UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



Third
Amended Form 10-Q









_____________FalconTarget,
Inc._____________

(Exact
name of small business issuer as specified in its charter)



|Delaware                                                           | 34-1996523                              
|------------------------------------------------------------------ | ----------------------------------------
|(State
				or other jurisdiction of incorporation or organization) | (I.R.S.
				Employer Identification No.)



260
Water St #3C, Brooklyn, NY 11201

(Address
of principal executive offices) (Zip Code)



Issuer’s
telephone number(202)294-8887_________________________



None

(Former
name, former address and former fiscal year, if changed since last
report)









Page 1

Table of Contents

Part I – Financial Information
			3Item 1. Financial Statements.
			3Item 2. Management’s Discussion and Analysis.
			7Item 3. Quantitative and Qualitative Disclosures About
					Market Risk.
			8Item 4. Controls and Procedures.
			9Item 4T. Controls and Procedures.
			10PART II
			10Item 1. Legal Proceedings.
			10Item 1A. Risk Factors.
			10Item 2. Changes in Securities and Use of Proceeds.
			10Item 3. Defaults Upon Senior Securities.
			10Item 4. Submission of Matters to a Vote of Security Holders.
			10Item 5. Other Information.
			10


Forward Looking Statements In this filing references to "FalconTarget,"
	"we," "us," and "our" refer to
	FalconTarget, Inc. of Delaware. This Form 10-QSB contains certain forward-looking
	statements. For this purpose any statements contained in this Form
	10-QSB that are not statements of historical fact may be deemed to
	be forward-looking statements. Without limiting the foregoing, words
	such as "may," "will," "expect,"
	"believe," "anticipate," "estimate" or
	"continue" or comparable terminology are intended to
	identify forward-looking statements. By their nature these
	statements involve substantial risks and uncertainties, and actual
	results may differ materially depending on a variety of factors,
	many of which are not within our control. These factors include but
	are not limited to economic conditions generally and in the
	industries in which we may participate; competition within our
	chosen industry, including competition from much larger competitors;
	technological advances and failure by us to successfully develop
	business relationships or consummate a business transaction, as
	defined below. Page 2 Part I – Financial
	Information Item 1. Financial Statements. FALCONTARGET INC.A DEVELOPMENT
	STAGE COMPANYBALANCE SHEETSEPTEMBER 30, 2008 AND JUNE 30,
	2008 ASSETS CURRENT ASSETS:
													September 30, 2008(unaudited)
													June 30,2008(audited)CASH
													$ 88
													$ 88TOTAL CURRENT ASSETS
													88
													88TOAL ASSETS:
													$ 88
													$ 88 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES:ACCOUNTS PAYABLE
				$ 0
				$ 0TOTAL CURRENT LIABILITIES
				0
				0LONG-TERM DEBT, NET OF CURRENT
					PORTION:LOAN FROM SHAREHOLDERS
				3,114
				3,114TOTAL LONG-TERM DEBT, NET OF CURRENT PORTION
				3,114
				3,114STOCKHOLDERS' EQUITY:COMMON STOCK, $0.000001 PAR VALUE; AUTHORIZED
					100,000,000 SHARES; ISSUED AND OUTSTANDING: 22,000,000 SHARES
					@.000001
				22
				22PAID-IN CAPITAL
				78
				78ACCUMULATED DEFICIT DURING DEVELOPMENT
					STAGE
				(3,126)
				(3,126)TOTAL STOCKHOLDERS' EQUITY
				(3,026)
				(3,026)EARNINGS PER SHARE:NET LOSS OF -1,370 AND 0; 22,000,000 WEIGHTED
					AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
				0
				0BASIC LOSS PER COMMON SHARE
				$0
				$(0)TOTAL LIABILITIES AND STOCKHOLDERS'
					EQUITY
				$ 88
				$ 88 SEE ACCOMPANYING NOTES Page 3 FALCONTARGET INC.A DEVELOPMENT
	STAGE COMPANYSTATEMENT OF INCOME (UNAUDITED)PERIODS ENDED
	MARCH 31, 2008 AND MARCH 31, 2007 REVENUE
				Three months through9/30/2008
				Three months through9/30/2007
				From inception to 9/30/2008INCOME
				0
				0
				0TOTAL REVENUE
				0
				0
				0COST OF SALES
				0
				0
				0TOTAL COST OF SALES
				0
				0
				0GROSS PROFIT
				0
				0
				0EXPENSESACCOUNTING
				0
				0
				2,760AUDIT
				0
				0
				0BANK FEES
				0
				0
				12CORPORATE SEAL
				0
				0
				0DUES AND SUBSCRIPTIONS
				0
				0
				164FRANCHISE TAX
				0
				0
				0INCORPORATION
				0
				0
				0POSTAGE
				0
				0
				2PRINTING AND REPRODUCTION
				0
				0
				3STOCK CERTIFICATE
				0
				0
				0TAX
				0
				0
				185TOTAL EXPENSES
				0
				0
				3,114NET INCOME
				0
				0
				(3,126)CUMULATIVE REVENUES SINCE INCEPTION
				0CUMULATIVE EXPENSES SINCE INCEPTION
				3,126 SEE ACCOMPANYING NOTES Page 4 FALCONTARGET INC.A DEVELOPMENT
	STAGE COMPANYSTATEMENT OF CASH FLOWS (UNAUDITED)PERIODS
	ENDED DECEMBER 31, 2007 AND DECEMBER 31, 2006 Three months
															through3/31/2008
														Three months
															through3/31/2007
														From inception to
															3/31/2008CASH FLOW FROM OPERATING
															ACTIVITIESNET INCOME
														0
														0
														(3,126)ACCOUNTS PAYABLE
														0
														0
														0NET CASH PROVIDED BY (USED IN)
															OPERATIONS
														0
														0
														(3,126)CASH FLOW FROM INVESTING
															ACTIVITIESUSED FOR
														0
														0
														0NET CASH USED IN INVESTING
														0
														0
														0CASH FLOWS USED IN FINANCING
															ACTIVITIESPROCEEDS FROM:SHAREHOLDER'S LOAN
														0
														0
														3,114COMMON STOCK
														0
														0
														100USED FOR:SHAREHOLDER'S LOAN
														0
														0
														0COMMON STOCK
														0
														0
														0NET CASH PROVIDED BY FINANCING
														0
														0
														3,214NET INCREASE (DECREASE) IN CASH
														0
														0
														88SUMMARYCASH BALANCE AT END OF PERIOD
														88
														88
														88CASH BALANCE AT BEGINNING OF PERIOD
														100
														100
														0NET INCREASE (DECREASE) IN CASH
														0
														0
														88CUMULATIVE INFLOWS OF CASH SINCE
															INCEPTION
														
														
														100CUMULATIVE OUTFLOWS OF CASH SINCE
															INCEPTION
														
														
														12 SEE ACCOMPANYING NOTES AND AUDITOR'S
	REPORT Page 5 FalconTarget, Inc.(A Development
	Stage Company)Notes to Audited Financial Statements for the
	three months period ended September 30th, 2008 NOTE 1. Summary of significant Business
	and Accounting Policies a. Organization The Company started operating as a blank
	check company on May 28, 2004. On October 6, 2004, FalconTarget,
	Inc. (the “Company”) became a corporation by filing with
	the Delaware Secretary of State. The intent of the Company is to be
	a “blank check” company, or also referred to as a
	“shell” company. We shall be considered to be in the
	development stage because no business operations have commenced, and
	there has been no revenue. We believe that we will remain a
	development stage company until such time as significant revenues
	have been generated, which is not expected to happen until after we
	complete a Business Transaction. b. Cash As of the Date of the Audit, the Company
	has one bank account. c. Inventory As of the Date of the Audit, the Company
	has no Inventory. d. Property and Equipment As of the Date of the Audit, the Company
	has no Property and Equipment. e. Current Liabilities As of the Date of the Audit, the Company
	has no Current Liabilities. f. Long Term Liabilities The Company's Long Term Liability of
	Shareholder's Loan represents the money loaned by the Shareholders
	to the Company for the start-up costs of the corporation. This loan
	is non-interest bearing. g. Loss Per Share Loss per share amounts are based on the
	weighted average shares outstanding of 22,000,000 as of September
	30, 2008 and 22,000,000 as of September 30, 2007. h. Reclassification Reclassification of expenses and
	liabilities occurred at the data entry level due to the categories
	set up by the Shareholder's who submitted the information. It has no
	effect on the balance of any one total account. NOTE 2. Capitalization The Company has authorized the issuance
	of 100,000,000 shares of common stock having $0.000001 par value. Of
	those authorized, 22,000,000 have been issued and are outstanding.  Page 6 NOTE 3. Statement of Income As of the Date of the Audit, the Company
	has no Revenue or Cost of Sales. The expenses incurred as of the
	Date of the Audit are the start-up costs of the Company. NOTE 4. As of the Date of the Audit, the only
	activity affecting the Statement of Cash Flows were the start-up
	costs incurring the negative Net Income and the purchase of the
	Common Stock by the Shareholders giving the cash balance at the end
	of the period, as well as the ongoing costs of operating the blank
	check company. There are no payments for interest and income items. NOTE 6. Going Concern Due to the development stage of the
	Company and the substantial dependence on the success of a
	particular project, a “reverse merger”, the Company's
	chances for survival depend solely on the success of that “reverse
	merger”. NOTE 7. Management Plans and Intentions
	(Unaudited) As a “blank check” or “shell”
	company filing a Form 10-SB, the Company anticipates to engage in a
	reverse merger transaction with a private company, acquire assets or
	engage into other yet unspecified business or businesses. The term
	“reverse merger” refers to a transaction where a private
	company seeks public listing and becomes a publicly traded company. Item 2. Management’s Discussion and
	Analysis. We are a development-stage company with nominal
	assets only, and have had no operations since inception other than
	activities related to our formation and filing of registration
	statements. We have experienced operating losses since our inception
	and have not had any revenues. We anticipate to continue to incur expenses in
	connection with required filings with the SEC, including accounting
	and audit fees and franchise taxes. We rely on the support of our
	shareholders, Mr. Serge Atlan and Mr. Thomas Kirchner, to advance
	these expenses on our behalf. We do not plan to raise additional
	capital through the sale of equity securities. Our directors are seeking actively business
	transactions on our behalf. During the period covered by this
	report, discussions were held with one party that expressed an
	interest in a reverse merger with FalconTarget. At the time of
	filing of this report, our management is not certain whether these
	discussions will lead to a business transaction or whether the
	private company concerned will proceed with another transactions.
	Our directors continue to search for alternative business
	transactions. No specific opportunity has been identified for a
	Business Transaction, and our management currently has no forecast
	for when or whether such a transaction can be consummated. In the
	event that a Business Transaction is consummated, we expect to incur
	additional expenses related thereto. Our directors have no business
	opportunity available to us at this time, and will continue to seek
	suitable transactions. Results of Operations During the three months from June 30th,
	2008 through September 30th, 2008, we have had no
	significant operations other than the filing of our quarterly report
	with the Securities and Page 7 Exchange Commission. As a result of these operations
	we incurred a cumulative net loss of $3,126 since inception. We are a “blank check” company, also
	often referred to as a “shell” company, whose purpose is
	to engage in a reverse merger transaction with a private company,
	acquire assets or engage into other yet unspecified business or
	businesses (a “Business Transaction”). Our business plan
	is to seek, investigate and, if such investigation warrants, acquire
	an interest in a business entity which desires to seek the perceived
	advantages of a corporation which has a class of securities
	registered under the Exchange Act. We will not restrict our search
	to any specific business, industry, or geographical location and we
	may participate in a business venture of virtually any kind or
	nature. Item 3. Quantitative and Qualitative
	Disclosures About Market Risk. Because of the development stage-nature of
	FalconTarget, it is impossible to provide a quantitative risk
	assessment for our business. Below are the general operating risks
	we face as a going concern entity. We Have Had Limited Operations to Date. Our
	primary focus has been preliminary steps toward negotiating a
	Business Transaction. We have not commenced commercial operations
	and have no revenues to date. We Need to Obtain Financing in Order to Continue
	our Operations. We have relied on our directors and shareholders
	to pay our expenses on our behalf. We do not have sufficient revenue
	or resources to pay our expenses ourselves. Our auditors have a
	“going concern” about our ability to operate without the
	support of our shareholders. Development Risks Generally. We are a
	developmental stage company. Securing financing and moving forward
	with a Business Transaction or other business plan involves greater
	risks and uncertainties than those associated with an established
	business. As such, there can be no assurance that we will
	successfully implement our business plan, commence commercial
	operations or, operate profitably. Industry Risks. The success of our business
	may be affected by matters beyond our control, including but not
	limited to changes in technology, competition, changing market
	and/or economic conditions, all of which can impact upon market
	acceptance. No assurance can be given that any perceived need for
	our services is correct or if correct, will result in revenues to
	offset our operating expenses. Risks Associated with Growth. Our development
	plans will require the implementation of operational and financial
	systems and will require additional management, operational, and
	financial resources. There can be no assurance that we will be able
	to manage our operations effectively. The failure to implement such
	systems and add such resources on a cost-effective basis could have
	a materially adverse effect on our results of operations and
	financial condition. Competition. We will face competition from
	companies with substantially greater resources that ours. Page 8 No Dividends. We have never paid dividends.
	We intend for the foreseeable future to retain earnings, if any, for
	the future operation and expansion of our business and do not
	anticipate paying dividends for the foreseeable future. Absence of a Trading Market for our Common Stock.
	There are restrictions on transferability of our Common Stock.
	Shares of our Common Stock are not eligible for trading on any
	national or regional exchange, nor are they quoted on any
	over-the-counter market. As a result, an investment in our
	securities is highly illiquid. Unless the securities are registered
	with the Securities and Exchange Commission and any required state
	authorities, or an appropriate exemption from registration is
	available, you may be unable to liquidate or sell your Common Stock
	even though your personal financial situation may dictate such a
	liquidation or sale. Key Person Dependency. The success of our
	business is and will be materially dependent upon the continued
	services of our current management. The loss of any member of our
	management team will adversely impact our operations. We do not
	presently have any key man life insurance on any of such persons. Item 4. Controls and Procedures. Our management believes that given our small size
	and limited operations, our disclosure controls and procedures are
	adequate. We have no formal procedures in place for processing and
	assembling information to be disclosed in our periodic reports. Our
	system is designed so that information is retained by us and relayed
	to our accountants. Our directors believe that as of the end of the
	period being reported, our disclosure controls and procedures are
	not effective to ensure that information required to be disclosed by
	us in the reports that we file or submit under the Exchange Act is
	recorded, processed, summarized and reported, within the required
	time periods. Nevertheless, we believe that, given the Company’s
	size and status as a blank check company with no operations, an
	extensive disclosure controls and procedures system is not
	necessary. At such time that a business transaction is consummated,
	our management will re-evaluate the disclosure controls and
	procedures. We ensure that information required to be disclosed
	in our Exchange Act reports is recorded, processed, summarized and
	reported within the time periods specified in the SEC’s rules
	and forms, and that such information is accumulated and communicated
	to our management including our Chief Executive Officer and Chief
	Financial Officer , as appropriate, to allow timely decisions
	regarding required disclosure based closely on the definition of
	“disclosure controls and procedures” in Rule 13a-14c. In
	designing and evaluating the disclosure controls and procedures,
	management recognized that any controls and procedures, no matter
	how well designed and operated, can provide only reasonable
	assurance of achieving the desired control objectives, and
	management necessarily was required to apply judgment in evaluating
	the cost-benefit relationship of possible controls and procedures. Page 9 During our evaluation as of June 30, 2008 three
	material weaknesses in our controls and procedures were identified.
	Management anticipates that these weaknesses will be corrected upon
	the consummation of a Business Transaction. We carried out an
	evaluation, under the supervision and with the participation of the
	our management, including our Chief Executive Officer and Chief
	Financial Officer, of the effectiveness of the design and operation
	of our disclosure controls and procedures as of the end of the
	period covered by this report. This evaluation was reviewed prior to
	the filing of this amendment. Based in this review, our Chief
	Executive Officer and Principal Financial Officer concluded that our
	disclosure controls and procedures were not effective. Item 4T. Controls and Procedures. Changes in Internal Control over Financial Reporting There were no changes in our internal control over
	financial reporting during the fiscal quarter of this report that
	have materially affected, or are reasonably likely to materially
	affect, our internal control over financial reporting. PART II Item 1. Legal Proceedings. None. Item 1A. Risk Factors. None. Item 2. Changes in Securities and Use of
	Proceeds. None. Item 3. Defaults Upon Senior Securities. None. Item 4. Submission of Matters to a Vote of
	Security Holders. None. Item 5. Other Information. None. Page 10 Item 6. Exhibits and Reports on Form 8-K. (a) Exhibit 31.1: Section 302 certification by
	Thomas Kirchner Exhibit 31.2: Section 302 certification by Serge
	Atlan Exhibit 32.1: Section 906 certification by Thomas
	Kirchner Exhibit 32.2: Section 906 certification by Serge
	Atlan (b) None. SIGNATURES In accordance with the requirements of the Exchange
	Act, the registrant caused this report to be signed on its behalf by
	the undersigned, thereunto duly authorized. FalconTarget Corporation By: /s/ SERGE ALTANSerge Atlan,
	ChairmanJune 21, 2009 By: /s/ THOMAS KIRCHNERThomas Kirchner,
	CEO and Principal Financial OfficerJune 21, 2009 Page 11