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

                                 FORM 10-QSB/A
                               (AMENDMENT NO. 1)

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

        For the quarterly period ended 31 May 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 31 May 2007, the issuer
had 15,839,360 shares of its common stock issued and 12,839,360 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
</TABLE>


<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.





                               GLOBAL WATAIRE INC.
                             (A NEVADA CORPORATION)
                                BUFFALO, NEW YORK

                        --------------------------------
                                FINANCIAL REPORTS
                                       AT
                                  May 31, 2007
                        ================================


                                       1
<PAGE>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


<TABLE>
<CAPTION>
TABLE OF CONTENTS
-----------------------------------------------------------------------------------
<S>                                                                           <C>
Consolidated Balance Sheets at May 31, 2007 (Unaudited) and August 31, 2006    F1

Consolidated Statements of Operations for the Three and Nine Months Ended
  May 31, 2007 and 2006 (Unaudited)                                            F2

Consolidated Statements of Cash Flows for the Nine Months Ended
  May 31, 2007 and 2006 (Unaudited)                                           F3-F4

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


<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED BALANCE SHEETS
===================================================================================================
                                                                         (UNAUDITED)
                                                                           MAY 31,       August 31,
                                                                             2007           2006
---------------------------------------------------------------------------------------------------
<S>                                                                      <C>           <C>

ASSETS
CURRENT ASSETS
Cash and Cash Equivalents                                                $   139,819   $         -

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

TOTAL ASSETS                                                             $   189,819   $    65,618
===================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts Payable                                                         $   138,051   $   157,253
Accrued Expenses                                                              10,325        18,500
Due to Directors                                                             495,717       490,281
---------------------------------------------------------------------------------------------------

TOTAL LIABILITIES                                                            644,093       666,034
---------------------------------------------------------------------------------------------------

STOCKHOLDERS' DEFICIT
Common Stock:  $.001 Par; 800,000,000 Shares Authorized;
              15,839,360 and 483,404, Issued and 12,839,360                   15,839           484
              and 483,404 Outstanding, respectively
Common Stock, Class B:  $.001 Par; 50,000 Shares Authorized;
              -0- Issued and Outstanding                                          --            --
Preferred Stock, Class A:  $.001 Par; 1,000,000 Shares Authorized;
              66,000 and 100,000 Issued and
              Outstanding, respectively                                           66           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                                                 3,279,981     2,738,300
Accumulated Deficit                                                       (3,748,160)   (3,340,300)
Treasury Stock - 3,000,000 Shares at $.001 Par                                (3,000)            -
---------------------------------------------------------------------------------------------------

TOTAL STOCKHOLDERS' DEFICIT                                                 (454,274)     (600,416)
---------------------------------------------------------------------------------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                              $   189,819   $    65,618
===================================================================================================
</TABLE>

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


                                     - F1 -
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
========================================================================================================
                                                       THREE MONTHS ENDED          NINE MONTHS ENDED
                                                            MAY 31,                     MAY 31,
                                                   --------------------------  -------------------------

                                                       2007          2006         2007          2006
--------------------------------------------------------------------------------------------------------
<S>                                                <C>           <C>           <C>          <C>

REVENUES, NET                                      $         -   $         -   $        -   $         -

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

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

EXPENSES
Consulting Fees                                         55,000        58,000      165,000       174,000
General and Administrative                              48,918        62,221      142,027       155,260
Interest Expense                                        11,445         7,069       35,215        19,365
--------------------------------------------------------------------------------------------------------

TOTAL EXPENSES                                         115,363       127,290      342,242       348,625
--------------------------------------------------------------------------------------------------------

LOSS FROM OPERATIONS BEFORE
  IMPAIRMENT OF INVESTMENT
Reversal of Gain on placeCitySale of Subsidiary
  Stock Investment                                      65,618            --       65,618             -
--------------------------------------------------------------------------------------------------------

LOSS BEFORE PROVISION FOR TAXES                       (180,981)     (127,290)    (407,860)     (348,625)

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

LOSS FROM OPERATIONS                                  (180,981)     (127,290)    (407,860)     (348,625)

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

NET LOSS FOR THE PERIOD                            $  (180,981)  $  (127,290)  $ (407,860)  $  (153,883)
========================================================================================================

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING -
  BASIC AND DILUTED                                 11,477,597       483,404    6,081,066       483,404

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED                                $     (0.00)  $     (0.00)  $    (0.00)  $     (0.00)
========================================================================================================
</TABLE>

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


                                     - F2 -
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
================================================================================
Nine Months Ended May 31,                                    2007        2006
--------------------------------------------------------------------------------
<S>                                                       <C>         <C>

CASH FLOWS FROM OPERATING ACTIVITIES

NET LOSS FOR THE PERIOD                                   $(407,860)  $(153,883)

NON-CASH ADJUSTMENTS:
Gain on Sale of Net Assets of Subsidiary                          -    (194,742)
Interest on Directors/Stockholder Loans                      35,215      19,365
Reversal of Gain on Sale of Subsidiary Stock Investment      65,618           -
CHANGES IN ASSETS AND LIABILITIES:
Accounts Payable                                            (19,202)         64
Accrued Expenses                                             (8,175)     75,213
--------------------------------------------------------------------------------

NET CASH FLOWS FROM OPERATING ACTIVITIES                   (334,404)   (253,983)
--------------------------------------------------------------------------------

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

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Regulation S Shares               518,787           -
Advances from Directors                                       5,436     253,789
--------------------------------------------------------------------------------

NET CASH FLOWS FROM FINANCING ACTIVITIES                    524,223     253,789
--------------------------------------------------------------------------------

NET CHANGE IN CASH AND CASH EQUIVALENTS                     139,819        (194)

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

CASH AND CASH EQUIVALENTS - END OF PERIOD                 $ 139,819   $       -
================================================================================
</TABLE>

                                                                   - continued -

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


                                     - F3 -
<PAGE>
<TABLE>
<CAPTION>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED
==================================================================================
Nine Months Ended May 31,                                         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.


                                     - F4 -
<PAGE>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
--------------------------------------------------------------------------------


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

          The  accompanying  unaudited  interim  consolidated  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 of or for the fiscal year taken as
          a  whole.  Certain  financial  information  that  is  not required for
          interim  financial  reporting  purposes  has  been  omitted.

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

NOTE B -  GOING  CONCERN
          The  Company's  consolidated  financial  statements  have  been
          presented  on the basis that it is a going concern, which contemplates
          the  realization  of assets and the satisfaction of liabilities in the
          normal  course  of business. The Company has reported recurring losses
          from  operations.  As  a  result,  there  is an accumulated deficit of
          $3,748,160  at  May  31,  2007.

          The  Company's  continued  existence  is  dependent  upon  its ability
          to  raise  capital  or  acquire a marketable company. The consolidated
          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  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.

                                                                   - continued -


                                     - F5 -
<PAGE>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
--------------------------------------------------------------------------------


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

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

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


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  retained a 30% investment in Atlantic which was recorded as an
          equity  investment  of  Global  at  August  31,  2006  at the value of
          $65,618.

          The  Asset  Purchase  Agreement  and  Plan  of Reorganization executed
          on  July  27,  2006  was  never  consummated.  Certain  key  documents
          necessary  to  complete the purchase of DigiTar's assets have not been
          agreed  to by Global Wataire Inc., Atlantic Seaboard, Inc. and DigiTar
          Inc.  Consequently,  Global  Wataire  Inc. and Atlantic Seaboard, Inc.
          have  rescinded  the transaction and cancelled the planned acquisition
          of  DigiTar  Inc.'s  business as of June 28, 2007. The gain on sale of
          subsidiary  stock  investment has therefore been reversed and Atlantic
          remains a wholly-owned subsidiary of Global. Global has also taken the
          20,000,000  shares  of common stock out of escrow that were being held
          for the benefit of DigiTar. Global Wataire, Inc., and its wholly-owned
          subsidiary,  Atlantic  Seaboard,  Inc.  will  also seek to recover the
          monies  advanced  to  DigiTar  for  working  capital  in the amount of
          $50,000.


                                     - F6 -
<PAGE>
GLOBAL WATAIRE INC.
(A NEVADA CORPORATION)
BUFFALO, NEW YORK


NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
----------------------------------------------


NOTE E -  LOAN  RECEIVABLE
          The  company  advanced  DigiTar  Inc.  $50,000  for  working  capital.
          There  are  no  established  repayment  terms.

NOTE F -  STOCK  ACTIVITY
          REGULATION  S  STOCK
          On  January  26,  2007,  the  Company  issued  a  press  release
          announcing  that they had launched a $5,000,000 equity offering on the
          Berlin  Stock  Exchange.  The  company is offering for sale 10,000,000
          shares at a price of $0.50 per share and if completely subscribed will
          yield  $5,000,000.  This offering is on a best effort basis. As of May
          31,  2007,  5,258,789 shares had been issued of which 1,800,000 shares
          were  issued  in  exchange  for  financial  services  rendered.  Gross
          proceeds  from  the  sale of stock were $1,178,443 less stock issuance
          costs  of $659,655. Net proceeds from the sale of stock were $518,788.


NOTE G -  SUBSEQUENT  EVENTS
          On  June  28,  2007,  the  Company  announced  that  it had terminated
          its  planned  acquisition  of  DigiTar's  business  (See  Note  D.)



                                     - F7 -
<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 MAY 31, 2007 (FISCAL 2007)  COMPARED
     TO THE NINE MONTHS ENDED MAY 31, 2006 (FISCAL 2006).

     COMPARISON OF THE RESULTS OF OPERATIONS.

     For the  three  months ended May 31, 2007 and 2006 the company had no
sales.  Net  loss  for  the  three  months  ended May 31, 2007 was  $  180,981
compared  to net loss of $ 127,290   for the three months ended May 31 , 2006.

     Operating expenses decreased by $ 11,927 for the third quarter of our
current fiscal year from $ 127,290 for the three months ending May 31, 2006 to
$115,363. The decrease in expenses can be attributed to a decrease in consulting
fees of $3,000, and a decrease of $13,303in general and administrative
expenses. An increase in interest expense of $ 4376 is due to the Company having
no revenues, as cash flow of the Company is dependent on the Directors and the
issuance of common stock pursuant to the Company's Reg S common stock offering
in Europe. However, the increase in the net loss from operations for the third
quarter is principally due to canceling the plan to acquire the business assets
of DigiTar, Inc., resulting in a charge against operations of $65,618.

     For the nine months ended May 31, 2007 and 2006 the company had no sales.
Net loss for the nine months ended May 31, 2007 was $407,860 compared to net
loss of $153,883 for the nine months ended May 31, 2006.

     Expenses have decreased by $6,383 for the first nine months of our current
fiscal year from $348,625 for the nine months ended May 31, 2006 to $342,242 for
the nine months ended May 31, 2007.  The decrease can be attributed to a
decrease in consulting fees of $9,000, and decrease in general and
administrative expenses of $13,233.  An increase in interest expenses of $15,850
is due to the company having no revenues, therefore due to Directors has
increased by $5,436 as cash flow of the company is dependent on Directors and
the proceeds of common stock sales from the Company's Reg. S stock offering in
Europe.   The increase in loss from operations for the nine months ended May 31,
2007 is principally due to canceling the plan to acquire the business assets of
DigiTar, Inc., resulting in a charge against operations of $65,618


                                        2
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

     Our operations generated no cash for the three months ended .  All payments
of expenses or accounts payable were paid by our Directors on behalf of the
Company and from the net proceeds of the sale of common stock pursuant from the
Company's Reg S common stock offering, which amounted to $518,787.

     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.
Expanding on our new strategy of being an equity partner in high potential
industries, on June 24 the Company entered into a letter of intent with NexGen
Bio Energy, LLC.,(NexGen) of Marion, Ohio with respect to a proposed transaction
in which the Company, or its subsidiary, will purchase from NexGen a 4 million
gallon per year, automated, continuous flow, programmable logic controlled,
biodiesel production plant. Also in keeping with our new strategy, the Company
is continuing due diligence on other promising companies in the energy, precious
metals and commercial real estate industries.

     On July 27, 2006 Global Wataire, Inc. and its wholly-owned subsidiary,
DigiTar, Inc. (a Nevada corporation) entered into an agreement with DigiTar Inc.
(A Wyoming corporation), whereby Global would purchase substantial all of the
business assets of DigiTar, Inc. ( Wyoming)  The terms of certain key documents
necessary to complete the purchase of DigiTar Inc.'s (Wyoming) assets could not
been agreed to by the parties and the parties could not resolve their
differences as to the terms of the planned acquisition of DigiTar Inc.'s (
Wyoming) business. Consequently on June 28, 2007, Global Wataire, Inc., its
wholly-owned subsidiary, DigiTar, Inc (Wyoming)., rescinded the proposed
transaction and cancelled the planned acquisition of  DigiTar Inc.'s (Wyoming)
business. Global Wataire, Inc., its wholly-owned subsidiary, DigiTar, Inc.
(Nevada) will seek to recover the monies advanced during the negotiations to
DigiTar Inc. (Nevada) for working capital in the amount of approximately
$50,000.


     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.


                                        3
<PAGE>
OFF-BALANCE  SHEET  ARRANGEMENT

     None.


APPLICATION  OF  CRITICAL  ACCOUNTING  POLICIES

     Our  financial statements and accompanying notes are prepared in accordance
with  accounting  principles generally accepted in the United States of America.
Preparing  financial  statements  requires  management  to  make  estimates  and
assumptions  that  affect  the  reported  amounts  of  assets,  liabilities,
revenues,  and  expenses.  These  estimates  and  assumptions  are  affected  by
management's  application  of  accounting  policies.  Critical  accounting
policies  include  revenue  recognition,  impairment  of  marketing  rights  and
accounting  for  stock-based  compensation.

     We  recognize  revenue in accordance with Staff Accounting Bulletin No.101,
"Revenue Recognition in Financial Statements."  Sales are recorded when products
are  shipped  to  customers.  Provisions for discounts and rebates to customers,
estimated  returns and allowances, and other adjustments are provided for in the
same  period  the  related  sales  are  recorded.

     We evaluate our long-lived  assets for financial impairment on a regular
basis  in  accordance  with Statement of Financial Accounting Standards No. 144,
"Accounting  for  the Impairment or Disposal of Long-Lived Assets."  We evaluate
the recoverability of long-lived assets not held for sale by measuring the
carrying amount of the assets against the estimated discounted future cash flows
associated with them.  At the time such evaluations indicate that the future
discounted cash flows of certain long-lived assets are not sufficient to recover
the carrying value of such assets, the assets are adjusted to their fair values.

     We account for stock-based compensation in accordance with Statement of
Financial Accounting Standards No.  123R,  "Share-Based  Payment"  and  Staff
Accounting  Bulletin  No.  107,  which  requires  us  to  measure  and recognize
compensation expense for all stock-based payments for services at the grant-date
fair  value,  with  the  cost  recognized  over  the  vesting  period.

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  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


                                        4
<PAGE>
     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.


                                        5
<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.


                                        6
<PAGE>
ITEM 6.  EXHIBITS.

EXHIBIT
  NO.                        IDENTIFICATION OF EXHIBIT
-------                      -------------------------

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.
__________
*   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:   18 July 2007

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


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


                                       7