SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-QSB/A








QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





For the Quarterly period ended
January 31, 2008





Commission File No.0-52898





Mountain
West Business Solutions, Inc.


(Exact
Name of Small Business Issuer as specified in its charter)




Colorado
            20-5566275(State
      or other jurisdiction
            (IRS
      Employer File Number)of
      incorporation)





9844 W
Powers Circle


Littleton,
Colorado80123


(Address of principal executive
offices)(zip
code)





720-404-7882


(Registrant's
telephone number, including area code)





Check
whether the issuer: (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 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. Yes [X] No [ ]





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act) Yes [ X ]  No [].





As
of  January 31, 2008, registrant had
outstanding  ­­­­­9,388,000 shares of the
registrant's common stock. The aggregate market value of the voting stock held
by nonaffiliates computed by reference to the price at which the stock was sold,
or the average bid and asked prices of such stock, as of a specified date within
the past 60 days: approximately $133,000.





Transitional
Small Business Disclosure Format (check one): Yes [ ] No [X]












FORM
10-QSB/A


MOUNTAIN
WEST BUSINESS SOLUTIONS, INC.





TABLE
OF CONTENTS








PagePART
      I FINANCIAL INFORMATIONItem
      1. Financial Statements for the period ended January 31,
      2008
            1Balance Sheet
      (Unaudited)
            2Statements of
      Operations (Unaudited) - 3 Months
            3Statements of
      Operations (Unaudited) - 6 Months
            4Statement of
      Shareholders' Equity (Unaudited)
            5Statements of
      Cash Flows (Unaudited)
            6Item
      2. Management's Discussion and Analysis and Plan of
      Operation
            7Item
      3. Controls and Procedures
            15PART
      II OTHER INFORMATIONItem
      1. Legal Proceedings
            15Item
      2. Changes in Securities
            15Item
      3. Defaults Upon Senior Securities
            15Item
      4. Submission of Matters to a Vote of Security
    Holders
            15Item
      5. Other Information
            15Item
      6. Exhibits and Reports on Form 8-K
            15Signatures
            16







-
i -





PART
I FINANCIAL INFORMATION





References
in this document to "us," "we," or "Company" refer to MOUNTAIN WEST BUSINESS
SOLUTIONS, INC.







ITEM 1.
FINANCIAL STATEMENTS













MOUNTAIN
WEST BUSINESS SOLUTIONS, INC.





CONSOLIDATED
FINANCIAL STATEMENTS


(Unaudited)





Quarter
Ended January 31, 2008








-
ii -




Mountain
West Business Solutions, Inc.


Consolidated
Financial Statements


(Unaudited)








TABLE
OF CONTENTS








PageCONSOLIDATED FINANCIAL
      STATEMENTSUnaudited
      Balance sheet
            1Unaudited
      Statement Of Operations- 3
      months
            2Unaudited
      Statement Of Operations- 6
    months
            3Unaudited
      Statement of Shareholders' Equity
            4Unaudited
      Statement Of Cash Flows
            5Notes
      to Unaudited Financial Statements
            6




-
iii -







Mountain
      West Business Solutions, Inc.Balance
      Sheet(A
      Development Stage Company)Unaudited
              
              
              AuditedJanuary
              
              
              July31, 2008
              
              
              
              31, 2007ASSETSCurrent
      Assets:Cash
      and cash equivalents
              
              $
              4,880
              
              
              $
              14,895Total
      Current Assets
              
              
              4,880
              
              
              
              14,895TOTAL
      ASSETS
              
              $
              4,880
              
              
              $
              14,895LIABILITIES AND
      SHAREHOLDERS' EQUITYCurrent
      Liabilities - Accounts payable
              
              
              2,538
              
              
              
              1,500TOTAL
      LIABILITIES
              
              
              2,538
              
              
              
              1,500SHAREHOLDERS'
      EQUITYPreferred
      stock, $.10 par value per share;Authorized
      1,000,000 Shares; Issuedand
      outstanding -0- shares.
              
              
              -
              
              
              
              -Common
      Stock, $.001 per share;Authorized
      50,000,000 Shares; Issuedand
      outstanding 9,388,000 shares
              
              
              9,388
              
              
              
              9,388Capital
      paid in excess of par value
              
              
              17,129
              
              
              
              17,129(Deficit)
      accumulated during the development stage
              
              
              (24,175
              )
              
              
              (13,122
              )TOTAL
      SHAREHOLDERS' EQUITY
              
              
              2,342
              
              
              
              13,395TOTAL
      LIABILITIES AND SHAREHOLDERS' EQUITY
              
              $
              4,880
              
              
              $
              14,895
  The
accompanying notes are an integral part of the consolidated financial
statements.


-
1 -




Mountain
      West Business Solutions, Inc.Unaudited
      Statement Of Operations(A
      Development Stage Company)3
      MonthsEndedJanuary31, 2008Revenue:
              
              $
              -General
      & Administrative ExpensesAccounting
              
              
              1,500Office
              
              
              765Total
      G & A
              
              
              2,265Net
      (Loss)
              
              $
              (2,265
              )Basic
      (Loss) per common share
              
              $
              (0.00
              )Weighted
      Average Common Shares Outstanding
              
              
              9,388,000




The
accompanying notes are an integral part of the consolidated financial
statements.


-
2 -





Mountain
      West Business Solutions, Inc.Unaudited
      Statement Of Operations(A
      Development Stage Company)6
      MonthsEndedJanuary31, 2008
              
              
              
              August
      31,2006 (inception)through January31,
    2008Revenue:
              
              $
              -
              
              
              $
              -General
      & Administrative ExpensesAccounting
              
              
              4,750
              
              
              
              6,250Advertising
              
              
              2,000
              
              
              
              2,000Consulting
              
              
              1,000
              
              
              
              9,500Office
              
              
              765
              
              
              
              790Printing
              
              
              2,538
              
              
              
              2,538Stock
      transfer
              
              
              -
              
              
              
              3,097Total
      G & A
              
              
              11,053
              
              
              
              24,175Net
      (Loss)
              
              $
              (11,053
              )
              
              $
              (24,175
              )Basic
      (Loss) per common share
              
              $
              (0.00
              )
              
              $
              (0.00
              )Weighted
      Average Common Shares Outstanding
              
              
              9,388,000
              
              
              
              9,388,000




The
accompanying notes are an integral part of the consolidated financial
statements.


-
3 -


Mountain
      West Business Solutions, Inc.(A
      Development Stage Company)Unaudited
      Statement of Shareholders' EquityAugust
      31, 2006 (inception) through October 31, 2007Number
      OfCommonShares Issued
              
              
              CommonStock
              
              
              Capital
      Paidin Excessof Par Value
              
              
              Deficit
      accumulatedDuring thedevelopmentstage
              
              
              TotalBalance
      at August 31, 2006 (Inception)
              
              
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -September
      1, 2006 issued 8,500,000shares
      of par value $.001 common stockfor
      services valued at or $.001 per share
              
              
              8,500,000
              
              
              
              8,500
              
              
              
              -
              
              
              
              
              
              
              
              8,500September
      1, 2006 issued 500,000shares
      of par value $.001 common stockfor
      cash of $500 or $.001 per share
              
              
              500,000
              
              
              
              500
              
              
              
              -
              
              
              
              
              
              
              
              500December
      1, 2006 issued 250,000shares
      of par value $.001 common stockfor
      cash of $10,000 or $.04 per share
              
              
              250,000
              
              
              
              250
              
              
              
              9,750
              
              
              
              
              
              
              
              10,000December
      19, 2006 issued 20,000shares
      of par value $.001 common stockfor
      cash of $2,000 or $.10 per share
              
              
              20,000
              
              
              
              20
              
              
              
              1,980
              
              
              
              
              
              
              
              2,000April
      4, 2007 issued 118,000shares
      of par value $.001 common stockfor
      cash of $29,500 or $.25 per share aspart
      of a private offering
              
              
              118,000
              
              
              
              118
              
              
              
              29,382
              
              
              
              
              
              
              
              29,500Deferred
      offering costs
              
              
              
              
              
              
              
              
              
              
              (23,983
              )
              
              
              
              
              
              
              (23,983
              )Net
      (Loss)
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (13,122
              )
              
              
              (13,122
              )Balance
      at July 31, 2007
              
              
              9,388,000
              
              
              $
              9,388
              
              
              $
              17,129
              
              
              $
              (13,122
              )
              
              $
              13,395Net
      (Loss)
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (11,053
              )
              
              
              (11,053
              )Balance
      at January 31, 2008
              
              
              9,388,000
              
              
              $
              9,388
              
              
              $
              17,129
              
              
              $
              (24,175
              )
              
              $
              2,342




The
accompanying notes are an integral part of the consolidated financial
statements.




-
4 -




Mountain
      West Business Solutions, Inc.Unaudited
      Statement Of Cash Flows(A
      Development Stage Company)6
      MonthsEndedJanuary31, 2008
              
              
              Period
      FromInceptionAugust 31, 2006ThroughJanuary
      31, 2008Cash
      Flows From Operating Activities:Net
      (Loss)
              
              $
              (11,053
              )
              
              $
              (24,175
              )Adjustments
      to reconcile net loss to net cash used inoperating
      activities:Stock
      issued for services
              
              
              -
              
              
              
              8,500Increase
      (decrease) in accounts payable
              
              
              1,038
              
              
              
              2,538Net
      Cash Flows (used) in operations
              
              
              (10,015
              )
              
              
              (13,137
              )Cash
      Flows From Investing Activities:-
              
              
              
              -Net
      Cash Flows (used) in Investing activities
              
              
              -
              
              
              
              -Cash
      Flows From Financing Activities:Issuance
      of common stock
              
              
              -
              
              
              
              42,000Deferred
      offering costs
              
              
              -
              
              
              
              (23,983
              )Net
      Cash Flows provided by financing activities
              
              
              -
              
              
              
              18,017Net
      Increase (Decrease) In Cash and cash equivalents
              
              
              (10,015
              )
              
              
              4,880Cash
      and cash equivalents at beginning of period
              
              
              14,895
              
              
              
              -Cash
      and cash equivalents at end of period
              
              $
              4,880
              
              
              $
              4,880Supplementary
      Disclosure Of Cash Flow Information:Stock
      issued for services
              
              $
              -
              
              
              $
              8,500Cash
      paid for interest
              
              $
              -
              
              
              $
              -Cash
      paid for income taxes
              
              $
              -
              
              
              $
              -




The
accompanying notes are an integral part of the consolidated financial
statements.


-
5 -


Mountain
West Business Solutions, Inc.
 Notes To
Unaudited Financial Statements
 For The
Three Month and Six Month Period Ended January 31, 2008
 
 
 Note 1 - Unaudited Financial
Information
 
 The
unaudited financial information included for the three and six month interim
periods ended January 31, 2008 was taken from the books and records without
audit. However, such information reflects all adjustments (consisting only of
normal recurring adjustments, which in the opinion of management, are necessary
to reflect properly the results of the interim periods presented). The results
of operations for the three and six month periods ended January 31, 2008 are not
necessarily indicative of the results expected for the fiscal year ended July
31, 2008.
 
 Note 2 - Financial
Statements
 
 For a
complete set of footnotes, reference is made to the Company’s Report on Form
10-KSB for the year ended July 31, 2007 as filed with the Securities and
Exchange Commission and the audited financial statements included
therein.
  -
6 -




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





The following discussion of our
financial condition and results of operations should be read in conjunction
with, and is qualified in its entirety by, the consolidated financial statements
and notes thereto included in, Item 1 in this Quarterly Report on Form 10-QSB.
This item contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from those indicated in such
forward-looking statements.





Forward-Looking
Statements





This Quarterly Report on Form 10-QSB
and the documents incorporated herein by reference contain forward-looking. Such
forward-looking statements are based on current expectations, estimates, and
projections about our industry, management beliefs, and certain assumptions made
by our management. Words such as "anticipates", "expects", "intends", "plans",
"believes", "seeks", "estimates", variations of such words, and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties, and assumptions that are difficult to predict; therefore,
actual results may differ materially from those expressed or forecasted in any
such forward-looking statements. Unless required by law, we undertake no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events, or otherwise. However, readers should
carefully review the risk factors set forth herein and in other reports and
documents that we file from time to time with the Securities and Exchange
Commission, particularly the Report on Form 10-KSB and any Current Reports on
Form 8-K.





Risk
Factors





You should carefully consider the risks
and uncertainties described below; and all of the other information included in
this document. Any of the following risks could materially adversely affect our
business, financial condition or operating results and could negatively impact
the value of your investment.





We
are recently formed, have no operating history, and have never been
profitable.





We were
formed as a Colorado business entity in August, 2006. At the present time, we
are a development stage company which is only minimally capitalized, has not
engaged in any substantial business activity, and has no successful operating
history. There can be no guarantee that we will ever be
profitable. From our inception on August 31, 2006 through January 31, 2008,
we generated no revenue. We had a net loss of $24,175 for this
period.





Because
we had incurred operating losses from our inception, our accountants have
expressed doubts about our ability to continue as a going concern.




For the
period ended July 31, 2007, our accountants have expressed doubt about our
ability to continue as a going concern as a result of our continued net losses.
Our ability to achieve and maintain profitability and positive cash flow is
dependent upon:


-
7 -





·
            our ability to begin active
operations;




·
            our ability to locate clients who will purchase our services;
      and




·
            our ability to generate revenues.




Based
upon current plans, we may incur operating losses in future periods because we
may, from time to time, be incurring expenses but not generating sufficient
revenues. We expect approximately $50,000 in operating costs over the next
twelve months. We cannot guarantee that we will be successful in generating
sufficient revenues or other funds in the future to cover these operating costs.
Failure to generate sufficient revenues will cause us to go out of
business.





We
have a lack of liquidity and will need additional financing in the future.
Additional financing may not be available when needed, which could delay our
development or indefinitely postponed.





We are
only minimally capitalized. Because we are only minimally capitalized, we expect
to experience a lack of liquidity for the foreseeable future in our proposed
operations. We will adjust our expenses as necessary to prevent cash flow or
liquidity problems. However, we expect we will need additional financing of some
type, which we do not now possess, to fully develop our operations. We expect to
rely principally upon our ability to raise additional financing, the success of
which cannot be guaranteed. We will look at both equity and debt financing,
including loans from our principal shareholder. However, at the present time, we
have no definitive plans for financing in place, other than the funds which may
be loaned to us by Mr. Milonas, our President. In the event that we need
additional capital, Mr. Milonas has agreed to loan such funds as may be
necessary through December 31, 2008 for working capital purposes. To the extent
that we experience a substantial lack of liquidity, our development in
accordance with our proposed plan may be delayed or indefinitely postponed, our
operations could be impaired, we may never become profitable, fail as an
organization, and our investors could lose some or all of their
investment.





As
a company with no operating history, we are inherently a risky
investment.





We have
no operating history. Because we are a company with no history, the operations
in which we engage in, business consulting, is an extremely risky business. An
investor could lose his entire investment.





Our
operations are subject to our ability to successfully market our services. We
have no substantial history of being able to successfully market our
services.





Our
operations will depend, among other things, upon our ability to develop and to
market our business consulting practice to clients. Further, there is the
possibility that our operations will not generate income sufficient to meet
operating expenses or will generate income, if any, at rates lower than those
anticipated or necessary to sustain the investment. An investor could lose his
entire investment.





There
are factors beyond our control which may adversely affect us.





Our
operations may also be affected by factors which are beyond our control,
principally general market conditions and changing client
preferences.  Any of these problems, or a combination thereof, could
have affect on our viability as an entity. We may never become profitable, fail
as an organization, and our investors could lose some or all of their
investment.





Intense
competition in our market could prevent us from developing revenue and prevent
us from achieving annual profitability. In either situation, we may never become
profitable, fail as an organization, and our investors could lose some or all of
their investment.


-
8 -





We plan
to provide management consulting with regard to accounting, computer and general
business issues for small and home-office based companies. The barriers to entry
are not significant. More importantly, we face strong competitors in all areas
of our business. All aspects of our business are highly competitive. All of our
competitors are larger than us and have greater financial resources than we do.
All of our competitors have substantially greater experience in management
consulting with regard to every area in which we plan to provide service.
Competition with these companies could make it difficult, if not impossible for
us to compete, which could adversely affect our results of operations.
Competition from larger and more established companies is a significant threat
and is expected to remain so for us.




Any
competition may cause us to fail to gain or to lose clients, which could result
in reduced or non-existent revenue. Competitive pressures may impact our
revenues and our growth.




Our
success will be dependent upon our management’s efforts. We cannot sustain
profitability without the efforts of our management.





Our
success will be dependent upon the decision making of our directors and
executive officers. These individuals intend to commit as much time as necessary
to our business, but this commitment is no assurance of success. The loss of any
or all of these individuals, particularly Mr. Milonas, our President, could have
a material, adverse impact on our operations. We have no written employment
agreements with any officers and directors, including Mr. Milonas. We have not
obtained key man life insurance on the lives of any of our officers or
directors.





Our
stock price may be volatile, and you may not be able to resell your shares at or
above the public sale price.





There has
been, and continues to be, a limited public market for our common stock.
Although our common stock is quoted in the Pink Sheets, an active trading market
for our shares has not, and may never develop or be sustained. If you purchase
shares of common stock, you may not be able to resell those shares at or above
the initial price you paid. The market price of our common stock may fluctuate
significantly in response to numerous factors, some of which are beyond our
control, including the following:





*
            actual
      or anticipated fluctuations in our operating results;*
            changes
      in financial estimates by securities analysts or our failure to perform in
      line with such estimates;*
            changes
      in market valuations of other consulting service oriented companies,
      particularly those that market services such as ours;*
            announcements
      by us or our competitors of significant innovations, acquisitions,
      strategic partnerships, joint ventures or capital
    commitments;*
            introduction
      of product enhancements that reduce the need for our
    services;*
            the
      loss of one or more key clients; and*
            departures
      of key personnel.





Of our
total outstanding shares as of January 31, 2008, a total of 9,270,000, Or
approximately 99%, will be restricted from immediate resale but may be sold into
the market in the near future. This could cause the market price of our common
stock to drop significantly, even if our business is doing
well.


-
9 -




As
restrictions on resale end, the market price of our stock could drop
significantly if the holders of restricted shares sell them or are perceived by
the market as intending to sell them.





Because our stock is quoted on the
Pink Sheets, it has a limited public trading market. As a result, it may be difficult or
impossible for you to liquidate your investment.





While our
common stock currently is listed for trading, we have had only a few trades. We
are quoted on the Pink Sheets. We cannot assure that such a market will improve
in the future, even if our securities are listed on the NASD Bulletin Board. The
NASD Bulletin Board requires that we be a reporting company under the Securities
Exchange Act of 1934. However, we cannot guarantee that we will be accepted for
listing on the NASD Bulletin Board. Further, we cannot assure that an investor
will be able to liquidate his investment without considerable delay, if at all.
If a more active market does develop, the price may be highly volatile. Our
limited operating history, lack of profitability, negligible stock liquidity,
potential extreme price and volume fluctuations, and regulatory burdens may have
a significant impact on the market price of the common stock. It is also
possible that the relatively low price of our common stock may keep many
brokerage firms from engaging in transactions in our common stock.





Applicable
SEC rules governing the trading of “Penny Stocks” limit the liquidity of our
common stock, which may affect the trading price of our common
stock.




Our
common stock is currently quoted on the Pink Sheets.  Since our common
stock continues to trade well below $5.00 per share, our common stock is
considered a “penny stock” and is subject to SEC rules and regulations that
impose limitations upon the manner in which our shares can be publicly
traded.  These regulations require the delivery, prior to any
transaction involving a penny stock, of a disclosure schedule explaining the
penny stock and the associated risks.  Under these regulations,
certain brokers who recommend such securities to persons other than established
customers or certain accredited investors must make a special written
suitability determination for the purchaser and receive the written purchaser’s
agreement to a transaction prior to purchase.  These regulations have
the effect of limiting the trading activity of our common stock and reducing the
liquidity of an investment in our common stock




Buying
low-priced penny stocks is very risky and speculative.





The
shares being offered are defined as a penny stock under the Securities and
Exchange Act of 1934, and rules of the Commission. The Exchange Act and such
penny stock rules generally impose additional sales practice and disclosure
requirements on broker-dealers who sell our securities to persons other than
certain accredited investors who are, generally, institutions with assets in
excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or
annual income exceeding $200,000, or $300,000 jointly with spouse, or in
transactions not recommended by the broker-dealer. For transactions covered by
the penny stock rules, a broker-dealer must make a suitability determination for
each purchaser and receive the purchaser's written agreement prior to the sale.
In addition, the broker-dealer must make certain mandated disclosures in penny
stock transactions, including the actual sale or purchase price and actual bid
and offer quotations, the compensation to be received by the broker-dealer and
certain associated persons, and deliver certain disclosures required by the
Commission. Consequently, the penny stock rules may affect the ability of
broker-dealers to make a market in or trade our common stock and may also affect
your ability to resell any shares you may purchase in the public
markets.




-
10 -


Resale
Limitations imposed by most states will limit the ability of our shareholders to
sell their securities unless they are Colorado residents.




The only
state in which we plan to register this offering is Colorado. As a result, our
selling shareholders may be limited in the sale of their Shares. The laws of
most states require either an exemption from prospectus and registration
requirements of the securities laws to sell their shares or registration for
sale by this prospectus. These restrictions will limit the ability of
non-residents of Colorado to sell the securities. Residents of other states must
rely on available exemptions to sell their securities, such as Rule 144, and if
no exemptions can be relied upon, then the selling shareholders may have to hold
the securities for an indefinite period of time. Shareholders of states other
than Colorado should consult independent legal counsel to determine the
availability and use of exemptions to re-sell their securities.




We
do not expect to pay dividends on common stock.





We have
not paid any cash dividends with respect to our common stock, and it is unlikely
that we will pay any dividends on our common stock in the foreseeable future.
Earnings, if any, that we may realize will be retained in the business for
further development and expansion.





Overview and
History





Our
proposed business is to provide management consulting with regard to accounting,
computer and general business issues for small and home-office based companies.
We were incorporated on August 31, 2006. Our original focus will be in the
Denver, Colorado metropolitan area, but we may expand nationwide. At the present
time, we have no active operations and are developing our business plan. We plan
to sell our services to small and medium-sized business clients. At the present
time, we have no plans to raise any additional funds within the next twelve
months. Any working capital will be expected to be generated from internal
operations or from funds which may be loaned to us by Mr. Milonas, our
President. In the event that we need additional capital, Mr. Milonas has agreed
to loan such funds as may be necessary through December 31, 2008 for working
capital purposes. However, we reserve the right to examine possible additional
sources of funds, including, but not limited to, equity or debt offerings,
borrowings, or joint ventures. No market surveys have ever been conducted to
determine demand for our services. Therefore, there can be no assur­ance
that any of our objectives will be achieved.





In April,
2007, we completed a registered offering of our common shares under the
provisions of the Colorado securities laws and under an exemption from the
federal securities laws. We raised a total of $29,500 in this offering and sold
a total of 118,000 shares. We registered these shares under cover of Form SB-2.
The registration statement became effective in November, 2007.





We have
not been subject to any bankruptcy, receivership or similar
proceeding.




Our
address is 9844 W. Powers Circle, Littleton CO, 80123.  Our telephone
number is (720) 404-7882.





Results of
Operations





The following discussion involves our
results of operations for the fiscal quarters ending January 31, 2008 and
January 31, 2007. For the fiscal quarter ended January 31, 2008 we had no
revenues. We also had no revenues for the fiscal quarter ended January 31, 2007.
For the six months ended January 31, 2008 we had no revenues. We also had no
revenues for the six months ended January 31, 2007.


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General and administrative expenses for
the fiscal quarter ended January 31, 2008 was $2,265. General and administrative
expenses for the fiscal quarter ended January 31, 2007 was $-0-. General and
administrative expenses for the six months ended January 31, 2008 was $11,053.
General and administrative expenses for the six months ended January 31, 2007
was $-0-. The major components of these general and administrative expenses were
payments to independent contractors, professional fees, and prepaid expenses.
While our general and administrative expenses will continue to be our largest
expense item, we believe that this expense will stabilize in the coming fiscal
year as we reduce independent contractors, professional fees, and prepaid
expenses.





We had a net loss of $2,265 for the
fiscal quarter ended January 31, 2008, compared to a net loss of $ -0- for the
fiscal quarter ended January 31, 2007. We had a net loss of $11,053 for the six
months ended January 31, 2008, compared to a net loss of $ -0- for the six
months ended January 31, 2007.





We believe that overhead cost in
current operations should remain fairly constant as revenues develop. Each
dollar of revenue will have minimal offsetting overhead cost. If we can develop
sufficient revenues, we could be profitable by the end of fiscal year
2008.





Liquidity and Capital
Resources





As of January 31, 2008, we had cash or
cash equivalents of $4,880.





Net cash used in operating activities
was $10,015 for the six months ended January 31, 2008 compared to $ -0- for the
six months ended January 31, 2007. We anticipate that overhead costs in current
operations will remain fairly constant as we develop revenue.





Cash flows used in investing activities
were $-0- for the six months ended January 31, 2008, compared to $ -0- for the
six months ended January 31, 2007.





Cash flows from financing activities
were $-0-  for the six months ended January 31, 2008, compared to
$-0-  for the six months ended January 31, 2007.





Over the next twelve months our capital
costs will be approximately $10,000 to $12,000 primarily to expand our current
operations. We plan to buy additional equipment to be used in our
operations.





We believe that our recent public
offering will provide sufficient capital in the short term for our current level
of operations, which includes becoming profitable. Additional resources will be
needed to expand into additional locations.





Otherwise, we do not anticipate needing
to raise additional capital resources in the next twelve months.





Until the current operations become
cash flow positive, our officers and directors will fund the operations to
continue the business. At this time we have no other resources on which to get
cash if needed without their assistance.





Our principle source of liquidity is
our operations. Our variation in sales is based upon the level of our catering
event activity and will account for the difference between a profit and a loss.
Also business activity is closely tied to the economy of Denver and the U.S.
economy. A slow down in entertaining activity will have a negative impact to our
business. In any case, we try to operate with minimal overhead. Our primary
activity will be to seek to expand the number of catering events and,
consequently, our sales. If we succeed in expanding our customer base and
generating sufficient sales, we will become profitable. We cannot guarantee that
this will ever occur. Our plan is to build our Company in any manner which will
be successful.


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Plan of
Operation





We are
currently in operation and have been since our inception. We will attempt to
operate for the coming fiscal year at a profit or at break even.





Currently,
we are conducting business in only one location in the Denver Metropolitan area.
We have no plans to expand into other locations or areas. We believe that we can
achieve profitability as we are presently organized with sufficient catering
business.





If we are
not successful in our operations we will be faced with several
options:





1. Cease
operations and go out of business;





2.
Continue to seek alternative and acceptable sources of capital;





3. Bring
in additional capital that may result in a change of control; or





4.
Identify a candidate for acquisition that seeks access to the public marketplace
and its financing sources.





Currently,
we have sufficient capital to implement our proposed business operations or to
sustain them for the next twelve months. If we can become profitable, we could
operate at our present level indefinitely.





To date, we
have never had any discussions with any possible acquisition candidate nor have
we any intention of doing so.





Proposed Milestones to
Implement Business Operations





We plan to
offer small office/home office business owners technical help for their
accounting issues, computers, and general business issues. We plan to offer
three main services: Hourly consulting; retainer contracts for specific skills,
and project consulting.




Hourly. We
expect this to be the less traditional sort of short term assignment helping a
client solve a problem. This form of service would include both emergency and
non-emergency assistance.




Retainer. We
see this as the more traditional form of consulting, including regular business
maintenance, statements, returns and filings. These services would include
traditional management consulting with regard to accounting, computers and
general business.




Project. We
see sees this to include such things as consulting on major purchases, computer
system/network installation and testing, and major disaster recovery for
computers.




We have
begun initially marketing our services but have no definitive arrangements at
the present time. We plan to utilize the expertise and existing business
relationships of our principal officer, Mr. Milonas to develop our
opportunities. We plan to advertise in local newspapers and to use the contacts
of Mr. Milonas to develop our business. All operational decisions will be made
solely by Mr. Milonas.





It should be
noted, however, that we do not have any extensive history of operations. To the
extent that management is unsuccessful in keeping expenses in line with income,
failure to affect the events and goals listed herein would result in a general
failure of the business. This would cause management to consider liquidation or
merger.


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13 -




No commitments to provide additional
funds have been made by management or current shareholders. There is no
assurance that additional funds will be made available to us on terms that will
be acceptable, or at all, if and when needed. We expect to continue to generate
and increase sales, but there can be no assurance we will generate sales
sufficient to continue operations or to expand.





We also are planning to rely on the
possibility of referrals from customers and will strive to satisfy our
customers. We believe that referrals will be an effective form of advertising
because of the quality of service that we bring to customers. We believe that
satisfied customers will bring more and repeat customers.





In the next 12 months, we do not intend
to spend any substantial funds on research and development and do not intend to
purchase any large equipment.





Recently Issued Accounting
Pronouncements





We do not expect the adoption of any
recently issued accounting pronouncements to have a significant impact on our
net results of operations, financial position, or cash flows.





Seasonality





We have found that our sales are
impacted by seasonal demands for our services, with greater sales coming at the
end of the calendar year and around major holidays.





Critical Accounting
Policies





The preparation of consolidated
financial statements in conformity with accounting principles generally accepted
in the United States of America requires us to make a number of estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements. Such estimates and assumptions affect the reported amounts of
revenues and expenses during the reporting period. On an ongoing basis, we
evaluate estimates and assumptions based upon historical experience and various
other factors and circumstances. We believe our estimates and assumptions are
reasonable in the circumstances; however, actual results may differ from these
estimates under different future conditions.





We believe that the estimates and
assumptions that are most important to the portrayal of our financial condition
and results of operations, in that they require subjective or complex judgments,
form the basis for the accounting policies deemed to be most critical to us.
These relate to bad debts, impairment of intangible assets and long lived
assets, contractual adjustments to revenue, and contingencies and litigation. We
believe estimates and assumptions related to these critical accounting policies
are appropriate under the circumstances; however, should future events or
occurrences result in unanticipated consequences, there could be a material
impact on our future financial conditions or results of
operations.


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14 -


ITEM
3. CONTROLS AND PROCEDURES





As of the end of the period covered by
this Quarterly Report on Form 10-QSB, we evaluated the effectiveness of the
design and operation of its disclosure controls and procedures (as defined in
the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)). That
evaluation was performed under the supervision and with the participation of its
management, including our combined Chief Executive Officer and Chief Financial
Officer. Based on that evaluation, our Chief Executive Officer and Chief
Financial Officer concluded that the Company's disclosure controls and
procedures are effective to ensure that information required to be disclosed in
the reports we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified by the SEC rules and
forms, and that such information is accumulated and communicated to our
management, including our certifying officer, to allow timely decisions
regarding the required disclosure. There was no change in internal control over
financial reporting identified in connection with the evaluation required under
paragraph (d) of Rules 13a-15 or 15d-15 during the period covered by this
Quarterly Report of Form 10-QSB 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





There are
no legal proceedings, to which we are a party, which could have a material
adverse effect on our business, financial condition or operating
results.








ITEM
2. CHANGES IN SECURITIES


None








ITEM
3. DEFAULTS UPON SENIOR SECURITIES


None








ITEM
4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


None








ITEM
5. OTHER INFORMATION


Not
Applicable








ITEM
6. EXHIBITS AND REPORTS ON FORM 8-K





Exhibits





3.1*                Articles
of Incorporation


3.2*                Bylaws


31.1                Certification
of CEO/CFO pursuant to Sec. 302


32.1                Certification
of CEO/CFO pursuant to Sec. 906





*
Previously filed with Form SB-2 Registration Statement, October 19,
2007.





(b)
Reports on Form 8-K.





The
Company filed no reports on Form 8-K during the fiscal quarter ended January 31,
2008.




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15 -





SIGNATURES





Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
dully caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.











Mountain
      West Business Solutions, Inc.Date:June 12,
      2008
            By:
            /s/Matthew
      MilonasMatthew Milonas

              Chief
      Executive Officer
              Chief
      Financial Officer





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