**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10−QSB**


(Mark
      One)


**x
      QUARTERLY REPORT UNDER
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**





For
      the
      quarterly period ended: March 31, 2007





**o
      TRANSITION REPORT UNDER
      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**





For
      the
      transition period from ____________ to _____________





**Commission
      File No. 0-32433**





**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**


(Exact
      Name of Small Business Issuer as Specified in Its Charter)




DELAWARE
            
            84-1300072(State
                or Other Jurisdiction of
              Incorporation
                or Organization)
            
            (I.R.S.
                Empl.
                Ident.No.)





c/o
      Shixin Enterprise Application Software (Shanghai) Co., Ltd.


28/F.,
      Citigroup Tower, 33 Huanyuanshiqiao Rd., Pudong, Shanghai, China, 200120


(Address
      of Principal Executive Offices)





86-21-5878
      7297


(Registrant’s
      Telephone Number, Including Area Code)






Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days. Yes x No
o





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).   Yes
x No
      o





The
      numbers of shares outstanding of each of the issuer’s classes of common equity,
      as of March 31, 2007, are as follows:




Class
                of Securities
              
              
              Shares
                  OutstandingCommon
                  Stock, $0.00001 par value
              
              
              1,910,150




Transitional
      Small Business Disclosure Format (check one): Yes o No
x









**PART
      I**





**ITEM
      1.**  **FINANCIAL
      STATEMENTS**





**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**UNAUDITED
      CONDENSED BALANCE SHEET**





**MARCH
      31, 2007**





**ASSETS**Current
                assets:Prepaid
                expenses
            
            $
            2,170Total
                Assets
            
            $
            2,170**LIABILITIES
                AND STOCKHOLDERS’ EQUITY**Current
                liabilities:Accrued
                liabilities
            
            $
            10,927Due
                to stockholder - accrued interest and other
            
            
            141,540Note
                payable to stockholder
            
            
            101,500Total
                Current Liabilities
            
            
            253,967**STOCKHOLDERS’
                DEFICIENCY**Preferred
                stock- $.00001 par value;20,000,000
                shares- authorizedissued
                and outstanding - none
            
            
            -Common
                stock - $.00001 par value;500,000,000
                shares - authorized1,910,150
                shares issued and outstanding
            
            
            19Additional
                paid-in-capital
            
            
            727,532Accumulated
                deficit
            
            
            (979,348
            )Total
                Stockholders’ Deficiency
            
            
            (251,797
            )Total
                Liabilities and Stockholders’ Deficiency
            
            $
            2,170


The
        accompanying notes are an integral part of the condensed financial
        statements.


-
          2 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**UNAUDITED
      CONDENSED STATEMENTS OF OPERATIONS**




Three
                Months Ended
              March
                31,2007
            
            2006Revenue
            
            $
            -
            
            $
            -General
                and administrative expenses
            
            
            5,448
            
            
            20,590Operating
                loss
            
            
            (5,448
            )
            
            (20,590
            )Other
                Income and (Expenses):Interest
                expense
            
            
            (2,030
            )
            
            (2,030
            )Net
                loss
            
            $
            (7,478
            )
            $
            (22,620
            )Basic
                and diluted net income (loss) per commonshare
                - before and after extraordinary item
            
            $
            0.00
            
            $
            (0.01
            )Weighted
                average shares outstanding
            
            
            1,910,150
            
            
            1,910,150




The
      accompanying notes are an integral part of the
      condensed financial statements.





-
          3 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**UNAUDITED
      CONDENSED STATEMENTS OF CASH FLOWS**




For
                the Three Months Ended
              March
                31,2007
            
            2006Net
                loss
            
            $
            (7,478
            )
            $
            (22,620
            )Adjustments
                to reconcile net (loss) to net cash used in operating
                activities:Changes
                in operating assets and liabilities:Accrued
                liabilities
            
            
            (3,172
            )
            
            3,585Prepaid
                expenses
            
            
            1,120
            
            
            7,916Net
                cash used in operating activities
            
            
            (9,530
            )
            
            (11,119
            )Cash
                flows from financing activitiesDue
                to stockholder
            
            
            9,530
            
            
            11,119Net
                cash flows provided by financing activities:
            
            
            9,530
            
            
            11,119Net
                increase (decrease) in cash
            
            
            -
            
            
            -Cash
                - beginning of period
            
            
            -
            
            
            -Cash
                - end of period
            
            $
            -
            
            $
            -




The
      accompanying notes are an integral part of the
      condensed financial statements.




-
          4 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**





1.
      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES





The
      accompanying unaudited condensed financial statements have been prepared in
      accordance with accounting principles generally accepted in the United States
      of
      America for interim financial information and with the instructions to Form
      10-QSB and Item 310 of Regulation S-B. Accordingly, they do not include all
      of
      the information and footnotes required by accounting principles generally
      accepted in the United States of America for annual financial statements. In
      the
      opinion of management, all adjustments, consisting of normal recurring accruals
      considered necessary for a fair presentation, have been included. Operating
      results for the three months ended March 31, 2007 are not necessarily indicative
      of the results that may be expected for the year ending December 31, 2007.
      For
      further information, refer to the financial statements and footnotes thereto
      included in the Form 10-KSB for the year ended December 31, 2006.





DESCRIPTION
      OF BUSINESS





The
      financial statements presented are those of Business Development Solutions,
      Inc.(the “Company” or “BDS”) formerly, AMCO Transport Holdings, Inc., which was
      Atlas Republic Corporation (“Atlas”). The Company was incorporated on January
      28, 1987 under the laws of the State of Colorado. Prior to 1997, the Company
      through its subsidiary, Geda Laboratories (Canada) Limited (“Geda”), had
      acquired the exclusive distribution rights in Canada to certain proprietary
      products, including a topical (skin) barrier lotion and an antiseptic
      spermicide. Geda purchased inventory stocks of these products and aggressively
      tried to market and sell these products. Since 1997, Geda has been inactive
      and
      in April 2002 was dissolved.





The
      Company formed a Delaware subsidiary on April 18, 2002, AMCO Transport Holdings,
      Inc. AMCO was formed for the sole purpose of reincorporating the company in
      the
      state of Delaware. On November 18, 2002, after obtaining the requisite
      stockholder approval at a stockholders' meeting held on November 13, 2002,
      the
      Company was reincorporated as a Delaware corporation through the merger. As
      a
      result of the merger, the Company's name was changed to AMCO Transport Holdings,
      Inc. Upon consummation of the merger, each share of the Company's common stock
      was automatically exchanged for one share of the common stock of the Delaware
      corporation. On February 27, 2006 the Company changed its name to Business
      Development Solutions, Inc. The Company's common stock continues to be quoted
      on
      the NASD over-the-counter bulletin board. The symbol for the common stock is
      “BDEV.OB”.




-
          5 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**





1.
      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      -(CONTINUED)





CAPITAL
      RESOURCES AND BUSINESS RISKS





The
      Company's future operations are subject to all of the risks inherent in the
      establishment of a new business enterprise. At March 31, 2007 current
      liabilities exceeded current assets by $251,797.





The
      financial statements have been prepared on the basis that the Company will
      continue as a going concern, which contemplates the realization and satisfaction
      of liabilities and commitments in the normal course of business. At March 31,
      2007, the Company had an accumulated deficit of $979,348. Operations to date
      have been primarily financed by stockholder debt and equity transactions. As
      a
      result, the Company's future operations are dependent upon the identification
      and successful completion of permanent equity financing, the continued support
      of shareholders and ultimately, the achievement of profitable operations. These
      financial statements do not include any adjustments relating to the
      recoverability and classification of recorded asset amounts nor to amounts
      and
      classification of liabilities that may be necessary should it be unable to
      continue as a going concern.





RESULTS
      OF OPERATIONS





During
      the three months ended March 31, 2007 and 2006, the Company has engaged in
      no
      business operations other than the acquisition of capital for general and
      administrative expenses. During this year, the Company received no operating
      revenues. General and administrative expenses consist primarily of professional
      fees.





The
      Company is seeking to carry out its plan of business to complete a merger or
      business acquisition transaction. The Company's existing capital will not be
      sufficient to meet the Company's cash needs, including complying with its
      continuing reporting obligation under the Securities Exchange Act of 1934.
      Accordingly, additional capital will be required by either the major stockholder
      or other equity financing.





-
          6 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**





1.
      ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      -(CONTINUED)





USE
      OF
      ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS





The
      preparation of financial statements in conformity with generally accepted
      accounting principles requires management to make estimates and assumptions
      that
      affect the reported amounts of assets and liabilities and disclosure of
      contingent assets and liabilities at the date of the financial statements and
      the reported amounts of revenues and expenses during the period. Actual results
      could differ from those estimates.





FAIR
      VALUE OF FINANCIAL INSTRUMENTS





Statement
      of Financial Accounting Standards No. 107, Disclosures about Fair Value of
      Financial Instruments (“SFAS 107”), requires entities to disclose the fair
      values of financial instruments except when it is not practical to do so. Under
      SFAS No. 107, it is not practical to make this disclosure when the costs of
      formulating the estimated values exceed the benefit when considering how
      meaningful the information would be to financial statement users.





As
      a
      result of the difficulties presented in the valuation due to
      officer/stockholder, because of its related party nature, estimating the fair
      value of this financial instrument is not considered practical. The fair values
      of all other assets and liabilities do not differ materially from their carrying
      amounts.





INCOME
      TAXES





Deferred
      tax assets and liabilities are recognized for the future tax consequences
      attributable to differences between the financial statement carrying amounts
      of
      existing assets and liabilities and their respective tax bases. Deferred tax
      assets and liabilities are measured using enacted tax rates expected to apply
      to
      taxable income in the years in which those temporary differences are expected
      to
      reverse. The effect on deferred tax assets and liabilities of a change in tax
      rates is recognized in the statement of operations in the period that includes
      the enactment date.





EARNINGS
      (LOSS) PER COMMON SHARE





Earnings
      (Loss) per common share is computed by dividing the net loss by weighted average
      shares outstanding during the year. The weighted average shares outstanding
      have
      been restated to reflect the reverse stock split.




-
          7 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**





2.
      STOCK
      TRANSACTIONS





PREFERRED
      STOCK





No
      shares
      of preferred stock have been issued or are outstanding. Dividends, voting rights
      and other terms, rights and preferences of the preferred shares have not been
      designated but may be designated by the Board of Directors from time to time.
      Dividends may be paid on outstanding shares as declared by the Board of
      Directors. Each share of common stock is entitled to one vote. The Company
      does
      not intend to declare any dividends for the foreseeable future.





3.
      STOCK
      OPTION PLANS





1998
      STOCK OPTION PLAN





The
      Company had adopted a compensation stock option plan (the “CSO Plan”) and
      employee stock compensation plan (the “1998 ESC Plan”). No options have been
      granted under either plans. Both plans (the CSO and ESC) were terminated
      November 13, 2002. On the same date, two new plans, the AMCO 2002 Stock Plan
      (the “Stock Plan”) and the AMCO 2002 Employee Stock Compensation Plan (the “ESC
      Plan”), were implemented.





AMCO
      2002
      STOCK PLAN





The
      Company adopted the Stock Plan for persons in a “business relationship” with the
      Company. The Stock Plan defines business relationship as a relationship in
      which
      a person is serving the Company, its parent, if any, or any of its subsidiaries
      in the capacity of an employee, officer, director, advisor or consultant. The
      Stock Plan allows the Company to grant awards of restricted stock or options
      to
      purchase stock, including, incentive stock options, provided that incentive
      stock options may only be granted to the Company's employees. The Company has
      reserved a maximum of 20,000,000 common shares to be issued under the Stock
      Plan. No employee will be granted options for more than 2,000,000 shares of
      common stock, or awarded more than 2,000,000 restricted shares under the Stock
      Plan in any one fiscal year. The exercise price of each incentive stock option
      granted under the Stock Plan is generally equal to the market price of the
      Company's stock on the date of grant.





The
      exercise price for incentive stock options granted to stockholders with more
      than a 10% voting interest in the Company will be not less than 110% of the
      market price of the Company's stock on the date of grant. The exercise price
      for
      non-statutory options will not be less than 50% of the market price of the
      Company's stock on the date of grant. The maximum term of the options is ten
      years. The options vesting period will be determined by the Board of Directors
      and will be set forth in each option agreement, but cannot be longer than ten
      years after the option is granted. The plan is administered by the Company's
      board or a committee of the board. No shares or options have been awarded under
      the Stock Plan.




-
          8 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**





**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**





3.
      STOCK
      OPTION PLANS (CONTINUED)





2002
      EMPLOYEE STOCK COMPENSATION PLAN





The
      Company has adopted the ESC Plan which allows for the issuance of up to
      20,000,000 shares of common stock to employees, officers, directors and
      consultants of the Company. No employee shall be granted more than 2,000,000
      shares of common stock under the ESC Plan in any one fiscal year of the Company.
      The Company's board (or a compensation committee) has complete discretion to
      determine when and to which eligible participant shares may be granted, and
      the
      number of shares to be awarded to each eligible participant subject to the
      limitation set forth above. A grant to an eligible participant may be made
      for
      cash, property, services rendered or other form of payment constituting lawful
      consideration under applicable law. Shares awarded other than for services
      rendered will be sold at not less than the fair value of the shares on the
      date
      of grant. No shares have been awarded under the ESC Plan.





4.
      INCOME
      TAXES





The
      Company did not provide any current or deferred federal or state income tax
      provision or benefit for any of the periods presented because to date, it has
      experienced operating losses. The Company has a federal net operating loss
      carry
      forward of approximately $979,000 expiring in future years. The tax benefit
      of
      this net operating loss, based on an effective tax rate of 40%, is approximately
      $392,000 and has been offset by a full allowance for business combinations
      under
      Internal Revenue Code IRC Section 381. For the three months ended March 31,
      2007, based on an effective tax rate of 40%, the valuation allowance increased
      by approximately $3,000.





5.
      NOTE
      PAYABLE TO STOCKHOLDER




Bestway
      Coach Express, Inc., (“Bestway”), the directors, executive officers, their
      affiliates and related parties owned beneficially and in the aggregate, the
      majority of the voting power of the outstanding shares of the common stock
      of
      the Company.




On
      November 19, 2004, Shu K. Chui, (“Chui”) a citizen of Hong Kong, acquired all
      the 6,900,000 shares (the “Shares”) held by Bestway. The 6,900,000 shares
      represent approximately 72.2% of Registrant's issued and outstanding common
      stock, being the only class of stock issued and outstanding. Chui acquired
      the
      shares pursuant to a Stock Purchase Agreement among the Registrant, Bestway
      and
      Chui dated November 19, 2004 (“Purchase Agreement”).




-
          9 -




**BUSINESS
      DEVELOPMENT SOLUTIONS, INC.**


**(FORMERLY
      AMCO TRANSPORT HOLDINGS, INC.)**





**NOTES
      TO THE CONDENSED FINANCIAL STATEMENTS**





5.
      NOTE
      PAYABLE TO STOCKHOLDER - (CONTINUED)





In
      connection with the acquisition of the Shares, Chui took assignment of all
      of
      Bestway's right, title and interest under a promissory note in the principal
      amount of $101,500.00 dated April 23, 2002 made by Registrant in favor of
      Bestway. The principal amount under the note bears simple interest at the rate
      of 8% per year. As of November 19, 2004 being the effective date of the
      acquisition transaction, no principal or interest payments had been made under
      the note on which interest has accrued in the sum of $40,138 and is included
      on
      the balance sheet under the caption due to stockholder - accrued interest and
      other.





During
      the period, Chui paid legal and other expenses on behalf of the Company. The
      total expenses paid on behalf of the Company, from November 19, 2004 to date
      total $101,402 and are payable to Chui as a non-interest bearing demand loan.
      This loan is also shown in the caption due to stockholder - accrued interest
      and
      other. The outstanding principal under the note continues to bear simple
      interest at the rate of 8% per year.





Chui
      paid
      Bestway total consideration of $325,000.00 under the Purchase Agreement.
      $122,434.03 of the purchase price was applied for the acquisition of the
      promissory note and the remaining $202,565.97 was applied as payment for the
      Shares, yielding a price per share of $0.029. The balance of the note payable,
      including accrued interest, to Chui at March 31, 2007 was $141,638.





Accordingly,
      Chui, the directors, executive officers, their affiliates and related parties,
      if they voted their shares uniformly, would have the ability to control the
      approval of most corporate actions.





As
      part
      of this Purchase Agreement, Bestway was required to indemnify Chui from and
      against the entirety of any liabilities arising out of the ownership of the
      Shares or operation of the Company prior to the Closing. Therefore, all expenses
      that were paid by Bestway from April 23, 2002, totaling $49,457, that were
      due
      to Bestway from the Company were extinguished as part of this Purchase
      Agreement, and were accordingly recorded on the statement of operations as
      an
      Extraordinary Item, Extinguishment of Debt.





-
          10 -




**ITEM
      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION**





*The
      following discussion should be read in conjunction with our financial statements
      and the notes thereto.*





***Forward-Looking
      Statements***





This
      quarterly report contains forward-looking statements and information relating
      to
      us that are based on the beliefs of our management as well as assumptions made
      by, and information currently available to, our management. When used in this
      report, the words “anticipate”, “believe”, “estimate”, “expect”, “intend”,
“plan” and similar expressions, as they relate to us or our management, are
      intended to identify forward-looking statements. These statements reflect
      management's current view of us concerning future events and are subject to
      certain risks, uncertainties and assumptions, including among many others:
      our
      potential inability to raise additional capital, the possibility that third
      parties hold proprietary rights that preclude us from marketing our products,
      the emergence of additional competing technologies, changes in domestic and
      foreign laws, regulations and taxes, changes in economic conditions,
      uncertainties related to China's legal system and economic, political and social
      events in China, a general economic downturn, a downturn in the securities
      markets, Securities and Exchange Commission regulations which affect trading
      in
      the securities of “penny stocks,” and other risks and uncertainties. Should any
      of these risks or uncertainties materialize, or should underlying assumptions
      prove incorrect, actual results may vary materially from those described in
      this
      report as anticipated, estimated or expected. The accompanying information
      contained in this registration statement, including, without limitation, the
      information set forth under the heading “Management’s Discussion and Analysis or
      Plan of Operation -- Risk Factors” identifies important additional factors that
      could materially adversely affect actual results and performance. You are urged
      to carefully consider these factors. All forward-looking statements attributable
      to us are expressly qualified in their entirety by the foregoing cautionary
      statement.




***Overview***





We
      were
      incorporated under the laws of the State of Colorado on January 28, 1987 under
      the name Atlas-Republic Corporation. We had only limited operations other than
      organizational actions until March 1994 when MFI Multifunding, Inc., a Canadian
      corporation, acquired control of us. Thereafter, we acquired control of GEDA
      Laboratories (Canada) Limited, a Canadian corporation, which became our wholly
      owned subsidiary. GEDA had acquired the exclusive marketing and distribution
      rights in Canada to certain proprietary products, including a topical barrier
      cream (used primarily by medical, emergency and police to protect against blood
      splashes) and an antiseptic spermicide. By late 1996, we and GEDA were both
      dormant, primarily due to lack of funding and the poor health of our then
      President.





On
      November 18, 2002, we effected our re-incorporation as a Delaware corporation
      by
      merging with our wholly-owned subsidiary, AMCO Transport Holdings, Inc., a
      Delaware corporation, with AMCO continuing as the surviving corporation of
      the
      merger. In connection with the merger, our name was changed to AMCO Transport
      Holdings, Inc. Upon consummation of the merger, each share of common stock
      of
      Atlas-Republic Corporation (the predecessor corporation) was automatically
      exchanged for one share of common stock of AMCO Transport Holdings, Inc. (the
      then surviving corporation) and the stockholders of Atlas automatically became
      stockholders of AMCO in accordance with the terms of an Agreement and Plan
      of
      Re-incorporation and Merger between the two companies, dated April 23, 2002.




-
          11 -




On
      January 10, 2006, by a joint written consent of our Board of Directors and
      our
      controlling stockholder, Mr. Chui, our Board of Directors and Mr. Chui approved
      an amendment of our Certificate of Incorporation (i) to change our corporate
      name to “Business Development Solutions, Inc.” and (ii) to effect a one-for-five
      reverse split of the outstanding shares of our common stock. This amendment
      to
      our Certificate of Incorporation was filed with the Secretary of State of
      Delaware on February 27, 2006 and has become effective. The new CUSIP number
      for
      our common stock is 12325D 10 4. Our common stock continues to be quoted on
      the
      NASD Over-the-Counter Bulletin Board, but the new symbol for our common stock
      is
“BDEV.OB”.





***Plan
      of Operation***





We
      are
      currently a shell company whose plan of operation over the next twelve months
      is
      to seek and, if possible, acquire an operating business or valuable assets
      by
      entering into a business combination. We will not be restricted in our search
      for business combination candidates to any particular geographical area,
      industry or industry segment, and may enter into a combination with a private
      business engaged in any line of business, including service, finance, mining,
      manufacturing, real estate, oil and gas, distribution, transportation, medical,
      communications, high technology, biotechnology or any other. Management's
      discretion is, as a practical matter, unlimited in the selection of a
      combination candidate. Our management will seek combination candidates in the
      United States and other countries, as available time and resources permit,
      through existing associations and by word of mouth. This plan of operation
      has
      been adopted in order to attempt to create value for our
      shareholders.





We
      do not
      intend to do any product research or development. We do not expect to buy or
      sell any real estate, plant or equipment, except as such a purchase might occur
      by way of a business combination that is structured as an asset purchase, and
      no
      such asset purchase currently is anticipated. Similarly, we do not expect to
      hire employees except as a result of completing a business combination, and
      any
      such employees likely will be persons already then employed by the company
      acquired.





***Results
      of Operations For Fiscal Quarter Ended March 31, 2007 Compared To March 31,
      2006***





We
      anticipate that we will not have any operations unless and until we complete
      a
      business combination as described above.





During
      the first fiscal quarter of 2007, we incurred a net loss of $7,478 as compared
      to a net loss of $22,620 in the first fiscal quarter of 2006. Our expenses
      decreased by $15,142 in first quarter 2007 as compared to the same quarter
      in
      2006, due to the decrease in legal and accounting expense.





-
          12 -




***Liquidity
      and Capital Resources***





We
      had no
      cash on hand at the end of the first quarter of 2007 and had $2,170 in prepaid
      expenses to help meet ongoing expenses or debts that may accumulate. Since
      inception, we have accumulated a deficit of $979,348. We have debts (current
      liabilities) totaling $253,967, of which $243,040 is owed to Mr. Shu Keung
      Chui,
      our controlling stockholder. The remaining accrued liabilities of $10,927 are
      due to other vendors.





We
      have
      no commitment for any capital expenditure and foresee none. However, we will
      incur routine fees and expenses incident to our reporting duties as a public
      company, and we will incur expenses in finding and investigating possible
      acquisitions and other fees and expenses in the event we make an acquisition
      or
      attempt to do so, but are unable to complete the acquisition. Our cash
      requirements for the next twelve months are relatively modest, principally
      professional fees and other expenses relating to making filings required under
      the Securities Exchange Act of 1934 (the “Exchange Act”), which should not
      exceed $50,000 in the fiscal year ending December 31, 2007. Any travel, lodging
      or other expenses which may arise related to finding, investigating and
      attempting to complete a combination with one or more potential acquisitions
      could also amount to thousands of dollars.





Our
      current management has informally agreed to continue rendering services to
      us
      and to not demand payment of sums owed for services unless and until we complete
      an acquisition. The terms of any such payment will have to be negotiated with
      the principals of any business acquired. The existence and amounts of our debt
      may make it more difficult to complete, or prevent completion of, a desirable
      acquisition. In addition, offices are provided to us without charge by CBC
      International, a business consultancy engaged by Mr. Shu Keung Chui, our
      President, Chief Financial Officer and our controlling stockholder, engaged
      in
      his personal capacity.





We
      will
      only be able to pay our future debts and meet operating expenses by raising
      additional funds, acquiring a profitable company or otherwise generating
      positive cash flow. As a practical matter, we are unlikely to generate positive
      cash flow by any means other than acquiring a company that has positive cash
      flow. We believe that management members or shareholders will loan funds to
      us
      as needed for operations prior to completion of an acquisition. Management
      and
      the shareholders are not obligated to provide funds to us, however, and it
      is
      not certain they will always want or be financially able to do so. Our
      shareholders and management members who advance money to us to cover operating
      expenses will expect to be reimbursed, either by us or by the company acquired,
      prior to or at the time of completing a combination. We have no intention of
      borrowing money to reimburse or pay salaries to any of our officers, directors
      or shareholders or their affiliates. We intend to sell additional securities
      to
      raise capital that could be used to pay our expenses prior to a business
      combination or to fund our operations after a business combination is effected.
      No assurance can be given that we will be able to raise any funds. Our current
      management has agreed to continue their services to us and does not expect
      to be
      compensated for these services, but expects payment reimbursement for expenses
      only. Should existing management or shareholders refuse to advance needed funds,
      however, we would be forced to turn to outside parties to either loan money
      to
      us or buy our securities. There is no assurance whatever that we will be able
      to
      raise necessary funds from outside sources. Such a lack of funds could result
      in
      severe consequences to us, including among others:




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          13 -




1)  Failure
      to make timely filings with the SEC as required by the Exchange Act, which
      also
      probably would result in suspension of trading or quotation in our stock and
      could result in fines and penalties to us under the Exchange Act;





2)  Curtailing
      or eliminating our ability to locate and perform suitable investigations of
      potential acquisitions; or





3)  Inability
      to complete a desirable acquisition due to lack of funds to pay legal and
      accounting fees and acquisition-related expenses.





We
      hope
      to require potential candidate companies to deposit funds with us that we can
      use to defray professional fees and travel, lodging and other due diligence
      expenses incurred by our management related to finding and investigating a
      candidate company and negotiating and consummating a business combination.
      There
      is no assurance that any potential candidate will agree to make such a
      deposit.





***Off-Balance
      Sheet Arrangements***





We
      do not
      have any off-balance sheet arrangements that have or are reasonably likely
      to
      have a current or future effect on our financial condition, changes in financial
      condition, revenues or expenses, results of operations, liquidity, capital
      expenditures or capital resources that are material to investors.





***Risk
      Factors That May Affect Future Operating Results***





*You
      should carefully consider the risks described below before making an investment
      decision. The risks and uncertainties described below are not the only ones
      facing our Company. Additional risks and uncertainties not presently known
      to us
      or that we currently deem immaterial may also impair our business operations.
      If
      any of the following risks actually occur, our business, financial condition,
      or
      results of operations could be materially adversely affected. In such case,
      the
      trading price of our common stock could decline and you could lose all or part
      of your investment. You should also refer to the other information about us
      contained in this Form 10-QSB, including our financial statements and related
      notes.*





We
      have had no operating history nor any revenues or earnings from
      operations .





We
      have
      had no operating history nor any revenues or earnings from
      operations .
      We have
      no significant assets or financial resources. We have operated at a loss to
      date
      and will, in all likelihood, continue to sustain operating expenses without
      corresponding revenues, at least until the consummation of a business
      combination.





Our
      management team does not devote its full time to our business and
      operations .





Our
      management team only devotes minimal time to our business. Our officers and
      directors, who serve only on a part-time basis, have had limited experience
      in
      the business activities contemplated by us, yet we will be solely dependent
      on
      them. We lack the funds or other incentive to hire full-time experienced
      management. Each of our management members has other employment or business
      interests to which he devotes his primary attention and will continue to do
      so,
      devoting time to us only on an as-needed basis. No member of our management
      team
      has any written employment agreement with us nor are they expected to enter
      into
      one. We have not obtained key man life insurance on the lives of any member
      of
      our management team. The loss of the services of any member of our management
      team would adversely affect development of our business and our likelihood
      of
      continuing operations on any level.




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          14 -




We
      may
      have conflicts of interest with our management team .





Conflicts
      of interest and non-arms length transactions may arise in the future. The terms
      of a business combination may include terms like the retention of our current
      officers and directors as officers and directors of the successor company in
      the
      business combination. The terms of a business combination may provide for a
      payment by cash or otherwise to members of our management team for the purchase
      or retirement of all or part of our common stock that is held by them or for
      services rendered incident to or following a business combination. Our
      management team would directly benefit from this type of employment or payment.
      These benefits may influence our management team's choice of a target company.
      Our certificate of incorporation provides that we may indemnify our officers
      and/or directors for liabilities, which can include liabilities arising under
      the securities laws. Therefore, our assets could be used or attached to satisfy
      any liabilities subject to this indemnification.





Our
      proposed operations are purely speculative .





The
      success of our proposed plan of operation will depend to a great extent on
      the
      operations, financial condition and management of the identified target company.
      While business combinations with entities having established operating histories
      are preferred, there can be no assurance that we will be successful in locating
      candidates meeting these criteria. If we complete a business combination, the
      success of our operations will be dependent upon management of the target
      company and numerous other factors beyond our control. There is no assurance
      that we can identify a target company and consummate a business
      combination.





We
      are
      subject to the penny stock rules .





Our
      securities may be classified as penny stock. The Commission has adopted Rule
      15g-9 which establishes the definition of a “penny stock,” for purposes relevant
      to us, as any equity security that has a market price of less than $5.00 per
      share or with an exercise price of less than $5.00 per share whose securities
      are admitted to quotation but do not trade on the Nasdaq SmallCap Market or
      on a
      national securities exchange. For any transaction involving a penny stock,
      unless exempt, the rules require delivery of a document to investors stating
      the
      risks, special suitability inquiry, regular reporting and other requirements.
      Prices for penny stocks are often not available and investors are often unable
      to sell this stock. Thus, an investor may lose his investment in a penny stock
      and consequently should be cautious of any purchase of penny stocks.





We
      may
      have significant difficulty in locating a viable business combination
      candidate .





We
      are
      and will continue to be an insignificant participant in the business of seeking
      mergers with and acquisitions of business entities. A large number of
      established and well-financed entities, including venture capital firms, are
      active in mergers and acquisitions of companies which may be merger or
      acquisition target candidates for us. Nearly all of these competitors have
      significantly greater financial resources, technical expertise and managerial
      capabilities than we do and, consequently, we will be at a competitive
      disadvantage in identifying possible business opportunities and successfully
      completing a business combination. Moreover, we will also compete with numerous
      other small public companies in seeking merger or acquisition
      candidates.




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          15 -




It
      is
      possible that the per share value of your stock will decrease upon the
      consummation of a business combination .





A
      business combination normally will involve the issuance of a significant number
      of additional shares. Depending upon the value of the assets acquired in a
      business combination, the per share value of our common stock may decrease,
      perhaps significantly.





Any
      business combination that we engage in may have tax effects on
      us .





Federal
      and state tax consequences will, in all likelihood, be major considerations
      in
      any business combination that we may undertake. Currently, a business
      combination may be structured so as to result in tax-free treatment to both
      companies pursuant to various federal and state tax provisions. We intend to
      structure any business combination so as to minimize the federal and state
      tax
      consequences to both us and the target company; however, there can be no
      assurance that a business combination will meet the statutory requirements
      of a
      tax-free reorganization or that the parties will obtain the intended tax-free
      treatment upon a transfer of stock or assets. A non-qualifying reorganization
      could result in the imposition of both federal and state taxes which may have
      an
      adverse effect on both parties to the transaction.





**ITEM
      3.**  **CONTROLS
      AND PROCEDURES**





Within
      90
      days of the filing of this Form 10-QSB, an evaluation was carried out under
      the
      supervision and with the participation of our management, including Cheng Chen,
      our Chief Executive Officer and Mr. Shu Keung Chui, our President and Chief
      Financial Officer, of the effectiveness of our disclosure controls and
      procedures. Disclosure controls and procedures are procedures that are designed
      with the objective of ensuring that information required to be disclosed in
      our
      reports filed under the Securities Exchange Act of 1934, such as this Form
      10-QSB, is recorded, processed, summarized and reported within the time period
      specified in the Securities and Exchange Commission's rules and forms. Based
      on
      that evaluation, Messrs. Chui and Chen concluded that as of March 31, 2007,
      and
      as of the date that the evaluation of the effectiveness of our disclosure
      controls and procedures was completed, our disclosure controls and procedures
      were effective to satisfy the objectives for which they are
      intended.





There
      were no changes in our internal control over financial reporting identified
      in
      connection with the evaluation performed that occurred during the fiscal quarter
      covered by this report that has materially affected or is reasonably likely
      to
      materially affect, our internal control over financial reporting.




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          16 -




**PART
      II - OTHER INFORMATION**





**ITEM
      1.**  **LEGAL
      PROCEEDINGS**





There
      are
      no legal proceedings which are pending or have been threatened against us or
      any
      officer, director or control person of which management is aware.





**ITEM
      2.**  **UNREGISTERED
      SALES OF EQUITY SECURITIES**





Except
      as
      may have previously been disclosed on a current report on Form 8-K or a
      quarterly report on Form 10-QSB, we have not sold any of our securities in
      a
      private placement transaction or otherwise during the past three
      years.





**ITEM
      3.**  **DEFAULTS
      UPON SENIOR SECURITIES**





Not
      applicable.





**ITEM
      4.**  **SUBMISSION
      OF MATTERS TO A VOTE OF SECURITY HOLDERS**





During
      the first fiscal quarter of 2007, no matters were submitted to a vote of
      security holders, through the solicitation of proxies or otherwise.





**ITEM
      5.**  **OTHER
      INFORMATION**





***Committees***




Currently,
      we do not have a standing audit, nominating or compensation committee or any
      committee performing a similar function although we intend to form such
      committees in the future after we combine with an operating entity.





We
      do not
      have any audit committee financial expert serving on our board of directors.
      We
      are currently a blank check company whose plan of operation is to seek, and
      if
      possible, acquire an operating business or assets by entering into a business
      combination. As such, we have no capital resources and very little business
      or
      financial activity. Therefore, we could not afford to retain a qualified audit
      committee financial expert, nor does our business or financial activities
      currently require the retention of such an expert.





**ITEM
      6.**  **EXHIBITS**





31
            Certification
                of Chief Executive Officer and Chief Financial Officer filed pursuant
                to
                Section 302 of the Sarbanes-Oxley Act of 2002.32
            Certification
                of Chief Executive Officer and Chief Financial Officer furnished
                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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          17 -




**SIGNATURES**





In
      accordance with the Securities Exchange Act of 1934, this report has been signed
      below by the following persons on behalf of the Registrant and in the capacities
      and on the dates indicated.




**BUSINESS
              DEVELOPMENT SOLUTIONS INC.**Date:
              May 15, 2007
            By:
            /s/ Shu
              Keung
              ChuiShu
                Keung Chui
              Chief
                Executive Officer and Chief Financial
                Officer




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          18 -




**EXHIBIT
      INDEX**





Exhibit
                No.
            Description31
            Certification
                of Chief Executive Officer and Chief Financial Officer filed pursuant
                to
                Section 302 of the Sarbanes-Oxley Act of 2002.32
            Certification
                of Chief Executive Officer and Chief Financial Officer furnished
                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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