U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-QSB  x
        QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended June 30, 2006  o
        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from  Commission File #333-121764  SPEEDHAUL HOLDINGS, INC. (Exact name of registrant as specified in its charter)  New Jersey (State or other jurisdiction of incorporation or organization)  22-3719165 (IRS Employer Identification Number)  7 Bayhill Boulevard, Monroe, New Jersey
        08831(Address of principal executive offices )
        (Zip Code)  (732) 637-1296 (Registrants telephone no., including area code)  (Former name, address and fiscal year, if changed since last report)  Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days. YesxNoo  Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.  Yes
        x
        Noo   State the number of shares outstanding of each of the issuers classes of
common equity, as of July 24, 2006: 33,465,150 shares of common
stock.         SPEEDHAUL HOLDINGS, INC.

FINANCIAL STATEMENTS



INDEX



PART I-- FINANCIAL INFORMATION




Item 1. Financial Statements


Item 2. Managements Discussion and Analysis of Financial Condition


Item 3. Control and Procedures

PART II-- OTHER INFORMATION




Item 1. Legal Proceedings


Item 2. Changes in Securities


Item 3. Defaults Upon Senior Securities


Item 4. Submission of Matters to a Vote of Security Holders


Item 5. Other Information


Item 6. Exhibits and Reports on Form 8-K

SIGNATURE




Item 1.
        Financial Information

BASIS OF PRESENTATION



The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-QSB and item 310 under subpart A of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the six months ended June 30, 2006 are not necessarily indicative of results that may be expected for the year ending December 31, 2006. The financial statements are presented on the accrual basis.





SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)






SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)





CONTENTS






PAGE
        1
        CONDENSED CONSOLIDATED BALANCE SHEET AS OF JUNE 30, 2006 (UNAUDITED)PAGE
        2
        CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2006 AND 2005 AND FOR THE PERIOD FROM JUNE 30, 2004 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)PAGE
        3
        CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (DEFICIENCY) FOR THE PERIOD FROM JUNE 30, 2004 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)PAGE
        4
        CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005 AND FOR THE PERIOD FROM JUNE 30, 2004 (INCEPTION) TO JUNE 30, 2006 (UNAUDITED)PAGES
        5 - 8
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)




SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED BALANCE SHEET

AS OF JUNE 30, 2006

(UNAUDITED)










ASSETSCURRENT ASSETSCash
        $
        687TOTAL ASSETS
        $
        687LIABILITIES AND STOCKHOLDERS DEFICIENCYCURRENT LIABILITIESAccounts payable and accrued expenses
        $
        47,486Loan payable  related party
        
        4,650Note payable  related party
        
        10,000TOTAL LIABILITIES
        
        62,136STOCKHOLDERS DEFICIENCYPreferred stock, $0.0001 par value, 20,000,000 shares authorized, none issued and outstanding
        
        -Common stock, $0.0001 par value, 100,000,000 shares authorized, 33,465,150 shares issued and outstanding
        
        3,347Additional paid in capital
        
        18,453Accumulated deficit during development stage
        
        (83,249)Total Stockholders Deficiency
        
        (61,449)TOTAL LIABILITIES AND STOCKHOLDERS DEFICIENCY
        $
        687




See accompanying notes to condensed consolidated financial statements.

1



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)










For the Three Months Ended
June 30, 2006
        
        For the Three Months Ended
June 30, 2005
        
        For the Six Months Ended
June 30, 2006
        
        For the Six Months Ended
June 30, 2005
        
        For the Period from
June 30, 2004 (Inception) to June 30, 2006OPERATING EXPENSESProfessional fees
        $
        1,903
        $
        39,439
        $
        8,509
        $
        41,988
        $
        53,064Depreciation
        
        -
        
        1,104
        
        -
        
        2,208
        
        3,312Impairment of website
        
        -
        
        -
        
        -
        
        -
        
        9,938In-kind contribution of services
        
        1,250
        
        750
        
        3,000
        
        1,500
        
        9,000General and administrative
        
        224
        
        2,391
        
        2,706
        
        3,728
        
        7,636Total Operating Expenses
        
        3,377
        
        43,684
        
        14,215
        
        49,424
        
        82,950LOSS FROM OPERATIONS
        
        (3,377)
        
        (43,684)
        
        (14,215)
        
        (49,424)
        
        (82,950)OTHER EXPENSEInterest expense
        
        (150)
        
        -
        
        (300)
        
        -
        
        (300)Total Other Expense
        
        (150)
        
        -
        
        (300)
        
        -
        
        (300)LOSS BEFORE PROVISION FOR INCOME TAXES
        
        (3,527)
        
        (43,684)
        
        (14,515)
        
        (49,424)
        
        (83,250)Provision for Income Taxes
        
        -
        
        -
        
        -
        
        -
        
        -NET LOSS
        $
        (3,527)
        $
        (43,684)
        $
        (14,515)
        $
        (49,424)
        $
        (83,250)Net loss per share - basic and diluted
        $
        -
        $
        -
        $
        -
        $
        -
        $
        -Weighted average number of shares outstanding during the period  basic and diluted
        
        33,465,150
        
        22,310,100
        
        33,465,150
        
        22,310,100
        
        33,639,210

See accompanying notes to condensed consolidated financial statements.

2



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIENCY)

FOR THE PERIOD FROM JUNE 30, 2004 (INCEPTION) TO JUNE 30, 2006

(UNAUDITED)










Preferred Stock
        
        Common Stock
        
        Additional Paid-In
        
        Accumulated Deficit During DevelopmentShares
        
        Amount
        
        Shares
        
        Amount
        
        Capital
        
        Stage
        
        TotalBalance, June 30, 2004 (inception)
        
        -
        $
        -
        
        -
        $
        -
        $
        -
        $
        -
        $
        -Common stock issued to founders for cash ($0.00001 per share)
        
        -
        
        -
        
        30,000,000
        
        3,000
        
        (2,700)
        
        -
        
        300In-kind contribution of office space
        
        -
        
        -
        
        -
        
        -
        
        3,000
        
        -
        
        3,000Stock issued for shares held by stockholders of Speedhaul Holdings, Inc. ($0.0036 per share)
        
        -
        
        -
        
        3,465,150
        
        347
        
        12,153
        
        -
        
        12,500Net loss for the period from June 30, 2004 (inception) to December 31, 2004
        
        -
        
        -
        
        -
        
        -
        
        -
        
        (4,104)
        
        (4,104)Balance, December 31, 2004
        
        -
        
        -
        
        33,465,150
        
        3,347
        
        12,453
        
        (4,104)
        
        11,696In-kind contribution of office space
        
        -
        
        -
        
        -
        
        -
        
        3,000
        
        -
        
        3,000Net loss, 2005
        
        -
        
        -
        
        -
        
        -
        
        -
        
        (64,630)
        
        (64,630)Balance, December 31, 2005
        
        -
        $
        -
        
        33,465,150
        $
        3,347
        $
        15,453
        $
        (68,734)
        $
        (49,934)In-kind contribution of services
        
        -
        
        -
        
        -
        
        -
        
        3,000
        
        -
        
        3,000Net loss for the six months ended June 30, 2006
        
        -
        
        -
        
        -
        
        -
        
        -
        
        (14,515)
        
        (14,515)BALANCE, JUNE 30, 2006
        
        -
        $
        -
        
        33,465,150
        $
        3,347
        $
        18,453
        $
        (83,249)
        $
        (61,449)

See accompanying notes to condensed consolidated financial statements.

3



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED STATEMENTS CASH FLOWS

(UNAUDITED)










For the Six Months Ended
June 30, 2006
        
        For the Six Months Ended
June 30, 2005
        
        For the
Period from
June 30, 2004 (Inception) to
June 30, 2006CASH FLOWS FROM OPERATING ACTIVITIES:Net loss
        $
        (14,515)
        $
        (49,424)
        $
        (83,249)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation
        
        -
        
        2,208
        
        3,312Impairment of website
        
        -
        
        -
        
        9,938In-kind contribution
        
        3,000
        
        1,500
        
        9,000Changes in operating assets and liabilities:Increase (Decrease) in:Accounts payable and accrued expenses
        
        7,112
        
        41,536
        
        47,486Net Cash Used In Operating Activities
        
        (4,403)
        
        (4,180)
        
        (13,513)CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of intangible assets
        
        -
        
        (4,416)
        
        (13,250)Net Cash Used In Operating Activities
        
        -
        
        (4,416)
        
        (13,250)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from stockholder loan
        
        -
        
        -
        
        14,650Proceeds from issuance of common stock
        
        -
        
        -
        
        12,800Net Cash Provided By Financing Activities
        
        -
        
        -
        
        27,450NET INCREASE (DECREASE) IN CASH
        
        (4,403)
        
        (8,596)
        
        687CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
        
        5,090
        
        10,227
        
        -CASH AND CASH EQUIVALENTS AT END OF PERIOD
        $
        687
        $
        1,631
        $
        687SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid for interest
        $
        -
        $
        -
        $
        -Cash paid for taxes
        $
        -
        $
        -
        $
        -

See accompanying notes to condensed consolidated financial statements.

4



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)










NOTE 1
        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Basis of Presentation



The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.



It is managements opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.



(B) Organization



Speedhaul Holdings, Inc. f/k/a Segway VIII Corp. (a development stage company) was incorporated under the laws of the State of New Jersey on April 6, 2000. Activities during the development stage include developing the business plan and raising capital.



Speedhaul, Inc. (a development stage company) was incorporated under the laws of the State of New Jersey on June 30, 2004. Speedhaul, Inc. plans to operate an internet website which offers internet subscription based load and equipment posting and searching services for the freight trucking business. The Company will gather load and equipment information from subscribers who participate in all segments of the trucking industry; trucking companies, brokers, shippers, freight forwarders, logistical companies and others and make that information instantly available through a simple and easy to use internet based software program.



Speedhaul Holdings, Inc. and its wholly owned subsidiary Speedhaul, Inc. are hereafter referred to as (the Company). All intercompany accounts and balances have been eliminated in the consolidation.



(C) Use of Estimates



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





5



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)







(D) Principles of Consolidation



The consolidated financial statements include the accounts of Speedhaul Holdings, Inc. and its wholly owned subsidiary, Speedhaul, Inc. All significant inter company accounts and transactions have been eliminated.



(E) Cash and Cash Equivalents



For purpose of the cash flow statements, the Company considers all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents.



(F) Loss Per Share



Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by Financial Accounting Standards No. 128, Earnings Per Share.  As of June 30, 2006 and 2005 and for the period from June 30, 2004 (inception) to June 30, 2006, respectively, there were no common share equivalents outstanding.



(G) Income Taxes



The Company accounts for income taxes under the Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes (Statement 109). Under statement 109, deferred tax assets and liabilities are recognized for the future   tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to b e recovered or settled. Under Statement 109, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.



(H) Business Segments



The Company operates in one segment and therefore segment information is not presented.



(I)Recent Accounting Pronouncements



SFAS 155, Accounting for Certain Hybrid Financial Instruments and SFAS 156, Accounting for Servicing of Financial Assets were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements.





6



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)








NOTE 2
        LOAN PAYABLE  RELATED PARTY

During 2004, the Company received working capital loans from a stockholder of $5,000 and $4,500 totaling $9,500 and repaid $4,850 during 2004. The loans are non-interest bearing, unsecured and due on demand. The outstanding balance at June 30, 2006 was $4,650.




NOTE 3
        NOTE PAYABLE  STOCKHOLDER

During 2005, the Company received a note payable of $10,000 from a law firm related to two stockholders of the Company. The note bears interest at 6%, is unsecured and due on November 8, 2006. The outstanding balance at June 30, 2006 was $10,000.




NOTE 4
        STOCKHOLDERS DEFICIENCY

(A) Common Stock Issued for Cash



On June 30, 2004, the Company issued 30,000,000 shares of common stock to its founder for cash of $300 ($0.00001 per share).



(B) Common Stock Issued in Reverse Merger



On December 20, 2004, Speedhaul Holdings, Inc. exchanged 3,465,150 shares of common stock having a fair value of $12,500 for all the outstanding shares of Speedhaul, Inc.



(C) In-Kind Contribution



Since inception to June 30, 2006, the Company recorded $9,000 of in-kind services provided. Of the total, $7,500 was for rent expense for space provided by its majority stockholder. The remaining $1,500 was for services provided.



(D) Stock Split



During November 2005, the Company declared a 1 for 1.5 common stock split effective to stockholders of record on November 13, 2005. Per share and weighted average amounts have been retroactively restated in the accompanying unaudited consolidated financial statements and related notes to reflect this stock split.




NOTE 5
        RELATED PARTY TRANSACTIONS

See Notes 2, 3 and 4.







7



SPEEDHAUL HOLDINGS, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2006

(UNAUDITED)








NOTE 6
        GOING CONCERN

As reflected in the accompanying financial statements, the Company is in the development stage and has a working capital and stockholders deficiency of $61,449, a loss from operations for the six months ended June 30, 2006 of $14,515, net cash used in operations of $4,403. These factors raise substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Companys ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.



Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.




NOTE 7
        SUBSEQUENT EVENT

During July 2006, the Company received a loan for working capital of $25,000 from its President. The loan is non interest bearing, unsecured and due on demand.





8












Item 2.
        Managements Discussion and Analysis or Plan of Operation

Plan of Operation



Our plan of operations for the next twelve months is to complete the following objectives within the time period specified. Such plan of operation has previously been delayed because to date we have been unable to received clearance to have our shares quoted on the OTCBB and therefore have not been able to receive additional financing. Our plan of operations as set forth below is contingent upon receiving such clearance to trade and entering into an agreement for additional financing.




1.
        Generate sales from our corporate website.

In order to accomplish this goal, we intend to recruit additional sales individuals which will improve our customer service and sales performance. In addition, we intend to have a high level of customer service and sales training, and design our sales associates compensation structure to include incentives related to customer service goals. We do expect to incur administrative costs in developing our corporate selling culture by recruiting and training additional personnel. Additionally, the hiring of any sales and marketing personnel is included in our budgeted sales related payroll expense of $5,000 per month. To date, we have not offered nor sold any items from our website. We anticipate that as we continue to add products and additional services over the next 12 months, that those products and services will enhance our site. Our sales success depends on two fundamental points:




-
        Developing innovative ways to satisfy customers needs for a simple, yet comprehensive way to search for postings in an easy-to-use online system.-
        Superior Customer Sales & Support.

We have contracted with Bank of America for handling credit cards and charges to our website. There was a small fee to set up this contract but we do not incur any cost in maintaining this system. However, Bank of America does charge a fee of $.15 per transaction. With the Bank of America service in place, in January 2005, we began instituting our fee structure for our subscriptions as follows:




-
        Free 30 day trial period for carriers-
        $29.95/month for carriers to access available loads-
        Free load postings


2.
        Focused Marketing and Advertising Efforts.

Our print media budget is $3,000 per month for the next twelve months. We have a print advertising campaign planned which was scheduled to commence in the first quarter of 2006 and continue through 2006, which is designed to bring new qualified visitor/customers directly to the website. We have approached, but not negotiated or contracted with any additional advertisers who we will advertise with during 2006. To date we have not commenced this print advertising campaign and intend to commence same by the end of the third quarter of 2006 if we are able to raise sufficient funds.



We intend to participate in industry trade shows. We view trade shows as a way to meet new and existing customers and suppliers as well as an opportunity to develop valuable business and sales relationships. We have allocated $24,000 annually from our marketing and advertising budget for trade show participation. An additional component of our marketing and advertising plan includes special promotions, which include setting up exhibits at truck stops and other industry related activities. We have allocated $12,000 annually from our marketing and advertising budget for special promotions. However, we can not commence such marketing and advertising until such time as we have raised additional funds.





We have direct link advertising planned for the site, beginning in the second quarter of 2006 and continuing through 2006, which is designed to bring new qualified visitors/customers directly to the web site. We have approached, but not negotiated or contracted with, any additional advertisers who will advertise on our web site during 2006. By putting click-through banners on other Websites, traffic generated on one Web site has the ability to move easily to the Companys Web site by simply clicking on the banner.




3.
        Develop links to other websites.

We intend to provide additional links to other website. These links will be carefully selected to provide valuable information resources to visitors to our website. There is no cost to our company for maintaining these links, and we do not expect to incur any direct cost in implementing these links. We added a link to mapquest.com in the second quarter. MapQuest is a leader in Advanced Mapping Solutions and has over 30 years of traditional and digital mapping experience. From a Cartographic Services and GIS technology foundation, MapQuest has progressed to become a leading supplier of geographic information products, web mapping, and telecommunications markets.



MapQuest has provided companies in many industries such as travel, real estate, retail and healthcare, fast, reliable, accurate and cost effective solutions. MapQuest has the experience and flexibility to meet the needs of fast-moving companies. With MapQuests ongoing research and development, SpeedHaul will be able to tailor mapping solutions for individual clients needs without high development costs.




4.
        Research and Development.

We intend to devote time and financial resources to research and development activities to develop additional products and services. We anticipate including research and development activities due to the rapid technological evolution of Internet-based commerce. We also intended to merge the technology of the Internet with the portability of the hand-held two-way pager messaging unit(s) by the end of the second quarter. However, to date, we have not merged the technology although we intend to do so by the end of the fourth quarter of 2006. We intend to resell pager units manufactured by a third party. This pager will provide the user with the ability to access the Internet; thereby anyone can post his or her truck availability or shipment specifications. Personal pagers are also a critical link between the trucker and his most valuable commodity, his family. E-mail can be sent and received while traveling to
the next destination. SpeedHaul will be able to provide its customers with the flexibility to lease or buy their paging units. We have not approached, negotiated or contracted with any third party providers for paging devices. Research and development expenditures are budgeted at $120,000 for 2006. There is no assurance that we will successfully develop these products or services, or that competitors will not develop products or services sooner or products or services that are superior to our product or service offerings. In addition, until such time as we raise additional funds we will not be in a position to commence our research and development.



Completion of our plan of operations is subject to attaining adequate revenue. We cannot assure investors that adequate revenues will be generated. In the absence of our projected revenues, we may be unable to proceed with our plan of operations. Even without significant revenues within the next twelve months, we still anticipate being able to continue with our present activities, but we may require financing to potentially achieve our goal of profit, revenue and growth.



In November 2005, we received a loan from a shareholder in the amount of $10,000. The note bears interest at 6%, is unsecured and due on demand. Andrew Norins, our sole officer, director and principal shareholder has agreed to provide additional financing to us in the future until we are able to receive adequate funding to expand our business operations. There is no set amount that Andrew Norins has agreed to fund although such amount will be enough to cover our costs for our operations until additional funds become available. It is intended that the loans will be made without interest and shall call for payments in twelve months. Although Mr. Norins has assured us that he will cover the costs of operations, we have no legal recourse if he fails to do so.



We do not anticipate the purchase or sale of any significant equipment. We expect to increase the number of employees by hiring two full time administrative employees and one full time employee for sales & marketing once we have successfully completed our financing. We have not identified such employees nor had any discussions with potential candidates. Depending on business we may sub-contract with sales and marketing entities to undertake marketing on our behalf. At this time we have not entered into any agreements or negotiations with sales and marketing entities to undertake marketing for us.





The foregoing represents our best estimate of our cash needs based on current planning and business conditions. The exact allocation, purposes and timing of any monies raised in subsequent private financings may vary significantly depending upon the exact amount of funds raised and status of our business plan. In the event we are not successful in reaching our initial revenue targets, additional funds may be required and we would then not be able to proceed with our business plan for the development and marketing of our core products and services. Should this occur, we would likely seek additional financing to support the continued operation of our business. We anticipate that depending on market conditions and our plan of operations, we could incur operating losses in the foreseeable future. We base this expectation, in part, on the fact that we may not be able to generate enough gross profit from our
advertising and new products to cover our operating expenses.



As of June 30, 2006, we had total assets of $687 consisting solely of cash of $687. As of June 30, 2006 our total current liabilities amounted to $62,136. Our general and administrative expenses are expected to average $2,788 per month for the next 12 months. We do not have plans to pay any salary to our sole officer and employee for the next 12 months. However, we still do not have sufficient cash to meet our minimum expenses for the next 12 months and we will be unable to expand on our business unless we are successful in raising additional capital. In addition, we will need to raise additional capital to continue our operations past 12 months, and there is no assurance we will be successful in raising the needed capital.



As reflected in the accompanying financial statements, we are in the development stage with limited operations. This raises substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital and implement our business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.



Currently we have no material commitments for capital expenditures. We do not have any external source of funding except that Andrew Norins has agreed to provide financing to us in the future until we are able to receive additional funding. Management believes that, even though our auditors have expressed doubt about our ability to continue as a going concern.



Critical Accounting Policies



Speedhaul Holdings financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (GAAP). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different
assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.



Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, Speedhaul Holdings views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on Speedhaul Holdings consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.



Recent Accounting Pronouncements



SFAS 155, Accounting for Certain Hybrid Financial Instruments and SFAS 156, Accounting for Servicing of Financial Assets were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements.







Item 3.
        Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of June 30, 2006. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commissions rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.



There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the first quarter of fiscal 2006 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



Recent Accounting Pronouncements



SFAS 155, Accounting for Certain Hybrid Financial Instruments and SFAS 156, Accounting for Servicing of Financial Assets were recently issued. SFAS 155 and 156 have no current applicability to the Company and have no effect on the financial statements.



PART II - OTHER INFORMATION




Item 1.
        Legal Proceedings.


The Company is currently not a party to any pending legal proceedings and no such action by, or to thebest of its knowledge, against the Company has been threatened.


Item 2.
        Changes in Securities.


None


Item 3.
        Defaults Upon Senior Securities.


None


Item 4.
        Submission of Matters to a Vote of Security Holders.

No matter was submitted during the quarter ending June 30, 2006, covered by this report to a vote of the Companys shareholders, through the solicitation of proxies or otherwise.




Item 5.
        Other Information.


None





Item 6.
        Exhibits and Reports of Form 8-K.


(a)
        Exhibits


31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002


32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002




(b)
        Reports of Form 8-K


None







SIGNATURES



In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, there unto duly authorized.




SPEEDHAUL HOLDINGS, INC.


By: /s/ Andrew NorinsAndrew Norins,President, Chief Executive Officer,Chief Financial Officer, Secretary &Director



Date: July 25, 2006