UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                        RELIANT HOME WARRANTY CORPORATION

                                   FORM 10-QSB
(Mark One)

[X]  QUARTELY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
     1934

                       For the quarter ended June 30, 2006
                                -----------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

            For the transition period from __________ to ____________

                        Commission files number 000-29827
                                    ---------

                        RELIANT HOME WARRANTY CORPORATION
                                -----------------
        (Exact name of small business issuer as specified in its charter)

         Florida                                           65-0656668
-------------------------------                       -----------------------
(State or other jurisdiction of                          (IRS Employer
incorporation or organization)                          Identification No.)


                            Suite 250, 350 Bay Street
                            Toronto, Ontario M5H 2S6
                      ------------------------------------
                    (Address of principal executive offices)

                                  416 445-9500
                     ---------------------------------------
                           (Issuer's telephone number)

                       APPICABLE ONLY TO CORPORATE ISSUERS

STATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES OF COMMON
EQUITY,  AS  OF  THE  LATEST  PRACTICABLE  DATE:  June  30,  2006  -  86,019,782
                           ---------------------------
<PAGE>

                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----
PART I                                                                        3
Item 1. Financial Statements                                                  3
Item 2. Management's Discussion and Analysis or Plan of Operation            13
Item 3  Controls and Procedures                                              18
PART II                                                                      18
Item 1. Legal Proceedings                                                    19
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds          19
Item 3. Defaults Upon Senior Securities                                      19
Item 4. Submission of Matters to a Vote of Security Holders                  19
Item 5. Other Information                                                    19
Item 6. Exhibits                                                             20



                                      -2-
<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1      Financial Statements




<TABLE>
<CAPTION>

                        Reliant Home Warranty Corporation
                         (Formerly Dialex Minerals Inc.)
                          (A Development Stage Company)
                           Consolidated Balance Sheet

                                                           As at          As at
                                                          June 30      December 31
                                                            2006           2005
                                                        -----------    -----------
                                                        (UNAUDITED)     (AUDITED)

                              Assets
<S>                                                     <C>            <C>
Current assets
     Cash                                               $     4,808    $       --
     Prepaid expenses                                         4,480           --
                                                        -----------    -----------

Total Current Assets                                          9,288           --
                                                        -----------    -----------

     Loan costs (Note 3)                                  5,207,256           --

     Other assets                                             5,375          5,159
                                                        -----------    -----------
Total other assets                                        5,212,631          5,159
                                                        -----------    -----------

                                                        -----------    -----------
Total assets                                            $ 5,221,919    $     5,159
                                                        ===========    ===========

                            Liabilities
Current Liabilities
     Accounts payable                                   $    87,047    $    87,015
     Credit line payable (note 3)                         1,056,768           --

     Due to related parties (Note 4)                        204,079         74,516
                                                        -----------    -----------
Total current liabilities                                 1,347,894        161,531
                                                        -----------    -----------

                                                        -----------    -----------
Total Liabilities                                         1,347,894        161,531
                                                        -----------    -----------

Commitments & contingencies

                  Shareholders' Equity (Deficit)
Common stock (note 3)
     $0.001 par value; 200,000,000 shares authorized
     86,019,782 (2005-78,019,782) issued and
     outstanding                                             86,020         78,020
     Additional Paid-in Capital                           2,150,846        718,846
     Common stock purchase warrants                       4,299,266           --
     Accumulated Deficit during the Development stage    (2,655,757)      (947,207)

     Accumulated Other Comprehensive loss                    (6,350)        (6,031)
                                                        -----------    -----------
Total Shareholders' Equity (Deficit)                      3,874,025       (156,372)
                                                        -----------    -----------

Total Liabilities and shareholders' Equity (Deficit)    $ 5,221,919    $     5,159
                                                        ===========    ===========
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                      -3-
<PAGE>
<TABLE>
<CAPTION>

                        Reliant Home Warranty Corporation
                         (Formerly Dialex Minerals Inc.)
                         (A Development Stage Company)
                      Consolidated Statements of Operations
       Periods ended June 30, 2006 and 2005 and cumulative from the period
            January 21,2004 (date of inception) through June 30, 2006

                                                                                                            Cumulative for
                                                                                                                 the
                                                                                                              Period Jan
                                                                                                                21,2004
                                                                                                               (Date of
                                              Three months ended June 30     Six months ended June 30         Inception)
                                            ------------------------------ ----------------------------     Through June 30
                                                 2006            2005            2006            2005            2006
                                             ------------    ------------    ------------    ------------    ------------
<S>                                          <C>                             <C>                             <C>
Operating Expenses:
     Wages & salaries                        $     16,317    $       --      $     16,317    $       --      $     16,317
     Professional fees                             60,477           3,001          63,076          27,331         103,630
     Consulting fees                                8,276            --         1,461,276          10,598       1,533,340
     General & administrative expenses              9,720          13,870          12,614          17,913          37,203
     Amortization                                 148,778            --           148,778            --           148,778
                                             ------------    ------------    ------------    ------------    ------------
Total Operating Expenses                          243,568          16,871       1,702,061          55,842       1,839,268
                                             ------------    ------------    ------------    ------------    ------------

Loss from operations                             (243,568)        (16,871)     (1,702,061)        (55,842)     (1,839,248)
Interest expense                                   (6,489)           --            (6,489)           --            (6,489)
Discontinued operations                              --              --              --          (810,000)       (810,000)

Loss before Income taxes                         (250,057)        (16,871)     (1,708,550)       (865,842)     (2,655,757)
Provision for income taxes                           --              --              --              --              --
Net Loss                                         (250,057)        (16,871)     (1,708,550)       (865,842)     (2,655,757)

Foreign currency translation adjustment              (349)           --              (319)           --            (6,350)


Total Comprehensive Loss                     $   (250,406)   $    (16,871)     (1,709,869)   $   (865,842)   $ (2,662,109)

Net Loss
     Per common share-Basic                  $      (0.00)   $      (0.00)   $      (0.02)   $      (0.02)

     Per common share Diluted                $      (0.00)   $      (0.00)   $      (0.02)   $      (0.02)

Weighted Average number of shares
     outstanding during the period Basic       80,775,338      78,019,944      83,412,047      43,169,115

     outstanding during the period Diluted     80,775,338      78,019,944      87,803,331      43,169,115
</TABLE>


   The accompanying notes are an integral part of these financial statements.



                                      -4-
<PAGE>

<TABLE>
<CAPTION>

                        Reliant Home Warranty Corporation
                         (Formerly Dialex Minerals Inc.)
                         (A Development Stage Company)
                           Consolidated Statements of
                 Shareholders' Equity (Deficit) For The periods
                    from January 21, 2004 (date of inception)
                              Through June 30, 2006


                                                                                                         Accumulated
                                                                                Common      Accumulated     Deficit      Total
                                                                  Additional     Stock         other         during   shareholders'
                                               Common Stock         Paid-In     purchase    comprehensive development    Equity
                                            Shares     Par Value    Capital     warrants        loss         stage     (deficit)
                                         -----------  ----------- -----------  ------------ -----------  -----------  -----------
<S>                         <C>            <C>        <C>         <C>          <C>          <C>          <C>          <C>
Balance - January 21, 2004
  (date of inception) (Note 3)             2,019,782  $     2,020 $    12,955  $       --   $      --    $      --    $    14,975
                                         ===========  =========== ===========  ============ ===========  ===========  ===========
  Foreign currency translation                  --           --          --            --          (696)        --           (696)
  Net Loss 2004                                 --           --          --            --          --         (8,455)      (8,455)
                                         -----------  ----------- -----------  ------------ -----------  -----------  -----------
Balance  - December 31, 2004               2,019,782        2,020      12,955          --          (696)      (8,455)       5,824
                                         ===========  =========== ===========  ============ ===========  ===========  ===========
  Shares issued for acquisition of
  1604494 Ontario Inc                     76,000,000       76,000     705,891          --          --           --        781,891
  Foreign currency translation                  --           --          --            --        (5,335)        --         (5,335)
  Net Loss 2005                                 --           --          --            --          --       (938,752)    (938,752)
                                         -----------  ----------- -----------  ------------ -----------  -----------  -----------
Balance December 31, 2005                 78,019,782       78,020     718,846                    (6,031)    (947,207)    (156,372)
                                         ===========  =========== ===========  ============ ===========  ===========  ===========
  Shares issued for consulting service     8,000,000        8,000   1,432,000          --          --           --      1,440,000
  Foreign currency translation                  --           --          --            --          (319)        --           (319)
  Issuance warrants to Laurus fund              --           --          --       4,299,266        --           --      4,299,266
  Net loss  for six months 2006                 --           --          --            --          --     (1,708,550)  (1,708,550)
                                         -----------  ----------- -----------  ------------ -----------  -----------  -----------
Balance June 30, 2006                     86,019,782  $    86,020 $ 2,150,846  $  4,299,266 $    (6,350) $(2,655,757) $ 3,874,025
                                         ===========  =========== ===========  ============ ===========  ===========  ===========

</TABLE>

The accompanying notes are an integral part of these financial statements.


                                      -5-
<PAGE>

<TABLE>
<CAPTION>

                        Reliant Home Warranty Corporation
                         (Formerly Dialex Minerals Inc.)
                          (A Development Stage Company)
                       Consolidated Statements Cash Flows
               Periods ended June 30, 2006 and 2005 and cumulative
                    from the period January 21, 2004 (date of
                         inception) through June 30,2006

                                                                         Cumulative from the
                                                                               period Jan
                                                                               21,2004
                                                                         (date of inception)
                                              Six Months ended June 30     through June 30
                                                2006             2005           2006
Cash Flow from Operating Activities
                                              -----------    -----------    -----------
<S>                                           <C>            <C>            <C>
Net Loss                                      $(1,708,550)   $  (865,842)   $(2,662,757)
                                              -----------    -----------    -----------
Adjustments to  reconcile  net loss
to net cash (used in) provided by operating
activities:
     Amortization                                 148,778           --          148,778

     Issuance of shares for consulting fee      1,440,000           --        1,440,000

Discontinued Operations                              --          810,000        810,000
Change in  working capital accounts

Accounts payable & Accrued liabilities                 32         17,906         80,913

     Prepaid expenses                              (4,480)          --           (4,480)

     Other assets                                    (216)          --           (5,375)
                                              -----------    -----------    -----------
Net cash used in operating activities            (124,436)       (37,936)      (192,921)
                                              -----------    -----------    -----------

Cash Flow from Investing Activities                  --             --             --
                                              -----------    -----------    -----------

     Net cash used in investing activities           --             --             --
                                              -----------    -----------    -----------

Cash Flow from Financing Activities:
     Payment of loan costs                     (1,056,768)          --       (1,056,768)

     Proceeds from credit line                  1,056,768           --        1,056,768

     Proceeds from related party debt             129,563         40,703        204,079
                                              -----------    -----------    -----------
                                                  129,563         40,703        204,079
                                              -----------    -----------    -----------

Net Increase in Cash                                5,127          2,767         11,158

     Foreign exchange on cash balances               (319)        (2,767)        (6,350)
                                              -----------    -----------    -----------

                                                    4,808           --            4,808
                                              -----------    -----------    -----------
Cash - beginning period

                                              -----------    -----------    -----------
Cash-end of period                            $     4,808    $      --      $     4,808

Noncash activities

     Stock warrants issued for loan costs     $ 4,299,266           --      $ 4,299,266
Supplemental disclosures:

     Interest paid                            $      --      $      --      $      --

     Income tax paid                          $      --      $      --      $      --
</TABLE>


                                      -6-
<PAGE>

                        Reliant Home Warranty Corporation
                         (Formerly Dialex Minerals Inc.)
                          (A Development Stage Company)
                          Notes to financial statements
                                  June 30, 2006


1.   Organization and Development Stage Activities

     Organization

     Reliant Home  Warranty  Corporation  (Formerly  Dialex  Minerals  Inc) (the
     "Company") was  incorporated  in the State of Florida on December 18, 1995,
     under the trade name of Ronden Vending Corp. On March 24, 2005, the Company
     entered into a stock exchange agreement with BSA Group Limited, in trust as
     trustee for the stockholders of 1604494 Ontario Inc (an Ontario Corporation
     incorporated  on January  21,  2004).  Under this  agreement,  the  Company
     exchanged  76,000,000  common shares for 100% of the issued and outstanding
     stocks of  1604494  Ontario  Inc.  As a result of the stock  exchange,  the
     Company  obtained  control over 1604494 Ontario Inc. Legally the Company is
     the  parent of  1604494  Ontario  Inc.,  however,  as a result of the stock
     exchange,  control of the combined  companies passed to the stockholders of
     1604494  Ontario Inc.,  which for  accounting  purposes is deemed to be the
     acquirer under reverse merger,  as such, the financial  statements  present
     the financial  position as of June 30, 2006,  and 2005,  and the operations
     for the three and six periods  ended June 30, 2006,  and 2005,  and for the
     period from inception  (January 21, 2004) through June 30, 2006, of 1604494
     Ontario  Inc.  under the name of the Company.  The reverse  merger has been
     recorded as a recapitalization  of the Company,  with the net assets of the
     1604494 Ontario Inc. and the Company  brought  forward at their  historical
     basis.  The costs  associated with the reverse merger have been expensed as
     incurred.

     Development Stage Activities

     Upon  completion of the reverse  merger,  the Company changed the nature of
     its  business  and now offers a  proprietary  line of Home  Value  Warranty
     Programs,  designed  for sale to  purchasers  of  residential  real  estate
     (single family homes and condominiums).



                                      -7-
<PAGE>



2.    Summary of Significant Accounting Policies

      a)  Basis of Financial Statement Presentation

          The accompanying unaudited consolidated financial statements have been
          prepared in accordance with accounting  principles  generally accepted
          in the United States of America for interim financial  information and
          with the instructions to Form 10-QSB. Accordingly, they do not include
          all of the information and footnotes required by accounting principles
          generally  accepted  in the  United  States of  America  for  complete
          financial  statements.  In the opinion of management,  all adjustments
          (consisting of normal recurring accruals)  considered  necessary for a
          fair  presentation  have  been  included.   Interim  results  are  not
          necessarily  indicative of the results that may be expected for a full
          year.  These financial  statements  should be read in conjunction with
          the  audited  consolidated  financial  statements  and  notes  thereto
          included in the Company's Annual Report to Stockholders on Form 10-KSB
          for the  fiscal  year  ended  December  31,  2005,  as filed  with the
          Securities and Exchange Commission.

      b)  Unit of Measurement

          The United States currency is being used as the unit of measurement in
          these consolidated financial statements.

      c)  Cash and Cash Equivalents

          Cash and cash  equivalents  consist of cash on hand and cash deposited
          with financial  institutions,  including  money market  accounts,  and
          commercial  paper purchased with an original  maturity of three months
          or less.

      d)  Revenue Recognition

          Revenue for  warranty  contracts  will be deferred and  recognized  in
          income on a straight  line basis over the  contract  period  except in
          those circumstances in which sufficient  historical evidence indicates
          that the cost of performing  services  under the contract are incurred
          on other than a straight line basis. In those  circumstances,  revenue
          will be recognized over the contract period in proportion to the costs
          expected to be incurred in  performing  services  under the  contract.
          Losses are  recognized  on warranty  contracts  if the sum of expected
          costs of providing  services  under the contracts  exceeds the related
          unearned revenue.

      e)  Use of Estimates

          Preparation  of financial  statements  in accordance  with  accounting
          principles generally accepted in the United States of America requires
          management to make estimates and  assumptions  that affect the amounts
          reported in the  financial  statements  and related notes to financial
          statements.  These estimates are based on management's  best knowledge
          of current events and actions the Company may undertake in the future.
          Actual  results  may  ultimately   differ  from  estimates,   although
          management  does not believe such changes will  materially  affect the
          financial statements in any individual year.

      f)  Fair Value of Financial Instruments

          The carrying amounts reported in the accompanying financial statements
          for current  assets and current  liabilities  approximate  fair values
          because of the  immediate or  short-term  maturities  of the financial
          instruments.

                                      -8-
<PAGE>

      g)  Earnings per Share

          Basic  earnings  per share  ("EPS") is computed  by dividing  earnings
          available to common  shareholders  by the weighted  average  number of
          common shares  outstanding for the period as required by SFAS No. 128,
          "Earnings per Shares".  Diluted EPS reflects the potential dilution of
          securities  that could  share in the  earnings.  Potentially  dilutive
          securities for the three and six months ended June 30, 2006 consist of
          the 36,128,286 shares of common stock under Warrant (see note 3) There
          were no diluted securities for the period prior 2006.

      h)  Equity Compensation

          The Company  enters into  transactions  in which goods or services are
          the consideration received for the issuance of equity instruments.  In
          accordance   with  SFAS  No.  123(R)   "Accounting   for   Stock-Based
          Compensation",  the  value  of these  transactions  are  measured  and
          accounted for, based on the fair value of the equity instrument issued
          or the value of the services,  whichever is more reliably  measurable.
          The services are expensed in the periods during which the services are
          rendered.

      i)  Foreign Currency Translation

          The Company accounts for foreign currency translation pursuant to SFAS
          No. 52,  "Foreign  Currency  Translation".  The  Company's  functional
          currency  is the  Canadian  dollar.  All  assets and  liabilities  are
          translated  into  United  States  dollars  using  the  exchange  rates
          prevailing  at  the  end  of  the  year.  Revenues  and  expenses  are
          translated using the average exchange rates prevailing  throughout the
          year.  Unrealized foreign exchange amounts resulting from translations
          at  different   rates  according  to  their  nature  are  included  in
          accumulated  other  comprehensive  income.  Realized  foreign currency
          transaction gains and losses are recognized in operations.

      j)  Comprehensive Income or Loss

          Comprehensive  income is presented in the statements of  stockholders'
          equity,  and  consists  of net loss and  unrealized  gains  (loss)  on
          available for sale marketable securities; foreign currency translation
          adjustments  and  changes  in market  value of future  contracts  that
          qualify as a hedge;  and negative  equity  adjustments  recognized  in
          accordance  with SFAS No. 87. SFAS No. 130  requires  only  additional
          disclosures  in the  financial  statements  and  does not  affect  the
          Company's  financial  position  or  results of  operations.

      k)  Recent Accounting Pronouncements

          In July 2006,  the Financial  Accounting  Standards  Board issued FASB
          Interpretation  (FIN) No 48  "Accounting  for  Uncertainty  in  Income
          Taxes"  - An  Interpretation  of  SFAS No 109.  FIN 48  clarifies  the
          accounting for uncertainty in income taxes  recognized in enterprise`s
          financial  statements in accordance  with SFAS No 109  "Accounting for
          Income  Taxes.  FIN 48 also  prescribes a  recognition  threshold  and
          measurement  attribute for the financial  statements  recognition  and
          measurement  of tax  position  taken  or  expected  to be taken in tax
          return.    FIN   48   also   provides   guidance   on   derecognition,
          classification, interest and penalties, accounting in interim periods,
          disclosure  and  transition.  The provision of FIN 48 is effective for
          fiscal year beginning after December 15, 2006. We will adopt FIN 48 in


                                      -9-
<PAGE>

          the first  quarter of 2007.  We do not  believe the effect of adopting
          FIN 48 will have material impact on our financial statements.

          Recently,  the  FASB  has  been  very  active,  issuing  a  number  of
          accounting   pronouncement   with  various   effective  dates.   These
          pronouncements, which were not discussed above, do not have a material
          effect on our financial statements.

       l) Loan Costs

          Loan costs represent costs incurred to secure the Company's  revolving
          credit line. The costs are being  amortized over the 36 months term of
          credit line on straight line basis.

       m) Reclassifications

          Where  necessary,  prior  period  amounts  have been  reclassified  to
          conform to current period presentation.  None of the reclassifications
          had an  effect  on net  loss or  shareholders'  equity  as  previously
          reported.


3.    Stockholders' Equity & Revolving Note Agreement

          On February  2, 2005,  the  Company  undertook a reverse  split of its
          outstanding  common  shares on the basis of one new share for twenty -
          two old shares,  thereby  reducing its outstanding  common shares from
          44,438,768  to  2,019,782  prior to the  acquisition  of a  subsidiary
          company.   The  reverse  split  has  retroactively   been  taken  into
          consideration  in the  consolidated  financial  statements  and in the
          calculation of earnings per share.

          March 24, 2005,  pursuant to stock exchange  agreement,  the BSA Group
          Limited in trust for the shareholders of the Company, acquired control
          of 1604494 Ontario Inc. by acquiring from treasury  76,000,000  shares
          of the Company in exchange for all the issued and  outstanding  shares
          of 1604494 Ontario Inc.

          On March 1, 2006,  the board of  directors  approved  the  issuance of
          8,000,000 of its common shares, in consideration of consulting service
          to Harvey E. Moss and Leslie N. Moss.


          On June 8, 2006,  the Company  entered  into a Security  and  Purchase
          Agreement  with Laurus Master Fund Ltd.  ("Laurus")  pursuant to which
          the Company issued to Laurus a Secured Revolving Note in the aggregate
          principal  amount of  $25,000,000  and a  warrant  to  purchase  up to
          36,128,286  shares of the Company's  common stock, par value $.001 per
          share, at a price of $.001 per share (the "Warrant").

                                      -10-
<PAGE>

          As the Company did not have a sufficient  number of authorized  but un
          issued  shares of its Common stock to issue upon the full  exercise of
          the Warrant,  it sought and obtained  shareholder and State of Florida
          approval to a  Certificate  of Amendment  to increase  its  authorized
          number  of  shares  of Common  Stock  from 100  million  shares to 200
          million shares. It now has a sufficient number of authorized shares of
          Common  Stock to issue upon  exercise  of the  Warrant in full and for
          other general corporate purposes which may arise.


          The Company has agreed to use the  proceeds of the Note solely for the
          purposes of funding  certain  mortgage loans to its customers,  except
          for $900,000 that the Company has paid to Laurus  Capital  Management,
          LLC, the investment  advisor to Laurus,  and $156,768 that the Company
          has paid to Laurus Capital  Management,  LLC and certain third parties
          as  reimbursement  for their due diligence and legal fees and expenses
          incurred  in  connection  with the  transaction.  These  costs,  which
          totaled $1,056,768, and which were paid from draws on the credit line,
          have been capitalized as loan costs. The outstanding  principal amount
          of the Note  which  totaled  $1,056,768  at June 30,  2006  carries an
          interest  rate of prime plus 2%,  subject to a minimum rate of 8%. The
          principal  amount of the Note is payable on the maturity  date of June
          8, 2009,  and interest is payable  monthly  beginning on July 8, 2006.
          The Company  may, at its option,  prepay the Note by paying the holder
          the  principal  amount,  all  accrued  and  unpaid  interest  thereon,
          together  with  a  prepayment  premium  ranging  from  3% to 5% of the
          outstanding principal amount, depending on the date of the prepayment.
          The Note is secured by  substantially  all assets of the  Company.  In
          addition the  76,000,000  shares of Common stock issued by the Company
          with its 2005  reverse  merger have been  pledged as security  for the
          Note.

          The Company used the Black-Scholes option valuation model to calculate
          the "fair value" of the Warrant and the corresponding capitalized loan
          costs. The assumptions  used in the calculation are:  expected term of
          90 days,  volatility of 219.8%, and interest rate of 4.47 and yield of
          zero. The expected term is based on the requirements of the Security &
          Purchase Agreement. The expected volatility is based on the historical
          volatility  of the  Company's  common  stock  over a one  year  period
          preceding the transaction.  The dividend yield of zero is based on the
          fact  that the  Company  has  never  paid  cash  dividends  and has no
          intention  to pay cash  dividends.  The  risk  free  interest  rate is
          derived from average US treasure rates.

          The following table summaries the capitalized loan costs:

           Fees paid to Laurus Capital Management, LLC               $  915,000
           Fees paid to other third parties (primarily legal fees)      141,768
           Value of Warrant issued to Laurus                          4,299,266
                                                                    -----------
                                                                    $ 5,356,034
           Accumulated amortization                                    (148,778)
                                                                    -----------
                                                                    $ 5,207,256
4.       Due to Related Parties

           Due to  related  parties  represents  advances  to the  Company  by a
           stockholder/officer of the Company to fund the working capital of the
           Company.  The  advances  are  non-interest  bearing and have no fixed
           terms for repayment.

                                      -11-
<PAGE>

5.       Going Concern

           The   accompanying   financial   statements  have  been  prepared  in
           accordance  with  accounting  principles  generally  accepted  in the
           United States of America with the assumption that the Company will be
           able to realize  its  assets and  discharge  its  liabilities  in the
           normal course of business.

           As of  June  30,  2006  the  Company  has  sustained  net  losses  of
           $2,665,757  since inception  including  $1,708,550 for the six months
           ended  June  30,  2006,  which  raise  substantial  doubt  about  the
           Company's  ability to  continue  as a going  concern.  The Company is
           dependant on successfully bringing its services to market,  achieving
           future profitable  operations,  and obtaining  additional  sources of
           financing to sustain its  operations,  the outcome of which cannot be
           predicted  at  this  time.  Although  the  Company  plans  to  pursue
           additional financing, there can be no assurance that the Company will
           be able to secure  financing  when  needed  or  obtain  such on terms
           satisfactory to the Company.

           The accompanying  financial statements do not include any adjustments
           to reflect the  possible  future  effects on the  recoverability  and
           classification  of  assets  or  the  amounts  and  classification  of
           liabilities  that may  result  from  the  possible  inability  of the
           Company to continue as a going concern.


                                      -12-
<PAGE>


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

As used in this Form 10-QSB,  references  to the  "Company,"  the  "Registrant,"
"we,"  "our" or "us" refer to Reliant  Home  Warranty  Corp.  unless the context
otherwise indicates.

GENERAL

The  following  discussion  is  intended  to provide an  analysis  of  Reliant's
financial  condition and should be read in conjunction  with  Reliant's  audited
financial  statements and the related  footnotes.  The matters discussed in this
section  that is not  historical  or current  facts deal with  potential  future
circumstances and developments. Such forward-looking statements include, but are
not limited to, the development  plans for the Company's  growth,  trends in the
results of the Company's development,  anticipated  development plans, operating
expenses  and  the  Company's   anticipated  capital  requirements  and  capital
resources. The Company's actual results could differ materially from the results
discussed in the forward-looking statements.

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This report includes "forward-looking  statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. For example, statements included in this report regarding our financial
position,   business   strategy  and  other  plans  and  objectives  for  future
operations, and assumptions and predictions about future product demand, supply,
manufacturing,  costs,  marketing  and pricing  factors are all  forward-looking
statements.  When Reliant  uses words like  "intend,"  "anticipate,"  "believe,"
"estimate,"  "plan" or "expect," Reliant is making  forward-looking  statements.
Reliant  believes  that  the  assumptions  and  expectations  reflected  in such
forward-looking  statements are  reasonable,  based on information  available to
Reliant on the date hereof, but Reliant cannot assure you that these assumptions
and expectations will prove to have been correct or that we will take any action
that we may  presently  be planning.  Reliant has  disclosed  certain  important
factors that could cause  Reliant's  actual  results to differ  materially  from
Reliant's current  expectations  elsewhere in this report. You should understand
that forward-looking statements made in this report are necessarily qualified by
these  factors.  Reliant is not  undertaking  to  publicly  update or revise any
forward-looking  statement  if  Reliant  obtains  new  information  or upon  the
occurrence of future events or otherwise.

COMPANY HISTORY

Reliant Home Warranty  Corporation ("the Company") was incorporated in the State
of Florida on December 18, 1995 as Ronden Vending Corp.

On December 24, 1996, the Company  incorporated a wholly owned subsidiary called
Ronden Acquisition,  Inc., a Florida corporation.  Ronden Acquisition,  Inc then
merged with Video Home  Shopping,  Inc., (a Tennessee  corporation),  and Ronden
Acquisition,  Inc. was the  surviving  Florida  Corporation.  Subsequent  to the
merger the Company suspended the network  marketing and distribution  operations
of Video Home Shopping, Inc. of Tennessee.

                                      -13-
<PAGE>

On  January  9,  1997,  articles  of merger  were  filed for the  Company as the
surviving  corporation  of a merger  between the  Company  and its wholly  owned
subsidiary Ronden  Acquisition,  Inc. This step completed the forward triangular
merger  between Video Home  Shopping,  Inc.,  Ronden  Acquisition,  Inc. and the
Company.

On January 9, 1997,  articles of amendment  were filed to change the name of the
Company  from Ronden  Vending Corp to VHS  Network,  Inc. On April 9, 1997,  the
Company incorporated VHS Acquisition, Inc. as a wholly owned subsidiary.

In April  1997,  the  Company  was  restructured  by way of a reverse  take-over
involving its wholly owned subsidiary, VHS Acquisition, Inc., a Florida company,
and VHS Network,  Inc., a Manitoba and Canadian controlled Private  Corporation.
On April 12, 2000,  the Company  acquired all the  outstanding  common shares of
China eMall  Corporation,  an Ontario private  company.  This represented a 100%
voting  interest  in China  eMall  Corporation.  The  Company  functioned  as an
e-commerce  company.  On September 5, 2003 the Company  divested its interest in
China eMall by selling all the  outstanding  common  shares of China eMall for a
nominal amount ($2.00)

On May 6, 2001, the Company entered into an agreement and plan of reorganization
(the  "Agreement")  with Branson  Holdings,  Inc  ("Branson") to acquire all the
issued and outstanding  shares of Branson.  On July 26, 2001 VHSN terminated its
agreement with Branson.

On December 1, 2001, the Company  acquired all the outstanding  common shares of
TrueNet  Enterprise Inc., an Ontario private company.  On September 22, 2003 the
Company  changed its name to Dialex  Minerals Inc. and completed a reverse split
of its  issued and  outstanding  common  shares on the basis of ten (10)  common
shares for one (1) new common share.

On February 9, 2004,  the Company  completed  a  transaction  acquiring  all the
outstanding shares of Condor Diamond Corp. an Ontario private company.

On February 2, 2005,  pursuant to a Stock Exchange  Agreement and a registration
statement  filed on Form 14-3 with the Securities and Exchange  Commission,  the
Company  changed its name from Dialex  Minerals  Inc. to Reliant  Home  Warranty
Corporation.  The Company  undertook a reverse split of its  outstanding  common
shares on the basis of one (1) new share for twenty-two  (22) old shares thereby
reducing its outstanding common shares from 44,438,786 to 2,019,945.

On March 16, 2005 Sandro  Sordi in Trust  acquired  control of the  Company,  by
acquiring a majority of its issued and outstanding  shares through the execution
of a share purchase agreement with Condor Gold Corp and RTO Zarex Ltd.

Effective  March  23,  2005 and  prior to the  approval  of the  Stock  Exchange
Agreement,  the former directors of the Corporation,  Alexander Stewart, Wallace
Stonehouse,  Kirk  Boyd,  Stephen  Stewart  and Neil  Novak,  resigned  upon the


                                      -14-
<PAGE>

appointment of new directors,  Kevin Hamilton,  Valeri Guilis, Boyd Soussana and
the Honorable  John Roberts.  On March 24, 2005,  pursuant to the Stock Exchange
Agreement,  The BSA Group  Limited  ("BSA"),  in trust for the  shareholders  of
1604494  Ontario  Inc.,  an Ontario  private  company,  acquired  control of the
Company by acquiring from treasury  76,000,000 shares of the Company in exchange
for all of the issued and  outstanding  shares of 1604494 Ontario Inc. The total
amount of issued and outstanding  shares in the Company as a result increased to
78,019,782.

Coincident with the establishment of its home warranty insurance  business,  the
Company divested all of issued and outstanding  shares, of Condor Diamond Corp.,
the Company's wholly-owned subsidiary, to Condor Gold Corp., in consideration of
the return of any and all liabilities  owing by the Company to Condor Gold Corp.
During 2005 the Company  changed the nature of its  business  and now markets to
Canadian  homeowners a proprietary  line of non-prime  home  mortgage  programs,
designed to compliment to mortgages of  residential  real estate  (single family
homes and condominiums).

On April 21, 2005, the Company entered into a Letter of Intent with Creditorlife
Inc respecting the comprehensive  marketing of the Company's proprietary line of
products.

On May 19, 2005,  the Company  announced to the public,  the media and the trade
the full extent of its new range of its products.

On May 21, 2005, the Company entered into a comprehensive  Letter of Intent with
Brit Insurance respecting the full reinsurance by Brit of the Company's range of
products.

On June 20, 2005, the Company entered into a comprehensive Letter of Intent with
Dundee Securities respecting Dundee's acting as the Company's fiscal advisor.

On August 26,  2005,  the board of  Directors  of the  Corporation  accepted the
resignation  of its President and Chairman  Kevin  Hamilton and appointed one of
its existing directors, Boyd Soussana, as its new Chairman and President.

On January 1, 2006,  the board of  Directors  of the  Corporation  accepted  the
resignation of its Treasurer and Director, Val Guilis, and appointed Paul Burden
as its Treasurer and Director.

On March 1, 2006 the Company issued  8,000,000 of its common shares to Harvey E.
Moss and Leslie N. Moss in consideration of consulting services rendered by them
to the Company. The 8,000,000  "unrestricted" common shares were issued pursuant
to an S-8  Filing  that the  Company  filed  with the  Securities  and  Exchange
Commission.

On June 8, 2006, the Company entered into a Security and Purchase Agreement (the
"Security  and  Purchase  Agreement")  with Laurus  Master Fund Ltd.  ("Laurus")
pursuant to which the  Company  issued to Laurus a Secured  Revolving  Note (the
"Note") in the  aggregate  principal  amount of $25.0  million  and a warrant to
purchase up to 36,128,286  shares of the Company's common stock, par value $.001
per share ( the "Common Stock"), at a price of $.001 per share (the "Warrant").

                                      -15-
<PAGE>

The Company has agreed to use the  proceeds of the Note solely for the  purposes
of funding certain mortgage loans to its customers, except for $900,000 that the
Company has paid to Laurus Capital  Management,  LLC, the investment  advisor to
Laurus,  and approximately  $156,000 that the Company has paid to Laurus Capital
Management,  LLC and  certain  third  parties  as  reimbursement  for  their due
diligence  and  legal  fees  and  expenses   incurred  in  connection  with  the
transaction.

The  principal  amount of the Note  carries an  interest  rate of prime plus 2%,
subject to a minimum rate of 8%. The principal  amount of the Note is payable on
the maturity date of June 8, 2009, and interest is payable monthly  beginning on
July 8, 2006.  The Company  may,  at its  option,  prepay the Note by paying the
holder the principal amount,  all accrued and unpaid interest thereon,  together
with a prepayment  premium  ranging from 3% to 5% of the  outstanding  principal
amount,  depending on the date of the prepayment.  The Note is secured by all of
the Company's assets and the stock of one of the Company's subsidiaries, Reliant
Home Mortgage Canada Inc.

As the Company  did not have a  sufficient  number of  authorized  but  unissued
shares of its Common stock to issue upon the full  exercise of the  Warrant,  it
sought and obtained  shareholder and State of Florida  approval to a Certificate
of Amendment to increase  its  authorized  number of shares of Common Stock from
100 million  shares to 200 million  shares.  It now has a  sufficient  number of
authorized  shares of Common Stock to issue upon exercise of the Warrant in full
and for other general corporate purposes which may arise.

On June 8, 2006, the Company entered into a Registration  Rights  Agreement with
Laurus (the  "Registration  Rights  Agreement").  Pursuant to this Agreement the
Company is presently preparing and will soon file a registration  statement with
the Securities and Exchange Commission for the purpose of registering for resale
all of the shares of the  Company's  common stock  issuable upon exercise of the
Warrant.


RESULTS OF OPERATIONS

Results of six months ended June 30, 2006
Revenue for the 6 months  ended June 30, 2006 was $0. The Company  continued  to
develop its proprietary  residential mortgage and residential mortgage insurance
programs, which it launched during the second quarter of this fiscal year and as
such has not generated any revenues.  Operating expenses increased to $1,702,061
for the six month period ended June 30, 2006. This increase was due primarily to
one time consulting and capital raising expenses.

PLAN OF OPERATIONS

The  Company  has changed the nature of its  business  and now is  preparing  to
operate a fully integrated mortgage and mortgage insurance enterprise.

                                      -16-
<PAGE>

The Company  used the 6 month  period  ending June 30, 2006 to further  develop,
refine and launch its' proprietary  residential  mortgage and mortgage insurance
enterprise  throughout  Canada.  This intensive effort together with an array of
one time legal accounting, investment advisory and development costs resulted in
a net loss $1,708,550 during the first 6 months of 2006.

CHANGES IN SECURITIES

On  September 5, 2003,  the Company  announced  that it would  conduct a reverse
split of its issued and outstanding  shares on the basis of 10 common shares for
one new common  share.  The Company at that date had  37,345,268  common  shares
issued and  outstanding,  after the reverse  split there were  3,734,526  common
shares  issued  and  outstanding.  On  February  9,  2004,  the  Company  issued
34,000,000  common  shares  for  the  acquisition  of  100%  of the  issued  and
outstanding common shares of Condor Diamond Corp.

On March 3, 2004,  the Company  authorized  the issuance of 6,004,426 S-8 shares
pursuant to debt settlement agreements totaling $428,875.

On February 2, 2005, Company undertook a reverse split of its outstanding common
shares on the basis of one (1) new share for twenty-two (22) old shares reducing
its outstanding common shares from 44,438,786 to 2,019,782.

On March 24, 2005,  Corporation issued 76,000,000 shares in consideration of the
acquisition  of 100% of the  issued  and  outstanding  common  shares of 1604494
Ontario Inc., an Ontario private company.  This transaction occurred pursuant to
a Stock Exchange  Agreement (the "Stock  Exchange  Agreement"),  whereby The BSA
Group Limited ("BSA"), in trust for the shareholders of 1604494 Ontario Limited,
acquired control of the Company by acquiring from treasury  76,000,000 shares of
the  Corporation  in exchange  for all of the issued and  outstanding  shares of
1604494 Ontario Inc. As a result, the three shareholders of 1604494 Ontario Inc.
had  acquired  and then owned  ninety-seven  point four  percent  (97.4%) of the
issued and outstanding common shares of the Company.

Namely, Kevin Hamilton acquired beneficial ownership of 20,085,667 common shares
in the capital of the Company,  through a corporation,  Galaxy Galaria Inc. that
he controls.  This represents 25.7 % of the issued and outstanding common shares
of the Company. These common shares of the Company were issued to Kevin Hamilton
(Galaxy  Galleria  Inc.) pursuant to the Stock  Exchange  Agreement,  namely one
common  share of the  Company  was issued  for each one common  share of 1604494
Ontario Inc. acquired.

RS Atlantic  Holdings Inc. a private  company  acquired  ownership of 18,921,220
common  shares in the capital of the  Company,  which  represents  24.2 % of the
issued and outstanding  consolidated common shares of the Company.  These common
shares of the Company  were issued to RS Atlantic  Holdings  Inc pursuant to the
Stock Exchange Agreement,  namely one common share of the Company was issued for
each one common share of 1604494 Ontario Inc acquired.

                                      -17-
<PAGE>

HS Holdings  Inc. a private  company  acquired  ownership of  18,753,113  common
shares in the capital of the Company,  which represents 24.0 % of the issued and
outstanding  consolidated  common shares of the Company.  These common shares of
the  Company  were  issued to HS Holdings  Inc  pursuant  to the Stock  Exchange
Agreement,  namely one common  share of the Company for each one common share of
1604494 Ontario Inc. acquired. The total amount of issued and outstanding shares
in the Company thereby increased to 78,019,782.

On March 1, 2006, the Company issued 8,000,000 of its common shares to Harvey E.
Moss and Leslie N. Moss in consideration of consulting services rendered by them
to the Company. The 8,000,000  "unrestricted" common shares were issued pursuant
to an S-8  Filing  that the  Company  filed  with the  Securities  and  Exchange
Commission.

On June 8, 2006, the Company entered into a Security and Purchase Agreement (the
"Security  and  Purchase  Agreement")  with Laurus  Master Fund Ltd.  ("Laurus")
pursuant to which the  Company  issued to Laurus a Secured  Revolving  Note (the
"Note") in the  aggregate  principal  amount of $25.0  million  and a warrant to
purchase up to 36,128,286  shares of the Company's common stock, par value $.001
per share ( the "Common Stock"), at a price of $.001 per share (the "Warrant").

As the Company  did not have a  sufficient  number of  authorized  but  unissued
shares of its Common stock to issue upon the full  exercise of the  Warrant,  it
sought and obtained  shareholder and State of Florida  approval to a Certificate
of Amendment to increase  its  authorized  number of shares of Common Stock from
100 million  shares to 200 million  shares.  It now has a  sufficient  number of
authorized  shares of Common Stock to issue shares upon  exercise of the Warrant
in full and for other general corporate purposes which may arise.

On June 8, 2006, the Company entered into a Registration  Rights  Agreement with
Laurus (the  "Registration  Rights  Agreement").  Pursuant to this Agreement the
Company is presently preparing and will soon file a registration  statement with
the Securities and Exchange Commission for the purpose of registering for resale
all of the shares of the  Company's  common stock  issuable upon exercise of the
Warrant.

GOING  CONCERN

The  nature  of the  Company's  financial  status  makes  the  Company  lack the
characteristics  of a going  concern.  This is because the  company,  due to its
financial  condition,  may have to seek loans or the sale of its  securities  to
raise cash to meet its cash needs. Reliant is in the process of developing,  and
exploiting its proprietary financial systems and "know how". The Company has not
yet  generated  either  revenue or profit  from its  operations.  Its  continued
existence and its ability to continue as a going concern are dependent  upon its
ability to obtain additional capital to fund its operations

GOALS AND OBJECTIVES

The Company is engaged in marketing  throughout  Canada a series of  proprietary
non-prime   residential  mortgage  products  and  related  residential  mortgage
insurance services.

CASH REQUIREMENTS

The  Company  intends to meet its cash  requirements  through a  combination  of
operational cash flow as well as sales of its securities.

ITEM 3   CONTROLS & PROCEEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

(a) As of the  end of the  period  covered  by  this  report,  we  conducted  an
evaluation,  under  the  supervision  and with the  participation  of our  Chief
Executive Officer and Chief Financial  Officer;  of our disclosure  controls and
procedures  (as defined in Rule  13a-15(e)  and Rule  15d-15(e)  of the Exchange
Act).  Based  upon  this  evaluation,  our  Chief  Executive  Officer  and Chief
Financial  Officer  concluded  that our  disclosure  controls and procedures are
effective  to ensure  that  information  required to be  disclosed  by us in the
reports that we file or submit  under the  Exchange Act is recorded,  processed,
summarized and reported,  within the time periods  specified in the Commission's
rules and forms.

(b) There have been no significant  changes  (including  corrective actions with
regard to  significant  deficiencies  or material  weaknesses)  in our  internal
controls or in other  factors that could  significantly  affect  these  controls
subsequent to the date of evaluation referenced in paragraph (a) above.

CHANGES IN INTERNAL CONTROLS
There have been no changes in the  Company's  internal  control  over  financial
reporting  during the last  quarterly  period  covered by this  report that have
materially  affected,  or  are  reasonably  likely  to  materially  affect,  the
Company's internal control over financial reporting.

PART II                OTHER INFORMATION

ITEM 1      LEGAL PROCEEDING

From time to time,  Reliant  may be  involved as a  plaintiff  or  defendant  in
various legal actions arising in the normal course of business. Reliant does not
anticipate any material liability as a result of such litigation. Reliant is not
aware of any material legal  proceedings that have occurred within the past five


                                      -18-
<PAGE>

years  concerning  any  director,  director  nominee,  or control  person  which
involved a criminal  conviction,  a pending  criminal  proceeding,  a pending or
concluded administrative or civil proceeding limiting one's participation in the
securities or banking industries,  or a finding of securities or commodities law
violations.

ITEM 2            UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
None

ITEM 3            DEFAULTS UPON SENIOR SECURITIES
None

ITEM 4            SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There was no matter  submitted to a vote of security  holders  during the fiscal
quarter ended June 30, 2006.

ITEM 5            OTHER INFORMATION.

CHANGES IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND  FINANCIAL
DISCLOSURE

On June 29,  2006,  the  Company  filed a  current  report  on form 8-K with the
Commission disclosing changes in certifying accountant.

POST PERIOD EVENT
None

ITEM 6             EXHIBITS & REPORTS ON FORM 8-K

Exhibit No.         Description
-----------         -----------

31.1           Rule  13a-14(a)/15d14(a)  Certifications  of Principal  Executive
               Officer

31.2           Rule 13a-14(a)/15d14(a) Certifications of Principal Financial and
               Accounting Officer

32.1           Section 1350 Certifications of Principal Executive Officer

32.2           Section 1350 Certifications of Principal Financial and Accounting
               Officer

Reports on Form 8-K


                                      -19-
<PAGE>


On June 13,  2006,  the  Company  filed a  Current  Report  on Form 8-K with the
Commission  disclosing the Material  Definitive  Security and Purchase Agreement
with Laurus Master Fund, Ltd.

On June 29,  2006,  the  Company  filed a  current  report  on form 8-K with the
Commission disclosing changes in certifying accountant.



SIGNATURES
--------------------------------------------------------------------------------
In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                           RELIANT HOME WARRANTY CORPORATION

Date Aug 14, 2006          /s/ Boyd Soussana
                           ---------------------------------
                           (Signature) Boyd Soussana
                           Chief Executive Officer

Date Aug 14, 2006          /s/ Paul Burden
                           ---------------------------------
                           (Signature) Paul Burden
                           Chief Financial Officer


                                      -20-
<PAGE>