SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                               FORM 10-Q
(Mark One)

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

      For the quarterly period ended September 30, 2008

                OR

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

       For the transition period from        to


       Commission file number 0-31383


                     BELLOWS ACQUISITION CORPORATION
           (Exact name of registrant as specified in its charter)

            Delaware                             52-2257543
    (State or other jurisdiction of           (I.R.S. Employer
     incorporation or organization)          Identification No.)

           c/o Empire Advisory, 152 West 57th Street, 27th Floor,
                         New York, New York 10019
           (Address of principal executive offices)  (zip code)

                             212/247-4447
          (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 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

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

   Large accelerated filer         Accelerated Filer
   Non-accelerated filer          Smaller reporting company  X
   (do not check if a smaller reporting company)


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

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.


         Class                     Outstanding at September 30, 2008

Common Stock, par value $0.0001                 2,500,000

Documents incorporated by reference:            None


<PAGE>
                   PART I  -- FINANCIAL INFORMATION


                 BELLOWS ACQUISITION CORPORATION
                  (A DEVELOPMENT STAGE COMPANY)
                      CONDENSED BALANCE SHEET
                     AS OF September 30, 2008
                      -----------------------
                             ASSETS
                             ------
                                       As of             As of
                                   Sept. 30, 2008     Dec. 31, 2007
                                     (Unaudited)

   Cash                               $  250             $  100
                                      ------             ------
   TOTAL ASSETS                       $  250             $  100
                                      ------             ------



        LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIENCY)
        -------------------------------------------------


   LIABILITIES

   Accrued expenses                   $2,500                --
                                      ------             ------

   TOTAL LIABILITIES                   2,500                --
                                      ------             ------


   STOCKHOLDER'S EQUITY (DEFICIENCY)

   Preferred Stock, $.0001 par value,
    20,000,000 shares authorized,
    none issued and outstanding           -                  -

   Common Stock, $.0001 par value,
    100,000,000 shares authorized,
    2,500,000 issued and outstanding     250                100


   Additional paid-in capital          2,095              2,095

   Deficit accumulated during
       development stage              (4,595)            (2,095)
                                     --------            -------
    Total Stockholder's Equity
       (deficiency)                   (2,250)               100
                                     --------            -------
   TOTAL LIABILITIES AND
     STOCKHOLDER'S EQUITY            $   250             $  100
       (DEFICIENCY)                  ========            =======



          See accompanying notes to condensed financial statements
                                    2

<PAGE>

                     BELLOWS ACQUISITION CORPORATION
                      (A DEVELOPMENT STAGE COMPANY)
                   CONDENSED STATEMENTS OF OPERATIONS
                             (Unaudited)
                       -----------------------
<TABLE>
<CAPTION>

	            	For the  	For the		For the	    For the    	March 24,
        	     	3-Months	3-Months	9-Months    9-Months   	1999
             		Ended		Ended   	Ended	    Ended	(Inception)
             		Sept. 30, 	Sept. 30,	Sept 30,    Sept 30, 	to Sept 30,
             		2008            2007        	2008	    2007	2008

<S>          	       <C>         	<C>        	<C>	    <C>		<C>
Income       		$  -        	$  -       	$  -	    $   -	$  -


Expenses
 Professional Fees	    -		   -		  2,500          780	    4,060
 Organization
    expense        	    -		   -	       	     -		  -	      535
                       ------- 		-------  	  ------      -------	  -------

   Total expenses           -              -       	   2,500         780	    4,595
                       ------- 		-------  	  ------      -------	  -------

NET LOSS                    -              -       	  (2,500)       (780)	   (4,595)
=========              =======          =======		  =======     =======	   =======

Basic and diluted--
loss per share         $   -             $ -             $  -         $   -      $   -
                       ========         ========         =======      =======    =======

Weighted average
number of shares
outstanding;
basic and diluted      2,500,000	2,500,000       2,500,000    2,500,000   2,500,000
                       =========	=========       =========    =========   =========


</TABLE>

                See accompanying notes to condensed financial statements
                                       3
<PAGE>




                       BELLOWS ACQUISITION CORPORATION
                         (A DEVELOPMENT STAGE COMPANY)
            STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY (DEFICIENCY)
                FOR THE PERIOD FROM MARCH 24, 1999 (INCEPTION)
                          THROUGH SEPTEMBER 30, 2008
                                  (Unaudited)
                              --------------------
<TABLE>
<CAPTION>
                                                                 Deficit
                                                                 Accumulated
                                                   Additional   During
                            Common Stock Issued    Paid-In      Development
                            Shares      Amount     Capital      Stage        Total
-----------                 ------        -----    ------       --------     --------
<S>                         <C>          <C>       <C>          <C>          <C>
Common Stock Issuance       2,500,000    $ 250      $  -         $  -        $   250
Fair value of expenses
 contributed                   -           -         2,095          -          2,095

Net loss for the years ended:
 December 31, 1999             -           -          -           (535)         (535)
 December 31, 2000             -           -          -             -             -
 December 31, 2001             -           -          -             -             -
 December 31, 2002             -           -          -             -             -
 December 31, 2003             -           -          -             -             -
 December 31, 2004             -           -          -             -             -
 December 31, 2005             -           -          -             -             -
 December 31, 2006             -           -          -           (780)         (780)
 December 31, 2007             -           -          -           (780)         (780)
 Net loss for nine
   months ended
   Sept.30, 2008                                                 (2,500)      (2,500)

-----------                 ------       -----      ------      -------      --------
BALANCE AS OF
  Sept. 30, 2008           2,500,000     $250      $2,095       $(4,595)     $(2,250)
============               =========     =====     =======      ========     ========
</TABLE>

                  See accompanying notes to condensed financial statements
                                                     4

<PAGE>
<TABLE>
<CAPTION>
                           BELLOWS ACQUISITION CORPORATION
                            (A DEVELOPMENT STAGE COMPANY)
                               STATEMENTS OF CASH FLOWS
                                       (Unaudited)
                              ------------------------


                               For the Nine       For the Nine        March 24, 1999
                               Months Ended       Months Ended        (Inception) to
                               Sept 30, 2008      Sept 30, 2007       Sept 30, 2008
                              -----------         -----------         ------------
<S>                            <C>                <C>                 <C>

CASH FLOWS FROM OPERATING
   ACTIVITIES:

Net loss                        $(2,500)            $ (780)             $  (4,595)
Adjustment to reconcile
 net loss to net cash used by
 operating activities

Accrued expenses                  2,500                780                  2,500

Contributed expenses                 -                  -                   2,095
                                -------              ------               --------
 Net Cash Used In Operating
       Activities                    -                  -                    -
                                -------              ------               --------
CASH FLOWS FROM
   INVESTING ACTIVITIES              -                  -                    -
                                -------              ------               --------
CASH FLOWS FROM
   FINANCING ACTIVITIES:

 Cash paid for redemption
       of common stock             (50)                  -                   (50)
 Proceeds from issuance of
      common stock                 200                   -                   300
                                -------              -------              --------
     Net Cash Provided By Financing
       Activities                  150                   -                   250
                                -------              -------               --------
INCREASE IN CASH AND
  CASH EQUIVALENTS                 150                   -                   250

CASH AND CASH  EQUIVALENTS
 - BEGINNING OF PERIOD             100                  100                  -
                                -------               -------             --------
CASH AND CASH EQUIVALENTS
 - END OF PERIOD                 $ 250                $ 100               $  250
===============                 ========              =======            ========
</TABLE>

                  See accompanying notes to condensed financial statements
                                        5
<PAGE>


                           BELLOWS ACQUISITION CORPORATION
                           (A DEVELOPMENT STAGE COMPANY)
                       NOTES TO CONDENSED FINANCIAL STATEMENTS
                             AS OF September 30, 2008
                                    (Unaudited)
                                 ---------------


NOTE 1    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(A) Organization and Business Operations

Bellows Acquisition Corporation (a development stage company) ("the
Company") was incorporated in Delaware on March 24, 1999 to serve as a
vehicle to effect a merger, exchange of capital stock, asset acquisition
or other business combination with a domestic or foreign private business.
On August 11, 2008, the Company effected a change in control by issuance
of 2,000,000 shares of its common stock and redemption of 500,000 shares
of its outstanding common stock.  The Company reflected the above
transaction as a stock split and has retroactively restated the shares
outstanding as of the first period presented.  Other than such change in
control, as of September 30, 2008, the Company had not yet commenced any
formal business operations.  The Company's fiscal year end is December 31.

The Company's ability to commence operations is contingent upon its
ability to identify a prospective target business.

(B) Interim Financial Statements

The accompanying unaudited condensed financial statements have been
prepared by the Company and reflect all adjustments, consisting only
of normal recurring adjustments, which are, in the opinion of management,
necessary for a fair presentation of the financial position as of three
and nine month periods ended September 30, 2008, and the period March 24,
1999 (inception) through September 30, 2008, in accordance with accounting
principles generally accepted in the United States of America for
interim financial statements and pursuant to Form 10-Q and
Regulation S-X.

Certain information and footnote disclosures normally included in the
Company's annual audited finanical statements have been condensed or
omitted pursuant to such rules and regulations.  The results of
operations for the three and nine month periods ended September 30, 2008,
are not necessarily indicative of the results of operations to be
expected for a full fiscal year.  These interim condensed financial
statements should be read in conjunction with the financial statements
for the fiscal year ended December 31, 2007, which are included in the
Company's Annual Report on Form 10-KSB filed with the Securities and
Exchange Commission on March 31, 2008.

(C) Use of Estimates

The preparation of the condensed financial statements in conformity with
generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the
date of the condensed financial statements and the reported amounts of
revenues and expenses during the reporting period.  Actual results could
differ from those estimates.

(D) Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all
highly liquid investments purchased with an original maturity of three
months or less to be cash equivalents.

(E)  Fair Value of Financial Instruments

The Company measures its financial assets and liabilities in accordance
with generally accepted accounting principles.  Financial instruments
applicable to the Company include cash and accrued expenses.  The
carrying amounts approximate the fair value due to their short
maturities of less than one year.

(F) Income Taxes

Deferred tax assets and liabilities are recognized for the future tax
consequence attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective
tax bases. Deferred tax assets and liabilities are measured using enacted
tax rates expected to be applied to taxable income in the years in which
those temporary differences are expected to reverse. The effect on deferred
tax assets and liabilities of a change in tax rates is recognized in the
statement of operations in the period that includes the enactment date. A
valuation allowance is provided for deferred tax assets if it is more
likely than not these items will either expire before the Company is able
to realize their benefits, or that future deductibility is uncertain.
There were no current or deferred income tax expense or benefits due to
the Company not having any material operations for the period ended
September 30, 2008.

                              6
<PAGE>

                   BELLOWS ACQUISITION CORPORATION
                    (A DEVELOPMENT STAGE COMPANY)
               NOTES TO CONDENSED FINANCIAL STATEMENTS
                       AS OF September 30, 2008
                           (Unaudited)
                   --------------------------------

(G) Loss Per Share

Basic loss per share is computed by dividing income available to
common shareholders by the weighted-average number of common shares
outstanding during the period. Diluted loss per share is computed
similar to basic loss per share except that the denominator is
increased to include the number of additional common shares that would
have been outstanding if the potential common shares had been issued and
if the additional common shares were dilutive. There were no potentially
dilutive securities for the three and nine month periods ended
September 30, 2008.

(H) Recent Accounting Pronouncements

In December 2007, the FASB issued SFAS No. 141 (R), Business
Combinations, and SFAS No. 160, Non-controlling Interests in
Consolidated Financial Statements. SFAS No. 141 (R) requires an
acquirer to measure the identifiable assets acquired, the liabilities
assumed, and any non-controlling interest in the acquiree at their fair
values on the acquisition date, with goodwill being the excess value
over the net identifiable assets acquired. SFAS No. 160 clarifies that
a non-controlling interest in a subsidiary should be reported as equity
in the consolidated financial statement. The calculation of earnings
per share will continue to be

                                7

<PAGE>

                   BELLOWS ACQUISITION CORPORATION
                    (A DEVELOPMENT STAGE COMPANY)
                NOTES TO CONDENSED FINANCIAL STATEMENTS
                       AS OF September 30, 2008
                             (Unaudited)
                    --------------------------------

based on income amounts attributable to the parent. SFAS No. 141 (R) and
SFAS No. 160 are effective for financial statements issued for fiscal years
beginning after December 15, 2008. Early adoption is prohibited. We have
not yet determined the effect on our financial statements, if any, upon
adoption of SFAS No. 141 (R) or SFAS No. 160.

NOTE 2    STOCKHOLDER'S EQUITY

(A) Preferred Stock

The Company is authorized to issue 20,000,000 shares of preferred stock
at $.0001 par value, with such designations, voting and other rights
and preferences as may be determined from time to time by the Board of
Directors.

(B) Common Stock

The Company is authorized to issue 100,000,000 shares of common stock
at $.0001 par value.  In March, 1999, the Company issued 1,000,000 shares of
its common stock to Pierce Mill Associates, Inc. pursuant to Section 4(2) of
the Securities Act of 1933 for an aggregate consideration of $100.

(C) Additional Paid-In Capital

Additional paid-in capital as of September 30, 2008 represents the fair
value of the amount of organization and professional costs incurred by
related parties on behalf of the Company (See Note 4).


NOTE 3    RELATED PARTIES

Legal counsel to the Company is a 100% owner of Pierce Mill
Associates, Inc., a shareholder of the Company.

Note 4   CHANGE IN CONTROL

     On August 11, 2008 the following events occurred which resulted in a
change of control of the Company:

     1. 500,000 shares of the 1,000,000 shares of common stock of the
Company owned by Pierce Mill Associates, Inc. were redeemed at par.

     2.  The Company issued 2,000,000 shares of common stock to the
following shareholders in the following amounts representing 80% of the
now outstanding 2,500,000 shares of common stock:

               Scoville Walker          1,000,000
               Jerry L. Jones           1,000,000

	The following persons were elected to the Board of Directors of
the Company:

          Scoville Walker
          Jerry L. Jones
          Tony Axam

     The following persons were appointed to the following offices of
the Company:

          Scoville Walker     Chief Executive Officer
          Jerry L. Jones      President
          Briana Ramsey       Secretary/Treasurer

     James Cassidy resigned as President and Secretary and as a director
of the Company.


                           8



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


     On August 11, 2008 the following events occurred which resulted in a
change of control of the Company:

     1. 500,000 shares of the 1,000,000 shares of common stock of the
Company owned by Pierce Mill Associates, Inc. were redeemed at par.

     2.  The Company issued 2,000,000 shares of common stock to the
following shareholders in the following amounts representing 80% of the
now outstanding 2,500,000 shares of common stock:

               Scoville Walker          1,000,000
               Jerry L. Jones           1,000,000

	The following persons were elected to the Board of Directors of
the Company:

          Scoville Walker
          Jerry L. Jones
          Tony Axam

     The following persons were appointed to the following offices of
the Company:

          Scoville Walker     Chief Executive Officer
          Jerry L. Jones      President
          Briana Ramsey       Secretary/Treasurer

     James Cassidy resigned as President and Secretary and as a director
of the Company.

	The Company intends to enter into a business combination with
Magnum Business Management, Inc., a Nevada corporation.

	Magnum Business Management, Inc. was formed to enter into exclusive
sales and marketing agrements for mining and natural resources in Central
Africa.

	No agreement has been reached for the business combination with
Magnum Business Management, Inc. and no agreements or contracts have
yet been executed for such a combination.

	In September 2006, the Financial Accounting Standards Board ("FASB")
issued Statement of Financial Accounting Standard ("SFAS") No. 157,
"Fair Value Measurements," which provides enhanced guidance for using
fair value to measure assets and liabilities. SFAS No. 157 provides a
common definition of fair value and establishes a framework to make the
measurement of fair value in generally accepted accounting principles
more consistent and comparable. SFAS No. 157 also requires expanded
disclosures to provide information about the extent to which fair value
is used to measure assets and liabilities, the methods and assumptions
used to measure fair value, and the effect of fair value measures on
earnings. SFAS No. 157 is effective as of January 1, 2008.  This
statement was adopted without effect on its results of operations,
financial position or cash flows.

	In December 2007, the FASB issued SFAS No. 141 (R), Business
Combinations, and SFAS No. 160, Non-controlling Interests in
Consolidated Financial Statements. SFAS No. 141 (R) requires an
acquirer to measure the identifiable assets acquired, the liabilities
assumed, and any non-controlling interest in the acquiree at their fair
values on the acquisition date, with goodwill being the excess value
over the net identifiable assets acquired. SFAS No. 160 clarifies that
a non-controlling interest in a subsidiary should be reported as equity
in the consolidated financial statement. The calculation of earnings
per share will continue to be based on income amounts attributable to
the parent. SFAS No. 141 (R) and SFAS No. 160 are effective for
financial statements issued for fiscal years beginning after
December 15, 2008. Early adoption is prohibited. We have not yet
determined the effect on our financial statements, if any, upon
adoption of SFAS No. 141 (R) or SFAS No. 160.

ITEM 3.  Quantitative and Qualitative Disclosures About Market Risk.

Information not required to be filed by Smaller reporting companies.


ITEM 4(T).  Controls and Procedures.

Disclosures and Procedures

       Pursuant to Rules adopted by the Securities and Exchange Commission.
the Company carried out an evaluation of the effectiveness of the design
and operation of its disclosure controls and procedures pursuant to
Exchange Act Rules.  This evaluation  was done as of the end of the period
covered by this report under the supervision and with the participation of
the Company's principal executive officer (who also serves as the principal
financial officer).

       There have been no significant changes in internal
controls or in other factors that could significantly affect internal
controls subsequent to the date of the evaluation.  Based upon that
evaluation, he believes that the Company's disclosure controls and
procedures are effective in gathering, analyzing and disclosing information
needed to ensure that the information required to be disclosed by the
Company in its periodic reports is recorded, summarized and processed
timely.  The principal executive officer is directly involved in the
day-to-day operations of the Company.


      This Quarterly Report does not include an attestation report of
the Company's registered public accounting firm regarding internal
control over financial reporting.  Management's report was not subject
to attestation by the Company's registered public accounting firm
pursuant to temporary rules of the Securities and Exchange
Commission that permit the Company to provide only management's
report in this Quarterly Report.

Changes in Internal Controls

        The Company effected a change in control including changes
its executive officers, majority shareholders and board of directors.
As such there was a change in the Company's internal control over
financial reporting matters.  However, the Company is maintaining
the procedures and controls over all its financial reporting in that
all reports and procedures are handled directly by the Chief
Executive Officer who reports directly to the Board of Diretors.



                   PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     There are no legal proceedings against the Company and the Company is
unaware of such proceedings contemplated against it.

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

     On August 11, 2008, the Company issued 2,000,000 shares of its
common stock at par.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

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

     The sole shareholder of the Company voted to effect the change
in control of the Company effected on August 11, 2008, with the election of
new directors and the acceptance of a redemption at par of 500,000 of
the 1,000,000 shares of outstanding stock owned by it.


ITEM 5.  OTHER INFORMATION

               (a)  A Report on Form 8-K was filed on August 11, 2008.
               (b)  407(c)(3) of Regulation S-K:

   During the quarter covered by this Report, there have not been any
material changes to the procedures by which the Company's security holders
may recommend nominees to the Board of Directors.

ITEM 6.  EXHIBITS

     (a)     Exhibits

     31   Certification of the Chief Executive Officer and Chief
                    Financial Officer pursuant to Section 302 of
                    the Sarbanes-Oxley Act of 2002

     32   Certification of the Chief Executive Officer and Chief
                    Financial Officer pursuant to Section 906 of
                    the Sarbanes-Oxley Act of 2002




                                SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                               BELLOWS ACQUISITION CORPORATION

                               By:   /S/ Scoville Walker
                                     President, Chief Financial Officer

Dated:   November 19, 2008


     Pursuant to the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.

     NAME                             OFFICE                DATE

   /s/ Scoville Walker		     Director	      November 19, 2008