**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-Q**

**SFH      I ACQUISITION CORP.**

| Delaware                                       |   | 20-5941535                            |
|------------------------------------------------|--------|---------------------------------------|
| (State                or other jurisdiction of |   | (I.R.S.                employer       |
| incorporation                or organization)  |   | identification                number) |

| 3363                NE 163rd                Street Suite 705 |   |                      |
|--------------------------------------------------------------|--------|---------------------------|
| North                Miami Beach, Florida                    |   | 33160                     |
| (Address                of principal executive offices)      |   | (Zip                Code) |

**APPLICABLE      ONLY TO CORPORATE ISSUERS:**

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**INDEX**
** **

| **PART                I. – FINANCIAL INFORMATION**                                                                                                                                                        |                                                                                                                     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item                 1.                                                                                                                                                                                         | Financial                Statements                                                                                      |  3 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Balance                Sheets at March 31, 2008 (unaudited) and December 31, 2007                (audited)                                                                                                           |  F-1                                                                                                                |
|                                                                                                                                                                                                                 |                                                                                                                     |
| Statement                of Operations for the Three Month Period ended March 31, 2008 and                March                31, 2007 and from inception (November 20, 2006) through March 31,                2008 |  F-2                                                                                                                |
|                                                                                                                                                                                                                 |                                                                                                                     |
| Statements                of Cash Flows for the Three Month Period Ended March 31, 2008 and                March                31, 2007 and from Inception to March 31, 2008 (unaudited)                            |  F-3                                                                                                                |
|                                                                                                                                                                                                                 |                                                                                                                     |
| Notes                to Interim Financial Statements as of March 31, 2008                (unaudited)                                                                                                                 |  F-4                                                                                                                |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item                 2.                                                                                                                                                                                         | Management’s                Discussion and Analysis of Financial Condition and Results of                Operation |  4 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item                 3.                                                                                                                                                                                         | Quantitative                and Qualitative Disclosure About Market Risk                                                 |  6 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item                 4.                                                                                                                                                                                         | Controls                and Procedures                                                                                   |  6 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item                 4t.                                                                                                                                                                                        | Controls                and Procedures                                                                                   |  6 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| **PART                II. – OTHER INFORMATION**                                                                                                                                                                |                                                                                                                     |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item                 1.                                                                                                                                                                                         | Legal                Proceedings                                                                                         |  6 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item 1A.                                                                                                                                                                                                        | Risk                Factors                                                                                              |  6 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item 2.                                                                                                                                                                                                         | Unregistered                Sales of Equity Securities and Use of Proceeds                                               |  7 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item 3.                                                                                                                                                                                                         | Defaults                upon senior securities                                                                           |  7 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item 4.                                                                                                                                                                                                         | Submission                of matters to a vote of security holders                                                       |  7 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item 5.                                                                                                                                                                                                         | Other                information                                                                                         |  7 |
|                                                                                                                                                                                                                 |                                                                                                                     |   |
| Item 6.                                                                                                                                                                                                         | Exhibits                                                                                                                 |  7 |

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**PART      I. FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

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**SFH      I Acquisition Corp.**

**(A      Development Stage Company)**

**BALANCE      SHEETS**

|                                                                                                                                                                                                              |   | March 31, 2008 |     | December 31, 2007 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|----------|-----------------------------|--------|
|                                                                                                                                                                                                              |   | (Unaudited)              |     | (1)                         |   |
| ASSETS                                                                                                                                                                                                            |   |                     |     |                        |   |   |   |
| Current                assets:                                                                                                                                                                                    |   |                     |     |                        |   |   |   |
| Cash                and cash equivalents                                                                                                                                                                          |   | $                        | 421,670  |                        | $      | 160,116 |   |
| Prepaid                expenses                                                                                                                                                                                   |   |                     | -        |                        |   | 7,500 |   |
| Notes                receivable from related party, including accrued interest of $2,317                and                $3,283 at March 31, 2008 and December 31, 2007,                respectively            |   |                     | 77,317   |                        |   | 78,283 |   |
| Total                assets                                                                                                                                                                                       |   | $                        | 498,987  |                        | $      | 245,899 |   |
|                                                                                                                                                                                                              |   |                     |     |                        |   |   |   |
| LIABILITIES                AND STOCKHOLDERS' EQUITY                                                                                                                                                               |   |                     |     |                        |   |   |   |
|                                                                                                                                                                                                              |   |                     |     |                        |   |   |   |
| Current                liabilities:                                                                                                                                                                               |   |                     |     |                        |   |   |   |
| Accounts                payable and accrued expenses                                                                                                                                                              |   | $                        | 26,346   |                        | $      | 11,001 |   |
| Due                to related party                                                                                                                                                                               |   |                     | 13,100   |                        |   | - |   |
| Notes                payable to a stockholder, including accrued interest of $3,647 and                $2,130                at March 31, 2008 and December 31, 2007, respectively                                |   |                     | 43,647   |                        |   | 42,130 |   |
| Total                current liabilities                                                                                                                                                                          |   |                     | 83,093   |                        |   | 53,131 |   |
|                                                                                                                                                                                                              |   |                     |     |                        |   |   |   |
| Stockholders'                equity                                                                                                                                                                               |   |                     |     |                        |   |   |   |
| Preferred                stock; $.0001 par value, 20,000,000 shares authorized, none issued                and                outstanding                                                                         |   |                     | -        |                        |   | - |   |
| Common                stock; $.0001 par value, 300,000,000 shares authorized, 10,613,000                and                5,000,000 issued and outstanding at March 31 2008 and December 31,                2007 |   |                     | 1,061    |                        |   | 1,000 |   |
| Additional                paid-in capital                                                                                                                                                                         |   |                     | 545,339  |                        |   | 269,500 |   |
| Accumulated                deficit                                                                                                                                                                                |   |                     | (130,506 | )                           |   | (77,732 | ) |
|                                                                                                                                                                                                              |   |                     |     |                        |   |   |   |
| Total                stockholders' equity                                                                                                                                                                         |   |                     | 415,894  |                        |   | 192,768 |   |
|                                                                                                                                                                                                              |   |                     |     |                        |   |   |   |
| Total                liabilities and stockholders' equity                                                                                                                                                         |   | $                        | 498,987  |                        | $      | 245,899 |   |

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**SFH      I Acquisition Corp.**

**(A      Development Stage Company)**

**STATEMENTS      OF OPERATIONS**

|                                                                        |   | Three-month period   |       | From November 20, 2006   |   |
|-----------------------------------------------------------------------------|--------|---------------------------|------------|-----------------------------------------|--------|
|                                                                        |   | ended March 31, |       | (Inception) to March 31, |   |
|                                                                        |   | 2008                      |       | 2007                                    |   | 2008 |   |
|                                                                        |   | (Unaudited)               |       | (Unaudited)                             |   | (Unaudited) |   |
| Operating expenses:                                                    |   |                      |       |                                    |   |   |   |   |   |   |
| Selling,                general, and administrative expenses                |   | $                         | 53,240     |                                    | $      | 4,061 |   | $ | 132,125 |   |
|                                                                        |   |                      |       |                                    |   |   |   |   |   |   |
| Other                expense:                                               |   |                      |       |                                    |   |   |   |   |   |   |
| Interest                income                                              |   |                      | (491       | )                                       |   | - |   |   | (491 | ) |
| Interest                income- related party                               |   |                      | (1,492     | )                                       |   | - |   |   | (4,775 | ) |
| Interest                expense-related party                               |   |                      | 1,517      |                                    |   | 350 |   |   | 3,647 |   |
|                                                                        |   |                      |       |                                    |   |   |   |   |   |   |
| Net                loss                                                     |   | $                         | (52,774    | )                                       | $      | (4,411 | )   | $ | (130,506 | ) |
|                                                                        |   |                      |       |                                    |   |   |   |   |   |   |
| Basic                and diluted loss per common share                      |   | $                         | (0.01      | )                             | $      | (0.00 | ) |   |   |   |
|                                                                        |   |                      |       |                                    |   |   |   |   |   |   |
| Basic                and diluted weighted average common shares outstanding |   |                      | 10,006,736 |                                    |   | 5,000,000 |   |   |   |   |

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**SFH      I Acquisition Corp.**

**(A      Development Stage Company)**

**STATEMENTS      OF CASH FLOWS**

|                                                                                                      |   | Three-month period   |    | From November 20, 2006   |   |
|-----------------------------------------------------------------------------------------------------------|--------|---------------------------|---------|-----------------------------------------|--------|
|                                                                                                      |   | ended March 31, |    | (Inception) to March 31, |   |
|                                                                                                      |   | 2008                      |    | 2007                                    |   | 2008 |   |
|                                                                                                      |   | (Unaudited)               |    | (Unaudited)                             |   | (Unaudited) |   |
| Cash flows from operating activities:                                                 |   |                      |    |                                    |   |   |   |   |   |   |
| Net                loss                                                                                   |   | $                         | (52,774 | )                                       | $      | (4,411 | ) | $ | (130,506 | ) |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |                      |    |                                    |   |   |   |   |   |   |
| Changes                in operating assets and liabilities:                                               |   |                      |    |                                    |   |   |   |   |   |   |
| Accrued                interest on notes payable to a stockholder                                         |   |                      | 1,517   |                                    |   | 349 |   |   | 3,647 |   |
| Accrued                interest on notes receivable from related party                                    |   |                      | 966     |                                    |   | - |   |   | (2,317 | ) |
| Prepaid                expense                                                                            |   |                      | 7,500   |                                    |   | - |   |   | - |   |
| Accounts                payable and accrued expenses                                                      |   |                      | 15,345  |                                    |   | (6,400 | ) |   | 26,346 |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Net                cash used in operating activities                                                      |   |                      | (27,446 | )                                       |   | (10,462 | ) |   | (102,830 | ) |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Cash                flows from financing activities:                                                      |   |                      |    |                                    |   |   |   |   |   |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Issuance                of notes receivable                                                               |   |                      | -       |                                    |   | - |   |   | (75,000 | ) |
| Payment                of financing fees                                                                  |   |                      | (17,500 | )                                       |   | - |   |   | (47,500 | ) |
| Proceeds                from issuance of shares of common stock                                           |   |                      | 306,500 |                                    |   | - |   |   | 607,000 |   |
| Proceeds                from issuance of notes payable to a stockholder                                   |   |                      | -       |                                    |   | 10,000 |   |   | 40,000 |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Net                cash provided by financing activities                                                  |   |                      | 289,000 |                                    |   | 10,000 |   |   | 524,500 |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Net                increase (decrease) in cash                                                            |   |                      | 261,554 |                                    |   | (462 | ) |   | 421,670 |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Cash,                beginning of period                                                                  |   |                      | 160,116 |                                    |   | 1,341 |   |   | - |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Cash,                end of period                                                                        |   | $                         | 421,670 |                                    | $      | 879 |   | $ | 421,670 |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Cash                paid for interest                                                                     |   | $                         | -       |                                    | $      | - |   | $ | - |   |
| Cash                paid for taxes                                                                        |   | $                         | -       |                                    | $      | - |   | $ | - |   |
|                                                                                                      |   |                      |    |                                    |   |   |   |   |   |   |
| Non-cash                investing and financing activities:                                               |   |                      |    |                                    |   |   |   |   |   |   |
| Financing                fees                                                                             |   | $                         | 13,100  |                                    | $      | - |   | $ | 13,100 |   |

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**SFH      I ACQUISITION CORP. **

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      1 -Organization and Description of Business, Basis of      Presentation**

**Organization      and Description of Business**

**Note      2 - Summary of Significant Accounting Policies **

**Cash      and Cash Equivalents **

**Development      Stage**

**Fair      Value of Financial Instruments **

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**SFH      I ACQUISITION CORP.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      2 - Summary of Significant Accounting Policies - Continued**

**Income      Taxes **

**Use      of Estimates **

**Basic      and Diluted Earnings per Common Share **

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**SFH      I ACQUISITION CORP.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      2 - Summary of Significant Accounting Policies- Continued**

**Recently      Issued Accounting Pronouncements**

*Disclosures      about Derivative Instruments and Hedging Activities, an amendment of FASB      Statement No. 133, *

*Business      Combinations*

*Noncontrolling      Interests in Consolidated Financial Statements, an amendment of ARB      No. 51,*

**Note      3 - Accounts Payable and Accrued Expenses **

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**SFH      I ACQUISITION CORP.**

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      4 - Related Party Transactions**

**Note      5 - Stockholders’ Equity**

**Common      Stock**

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**SFH      I ACQUISITION CORP. **

**(A      Development Stage Company)**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS **

**Note      5 - Stockholders’ Equity- Continued**

**Preferred      Stock**

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

**Background**

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*Three-Months      ended March 31, 2008 as compared to the three-months ended March 31, 2007.      *

*Operational      Expenses*

*Liquidity      and Capital Resources*

*Off-Balance      Sheet Arrangements*

**Subsequent      Events;**

**.**

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

**Item      4. Controls and Procedures.**

**Item      4t Controls and Procedures**

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      1.A. Risk Factors**

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**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                No. |   | Description                                                                                                                                                                                                                                                                                                          |
|----------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |   |                                                                                                                                                                                                                                                                                                                 |
| *3.1                       |   | Certificate                of Incorporation, as filed with the Delaware Secretary of State on                November 20, 2006.                                                                                                                                                                                      |
|                       |   |                                                                                                                                                                                                                                                                                                                 |
| *3.2                       |   | By-Laws.                                                                                                                                                                                                                                                                                                             |
|                       |   |                                                                                                                                                                                                                                                                                                                 |
| 31.1                       |   | Certification                of the Company's Principal Executive Officer pursuant to Section                302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant's                Quarterly                Report on Form 10-Q for the quarter ended March 31,                2008. |
|                       |   |                                                                                                                                                                                                                                                                                                                 |
| 31.2                       |   | Certification                of the Company's Principal Financial Officer pursuant to Section                302 of                the Sarbanes-Oxley Act of 2002, with respect to the registrant's                Quarterly                Report on Form 10-Q for the quarter ended March 31,                2008. |
|                       |   |                                                                                                                                                                                                                                                                                                                 |
| 32.1                       |   | Certification                of the Company's Principal Executive Officer pursuant to 18 U.S.C.                Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002.                                                                      |

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| 32.2 |   | Certification                of the Company's Principal Financial Officer pursuant to 18 U.S.C.                Section                1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act                of                2002. |
|------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| * | Filed                as an exhibit to the Company's Registration Statement on Form 10-SB,                as                filed with the Securities and Exchange Commission on May 11, 2007,                and                incorporated herein by this                reference. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**SIGNATURES**

|                                     | SFH                I ACQUISITION CORP. |
|------------------------------------------|----------------------------------------|
|                                     |                                   |   |
| Dated:                 May 13, 2008 | By:                          | /s/ Armen                Karapetyan |
|                                     |                                   | Armen                KarapetyanPresident/Director |
|                                     |                                   |   |
| Date:                May 13, 2008        |                                   | /s/Alan                Weisberg |
|                                     |                                   | Alan                Weisberg. |
|                                     |                                   | Principal                Financial Officer |

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