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
March 31, 2006                                         33-41063-A

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


                         GLOBAL ASSETS & SERVICES, INC.
                       ----------------------------------
                                 (Former Name)

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

                7th Floor, New Henry House, 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 by check mark whether the Registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).  Yes [X]    No [_]

State 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 March 31, 2006

Transitional Small Business Disclosure Format:  Yes [_]    No [X]


<PAGE>


                        PART I -- FINANCIAL INFORMATION

ITEM I.  FINANCIAL STATEMENTS


                           JOINTLAND DEVELOPMENT, INC.
                    (FORMERLY GLOBAL ASSETS & SERVICES, INC.

                          (A DEVELOPMENT STAGE COMPANY)
                              FINANCIAL STATEMENTS

                    FOR THE THREE MONTHS ENDED MARCH 31, 2006
                                   (UNAUDITED)


                                       2
<PAGE>

JASPERS + HALL, PC
CERTIFIED PUBLIC ACCOUNTANTS
--------------------------------------------------------------------------------
9175 Kenyon Avenue, Suite 100
Denver, CO 80237
303-796-0099


             Report of Independent Registered Public Accounting Firm

To the Board of Directors
Jointland Development, Inc.

We have reviewed the accompanying balance sheet of Jointland Development,  Inc.,
a development stage company,  as of March 31, 2006 and the related statements of
operations  and cash flows for the  three-months  then  ended.  These  financial
statements are the responsibility of the Company's management.

We conducted our review in accordance  with standards  established by the Public
Company  Accounting  Oversight  Board  (United  States).  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with the standards of the Public Company  Accounting  Oversight Board
(United  States),  the  objective  of  which  is the  expression  of an  opinion
regarding the financial  statements as a whole.  Accordingly,  we do not express
such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the  accompanying  financial  statements for them to be in conformity
with accounting principles generally accepted in the United States.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will  continue as a going  concern.  As discussed in Note 2,  conditions
exist which raise substantial doubt about the Company's ability to continue as a
going  concern.  The financial  statements do not include any  adjustments  that
might result from the outcome of this uncertainty.



/s/ Jaspers + Hall, PC
Jaspers + Hall, PC
Denver, Colorado
May 23, 2006


                                      F-1

<PAGE>
<TABLE>
<CAPTION>


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

                                                                               Unaudited                   Audited
                                                                               March 31,                December 31,
                                                                                  2006                      2005
                                                                            -----------------         ------------------
<S>                                                                         <C>                       <C>
ASSETS:
Current assets:
   Cash                                                                                $ 112                      $ 144
                                                                            -----------------         ------------------

      Total current assets                                                               112                        144
                                                                            -----------------         ------------------

TOTAL ASSETS                                                                           $ 112                      $ 144
                                                                            =================         ==================


LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT):
Current Liabilities:
   Accounts Payable and Accrued Liabilities                                         $ 52,951                   $ 50,849
   Due to Director - Chen Yurong                                                       6,610                          -
   Notes Payable - Shareholder                                                       231,915                    230,198
                                                                            -----------------         ------------------

Total Current Liabilities                                                            291,476                    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
   in March 2006 and December 2005
Additional Paid-In Capital                                                         3,480,670                  3,480,670
Deficit accumulated during the development stage                                  (3,774,015)                (3,763,554)
                                                                            -----------------         ------------------

Total Stockholders' Deficit                                                         (291,364)                  (280,903)
                                                                            -----------------         ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                   $ 112                      $ 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                 (Inception) to
                                                       March 31,                        March 31,
                                           ----------------------------------
                                                2006               2005                   2006
                                           ---------------     --------------       -----------------
<S>                                        <C>                 <C>                  <C>
Revenue
   Revenue                                            $ -                $ -               $ 846,545
   (Less) Cost of Sales                                 -                  -                (336,524)
                                           ---------------     --------------       -----------------

Total Income                                            -                  -                 510,021
                                           ---------------     --------------       -----------------

Operating Expenses
   Doubtful Accounts                                    -                  -                  34,469
   Consultant Fees                                      -                  -               2,189,459
   Legal & Accounting                              10,418             74,879                 276,806
   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                              43                 35                 249,610
                                           ---------------     --------------       -----------------

Total Expenses                                     10,461             77,441               4,279,477
                                           ---------------     --------------       -----------------

Net Loss From Operations                          (10,461)           (77,441)             (3,769,456)
                                           ---------------     --------------       -----------------

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

Net Loss                                        $ (10,461)         $ (77,441)           $ (3,774,015)
                                           ===============     ==============       =================

Per Share Information:

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

Net Loss per Common Share                     $ (0.01)            $ (0.04)
                                           ===============     ==============
</TABLE>


                             See Accountants' Review Report

                                          F-3

<PAGE>

<TABLE>
<CAPTION>


                                  JOINTLAND DEVELOPMENT, INC.
                          (Formerly Global Assets and Services, Inc.)
                                 (A Development Stage Company)
                                    Statements of Cash Flows
                                          (Unaudited)
                                          May 25, 1988
                                                                            Three-Months Ended              (Inception) to
                                                                                 March 31,                     March 31,
                                                                     ---------------------------------
                                                                          2006               2005                2006
                                                                     ---------------     -------------     -----------------
<S>                                                                  <C>                 <C>               <C>
Cash Flows from Operating Activities:
Net Loss                                                                  $ (10,461)         $(77,441)         $ (3,774,015)

Issuance of stock for services                                                    -                 -             2,195,437
Adjustments to reconcile net loss to cash used in
   operating activities:
      (Increase) in prepaid expenses                                              -            (6,431)                    -
      Increase in accounts payable                                            2,102            39,963                52,951
                                                                     ---------------     -------------     -----------------

Net Cash Flows Used by Operating Activities                                  (8,359)          (43,909)           (1,525,627)
                                                                     ---------------     -------------     -----------------

Cash Flows from Financing Activities:
   Proceeds from Notes Payable                                                1,717               551               231,915
   Proceeds from Director                                                     6,610                                   6,610
   Issuance of Common Stock for Asset Acquisition                                 -                 -               656,250
   Issuance of Common Stock                                                       -                 -               630,964
                                                                     ---------------     -------------     -----------------

Net Cash Flows Provided by Financing Activities                               8,327               551             1,525,739
                                                                     ---------------     -------------     -----------------

Net Increase (Decrease) in Cash                                                 (32)          (43,358)                  112
                                                                     ---------------     -------------     -----------------

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

Cash and cash equivalents - End of period                                     $ 112          $ 15,521                 $ 112
                                                                     ===============     =============     =================

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                              $ -               $ -            $2,157,937
                                                                     ===============     =============     =================
</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)
                                                 March 31, 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)
                                               -------------   -------------     ------------     -------------     ---------------
Loss for Period                                           -               -                -           (10,461)            (10,461)
                                               -------------   -------------     ------------     -------------     ---------------
Balance - March 31, 2006                          1,979,965         $ 1,981       $3,480,670       $(3,774,015)         $ (291,364)
                                               =============   =============     ============     =============     ===============
</TABLE>

                                         See Accountants' Review Report

                                                      F-5

<PAGE>


                           JOINTLAND DEVELOPMENT, INC.
                    (Formerly Global Assets & Services, Inc.)
                          (A Development Stage Company)
                          Notes to Financial Statements
                                 March 31, 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 March 31,
2006 and the results of  operations  and cash flows for the  three-months  ended
March 31, 2006 and 2005, and May 25, 1988 (inception) to March 31, 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 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 an amount of $6,610 for advances made to the
Company to pay for Company expenses. The amount is unsecured,  interest free and
has no fixed terms of repayment.

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

A  shareholder  is due an 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 terms of repayment.


                                      F-6


<PAGE>


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


RESULTS OF OPERATIONS FOR THREE MONTH PERIOD ENDED MARCH 31, 2006 COMPARED TO
SAME PERIOD IN 2005

Professional  and other fees have been  incurred  in  performing  due  diligence
review, planning, obtaining all necessary financial information,  preparation of
documentation  as  well as  conducting  negotiations  with  various  parties  in
connection  with  the  Company's  potential  investment  in  the  aforementioned
business ventures.

The Company incurred general expenses of $43 and $10,418 in legal and accounting
for the three month period in 2006  compared to $77,441 in 2005 of which $74,879
consisted of legal and accounting. There were no revenues for the period in 2006
or 2005.  The  Company  recorded a net loss of  ($10,461)  in the period in 2006
compared to ($77,441) in 2004.  The net loss per share was ($0.01) in the period
in 2006 compared to ($0.04) in 2005.


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.

                                       3

<PAGE>

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.

ITEM 3.  CONTROLS AND PROCEEDURES

A. Evaluation of Disclosure Controls and Procedures:

Disclosure  controls  and  procedures  are  designed to ensure that  information
required to be  disclosed in the reports  filed or submitted  under the Exchange
Act is recorded,  processed,  summarized  and  reported,  within the time period
specified  in the SEC's  rules and forms.  Disclosure  controls  and  procedures
include,  without  limitation,  controls and procedures  designed to ensure that
information required to be disclosed in the reports filed under the Exchange Act
is accumulated  and  communicated  to management,  including the Chief Executive
Officer and Chief Financial Officer,  as appropriate,  to allow timely decisions
regarding  required  disclosure.  As of the end of the  period  covered  by this
report,  March  31,  2006 the  Company  carried  out an  evaluation,  under  the
supervision and with the  participation of the Company's  management,  including
the  Company's  Chief  Executive  Officer and Chief  Financial  Officer,  of the
effectiveness of the design and operation of the Company's  disclosure  controls
and  procedures.  Based  upon and as of the date of that  evaluation,  March 31,
2006, the Chief Executive Officer and Chief Financial Officer concluded that the
Company's  disclosure  controls  and  procedures  are  effective  to ensure that
information  required to be  disclosed  in the  reports  the  Company  files and
submits under the Exchange Act is recorded,  processed,  summarized and reported
as and when required.

                                       4

<PAGE>

B. Changes in Internal Control over Financial Reporting

There were no changes in the Company's internal control over financial reporting
identified in connection  with the Company's  evaluation of these controls as of
the end of the period  covered by this report,  March 31, 2006,  that could have
materially  affected  these  controls  subsequent to the date of the  evaluation
referred to in the previous  paragraph,  including  any  corrective  action with
regard to material deficiencies and material weaknesses.


                           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.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None


ITEM 3.    DEFAULTS UPON SENIOR SECURITIES

None


                                       5
<PAGE>

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

None


                                       6
<PAGE>


                          JOINTLAND DEVELOPMENT, INC.
                    formerly GLOBAL ASSETS & SERVICES, 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: May 25, 2006                           /s/ Kexi Xu
                                             -----------------------------------
                                             Kexi Xu, President












                                       7