facilitate  the business plans of these two companies and to develop funding
alternatives  to meet their short-term and long-term needs. Also in keeping with
this  strategy,  the  Company  is  continuing  due  diligence on other promising
companies  in  commercial  real  estate.

     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.


                                        3
<PAGE>
     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  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 pursuant 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.

                                      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:  April 23, 2007.

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


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


                                        6