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| x | Quarterly                Report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|---|-----------------------------------------------------------------------------------------------------------------|

| o | Transition                report under Section 13 or 15(d) of the Exchange                Act |
|---|-----------------------------------------------------------------------------------------------|

| Florida                                                                         | 65-1102237                                                             |
|---------------------------------------------------------------------------------|------------------------------------------------------------------------|
| (State                  or other jurisdiction of incorporation or organization) | (I.R.S.                  Employer Identification                  No.) |

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| Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Page                No. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------|
| FINANCIAL                INFORMATION:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                    |
|  Financial                Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                    |
|  Consolidated                Balance Sheets at September 30, 2007 (unaudited) and March 31, 2007                (audited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   F-1         |
|  Consolidated                Statement of Operations for the Three Months Ended September 30,                2007 and                2006   respectively                (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   F-2         |
|  Consolidated                Statements of Cash Flows for the Three Months Ended September 30,                2007 and                2006 respectively (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   F-3         |
|  Notes                to Consolidated Financial Statements                (Unaudited)                                                                                                                                   |  F-4               |

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| CONSOLIDATED                BALANCE SHEETS                                                               |   |
|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                     |   |   |   |   |   |   |
|                                                                                                     |   | September                30, |   |   | March                31, |   |
|                                                                                                     |   | 2007 |   |   | 2007 |   |
|                                                                                                     |   | (Unaudited) |   |   |   |   |
| CURRENT                ASSETS                                                                            |   |   |   |   |   |   |
|                     Cash                                                             |   | $ | 20 |   |   | $ | 341 |   |
|                     Accounts receivable                                              |   |   | 84,169 |   |   |   | 37,875 |   |
|      Inventory                                                                  |   |   | 133,198 |   |   |   | 144,480 |   |
|                     Prepaid expenses and other                                       |   |   |   |   |   |   | 13 |   |
|                          Total Current Assets               |   |   | 217,387 |   |   |   | 182,709 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| OTHER                ASSETS                                                                              |   |   |   |   |   |   |   |   |
|                     Property, plant and equipment, net                               |   |   | 2,606,042 |   |   |   | 2,437,488 |   |
|                     Trademark                                                        |   |   | 1,286 |   |   |   | 1,207 |   |
|                          Total Assets                       |   | $ | 2,824,715 |   |   | $ | 2,621,404 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| LIABILITIES                AND STOCKHOLDERS’ EQUITY                                                |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| CURRENT                LIABILITIES                                                                       |   |   |   |   |   |   |   |   |
|                     Bank overdraft                                                   |   | $ | 605,762 |   |   | $ | 158,967 |   |
|                     Loans from principal shareholders                                |   |   | 1,259,863 |   |   |   | 1,259,863 |   |
|                     Accounts payable                                                 |   |   | 129,079 |   |   |   | 208,669 |   |
|                     Accrued expenses                                                 |   |   | 285,216 |   |   |   | 332,618 |   |
|                     Loan payable to principal officer                                |   |   | 135,320 |   |   |   | 135,320 |   |
|                         Total Current Liabilities                |   |   | 2,415,240 |   |   |   | 2,095,437 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
| STOCKHOLDERS’                EQUITY                                                                |   |   |   |   |   |   |   |   |
|                     Common stock authorized 150,000,000                              |   |   |   |   |   |   |   |   |
|                          shares; $0.00001 par value; issued |   |   |   |   |   |   |   |   |
|                          and outstanding 86,323,880 shares  |   |   | 868 |   |   |   | 868 |   |
|                     Additional contributed capital                                   |   |   | 7,829,536 |   |   |   | 7,829,536 |   |
|                     Accumulated deficit                                              |   |   | (8,007,849 | ) |   |   | (7,749,230 | ) |
|                     Accumulated other comprehensive income                           |   |   | 586,920 |   |   |   | 444,793 |   |
|                         Total Stockholders’ Equity         |   |   | 409,475 |   |   |   | 525,967 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |
|                                                                                                     |   | $ | 2,824,715 |   |   | $ | 2,621,404 |   |

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| CONSOLIDATED                STATEMENTS OF OPERATIONS (UNAUDITED)                               |   |
|------------------------------------------------------------------------------------------------|--------|
|                                                                                           |   |   |   |   |   |   |
|                                                                                           |   | For                the Three Months Ended |   |   | For                the Six Months Ended |   |
|                                                                                           |   | September                30, |   |   | September                30, |   |
|                                                                                           |   | 2007 |   |   | 2006 |   |   | 2007 |   |   | 2006 |   |
| NET                SALES                                                                       |   | $ | 68,393 |   |   | $ | 44,640 |   |   | $ | 114,413 |   |   | $ | 100,599 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| COSTS                AND EXPENSES                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                     Cost of goods sold                                     |   |   | 24,430 |   |   |   | 37,685 |   |   |   | 44,760 |   |   |   | 51,505 |   |
|                     Selling, general and administrative                    |   |   | 98,253 |   |   |   | 124,627 |   |   |   | 255,581 |   |   |   | 169,812 |   |
|                     Depreciation and amortization                          |   |   | 32,172 |   |   |   | 24,779 |   |   |   | 64,344 |   |   |   | 50,865 |   |
|                     Interest expense                                       |   |   | 11,169 |   |   |   | 617 |   |   |   | 16,141 |   |   |   | 617 |   |
|                          Total Costs and Expenses |   |   | 166,024 |   |   |   | 187,708 |   |   |   | 380,826 |   |   |   | 272,799 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| OTHER                INCOME                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                     Insurance claims                                       |   |   | 4,834 |   |   |   | 310 |   |   |   |   |   |   |   | 9,505 |   |
|                     Other miscellaneous income                             |   |   |   |   |   |   |   |   |   |   | 7,794 |   |   |   | 00 |   |
|                          Total Other Income       |   |   | 4,834 |   |   |   | 310 |   |   |   | 7,794 |   |   |   | 9,505 |   |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET                LOSS                                                                        |   |   | (92,797 | ) |   |   | (142,758 | ) |   |   | (258,619 | ) |   |   | (162,695 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET                LOSS PER SHARE, basic and diluted                                           |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   | $ | (0.01 | ) |   | $ | (0.01 | ) |
|                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                average number of common shares                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                     outstanding                                            |   |   | 86,323,880 |   |   |   | 86,323,880 |   |   |   | 86,323,880 |   |   |   | 86,323,880 |   |

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| CONSOLIDATED                STATEMENTS OF CASH FLOWS (UNAUDITED)                                                          |   |
|---------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                      |   |   |   |
|                                                                                                                      |   | For                the Six Months Ended |   |
|                                                                                                                      |   | September                30, |   |
|                                                                                                                      |   | 2007 |   |   | 2006 |   |
|                                                                                                                      |   |   |   |   |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                                       |   |   |   |   |   |   |
|                     Net loss for period                                                               |   | $ | (258,619 | ) |   | $ | (162,695 | ) |
|                     Non-cash item included in net loss:                                               |   |   |   |   |   |   |   |   |
|                          Depreciation and amortization                       |   |   | 64,344 |   |   |   | 50,865 |   |
|                          Provision for Doubtful Accounts                     |   |   |   |   |   |   | 75,600 |   |
|                     Changes in operating assets and liabilities:                                      |   |   |   |   |   |   |   |   |
|                          Accounts receivable                                 |   |   | (46,294 | ) |   |   | 237,014 |   |
|                          Inventory                                           |   |   | 11,282 |   |   |   | (274,623 | ) |
|                          Prepaid expense and other                           |   |   | 13 |   |   |   | 606 |   |
|                          Accounts payable                                    |   |   | (79,590 | ) |   |   | (70,208 | ) |
|                          Accrued expenses                                    |   |   | (47,402 | ) |   |   | 7,601 |   |
| Accrued                payroll taxes                                                                                      |   |   |   |   |   |   | (25,207 | ) |
|                          Net Cash Used In Operating Activities               |   |   | (356,266 | ) |   |   | (161,047 | ) |
|                                                                                                                      |   |   |   |   |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                                       |   |   |   |   |   |   |   |   |
|                     Bank overdraft                                                                    |   |   | 446,795 |   |   |   |   |   |
|                     Loan from principal shareholders                                                  |   |   |   |   |   |   | (2,200 | ) |
|                     Due to factoring agent                                                            |   |   |   |   |   |   | (99,595 | ) |
|                          Net Cash Used In Financing Activities               |   |   | 446,795 |   |   |   | (101,795 | ) |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                                       |   |   |   |   |   |   |   |   |
|                     Capital expenditures                                                              |   |   | (42,494 | ) |   |   |   |   |
|                     Disposal of fixed assets                                                          |   |   |   |   |   |   | 191,316 |   |
|                          Net Cash Provided by (Used in) Investing Activities |   |   | (42,494 | ) |   |   | 191,316 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |
| EFFECT                OF EXCHANGE RATE CHANGES  ON                                                              |   |   |   |   |   |   |   |   |
|                     CASH                                                                              |   |   | (48,356 | ) |   |   | 7,323 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |
| NET                DECREASE IN CASH                                                                                       |   |   | (321 | ) |   |   | (64,203 | ) |
|                                                                                                                      |   |   |   |   |   |   |   |   |
| CASH                AND CASH EQUIVALENTS AT                                                                               |   |   |   |   |   |   |   |   |
|                     BEGINNING OF PERIOD                                                               |   |   | 341 |   |   |   | 78,145 |   |
|                                                                                                                      |   |   |   |   |   |   |   |   |
| CASH                AT END OF PERIOD                                                                                      |   | $ | 20 |   |   | $ | 13,942 |   |

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| Exhibit                31.1 | Certification                of Chief Executive Officer     |
|-----------------------------|-------------------------------------------------------------|
| Exhibit                31.2 | Certification                of Chief Financial Officer (1) |
| Exhibit                32.1 | Certification                of Chief Executive Officer     |
| Exhibit                32.2 | Certification                of Chief Financial Officer (2) |

| (1) | Included                in Exhibit 31.1 |
|-----|-----------------------------------------|
| (2) | Included                in Exhibit 32.1 |

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|                                     | ATLANTIC                WINE AGENCIES                INC. |                                                                        |
|------------------------------------------|-----------------------------------------------------------|-----------------------------------------------------------------------------|
|                                     |                                                      |                                                                        |   |
| Date:                  November 13, 2007 | By:                                                       | /s/ Adam                Mauerberger                                    |   |
|                                     |                                                      | Adam                Mauerberger                                             |   |
|                                     |                                                      | President,                Chief Financial Officer and Chairman of the Board |   |
|                                     |                                                      |                                                                        |   |

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