**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**0-51720**

**BLACK      NICKEL ACQUISITION CORP. I**

| **Delaware**                                   |   | **83-0432181**                        |
|------------------------------------------------|--------|---------------------------------------|
| (State                or other jurisdiction of |   | (I.R.S.                employer       |
| incorporation                or organization)  |   | identification                number) |

**300      Colonial Center Parkway**

**Suite      260**

**Roswell,      Georgia 30076**

**No      change**

**Feldman      Weinstein & Smith LLP**

**420      Lexington Avenue**

**Suite      2620**

**New      York, NY 10170**

**Attn:      David N. Feldman, Esq.**

**Tel:      (212) 869-7000**

**Fax:      (212) 997-4242**

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**APPLICABLE      ONLY TO CORPORATE ISSUERS**

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**BLACK      NICKEL ACQUISITION CORP. I**

**—      INDEX —**

**PART      I - FINANCIAL INFORMATION:**

|                                                                                                                                                                                                                                                                                                                                                                | Page   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Item                1. Financial Statements:                                                                                                                                                                                                                                                                                                                        |   |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Balance                Sheet - June 30, 2006 (unaudited)                                                                                                                                                                                                                                                                                                            | F-1    |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Statements                of Operations (unaudited) for the cumulative period during the development                stage May 26, 2005 (inception) through June 30, 2006, the                six months ended June 30, 2006, the three months ended June                30, 2006, and the period from May 26, 2005 (inception) through June                30, 2005 | F-2    |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Statement                of Changes in Stockholders’ Equity for the cumulative period                during the development stage May 26, 2005 (inception) through June                30,                2006 (unaudited)                                                                                                                                    | F-3    |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Statements                of Cash Flows (unaudited) for the cumulative period during the                development stage May 26, 2005 (inception) through June 30, 2006,the                six months ended June 30, 2006, and the period from May 26, 2005                (inception) through June 30, 2005                                                       | F-4    |
|                                                                                                                                                                                                                                                                                                                                                                     |   |
| Notes                to Interim Unaudited Financial Statements                                                                                                                                                                                                                                                                                                      | F-5    |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                2. Management's Discussion and Analysis or Plan of                Operation                                                                                                                                                                                                                                                                     | 1      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                3. Controls and Procedures                                                                                                                                                                                                                                                                                                                      | 1      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| **PART                II - OTHER INFORMATION**:                                                                                                                                                                                                                                                                                                                     |   |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                1. Legal Proceedings                                                                                                                                                                                                                                                                                                                            | 2      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds                                                                                                                                                                                                                                                                   | 2      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                3. Defaults Upon Senior Securities                                                                                                                                                                                                                                                                                                              | 2      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                4. Submission of Matters to a Vote of Security Holders                                                                                                                                                                                                                                                                                          | 2      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                5. Other Information                                                                                                                                                                                                                                                                                                                            | 2      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Item                6. Exhibits and Reports on Form 8-K                                                                                                                                                                                                                                                                                                             | 3      |
|                                                                                                                                                                                                                                                                                                                                                                |   |
| Signatures                                                                                                                                                                                                                                                                                                                                                          | 4      |

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**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

| **BLACK                NICKEL ACQUISITION CORP. I*****A                  Development Stage Company******Balance                      Sheet (Unaudited)*** |  ***June                  30,                  2006*** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------|

| ASSETS                                                                                                                                            |   |   |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|
| ***    Current                Assets***                                                                                       |   |   |    |
| ***        ***Cash                and cash equivalents                                                    |   | $      | 8,128   |   |
| ***        ***Prepaid                expenses                                                             |   |   | 4,166   |   |
|                                                                                                                                              |   |   |    |   |
|                                                                                                                                              |   | $      | 12,294  |   |
|                                                                                                                                              |   |   |    |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                               |   |   |    |   |
| ***    Current                Liabilities***                                                                                  |   |   |    |   |
| ***        ***Accrued                expenses                                                             |   |   | 5,167   |   |
|                                                                                                                                              |   |   |    |   |
| ***    Stockholders'                Equity***                                                                                 |   |   |    |   |
| ***        ***Preferred                stock – $.0001 par value – 10,000,000 shares |   |   |    |   |
| ***            ***authorized;                -0- shares issued and outstanding        |   |   | — |   |
| ***        ***Common                stock – $.0001 par value – 75,000,000 shares    |   |   |    |   |
| ***            ***authorized;                1,500,000 shares issued and outstanding  |   |   | 150     |   |
| ***        ***Additional                paid-in capital                                                   |   |   | 49,850  |   |
| ***        ***Deficit                accumulated during the development stage                             |   |   | (42,873 | ) |
|                                                                                                                                              |   |   |    |   |
|                                                                                                                                              |   |   | 7,127   |   |
|                                                                                                                                              |   |   |    |   |
|                                                                                                                                              |   | $      | 12,294  |   |

| *See              accompanying notes to interim unaudited financial              statements.* | *F-1* |
|-----------------------------------------------------------------------------------------------|-------|

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| **BLACK                NICKEL ACQUISITION CORP. I*****A                  Development Stage Company******Statements                    of Operations (Unaudited)*** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|                                                                                        |   | **Six                Months****Ended****June                30,****2006** |        | **Three                Months****Ended****June                30,****2006** |   | **Period                from****May                26, 2005****(Inception)                through****June                30,****2005** |   | **Cumulative****Period                from****May                26, 2005****(Inception)****through****June                30,****2006** |      |
|---------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|-------------|-----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------|-----------|
| ***Net                Sales***                                                              |   | **$**                                                                     | **—** |                                                                        | **$**  | **—**                                                                                                                            |   | $                                                                                                                                        | —   |   | $ | — |   |
| ***Cost                of Sales***                                                          |   |                                                                      | —     |                                                                        |   | —                                                                                                                                |   |                                                                                                                                     | —   |   |   | — |   |
|                                                                                        |   |                                                                      |        |                                                                        |   |                                                                                                                                   |   |                                                                                                                                     |      |   |   |   |   |
| ***Gross                Profit***                                                           |   |                                                                      | —     |                                                                        |   | —                                                                                                                                |   |                                                                                                                                     | —   |   |   | — |   |
|                                                                                        |   |                                                                      |        |                                                                        |   |                                                                                                                                   |   |                                                                                                                                     |      |   |   |   |   |
| ***General                and Administrative Expenses***                               |   |                                                                      | 25,040      |                                                                        |   | 14,334                                                                                                                                 |   |                                                                                                                                     | 1,250     |   |   | 42,873 |   |
|                                                                                        |   |                                                                      |        |                                                                        |   |                                                                                                                                   |   |                                                                                                                                     |      |   |   |   |   |
| ***Net                (Loss)***                                                             |   | $                                                                         | (25,040     | )                                                                           | $      | (14,334                                                                                                                                | )      | $                                                                                                                                        | (1,250    | ) | $ | (42,873 | ) |
|                                                                                        |   |                                                                      |        |                                                                        |   |                                                                                                                                   |   |                                                                                                                                     |      |   |   |   |   |
| ***Basic                  and Diluted***(Loss) Per Share                                    |   | $                                                                         | (0.02       | )                                                                           | $      | (0.01                                                                                                                                  | )      | $                                                                                                                                        | 0.00      |   | $ | (0.03 | ) |
|                                                                                        |   |                                                                      |        |                                                                        |   |                                                                                                                                   |   |                                                                                                                                     |      |   |   |   |   |
| ***Weighted                  Average Number of Common***Shares                  Outstanding |   |                                                                      | 1,500,000   |                                                                        |   | 1,500,000                                                                                                                              |   |                                                                                                                                     | 1,500,000 |   |   | 1,387,781 |   |

| *See                accompanying notes to interim unaudited financial                statements.* | *F-2* |
|---------------------------------------------------------------------------------------------------|-------|

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| **BLACK                NICKEL ACQUISITION CORP. I*****A                  Development Stage Company******Statement                    of Changes in Stockholders' Equity*** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|                                                                     |   |                               |    |                            |   |           |   |            |      |                               |   |  **(Deficit)**                 |   |       |    |
|--------------------------------------------------------------------------|--------|------------------------------------|---------|---------------------------------|--------|----------------|--------|-----------------|-----------|------------------------------------|--------|-------------------------------------|--------|------------|---------|
|                                                                     |   |                               |    |                            |   |           |   |            |      |                               |   |  **Accumulated**               |   |       |    |
|                                                                     |   |                               |    |                            |   |           |   |            |      |                               |   |  **During                the** |   |       |    |
|                                                                     |   | **Preferred                Stock** |    | **Common                Stock** |   | **Additional** |   | **Development** |      | **Stockholders'**                  |   |
|                                                                     |   | **Shares**                         |    | **Amount**                      |   | **Shares**     |   | **Amount**      |      | **Paid-in                Capital** |   | **Stage**                           |   | **Equity** |    |
| ***Balance                -***                                           |   |                               |    |                            |   |           |   |            |      |                               |   |                                |   |       |    |
| May                26, 2005                                              |   |                               | — |                            | $      | —        |   |            | —   |                               | $      | —                             |   | $          | — |   | $ | — |   | $ | — |   |
|    Issuance                of common stock                |   |                               | — |                            |   | —        |   |            | 1,500,000 |                               |   | 150                                 |   |       | 49,850  |   |   | — |   |   | 50,000 |   |
|    Net                (loss)                              |   |                               | — |                            |   | —        |   |            |      |                               |   | —                             |   |       | — |   |   | (17,833 | ) |   | (17,833 | ) |
|                                                                     |   |                               |    |                            |   |           |   |            |      |                               |   |                                |   |       |    |   |   |   |   |   |   |   |
| **Balance                -**                                             |   |                               |    |                            |   |           |   |            |      |                               |   |                                |   |       |    |   |   |   |   |   |   |   |
| December                31, 2005                                         |   |                               | — |                            |   | —        |   |            | 1,500,000 |                               |   | 150                                 |   |       | 49,850  |   |   | (17,833 | ) |   | 32,167 |   |
|    Net                (loss)                              |   |                               | — |                            |   | —        |   |            | —   |                               |   | —                             |   |       | — |   |   | (25,040 | ) |   | (25,040 | ) |
|                                                                     |   |                               |    |                            |   |           |   |            |      |                               |   |                                |   |       |    |   |   |   |   |   |   |   |
| **Balance                  -**June                  30, 2006 (unaudited) |   |                               | — |                            | $      | —        |   |            | 1,500,000 |                               | $      | 150                                 |   | $          | 49,850  |   | $ | (42,873 | ) | $ | 7,127 |   |

| *See                  accompanying notes to interim unaudited financial                  statements.* | *F-3* |
|-------------------------------------------------------------------------------------------------------|-------|

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| **BLACK                    NICKEL                    ACQUISITION CORP. I*****A                      Development Stage Company******Statements                        of Cash Flows (Unaudited)*** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|                                                                                       |   | **Six                MonthsEnded****June                30,****2006** | ** ** | **Period                From****May                26, 2005,(Inception)ThroughJune                30,2005** | ** ** | **Cumulative                PeriodfromMay 26, 2005,(Inception)ThroughJune                30,****2006** |   |
|--------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|------------|-------------------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------|--------|
| ***Cash                Flows from Operating Activities***                                  |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |
|    Net                (loss)                                                |   | $                                                                     | (25,040    | )                                                                                                           | $          | (1,250                                                                                                 | )      | $ | (42,873 | ) |
|    Adjustments                to reconcile net (loss) to                    |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
|       net                cash (used in) operating activities |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
|          Accrued                expenses      |   |                                                                  | (107       | )                                                                                                           |       | 1,250                                                                                                  |   |   | 5,167 |   |
|          Prepaid                expenses      |   |                                                                  | (4,166     | )                                                                                                           |       | —                                                                                                |   |   | (4,166 | ) |
|                                                                                       |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
|                                                                                       |   |                                                                  | (29,313    | )                                                                                                           |       | —                                                                                                |   |   | (41,872 | ) |
|                                                                                       |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
| ***Cash                Flows from Financing Activities***                                  |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
|    Proceeds                from issuance of common stock                    |   |                                                                  | —    |                                                                                                        |       | —                                                                                                |   |   | 50,000 |   |
|                                                                                       |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
| ***Net                Increase (Decrease) in Cash and Cash                Equivalents***   |   |                                                                  | (29,313    | )                                                                                                           |       | —                                                                                                |   |   | 8,128 |   |
|                                                                                       |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
| ***Cash                and Cash Equivalents –*** beginning                 |   |                                                                  | 37,441     |                                                                                                        |       | —                                                                                                |   |   | — |   |
|                                                                                       |   |                                                                  |       |                                                                                                        |       |                                                                                                   |   |   |   |   |
| ***Cash                and Cash Equivalents –***                end             |   | $                                                                     | 8,128      |                                                                                                        | $          | —                                                                                                |   | $ | 8,128 |   |

| *See                  accompanying notes to interim unaudited financial                  statements.* | *F-4* |
|-------------------------------------------------------------------------------------------------------|-------|

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| **BLACK                    NICKEL                    ACQUISITION CORP. I*****A                      Development Stage Company******Notes                      to Interim Unaudited Financial Statements****June                      30, 2006* |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Management’s      Discussion and Analysis *

***Use      of Estimates***
*—      *

***Loss      Per Common Share***
*treasury      stock*
*modified      treasury stock*

***Fair      Value of Financial Instruments***

***Cash      and Cash Equivalents***

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| **BLACK              NICKEL              ACQUISITION CORP. I*****A                Development Stage Company******Notes                to Interim Unaudited Financial Statements****June                30, 2006* |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Income        Taxes***

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**Item      2. Management’s Discussion and Analysis or Plan of Operation.**

**Item      3. Controls and Procedures.**

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**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds.**

**Item      3. Defaults Upon Senior Securities. **

**Item      4. Submission of Matters to a Vote of Security Holders. **

**Item      5. Other Information. **

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**Item      6. Exhibits and Reports on Form 8-K. **

| Exhibit                  No. |   | Description                                                                                                                                                                                                                                                                                                 |
|------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |   |                                                                                                                                                                                                                                                                                                        |
| *3.1                         |   | Certificate                  of Incorporation, as filed with the Delaware Secretary of State                  on May 26,                  2005.                                                                                                                                                             |
|                         |   |                                                                                                                                                                                                                                                                                                        |
| *3.2                         |   | By-Laws                                                                                                                                                                                                                                                                                                     |
|                         |   |                                                                                                                                                                                                                                                                                                        |
| 10.1                         |   | Letter                  of Intent with InferX Corp.                                                                                                                                                                                                                                                         |
|                         |   |                                                                                                                                                                                                                                                                                                        |
| 31.1                         |   | Certification                  of the Company’s Principal Executive Officer pursuant to Section 302 of                  the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                  Report on Form 10-QSB for the quarter ended June 30,                  2006. |
|                         |   |                                                                                                                                                                                                                                                                                                        |
| 31.2                         |   | Certification                  of the Company’s Principal Financial Officer pursuant to Section 302 of                  the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly                  Report on Form 10-QSB for the quarter ended June 30,                  2006. |
|                         |   |                                                                                                                                                                                                                                                                                                        |
| 32.1                         |   | Certification                  of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section                  1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                  Act of                  2002.                                                              |
|                         |   |                                                                                                                                                                                                                                                                                                        |
| 32.2                         |   | Certification                  of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section                  1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley                  Act of                  2002.                                                              |

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**SIGNATURES**

|                                    |                                          |                                       |
|-----------------------------------------|-----------------------------------------------|--------------------------------------------|
|                                    | BLACK              NICKEL ACQUISITION CORP. I |
|                               |                                     |                                  |
| Date: August              16, 2006 | By:                                 | /s/ Paul              T. Mannion, Jr. |
|                                    | Paul              T. Mannion, Jr., President  |
|                                    |                                          |

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