| State                of Colorado     (State                or Other Jurisdiction of     Incorporation                or Organization)      |  25-1302097(I.R.S.                EmployerIdentification                #) |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|

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| Part                  I:    Financial                  Information  | Page                                                                          |
|----------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------|
|                                                                                         |                                                                               |   |
| Item                  1:                                                                     | Financial                  Statements (Unaudited)                                  | 3 |
|                                                                                         |                                                                               |   |
| Item                  2:                                                                     | Management's                  Discussion and Analysis or Plan of Operation         | 8 |
|                                                                                         |                                                                          |   |
| Item                  3:                                                                     | Controls                  and Procedures                                      | 10 |
|                                                                                         |                                                                               |   |
| Part                  II:    Other                  information          |                                                                               |
|                                                                                         |                                                                               |   |
| Item                  1:                                                                     | Legal                  Proceedings                                                 | 10 |
|                                                                                         |                                                                               |   |
| Item                  2:                                                                     | Unregistered                  Sales of Equity Securities and  Use of Proceeds | 10 |
|                                                                                         |                                                                          |   |
| Item                  3:                                                                     | Defaults                  Upon Senior Securities                                   | 10 |
|                                                                                         |                                                                               |   |
| Item                  4:                                                                     | Submission                  of Matters to a Vote of Security Holders               | 11 |
|                                                                                         |                                                                               |   |
| Item                  5:                                                                     | Other                  Information.                                                | 11 |
|                                                                                         |                                                                               |   |
| Item                  6:                                                                     | Exhibits                                                                           | 11 |
|                                                                                         |                                                                               |   |
| Signatures                                                                                   |                                                                                    | 12 |

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**WHITEMARK        HOMES, INC.**

|                                                                |   |   | June                30, 2008  |   |   | December                31, 2007  |   |
|---------------------------------------------------------------------|--------|--------|------------------------------------|--------|--------|----------------------------------------|--------|
|                                                                |   |   | (unaudited)                   |   |   |                                   |   |
| CURRENT                ASSETS                                       |   |   |                               |   |   |                                   |   |
| Cash                and cash equivalents                            |   | $      | 444                                |   | $      | 2,025                                  |   |
| Total                Current Assets                                 |   |   | 444                                |   |   | 2,025                                  |   |
| TOTAL                ASSETS                                         |   | $      | 444                                |   | $      | 2,025                                  |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)  |   |   |                               |   |   |                                   |   |
| CURRENT                LIABILITIES                                  |   |   |                               |   |   |                                   |   |
| Advances                payable-related party                       |   | $      | 25,372                             |   | $      | 3,872                                  |   |
| Accounts                payable and accrued                         |   |   |                               |   |   |                                   |   |
| expenses                                                            |   |   | 42,520                             |   |   | 38,600                                 |   |
| Total                Current Liabilities                            |   |   | 67,892                             |   |   | 42,472                                 |   |
| STOCKHOLDERS'                EQUITY                                 |   |   |                               |   |   |                                   |   |
| (DEFICIT)                                                           |   |   |                               |   |   |                                   |   |
| Common                stock - $0.001 par                            |   |   |                               |   |   |                                   |   |
| value;                100,000,000                                   |   |   |                               |   |   |                                   |   |
| shares                authorized;                                   |   |   |                               |   |   |                                   |   |
| 21,331,079                                                          |   |   |                               |   |   |                                   |   |
| shares                issued and                                    |   |   |                               |   |   |                                   |   |
| outstanding                                                         |   |   | 21,332                             |   |   | 21,332                                 |   |
| Additional                paid-in capital                           |   |   | 24,110,446                         |   |   | 24,110,446                             |   |
| Accumulated                deficit                                  |   |   | (24,199,226                        | )      |   | (24,172,225                            | )      |
| Total                Stockholders' Equity                           |   |   |                               |   |   |                                   |   |
|                   (Deficit)                               |   |   | (67,448                            | )      |   | (40,447                                | )      |
| TOTAL                LIABILITIES AND                                |   |   |                               |   |   |                                   |   |
| STOCKHOLDERS'                                                       |   |   |                               |   |   |                                   |   |
| EQUITY                (DEFICIT)                                     |   | $      | 444                                |   | $      | 2,025                                  |   |

----

**WHITEMARK        HOMES, INC.**

|                                             |   |   | For                the ThreeMonths                Ended June                30, 2008  |   |   | For                the ThreeMonths                Ended June                30, 2007  |   |   | For                the SixMonths                Ended June                30, 2008  |   |   | For                the SixMonths                Ended June                30, 2007  |   |   | From                Inceptionof                DevelopmentStage                onOctober                1, 2007throughJune                30, 2008  |   |
|--------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                             |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| REVENUES                                         |   | $      | -                                                                                          |   | $      | -                                                                                          |   | $      | -                                                                                        |   | $      | -                                                                                        |   | $      | -                                                                                                                                                        |   |
| COST                OF REVENUES                  |   |   | -                                                                                          |   |   | -                                                                                          |   |   | -                                                                                        |   |   | -                                                                                        |   |   | -                                                                                                                                                        |   |
| GROSS                MARGIN                      |   |   | -                                                                                          |   |   | -                                                                                          |   |   | -                                                                                        |   |   | -                                                                                        |   |   | -                                                                                                                                                        |   |
|                                             |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| OPERATING                EXPENSES                |   |   |                                                                                            |   |   |                                                                                            |   |   |                                                                                          |   |   |                                                                                          |   |   |                                                                                                                                                          |   |
| Sales,                general and administrative |   |   | 14,855                                                                                     |   |   | -                                                                                          |   |   | 27,001                                                                                   |   |   | -                                                                                        |   |   | 68,144                                                                                                                                                   |   |
| Total                Operating Expenses          |   |   | 14,855                                                                                     |   |   | -                                                                                          |   |   | 27,001                                                                                   |   |   | -                                                                                        |   |   | 68,144                                                                                                                                                   |   |
|                                             |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| INCOME                FROM OPERATIONS            |   |   | (14,855                                                                                    | )      |   | -                                                                                          |   |   | (27,001                                                                                  | )      |   | -                                                                                        |   |   | (68,144                                                                                                                                                  | )      |
|  OTHER                INCOME (EXPENSE)      |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| Other                income (expense)            |   |   | -                                                                                          |   |   | -                                                                                          |   |   | -                                                                                        |   |   | -                                                                                        |   |   | -                                                                                                                                                        |   |
| Interest                expense                  |   |   | -                                                                                          |   |   | -                                                                                          |   |   | -                                                                                        |   |   | -                                                                                        |   |   | -                                                                                                                                                        |   |
| Total                Other Income (Expense)      |   |   | -                                                                                          |   |   | -                                                                                          |   |   | -                                                                                        |   |   | -                                                                                        |   |   | -                                                                                                                                                        |   |
|                                             |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| LOSS                FROM CONTINUING OPERATIONS   |   |   | (14,855                                                                                    | )      |   | -                                                                                          |   |   | (27,001                                                                                  | )      |   | -                                                                                        |   |   | (68,144                                                                                                                                                  | )      |
|  INCOME                (LOSS) FROM          |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| DISCONTINUED                OPERATIONS           |   |   | -                                                                                          |   |   | (198,047                                                                                   | )      |   | -                                                                                        |   |   | (271,045                                                                                 | )      |   | -                                                                                                                                                        |   |
| NET                (LOSS)                        |   | $      | (14,855                                                                                    | )      | $      | (198,047                                                                                   | )      | $      | (27,001                                                                                  | )      | $      | (271,045                                                                                 | )      | $      | (68,144                                                                                                                                                  | )      |
| BASIC                INCOME (LOSS) PER SHARE     |   | $      | (0.00                                                                                      | )      | $      | (0.01                                                                                      | )      | $      | (0.00                                                                                    | )      | $      | (0.01                                                                                    | )      |   |                                                                                                                                                     |   |
| BASIC                WEIGHTED AVERAGE NUMBER     |   |   |                                                                                       |   |   |                                                                                       |   |   |                                                                                     |   |   |                                                                                     |   |   |                                                                                                                                                     |   |
| OF                SHARES OUTSTANDING             |   |   | 21,331,079                                                                                 |   |   | 21,330,481                                                                                 |   |   | 21,331,079                                                                               |   |   | 21,376,411                                                                               |   |   |                                                                                                                                                     |   |

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**WHITEMARK        HOMES, INC.**

|                                                        |   |   | Common                Stock  |   |   |   |   |   |                     |   |   |               |   |
|-------------------------------------------------------------|--------|--------|-----------------------------------|--------|--------|--------|--------|--------|--------------------------|--------|--------|--------------------|--------|
|                                                        |   |   | Shares                            |   |   | Amount |   |   | AdditionalPaid-InCapital |   |   | AccumulatedDeficit |   |   | Total                Stockholders'Equity(Deficit) |   |
|                                                        |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| Balances                at December                31, 2005 |   |   | 21,657,467                        |   | $      | 21,657 |   | $      | 24,106,069               |   | $      | (22,681,345        | )      | $ | 1,446,381 |   |
|                                                        |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| Stock                issued under dividend                  |   |   | 12,128                            |   |   | 12     |   |   | 2,178                    |   |   | -                  |   |   | 2,190 |   |
| reinvestment                program                         |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| Dividends                payable                            |   |   | -                                 |   |   | -      |   |   | -                        |   |   | (1,492,361         | )      |   | (1,492,361 | ) |
| Net                income for the year                      |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| ended                December 31, 2006                      |   |   | -                                 |   |   | -      |   |   | -                        |   |   | 1,060,591          |   |   | 1,060,591 |   |
|                                                        |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| Balance,                December 31, 2006                   |   |   | 21,669,595                        |   |   | 21,669 |   |   | 24,108,247               |   |   | (23,113,115        | )      |   | 1,016,801 |   |
| Stock                cancelled pursuant to                  |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| lawsuit                settlement                           |   |   | (350,000                          | )      |   | (350   | )      |   | 350                      |   |   | -                  |   |   | - |   |
| Stock                issued under dividend                  |   |   | 11,484                            |   |   | 13     |   |   | 1,849                    |   |   | -                  |   |   | 1,862 |   |
| reinvestment                program                         |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| Net                loss for the year                        |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| ended                December 31, 2007                      |   |   | -                                 |   |   | -      |   |   | -                        |   |   | (1,059,110         | )      |   | (1,059,110 | ) |
| Balance,                December 31, 2007                   |   |   | 21,331,079                        |   |   | 21,332 |   |   | 24,110,446               |   |   | (24,172,225        | )      |   | (40,447 | ) |
| Net                loss for the six months                  |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
| ended                June 30, 2008                          |   |   | -                                 |   |   | -      |   |   | -                        |   |   | (27,001            | )      |   | (27,001 | ) |
| Balance,                June 30, 2008                       |   |   | 21,331,079                        |   | $      | 21,332 |   | $      | 24,110,446               |   | $      | (24,199,226        | )      | $ | (67,448 | ) |
|                                                        |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |
|                                                        |   |   |                              |   |   |   |   |   |                     |   |   |               |   |   |   |   |

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**WHITEMARK        HOMES, INC.**

|                                                          |   |   |  For                  the SixMonths                  EndedJune                  30, |   |   | For                  the Six Months                    EndedJune                  30, |   |   | From                  Inception of                    Development Stage                      on October                        1, 2007                          throughJune                  30 |   |
|---------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                          |   |   | 2008                                                                                     |   |   | 2007                                                                                  |   |   | 2008                                                                                                                                                                                            |   |
| CASH                  FLOWS FROM                              |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| OPERATING                  ACTIVITIES                         |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Net                  income (loss)                            |   | $      | (27,001                                                                                  | )      | $      | (271,045                                                                              | )      | $      | (68,144                                                                                                                                                                                         | )      |
| Adjustments                  to reconcile net income          |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| (loss)                  to net cash provided for (used by)    |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| operating                  activities:                        |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Discontinued                  operations                      |   |   | -                                                                                        |   |   | (19,640                                                                               | )      |   | -                                                                                                                                                                                               |   |
| Changes                  in operating assets and liabilities: |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Accounts                  payable and accrued                 |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| expenses                                                      |   |   | 3,920                                                                                    |   |   | -                                                                                     |   |   | 42,520                                                                                                                                                                                          |   |
| Net                  Cash Provided (Used) by                  |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Operating                  Activities                         |   |   | (23,081                                                                                  | )      |   | (290,685                                                                              | )      |   | (25,624                                                                                                                                                                                         | )      |
| CASH                  FLOWS FROM                              |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| FINANCING                  ACTIVITIES                         |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Discontinued                  operations                      |   |   | -                                                                                        |   |   | (2,091,081                                                                            | )      |   | -                                                                                                                                                                                               |   |
| Proceeds                  from advances payable-related       |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| party                                                         |   |   | 21,500                                                                                   |   |   | -                                                                                     |   |   | 25,372                                                                                                                                                                                          |   |
| Proceeds                  from stock issuance                 |   |   | -                                                                                        |   |   | 1,447                                                                                 |   |   | -                                                                                                                                                                                               |   |
| Net                  Cash Provided by                         |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Financing                  Activities                         |   |   | 21,500                                                                                   |   |   | (2,089,634                                                                            | )      |   | 25,372                                                                                                                                                                                          |   |
| NET                  INCREASE(DECREASE) IN CASH               |   |   | (1,581                                                                                   | )      |   | (2,380,319                                                                            | )      |   | (252                                                                                                                                                                                            | )      |
| CASH                  AT BEGINNING OF PERIOD                  |   |   | 2,025                                                                                    |   |   | 2,542,475                                                                             |   |   | 696                                                                                                                                                                                             |   |
| CASH                  AT END OF PERIOD                        |   | $      | 444                                                                                      |   | $      | 162,156                                                                               |   | $      | 444                                                                                                                                                                                             |   |
| SUPPLEMENTAL                  DISCLOSURES:                    |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Cash                  Paid For:                               |   |   |                                                                                     |   |   |                                                                                  |   |   |                                                                                                                                                                                            |   |
| Income                  Taxes                                 |   | $      | -                                                                                        |   | $      | 85,361                                                                                |   | $      | -                                                                                                                                                                                               |   |
| Interest                                                      |   | $      | -                                                                                        |   | $      | -                                                                                     |   | $      | -                                                                                                                                                                                               |   |

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**WHITEMARK        HOMES, INC.**

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| 3.1        | Articles                  of Incorporation (amended) filed as a part of Form 10-Q/A on November                  30,                  2000 (incorporated by reference)                                                              |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |                                                                                                                                                                                                                                |
| 3.2        | By-Laws                  previously filed with the SEC (incorporated by                  reference)                                                                                                                                 |
|       |                                                                                                                                                                                                                                |
| 10.1       | Agreement                  for Exchange of Corporate Stock previously filed as a part of the                  Form 8-K                  on November 23, 2001 (incorporated by reference)                                            |
|       |                                                                                                                                                                                                                                |
| 10.2       | Global                  Settlement Agreement (filed as a part of Form 8-K on  April                  29, 2003 (incorporated by reference)                                                                                      |
|       |                                                                                                                                                                                                                                |
| 10.3  | As                  previously filed in the Company’s 10Q SB for the period ended June                  30, 2007                                                                                                              |
|       |
| 21.1       | Subsidiaries                  of registrant (filed with 2002 Form 10-KSB, incorporated by                  reference)                                                                                                               |
|       |                                                                                                                                                                                                                                |
| 31.1  | Certification                  by Chief Executive Officer and Acting Principal Financial Officer                  (one                  individual) pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002 |
|       |                                                                                                                                                                                                                                |
| 32.1       | Certification                  by Chief Executive Officer and Acting Principal Financial Officer                  (one individual)  pursuant to Section 906 of the Sarbanes-Oxley                  Act of 2002            |

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|                                          |                                                                                                                 |                                               |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|
|                                          | WHITEMARK HOMES, INC.                                                                                                |
|                                          |                                                                                                                 |                                               |
| Date:              July 14,              2008 |                                                                                                            |                                          |
|                                          |                                                                                                                 |                                               |
|                                          | By:                                                                                                        | /s/              Douglas              Kanter  |
|                                          | Douglas                Kanter                                                                                        |
|                                          | Chief                Executive Officer,President,                and Acting Chief Financial                  Officer |

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