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

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|                                                                                                  | Page   |
|-------------------------------------------------------------------------------------------------------|--------|
| Part                  I: Financial Information                                                        |   |
|                                                                                                  |   |
| Item                  1: Financial Statements (Unaudited)                                             | 3      |
|                                                                                                  |   |
| Item                  2: Management's Discussion and Analysis or Plan of                  Operation   | 8      |
|                                                                                                  |   |
| Item                  3: Controls and Procedures                                                      | 9      |
|                                                                                                  |   |
| 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                          | 10     |
|                                                                                                  |   |
| Item                  5: Other Information.                                                           | 10     |
|                                                                                                  |   |
| Item                  6: Exhibits                                                                     | 11     |
|                                                                                                  |   |
| Signatures                                                                                            | 12     |

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**WHITEMARK      HOMES, INC.**

|                                                                                                                                 |   | March                31,          |        | December                31,  |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|-------------|------------------------------|--------|
|                                                                                                                                 |   | 2008                              |        | 2007                         |   |
|                                                                                                                                 |   |                  (unaudited) |        |                    |   |
| ASSETS                                                                                                                               |   |                              |        |                         |   |
| CURRENT                ASSETS                                                                                                        |   |                              |        |                         |   |
|                                                                                                                                 |   |                              |        |                         |   |
| Cash                and cash equivalents                                                                                             |   | $                                 | 487         |                         | $      | 2,025 |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| Total                Current Assets                                                                                                  |   |                              | 487         |                         |   | 2,025 |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| TOTAL                ASSETS                                                                                                          |   | $                                 | 487         |                         | $      | 2,025 |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                        |   |                              |        |                         |   |   |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| CURRENT                LIABILITIES                                                                                                   |   |                              |        |                         |   |   |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| Advances                payable-related party                                                                                        |   | $                                 | 11,872      |                         | $      | 3,872 |   |
| Accounts                payable and accrued expenses                                                                                 |   |                              | 41,208      |                         |   | 38,600 |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| Total                Current Liabilities                                                                                             |   |                              | 53,080      |                         |   | 42,472 |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| STOCKHOLDERS'                EQUITY (DEFICIT)                                                                                        |   |                              |        |                         |   |   |   |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| Common                stock - $0.001 par value; 100,000,000shares authorized;                21,331,079shares issued and outstanding |   |                              | 21,332      |                         |   | 21,332 |   |
| Additional                paid-in capital                                                                                            |   |                              | 24,110,446  |                         |   | 24,110,446 |   |
| Accumulated                deficit                                                                                                   |   |                              | (24,184,371 | )                            |   | (24,172,225 | ) |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| Total                Stockholders' Equity (Deficit)                                                                                  |   |                              | (52,593     | )                            |   | (40,447 | ) |
|                                                                                                                                 |   |                              |        |                         |   |   |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                  |   | $                                 | 487         |                         | $      | 2,025 |   |

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**WHITEMARK      HOMES, INC.**

|                                                               |   | For the ThreeMonths EndedMarch 31,2008 |       | For the ThreeMonths EndedMarch 31,2007 |   | From Inceptionof DevelopmentStage onOctober 1,2007 throughMarch 31,2008 |   |
|--------------------------------------------------------------------|--------|------------------------------------------------------------|------------|------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|--------|
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |
| REVENUES                                                           |   | $                                                          | -          |                                                       | $      | -                                                                                                     |   | $ | - |   |
| COST                OF REVENUES                                    |   |                                                       | -          |                                                       |   | -                                                                                                     |   |   | - |   |
| GROSS                MARGIN                                        |   |                                                       | -          |                                                       |   | -                                                                                                     |   |   | - |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| OPERATING                EXPENSES                                  |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| Sales,                general and administrative                   |   |                                                       | 12,146     |                                                       |   | -                                                                                                     |   |   | 53,289 |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| Total                Operating Expenses                            |   |                                                       | 12,146     |                                                       |   | -                                                                                                     |   |   | 53,289 |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| INCOME                FROM OPERATIONS                              |   |                                                       | (12,146    | )                                                          |   | -                                                                                                     |   |   | (53,289 | ) |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| OTHER                INCOME (EXPENSE)                              |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| Other                income (expense)                              |   |                                                       | -          |                                                       |   | -                                                                                                     |   |   | - |   |
| Interest                expense                                    |   |                                                       | -          |                                                       |   | -                                                                                                     |   |   | - |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| Total                Other Income (Expense)                        |   |                                                       | -          |                                                       |   | -                                                                                                     |   |   | - |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| LOSS                FROM CONTINUING OPERATIONS                     |   |                                                       | (12,146)   |                                                       |   | -                                                                                                     |   |   |  (53,289 | )  |
| INCOME                (LOSS) FROM                                  |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| DISCONTINUED                OPERATIONS                             |   |                                                       | -          |                                                       |   | (72,998                                                                                               | )      |   | - |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| NET                (LOSS)                                          |   | $                                                          | (12,146    | )                                                          | $      | (72,998                                                                                               | )      | $ | (53,289 | ) |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| BASIC                INCOME (LOSS) PER SHARE                       |   | $                                                          | (0.00      | )                                                          | $      | (0.00                                                                                                 | )      |   |   |   |
|                                                               |   |                                                       |       |                                                       |   |                                                                                                  |   |   |   |   |
| BASIC                WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |   |                                                       | 21,331,079 |                                                       |   | 21,413,398                                                                                            |   |   |   |   |

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**WHITEMARK      HOMES, INC.**

|                                                                                |   |              |       |    |   |        |   |    |       | Total         |   |
|-------------------------------------------------------------------------------------|--------|-------------------|------------|---------|--------|-------------|--------|---------|------------|---------------|--------|
|                                                                                |   |              |       |    |   | Additional  |   |    |       | Stockholders' |   |
|                                                                                |   | Common Stock |       | Paid-In |   | Accumulated |   | Equity  |       |
|                                                                                |   | Shares            |       | Amount  |   | Capital     |   | Deficit |       | (Deficit)     |   |
|                                                                                |   |              |       |    |   |        |   |    |       |          |   |
| Balances                at December 31, 2005                                        |   |              | 21,657,467 |    | $      | 21,657      |   | $       | 24,106,069 |          | $      | (22,681,345 | ) | $ | 1,446,381 |   |
|                                                                                |   |              |       |    |   |        |   |    |       |          |   |   |   |   |   |   |
| Stock                issued under dividend reinvestment program                     |   |              | 12,128     |    |   | 12          |   |    | 2,178      |          |   | - |   |   | 2,190 |   |
|                                                                                |   |              |       |    |   |        |   |    |       |          |   |   |   |   |   |   |
| 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 reinvestment                program |   |              | 11,484     |    |   | 13          |   |    | 1,849      |          |   | - |   |   | 1,862 |   |
|                                                                                |   |              |       |    |   |        |   |    |       |          |   |   |   |   |   |   |
| 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 three months ended March 31, 2008                   |   |              | -          |    |   | -           |   |    | -          |          |   | (12,146 | ) |   | (12,146 | ) |
|                                                                                |   |              |       |    |   |        |   |    |       |          |   |   |   |   |   |   |
| Balance,                March 31, 2008                                              |   |              | 21,331,079 |    | $      | 21,332      |   | $       | 24,110,446 |          | $      | (24,184,371 | ) | $ | (52,593 | ) |

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**WHITEMARK      HOMES, INC.**

|                                                                                                                              |   | For the ThreeMonths EndedMarch 31,2008 |    | For the ThreeMonths EndedMarch 31,2007 |   | From Inceptionof DevelopmentStage onOctober 1,2007 throughMarch 31,2008 |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------|---------|------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|--------|
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                                               |   |                                                       |    |                                                       |   |                                                                                                  |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |
| Net                income (loss)                                                                                                  |   | $                                                          | (12,146 | )                                                          | $      | (72,998                                                                                               | )      | $ | (53,289 | ) |
| Adjustments                to reconcile net income (loss) to net cash provided for (used by)                operating activities: |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Discontinued                operations                                                                                            |   |                                                       | -       |                                                       |   | 502,698                                                                                               |   |   | - |   |
| Changes                in operating assets and liabilities:                                                                       |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Accounts                payable and accrued expenses                                                                              |   |                                                       | 2,608   |                                                       |   | -                                                                                                     |   |   | 41,208 |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Net                Cash Provided (Used) by Operating Activities                                                                   |   |                                                       | (9,538  | )                                                          |   | 429,700                                                                                               |   |   | (12,081 | ) |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                                               |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Discontinued                operations                                                                                            |   |                                                       | -       |                                                       |   | (2,090,033                                                                                            | )      |   | - |   |
| Proceeds                from advances payable-related party                                                                       |   |                                                       | 8,000   |                                                       |   | -                                                                                                     |   |   | 11,872 |   |
| Proceeds                from stock issuance                                                                                       |   |                                                       | -       |                                                       |   | 1,230                                                                                                 |   |   | - |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Net                Cash Provided by Financing Activities                                                                          |   |                                                       | 8,000   |                                                       |   | (2,088,803                                                                                            | )      |   | 11,872 |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| NET                INCREASE (DECREASE) IN CASH                                                                                    |   |                                                       | (1,538  | )                                                          |   | (1,659,103                                                                                            | )      |   | (209 | ) |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| CASH                AT BEGINNING OF PERIOD                                                                                        |   |                                                       | 2,025   |                                                       |   | 2,542,475                                                                                             |   |   | 696 |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| CASH                AT END OF PERIOD                                                                                              |   | $                                                          | 487     |                                                       | $      | 883,372                                                                                               |   | $ | 487 |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURES:                                                                                          |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
|                                                                                                                              |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Cash                Paid For:                                                                                                     |   |                                                       |    |                                                       |   |                                                                                                  |   |   |   |   |
| Income                Taxes                                                                                                       |   | $                                                          | -       |                                                       | $      | 75,886                                                                                                |   | $ | - |   |
| Interest                                                                                                                          |   | $                                                          | -       |                                                       | $      | -                                                                                                     |   | $ | - |   |

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**WHITEMARK      HOMES, INC.**

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| (B)   | Changes                In Internal Control over Financial                Reporting |
|-----------------|------------------------------------------------------------------------------------|

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|   | (a.)   | Exhibits                                                                                                                                                                                                                                                            |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                |
|   | 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 March                  31, 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                  pursuant                  to Section 906 of the Sarbanes-Oxley Act of                  2002                                                  |

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| /s/              Douglas Kanter                                        |
|-----------------------------------------------------------------------------|
| Douglas                Kanter                                               |
| Chief                Executive Officer,                                     |
| President,                and Acting Chief Financial                Officer |

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