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

                                   FORM 10-QSB
(Mark One)

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

                       For the quarter ended June 30, 2007
                                            -----------------

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

            For the transition period from __________ to ____________

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

                      RELIANT FINANCIAL SERVICE 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.)

                           80 Carlouren Drive Suite 23
                           Woodbridge, Ontario L4L 7Z5
                      ------------------------------------
                    (Address of principal executive offices)

                                  905-264-0168
                     ---------------------------------------
                           (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: Aug 19, 2007-110,099,002
                           ---------------------------
<PAGE>

                                TABLE OF CONTENTS


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



                                      -2-
<PAGE>




                         PART I - FINANCIAL INFORMATION

Item 1      Financial Statements

                        Reliant Home Warranty Corporation
                          (A Development Stage Company)
                           Consolidated Balance Sheet


                                                                   June 30, 2007
                                                                   -------------


                                     Assets

Current assets
      Cash                                                         $     51,739
      Prepaid expenses and other current assets                         112,305
                                                                   ------------
Total current assets                                                    164,044
                                                                   ------------

      Mortgages receivable                                            1,040,864
      Loan costs                                                         75,230
      Other assets                                                        5,642
                                                                   ------------
Total other assets                                                    1,121,736

                                                                   ------------
Total assets                                                       $  1,285,780
                                                                   ============

                                   Liabilities

Current liabilities
      Accounts payable and accrued liabilities                     $    141,960
      Mortgages payable                                                 958,397
      Prepaid sales and deposits                                        101,831
      Loan payable to related party                                   1,019,447
      Due to related parties                                            389,958
                                                                   ------------
Total current liabilities                                             2,611,593

Commitments & contingencies

                         Shareholders' Equity (Deficit)

Common stock (note 3)
      $0.001 par value; 200,000,000 shares authorized,                  110,099
      110,099,002 shares issued and outstanding
      Additional paid-in capital                                      6,644,389
      Common stock purchase warrant                                   4,299,266
      Accumulated deficit during the development stage              (12,484,628)
      Accumulated other comprehensive loss                              105,061
                                                                   ------------
Total shareholders' (deficit)                                        (1,325,813)
                                                                   ------------

Total liabilities and shareholders' equity                         $  1,285,780
                                                                   ============

   The accompanying notes are an integral part of these financial statements


                                      -3-
<PAGE>
<PAGE>


<TABLE>
<CAPTION>

                                               Reliant Home Warranty Corporation
                                                 (A Development Stage Company)
                                   Consolidated Statements of Shareholders' Equity (Deficit)
                        For the periods from January 21, 2004 (date of inception) through June 30, 2007

                                                                                                        Accumulated
                                                                                 Common   Accumulated     Deficit        Total
                                                                   Additional    Stock       Other         During     Shareholders'
                                              Common Stock          Paid-In     Purchase  Comprehensive  Development      Equity
                                           Shares     Par Value     Capital     Warrants  Income (Loss)    Stage        (Deficit)
                                        ------------ ------------ ------------ ---------- ------------  ------------  ------------
<S>                                     <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
    Issuance warrants to Lauras fund       4,299,266         --           --                                             4,299,266
    Shares issued to Laurus                2,167,987        2,168    1,056,102       --           --            --       1,058,270
    Shares issued to Laurus                   22,957           23       11,183       --           --            --          11,206
    Shares issued to various customers       638,276          638       65,008       --           --            --          65,646
    Foreign currency translation                --           --           --         --          8,447          --           8,447
    Net loss  for                               2006         --           --         --           --      (7,729,609)   (7,729,609)
                                        ------------ ------------ ------------ ---------- ------------  ------------  ------------
Balance Dec 31, 2006                      88,849,002       88,849    3,283,139  4,299,266        2,416    (8,676,816)   (1,003,146)
                                        ============ ============ ============ ========== ============  ============  ============
    Shares issued for consulting service  19,000,000       19,000    3,081,000       --           --            --       3,100,000
    Shares issued for consulting service     250,000          250       42,250       --           --            --          42,500
    Shares issued for consulting service   2,000,000        2,000      238,000       --           --            --         240,000
    Foreign currency translation                --           --           --         --        102,645          --         102,645
    Net loss  for six months 2007               --           --           --         --           --      (3,807,812)   (3,807,812)
                                        ------------ ------------ ------------ ---------- ------------  ------------  ------------
Balance June 30, 2007                    110,099,002 $    110,099 $  6,644,389 $4,299,266 $    105,061  $(12,484,628) $ (1,325,813)
                                        ============ ============ ============ ========== ============  ============  ============


                          The accompanying notes are an integral part of these financial statements
</TABLE>

                                                                -4-
<PAGE>


<TABLE>
<CAPTION>
                        Reliant Home Warranty Corporation
                          (A Development Stage Company)
                      Consolidated Statements of Operations
       Periods ended June 20, 2007 and 2006 and cumulative from the period
           January 21, 2004 (date of inception) through June 30, 2007

                                                                                                              Cumulative from
                                                 Three months ended June 30,      Six months ended June 30,   Inception through
                                                    2007             2006           2007             2006       June 30, 2007
                                                ------------    ------------    ------------    ------------    ------------
Revenue                                                 --              --              --              --              --
                                                ------------    ------------    ------------    ------------    ------------

Operating Expenses:
<S>                                                   <C>             <C>            <C>              <C>            <C>
      Wages & salaries                                81,138          16,317         177,810          16,317         431,615
      Professional fees                               23,086          60,477          48,368          63,076         301,409
      Consulting fees                              1,562,928           8,276       3,451,436       1,461,276       5,139,306
      General & administrative expenses                7,448           9,720          29,612          12,614         221,417
      Amortization                                    17,948         148,778          17,948         148,778       5,373,982
                                                ------------    ------------    ------------    ------------    ------------
Total Operating Expenses                           1,692,548         243,568       3,725,174       1,702,061      11,467,729
                                                ------------    ------------    ------------    ------------    ------------

Loss from Operations                              (1,692,548)       (243,568)     (3,725,174)     (1,702,061)    (11,467,729)
      Interest expenses                              (41,906)         (6,489)        (82,638)         (6,489)       (206,899)
      Discontinued operations                           --              --              --              --          (810,000)
                                                ------------    ------------    ------------    ------------    ------------

Loss before Income Taxes                          (1,734,454)       (250,057)     (3,807,812)     (1,708,550)    (12,484,628)
Provision for income taxes                              --              --              --              --              --
                                                ------------    ------------    ------------    ------------    ------------

Net Loss                                          (1,734,454)       (250,057)     (3,807,812)     (1,708,550)    (12,484,628)

Foreign currency translation adjustment               65,362             349         102,645            (319)        105,061
                                                ------------    ------------    ------------    ------------    ------------

Total Comprehensive Loss                          (1,669,092)       (249,708)     (3,705,267)     (1,708,869)    (12,379,567)
                                                ============    ============    ============    ============    ============

Net Loss
      Per common share-Basic                           (0.02)          (0.00)          (0.04)          (0.02)

      Per common share diluted                         (0.02)          (0.00)          (0.04)          (0.02)

Weighted average number of shares
      outstanding during the period - Basic      103,096,789      80,775,338     100,694,379      83,412,047

      outstanding during the period - Diluted    139,225,075      80,775,338     136,822,665      87,803,331

                          The accompanying notes are an integral part of these financial statements
</TABLE>

                                                          -5-
<PAGE>

<TABLE>
<CAPTION>

                                           Reliant Home Warranty Corporation
                                             (A Development Stage Company)
                                          Consolidated Statements Cash Flows
                                  Periods Ended June 30, 2007 and 2006 and Cumulative
                      from the period January 21, 2004 (date of inception) through June 30, 2007

                                                                                                            Cumulative
                                                                                                              from
                                                                                                            Inception
                                                                              Six months ended June 30,      through
                                                                                2007           2006       June 30, 2007
                                                                           ------------    ------------    ------------
<S>                                                                        <C>             <C>             <C>
Cash Flows from Operating Activities:
Net Loss                                                                   $ (3,807,812)   $ (1,708,550)   $(12,484,628)
Adjustments to reconcile net loss to net cash
      used by operating activities:
      Warrants issued to Laurus                                                    --              --         4,299,266
      Shares issued for consulting fees                                       3,382,500       1,440,000       4,822,500
      Amortization of loan costs                                                 17,948         148,778          17,948
      Discontinued operations 810,000 Change in working capital accounts:
      Accounts payable & accrued liabilities                                    (57,174)             32         141,960
      Prepaid expenses                                                          (31,771)         (4,480)       (112,305)
      Other assets                                                                 (493)           (216)         (5,642)
      Prepaid sales and deposits                                                101,831            --           101,831
                                                                           ------------    ------------    ------------
Net cash used in operating activities                                          (394,971)       (124,436)     (2,409,070)
                                                                           ------------    ------------    ------------

Cash Flow from Investing Activities
      Mortgage receivable loans                                                (583,727)           --        (1,040,864)
                                                                           ------------    ------------    ------------

Cash Flow from Financing Activities:
      Payment of loan costs                                                     (93,178)     (1,056,768)        (93,178)
      Loan payable to related party, net                                        (11,695)           --         1,019,447
      Proceeds from credit line                                                    --         1,056,768            --
      Mortgage payable                                                          523,745            --           958,397
      Proceed from sale of shares                                                25,646            --         1,121,988
      Proceeds from related company debt                                        235,461         129,563         389,958
                                                                           ------------    ------------    ------------
Net cash provided by financing activities                                       679,979         129,563       3,396,612
                                                                           ------------    ------------    ------------

Net Decrease in Cash                                                           (298,719)          5,127         (53,322)
      Foreign exchange on cash balances                                         102,645            (319)        105,061
                                                                           ------------    ------------    ------------
                                                                               (196,074)          4,808          51,739
Cash beginning period                                                           247,813            --              --
                                                                           ------------    ------------    ------------
Cash end of period                                                         $     51,739    $      4,808    $     51,739
                                                                           ============    ============    ============

                        The accompanying notes are an integral part of these financial statements
</TABLE>

                                                         -6-
<PAGE>

Reliant Home Warranty Corporation
(a development stage company)
Notes to financial statements
June 30, 2007

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, 2007 and the results of  operations
     for the six month periods ended June 30, 2007 and 2006,  and for the period
     from inception (January 21, 2004) through June 30, 2007, of 1604494 Ontario
     Inc.  under the name of the Company.  The reverse  merger was 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 were expensed as incurred.

     Development Stage Activities

     Upon  completion of the reverse  merger,  the Company changed the nature of
     its business to offering a proprietary line sub prime residential  mortgage
     programs,   designed  for  marketing  to  purchasers  and   refinancers  of
     residential real estate. While the Company became operational and committed
     full  scale  of   solicitation   of  sub-prime   Canadian   based  mortgage
     applications,  in  recognition  of the  downturn  in  the  U.S.  sub  prime
     residential market and the potential for development affecting an otherwise
     healthy  Canadian  market,  the Company  prudently  delayed  processing and
     closing other than a few applications.  As a result the Company was able to
     fully test and tweak its system while avoiding the misfortune that occurred
     in the U.S. market and latterly to a lesser extent the Canadian one.

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 amendment No.1 Form 10-KSB for
     the fiscal year ended  December 31, 2006, as filed with the  Securities and
     Exchange Commission.

                                      -7-
<PAGE>

     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.  For purposes of
     the statement of cash flows,  the Company  considers all highly liquid debt
     and other  instruments with an original maturity of three months or less to
     be cash equivalents.

     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.  In accordance with FAS
     91,  mortgage  loan fees and  related  loan costs are  offset,  and the net
     amount is deferred and amortized over the lives of the loans.

     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
     cash and equivalents,  mortgages notes, and notes payable  approximate fair
     values  because of the immediate or short-term  maturities of the financial
     instruments and because the prevailing interest rates are market rates.

     g) Net Loss (Earnings) per Share

     Net loss  (earnings)  per share is computed by dividing the net loss by the
     weighted  average  number  of common  shares  outstanding  for the  period.
     Diluted net loss reflects the potential  dilution of securities  that could
     share in the earnings.  Potentially  dilutive securities for the six months
     ended June 30, 2007 consist of the 36,128,286  shares of common stock under
     Warrant (see note 3). There were no potentially dilutive securities for the
     period ended June 30, 2006.

                                      -8-
<PAGE>

     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 FAS 123(R),  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 FAS 52.
     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 Loss

     The Company  reports  comprehensive  loss in  accordance  with FAS 130. The
     components  of  comprehensive  loss include  foreign  currency  translation
     adjustments.

     k) Income Taxes

     The Company  accounts for income taxes in accordance with FAS 109 using the
     asset and liability  approach,  which requires  recognition of deferred tax
     liabilities  and  assets  for  the  expected  future  tax  consequences  of
     temporary  differences  between the  carrying  amounts and the tax basis of
     such assets and liabilities.  The Company has  approximately $12 million in
     net operating  losses as of June 30, 2007, and a valuation  allowance equal
     to the tax  benefit  of the  accumulated  net  operating  losses  has  been
     established  since it is  uncertain  that  future  taxable  income  will be
     realized  during the applicable  carry-forward  periods.  The net operating
     loss  carryforwards  may be limited  under change of control  provisions of
     taxing authorities.

     l) Loan Costs

     Loan costs  represent  costs  incurred  to secure  financing  and are being
     amortized over the term of the related loan.

     m) Recent Accounting Pronouncements

     In September 2006, the FASB issued FAS No. 157, "Fair Value  Measurements",
     which  establishes  a  framework  for  reporting  fair  value  and  expands
     disclosure  about fair value  measurements.  FAS 157 is  effective  for the
     Company's 2008 fiscal year. The Company is currently  evaluating the impact
     of this standard on its financial statements.

     In February  2007,  the FASB issued FAS No. 159, "The Fair Value Option for
     Financial Assets and Financial  Liabilities  Including an Amendment of FASB
     Statement  No.  115.  FAS 159 permits  entities  to choose to measure  many
     financial  instruments  and  certain  other  items  at  fair  value  and is
     effective  for  fiscal  years  after  November  15,  2007.  The  Company is
     currently  evaluating  the  impact  of  adopting  FAS 159 on its  financial
     statements.

                                      -9-
<PAGE>

     n) 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 and 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 44,438,786 to
     2,019,945  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 net loss per share.

     March 24, 2005, pursuant to stock exchange agreement,  BSA Group Limited in
     trust for the  shareholders  of the  Company,  acquired  control of 1604494
     Ontario  Inc. by  acquiring  from  treasury  76,000,000  come 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 (the  "Note") in the  aggregate
     principal  amount of $25 million and a warrant to purchase up to 36,128,286
     shares of the  Company's  common  stock at a price of $.001 per share  (the
     "Warrant").

     As the Company did not have a sufficient number of authorized but un-issued
     common shares to issue upon the full  exercise of the Warrant,  it obtained
     shareholder and State of Florida approval to increase its authorized number
     of common shares from 100 to 200 million shares.

     The Company  agreed to use the proceeds of the Note solely for the purposes
     of funding certain  mortgage loans to its customers,  except for $1,056,768
     that the Company paid to Laurus  Capital  Management,  LLC, the  investment
     advisor to Laurus and to other third parties as reimbursement for their due
     diligence  and legal fees and  expenses  incurred  in  connection  with the
     transaction.  These  costs,  which were paid from  draws on the Note,  were
     capitalized as loan costs. The Note was 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 were 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  were:  expected term of 90 days,
     volatility  of 219.8%,  and  interest  rate of 4.47 and yield of zero.  The
     expected  term was based on the  requirements  of the  Security  & Purchase
     Agreement.  The expected volatility was based on the historical  volatility
     of  the  Company's  common  stock  over a one  year  period  preceding  the
     transaction.  The  dividend  yield of zero was  based on the fact  that the
     Company  had never paid cash  dividends  and had no  intention  to pay cash
     dividends. The risk free interest rate was derived from average US treasure
     rates.

     The following table summarized the capitalized loan costs:
     Fees paid to Laurus Capital Management, LLC  $                   915,000
     Fees paid to other third parties (primarily legal fees)          141,768
                                                                 ------------
                                                                    1,056,768
           Value of Warrant issued to Laurus                        4,299,266
                                                                 ------------
                                                                 $  5,356,034

                                      -10-
<PAGE>


     In September  2006, the Company was notified by Laurus that given a changed
     investment  climate,  it did not intend to  proceed  with and  advance  any
     further monies under the Note. As a result of the decision of Laurus not to
     proceed with the  transaction,  the Company wrote off the capitalized  loan
     costs in the September 2006.

     The Company and Laurus entered into negotiations  respecting the resolution
     of the  relationship  created by the Security and Purchase  Agreement.  The
     results of these  negotiations,  which  allowed the Company to proceed with
     its  business,  ultimately  led to the  Company in  December  2006  issuing
     2,190,944 of its  restricted  common shares to Laurus in  consideration  of
     Laurus  discharging the $1,056,768 debt and releasing its secured  position
     and claims against Company. In addition,  Laurus retained the rights to the
     36,128,286  common shares from the Warrant;  however,  it is prevented from
     selling such shares without the consent of the Company.  The Company has no
     intention of allowing  Laurus to sale the shares and its  shareholders  are
     proceeding with legal action to nullify the Warrant.

     In August 2006, the Company issued  4,000,000  restricted  common shares in
     consideration  of consulting  fees incurred in connection  with a financing
     transaction  that did not  materialize.  These  shares  in the  opinion  of
     counsel were issued in error are a nullity and  therefore are not reflected
     as part of the Company's outstanding capital.

     In November  2006,  Main  Street  Capital  LLC,  as agent for the  Company,
     obtained  subscriptions for two tranches of the Company's restricted common
     shares from an  aggregate  of 14  individuals  for net  proceeds of $65,946
     after fees of $28,134.  These  restricted  common shares were issued by the
     Company from its  treasure  pursuant to Section 144 of the  Securities  Act
     1933 and  subject to certain  statutory  restrictions  from  transfer.  The
     issuance of 638,276 shares for this transactions occurred in January 2007.

     In January 2007, the company issued  19,000,000  free trading common shares
     from  its  treasury  pursuant  to the  exemption  from  share  registration
     provided by Section  SB-8 of the  Securities  Act 1933 to Julian  Brown,  a
     Bahamian  resident  &  consultant.  The  common  shares so  issued  were in
     consideration of services rendered and to be rendered by Mr. Brown pursuant
     to  consulting  agreement  entered into by the Company and Mr.  Brown.  Mr.
     Brown provided a combination of consulting, marketing and technical support
     services to the Company on respect of the launch of its  activities  in the
     Caribbean basis and South America.

     In March 2007,  the Company  issued  250,000  restricted  common  shares in
     consideration of consulting fees.

     During April 2007, the Company issued  2,000,000  restricted  common shares
     from  its  treasure  pursuant  to the  exemption  from  share  registration
     provided by section SB-8 of  Securities  act 1933 to Mr. Boyd  Soussana,  a
     Canadian  resident.  The  2,000,000  shares  were in  consideration  of the
     services rendered by Mr. Soussana as a President and CEO of the Company

4.   Due to and Loans Payable to Related Parties

     Due  to  related  parties  represents   advances  to  the  Company  from  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.

     In August 2006, the Company  received loan proceeds of $1,037,500 under the
     terms of a loan agreement with its shareholder  Galaxy Galleria,  Inc. This
     agreement was made for the purpose of engaging  Galaxy  Galleria to provide
     structured  financing  to assist the  Company  in  bolstering  its  working
     capital  and  meeting its  ongoing  financial  obligations.  The loan bears
     interest  at a rate of 15.1%  and is  payable  quarterly  in  arrears.  The
     principal is due on July 18, 2008.

                                      -11-
<PAGE>

5    Mortgage Notes

     In December 2006, the Company  commenced its mortgage  warranty  operations
     and  through  June  30,  2007  has  written  six  mortgage  loans  totaling
     $1,106,855. The loans carry interest rates of 7.35% to 7.85%, have terms of
     25 to 50 years, are receivable in monthly payments  totaling  approximately
     $6,500 and collateralized by real estate. The Company financed its loans to
     its customers  with loans from Morban  Limited  totaling  $506,500 and Firm
     Capital totaling $510,904.  Interest on the loans is payable monthly at the
     prime rate plus 3%. The  principal  is due during 2007 and 2008.  The loans
     are secured by the Company's mortgage notes with its customers.

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. The Company has
     sustained  net  losses  of  approximately  $12.5  million  since  inception
     including $3.8 million for the six month period ended June 30, 2007,  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  presently  pursuing
     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 DISCUSSIONS 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.

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 (VHSN).  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


                                      -13-
<PAGE>

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
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,  the  former  directors  of the  Company,  Alexander
Stewart, Wallace Stonehouse, Kirk Boyd, Stephen Stewart and Neil Novak, resigned
upon the  appointment  of new directors,  Kevin  Hamilton,  Valeri Guilis,  Boyd
Soussana  and the  Honorable  John  Roberts.  On March 24,  2005,  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 mortgages of residential real estate (single family homes
and condominiums).

On  August  26,  2005,  the  board of  directors  of the  Company  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.  Boyd
Soussana  served Company for two years and resign in July  2007.Jules  Loeb, the
industrialist,  was  appointments  as President and Chairman of the Company from
July 23, 2007.

                                      -14-
<PAGE>



On  January  1,  2006,  the  board of  directors  of the  Company  accepted  the
resignation of its Treasurer and Director, Val Guilis, and appointed Paul Burden
as its Treasurer and  Director.  Paul Burden has resigned at July 23, 2007,  the
same date Anthony  Florjancic  was appointed a member of the Board . 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 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, 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.

On July 18, 2006, the Company entered into a loan agreement with its shareholder
Galaxy  Galleria Inc. This agreement was made for the purpose of engaging Galaxy
Galleria Inc. to provide  structured  financing to assist the Company to bolster
its working capital and meeting its ongoing financial obligations. The principle
amount of the loan,  which  totaled  1,037,500 at September  30, 2006, is due on
July 18,  2008.  The loan  bears  interest  at a rate of  15.1%  and is  payable
quarterly in arrears.

In August  2006,  the  Company  issued  4,000,000  restricted  common  shares in
consideration  of  consulting  fees  incurred  in  connection  with a  financing
transaction  that did not  materialize.  These  shares in the opinion of counsel
were issued in error are a nullity and  therefore  are not  reflected as part of
the Company's outstanding capital


                                      -15-
<PAGE>

In  September  2006,  the  Company  was  notified by Laurus that given a changed
investment  climate,  it did not intend to proceed  with and advance any further
monies under the Note.  The Company and Laurus  negotiated a  settlement,  which
allowed the  Company to proceed  with its  business  and  ultimately  led to the
Company in December 2006 issuing  2,190,944 of its restricted  shasres to Laurus
in consideration of Laurus  discharging the Company's debt totaling  $1,056,768.
In addition,  Laurus retained the right to the 36,128,286 common shares from the
warrant.

In January 2007, the Company  issued  19,000,000 of its  free-trading  shares to
Julian Brown for consulting services.

In April 2007, the Company  issued  2,000,000  restricted  common shares to Boyd
Soussana.

In July 2007, Boyd Soussana resigned and was replaced by Jules Loeb as President
and chairman.


RESULTS OF OPERATIONS

Results for the six months ended June 30, 2007

Revenue for the six months ended June 30, 2007 was zero.  The Company  continued
to  develop  its  proprietary  residential  mortgage  and  residential  mortgage
insurance  programs,  which it launched  during the third quarter of this fiscal
year and as such has not generated any revenues. Operating expenses increased to
$3,725,174  for the six month period ended June 30, 2007  compared to $1,702,061
for the same  period  in 2006.  This  increase  was due  primarily  to wages and
salaries, professional fees, consulting fees and general administrative expenses
related to the development of the Company's proprietary mortgage program.

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.

The Company used the six month period  ending June 30, 2007 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 $3,807,812 during the six months of 2007.

The Company  operations have been impacted by adverse  American  mortgage market
conditions. As a result, rating agencies have downgraded most sub prime mortgage
pools. The Canadian capital market has also experienced a decreased appetite for
sub prime  mortgage  pools.  New  requirements  mandate large amounts of capital
reserves for first loss.  This level of capital was not  previously  required by
buyers of the Company's  existing  pool of mortgages.  The Company is working to
secure a first loss pool mortgage indemnity policy within Canada. This will take
longer than anticipated as there are no insurers in Canada currently providing a
policy to the sub prime market. This inability to re-sell the mortgage pools has
resulted in a continued  company capital drain and affects the Company's ability
to make a profit. The Company will continue working with insurance providers and
potential  buyers of Reliant's  mortgage pools to obtain the required first loss
pool requirement.

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.

                                      -16-
<PAGE>

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 shares under
a Form S-8 filing and 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 2,019,945.

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,  whereby The BSA Group  Limited , 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,  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.

Kevin Hamilton acquired beneficial  ownership of 20,085,667 common shares in the
capital of the Company,  through a  corporation,  Galaxy  Galleria  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 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.

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 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, at a price of $.001 per share
(the "Warrant").

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 shares upon  exercise of the Warrant
in full and for other general corporate purposes which may arise.

                                      -17-
<PAGE>

On July 18, 2006, the Company entered into a loan agreement with its shareholder
Galaxy  Galleria Inc. This agreement was made for the purpose of engaging Galaxy
Galleria Inc. to provide  structured  financing to assist the Company to bolster
its working capital and meeting its ongoing financial obligations. The principle
amount of the loan,  which  totaled  1,037,500 at September  30, 2006, is due on
July 18,  2007.  The loan  bears  interest  at a rate of  15.1%  and is  payable
quarterly in arrears.

In August  2006,  the  Company  issued  4,000,000  restricted  common  shares in
consideration  of  consulting  fees  incurred  in  connection  with a  financing
transaction  that did not  materialize.  These  shares in the opinion of counsel
were issued in error are a nullity and  therefore  are not  reflected as part of
the Company's outstanding capital

In  September  2006,  the  Company  was  notified by Laurus that given a changed
investment  climate,  it did not intend to proceed  with and advance any further
monies under the Note.  The Company and Laurus  negotiated a  settlement,  which
allowed the  Company to proceed  with its  business  and  ultimately  led to the
Company in December 2006 issuing  2,190,944 of its restricted  shasres to Laurus
in consideration of Laurus  discharging the Company's debt totaling  $1,056,768.
In addition,  Laurus retained the right to the 36,128,286 common shares from the
warrant.

On November 2006 Main Street capital LLC, as an agent for the Company,  obtained
subscription for two tranches of the Company's  restricted common shares from an
aggregate of 14 individuals for the net proceed of $65,946 after fees of $28,134
These  restricted  common  shares were issued by the Company  from its  treasure
pursuant  to  section  144 of the  Securities  Act 1933 and  subject  to certain
statutory  restrictions  from transfer.  The issuance of 638,276 shares for this
transaction occurred in January 2007.

During January 2007, the company  issued  19,000,000  free trading Common shares
from its treasury pursuant to the exemption from share registration  provided by
Section SB-8 of the Securities  Act 1933 to Julian Brown, a Bahamian  resident &
financial  service  marketing  consultant.  The common  shares so issued were in
consideration  of services  rendered and to be rendered by Mr. Brown pursuant to
consulting  agreement  entered  into by the Company  and Mr.  Brown.  Mr.  Brown
provided a combination of consulting,  marketing and technical  support services
to the Company on respect of the launch of its activities in the Caribbean basis
and South America.

In  March  2007,  the  Company  issued  250,000   restricted  common  shares  in
consideration of consulting fees.

During April 2007, the Company issued 2,000,000 restricted common shares from
its treasure pursuant to the exemption from share registration provided by
section SB-8 of Securities act 1933 to Mr. Boyd Soussana, a Canadian resident.
The 2,000,000 shares were in consideration of the services rendered by Mr. Boyd
Soussana as a President and CEO of the Company

The Company's financial status lacks the characteristics of a going concern. Due
to its financial  condition,  the Company intents to continue to seek loans, and
raise  funds to meet its needs.  As Reliant is only in the  developing  stage of
exploiting  its  proprietary  financial  systems  and  "know  how"  it has  only
generated  minor  revenue  and no profit  from its  operations.  Its  ability to
operate as a going concern is depended upon its ability to generate  revenue and
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.

                                      -18-
<PAGE>

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

The Company has not made any changes to its  internal  control  during the first
quarter that has  materially  affected,  or is  reasonable  likely to materially
affect, our internal control over the financial  reporting.  The Company has not
identified any significant  deficiencies or material weaknesses or other factors
that could  significantly  affect these  controls,  and  therefore,  no need for
corrective action to be taken.

                                      -19-
<PAGE>


PART II                OTHER INFORMATION

ITEM 1      Legal Proceedings

From time to time,  Reliant  may be  involved as a  plaintiff  or  defendant  in
various  minor 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 years concerning any director,  director nominee, or officer which
involved, a pending material 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.

Two minority shareholders of the Company commenced a representative legal action
during the second quarter in the Supreme Court of Justice (Ontario) on behalf of
all common  shareholders  of the  Company  against  Laurus  Master  Fund,  et ol
(Laurus)  claiming  damages from Laurus as well as an order  prohibiting  Laurus
from exercising the Warrant granted to them by the Company. On advice of counsel
pending the outcome of the  litigation,  the Company's  transfer  agent has been
notified  to  defer  processing  any and all  attempts  by  Laurus  to  exercise
Company's Warrant

ITEM 2            Unregistered Sales of Equity Securities and use of Proceeds
None

ITEM 3            Defaults Upon Senior Notes
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 March 31, 2007.

ITEM 5            Other Information
None

CHANGES IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON  ACCOUNTING  AND  FINANCIAL
DISCLOSURE
None

POST PERIOD EVENTS
None


ITEM 6             EXHIBITS

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


                                      -20-
<PAGE>


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 19, 2007                /s/ Jules Loeb
                                 ---------------------------------
                                 (Signature) Jules Loeb
                                 Chief Executive Officer

Date Aug 19, 2007                /s/ Stephen Hamilton
                                 ---------------------------------
                                 (Signature) Stephen Hamilton
                                 Chief Financial Officer


                                      -21-