----

----

**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

| **x** | **Quarterly                Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934.** |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------|

**For      the quarterly period ended September 30, 2006.**

**or**

| **o** | **Transition                Report Pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934.** |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------|

**For      the transition period from ______to______.**

**Commission      file number 333-127329**

**BEDMINSTER      NATIONAL CORP.**

| **[Nevada]**                                   | **20-2779605**                                      |
|------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of | (I.R.S.                Employer Identification No.) |
| incorporation                or organization)  |                                                |

| **90                Washington Valley Road, Bedminster, New Jersey** | **07921**                 |
|----------------------------------------------------------------------|---------------------------|
| (Address                of principal executive offices)              | (Zip                Code) |

**(908)719-8940**

----

**BEDMINSTER      NATIONAL CORP.**

**FINANCIAL      STATEMENTS**

**INDEX**

**PART      I-- FINANCIAL INFORMATION**

| Item                  1. | Financial                  Statements                                              |
|--------------------------|------------------------------------------------------------------------------------|
|                     |                                                                               |
| Item                  2. | Management’s                  Discussion and Analysis of Financial Condition |
|                     |                                                                               |
| Item                  3. | Control                  and Procedures                                            |

**PART        II-- OTHER INFORMATION**

| Item                  1. | Legal                  Proceedings                                   |
|--------------------------|----------------------------------------------------------------------|
|                     |                                                                 |
| Item                  2. | Changes                  in Securities                               |
|                     |                                                                 |
| Item                  3. | Defaults                  Upon Senior Securities                     |
|                     |                                                                 |
| Item                  4. | Submission                  of Matters to a Vote of Security Holders |
|                     |                                                                 |
| Item                  5. | Other                  Information                                   |
|                     |                                                                 |
| Item                  6. | Exhibits                  and Reports on Form 8-K                    |

**Item      1. Financial Information**

----

**BEDMINSTER      NATIONAL CORP.**

**(A      DEVELOPMENT STAGE COMPANY)**

**FINANCIAL      STATEMENTS**

**AS      OF SEPTEMBER 30, 2006**

----

| **BEDMINSTER                  NATIONAL CORP.**                                                                                                                     |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                                                                                 |   |
| **BALANCE                  SHEET**                                                                                                                                 |   |
| **AS                  OF SEPTEMBER 30, 2006**                                                                                                                      |   |
| **(UNAUDITED)**                                                                                                                                                    |   |
|                                                                                                                                                               |   |
|                                                                                                                                                               |   |
| **ASSETS**                                                                                                                                                         |   |
|                                                                                                                                                               |   |
| **CURRENT                  ASSETS**                                                                                                                                |   |   |   |
| Cash                                                                                                                                                               |   | $ | 211,812 |   |
| Prepaid                  expenses                                                                                                                                  |   | $ | 1,708 |   |
| Total                  Current Assets                                                                                                                              |   |   | 213,520 |   |
|                                                                                                                                                               |   |   |   |   |
| **OTHER                  ASSETS**                                                                                                                                  |   |   |   |   |
| Deposits                                                                                                                                                           |   |   | 400 |   |
| Total                  Other Assets                                                                                                                                |   | $ | 400 |   |
|                                                                                                                                                               |   |   |  |   |
| **TOTAL                  ASSETS**                                                                                                                                  |   | $ | 213,920 |   |
|                                                                                                                                                               |   |   |   |   |
|                                                                                                                                                               |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS’ DEFICIT**                                                                                                   |
|                                                                                                                                                               |   |   |   |   |
| **CURRENT                  LIABILITIES**                                                                                                                           |   |   |   |   |
| Accounts                  payable                                                                                                                                  |   | $ | 11,666 |   |
| Accrued                  interest                                                                                                                                  |   |   | 4,629 |   |
| Lines                  of Credit                                                                                                                                   |   |   | 51,935 |   |
| Note                  payable - current portion                                                                                                                    |   |   | 5,603 |   |
| Convertible                  note payable - stockholder, net                                                                                                       |   |   | 226,598 |   |
| Total                  Current Liabilities                                                                                                                         |   |   | 300,431 |   |
|                                                                                                                                                               |   |   |   |   |
| OTHER                  LIABILITIES                                                                                                                                 |   |   |   |   |
| Note                  Payable - net of current portion                                                                                                             |   |   | 43,250 |   |
|                                                                                                                                                               |   |   |   |   |
| **TOTAL                  LIABILITIES**                                                                                                                             |   |   | 343,681 |   |
|                                                                                                                                                               |   |   |   |   |
| **STOCKHOLDERS’                  DEFICIT**                                                                                                                   |   |   |   |   |
| Preferred                  stock, $0.0001 par value, 100,000,000 shares authorized, none issued                  and outstanding, respectively                |   |   | - |   |
| Common                  stock - Class A, $0.0001 par value, 200,000,000 shares authorized,                  6,106,000 shares issued and outstanding                |   |   | 611 |   |
| Common                  stock - Class B, $0.0001 par value, 3,000,000 shares authorized,                  2,158,000                  shares issued and outstanding |   |   | 215 |   |
| Additional                  paid in capital                                                                                                                        |   |   | 135,174 |   |
| Accumulated                  deficit during development stage                                                                                                      |   |   | (265,761 | ) |
| Total                  Stockholders’ Deficit                                                                                                                 |   |   | (129,761 | ) |
|                                                                                                                                                               |   |   |   |   |
| **TOTAL                  LIABILITIES AND STOCKHOLDERS’ DEFICIT**                                                                                             |   | $ | 213,920 |   |
|                                                                                                                                                               |   |   |   |   |

----

| **BEDMINSTER                  NATIONAL CORP.**                                                                                         |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|-----------|----------------------------------------------------------------|--------|---------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                                                     |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |
| **STATEMENTS                  OF OPERATIONS**                                                                                          |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |
| **(UNAUDITED)**                                                                                                                        |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |
|                                                                                                                                   |   | For                  the three Months Ended September 30, 2006 |      | For                  the three Months Ended September 30, 2005 |   | For                  the nine months ended September 30, 2006 |   | For                  the Period from April 22, 2005 (Inception) to September 30,                  2005 |      | For                  the Period from April 22, 2005 (Inception) to September 30,                  2006 |   |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |
| **REVENUES**                                                                                                                           |   | $                                                              | 5,000     |                                                           | $      | -                                                             |   | $                                                                                                      | 23,000    |                                                                                                   | $      | 2,000 |   | $ | 31,000 |   |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| **OPERATING                  EXPENSES**                                                                                                |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| Professional                  fees                                                                                                     |   |                                                           | 20,364    |                                                           |   | 13,665                                                        |   |                                                                                                   | 61,547    |                                                                                                   |   | 15,140 |   |   | 66,979 |   |
| General                  and administrative                                                                                            |   |                                                           | 85,369    |                                                           |   | 33,421                                                        |   |                                                                                                   | 162,139   |                                                                                                   |   | 37,120 |   |   | 216,373 |   |
| Total                  Operating Expenses                                                                                              |   |                                                           | 105,733   |                                                           |   | 47,086                                                        |   |                                                                                                   | 223,686   |                                                                                                   |   | 52,260 |   |   | 283,352 |   |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| **LOSS                  FROM OPERATIONS**                                                                                              |   |                                                           | (100,733  | )                                                              |   | (47,086                                                       | )      |                                                                                                   | (200,686  | )                                                                                                      |   | (50,260 | ) |   | (252,352 | ) |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| **OTHER                  INCOME (EXPENSE)**                                                                                            |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| Interest                                                                                                                               |   |                                                           | (10,668   | )                                                              |   | -                                                             |   |                                                                                                   | (12,659   | )                                                                                                      |   | - |   |   | (12,659 | ) |
| Total                  Other Inocme (Expense)                                                                                          |   |                                                           | (10,668   | )                                                              |   | -                                                             |   |                                                                                                   | (12,659   | )                                                                                                      |   | - |   |   | (12,659 | ) |
|                                                                                                                                   |   |                                                           |           |                                                           |   |                                                               |   |                                                                                                   |           |                                                                                                   |   |  |   |   |  |   |
| **NET                  LOSS BEFORE INCOME TAXES**                                                                                      |   |                                                           | (111,401  | )                                                              |   | (47,086                                                       | )      |                                                                                                   | (213,345  | )                                                                                                      |   | (50,260 | ) |   | (265,011 | ) |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| Provision                  for Income Taxes                                                                                            |   |                                                           | -         |                                                           |   | -                                                             |   |                                                                                                   | 750       |                                                                                                   |   | - |   |   | 750 |   |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| **NET                  LOSS**                                                                                                          |   |                                                           | (111,401  | )                                                              |   | (47,086                                                       | )      |                                                                                                   | (214,095  | )                                                                                                      |   | (50,260 | ) |   | (265,761 | ) |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| Net                  loss per share - basic and diluted                                                                                |   | $                                                              | (0.01     | )                                                              | $      | (0.01                                                         | )      | $                                                                                                      | (0.03     | )                                                                                                      | $      | (0.01 | ) | $ | (0.03 | ) |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |
| Weighted                  average number of shares outstanding during the period - basic                  and                  diluted |   |                                                           | 7,927,043 |                                                           |   | 7,533,750                                                     |   |                                                                                                   | 7,785,795 |                                                                                                   |   | 7,352,000 |   |   | 7,640,270 |   |
|                                                                                                                                   |   |                                                           |      |                                                           |   |                                                          |   |                                                                                                   |      |                                                                                                   |   |   |   |   |   |   |

----

| **BEDMINSTER                  NATIONAL CORP.**                                                             |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |
|------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|--------------------------------------|--------|------------|--------------|------------------|--------|------------|--------|----------|--------------|----------------|--------|-------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                         |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |
| **STATEMENT                  OF STOCKHOLDERS’ DEFICIT**                                              |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |
| **FOR                  THE PERIOD FROM APRIL 22, 2005 (INCEPTION) TO SEPTEMBER 30,                  2006** |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |
| **(UNAUDITED)**                                                                                            |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |
|                                                                                                       |   | **Preferred                  Stock** |   | **Common                  Stock _A** |   | **Common                  Stock -B** |   |       |         | **Subscription** |   | **Accum**  |   |     |         |
|                                                                                                       |   | **Shares**                           |   | **Amount**                           |   | **Shares**                           |   | **Amount** |         | **Shares**       |   | **Amount** |   | **APIC** |         | **Receivable** |   | **Deficit** |   | **Total** |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |
| Common                  stock issued to                                                                    |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |
| founders                  for cash                                                                         |   |                                 | -      |                                 | $      | -                                    |   |       | 5,000,000    |             | $      | 500        |   |     | 2,000,000    |           | $      | 200         |   | $ | 4,300 |   | $ | (4,500 | ) | $ | - |   | $ | 500 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| for                  cash                                                                                  |   |                                 | -      |                                 |   | -                                    |   |       | 235,000      |             |   | 24         |   |     | 94,000       |           |   | 9           |   |   | 23,467 |   |   | - |   |   | - |   |   | 23,500 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued for services                                                          |   |                                 | -      |                                 |   | -                                    |   |       | 275,000      |             |   | 27         |   |     | 110,000      |           |   | 11          |   |   | 27,462 |   |   | - |   |   | - |   |   | 27,500 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-Kind                  Contribution of services                                                          |   |                                 | -      |                                 |   | -                                    |   |       | -            |             |   | -          |   |     | -            |           |   | -           |   |   | 5,000 |   |   | - |   |   | - |   |   | 5,000 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                  collected on subscription rec                                                        |   |                                 | -      |                                 |   | -                                    |   |       | -            |             |   | -          |   |     | -            |           |   | -           |   |   | - |   |   | 4,500 |   |   | - |   |   | 4,500 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Preferred                  Stock                                                                           |   |                                 | -      |                                 |   | -                                    |   |       | -            |             |   | -          |   |     | -            |           |   | -           |   |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the period April 22, 2005                                                    |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (inception)                  to December 31, 2005                                                          |   |                                 | -      |                                 |   | -                                    |   |       | -            |             |   | -          |   |     | -            |           |   | -           |   |   | - |   |   | - |   |   | 51,666 |   |   | 51,666 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **December                  31, 2005 Balance**                                                             |   |                                 | -      |                                 |   | -                                    |   |       | 5,510,000    |             |   | 551        |   |     | 2,204,000.00 |           |   | 220         |   |   | 60,229 |   |   | - |   |   | 51,666 |   |   | 9,334 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                  stock issued for cash                                                              |   |                                 | -      |                                 |   | -                                    |   |       | 550,000      |             |   | 55         |   |     | -            |           |   | -           |   |   | 54,945 |   |   | - |   |   | - |   |   | 55,000 |   |
| ($0.10                  per share)                                                                         |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Conversion                  of Class B shares to                                                           |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Class                  A Shares                                                                            |   |                                 | -      |                                 |   | -                                    |   |       | 46,000       |             |   | 5          |   |     | (46,000      | )              |   | (5          | )      |   | - |   |   | - |   |   | - |   |   | - |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| In-kind                  contribution of services                                                          |   |                                 | -      |                                 |   | -                                    |   |       | -            |             |   | -          |   |     | -            |           |   | -           |   |   | 20,000 |   |   | - |   |   | - |   |   | 20,000 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss for the nine months                                                              |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ended                  September 30, 2006                                                                  |   |                                 | -      |                                 |   | -                                    |   |       | -            |             |   | -          |   |     | -            |           |   | -           |   |   | - |   |   | - |   |   | 214,095 |   |   | 214,095 |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       | 6,106,000.00 |             | $      | 611        |   |     | 2,158,000.00 |           | $      | 215         |   | $ | 135,174 |   |   | - |   | $ | 265,761 |   |   | (129,761 | ) |
|                                                                                                       |   |                                 |   |                                 |   |                                 |   |       |         |             |   |       |   |     |         |           |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **BEDMINSTER                  NATIONAL CORP.**                                                                |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
|---------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|----------|--------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|--------|
| **(A                  DEVELOPMENT STAGE COMPANY)**                                                            |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
| **STATEMENTS                  OF CASH FLOWS**                                                                 |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
| **(UNAUDITED)**                                                                                               |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
|                                                                                                          |   | For                  the Nine Months Ended September 30, 2006 |     | For                  the Period from April 22, 2005 (Inception) to September 30,                  2005 |   | For                  the Period from April 22, 2005 (Inception) to September 30,                  2006 |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
| **CASH                  FLOWS FROM OPERATING ACTIVITIES:**                                                    |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |
| Net                  loss                                                                                     |   | $                                                             | (214,095 | )                                                                                                      | $      | (50,260                                                                                                | )      | $ | (265,761 | ) |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities: |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| amortization                  of note payable discount                                                        |   |                                                          | 6,598    |                                                                                                   |   | -                                                                                                      |   |   | 6,598 |   |
| Stock                  issued for services                                                                    |   |                                                          |     |                                                                                                   |   | 27,500                                                                                                 |   |   | 27,500 |   |
| In-kind                  contribution of services                                                             |   |                                                          | 20,000   |                                                                                                   |   | 5,000                                                                                                  |   |   | 25,000 |   |
| Changes                  in operating assets and liabilities:                                                 |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Increase                  in accounts payable and accrued expenses                                            |   |                                                          | 13,230   |                                                                                                   |   | 4,148                                                                                                  |   |   | 16,295 |   |
| Increase                  in deposits                                                                         |   |                                                          |     |                                                                                                   |   | (400                                                                                                   | )      |   | (400 | ) |
| Increase                  in prepaid                                                                          |   |                                                          | (1,708   | )                                                                                                      |   |                                                                                                        |   |   | (1,708 | ) |
| Net                  Cash Used In Operating Activities                                                        |   |                                                          | (175,975 | )                                                                                                      |   | (14,012                                                                                                | )      |   | (192,476 | ) |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| **CASH                  FLOWS FROM INVESTING ACTIVITIES**                                                     |   |                                                          | -        |                                                                                                   |   | -                                                                                                      |   |   | - |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES**                                                     |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| Proceeds                  from issuance of common stock                                                       |   |                                                          | 55,000   |                                                                                                   |   | 24,000                                                                                                 |   |   | 79,000 |   |
| Proceeds                  on notes payable                                                                    |   |                                                          | 50,000   |                                                                                                   |   |                                                                                                   |   |   | 50,000 |   |
| Proceeds                  on convertible notes payable - shareholder                                          |   |                                                          | 220,000  |                                                                                                   |   |                                                                                                   |   |   | 220,000 |   |
| Proceeds                  from lines of credit                                                                |   |                                                          | 51,935   |                                                                                                   |   |                                                                                                   |   |   | 51,935 |   |
| Proceeds                  from stockholder loans                                                              |   |                                                          |     |                                                                                                   |   | 699                                                                                                    |   |   | 699 |   |
| Repayment                  of notes payable                                                                   |   |                                                          | (1,147   | )                                                                                                      |   |                                                                                                   |   |   | (1,147 | ) |
| Repayment                  of stockholder loans                                                               |   |                                                          | (699     | )                                                                                                      |   |                                                                                                   |   |   | (699 | ) |
| Collection                  of subscription receivable                                                        |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   | 4,500 |   |
|                                                                                                          |   |                                                          |          |                                                                                                   |   |                                                                                                        |   |   |  |   |
| Net                  Cash Provided By Financing Activities                                                    |   |                                                          | 375,089  |                                                                                                   |   | 24,699                                                                                                 |   |   | 404,288 |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| NET                  INCREASE IN CASH                                                                         |   |                                                          | 199,114  |                                                                                                   |   | 10,687                                                                                                 |   |   | 211,812 |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                             |   |                                                          | 12,698   |                                                                                                   |   | -                                                                                                      |   |   | - |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS AT END OF PERIOD                                                   |   | $                                                             | 211,812  |                                                                                                   | $      | 10,687                                                                                                 |   | $ | 211,812 |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |
|                                                                                                          |   |                                                          |     |                                                                                                   |   |                                                                                                   |   |   |   |   |

----

**BEDMINSTER          NATIONAL CORP.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**AS          OF SEPTEMBER 30, 2006**

**(UNAUDITED)**

**NOTE        1**
**SUMMARY        OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION**

***(A)Basis        of Presentation***

***(B)        Organization***

***(C)        Use of Estimates***

***(D)        Cash Equivalents***

----

**BEDMINSTER            NATIONAL CORP.**

**(A            DEVELOPMENT STAGE COMPANY)**

**NOTES            TO FINANCIAL STATEMENTS**

**AS            OF SEPTEMBER 30, 2006**

**(UNAUDITED)**

***(E)        Income Taxes***

***(F)        Loss Per Share***

***(G)        Business Segments***

***(H)        Revenue Recognition***

***(H)        Financial Instruments***

----

**BEDMINSTER          NATIONAL CORP.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**AS          OF SEPTEMBER 30, 2006**

**(UNAUDITED)**

***(J)        Recent Accounting Pronouncements***

**NOTE        2**
**STOCKHOLDERS’        DEFICIT**

***(A)        Common Stock Issued for Cash***

***(B)        In-Kind Contribution***

***(C)        Common Stock Issued for Services***

***(D)        Conversion of Class A to Class B***

----

**BEDMINSTER          NATIONAL CORP.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**AS          OF SEPTEMBER 30, 2006**

**(UNAUDITED)**

**NOTE        3**
**RELATED        PARTY TRANSACTIONS**

**NOTE        4**
**CONCENTRATIONS**

**NOTE        5**
**LINES        OF CREDIT**

**NOTE        **

**6**

**NOTES        PAYABLE**

----

**BEDMINSTER          NATIONAL CORP.**

**(A          DEVELOPMENT STAGE COMPANY)**

**NOTES          TO FINANCIAL STATEMENTS**

**AS          OF SEPTEMBER 30, 2006**

**(UNAUDITED)**

**NOTE        7**
**CONVERTIBLE        NOTES PAYABLE - SHAREHOLDER**

|                                          |   |   |   |
|-----------------------------------------------|--------|--------|--------|
| Notes                    payable - face value |   | $      | 25,000 |   |
| Notes                    payable - discount   |   |   | 2,708  |   |
|                                          |   |   |   |   |
| Notes                    payable - net        |   | $      | 22,292 |   |

|                                          |   |   |    |
|-----------------------------------------------|--------|--------|---------|
| Notes                    payable - face value |   | $      | 250,000 |   |
| Notes                    payable - discount   |   |   | 45,694  |   |
|                                          |   |   |    |   |
| Notes                    payable - net        |   | $      | 204,306 |   |

**NOTE        8**
**EQUITY        INVESTMENT AGREEMENT**

----

**BEDMINSTER        NATIONAL CORP.**

**(A        DEVELOPMENT STAGE COMPANY)**

**NOTES        TO FINANCIAL STATEMENTS**

**AS        OF SEPTEMBER 30, 2006**

**(UNAUDITED)**

**NOTE        9**
**GOING        CONCERN**

**NOTE        **

**11**

**SUBSEQUENT        EVENTS**

----

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

----

----

**Item      3. Controls and Procedures**

----

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      2. Changes in Securities.**

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

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

**Item      5. Other Information.**

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

----

**SIGNATURES**

|                                         | **BEDMINSTER                NATIONAL CORP.**          |
|----------------------------------------------|-------------------------------------------------------|
|                                         | Registrant                                            |
|                                         |                                                  |
|  Date:                November 13, 2006 | By:                */s/                Paul Patrizio* |
|                                         | Paul                Patrizio                          |
|                                         | President,                Chief Executive Officer,    |
|                                         | Chairman                of Board of Directors         |