| (Mark      One) |
|-----------------|
|            |   |
| x               | QUARTERLY      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 FOR      THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2008 |
|            |   |
| o               | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT FOR      THE TRANSITION PERIOD FROM __________ TO __________ COMMISSION      FILE NUMBER ________________ |

| Nevada(State      or other jurisdiction of incorporation or organization) | 88-0476779(I.R.S.      Employer Identification No.) |
|---------------------------------------------------------------------------|-----------------------------------------------------|

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

----

|                                                                                                             |   | Page   |   |
|------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| PART      I - FINANCIAL INFORMATION                                                                              |   |
|                                                                                                             |   |   |   |
| Item      1.       Financial Statements                                                 |   |   | F-1    |   |
| Item      2.       Management’s Discussion and Analysis or      Plan of Operation |   |   | F-9    |   |
| Item      3.       Quantitative and Qualitative Disclosures      About Market Risk      |   |   | F-10   |   |
| Item      4.        Controls and      Procedures                         |   |   | F-10   |   |
|                                                                                                             |   |   |   |   |
| PART      II - OTHER INFORMATION                                                                                 |
|                                                                                                             |   |   |   |   |
| Item      1.       Legal Proceedings                                                    |   |   |   |   |
| Item      2.       Unregistered Sales of Equity Securities      and Use of Proceeds     |   |   |   |   |
| Item      3.       Defaults Upon Senior      Securities                                 |   |   |   |   |
| Item      4.       Submission of Matters to a Vote of      Security Holders             |   |   |   |   |
| Item      5.       Other Information                                                    |   |   |   |   |
| Item      6.       Exhibits                                                             |   |   |   |   |
|  SIGNATURES                                                                                                 |   |   |   |   |

----

| ASSETS                                                                               |   |               |       |   |              |   |
|--------------------------------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                                                 |   | September      30, |       |   | December      31, |   |
|                                                                                 |   | 2008               |       |   | 2007              |   |
|                                                                                 |   | (unaudited)        |       |   |              |   |
| Current      Assets                                                                  |   |               |       |   |              |   |
| Cash                                                                                 |   | $                  | 164        |   |              | $      | 2,191 |   |
| Receivable                                                                           |   |               | 2,161      |   |              |   | 5,323 |   |
| Prepaid      Expense                                                                 |   |               | 11,556     |   |              |   | 5,056 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|     Total      Current Assets                                    |   |               | 13,881     |   |              |   | 12,570 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Fixed      Assets                                                                    |   |               |       |   |              |   |   |   |
| Furniture,      Fixture & Equipment (Net)                                        |   |               | 13,210     |   |              |   | 15,910 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Other  Assets                                                              |   |               |       |   |              |   |   |   |
| Deposit                                                                              |   |               | 9,127      |   |              |   | 9,127 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| TOTAL      ASSETS                                                                    |   | $                  | 36,218     |   |              | $      | 37,607 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| LIABILITIES AND      STOCKHOLDERS' (DEFICIT)                                         |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Current      Liabilities                                                             |   |               |       |   |              |   |   |   |
| Accounts      Payable                                                                |   | $                  | 223,945    |   |              | $      | 136,843 |   |
| Accrued      Interest                                                                |   |               | 62,556     |   |              |   | 38,774 |   |
| Accrued      Expenses                                                                |   |               | 211,255    |   |              |   | 51,376 |   |
| Stock      Deposits                                                                  |   |               | 56,000     |   |              |   | - |   |
| Note      Payable- Related Party                                                     |   |               | 303,510    |   |              |   | 277,060 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
|     Total      Current Liabilities                               |   |               | 857,266    |   |              |   | 504,053 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Total      Liabilities                                                               |   |               | 857,266    |   |              |   | 504,053 |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Commitments                                                                          |   |               | -          |   |              |   | - |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Stockholders'      (Deficit)                                                         |   |               |       |   |              |   |   |   |
|                                                                                 |   |               |       |   |              |   |   |   |
| Common      stock – September 30, 2008: 300,000,000 Shares Authorized          |   |               |       |   |              |   |   |   |
|     at      $0.001 Par Value; 30,167,000 Issued and Outstanding; |   |               | 30,167     |   |              |   | 30,167 |   |
| Additional      Paid-In-Capital                                                      |   |               | 6,068,239  |   |              |   | 6,068,239 |   |
| Deficit      accumulated during the Development Stage                                |   |               | (6,919,454 | )      |              |   | (6,564,852 | ) |
|                                                                                 |   |               |       |   |              |   |   |   |
| Total      Stockholders' (Deficit)                                                   |   |               | (821,048   | )      |              |   | (466,446 | ) |
|                                                                                 |   |               |       |   |              |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' (DEFICIT)                                   |   | $                  | 36,218     |   |              | $      | 37,607 |   |
|                                                                                 |   |               |       |   |              |   |   |   |

----

|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |
|--------------------------------------------------|--------|-------------------------|------------|--------|------------------------|--------|------------|--------------------------|--------|--------|------------|--------|--------|-----------------------|------------|
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   | Accumulated      from |       |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   | July      12, 2005    |       |
|                                             |   | Three      Months Ended |       |   | Nine      Months Ended |   |       | (inception)      through |   |
|                                             |   | September      30,      |       |   | September      30,     |   |       | September      30,       |   |
|                                             |   | 2008                    |       |   | 2007                   |   |       | 2008                     |   |   | 2007       |   |   | 2008                  |       |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |
| Revenues,      Net                               |   | $                       | -          |   |                   | $      | -          |                     |   | $      | -          |   |   | $                     | -          |   |   | $ | - |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Operating      Expenses                          |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Salaries                                         |   |                    | 82,130     |   |                   |   | 12,704     |                     |   |   | 177,146    |   |   |                  | 36,585     |   |   |   | 361,679 |   |
| Compensation      Cost                           |   |                    | -          |   |                   |   | -          |                     |   |   | -          |   |   |                  | 90,059     |   |   |   | 5,632,306 |   |
| Professional      Fees                           |   |                    | 45,628     |   |                   |   | 19,349     |                     |   |   | 93,934     |   |   |                  | 79,251     |   |   |   | 410,476 |   |
| General      & Administrative                |   |                    | 33,491     |   |                   |   | 20,474     |                     |   |   | 105,264    |   |   |                  | 49,590     |   |   |   | 504,549 |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Total      Operating Expenses                    |   |                    | 161,249    |   |                   |   | 52,527     |                     |   |   | 376,344    |   |   |                  | 255,485    |   |   |   | 6,909,010 |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Loss      From Operations                        |   |                    | (161,249   | )      |                   |   | (52,527    | )                        |   |   | (376,344   | )      |   |                  | (255,485   | ) |   |   | (6,909,010 | ) |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Other      Income (Expense)                      |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Other      Income                                |   |                    | 14,444     |   |                   |   |       |                     |   |   | 46,838     |   |   |                  |       |   |   |   | 60,689 |   |
| Interest      Expense                            |   |                    | (8,575     | )      |                   |   | (6,043     | )                        |   |   | (25,097    | )      |   |                  | (20,441    | ) |   |   | (71,133 | ) |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Total      Other Income (Expense)                |   |                    | 5,870      |   |                   |   | (6,034     | )                        |   |   | 21,742     |   |   |                  | (20,441    | ) |   |   | (10,444 | ) |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Loss      Before Income Taxes                    |   |                    | (155,379   | )      |                   |   | (58,570    | )                        |   |   | (354,602   | )      |   |                  | (275,926   | ) |   |   | (6,919,454 | ) |
| Income      Tax Expense                          |   |                    | -          |   |                   |   | -          |                     |   |   |       |   |   |                  | -          |   |   |   |   |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Net      Loss                                    |   | $                       | (155,379   | )      |                   | $      | (58,570    | )                        |   | $      | (354,602   | )      |   | $                     | (275,926   | ) |   | $ | (6,919,454 | ) |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Basic      and fully diluted earnings per share: |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |
| Loss      per share                              |   | $                       | (0.01      | )      |                   | $      | (0.00      | )                        |   | $      | (0.01      | )      |   | $                     | (0.01      | ) |   |   |   |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |
| Weighted      average shares outstanding         |   |                    | 30,167,000 |   |                   |   | 30,167,000 |                     |   |   | 30,167,000 |   |   |                  | 30,095,574 |   |   |   |   |   |
|                                             |   |                    |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |

----

|                                    |   |                  |       |   |           | Common      Stock |   |       |   |   |      | Accumulated          |   |   | TotalStockholders' |      |
|-----------------------------------------|--------|-----------------------|------------|--------|----------------|-------------------|--------|------------|--------|--------|-----------|----------------------|--------|--------|--------------------|-----------|
|                                    |   |                  |       |   |           | Shares            |   |       | Amount |   |      | Paid      in Capital |   |   | Deficit            |      |   | Equity |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |
| Balance,      July 12, 2005             |   |                  | -          |   |           | $                 | -      |       |   | $      | -         |                 |   | $      | -                  |      |   | $ | - |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |
| Shares      issued for Founders         |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.01       |   | per      share |              |   | 21,563,483 |   |   |      | 21,564               |   |   |               | (13,064   | ) |   |   |   |   |   |   | 8,500 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued for cash             |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.79       |   | per      share |              |   | 253,688    |   |   |      | 254                  |   |   |               | 199,746   |   |   |   |   |   |   |   | 200,000 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Loss      for the period ended          |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
|                                    |   | December      31,2005 |       |   |           |              |   |       |   |   |      |                 |   |   |               |      | (182,947 | ) |   |   | (182,947 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Balance      December 31, 2005          |   |                  | 21,817,171 |   |           |              | 21,818 |       |   |   | 186,682   |                 |   |   | (182,947           | )         |   |   | 25,553 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued for cash             |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.79       |   | per      share |              |   | 88,791     |   |   |      | 88                   |   |   |               | 69,912    |   |   |   |   |   |   |   | 70,000 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued for services         |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.71       |   | per      share |              |   | 7,805,981  |   |   |      | 7,806                |   |   |               | 5,534,441 |   |   |   |   |   |   |   | 5,542,247 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Loss      for the year ended            |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
|                                    |   | December      31,2006 |       |   |           |              |   |       |   |   |      |                 |   |   |               |      | (5,979,396 | ) |   |   | (5,979,396 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Balance      December 31, 2006          |   |                  | 29,711,943 |   |           |              | 29,712 |       |   |   | 5,791,035 |                 |   |   | (6,162,343         | )         |   |   | (341,596 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued for cash             |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.79       |   | per      share |              |   | 152,213    |   |   |      | 152                  |   |   |               | 119,848   |   |   |   |   |   |   |   | 120,000 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued for services         |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.71       |   | per      share |              |   | 126,844    |   |   |      | 127                  |   |   |               | 89,932    |   |   |   |   |   |   |   | 90,059 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued pursuant to          |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| a      Private Placement for cash       |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.10       |   | per      share |              |   | 76,000     |   |   |      | 76                   |   |   |               | 7,524     |   |   |   |   |   |   |   | 7,600 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Contributed      Capital                |   |                  |       | -      |           |              |   | -          |   |   |      | 10,000               |   |   |               |      |   |   |   | 10,000 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Shares      issued for cash             |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| @                                       |   | $                     | 0.50       |   | per      share |              |   | 100,000    |   |   |      | 100                  |   |   |               | 49,900    |   |   |   |   |   |   |   | 50,000 |   |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Loss      for the year ended            |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| December      31, 2007                  |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   | (402,509           | )         |   |   | (402,509 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Balance      December 31, 2007          |   |                  | 30,167,000 |   |           | $                 | 30,167 |       |   | $      | 6,068,239 |                 |   | $      | (6,564,852         | )         |   | $ | (466,446 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Loss      for Nine Months ended         |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |
| September      30, 2008                 |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   | (354,602           | )         |   |   | (354,602 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |
| Balance      Sept. 30, 2008 (unaudited) |   |                  | 30,167,000 |   |           | $                 | 30,167 |       |   | $      | 6,068,239 |                 |   | $      | (6,919,454         | )         |   | $ | (821,048 | ) |
|                                    |   |                  |       |   |           |              |   |       |   |   |      |                 |   |   |               |      |   |   |   |   |   |   |   |   |   |

----

|                                                  |                                            |   |                   |    |   |                     |     |    | Accumulated      from |   |
|-------------------------------------------------------|-------------------------------------------------|--------|------------------------|---------|--------|--------------------------|----------|---------|-----------------------|--------|
|                                                  |                                            |   |                   |    |   |                     |     |    | July      12, 2005    |   |
|                                                  |                                            |   | Nine      Months Ended |    |   | (inception)      through |     |
|                                                  |                                            |   | September      30,     |    |   | September      30,       |     |
|                                                  |                                            |   | 2008                   |    |   | 2007                     |     |    | 2008                  |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |
| Cash      Flows from Operating Activities:            |                                            |   |                   |    |   |                     |     |    |                  |
| Net      (Loss)                                       |                                            | $      | (354,602               | )       |   | $                        | (275,926 | )       |                  | $      | (6,919,454 | ) |
|                                                  | Common      stock issued for services           |   |                   | -       |   |                     |     | 90,059  |                  |   |   | 5,640,806 |   |
|                                                  | Depreciation      & Amortization            |   |                   | 2,700   |   |                     |     | 2,724   |                  |   |   | 9,727 |   |
| Changes      in Operating Assets and Liabilities:     |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |
|                                                  | (Increase)      Decrease in Accounts Receivable |   |                   | 3,162   |   |                     |     | -       |                  |   |   | (2,161 | ) |
|                                                  | (Increase)      Decrease in Prepaid Expense     |   |                   | (6,500  | )      |                     |     | (9,506  | )                     |   |   | (11,556 | ) |
|                                                  | Increase      (Decrease) in Accounts Payable    |   |                   | 87,102  |   |                     |     | (14,325 | )                     |   |   | 223,945 |   |
|                                                  | Increase      (Decrease) in Accrued Interest    |   |                   | 23,782  |   |                     |     | 18,185  |                  |   |   | 62,556 |   |
|                                                  | Increase      (Decrease) in Accrued Liabilities |   |                   | 159,879 |   |                     |     | 9,000   |                  |   |   | 211,255 |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Net      Cash (Used) by Operating Activities          |                                            |   | (84,477                | )       |   |                     | (179,789 | )       |                  |   | (784,882 | ) |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Cash      Flows from Investing Activities:            |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |
| Deposits                                              |                                            |   | -                      |    |   |                     | -        |    |                  |   | (9,127 | ) |
| Purchase      of Property and Equipment               |                                            |   | -                      |    |   |                     | -        |    |                  |   | (22,937 | ) |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Net      Cash (Used) by Investing Activities          |                                            |   | -                      |    |   |                     | -        |    |                  |   | (32,064 | ) |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Cash      Flows from Financing Activities:            |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |
| Proceeds      from Stock Deposits                     |                                            |   | 56,000                 |    |   |                     |     |    |                  |   | 56,000 |   |
| Proceeds      from Stock Issuances                    |                                            |   | -                      |    |   |                     | 187,600  |    |                  |   | 447,600 |   |
| Capital      Contributed                              |                                            |   | -                      |    |   |                     | -        |    |                  |   | 10,000 |   |
| Proceeds      from Notes Payable - Related Party      |                                            |   | 26,450                 |    |   |                     | 33,850   |    |                  |   | 346,703 |   |
| Repayment      of Notes Payable - Related Party       |                                            |   | -                      |    |   |                     | (35,893  | )       |                  |   | (43,193 | ) |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Net      Cash Provided by Financing Activities        |                                            |   | 82,450                 |    |   |                     | 185,557  |    |                  |   | 817,110 |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Increase      (Decrease) in Cash                      |                                            |   | (2,027                 | )       |   |                     | 5,768    |    |                  |   | 164 |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Cash      and Cash Equivalents at Beginning of Period |                                            |   | 2,191                  |    |   |                     | 225      |    |                  |   | - |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Cash      and Cash Equivalents at End of Period       |                                            | $      | 164                    |    |   | $                        | 5,993    |    |                  | $      | 164 |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Cash      Paid for:                                   |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |
| Interest                                              |                                            | $      | -                      |    |   |                     |     |    |                  | $      | 6,813 |   |
| Income      Taxes                                     |                                            | $      | -                      |    |   | $                        | -        |    |                  | $      | - |   |
|                                                  |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |   |
| Non      cash Financing Activities:                   |                                            |   |                   |    |   |                     |     |    |                  |   |   |   |
| Common      Stock issued for services                 |                                            | $      | -                      |    |   | $                        | 90,059   |    |                  | $      | 5,640,806 |   |
| Common      Stock deposit                             |                                            | $      | 56,000                 |    |   |                     |     |    |                  | $      | 56,000 |   |

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|                         |   | September 30,2008 |        |   | September 30,2007 |   |
|------------------------------|--------|-------------------|-------------|--------|-------------------|--------|
| Net      loss                |   |              | (354,602    | )      |              | $      | (275,926 | ) |
|                         |   |              |        |   |              |   |   |   |
| Weighted      average shares |   |              | 30,167,0000 |   |              |   | 30,095,574 |   |
| Loss      per share          |   | $                 | (.01        | )      |              | $      | (.01 | ) |

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TimeShareLoans.com, Inc. was incorporated on July 12, 2005 toprovide financing for consumers wishing to purchase and/or refinance vacationownership intervals in the secondary, or resale market, or elsewhere. TimeshareHoldings Inc. was incorporated in Nevada on January 30, 2007 with the intent ofmerging with TimeShareLoans.com, Inc.

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PART II

Not applicable.

  

Item5.   OtherInformation.

Exhibits.

| 2.1    | Agreement      and Plan of Reorganization between Timeshare Holdings Inc. and      TimeShareLoans.com, dated March 9, 2007 (Incorporated by reference to Form      SB-2 (File No. 333-145409), filed with the Securities and Exchange      Commission on August 13, 2007) |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                      |
| 3.1    | Articles      of Incorporation (Incorporated by reference to Form SB-2 (File No.      333-145409), filed with the Securities and Exchange Commission on August      13, 2007)                                                                                             |
|   |                                                                                                                                                                                                                                                                      |
| 3.2    | By-laws      (Incorporated by reference to Form SB-2 (File No. 333-145409), filed with      the Securities and Exchange Commission on August 13,  2007)                                                                                                                   |
|   |                                                                                                                                                                                                                                                                      |
| 10.1   | Service      Agreement entered into with LEA Management Group, date December 6, 2006      (Incorporated by reference to Form SB-2 (File No. 333-145409), filed with      the Securities and Exchange Commission on August 13,  2007)                                      |
|   |                                                                                                                                                                                                                                                                      |
| 10.2   | Service      Agreement entered into with National Mortgage Lending Inc., dated February      1, 2006 (Incorporated by reference to Form SB-2 (File No. 333-145409),      filed with the Securities and Exchange Commission on August 13,      2007)                       |
|   |                                                                                                                                                                                                                                                                      |
| 10.4   | Subscription      Agreements (Incorporated by reference to Form SB-2 (File No. 333-145409),      filed with the Securities and Exchange Commission on August 13,      2007)                                                                                               |
|   |                                                                                                                                                                                                                                                                      |
| 10.5   | Escrow      Agreement to be filed by amendment                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                      |
| 10.6   | Waiver      Agreement, dated July 20, 2007 (Incorporated by reference to Form SB-2      (File No. 333-145409), filed with the Securities and Exchange Commission      on August 13, 2007)                                                                                 |
|   |                                                                                                                                                                                                                                                                      |
| 21.1   | List      of Subsidiaries of the Company (Incorporated by reference to Form SB-2      (File No. 333-145409), filed with the Securities and Exchange Commission      on August 13, 2007)                                                                                   |
|   |                                                                                                                                                                                                                                                                      |
| 31.1   | Certification      by Chief Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a)      of the Exchange Act.                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                      |
| 31.2   | Certification      by Chief Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a)      of the Exchange Act.                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                      |
| 32.1   | Certification      by Chief Executive Officer, required by Rule 13a-14(b) or Rule 15d-14(b)      of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the      United States Code.                                                                           |
|   |                                                                                                                                                                                                                                                                      |
| 32.2   | Certification      by Chief Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b)      of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the      United States Code.                                                                           |

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|                   | TIMESHARE      HOLDINGS, INC. |                         |
|------------------------|-------------------------------|------------------------------|
|                   |                          |                         |   |
| November      14, 2008 | By:                           | /s/ Paul      Thompson  |   |
|                   |                          | Paul      Thompson           |   |
|                   |                          | Chief      Executive Officer |   |

|                   |   |                                                  |
|------------------------|--------|-------------------------------------------------------|
|                   |   |                                                  |   |
| November      14, 2008 | By:    | /s/ Frederick      Conte                         |   |
|                   |   | Frederick      Conte                                  |   |
|                   |   | Chief      Financial Officer, Chief AccountingOfficer |   |
|                   |   |                                                  |   |