----

----

| [X]            | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934.                                              |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
|           | For      the Quarterly Period Ended May 31, 2008                                                                                                |
|           |                                                                                                                                            |
| [  ] | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES      EXCHANGE       ACT OF    1934. |
|           |  For the      transition period from ______________ to ________________                                                               |

| Wyoming                                                               | 13-3411167                                |
|-----------------------------------------------------------------------|-------------------------------------------|
|    (State      or Other Jurisdiction of Incorporation) | (I.R.S.      Employer Identification No.) |

----

| PART      I.                       | Financial      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Item      1.                       | Condensed      Consolidated Financial Statements (unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|                               | Condensed      Consolidated Balance Sheet                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 3      |
|                               | Condensed      Consolidated Statements of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 4      |
|                               | Condensed      Consolidated Statements of Stockholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 5      |
|                               | Condensed      Consolidated Statements of Cash Flows                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 6      |
|                               | Notes to      Condensed Consolidated Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 7      |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Item      2.                       | Management's      Discussion and Analysis or Plan of Operation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 9      |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Item      3.                       | Controls and      Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 11     |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| PART      II.                      | Other      Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Item      2.                       | Unregistered      Sales of Equity Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 12     |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Item      3.                       | Defaults Upon      Senior Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 12     |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Item      6.                       | Exhibits                                                                                                            | 13     |
|                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Signatures      and Certifications | 14                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

|                                                                                                                    |   |  May      31,2008 |        |   |  February      29, 2008 |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|------------------------|-------------|--------|------------------------------|--------|
| Current      assets                                                                                                     |   |                   |        |   |                         |   |
| Cash and cash      equivalents                                                                                          |   | $                      | 29,169      |   |                         | $      | 110,522 |   |
| Due from      related parties (Note 2)                                                                                  |   |                   | 8,045       |   |                         |   | - |   |
| Total current      assets                                                                                               |   |                   | 37,214      |   |                         |   | 110,522 |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| License      rights (Note 3)                                                                                            |   |                   | 50,000      |   |                         |   | 50,000 |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| Total      assets                                                                                                       |   | $                      | 87,214      |   |                         | $      | 160,522 |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| Liabilities      Stockholders’ Deficiency and                                                                     |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| Current      liabilities                                                                                                |   |                   |        |   |                         |   |   |   |
| Accounts      payable                                                                                                   |   | $                      | 215,295     |   |                         | $      | 263,726 |   |
| Due to      related parties (Note 2)                                                                                    |   |                   | 300,851     |   |                         |   | 212,000 |   |
| Restructured      related party liabilities (Note 4)                                                                    |   |                   | -           |   |                         |   | 99,875 |   |
| Accrued      expenses                                                                                                   |   |                   |        |   |                         |   |   |   |
| Professional      fees                                                                                                  |   |                   | 53,760      |   |                         |   | 34,000 |   |
| Other                                                                                                                   |   |                   | 7,683       |   |                         |   | 12,000 |   |
| Total current      liabilities                                                                                          |   |                   | 577,589     |   |                         |   | 621,601 |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| Total      liabilities                                                                                                  |   | $                      | 577,589     |   |                         | $      | 621,601 |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| Stockholders’      deficiency                                                                                     |   |                   |        |   |                         |   |   |   |
| Preferred      stock, unlimited shares authorized, none outstanding                                                     |   |                   | -           |   |                         |   | - |   |
| Common stock,      $.0001 par value; unlimited shares authorized,      2,510,243,040 shares issued and outstanding |   |                   | 251,024     |   |                         |   | 98,530 |   |
| Additional      paid-in capital                                                                                         |   |                   | 33,732,382  |   |                         |   | 30,137,832 |   |
| Common stock      subscribed                                                                                            |   |                   | -           |   |                         |   | 3,647,169 |   |
| Accumulated      deficit                                                                                                |   |                   | (34,473,781 | )      |                         |   | (34,344,610 | ) |
| Total      stockholders’ deficiency                                                                               |   |                   | (490,375    | )      |                         |   | (461,079 | ) |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |
| Total      liabilities and stockholders’ deficiency                                                               |   | $                      | 87,214      |   |                         | $      | 160,522 |   |
|                                                                                                                    |   |                   |        |   |                         |   |   |   |

----

|                                                      |   | Three Months      Ended May 31, |          |
|-----------------------------------------------------------|--------|---------------------------------|---------------|
|                                                      |   | 2008                            |          |   | 2007 |   |
|                                                      |   |                            |          |   |   |   |
| Revenues                                                  |   | $                               | -             |   |   | $ | - |   |
|                                                      |   |                            |          |   |   |   |   |   |
| Costs and      expenses                                   |   |                            |          |   |   |   |   |   |
| Management      fees - related party                      |   |                            | 78,919        |   |   |   | 60,000 |   |
| Professional      fees                                    |   |                            | 8,855         |   |   |   | 4,397 |   |
| General and      administrative                           |   |                            | 41,397        |   |   |   | 19,989 |   |
| Depreciation      and amortization                        |   |                            | -             |   |   |   | 382 |   |
| Interest      expense                                     |   |                            | -             |   |   |   | 26,466 |   |
| Gain on      disposal of marketable securities            |   |                            | -             |   |   |   | (7,550 | ) |
|                                                      |   |                            |          |   |   |   |   |   |
| Total costs      and expenses                             |   |                            | 129,171       |   |   |   | 103,684 |   |
|                                                      |   |                            |          |   |   |   |   |   |
| Net      loss                                             |   |                            | (129,171      | ) |   |   | (103,684 | ) |
|                                                      |   |                            |          |   |   |   |   |   |
| Preferred      dividends                                  |   |                            | -             |   |   |   | 60,493 |   |
|                                                      |   |                            |          |   |   |   |   |   |
|                                                      |   |                            |          |   |   |   |   |   |
| Net loss      applicable to common shareholders           |   | $                               | (129,171      | ) |   | $ | (164,177 | ) |
|                                                      |   |                            |          |   |   |   |   |   |
|                                                      |   |                            |          |   |   |   |   |   |
| Loss per      share of common stock                       |   | $                               | (0.000        | ) |   | $ | (0.0002 | ) |
|                                                      |   |                            |          |   |   |   |   |   |
| Weighted      average number of common shares outstanding |   |                            | 1,530,284,707 |   |   |   | 770,601,873 |   |
|                                                      |   |                            |          |   |   |   |   |   |

----

|                                                                                               |   | Common      Stock |          |   | Additional      Paid-in |   |    | Common      Stock |   |   |         Accumulated |   |   |      |       |
|----------------------------------------------------------------------------------------------------|--------|-------------------|---------------|--------|-------------------------|--------|---------|-------------------|--------|--------|-------------------------------|--------|--------|-----------|------------|
|                                                                                               |   | Shares            |          |   | Amount                  |   |    | Capital           |   |   | Subscribed                    |   |   | (Deficit) |       |   | Total |   |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |
| Balance      February 29, 2008                                                                     |   |              | 985,305,540   |   |                    |   | 98,530  |              |   |   | 30,137,832                    |   |   |      | 3,647,169  |   |   |   | (34,344,610 | ) |   |   | (461,079 | ) |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |
| Common stock      private placement                                                                |   |              | 15,000,000    |   |                    |   | 1,500   |              |   |   | 103,500                       |   |   |      | (105,000   | ) |   |   | - |   |   |   | - |   |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |
| Common stock      issued pursuant to private placement associated with disposal of trade      name |   |              | 200,000,000   |   |                    |   | 20,000  |              |   |   | 82,333                        |   |   |      | (102,333   | ) |   |   | - |   |   |   | - |   |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |
| Common stock      issued to settle preferred share obligations                                     |   |              | 1,220,000,000 |   |                    |   | 122,000 |              |   |   | 3,317,836                     |   |   |      | (3,439,836 | ) |   |   | - |   |   |   | - |   |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |
| Common stock      issued pursuant to settlement with officers                                      |   |              | 89,937,500    |   |                    |   | 8,994   |              |   |   | 90,881                        |   |   |      | -          |   |   |   | - |   |   |   | 99,875 |   |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |
| Net loss for      the three months ended May 31, 2008                                              |   |              | -             |   |                    |   | -       |              |   |   | -                             |   |   |      | -          |   |   |   | (129,171 | ) |   |   | (129,171 | ) |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |
| Balance      May 31, 2008                                                                          |   |              | 2,510,243,040 |   |                    |   | 251,024 |              |   |   | 33,732,382                    |   |   |      | -          |   |   |   | (34,473,781 | ) |   |   | (490,375 | ) |
|                                                                                               |   |              |          |   |                    |   |    |              |   |   |                          |   |   |      |       |   |   |   |   |   |   |   |   |   |

----

|                                                                                      |   | Three Months      Ended May 31, |                                              |
|-------------------------------------------------------------------------------------------|--------|---------------------------------|---------------------------------------------------|
|                                                                                      |   | 2008                            |                                              |   | 2007 |   |
| Operating      activities                                                                 |   |                            |                                              |   |   |   |
| Net      (loss)                                                                           |   | $                               | (129,171                                          | ) |   | $ | (103,684 | ) |
| Adjustments      to reconcile net (loss) to net cash (used) by      operating activities: |   |                            |                                              |   |   |   |   |   |
| Depreciation      and amortization                                                        |   |                            | -                                                 |   |   |   | 382 |   |
| Gain on      disposal of marketable securities                                            |   |                            |         - |   |   |   | (7,550 | ) |
| Changes      in:                                                                          |   |                            |                                              |   |   |   |   |   |
| Prepaid      expenses                                                                     |   |                            | -                                                 |   |   |   | (20,160 | ) |
| Due      from/to  related parties                                               |   |                            | 80,806                                            |   |   |   | 141,739 |   |
| Accounts      payable and accrued expenses                                                |   |                            | (32,988                                           | ) |   |   | (55,431 | ) |
| Net cash      (used) in operating activities                                              |   |                            | (81,353                                           | ) |   |   | (44,704 | ) |
| Investing      activities                                                                 |   |                            |                                              |   |   |   |   |   |
| Proceed on      disposal of marketable securities                                         |   |                            | -                                                 |   |   |   | 37,100 |   |
| Net cash      (used in) investing activities                                              |   |                            | -                                                 |   |   |   | 37,100 |   |
|                                                                                      |   |                            |                                              |   |   |   |   |   |
| Financing      activities                                                                 |   |                            |                                              |   |   |   |   |   |
| Net cash      provided by financing activities                                            |   |                            | -                                                 |   |   |   | - |   |
|                                                                                      |   |                            |                                              |   |   |   |   |   |
| Increase      (decrease) in cash and cash equivalents                                     |   |                            | (81,353                                           | ) |   |   | (7,604 | ) |
|                                                                                      |   |                            |                                              |   |   |   |   |   |
| Cash and cash      equivalents, beginning of year                                         |   |                            | 110,522                                           |   |   |   | 11,833 |   |
|                                                                                      |   |                            |                                              |   |   |   |   |   |
| Cash and cash      equivalents, end of year                                               |   | $                               | 29,169                                            |   |   | $ | 4,229 |   |

| 1. | issued      200,000,000 common shares valued at $102,333 pursuant to a private      placement associated with disposal of trade name. |
|----|---------------------------------------------------------------------------------------------------------------------------------------|
| 2. | issued      89,937,500 common shares valued at $99,875 pursuant to settlement with      officers.                                     |
| 3. | issued      1,220,000,000 common shares valued at $3,439,836 pursuant to settlement of      preferred share obligations.              |
| 4. | issued      15,000,000 common shares valued at $105,000 pursuant to common stock      subscribed.                                     |

| 1.     | issued      10,000,000 shares of its common stock, valued at $36,000 pursuant to a      settlement agreement with the Company’s former CEO |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                             |

----

|                                                |   | May 31,      2008 |   |
|-----------------------------------------------------|--------|-------------------|--------|
|                                                |   |              |   |
| Entities with      common directors and/or officers |   | $                 | 8,045  |   |
|                                                |   |              |   |   |

----

|                                                |   | May 31,      2008 |    |
|-----------------------------------------------------|--------|-------------------|---------|
|                                                |   |              |    |
| Entities with      common directors and/or officers |   |              | 85,851  |   |
| Former      officer and director                    |   |              | 215,000 |   |
|                                                |   |              |    |   |
| Total                                               |   | $                 | 300,851 |   |
|                                                |   |              |    |   |

----

----

----

----

|               |                                 |   | Number      of |              |
|--------------------|--------------------------------------|--------|----------------|-------------------|
| Date               | Securities      Issued To            |   | Shares         |              |
| March 3,      2008 | 1677692      Ontario Ltd.            |   |           | 5,000,000         |   |
| March 3,      2008 | MMJM      Investments Inc.           |   |           | 10,000,000        |   |
| March 6,      2008 | Gracom      Holdings Ltd.            |   |           | 40,000,000        |   |
| May 14,      2008  | Carrie      Weiler                   |   |           | 16,645,833        |   |
| May 14,      2008  | Michael      Connell                 |   |           | 6,645,833         |   |
| May 14,      2008  | John      Simmonds                   |   |           | 115,145,834       |   |
| May 14,      2008  | Gary      Hokkanen                   |   |           | 20,000,000        |   |
| May 14,      2008  | Timothy      Usher-Jones             |   |           | 57,350,000        |   |
| May 14,      2008  | Michael      Usher-Jones             |   |           | 57,350,000        |   |
| May 14,      2008  | Shannon      McCarthy                |   |           | 57,350,000        |   |
| May 14,      2008  | Shane      McCarthy                  |   |           | 57,350,000        |   |
| May 14,      2008  | Randi      Atlin                     |   |           | 18,792,200        |   |
| May 14,      2008  | Michael      Scott                   |   |           | 18,792,000        |   |
| May 14,      2008  | Paul      Marsiglio                  |   |           | 35,457,800        |   |
| May 14,      2008  | Catharine      Doncaster             |   |           | 35,457,800        |   |
| May 14,      2008  | Dana      Gilman                     |   |           | 9,300,000         |   |
| May 14,      2008  | Margaret      Bertram                |   |           | 9,300,000         |   |
| May 14,      2008  | Kenneth J.      Adelberg             |   |           | 155,000,000       |   |
| May 14,      2008  | Graham      Simmonds                 |   |           | 100,000,000       |   |
| May 14,      2008  | Raymond      Veeneman                |   |           | 10,000,000        |   |
| May 14,      2008  | Maury      Ezra                      |   |           | 17,500,000        |   |
| May 14,      2008  | Mark      Gregory                    |   |           | 100,000,000       |   |
| May 14,      2008  | David      Tingley                   |   |           | 25,000,000        |   |
| May 14,      2008  | Jim Anderson      Professional Corp. |   |           | 2,500,000         |   |
| May 14,      2008  | Glen      Gregory                    |   |           | 110,000,000       |   |
| May 14,      2008  | Helmut      Biemann                  |   |           | 7,500,000         |   |
| May 14,      2008  | Eric      Rahn                       |   |           | 10,000,000        |   |
| May 14,      2008  | Adam      Szweras                    |   |           | 5,000,000         |   |
| May 14,      2008  | Northmount      Capital Corp.        |   |           | 25,000,000        |   |
| May 14,      2008  | Rosemary      Gillespie              |   |           | 75,000,000        |   |
| May 14,      2008  | Raymond      Veeneman                |   |           | 10,000,000        |   |
| May 14,      2008  | Morningside      Capital Ltd.        |   |           | 75,000,000        |   |
| May 14,      2008  | The Woodham      Group Inc.          |   |           | 22,500,000        |   |
| May 14,      2008  | Brimas      Consulting Inc.          |   |           | 5,000,000         |   |
| May 31,      2008  | ETIFF      Holdings LLC              |   |           |  200,000,000 |   |
|               |                                 |   |           |              |   |
| TOTAL              |                                 |   |           | 1,504,937,500     |   |
|               |                                 |   |           |              |   |

----

| a)   | Exhibits |
|----------------|----------|

| Exhibit No.  | Description                                                                                                                         |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| 31.1              | Certification      pursuant to Section 302 of the Sarbanes-Oxley Act of  2002.*                                                     |
| 31.2              | Certification      pursuant to Section 302 of the Sarbanes-Oxley Act of  2002.*                                                     |
| 32.1              | Certification      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002. * |
| 32.2              | Certification      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      the Sarbanes-Oxley Act of 2002.*  |

----

|                     |   |                                                                     |   |
|--------------------------|--------|--------------------------------------------------------------------------|--------|
| Date: July      14, 2008 | By:    |  /s/      John G. Simmonds                                          |   |
|                     |   | Name: John G.      Simmonds                                              |   |
|                     |   | Title:   President      and Chief Executive Officer  |   |
|                     |   |                                                                     |   |

| Date: July      14, 2008 | By:    |  /s/      Gary N. Hokkanen                                                                |   |
|--------------------------|--------|------------------------------------------------------------------------------------------------|--------|
|                     |   | Name: Gary N.      Hokkanen                                                               |   |
|                     |   | Title:        Chief Financial Officer                                           |   |
|                     |   |           (Principal      Financial Officer) |   |

----

----