**UNITED          STATES**

**SECURITIES          AND EXCHANGE COMMISSION**

**Washington,          D.C. 20549**

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**FORM          10-Q**

| x | QUARTERLY                    REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE                    ACT OF                    1934. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------|

| For                  the quarterly period ended        MARCH                  31, 2008             |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                    REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE                    ACT OF                    1934. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------|

| For                    the transition period from                  to                  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**CAVALIER          HOLDINGS, INC.**

| **Delaware**                                                                                                    |   |   | **20-8429161**                                                                |
|-----------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------|
| (State                    or Other Jurisdiction of Incorporation or                    Organization)  |   |   | (IRS                    Employer Identification                    No.)  |

| **2808                    East North Street, Ste 27****Greenville,                    S. C.** | **29615**                     |
|-----------------------------------------------------------------------------------------------|-------------------------------|
| (Address                    of Principal Executive Offices)                                   | (Zip                    Code) |

**(864)          292-3208 **

| N/A                                                                                                                                         |
|---------------------------------------------------------------------------------------------------------------------------------------------|
| (Former                    Name, Former Address and Former Fiscal Year, if Changed Since                    Last                    Report) |

|     Large                    accelerated filer  ̈     | Accelerated                    filer  ̈    |
|-------------------------------------------------------------------------------|------------------------------------------------|
|     Non-accelerated                    filer  ̈  | Smaller                    reporting company x |

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| Class                    of Securities                 |   | Shares                    Outstanding |
|--------------------------------------------------------|--------|---------------------------------------|
| **Common                    Stock, $0.0001 par value** |   | **4,000,000**                         |

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**TABLE          OF CONTENTS**

| **INDEX**                                                                                                                                                                                                                                                                                                                                                             | **Page** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| FORWARD-LOOKING                    STATEMENTS                                                                                                                                                                                                                                                                                                                         |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| PART                    I                    -                    FINANCIAL                    INFORMATION                                                                                                                                                                                                                                                            |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    1 - FINANCIAL STATEMENTS                                                                                                                                                                                                                                                                                                                      |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| Balance                    Sheet as of March 31, 2008 (unaudited) and December 31,                    2007                                                                                                                                                                                                                                                            |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| Statement                    of Operations for the three months ended March 31, 2008 (unaudited),                    the                    period from February 7, 2007 (inception) through March 31, 2007                    (unaudited), and the period from February 7, 2007 (inception)                    through                    March 31, 2008 (unaudited) |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| Statement                    of Cash Flows for the three months ended March 31, 2008 (unaudited),                    the                    period from February 7, 2007 (inception) through March 31, 2007                    (unaudited), and the period from February 7, 2007 (inception)                    through                    March 31, 2008 (unaudited) |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| Notes                    to Unaudited Financial Statements                                                                                                                                                                                                                                                                                                            |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION                    AND                    RESULTS OF OPERATIONS                                                                                                                                                                                                               |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    3 - QUANTITATIVE                    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                                                                                                                                                                                                                        |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    4 - CONTROLS AND PROCEDURES                                                                                                                                                                                                                                                                                                                   |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| PART                    II - OTHER                    INFORMATION                                                                                                                                                                                                                                                                                           |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    1 - LEGAL PROCEEDINGS                                                                                                                                                                                                                                                                                                                         |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF                    PROCEEDS                                                                                                                                                                                                                                                            |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    3 - DEFAULTS UPON SENIOR SECURITIES                                                                                                                                                                                                                                                                                                           |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                                                                                                                                                                                                                                                       |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    5 - OTHER INFORMATION                                                                                                                                                                                                                                                                                                                         |     |
|                                                                                                                                                                                                                                                                                                                                                                  |     |
| ITEM                    6 - EXHIBITS                                                                                                                                                                                                                                                                                                                                  |     |

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**Forward-Looking      Statements**

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**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

CAVALIER      HOLDINGS, INC.

|                                                                                                                                                            |   | **March                    31,****2008** |    |  **December                    31,****2007** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|---------|---------------------------------------------------|--------|
|                                                                                                                                                            |   | (unaudited)                              |    |                                         |   |
| ASSETS                                                                                                                                                          |   |                                     |    |                                         |   |
| Current                    Assets                                                                                                                               |   |                                     |    |                                         |   |
| Cash                                                                                                                                                            |   | $                                        | 89      |                                              | $      | 100 |   |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
|                        Total Assets                                                                                                                   |   | $                                        | 89      |                                              | $      | 100 |   |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
| LIABILITIES                    AND STOCKHOLDER'S DEFICIT                                                                                                        |   |                                     |    |                                              |   |   |   |
| Current                    Liabilities                                                                                                                          |   |                                     |    |                                              |   |   |   |
| Accrued                    expenses                                                                                                                             |   | $                                        | 16,627  |                                              | $      | 12,500 |   |
| Advance                    from related party                                                                                                                   |   |                                     | 9,509   |                                              |   | 4,009 |   |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
|                        Total Current Liabilities                                                                                                      |   |                                     | 26,136  |                                              |   | 16,509 |   |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
| Stockholder's                    Deficit                                                                                                                        |   |                                     |    |                                              |   |   |   |
| Preferred                    stock, $.0001 par value; authorized: 10,000,000 shares; shares                    issued and                    outstanding: None  |   |                                     |    |                                              |   |   |   |
| No                    shares issued and outstanding                                                                                                             |   |                                     |    |                                              |   |   |   |
|                                                                                                                                                            |   |                                     |    |                                              |   |   |   |
| Common                    stock, $.0001 par value; authorized: 50,000,000 shares; 4,000,000                    shares                    issued and outstanding |   |                                     | 400     |                                              |   | 400 |   |
| Additional                    paid-in capital                                                                                                                   |   |                                     | 6,899   |                                              |   | 6,899 |   |
| Accumulated                    deficit                                                                                                                          |   |                                     | (33,346 | )                                                 |   | (23,708 | ) |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
|                        Total Stockholders' Deficit                                                                                                    |   |                                     | (26,047 | )                                                 |   | (16,409 | ) |
|                                                                                                                                                  |   |                                     |    |                                              |   |   |   |
|                        Total Liabilities and Stockholder's Deficit                                                                                    |   | $                                        | 89      |                                              | $      | 100 |   |

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CAVALIER      HOLDINGS, INC.

|                                                                                  |   | For The Three MonthsEnded Months 31,2008 |      | For The PeriodFebruary 7, 2007(inception) to March31, 2007 |   | For The PeriodFebruary 7, 2007(inception) to March31, 2008 |   |
|---------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|-----------|-----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------|--------|
| Revenues                                                          |   |                                                              |           |                                                                                          |   |                                                                                               |   |   |  |   |
|                                                                                  |   | $                                                                 | -         |                                                                                          | $      | -                                                                                             |   | $ | - |   |
|                                                                   |   |                                                              |           |                                                                                          |   |                                                                                               |   |   |  |   |
| General                  and Administrative Expenses                                  |   |                                                              | 9,638     |                                                                                          |   | 10,708                                                                                        |   |   | 33,346 |   |
|                                                                   |   |                                                              |           |                                                                                          |   |                                                                                               |   |   |  |   |
| Net                  Loss                                                             |   | $                                                                 | (9,638    | )                                                                                             | $      | (10,708                                                                                       | )      | $ | (33,346 | ) |
|                                                                   |   |                                                              |           |                                                                                          |   |                                                                                               |   |   |  |   |
|                                                                   |   |                                                              |           |                                                                                          |   |                                                                                               |   |   |  |   |
| Net                  loss per share - basic and diluted                          |   |                                                              | (.00)*    |                                                                                          |   | (.00)*                                                                                        |   |   | (00)* |   |
|                                                                   |   |                                                              |           |                                                                                          |   |                                                                                               |   |   |  |   |
| Weighted                  average common shares outstanding - basic and diluted  |   |                                                              | 4,000,000 |                                                                                          |   | 4,000,000                                                                                     |   |   | 4,000,000 |   |

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|                                                                                                                                  |   | For The ThreeMonths Ended March31, 2008 |   | For the Period February7, 2007 (inception) toMarch 31, 2007 |   | For the Period February7, 2007 (inception) toMarch 31, 2008 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------|--------|
| Cash flow from                  operating activities                                                                                                 |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Net                  loss                                                                                                                            |   | $                                                                | (9,638 | )                                                                                                   | $      | (10,708                                                                                             | )      | $ | (33,346 | ) |
|                      Adjustments to reconcile net loss to net cash used in operating                  activities Increase in accrued expenses   |   |                                                             | 4,127  |                                                                                                |   | 4,009                                                                                               |   |   | 16,627 |   |
|                                                                                                                                  |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Net                  cash used in operating activities                                                                                                    |   |                                                             | (5,511 | )                                                                                                   |   | (6,699                                                                                              | )      |   | (16,719 | ) |
|                                                                                                                                  |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Cash                  flow from financing activities                                                                                                           |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Proceeds                  from issuance of common stock                                                                                                   |   |                                                             | -      |                                                                                                |   | 5,299                                                                                               |   |   | 5,299 |   |
| Capital                  contribution                                                                                                                     |   |                                                             | -      |                                                                                                |   | 1,500                                                                                               |   |   | 2,000 |   |
| Advance                  from related party                                                                                                               |   |                                                             | 5,500  |                                                                                                |   | -                                                                                                   |   |   | 9,509 |   |
|                                                                                                                                  |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Net                  cash provided by financing activities                                                                                                |   |                                                             | 5,500  |                                                                                                |   | 6,799                                                                                               |   |   | 16,808 |   |
|                                                                                                                                  |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Net                  (decrease) increase in cash for the period                                                                                           |   |                                                             | (11    | )                                                                                                   |   | 100                                                                                                 |   |   | 89 |   |
|                                                                                                                                  |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Cash                  at beginning of the period                                                                                                               |   |                                                             | 100    |                                                                                                |   | -                                                                                                   |   |   | - |   |
|                                                                                                                                                           |   |                                                             |        |                                                                                                |   |                                                                                                     |   |   |  |   |
| Cash                  at end of the period                                                                                                                     |   | $                                                                | 89     |                                                                                                | $      | 100                                                                                                 |   | $ | 89 |   |

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**.**

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**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations. **

*Plan      of Operation*

**Item 3.      Quantitative and Qualitative      Disclosures About Market Risk.**

**Item 4.      Controls and Procedures.**

*Evaluation      of disclosure controls and procedures*

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*.      *

*Changes      in internal controls*

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**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings. **

**Item      2. Unregistered Sales of Equity Securities and Use of Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information. **

**Item      6. Exhibits.**

**Exhibit**
**Description      of Exhibit**
** **

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**SIGNATURES**

|                               | **CAVALIER                HOLDINGS, INC.** |
|------------------------------------|--------------------------------------------|
|                               | (Registrant)                               |
|                               |                                       |   |
| Dated:                May 15, 2008 | By:                                        | /s/                Leo Mentzelopoulos |
|                               |                                       | Leo                Mentzelopoulos |
|                               |                                       | President |

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