U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

                For the quarterly period ended December 31, 2007

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

               For the transition period from _________to_________

                         Commission file number 0-32067

                           Big Sky Industries I, Inc.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

               Nevada                                  59-3646899
--------------------------------------      ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)

             7557 West Sand Lake Road, Suite 153, Orlando, FL 32819
            --------------------------------------------------------
                    (Address of principal executive offices)

                                 (407)-628-7033
                       -----------------------------------
                           (Issuer's telephone number)

    APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange ACT after the  distribution  of
securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

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 8, 2008,  9,180,000
shares  of  the  registrant's   common  stock,  $.001  par  value,   issued  and
outstanding.

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












<PAGE>



                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)

                                   FORM 10-QSB
                                December 31, 2007

                               INDEX Page Number



                          PART 1- FINANCIAL INFORMATION


Item 1 - Financial Statements

     Balance Sheet as of December 31, 2007 (unaudited)                         2

     Statements of Operations for the three months ended
     December 31, 2007 and 2006 and the period of inception
     January 31, 2000 to December 31, 2007 (unaudited)                         3

     Statements of Cash Flows for the three months ended December 31, 2007 and
     2006 and the period of inception
     January 31, 2000 to December 31, 2007 (unaudited)                         4

     Notes to Financial Statements (unaudited)                                 5



Item 2 - Management's Discussion and Analysis or Plan of Operation            11



Item 3- Controls and Procedures                                               12




                           PART II - OTHER INFORMATION



Item 1 - Legal Proceedings                                                    13



Item 2 - Changes in Securities                                                13



Item 3 - Defaults upon Senior Securities                                      13



Item 4 - Submission of Matters to a Vote of Security Holders                  13



Item 5 - Other Information                                                    13



Item 6 - Exhibits and Reports on Form 8-K                                     13






<PAGE>






PART I - FINANCIAL INFORMATION






ITEM 1.  FINANCIAL STATEMENTS

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                                   (Unaudited)



                                                                December 31,
                                                                   2007
                                                                 -------

ASSETS
  Cash                                                           $  --


TOTAL ASSETS                                                     $  --
                                                                 =======

LIABILITIES AND STOCKHOLDERS' DEFICIT
  LIABILITIES
  Advances payable                                               $ 9,000
  Accrued expenses                                                 3,568
                                                                 -------

TOTAL LIABILITIES                                                 12,568
                                                                 -------

STOCKHOLDERS' DEFICIT
  Preferred stock, no par value; 5,000,000 shares authorized,
    none outstanding
  Common stock, $.001 par value, 50,000,000 shares authorized,
    1,050,000 shares issued and outstanding                        1,050
  Additional paid-in capital                                         187
  Deficit accumulated during the development stage               (13,805)
                                                                 -------

TOTAL STOCKHOLDERS' DEFICIT                                      (12,568)
                                                                 -------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                      $  --
                                                                 =======



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





                                     Page 2








<PAGE>
<TABLE>
<CAPTION>

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                             STATEMENT OF OPERATIONS
                                   (Unaudited)


                                                                                        Period From
                                                                                        January 31,
                                                                                           2000
                                                               Three Months Ended      (Inception) to
                                                                 December 31,           December 31,
                                                             -----------------------     -----------
                                                                2007         2006           2007
                                                             ----------   ----------     -----------
<S>                                                          <C>          <C>            <C>


Revenues                                                     $     --     $     --       $     --

General and administrative expenses                                --           --           13,805
                                                             ----------   ----------     ----------

Operating loss                                                     --           --          (13,805)

Provision for income taxes                                         --           --            --
                                                             ----------   ----------     ----------

Net loss                                                     $     --     $     --       $  (13,805)
                                                             ==========   ==========     ==========


Basic and diluted loss per share                             $   (0.000)  $   (0.000)    $    (0.01)
                                                             ==========   ==========     ==========
Weighted average number of common
  shares outstanding
    (basic and diluted)                                       1,050,000    1,050,000      1,050,000
                                                             ==========   ==========     ==========

</TABLE>



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









                                     Page 3














<PAGE>
<TABLE>
<CAPTION>


                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)

                                                                               Period From
                                                                               January 31,
                                                        Three Months Ended       2000
                                                           December 31,      (Inception) to
                                                    ------------------------  December 31,
                                                       2007         2006         2007
                                                    ----------   ----------   ----------
<S>                                                 <C>          <C>          <C>


CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss                                       $     --           --     $  (13,805)
    Adjustments to reconcile net loss to net
      cash used by operating activities:
    Common stock exchanged for services                  --           --             50
    Decrease in cash in bank deficit                     --           --           --
    Increase in accrued liabilities                      --           --         12,568
                                                   ----------   ----------   ----------

NET CASH USED BY OPERATING ACTIVITIES              $     --           --     $   (1,187)
                                                   ----------   ----------   ----------

CASH FLOWS FROM FINANCING ACTIVITIES:

    Sale of common stock                                 --           --          1,000
    Contribution of capital by shareholders              --           --            187
                                                   ----------   ----------   ----------
NET CASH PROVIDED BY FINANCING ACTIVITIES                --           --          1,187
                                                   ----------   ----------   ----------

NET INCREASE (DECREASE) IN CASH                          --           --           --

CASH AND EQUIVALENTS - BEGINNING OF PERIOD               --           --           --
                                                   ----------   ----------   ----------

CASH AND EQUIVALENTS - END OF PERIOD               $     --     $     --     $     --
                                                   ==========   ==========   ==========
SUPPLEMENTAL DISCLOSURES:

    Cash paid during the period for interest       $     --     $      --     $  --
                                                   ==========   ===========   =======

    Cash paid during the period for income taxes   $     --     $      --     $  --
                                                   ==========   ===========   =======

</TABLE>



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





                                     Page 4







<PAGE>




                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


1. BASIS OF PRESENTATION AND GOING CONCERN UNCERTAINTY:

The unaudited financial  statements have been prepared by the Company,  pursuant
to the rules and regulations of the Securities and Exchange Commission.  Certain
information and footnote  disclosures  normally included in financial statements
prepared in accordance with generally accepted  accounting  principles have been
omitted  pursuant to such SEC rules and regulations;  nevertheless,  the Company
believes that the disclosures are adequate to make the information presented not
misleading.  These  financial  statements and the notes hereto should be read in
conjunction  with the financial  statements  and notes  thereto  included in the
Company's  Form 10-KSB for the year ended  September  30, 2007,  which was filed
January 7, 2008.  In the  opinion of the  Company,  all  adjustments,  including
normal recurring  adjustments necessary to present fairly the financial position
of Big Sky  Industries  I, Inc. as of  December  31, 2007 and the results of its
operations  and cash flows for the three months then ended,  have been included.
The results of operations for the interim period are not necessarily  indicative
of the results for the full year.

Big Sky Industries I (the "Company") was  incorporated in Florida on January 31,
2000.  On November  20, 2007,  the  Company's  board of  directors  approved the
movement  of its  corporate  charter  from the state of  Florida to the state of
Nevada. The Company was organized as a "shell" company and conducts virtually no
business operation,  other than investigating  opportunities to associate with a
suitable  business  partner  and  identifying  merger  partners  or  acquisition
candidates.  The  Company  is a  development  stage  enterprise,  as  defined by
Financial  Accounting  Standards  ("FAS") No 7,  "Accounting  and  Reporting  by
Development Stage Enterprises."

The financial  statements  of the Company have been  prepared  assuming that the
Company will continue as a going concern.  However,  since inception the Company
has a loss from operations of approximately $14,000. Cash losses from operations
since  inception  have been  approximately  $1,200.  The  Company  has a working
capital deficiency of $12,568 at December 31, 2007.

In light of the Company's  current  financial  position and the  uncertainty  of
raising  sufficient  capital to achieve its business plan,  there is substantial
doubt about the Company's ability to continue as a going concern.

There have been no changes in accounting policies used by the Company during the
quarter ended December 31, 2007.


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Management estimates
--------------------

The preparation of 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 dates of the financial  statements and
the reported amounts of operating expenses during the reporting periods.  Actual
results could differ from these estimates.


Cash and cash flows
-------------------

For purposes of the statements of cash flows,  cash includes demand deposits and
time deposits with  maturities of less than three months.  None of the Company's
cash is restricted.

The Company has not maintained any cash accounts which exceed federally  insured
limits.  Management  believes that the Company does not have significant  credit
risk related to its cash accounts.



                                     Page 5






<PAGE>




                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


Fair value of financial instruments
-----------------------------------

In accordance with the reporting requirements of SFAS No. 107, Disclosures About
Fair Value of Financial  Instruments,  the Company  calculates the fair value of
its assets and  liabilities  which qualify as financial  instruments  under this
statement and includes this additional information in the notes to the financial
statements  when the fair value is different  than the  carrying  value of those
financial  instruments.  At  December  31,  2007,  the  Company did not have any
financial instruments.

Stock Based Compensation
------------------------

Effective  September  30,  2005,  the Company  adopted  Statement  of  Financial
Accounting  Standards  (SFAS)  123R,  Share-Based  Payment,  using the  modified
prospective   method.   This   statement   requires  the  Company  to  recognize
compensation  cost  based on the grant  date fair  value of  options  granted to
employees and directors.

Recent accounting pronouncements
--------------------------------

In July  2006,  the FASB  issued  FASB  Interpretation  No. 48,  Accounting  for
Uncertainty in Income Taxes (FIN 48). FIN 48 clarifies the accounting for income
taxes by  prescribing a minimum  probability  threshold that a tax position must
meet before a financial  statement benefit is recognized.  The minimum threshold
is  defined  in FIN 48 as a tax  position  that is more  likely  than  not to be
sustained  upon  examination  by  the  applicable  taxing  authority,  including
resolution  of  any  related  appeals  or  litigation  processes,  based  on the
technical  merits of the position.  The tax benefit to be recognized is measured
as the largest  amount of benefit that is greater than fifty  percent  likely of
being realized upon ultimate settlement.  FIN 48 must be applied to all existing
tax positions upon initial adoption. The cumulative effect of applying FIN 48 at
adoption,  if any,  is to be  reported  as an  adjustment  to  opening  retained
earnings for the year of adoption.  FIN 48 is effective for the  Company's  year
end 2007,  although  early  adoption is permitted.  The Company is assessing the
potential effect of FIN 48 on its financial statements.

In  February  2006,  the FASB issued SFAS 155,  "Accounting  for Certain  Hybrid
Financial   Instruments."   This  Statement  amends  FASB  Statements  No.  133,
Accounting  for  Derivative  Instruments  and Hedging  Activities,  and No. 140,
Accounting for Transfers and Servicing of Financial  Assets and  Extinguishments
of  Liabilities.  This  Statement  resolves  issues  addressed in Statement  133
Implementation  Issue  No.  Dl,  "Application  of  Statement  133 to  Beneficial
Interests in Securitized Financial Assets." This Statement:

     a) Permits fair value  re-measurement  for any hybrid financial  instrument
     that  contains  an  embedded   derivative   that  otherwise  would  require
     bifurcation.

     b) Clarifies which interest-only  strips and principal-only  strips are not
     subject to the requirements of Statement 133.

     c) Establishes a requirement to evaluate interests in securitized financial
     assets to identify interests that are freestanding  derivatives or that are
     hybrid financial  instruments that contain an embedded derivative requiring
     bifurcation.

     d)  Clarifies   that   concentrations   of  credit  risk  in  the  form  of
     subordination are not embedded derivatives.

     e) Amends  Statement  140 to  eliminate  the  prohibition  on a  qualifying
     special-purpose  entity from holding a derivative financial instrument that
     pertains to a beneficial  interest other than another derivative  financial
     instrument.


                                     Page 6



<PAGE>

                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


The fair value  election  provided for in paragraph  4(e) of this  Statement may
also be applied upon adoption of this Statement for hybrid financial instruments
that had been  bifurcated  under  paragraph  12 of  Statement  133  prior to the
adoption of this Statement. Earlier adoption is permitted as of the beginning of
our fiscal year, provided we have not yet issued financial statements, including
financial statements for any interim period, for that fiscal year. Provisions of
this  Statement  may be  applied  to  instruments  that we  hold at the  date of
adoption on an instrument-by-instrument basis.

Adoption of this  Statement is required as of the  beginning of the first fiscal
year that begins after September 15, 2005. The adoption of this statement is not
expected to have a material impact on the company's financial statements.

In March 2006, The FASB issued SEAS 156,  "Accounting for Servicing of Financial
Assets." This Statement amends FASB Statement No. 140,  Accounting for Transfers
and  Servicing of Financial  Assets and  Extinguishments  of  Liabilities,  with
respect  to the  accounting  for  separately  recognized  servicing  assets  and
servicing liabilities. This Statement:

     a) Requires an entity to recognize a servicing asset or servicing liability
     each time it  undertakes  an  obligation  to service a  financial  asset by
     entering into a servicing contract in certain situations.

     b)  Requires  all  separately  recognized  servicing  assets and  servicing
     liabilities to be initially measured at fair value, if practicable.

     c) Permits an entity to choose either the  amortization  method or the fair
     value measurement method for each class of separately  recognized servicing
     assets and servicing liabilities.

     d)  At  its  initial  adoption,  permits  a  one-time  reclassification  of
     available-for-sale  securities  to  trading  securities  by  entities  with
     recognized servicing rights, without calling into question the treatment of
     other available-for-sale  securities under Statement 115, provided that the
     available-for-sale  securities  are identified in some manner as offsetting
     the  entity's  exposure  to changes in fair  value of  servicing  assets or
     servicing  liabilities  that a servicer elects to  subsequently  measure at
     fair value.

     e)  Requires  separate  presentation  of  servicing  assets  and  servicing
     liabilities  subsequently  measured  at  fair  value  in the  statement  of
     financial position and additional disclosures for all separately recognized
     servicing assets and servicing liabilities.

Adoption of this  Statement is required as of the  beginning of the first fiscal
year that begins after September 15, 2006. The adoption of this statement is not
expected to have a material impact on the company's financial statements.

In September 2006, the FASB issued Statement No. 157, "Fair Value Measurements."
This  Statement  defines fair value,  establishes a framework for measuring fair
value in generally accepted  accounting  principles and expands disclosure about
fair value  measurement.  The implementation of this guidance is not expected to
have any impact on the company's financial statements.

In September 2006, the FASB issued Statement of Financial  Accounting  Standards
No.  158,   "Employers'   Accounting  for  Defined  Benefit  Pension  and  Other
Postretirement  Plans,  an amendment of PASS Statements No. 87, 106, and 132(R)"
("SFAS No. 158").  SFAS No. 158 requires  companies to recognize a net liability
or asset and an offsetting  adjustment to accumulate other comprehensive  income
to report the funded status of defined benefit pension and other  postretirement
benefit plans. SFAS No. 158 requires  prospective  application,  recognition and
disclosure  requirements effective for the company's fiscal year ending December
31, 2007.  Additionally,  SFAS No. 158 requires companies to measure plan assets
and  obligations  at their  year-end  balance sheet date.  This  requirement  is
effective for the company's fiscal year ending December 31, 2009. The company is
currently  evaluating  the impact of the  adoption  of SFAS No. 258 and does not
expect that it will have a material impact on its financial statements.


                                     Page 7


<PAGE>


                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In September 2006, the United States Securities and Exchange Commission ("SEC"),
adopted SAB No. 108,  "Considering the Effects of Prior Year  Misstatements when
Quantifying  Misstatements  in  Current  Year  Financial  Statements."  This SAB
provides   guidance  on  the   consideration   of  the  effects  to  prior  year
misstatements  in quantifying  current year  misstatements  for the purpose of a
materiality   assessment.   SAB  108   establishes  an  approach  that  requires
quantification of financial statement errors based on the effects of each of the
company's balance sheet and statement of operations financial statements and the
related  financial  statement  disclosures.  The  SAB  permits  existing  public
companies to record the cumulative effect of initially applying this approach in
the first year  ending  after  November  15,  2006 by  recording  the  necessary
correcting  adjustments to the carrying  values of assets and  liabilities as of
the  beginning  of that  year with the  offsetting  adjustment  recorded  to the
opening balance of retained  earnings.  Additionally,  the use of the cumulative
effect transition  method requires detailed  disclosure of the nature and amount
of each individual error being corrected  through the cumulative  adjustment and
how and when it arose. The company is currently  evaluating the impact,  if any,
that  SAB 108 may have on the  company's  results  of  operations  or  financial
position.

Income taxes
------------

The Company  employs the asset and  liability  method in  accounting  for income
taxes  pursuant to Statement of Financial  Accounting  Standards  (SFAS) No. 109
"Accounting  for Income  Taxes."  Under  this  method,  deferred  tax assets and
liabilities are determined based on temporary  differences between the financial
reporting  and tax  bases of  assets  and  liabilities  and net  operating  loss
carryforwards,  and are  measured  using  enacted  tax  rates  and laws that are
expected to be in effect when the differences are reversed.

Net loss per share
------------------

Basic net loss per share is computed  based upon the weighted  average number of
common  shares  outstanding  during the periods and is computed by dividing  net
loss by the adjusted weighted average number of shares during the periods.


3. ADVANCES PAYABLE -OFFICERS AND DIRECTORS

Advances  payable  represents  short-term  advances  to the Company by its Chief
Executive Officer for the payment of certain operating  expenses incurred during
the fourth quarter of its fiscal year ended  September 30, 2006.  These advances
are non-interest bearing and due on demand.

4. LOSS PER COMMON SHARE

Net loss per common share  outstanding  for the three months ended  December 31,
2007 and 2006 and the  period  from  January  31,  2000 (date of  inception)  to
December 31, 2007,  as shown on the  Statement  of  Operations,  is based on the
number of common  shares  outstanding  at December  31, 2007 and 2006.  Weighted
average shares  outstanding was not computed since it would not be meaningful in
the  circumstances,  as all shares issued  during the period from  incorporation
through  December 31, 2007 were for initial  capital and were issued to just two
individuals.  Therefore,  the total shares  outstanding at the end of the period
were deemed to be the most relevant number of shares to use for purposes of this
disclosure.  At December 31, 2007 and 2006,  basic and diluted  weighted average
common  shares for the three  months  ended,  respectively,  include only common
shares outstanding, since there were no common share equivalents.





                                     Page 8




<PAGE>


                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)



5. CAPITAL STRUCTURE DISCLOSURES

Common Stock
------------

The  Company's  capital  structure is not complex.  The Company is authorized to
issue 5,000,000  shares of preferred  stock with a no par value.  The Company is
authorized to issue 50,000,000  shares of common stock with a par value of $.001
per share.

The holders of the common  stock are  entitled to one vote per share;  they have
non-cumulative voting rights. The holders are also entitled to receive dividends
when, as, and if declared by the board of directors.  Additionally,  the holders
of the  common  stock do not have any  preemptive  right to  subscribe  for,  or
purchase any shares of any class of stock.

In January  2000,  the Company  issued  1,000,000  shares of common stock at par
value per share,  for a total of $1,000.  A stock  subscription  receivable  was
recorded at the date of  issuance  for the same  amount,  which was paid in June
2000.

In January 2000, the Company issued 50,000 shares valued at $50 as consideration
for services rendered by one of the two founding stockholders of the Company for
the formation of the Company.

Preferred stock
---------------

The board of directors of the Company is  authorized to provide for the issuance
of preferred stock in classes or series, and, by filing the appropriate articles
of amendment with the Secretary of State of Florida,  is authorized to establish
the number of shares to be included in each class or series, which may include a
conversion  feature into common  stock.  As of September  30, 2007, no shares of
preferred stock have issued and no preferences,  limitations, or relative rights
have been assigned.

No shares of preferred stock have been issued as of December 31, 2007.

Stock options, warrants and other rights
----------------------------------------

As of December 31, 2007,  the Company has not adopted any employee  stock option
plans.


6. RELATED PARTY TRANSACTION

In January 2000, the Company issued 50,000 shares valued at $50 as consideration
for services rendered by one of the two founding stockholders of the Company for
the formation of the Company.

On  March  31,  2007,  the  Company  and Mr.  Chimelis  signed a  Memorandum  of
Understanding  ("MOU") with Coffee Exchange of America's Inc.  ("CEOTA") for the
purchase  of 900,000 of Mr.  Chimelis'  shares,  or  approximately  85.7% of the
Company's issued and outstanding common shares. The MOU provides that CEOTA will
make  payments of $2,500 and $1,059 for unpaid audit fees and state  corporation
fees, respectively,  and $30,000 to the Company's shareholders before the common
shares  are  transferred  to  CEOTA.  See  Note 8 -  Subsequent  Events  for the
discussion of the consummation of this transaction.

7. INCOME TAXES

At December 31,  2007,  the Company had a net  operating  loss  carryforward  of
approximately $13,805. This loss may be carried forward to offset federal income
taxes in future years through the year 2027.  However, if subsequently there are
ownership  changes in the  Company,  as defined in Section  382 of the  Internal
Revenue Code, the Company's  ability to utilize net operating  losses  available
before the  ownership  change may be  restricted  to a percentage  of the market
value of the Company at the time of the ownership change.


                                     Page 9

<PAGE>


                           BIG SKY INDUSTRIES I, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                   (Unaudited)



7. INCOME TAXES - CONTINUED

Therefore,  substantial net operating loss  carryforwards  could, in all likely-
hood,  be limited or  eliminated in future years due to a change in ownership as
defined in the Code. The utilization of the remaining carryforwards is dependent
on the Company's  ability to generate  sufficient income during the carryforward
periods and no further significant changes in ownership.

It is management's opinion that the entire deferred tax benefit of approximately
$2,600, resulting from the net operating loss carryforward may not be recognized
in future  years.  Therefore,  a  valuation  allowance  of $2,600,  equal to the
deferred  tax  benefit,  has been  established,  resulting  in no  deferred  tax
benefits as of the balance sheet date.


8. SUBSEQUENT EVENTS

On January 22, 2008,  Carl Olivieri  purchased  900,000  shares of the Company's
common stock from Ramon Chimelis,  which represented  approximately 85.7% of the
Company's issued and outstanding common shares at the time of the purchase.

On January 23, 2008, the Company filed amended  Articles of  Incorporation  with
The Nevada  Secretary of State to increase  its  authorized  common  shares from
50,000,000  million  shares,  $0.001 par value to  200,000,000  million  shares,
$0.001 par value.

On January 24, 2008, the Company's  Board of Directors  approved the issuance of
500,000 shares of its preferred stock to Carl Olivieri as consideration  for his
arranging the merger with Coffee  Exchange of the  Americas,  Inc. The preferred
shares are  convertible  into 500,000  shares of common stock at Mr.  Olivieri's
option and have 100 to 1 voting rights on any shareholder vote.


On February 8, 2008,  the Company  merged with Coffee  Exchange of the Americas,
Inc.  ("CEOTA")  and  acquired  all of the  8,130,000  shares of common stock of
Coffee  Exchange of the Americas,  Inc., a Nevada  corporation,  in exchange for
8,130,000 shares of the Company's common stock.  CEOTA will be considered as the
surviving  company in this  merger.  As of the merger  date CEOTA  operates  ten
coffee shops in the  Bakersfield,  CA area and one coffee shop in Dallas,  Texas
and employs 64 people.

The  acquisition  will be accounted for under the purchase  method,  and we will
consolidate  the  results of CEOTA from the date of  acquisition.  The  purchase
price will be allocated  based on estimates of the fair value of assets acquired
and  liabilities  assumed  as  of  the  acquisition  date.  The  purchase  price
allocation is subject to adjustments as additional information becomes available
and will be finalized by March 2008.







                                     Page 10






<PAGE>


Item 2. Management's  Discussion and Analyses of Financial Condition and Results
        of Operation

The  following  discussion  should  be read in  conjunction  with our  financial
statements provided in this quarterly report on Form 10-QSB.  Certain statements
contained herein may constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual results
to differ materially, as discussed more fully herein.

The  forward-looking  information  set forth in this annual  report is as of the
date of this filing,  and we undertake no duty to update this information.  More
information about potential factors that could affect our business and financial
results is included in the section  entitled "Risk Factors" of our Annual Report
on Form 10-KSB for the year ended  September 30, 2007 filed with the  Securities
and Exchange Commission.

Overview

The   following   discussion   "Management's   Plan   of   Operation"   contains
forward-looking  statements. The words "anticipate," "believe" "expect," "plan,"
"intend," "estimate," "project," "will," "could," "may," and similar expressions
are intended to identify forward-looking statements. Such statements reflect the
Company's current views with respect to future events and financial  performance
and involve risks and  uncertainties.  Should one or more risks or uncertainties
occur, or should underlying assumptions prove incorrect, actual results may vary
materially and adversely from those anticipated,  believed,  expected,  planned,
intended, estimated, projected, or otherwise indicated.

The  following is qualified by reference  to, and should be read in  conjunction
with the Company's financial statements,  and notes thereto,  included elsewhere
in this Form 10-QSB, as well as the discussion  hereunder  "Management's Plan of
Operation";  our significant  accounting policies are disclosed in Note 1 to our
financial  statements  included on our Annual Report on Form 10-KSB for the year
ended September 30, 2007 filed with the Securities and Exchange Commission.

Plan of Operation

Big Sky  Industries  I, Inc.  is  presently a  development  stage  company  that
conducted  virtually no business  operations  or generate any revenues  from our
inception through December 31, 2007.

Subsequent to December 31, 2007,  as explained in Note 8 - Subsequent  Events to
the December 31, 2007 financial  statements,  we merged with Coffee  Exchange of
the Americas, Inc. ("CEOTA"), which operates 10 coffee shops in the Bakersfield,
California  area and one coffee shop in Dallas,  Texas.  These are coffee  shops
selling hot and cold coffee blends along with  sandwiches  and pastries.  At the
time of the merger the coffee shops were  generating  approximately  $180,000 in
monthly revenues.

The Company's plan is to acquire established coffee locations across the country
and,  assuming  that it can obtain  suitable  financing,  build new locations in
strategic  locations.  The Company plans to provide  corporation  management and
provide product purchasing from its Dallas,  Texas headquarters to gain benefits
from the  scales of  economy  to  increase  the  profit  potential  of  multiple
locations.

We currently do not have significant cash or other material assets.  The current
acquisition are being made by entering into purchase agreements with the sellers
providing  owner  financing.  We are not yet generating  the revenues  needed to
cover the costs of normal  operations,  which  would  allow us to  continue as a
going concern.  These  financial  statements  have been prepared using generally
accepted accounting principles applicable to a going concern, which contemplates
the realization of assets and liquidation of liabilities in the normal course of
business.  Our ability to meet those obligations and continue as a going concern
is  dependent  upon  us  raising  new  capital  through  advances  from  current
shareholders  and issuing equity  securities to provide for the financing of the
Company's capital needs in excess of what the operation are currently providing.
If it becomes  necessary  for us to raise  additional  funds to  support  normal
operations  during the next  twelve  months,  our  principal  shareholders  will
advance  funds as needed.  If we need to raise  funds  beyond  funds  needed for
normal operations,  we may choose to sell additional common stock, especially as
we continue to expand the coffee locations through acquisitions or construction,
which require cash.

Since inception  through  December 31, 2007, we have received a cash infusion of
$1,165.  Subsequent  to December  31,  2007,  the Company has  obtained  working
capital of $2,015 from current  shareholders to close the two  acquisitions  and
provide the working capital to operate the coffee locations.


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<PAGE>

In the event that our principal  shareholders  do not advance  adequate funds to
support  normal  operations  and we deplete our present cash  reserves  prior to
achieving  positive  cash  flow  from  operations  or  succeeding  in  obtaining
financing through a private placement of restricted common stock or through debt
financing, we may be forced to cease operations.

Our cash  reserves  have been minimal since  inception;  therefore,  we have not
compensated our officers or directors.  In the near term, we may compensate them
for their services by issuing them stock in lieu of cash.  Presently,  there are
no  arrangements  or  anticipated  arrangements  to pay any  type of  additional
compensation  to any officer or director.  Regardless of whether our cash assets
prove  to be  inadequate  to  meet  our  operational  needs,  we  might  seek to
compensate providers of services by the issuance of stock in lieu of cash.

There are no agreements or  understandings of any kind with respect to any loans
from  officers or directors of the Company on behalf of the Company,  other than
that in Note 3 to the financial statements.


Going Concern

We  continue  to be a  development  stage  company  that has not  generated  any
revenues as of  December  31, 2007 and has  experienced  losses from  operations
since  exception.  In our  Annual  Report  on Form  10-KSB  for the  year  ended
September  30,  2007 filed with the  Securities  and  Exchange  Commission,  our
independent auditors indicated that these factors raised substantial doubt about
our ability to continue as a going  concern.  These concerns were addressed in a
separate footnote (Note 1) to the Annual Report for the year ended September 30,
2007.

The continuation of our business is dependent upon obtaining  further  financing
and achieving a break even or profitable  level of  operations.  The issuance of
additional equity securities by us could result in a significant dilution in the
equity interests of our current or future stockholders.

There are no  assurances  that we will be able to either (1)  achieve a level of
revenues  adequate  to generate  sufficient  cash flow from  operations;  or (2)
obtain additional  financing through either private placement,  public offerings
and/or bank financing necessary to support our working capital requirements.  To
the extent that funds  generated  from  operations  and any private  placements,
public offerings and/or bank financing are  insufficient,  we will have to raise
additional working capital. No assurance can be given that additional  financing
will be  available,  or if  available,  will be on terms  acceptable  to us.  If
adequate working capital is not available we may not increase our operations.

These  conditions  raise  substantial  doubt  about our ability to continue as a
going concern.  The financial statements do not include any adjustments relating
to the recoverability and classification of asset carrying amounts or the amount
and classification of liabilities that might be necessary should we be unable to
continue as a going concern.


Off-Balance Sheet Arrangements

We are not a party to any off-balance  sheet  arrangements  and do not engage in
trading activities involving non-exchange traded contracts. In addition, we have
no financial  guarantees,  debt or lease agreements or other  arrangements  that
could trigger a requirement  for an early payment or that could change the value
of our assets.

Item 3. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Based on an  evaluation  under the  supervision  and with the  participation  of
management, our principal executive officer and principal financial officer have
concluded  that our  disclosure  controls  and  procedures  as  defined in rules
13a-15(e) and 15d-15(e)  under the  Securities  Exchange Act of 1934, as amended
("Exchange  Act")  were  effective  as of  December  31,  2007  to  ensure  that
information  required to be  disclosed  by us in reports  that we file or submit
under the  Exchange  Act is (i)  recorded,  processed,  summarized  and reported
within the time periods  specified  in the  Securities  and Exchange  Commission
rules  and  forms  and (ii)  accumulated  and  communicated  to our  management,
including our principal  executive officer and principal  financial officer,  as
appropriate to allow timely decisions regarding required disclosure.



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<PAGE>

Changes in Internal Control over Financial Reporting

There were no changes in our internal  control over financial  reporting  during
the quarter ended December 31, 2007,  which were  identified in connection  with
management's  evaluation  required by  paragraph  (d) of rules 13a-15 and 15d-15
under the Exchange Act, that have materially affected,  or are reasonably likely
to materially affect, our internal control over financial reporting.



                           PART II. OTHER INFORMATION



Item 1 - Legal Proceedings

         None



Item 2 - Changes in Securities

         None


Item 3 - Defaults upon Senior Securities

         None


Item 4 - Submissions of Matters to a Vote of Security Holders

         None


Item 5 - Other Information

         None

Item 6 - Exhibits and Reports on Form 8-K

        (a)  Exhibits

   31.1   Certification  by Chief Executive  Officer  pursuant to Section 302 of
          the Sarbanes-Oxley Act of 2002*

   32.1   Certification by Chief Executive Officer pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
          2002 *

------------------------------------------------------------------------------

     *  Filed herewith


     (b) Reports on Form 8-K.

     On November 28, 2007,  we filed a Form 8K to announce  the  resignation  of
Ramon Chimelis as Chief Executive Officer and President, the appointment of Carl
Olivieri as Chairman of the Board,  Chief Executive  Officer and President,  and
the approval to move the Company's corporate charter from Florida to Nevada.

                                   SIGNATURES


Pursuant to the  requirements of Section 13 or 15(d) 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.

                                                      Big Sky Industries I, Inc.

Dated:  February 27, 2008                                By:  /s/Carl Olivieri
                                                           -----------------
                                                         Carl Olivieri
                                                         Chief Executive Officer



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