UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q   (Mark One)  SQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the quarterly period ended March 31, 2008. or  £TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from _______________________  to  ___________________________  Commission File Number:  000-52637  R NEW VENTURES, INC. (Exact name of registrant as specified in its charter)  Nevada20-5108971(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)159 South 975 West, Mapleton, Utah84664(Address of principal executive offices)(Zip Code)  (801) 358-5094 (Registrants telephone number, including area code)  _______________________________________________________ (Former name, former address and former fiscal year, if changed since last report)  Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.      S  Yes  £  No  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.  Large accelerated filer £ Accelerated filer £  Non-accelerated filer £  (Do not check if a smaller reporting company) Smaller reporting company S  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  S   Yes  £   No  APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:  Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.  £   Yes   £   No  APPLICABLE ONLY TO CORPORATE ISSUERS:  Indicate the number of shares outstanding of each of the issuers classes of common stock, as of March 31, 2008:  11,700,000     R NEW VENTURES, INC. [A Development Stage Company]  Quarterly Report on Form 10-Q For the Period Ended March 31, 2008   TABLE OF CONTENTS PagePART I.Financial Information3Item 1.Unaudited Condensed Financial Statements3Unaudited Condensed Balance Sheets  March 31, 2008 and
December 31, 20074Unaudited Condensed Statements of Operations for the three
months ended March 31, 2008 and 2007, and from inception
on June 23, 2006 through March 31, 20085Unaudited Condensed Statements of Cash Flows for the three
months ended March 31, 2008 and 2007, and from inception
on June 23, 2006 through March 31, 20086Notes to Unaudited Condensed Financial Statements7Item 2.Managements Discussion and Analysis of Financial
Condition and Results of Operations8Item 3.Quantitative and Qualitative Disclosures About Market Risk.9Item 4T.Controls and procedures9PART II.Other Information9Item 1.

Item 2.

Item 3.

Item 4.

Item 5.

Item 6.Legal Proceedings.

Unregistered Sales of Equity Securities and Use of Proceeds.

Defaults Upon Senior Securities.

Submission of Matters to a Vote of Security Holders.

Other Information.

Exhibits9

9

9

9

9

10Signatures10    2    PART I - FINANCIAL INFORMATION  Item 1. Financial Statements.  Statements made in this Form 10-Q (the "Quarterly Report") that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended (the "Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements often can be identified by the use of terms such as "may", "will", "expect", "believe", "anticipate", "estimate", "approximate", or "continue", or the negative thereof. R New Ventures, Inc. (the "Company") intends that such forward-looking statements be subject to the safe harbors for such statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond the control of the Company that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital and unexpected costs. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.     3   R NEW VENTURES, INC. [A Development Stage Company]  UNAUDITED CONDENSED BALANCE SHEETS  ASSETSMarch 31,December 31,20082007CURRENT ASSETS:Cash$885$1,624Total Current Assets8851,624Total Assets$885$1,624LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)CURRENT LIABILITIES:Accounts payable$2,570$-Stockholder loan1,000-Total Current Liabilities3,570-STOCKHOLDERS' EQUITY (DEFICIT):Preferred stock, $0.001 par value,5,000,000 shares authorized,no shares issued and outstanding--Common stock, $0.001 par value,100,000,000 shares authorized, 11,700,000 and11,700,000 shares issued and outstanding, respectively11,70011,700Capital in excess of par value16-Deficit accumulated during thedevelopment stage(14,401)(10,076)Total Stockholders' Equity (Deficit)(2,685)1,624Total Liabilities and Stockholders Equity (Deficit)$885$1,624  Note: The balance sheet at December 31, 2007 was taken from the audited financial statements at that date and condensed.  The accompanying notes are an integral part of these unaudited condensed financial statements.  4   R NEW VENTURES, INC. [A Development Stage Company]  UNAUDITED CONDENSED STATEMENTS OF OPERATIONS   FromInception onFor the ThreeJune 23, 2006Months EndedthroughMarch 31,March 31,200820072008REVENUE$-$-$-OPERATING EXPENSES:Professional fees4,31925014,005Other general and administrative--698Total Operating Expenses4,31925014,703LOSS BEFORE OTHER INCOME (EXPENSE)(4,319)(250)(14,703)OTHER INCOME (EXPENSE):Interest expense  related party(16)-(16)Interest income1050318Total Other Income (Expense)(6)50302LOSS BEFORE INCOME TAXES(4,325)(200)(14,401)CURRENT INCOME TAX EXPENSE---DEFERRED INCOME TAX EXPENSE---NET LOSS$(4,325)$(200)$(14,401)BASIC AND DILUTEDLOSS PER COMMON SHARE$(0.00)$(0.00)WEIGHTED AVERAGE OUTSTANDING SHARES11,700,00010,140,556  The accompanying notes are an integral part of these unaudited condensed financial statements.  5   R NEW VENTURES, INC. [A Development Stage Company]  UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS  FromInception onFor the ThreeJune 23, 2006Months EndedthroughMarch 31,March 31,200820072008Cash Flows from Operating Activities:Net loss$(4,325)$(200)$(14,401)Adjustments to reconcile net loss to net cashprovided (used) by operating activities:Imputed interest expense1616Changes in assets and liabilities:Decrease (increase) in prepaid expense-(1,500)-Increase (decrease) in accounts payable2,570-2,570Net Cash Provided (Used) by Operating Activities(1,739)(1,700)(11,815)Cash Flows from Investing Activities---Net Cash (Used) by Investing Activities---Cash Flows from Financing Activities:Stockholder loans1,000-1,425Payment of stockholder loans--(425)Proceeds from common stock issuances-1,70011,700Net Cash Provided by Financing Activities1,000-12,700Net Increase (Decrease) in Cash(739)-885Cash at Beginning of Period1,6245,227-Cash at End of Period$885$5,227$885Supplemental Disclosures of Cash Flow Information:Cash paid during the period for:Interest$-$-$-Income taxes$-$-$-  Supplemental Schedule of Noncash Investing and Financing Activities:  For the three months ended March 31, 2008:  None  For the three months ended March 31, 2007:  None  The accompanying notes are an integral part of these unaudited condensed financial statements.  6   R NEW VENTURES, INC. [A Development Stage Company]  NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS  NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Condensed Financial Statements -The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2008 and 2007 and for the periods then ended have been made.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Companys December 31, 2007 audited financial statements.  The results of operations for the periods ended March 31, 2008 and 2007 are not necessarily indicative of the operating results for the full year.  NOTE 2 - GOING CONCERN  The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.  However, the Company has a working capital deficit of $2,685 as of March 31, 2008, has incurred losses since inception, has negative cash flows from operating activities, and has no revenue-generating activities.  These factors raise substantial doubt about the ability of the Company to continue as a going concern.  In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock.  There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations.  The financial statements do not include any adjustments that might result from the outcome of these uncertainties.  NOTE 3  RELATED PARTY TRANSACTIONS  Stockholder Loans  In January 2008, a stockholder of the Company loaned $1,000 to the Company.  The loan is non-interest bearing and due on demand.  The Company is imputing interest at 8% on the loan, which is accounted for as a capital contribution.  Interest expense for the three months ended March 31, 2008 and 2007, respectively, is $16 and $0.  At March 31, 2008, the Company owed the stockholder $1,000.  NOTE 4 - INCOME TAXES  The Company has available at March 31, 2008, net operating loss carryforwards of approximately $14,400 which may be applied against future taxable income and which expire in 2026, 2027 and 2028.  The net deferred tax assets are approximately $2,160 and $1,510 as of March 31, 2008 and December 31, 2007, respectively, with an offsetting valuation allowance of the same amount.  The change in the valuation allowance for the three-month period ended March 31, 2008 is approximately $650.   7   Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations  Throughout  this Quarterly  Report on Form 10-Q, the terms "we," "us," "our" and "Company" refers to R New Ventures, Inc.  Plan of Operation  Since our inception on June 23, 2006, our purpose has been to effect a business combination with an operating business which we believe has significant growth potential. We are currently considered to be a "blank check" company in as much as we have no specific business plans, no operations, revenues or employees. We currently have no definitive agreements with any prospective business combination candidates nor are there any assurances that we will find a suitable business with which to combine. The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of securities in the Company. We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe has significant  growth potential.  While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations.  A common reason for a target company to enter into a merger with a blank check company is the desire to establish a public trading market for its shares. Such a company would hope to avoid the perceived adverse consequences of undertaking a public offering itself, such as the time delays and significant expenses incurred to comply with the various Federal and state securities law that regulate initial public offerings.  As a result of our limited resources, we expect to have sufficient proceeds to effect only a single business combination. Accordingly, the prospects for our success will be entirely dependent upon the future performance of a single business. Unlike certain entities that have the resources to consummate several business combinations or entities operating in multiple industries or multiple segments of a single industry, we will not have the resources to diversify our operations or benefit from the possible spreading of risks or offsetting of losses. A target business may be dependent upon the development or market acceptance of a single or limited number of products, processes or services, in which case there will be an even higher risk that the target business will not prove to be commercially viable.  Our officers are only required to devote a small portion of their time to our affairs on a part-time or as-needed basis. We expect to use outside consultants, advisors, attorneys and accountants as necessary, none of which will be hired on a retainer basis. We do not anticipate hiring any full-time employees so long as we are seeking and evaluating business opportunities.  We expect our present management to play no managerial role in the Company following a business combination. Although we intend to scrutinize closely the management of a prospective target business in connection with our evaluation of a business combination with a target business, our assessment of management may be incorrect. We cannot assure you that we will find a suitable business with which to combine.  Continuing Operating Expenses For the Three Months Ended March 31, 2008 Compared to the Three Months Ended March 31, 2007  We currently do not have any business operations and have no revenues since inception. Net income for the three months ended March 31, 2008 and 2007 was $4,325 and $200, respectively. These expenses primarily consisted of professional and filing fees.  Liquidity and Capital Resources  We do not have any revenues from any operations absent a merger or other combination with an operating company and no assurance can be given that such a merger or other combination will occur or that we can engage in any public or private sales of our equity or debt securities to raise working capital. We are dependent upon future loans from our present stockholders or management and there can be no assurances that our present stockholders or management will make any loans to us or on acceptable terms. At March 31, 2008, we had cash of $885 and a negative working capital position of $2,685.  8   Our present material commitments are professional and administrative fees and expenses associated with the preparation of our filings with the SEC and other regulatory requirements. In the event that we engage in any merger or other combination with an operating company, we will have additional material commitments. Although from time to time, we may be engaged in discussions with operating companies regarding a merger or other combination, no assurances can be made that we will engage in any business merger or other business combination with an operating company within the next twelve months.  Commitments  We do not have any commitments which are required to be disclosed in tabular form as of March 31, 2008.  Item 3. Quantitative and Qualitative Disclosures About Market Risk.  A smaller reporting company is not required to provide the information required by this Item.  Item 4T. Controls And Procedures.  (a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES  The Companys management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended). Management conducted an evaluation of the effectiveness of the Companys internal control over financial reporting based on the criteria set forth in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this evaluation, management has concluded that the Companys internal control over financial reporting was not effective as of March 31, 2008.  (b) CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING  There were no changes in our internal controls over financial reporting that occurred during the period covered by this Quarterly Report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.  PART II  OTHER INFORMATION  Item 1. Legal Proceedings.To the best knowledge of the officers and directors, the Company is not a party to any legal proceeding or litigation.  Item 1A. Risk Factors.As a smaller reporting company as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.None for the three month period ended March 31, 2008.  Item 3. Defaults Upon Senior Securities.None.  Item 4. Submission of Matters to a Vote of Security Holders.None.  Item 5. Other Information.None.  9   Item 6. Exhibits.  ExhibitDescription  *3.1Articles of Incorporation  *3.2By-laws  31Certification of the Companys Principal Executive Officer and 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 period ended March 31, 2008.  32Certification of the Companys Principal Executive Officer and 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-SB12G, as filed with the Securities and Exchange Commission on May 10, 2007, and incorporated herein by this reference.   SIGNATURES  In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. R NEW VENTURES, INC.Dated: May 14, 2008By:/s/ Joseph NemelkaName: Joseph NemelkaTitle: President and Treasurer   10