SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


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


For Quarter Ended                                     Commission File Number
------------------                                    ----------------------
                                                       0-30145
June 30, 2006                                          33-41063-A


                           JOINTLAND DEVELOPMENT, INC.
                     --------------------------------------
             (Exact name of registrant as specified in its charter)

Florida                                               59-3723328
------------------------------------               --------------------------
State or Other Jurisdiction                           (I.R.S. Employer
of incorporation or organization)                     Identification Number)

               7th Floor, New Henry House, No. 10 Ice House Street
                           Central, Hong Kong, China
---------------------------------------------------------------------
(Address of principal Executive Offices                     Zip Code)

Registrant's telephone number, including area code:  011 852 2824 0008


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to the filing
requirements for at least the past 90 days.

                           Yes   X     No
                               -----      -----

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

                          1,979,965 as of June 30, 2006

<PAGE>

                           JOINTLAND DEVELOPMENT, INC.
                    (Formerly Global Assets & Services, Inc.)

                          (A DEVELOPMENT STAGE COMPANY)
                              FINANCIAL STATEMENTS

                                  JUNE 30, 2006
                                   (UNAUDITED)




<PAGE>

<TABLE>
<CAPTION>


                                  JOINTLAND DEVELOPMENT, INC.
                          (Formerly Global Assets and Services, Inc.)
                                 (A Development Stage Company)
                                         Balance Sheets
                                          (Unaudited)


                                                                                    Unaudited                 Audited
                                                                                    June 30,                December 31,
                                                                                      2006                      2005
                                                                                 ----------------         -----------------
<S>                                                                              <C>                      <C>
ASSETS:
Current assets:
   Cash                                                                                     $ 70                     $ 144
                                                                                 ----------------         -----------------

      Total Current Assets                                                                    70                       144
                                                                                 ----------------         -----------------

TOTAL ASSETS                                                                                $ 70                     $ 144
                                                                                 ================         =================


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT):
Current Liabilities:
   Accounts Payable and Accrued Liabilities                                             $ 57,393                  $ 50,849
   Due to Director - Chen Yurong                                                           6,985                         -
   Notes Payable - Shareholder                                                           231,915                   230,198
                                                                                 ----------------         -----------------

      Total Current Liabilities                                                          296,293                   281,047
                                                                                 ----------------         -----------------

Stockholders' Equity (Deficit):
Common Stock, $0.001 Par Value, 100,000,000 shares                                         1,981                     1,981
   authorized, 1,979,965 shares issued and outstanding
   as of June 30, 2006 and December 31, 2005 respectively
Additional Paid-In Capital                                                             3,480,670                 3,480,670
Deficit accumulated during the development stage                                      (3,778,874)               (3,763,554)
                                                                                 ----------------         -----------------

Total Stockholders' Equity (Deficit)                                                    (296,223)                 (280,903)
                                                                                 ----------------         -----------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                        $ 70                     $ 144
                                                                                 ================         =================
</TABLE>

                                 See Accountants' Review Report

                                              F-2

<PAGE>

<TABLE>
<CAPTION>

                                  JOINTLAND DEVELOPMENT, INC.
                          (Formerly Global Assets and Services, Inc.)
                                 (A Development Stage Company)
                                    Statements of Operations
                                          (Unaudited)

                                                                                                        May 25, 1988
                                         Three-Months Ended                 Six-Months Ended           (Inception) to
                                              June 30,                         June 30,                  June 30,
                                    -----------------------------     -----------------------------
                                        2006            2005             2006             2005             2006
                                    -------------    ------------     ------------     ------------     ------------
<S>                                 <C>              <C>              <C>              <C>             <C>
Revenue
   Revenue                                   $ -             $ -              $ -              $ -        $ 846,545
   (Less) Cost of Sales                        -               -                                           (336,524)
                                    -------------    ------------     ------------     ------------     ------------

Gross Profit                                   -               -                -                -          510,021
                                    -------------    ------------     ------------     ------------     ------------

Operating Expenses
   Doubtful Accounts                           -               -                -                -           34,469
   Consultant Fees                             -          17,590                -           17,590        2,189,459
   Legal & Accounting                      4,817               -           15,235           74,879          281,623
   Advertising                                 -               -                -                -           14,542
   Directors and Officers Fees                 -               -                -                -        1,409,500
   Telephone                                   -               -                -                -           30,412
    Transfer Agent Fees                        -               -                -                -              150
   Travel                                      -               -                -            2,527           21,935
   Rent                                        -               -                -                -           52,594
   Other General Expenses                     42              37               85               72          249,652
                                    -------------    ------------     ------------     ------------     ------------

Total Expenses                             4,859          17,627           15,320           95,068        4,284,336
                                    -------------    ------------     ------------     ------------     ------------

Net Loss From Operations                  (4,859)        (17,627)         (15,320)         (95,068)      (3,774,315)
                                    -------------    ------------     ------------     ------------     ------------

Other Income
   Interest Expense                            -               -                -                -           (8,580)
   Interest Income                             -               -                -                -            4,021
                                    -------------    ------------     ------------     ------------     ------------

Net Loss                                $ (4,859)      $ (17,627)       $ (15,320)       $ (95,068)     $(3,778,874)
                                    =============    ============     ============     ============     ============

Per Share Information:

   Weighted average number of
     common shares outstanding         1,979,965       1,979,965        1,979,965        1,979,965
                                    -------------    ------------     ------------     ------------

Net Loss per Common Share             $ (0.002)       $ (0.009)        $ (0.008)        $ (0.050)
                                    =============    ============     ============     ============
</TABLE>

                                 See Accountants' Review Report

                                              F-3

<PAGE>

<TABLE>
<CAPTION>

                                  JOINTLAND DEVELOPMENT, INC.
                          (Formerly Global Assets and Services, Inc.)
                                 (A Develoopment Stage Company)
                                    Statements of Cash Flows
                                          (Unaudited)


                                                                                                            May 25, 1988
                                                                            Six-Months Ended               (Inception) to
                                                                               June 30,                       June 30,
                                                                    ---------------------------------
                                                                         2006               2005                2006
                                                                    ---------------     -------------     -----------------
                                                                    <S>                 <C>               <C>
Cash Flows from Operating Activities:
Net Loss                                                                 $ (15,320)         $(95,068)          $(3,778,874)
Issuance of stock for services                                                   -                 -             2,195,438
Adjustments to reconcile net loss to cash used in
    operating activities:
    Increase in accounts payable                                             6,544            36,347                57,393
                                                                    ---------------     -------------     -----------------

Net Cash Flows Used by Operating Activities                                 (8,776)          (58,721)           (1,526,043)
                                                                    ---------------     -------------     -----------------

Cash Flows from Financing Activities:
   Proceeds from notes - Shareholders                                        1,717               551               231,915
   Proceeds from Director - Advances                                         6,985                 -                 6,985
   Issuance of Common Stock for Asset Acquisition                                -                 -               656,250
   Issuance of Common Stock                                                      -                 -               630,963
                                                                    ---------------     -------------     -----------------

Net Cash Flows Provided by Financing Activities                              8,702               551             1,526,113
                                                                    ---------------     -------------     -----------------

Net Increase (Decrease) in Cash                                                (74)          (58,170)                   70
                                                                    ---------------     -------------     -----------------

Cash and cash equivalents - Beginning of period                                144            58,879                     -
                                                                    ---------------     -------------     -----------------

Cash and cash equivalents - End of period                                     $ 70             $ 709                  $ 70
                                                                    ===============     =============     =================

Supplemental Disclosure of Cash Flow Information
      Cash paid for Interest                                                   $ -               $ -               $ 8,577
                                                                    ===============     =============     =================
      Cash paid for Income Taxes                                               $ -               $ -                   $ -
                                                                    ===============     =============     =================

Non-Cash Transactions
      Common stock issued in exchange for services                             $ -               $ -           $ 2,195,438
                                                                    ===============     =============     =================
</TABLE>


                                 See Accountants' Review Report

                                              F-4

<PAGE>

<TABLE>
<CAPTION>

                                          JOINTLAND DEVELOPMENT, INC.
                                  (Formerly Global Assets and Services, Inc.)
                                         (A Development Stage Company)
                                  Statement of Stockholders' Equity (Deficit)
                                                 June 30, 2006
                                                  (Unaudited)
                                                     Deficit
                                                                                                     Accumulated
                                                                                  Additonal        During the
                                                        Common Stock               Paid-In           Development
                                                -----------------------------
                                                # of Shares        Amount          Capital            Stage             Totals
                                                -------------   -------------    -------------    --------------    ---------------
<S>                                             <C>             <C>              <C>              <C>               <C>
Balance - December 31, 1997                           87,955            $ 88        $ 208,875        $ (208,963)               $ -
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 1998                           87,955              88          208,875          (208,963)                 -
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 1999                           87,955              88          208,875          (208,963)                 -
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 2000                           87,955              88          208,875          (208,963)                 -
                                                -------------   -------------    -------------    --------------    ---------------
Issuance of stock for services 12/11                  68,000              68            3,332                 -              3,400
Loss for year                                              -               -                -           (39,462)           (39,462)
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 2001                          155,955             156          212,207          (248,425)           (36,062)
                                                -------------   -------------    -------------    --------------    ---------------
Issuance of stock for cash 3/28                          400               1            1,999                 -              2,000
Issuance of stock for services 3/28                  136,000             136          679,864                 -            680,000
Issuance of stock for services 4/2                    20,000              20           99,980                 -            100,000
Issuance of stock for services 6/18                   10,000              10           49,990                 -             50,000
Issuance of stock for services 7/12                   14,200              14           71,023                 -             71,037
Issuance of stock for Asset Acquisition 8/12          35,000              35          656,215                 -            656,250
Issuance of stock for services 8/12                   11,800              12           58,988                 -             59,000
Issuance of stock for cash 9/18                        1,600               1           19,999                 -             20,000
Issuance of stock for services 10/15                  98,900              99          494,401                 -            494,500
Loss for year                                              -               -                -        (2,103,229)        (2,103,229)
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 2002                          483,855             484        2,344,666        (2,351,654)            (6,504)
                                                -------------   -------------    -------------    --------------    ---------------
Issuance of stock for services 1/15                   55,500              55          254,945                 -            255,000
Issuance of stock for services 3/11                   52,600              53          254,947                 -            255,000
Issuance of stock for services 4/20                    2,000               2            9,998                 -             10,000
Issuance of stock for services 5/28                   36,000              36          179,964                 -            180,000
Loss for Year                                              -               -                -          (746,134)          (746,134)
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 2003                          629,955             630        3,044,520        (3,097,788)           (52,638)
                                                -------------   -------------    -------------    --------------    ---------------
Issuance of stock for cash                         1,000,000           1,000          249,000                 -            250,000
Issuance of stock for services                       150,000             150           37,350                               37,500
Issuance of stock for services                            10               1                -                 -                  1
Issuance of stock for cash                           200,000             200          149,800                              150,000
Loss for Year                                              -               -                -          (556,182)          (556,182)
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 2004                        1,979,965           1,981        3,480,670        (3,653,970)          (171,319)
                                                -------------   -------------    -------------    --------------    ---------------
Loss for Year                                              -               -                -          (109,584)          (109,584)
                                                -------------   -------------    -------------    --------------    ---------------
Balance - December 31, 2005                        1,979,965           1,981        3,480,670        (3,763,554)          (280,903)
                                                -------------   -------------    -------------    --------------    ---------------
Net Loss for Period                                        -               -                -           (15,320)           (15,320)
                                                -------------   -------------    -------------    --------------    ---------------
Balance - June 30, 2006                            1,979,965           1,981        3,480,670        (3,778,874)          (296,223)
                                                =============   =============    =============    ==============    ===============
</TABLE>


                                         See Accountants' Review Report

                                                      F-5
<PAGE>

                          JOINTLAND DEVELOPMENT, INC.
                   (Formerly Global Assets & Services, Inc.)
                         (A Development Stage Company)
                         Notes to Financial Statements
                                 June 30, 2006
                                  (Unaudited)

Note 1 - Presentation of Interim Information:
         -----------------------------------

In  the  opinion  of  the  management  of  Jointland   Development,   Inc.,  the
accompanying  unaudited  financial  statements  include  all normal  adjustments
considered  necessary to present  fairly the  financial  position as of June 30,
2006 and the results of operations for the three and  six-months  ended June 30,
2006 and 2005,  and for the period May 25,  1988  (inception)  through  June 30,
2006,  and the  related  cash flows for the  six-months  ended June 30, 2006 and
2005,  and the period May 25, 1988  (inception)  through June 30, 2006.  Interim
results are not necessarily indicative of results for a full year.

The  financial  statements  and notes are presented as permitted by Form 10-QSB,
and do not  contain  certain  information  included  in  the  Company's  audited
financial statements and notes for the fiscal year ended December 31, 2005.

Note 2 - Going Concern:
         -------------

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the  normal  course  of  business.  The  Company's  current
liabilities  exceed  current  assets by $296,223 and the  Company's  accumulated
deficit is $3.778,874 at June 30, 2006.

The  Company is in the  development  stage and has not earned any  revenue  from
operations.  The  Company's  ability to continue as a going concern is dependent
upon its  ability  to develop  additional  sources of capital or locate a merger
candidate  and  ultimately,  achieve  profitable  operations.  The  accompanying
financial  statements do not include any adjustments  that might result from the
outcome of these uncertainties.  Management is seeking new capital to revitalize
the Company.

Note 3 - Due to Director:
         ---------------

The Director  (Chen  Yurong) is due the amount of 6,985 for advances made to the
Company  to pay for  Company  operational  expenses.  The  amount is  unsecured,
interest free and has no fixed terms of repayment.

Note 4 - Notes Payable - Related Party:
         -----------------------------

A shareholder  is due the amount of $231,915 for advances made to the Company to
pay for Company  expenses.  The amount is  unsecured,  interest  free and has no
fixed term of repayment.


                                      F-6

<PAGE>


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        -----------------------------------------------------------------------
OF OPERATIONS
-------------

CAUTIONARY AND FORWARD LOOKING STATEMENTS

In  addition  to  statements  of  historical  fact,  this Form  10-QSB  contains
forward-looking  statements.  The  presentation  of future  aspects of Jointland
Development,  Inc.  ("Jointland  Development,  Inc.," the "Company" or "issuer")
found in these statements is subject to a number of risks and uncertainties that
could cause actual  results to differ  materially  from those  reflected in such
statements.  Readers  are  cautioned  not  to  place  undue  reliance  on  these
forward-looking  statements,  which reflect management's analysis only as of the
date hereof.  Without  limiting the generality of the  foregoing,  words such as
"may," "will," "expect,"  "believe,"  "anticipate,"  "intend," or "could" or the
negative  variations thereof or comparable  terminology are intended to identify
forward-looking statements.

These forward-looking statements are subject to numerous assumptions,  risks and
uncertainties that may cause Jointland Development,  Inc.'s actual results to be
materially  different from any future results  expressed or implied by Jointland
Development,  Inc.  in those  statements.  Important  facts that  could  prevent
Jointland Development, Inc. from achieving any stated goals include, but are not
limited to, the following:

Some of these risks might include, but are not limited to, the following:

         (a)   volatility or decline of the Company's stock price;

         (b)   potential fluctuation in quarterly results;

         (c)   failure of the Company to earn revenues or profits;

         (d)   inadequate capital to continue or expand its business,  inability
               to  raise  additional  capital  or  financing  to  implement  its
               business plans;

         (e)   failure to commercialize its technology or to make sales;

         (f)   rapid and significant changes in markets;

         (g)   litigation  with or  legal  claims  and  allegations  by  outside
               parties; and

         (h)   insufficient revenues to cover operating costs.


There is no assurance that the Company will be  profitable,  the Company may not
be able to successfully develop, manage or market its products and services, the
Company may not be able to attract or retain qualified executives and technology
personnel,  the Company's products and services may become obsolete,  government
regulation may hinder the Company's business, additional dilution in outstanding
stock ownership may be incurred due to the issuance of more shares, warrants and
stock options,  or the exercise of warrants and stock  options,  and other risks
inherent in the Company's businesses.

The Company  undertakes no obligation to publicly  revise these  forward-looking
statements to reflect events or circumstances  that arise after the date hereof.
Readers should  carefully  review the factors  described in other  documents the
Company  files from time to time with the  Securities  and Exchange  Commission,
including the Quarterly Reports on Form 10-QSB and Annual Reports on Form 10-KSB
filed by the Company and any Current Reports on Form 8-K filed by the Company.

<PAGE>


RESULTS OF OPERATIONS FOR QUARTER ENDED JUNE 30, 2006 COMPARED TO THE QUARTER
ENDED JUNE 30, 2005

The Company had no revenues in the quarter in 2005 or 2004. The Company incurred
expenses  and  legal  and  accounting  fees for the  quarter  in 2006 of  $4,817
compared to $17,627 in 2005.  The  Company  recorded a net loss in the period in
2006 of ($4,859) and a loss of  ($17,627) in 2005.  The greater loss in 2005 was
due to consulting fees. The net loss per share was nominal in the period in 2006
and in 2005.  The largest  components of the  operating  expenses in 2006 in the
quarter were $4,817 in legal and accounting fees and $42 in business expenses.

RESULTS OF OPERATIONS FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2006 COMPARED TO
THE SIX MONTH PERIOD ENDED JUNE 30, 2005

The Company had no revenues in the six month period in 2006 or 2005. The Company
incurred a total of  $15,320  in  expenses  in the  period in 2006  compared  to
$95,068 in the same period in 2005. In 2006,  the Company  incurred  $15,235 for
legal and accounting  compared to $74,879 in legal and accounting and $17,590 in
consulting  in 2005.  The Company  incurred a loss of ($15,320) in the period in
2006  compared to a loss of  ($95,068)  in the period in 2005.  The net loss per
share was nominal in 2006 and ($.05) in 2005.

The Company expects the trend of losses to continue at the present rate until it
can generate revenues.

NEED FOR ADDITIONAL FINANCING

The Company  believes it has  insufficient  capital to meet its short-term  cash
needs,   including  the  costs  of  compliance  with  the  continuing  reporting
requirements  of the Securities  Exchange Act of 1934. As the if losses continue
it may have to seek loans or equity  placements  to cover longer term cash needs
to continue operations and expansion.

No commitments to provide additional funds have been made by management or other
stockholders.  Accordingly,  there can be no assurance that any additional funds
will be available to the Company to allow it to cover operations expenses.

If future revenue declines, or operations are unprofitable, it will be forced to
develop another line of business,  or to finance its operations through the sale
of assets it has, or enter into the sale of stock for additional  capital,  none
of which may be feasible  when  needed.  The Company has no specific  management
ability, nor financial resources or plans to enter any other business as of this
date.

The effects of inflation have not had a material impact on its operation, nor is
it expected to in the immediate future.

<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

The  Company  had  minimal  cash  capital  at the end of the  period,  which  is
insufficient  for any  significant  operations.  The Company will need to either
borrow  or make  private  placements  of stock in order to fund  operations.  No
assurance exists as to the ability to achieve loans, or make private  placements
of stock. The Company is seeking capital sources for investment, but there is no
assurance sources can be found.

Going Concern

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business.

The  Company is in the  development  stage and has not earned any  revenue  from
operations.  The  Company's  ability to continue as a going concern is dependent
upon its  ability  to develop  additional  sources of capital or locate a merger
candidate  and  ultimately,  achieve  profitable  operations.  The  accompanying
financial  statements do not include any adjustments  that might result from the
outcome of these uncertainties.  Management is seeking new capital to revitalize
the Company.


ITEM 3.  CONTROLS AND PROCEEDURES

The  management of the Company has evaluated the  effectiveness  of the issuer's
disclosure  controls  and  procedures  as of the end of the period of the report
(evaluation  date) and have  concluded  that the  disclosure  controls  internal
controls and procedures are adequate and effective  based upon their  evaluation
as of the evaluation date.

There were no changes in the small  business  issuer's  internal  controls  over
financial  reporting  identified  in  connection  with  the  Company  evaluation
required by  paragraph  (3) of Rule 13a-15 or Rule 15d-15 under the Exchange Act
that occurred during the small business  issuer's fourth fiscal quarter that has
materially  affected  or is  reasonably  likely to  materially  affect the small
business issuer's internal control over financial reporting.

<PAGE>


                           PART II - OTHER INFORMATION


ITEM 1.    LEGAL PROCEEDINGS
-------    -----------------

         The  Company  is  not a  party  to  any  legal  proceedings,  nor  does
management believe that any such proceedings are contemplated.


ITEM 2.    CHANGES IN SECURITIES
-------    ---------------------

           None


ITEM 3.    DEFAULT UPON SENIOR SECURITIES
-------    ------------------------------

           None


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

           None


ITEM 5.    OTHER INFORMATION
-------    -----------------

           None


ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K
-------    --------------------------------

           A.   Reports on Form 8-K:

                        None

           B.   Exhibits

                        31 Sarbanes Oxley Certification

                        32 Sarbanes Oxley Certification

<PAGE>


                           JOINTLAND DEVELOPMENT, INC.
                          (A Development Stage Company)


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                             JOINTLAND DEVELOPMENT, INC.



Date: August 10, 2006                        /s/ Kexi Xu
                                             -----------------------------------
                                             Kexi Xu, President