**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


WASHINGTON,
      D.C. 20549










FORM
      10-QSB







(Mark
      One)





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





For
      The
      Quarterly Period Ended February 28, 2007





[    
              ]
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                ACT OF
                1934





For
      The
      Transition Period from __________ To _________





Commission
      file number: 0-9879





**CAPITAL
      SOLUTIONS I, INC.**


(Exact
      name of small business issuer as specified in its charter)







**DELAWARE**
            
            **13-2648442**(State
                or other jurisdiction
              of
                incorporation or organization)
            
            (IRS
                Employer Identification
                No.)







**One
      N.E. First Avenue, Suite 306, Ocala, Florida 34470**


(Address
      of principal executive offices)




**(718)
      554-3652**


(Issuer’s
      telephone number)








(Former
      Name, former address and former fiscal year, if changed since last
      report)





Check
      whether the issuer (1) has filed all reports required by Section 13 or 15(d)
      of
      the Securities Exchange Act of 1934 during the past 12 months (or for such
      shorter period that the Registrant was required to file such reports) and (2)
      has been subject to such filing requirements for the past 90 days:


Yes
      [ X
      ] No
      [    ]





Indicate
      by check mark whether the issuer is a shell company (as defined in rule 12b-2
      of
      the Exchange Act)


Yes
      [ X
      ] No
      [    ]




APPLICABLE
      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY


PROCEEDINGS
      DURING THE PRECEDING FIVE YEARS





Check
      whether the registrant filed all documents and reports required by Section
      12,
      13, or 15(d) of the Exchange Act after the distribution of securities under
      a
      plan confirmed by a court


Yes
      [     ] No
      [     ]





APPLICABLE
      ONLY TO CORPORATE ISSUERS





State
      the
      number shares outstanding of each of the issuer’s classes of common equity, as
      of the latest practicable date:





As
      of
      April 11, 2007, there were 66,732 shares of the Registrant's Common Stock,
      $0.0000001 par value per share, outstanding.





Transitional
      Small Business Disclosure Format Yes
      [     ] No [ X
      ]





**CAPITAL
      SOLUTIONS I, INC.**


**FOR
      THE QUARTERLY PERIOD ENDED FEBRUARY 28, 2007**





**TABLE
      OF CONTENTS**





**PART
      I - FINANCIAL INFORMATION**




Item
                1. Financial Statements
            1Item
                2. Management's Discussion and Analysis or Plan of
                Operation
            16Item
                3. Controls and Procedures
            22**PART
                II - OTHER INFORMATION**Item
                1. Legal Proceedings
            23Item
                2. Unregistered Sales of Equity Securities and Use of
                Proceeds.
            23Item
                3. Defaults upon Senior Securities
            23Item
                4. Submission of Matters to a Vote of Securities Holders
            23Item
                5. Other Information
            23Item
                6. Exhibits
            23




THIS
      REPORT CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES.
      SUCH STATEMENTS ARE BASED ON CURRENT EXPECTATIONS, ASSUMPTIONS, ESTIMATES AND
      PROJECTIONS ABOUT THE COMPANY AND ITS INDUSTRY. FORWARD-LOOKING STATEMENTS
      ARE
      SUBJECT TO KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY
      CAUSE ACTUAL RESULTS, LEVELS OF ACTIVITY, PERFORMANCE, ACHIEVEMENTS AND
      PROSPECTS TO BE MATERIALLY DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY SUCH
      FORWARD-LOOKING STATEMENTS. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE
      PUBLICLY ANY FORWARD-LOOKING STATEMENTS FOR ANY REASON EVEN IF NEW INFORMATION
      BECOMES AVAILABLE OR OTHER EVENTS OCCUR IN THE FUTURE.








**PART
      I**


**FINANCIAL
      INFORMATION**





**Item
              1.**
            **Financial
                Statements**





**CAPITAL
        SOLUTIONS I, INC.**
 **CONDENSED
        CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 **FOR
        THE NINE MONTHS ENDED FEBRUARY 28, 2007 AND 2006**
 
 
                   
 **1**
  **CAPITAL
        SOLUTIONS I, INC.**
 **INDEX
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 **FOR
        THE NINE MONTHS ENDED FEBRUARY 28, 2007 AND 2006**
 
 Balance
                    Sheet as of February 28, 2007
                3Statements
                    of Income for the Nine and Three Months EndedFebruary
                    28, 2007 and 2006
                4Statements
                    of Cash Flows for the Nine Months EndedFebruary
                    28, 2007 and 2006
                5Notes
                    to Condensed Consolidated Financial Statements
                6 -
                    15
 
 
 
 
 **2**
  **CAPITAL
                    SOLUTIONS I, INC.****CONDENSED
                    CONSOLIDATED BALANCE SHEET (UNAUDITED)****FEBRUARY
                    28, 2007****ASSETS****2006****CURRENT
                    ASSETS**Cash
                    and cash equivalents
                
                $
                651**Total
                    current assets**
                
                $
                651**LIABILITIES
                    AND STOCKHOLDERS' DEFICIT****CURRENT
                    LIABILITIES**Loan
                    payable - related party
                
                
                20,000**Total
                    current liabilities**
                
                
                20,000**STOCKHOLDERS'
                    DEFICIT**Preferred
                    stock, $.0000001 par value, 20,000,000 sharesauthorized, 50,000 issued and outstanding at February 28, 2007Common
                    stock, $.0000001 par value, 900,000,000 sharesauthorized, 66,732 issued and outstanding at February 28, 2007
                
                
                -Additional
                    paid-in capital
                
                
                531,530Accumulated
                    deficit
                
                
                (550,879
                )**Total
                    stockholders' deficit**
                
                
                (19,349
                )**TOTAL
                    LIABILITIES AND STOCKHOLDERS' DEFICIT**
                
                $
                651
  The
              accompanying notes are an integral part of these unaudited condensed
              consolidated financial statements.
 **3**
 
 **CAPITAL
                  SOLUTIONS I, INC.****CONDENSED
                  CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)****FOR
                  THE NINE MONTHS ENDED FEBRUARY 28, 2007 AND 2006****NINE
                  MONTHS ENDED**
              
              **THREE
                  MONTHS ENDED****February
                28,**
              
              **February
                  28,**
              
              **February
                  28,**
              
              **February
                  28,****2007**
              
              **2006**
              
              **2007**
              
              **2006****REVENUES**
              
              $
              -
              
              $
              -
              
              $
              -
              
              $
              -**COST
                  OF REVENUES**
              
              
              -
              
              
              -
              
              
              -
              
              
              -**GROSS
                  PROFIT**
              
              
              -
              
              
              -
              
              
              -
              
              
              -**OPERATING
                  EXPENSES**Professional
                  fees and consulting
              
              
              -
              
              
              1,024
              
              
              -
              
              
              160Accounting
                  and
                  audit fees
              
              
              18,000
              
              
              -
              
              
              -
              
              
              -Stock
                  transfer fees
              
              
              -
              
              
              1,770
              
              
              -
              
              
              1,605Administrative
                  and other
              
              
              1,781
              
              
              746
              
              
              36
              
              
              584**Total
                  operating expenses**
              
              
              19,781
              
              
              3,540
              
              
              36
              
              
              2,349**LOSS
                  BEFORE OTHER INCOME (EXPENSE)**
              
              
              (19,781
              )
              
              (3,540
              )
              
              (36
              )
              
              (2,349
              )**OTHER
                  INCOME (EXPENSE)**Debt
                  forgiveness
              
              
              629,707
              
              
              
              
              
              -Interest
                  expense
              
              
              -
              
              
              (24,012
              )
              
              -
              
              
              (8,004
              )**Total
                  other Income (expense)**
              
              
              629,707
              
              
              (24,012
              )
              
              -
              
              
              (8,004
              )**INCOME
                  (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME
                  TAXES:**
              
              
              609,926
              
              
              (27,552
              )
              
              (36
              )
              
              (10,353
              )Provision
                  for
                  income taxes
              
              
              -
              
              
              -
              
              
              -
              
              
              -**NET
                  INCOME (LOSS) FROM CONTINUING OPERATIONS APPLICABLE TO COMMON
                  SHARES**
              
              
              609,926
              
              $
              (27,552
              )
              
              (36
              )
              $
              (10,353
              )**DISCONTINUED
                  OPERATIONS**(Loss
                  on disposal)
              
              $
              -
              
              $
              (21,000
              )
              $
              -
              
              $
              -**NET
                  INCOME (LOSS) FROM OPERATIONS APPLICABLE TO COMMON
                  SHARES**
              
              $
              609,926
              
              $
              (48,552
              )
              $
              (36
              )
              $
              (10,353
              )**NET
                  INCOME (LOSS) FROM CONTINUING OPERATIONS PER BASIC AND DILUTED
                  SHARES**
              
              $
              7.61
              
              $
              (2.16
              )
              $
              (0.00
              )
              $
              (1.07
              )**NET
                  (LOSS) FROM DISCONTINUED OPERATIONS PER BASIC AND DILUTED
                  SHARES**
              
              $
              -
              
              $
              (1.64
              )
              $
              -
              
              $
              -**WEIGHTED
                  AVERAGE NUMBER OF COMMON****SHARES
                  OUTSTANDING**
              
              
              80,139
              
              
              12,772
              
              
              66,732
              
              
              9,673




The
            accompanying notes are an integral part of these unaudited condensed
            consolidated financial statements.
 **4**


**CAPITAL
                  SOLUTIONS I, INC.****CONDENSED
                  CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)****FOR
                  THE NINE MONTHS ENDED FEBRUARY 28, 2007 AND 2006****2007**
              
              **2006****CASH
                  FLOWS FROM OPERATING ACTIVITIES**Net
                  Income (Loss)
              
              $
              609,926
              
              $
              (27,552
              )**Adjustments
                  to reconcile net loss to net cash****provided
                  by (used in) operating activities:**Goodwill
                  impairment
              
              
              -
              
              
              91,970Forgiveness
                  of
                  debt
              
              
              (629,707
              )**Changes
                  in assets and liabilities**Increase
                  in
                  accounts payable and accrued expenses
              
              
              -
              
              
              24,012**Total
                  adjustments**
              
              
              (629,707
              )
              
              115,982**Net
                  cash provided by (used in) operating activities**
              
              
              (19,781
              )
              
              88,430**Discontinued
                  Operations:**(Loss
                  on discontinued operations)
              
              
              -
              
              
              (21,000
              )Net
                  cash (used in) operating activities - discontinuing
                  operations
              
              
              -
              
              
              (21,000
              )**CASH
                  FLOWS FROM INVESTING ACTIVITIES**Purchase
                  of
                  investments
              
              
              -
              
              
              26**Net
                  cash (used in) provided by financing activities - continuing
                  operations**
              
              
              -
              
              
              26**CASH
                  FLOWS FROM FINANCING ACTIVITIES****Continuing
                  Operations:**Proceeds
                  from
                  short-term notes payable and advances
              
              
              
              
              
              2,000Increase
                  in
                  Loan payable - related party
              
              
              20,000
              
              
              -(Payments)
                  from
                  short-term notes payable and advances
              
              
              -
              
              
              (3,351
              )(Payments)
                  of
                  line of credit
              
              
              -
              
              
              (64,777
              )**Net
                  cash (used in) provided by financing activities - continuing
                  operations**
              
              
              20,000
              
              
              (66,128
              )**NET
                  INCREASE IN CASH AND CASH EQUIVALENTS**
              
              
              219
              
              
              1,328**CASH
                  AND CASH EQUIVALENTS - BEGINNING OF PERIOD**
              
              
              432
              
              
              137**CASH
                  AND CASH EQUIVALENTS - END OF PERIOD**
              
              $
              651
              
              $
              1,465


The
              accompanying notes are an integral part of these unaudited condensed
              consolidated financial statements.
 **5**
 **CAPITAL
        SOLUTIONS I, INC.**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 **FEBRUARY
        28, 2007 AND 2006**
  **NOTE
                1 -**
              **ORGANIZATION**
 
 The
        condensed consolidated unaudited interim financial statements included herein
        have been prepared by Capital Solutions I, Inc. (formerly Vacation Ownership
        Marketing, Inc.) (the “Company”) without audit, pursuant to the rules and
        regulations of the Securities and Exchange Commission (the “SEC”). Certain
        information and footnote disclosures normally included in the condensed
        consolidated financial statements prepared in accordance with accounting
        principles generally accepted in the United States of America have been
        condensed or omitted as allowed by such rules and regulations, and the Company
        believes that the disclosures are adequate to make the information presented
        not
        misleading. It is suggested that these condensed consolidated financial
        statements be read in conjunction with the May 31, 2006 audited consolidated
        financial statements and the accompanying notes thereto. While management
        believes the procedures followed in preparing these condensed consolidated
        financial statements are reasonable, the accuracy of the amounts are in some
        respects dependent upon the facts that will exist, and the procedures that
        will
        be accomplished by the Company later in the year.
 
 The
        management of the Company believes that the accompanying unaudited condensed
        consolidated financial statements contain all adjustments including normal
        recurring adjustments necessary to present fairly the operations, changes
        in
        stockholders’ (deficit), and cash flows for the period presented.
 
 Capital
        Solutions I, Inc., “CSI” (formerly Vacation Ownership Marketing, Inc.) (the
“Company”) was incorporated in Delaware as Magnum Communications Corp in 1969.
        It changed names to its present name on May 10, 2004. Before changing its
        name
        to Capital Solutions I, Inc. they changed to Vacation Ownership Marketing,
        Inc.
        Coinciding with the name change, the Company did not change its business
        structure, which was the development and marketing of time-shared condominiums,
        which it continued until 1983. During the year 1983, the Company experienced
        financial difficulties and encountered adverse litigation. The Company’s charter
        expired until May 7, 2000, when a certificate of renewal was
        issued.
  **6**
 **CAPITAL
          SOLUTIONS I,**INC**.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          (CONTINUED)**
 **FEBRUARY
          28, 2007 AND 2006**
 **NOTE
                1 -**
              **ORGANIZATION
                  (CONTINUED)**
 
 On
        January 21, 2004, the Company took the following actions in lieu of an annual
        meeting of the stockholders pursuant to Section 228 of the Delaware General
        Corporation Law: re-election of directors; the Company increased its authorized
        common stock from 50,000,000 to 1,000,000,000 shares; the ratification of
        the
        issuance of common stock; the ratification of the assignment of Encore Builders
        common stock; and the approval of the Amended and Restated Articles of
        Incorporation. An Amended and Restated Certificate of Incorporation was filed
        with the Secretary of State on January 22, 2004.
 
 As
        of May
        10, 2004, the Company merged with Vacation Ownership Marketing, Inc. A 1:50
        reverse stock split of the company’s common stock became effective. As a result
        of the reverse stock split, Vacation Ownership Marketing, Inc. changed its
        name
        to Capital Solutions I, Inc. “the Company”. The stock split decreased the issued
        and outstanding common stock from 61,110,595 to 1,222,005. Capital Solutions
        I,
        Inc. had no assets or liabilities. After the consummation of the merger,
        Capital
        Solutions I, Inc. will cease to exist. Additionally, the authorized shares
        of
        common stock increased from 1 billion to 20 billion and the authorized shares
        of
        preferred stock increased from 10 million to 200 million. The par value of
        the
        common stock and preferred stock authorized was reduced from $.001 par value
        per
        share to $.0000001 par value per share. The Company does not believe the
        merger
        will have any effect on the Company of its finances other than the amendment
        and
        restatement of the Company’s Certificate of Incorporation.
 
 On
        June
        17, 2005 the Company took the following actions in lieu of an annual meeting
        of
        the stockholders pursuant to Section 228 of the Delaware General Corporation
        Law: the Company decreased its authorized common stock from 20,000,000,000
        to
        900,000,000 shares; decreased its authorized preferred stock from 200,000,000
        to
        20,000,000; engaged in a 1:10 reverse stock split of its common stock,
        decreasing the Company’s issued outstanding common stock from 783,667,072 to
        78,366,672; and the approval of the Amended and Restated Articles of
        Incorporation. An amended and Restate Certificate of Incorporation was filed
        with the Delaware Secretary of State on June 17, 2005.
 
 On
        October 19, 2005, the Company took the following actions based on the Rescission
        Agreement to cancel 30,000,000 shares of common stock, which had been issued
        to
        the Bedrock Shareholders, and certain other individuals have been cancelled
        and
        returned to the treasury.
  **7**
 **CAPITAL
        SOLUTIONS I, INC.**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
        (CONTINUED)**
 **FEBRUARY
        28, 2007 AND 2006**
  **NOTE
                1 -**
              **ORGANIZATION
                  (CONTINUED**)
 
 **Principles
        of Consolidation**
 
 The
        condensed consolidated financial statements for the Nine and three months
        ended
        February 28, 2007 and 2006 include the accounts of the Company and all of
        its
        wholly-owned subsidiaries. All significant inter-company accounts and
        transactions have been eliminated in consolidation.
 
 **NOTE
                2 -**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES**
 
 **Use
        of Estimates**
 
 The
        preparation of financial statements in conformity with accounting principles
        generally accepted in the United States of America requires management to
        make
        estimates and assumptions that affect the reported amounts of assets and
        liabilities and disclosure of contingent assets and liabilities at the date
        of
        the financial statements and the reported amounts of revenues and expenses
        during the reporting period. Actual results could differ from those
        estimates.
 
 **Cash
        and Cash Equivalents**
 
 The
        Company considers all highly liquid debt instruments and other short-term
        investments with an initial maturity of three months or less to be cash or
        cash
        equivalents.
 
 The
        Company maintains cash and cash equivalent balances at several financial
        institutions, which are insured by the Federal Deposit Insurance Corporation
        up
        to $100,000.
  **Start-Up
        Costs**
 
 The
        Company adopted Statement of Position No. 98-5 (“SOP 98-5”), “Reporting the
        Costs of Start-Up Activities.” SOP 98-5 requires that all non-governmental
        entities expense the cost of start-up activities, including organizational
        costs
        as those costs are incurred.
 
 **Revenue
        and Cost Recognition**
  The
        Company records its transactions under the accrual method of accounting whereby
        income gets recognized when the services are rendered and collection is
        reasonably assured.
 
 **8**
 **CAPITAL
          SOLUTIONS I,**INC**.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          (CONTINUED)**
 **FEBRUARY
          28, 2007 AND 2006**
 **NOTE
                2 -**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES****(CONTINUED)**
 
 **Income
        Taxes**
 
 Income
        taxes are computed on the pretax loss based on the current tax law. Deferred
        income taxes are recognized for the tax consequences in future years of
        differences between the tax basis of assets and liabilities and their financial
        reporting amounts at each year-end based on enacted tax laws and statutory
        tax
        rates. All deferred tax assets that arose from the carryforward of net operating
        losses have been offset by a valuation allowance due to the uncertainty of
        the
        realization of these tax assets.
 
 **Fair
        Value of Financial Instruments**
 
 The
        carrying amounts reported in the consolidated balance sheet for cash and
        cash
        equivalents, and loan payable - related party approximate fair value because
        of
        the immediate or short-term maturity of these condensed consolidated financial
        instruments.
 
 **Earnings
        (Loss) Per Share of Common Stock**
 
 Historical
        net income (loss) per common share is computed using the weighted average
        number
        of CSI Common Stock outstanding. Diluted earnings per share (EPS) include
        additional dilution from CSI Common Stock equivalents, such as stock issuable
        pursuant to the exercise of stock options and warrants. CSI Common Stock
        equivalents were not included in the computation of diluted earnings per
        share
        when the Company reported a loss because to do so would be antidilutive for
        periods presented.
 
 **9**
 **CAPITAL
          SOLUTIONS I,**INC**.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          (CONTINUED)**
 **FEBRUARY
          28, 2007 AND 2006**
 **NOTE
                2 -**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES****(CONTINUED)**
 
 **Earnings
        (Loss) Per Share of Common Stock (Continued)**
 
 The
        following is a reconciliation of the computation for basic and diluted
        EPS:
  **February
                  28,**
              
              **February
                  28,****2007**
              
              **2006**Net
                  Income (Loss)
              
              $
              609,926
              
              $
              (48,552
              )Weighted-average
                  common sharesOutstanding
                  (Basic)
              
              
              80,139
              
              
              12,772Weighted-average
                  common stockEquivalentsStock
                  options
              
              
              -
              
              
              -Warrants
              
              
              -
              
              
              -Weighted-average
                  common sharesOutstanding
                  (Diluted)
              
              
              80,139
              
              
              12,772
  There
        are
        no options and warrants outstanding to purchase stock at February 28, 2007
        and
        2006.
  **10**
 **CAPITAL
          SOLUTIONS I,**INC**.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          (CONTINUED)**
 **FEBRUARY
          28, 2007 AND 2006**
 **NOTE
                2 -**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES****(CONTINUED)**
 
 **Recent
        Accounting Pronouncements**
 
 On
        October 3, 2001, the FASB issued Statement of Financial Accounting Standards
        No.
        144, *“Accounting
        for the Impairment or Disposal of Long-Lived Assets”* (“SFAS
        144”), that is applicable to financial statements issued for fiscal years
        beginning after December 15, 2001. The FASB’s new rules on asset impairment
        supersede SFAS 121, *“Accounting
        for the Impairment of Long-Lived Assets to be Disposed Of”,* and
        portions of Accounting Principles Board Opinion No. 30, “Reporting the Results
        of Operations.” This Standard provides a single accounting model for long-lived
        assets to be disposed of and significantly changes the criteria that would
        have
        to be met to classify an asset as held-for-sale. Classification as held-for-sale
        is an important distinction since such assets are not depreciated and are
        stated
        at the lower of fair value or carrying amount. This Standard also requires
        expected future operating losses from discontinued operations to be displayed
        in
        the period (s) in which the losses are incurred, rather than as of the
        measurement date as presently required. The Company disposed of its wholly-owned
        subsidiary Bedrock Holdings
        Corporation, Inc. during the quarter ended November 30, 2005. The loss from
        disposal of those assets was $21,000.
 
 In
        February 2006, the FASB issued SFAS No. 155, “Accounting for Certain
        Hybrid Financial Instruments, an amendment of FASB Statements No. 133 and
        140.” SFAS No. 155 resolves issues addressed in SFAS No. 133
        Implementation Issue No. D1, “Application of Statement 133 to Beneficial
        Interests in Securitized Financial Assets,” and permits fair value remeasurement
        for any hybrid financial instrument that contains an embedded derivative
        that
        otherwise would require bifurcation, clarifies which interest-only strips
        and
        principal-only strips are not subject to the requirements of SFAS No. 133,
        establishes a requirement to evaluate interests in securitized financial
        assets
        to identify interests that are freestanding derivatives or that are hybrid
        financial instruments that contain an embedded derivative requiring bifurcation,
        clarifies that concentrations of credit risk in the form of subordination
        are
        not embedded derivatives and amends SFAS No. 140 to eliminate the
        prohibition on a qualifying special-purpose entity from holding a derivative
        financial instrument that pertains to a beneficial interest other than another
        derivative financial instrument. SFAS No. 155 is effective for all
        financial instruments acquired or issued after the beginning of the first
        fiscal
        year that begins after September 15, 2006. The Company is
 
 
 **11**
 **CAPITAL
          SOLUTIONS I,**INC**.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          (CONTINUED)**
 **FEBRUARY
          28, 2007 AND 2006**
 **NOTE
                2 -**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES****(CONTINUED)**
 
 **Recent
        Accounting Pronouncements (Continued)**
 
 currently
        evaluating the effect the adoption of SFAS No. 155 will have on its
        financial position or results of operations.
 
 In
        March 2006, the FASB issued SFAS No. 156, “Accounting for Servicing of
        Financial Assets, an amendment of FASB Statement No. 140.” SFAS
        No. 156 requires an entity to recognize a servicing asset or liability each
        time it undertakes an obligation to service a financial asset by entering
        into a
        servicing contract under a transfer of the servicer’s financial assets that
        meets the requirements for sale accounting, a transfer of the servicer’s
        financial assets to a qualified special-purpose entity in a guaranteed mortgage
        securitization in which the transferor retains all of
 the
        resulting securities and classifies them as either available-for-sale or
        trading
        securities in accordance with SFAS No. 115, “Accounting for Certain
        Investments in Debt and Equity Securities” and an acquisition or assumption of
        an obligation to service a financial asset that does not relate to financial
        assets of the servicer or its consolidated affiliates. Additionally, SFAS
        No. 156 requires all separately recognized servicing assets and servicing
        liabilities to be initially measured at fair value, permits an entity to
        choose
        either the use of an amortization or fair value method for subsequent
        measurements, permits at initial adoption a one-time reclassification of
        available-for-sale securities to trading securities by entities with recognized
        servicing rights and requires separate presentation of servicing assets and
        liabilities subsequently measured at fair value and additional disclosures
        for
        all separately recognized servicing assets and liabilities. SFAS No. 156 is
        effective for transactions entered into after the beginning of the first
        fiscal
        year that begins after September 15, 2006. The Company is currently
        evaluating the effect the adoption of SFAS No. 156 will have on its
        financial position or results of operations.
 
 In
        September 2006, the FASB issued SFAS No. 157 “Fair Value
        Measurements,” which provides a definition of fair value, establishes a
        framework for measuring fair value and requires expanded disclosures about
        fair
        value measurements. SFAS No. 157 is effective for financial statements
        issued for fiscal years beginning after November 15, 2007 and interim
        periods within those fiscal years. The provisions of SFAS No. 157
        should be applied prospectively. Management is assessing the potential impact
        on
        Company’s financial condition and results of operations.
  **12**
 **CAPITAL
          SOLUTIONS I,**INC**.**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          (CONTINUED)**
 **FEBRUARY
          28, 2007 AND 2006**
 **NOTE
                  2 -**
              **SUMMARY
                  OF SIGNIFICANT ACCOUNTING POLICIES
                  (CONTINUED)**
 
 **Recent
        Accounting Pronouncements (Continued)**
 
 In
        September 2006, the FASB issued SFAS No. 158 “Employers’ Accounting
        for Defined Benefit Pension and Other Postretirement Plans”, which amends
        SFAS No. 87 “Employers’ Accounting for Pensions”
(SFAS No. 87), SFAS No. 88 “Employers’ Accounting for
        Settlements and Curtailments of Defined Benefit Pension Plans and for
        Termination Benefits” (SFAS No. 88), SFAS No. 106
“Employers’ Accounting for Postretirement Benefits Other Than Pensions”
(SFAS No. 106), and SFAS No. 132R “Employers’ Disclosures
        about Pensions and Other Postretirement Benefits (revised 2003)”
(SFAS No. 132R). This Statement requires companies to recognize an
        asset or liability for the overfunded or underfunded status of their benefit
        plans in their financial statements. SFAS No. 158 also requires the
        measurement date for plan assets and liabilities to coincide with the sponsor’s
        year end. The standard provides two
        transition alternatives related to the change in measurement date provisions.
        The recognition of an asset and liability related to the funded status provision
        is effective for fiscal year ending after December 15, 2006 and the change
        in measurement date provisions is effective for fiscal years ending after
        December 15, 2008. This pronouncement has no effect on the Company at this
        time.
 
 **NOTE
                3 -**
              **STOCKHOLDERS’
                  EQUITY**
 
 There
        were no stock transactions for the period ended February 28, 2007.
  **13**
 
 **CAPITAL
        SOLUTIONS I, INC.**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
        (CONTINUED)**
 FEBRUARY
        28, 2007 AND 2006




**NOTE
                4 -**
              **PROVISION
                  FOR INCOME TAXES**
 
 The
        Company did not provide for income taxes in the Nine months ended February
        28,
        2007 and 2006. Additionally, the Company established a valuation allowance
        equal
        to the full amount of the deferred tax assets due to the uncertainty of the
        utilization of the operating losses in future periods.
 
 At
        February 28, 2007 and 2006, the deferred tax assets consists of the
        following:
  **2007**
                
                **2006**Deferred
                    taxes due to net operating losscarryforwards
                
                $
                165,264
                
                $
                348,242Less:
                    Valuation allowance
                
                
                (165,264
                )
                
                (348,242
                )Net
                    deferred tax asset
                
                $
                -
                
                $
                -
 Due
        to
        the uncertainty of utilizing the approximate $550,879 and $1,160,805
        in net operating losses for the Nine months ended February 28, 2007 and 2006,
        respectively, recognizing the deferred tax assets, an offsetting valuation
        allowance has been established.
 
 **NOTE
                5 -**
              **GOING
                  CONCERN**
 
 As
        shown
        in the accompanying condensed consolidated financial statements the Company
        has
        incurred capital deficits and has had net operating losses from continuing
        operations for the Nine months ended February 28, 2007 and 2006. The Company
        did
        however, with the exception of the expiration of debt totaling $629,707,
        had
        income from operations for the Nine months ended February 28, 2007. The Company
        has no revenues to support itself.
 
 In
        view
        of these matters, continuing as a going concern is dependent upon the Company’s
        ability to raise additional capital, and to secure a future business
        combination. Management believes that actions planned and presently being
        taken
        to revise the Company’s operating and financial
 
 **14**
  **NOTE
                5 -**
              **GOING
                  CONCERN (CONTINUED)**
 
 requirements
        provide the opportunity for the Company to continue as a going
        concern.
 
 The
        condensed consolidated financial statements do not include any adjustments
        that
        might result from the outcome of these uncertainties.
 
 **NOTE
                6 -**
              **EXPIRATION
                  OF DEBT**
 
 The
        Company has recognized $629,707 of income as certain debt and related costs
        expired during the quarter ending August 31, 2006. The Company had outstanding
        convertible debentures in the amount of $400,202, which matured August 27,
        2003.
        The debentures had been reported as a current liability in previous quarters.
        Under Colorado Law, these debentures along with the associated interest accrued
        and expenses of $229,505 have expired.
 
 **NOTE
                7 -**
              **LOANS
                  PAYABLE-RELATED PARTY**
 
 During
        the Nine months ended February 28, 2007 and 2006, the Company has received
        a
        total of $20,000 in the form of advances from affiliated companies either
        in the
        form of cash or through the affiliated companies payment of legal and
        professional fees on behalf of the Company.
 
 **NOTE
                8 -**
              **RELATED
                  PARTY TRANSACTIONS**
  As
        discussed in Note 7, the Company from time to time has been advanced through
        advances or through the payment of legal and professional fees from affiliated
        companies. As of February 28, 2007, the Company has outstanding amounts due
        its
        affiliates of $20,000.


**15**




**Item
              2.**
            **Management's
                Discussion and Analysis or Plan of
                Operation.**





THE
      FOLLOWING DISCUSSION SHOULD BE READ IN CONJUNCTION WITH THE COMPANY'S FINANCIAL
      STATEMENTS AND THE NOTES TO THOSE STATEMENTS AND OTHER FINANCIAL INFORMATION
      APPEARING ELSEWHERE IN THIS REPORT.





**OVERVIEW**





Capital
      Solutions I, Inc. (the “Company,” “we,” “our,” “ours” and “us”) was incorporated
      in Delaware as "Magnum Communications Corp." in 1969 and changed its name to
      Vacation Ownership Marketing, Inc. in 1980. Coinciding with the name change,
      we
      changed our business to the development and marketing of time-shared
      condominiums which continued until 1983. From 1983 until August 29, 2001, we
      were not engaged in any business. On August 29, 2001, we acquired Encore
      Builders, Inc., a construction company, through what was then a subsidiary
      of
      the Company. Beginning on August 29, 2001 we engaged in the construction of
      Conquistador Plaza Apartments in Miami, Florida, pursuant to a lump sum
      construction contract with Conquistador Plaza. These operations ceased with
      the
      separation of Encore Builders from us in the first quarter of 2002. On May
      10,
      2004 we changed our names to our present name, Capital Solutions I,
      Inc.





Management's
      plans





Our
      plan
      is to seek, investigate, and if such investigation warrants, consummate a merger
      or other business combination, purchase of assets or other strategic transaction
      (i.e. Merger) with a corporation, partnership, limited liability company or
      other business entity (a "Merger Target") desiring the perceived advantages
      of
      becoming a publicly reporting and publicly held corporation. At this time,
      we
      have no binding agreement to enter into a Merger with any specific business
      or
      company. Discussion of management's plan of operation under this caption and
      throughout this filing is purposefully general and is not meant to restrict
      our
      virtually unlimited discretion to search for and enter into potential business
      opportunities.





We
      will
      not restrict our search to any specific business, industry, or geographical
      location, and may participate in business ventures of virtually any kind or
      nature. We may seek a Merger with an entity which only recently commenced
      operations, or a developing company in need of additional funds to expand into
      new products or markets or seeking to develop a new product or service, or
      an
      established business which may be experiencing financial or operating
      difficulties and needs additional capital which is perceived to be easier to
      raise by a public company. Indeed, our most common merger candidates are often
      companies that lack the ability to conduct an IPO, or whose business industry
      is
      not well received by the investment banking community. In some instances, a
      Merger may involve entering into a transaction with a corporation which does
      not
      need substantial additional cash but which desires to establish a public trading
      market for its common stock. We may purchase assets and establish wholly-owned
      subsidiaries in various businesses or purchase existing businesses as
      subsidiaries. It is impossible to predict at this time the status of any
      business in which we may become engaged.





Selecting
      a Merger Target will be complex and involve a high degree of risk. Because
      of
      general economic conditions, rapid technological advances being made in some
      industries, and shortages of available capital, management believes that there
      are numerous entities seeking the benefits of being a publicly-traded
      corporation. Many potential Merger Targets are in industries that have
      essentially not presented well in the conventional IPO market, regardless of
      their financial success, and suffer from low initial valuations. The perceived
      benefits of being a publicly traded corporation may include facilitating or
      improving the terms on which additional equity financing may be sought,
      providing liquidity (subject to restrictions of applicable statutes and
      regulations) for the principals of a business, creating a means for providing
      incentive stock options or similar benefits to key employees, providing
      liquidity (subject to restrictions of applicable statutes and regulations)
      for
      all stockholders, and other items. Potential Merger Targets may exist in many
      different industries and at various stages of development, all of which will
      make the task of comparative investigation and analysis of such Merger Targets
      extremely difficult and complex.





**16**


We
      believe we can offer owners of Merger Targets the opportunity to acquire a
      controlling ownership interest in a public company at substantially less cost
      than is required to conduct an initial public offering. Nevertheless, we have
      not conducted any specific market research and we are not aware of statistical
      data which would support the perceived benefits of a Merger or acquisition
      transaction for the owners of a Merger Target.





In
      implementing a structure for a particular business acquisition, we may become
      a
      party to a merger, consolidation, reorganization, joint venture, or licensing
      agreement with another corporate entity. We may also seek to acquire stock
      or
      assets of an existing business. On the consummation of a transaction, it is
      probable that our present management and stockholders will no longer be in
      control of our company; In addition, our directors may, as part of the terms
      of
      the acquisition transaction, resign and be replaced by new directors without
      a
      vote of our stockholders or may sell their stock. Any terms of the sale of
      the
      shares presently held by the officers and/or directors will be also afforded
      to
      all other stockholders on similar term and conditions. Any and all such sales
      will only be made in compliance with federal and applicable state securities
      laws.





We
      anticipate that any securities issued in such any such reorganization would
      be
      issued in reliance upon exemption from registration under the applicable federal
      and state securities laws. In some circumstances, however, as negotiated element
      of a transaction, we may agree to register all or a part of such securities
      immediately after the transaction is consummated or at specified times
      thereafter. If such registration occurs, of which there can be no assurance,
      it
      will be undertaken by the surviving entity after we have successfully
      consummated a merger or acquisition and we are no longer considered a "shell"
      company. Until such time as this occurs, we will not attempt to register any
      additional securities. The issuance of substantial additional securities and
      their potential sale into the trading market which may develop in our securities
      may have a depressive effect on the value of our securities in the future,
      if
      such a market develops, of which there is no assurance.





While
      the
      actual terms of a transaction to which we may be a party cannot be predicted,
      it
      may be expected that the parties to the business transaction will find it
      desirable to avoid the creation of a taxable event and thereby structure the
      acquisition in a so-called "tax-free" reorganization under Sections 368(a)
      (1)
      or 351 of the Internal Revenue Code. In order to obtain tax-free treatment,
      it
      may be necessary for the owners of the acquired business to own 80% or more
      of
      the voting stock of the surviving entity. In such event, our stockholders would
      retain less then 20% of the issued and outstanding shares of the surviving
      entity, which would result in significant dilution in the equity of such
      holders.





We
      will
      participate in a business opportunity only after the negotiation and execution
      of appropriate written agreements, Although the terms of such agreements cannot
      be predicted, generally such agreements will require some specific
      representations and warranties by all of the parties thereto, will specify
      certain events of default, will detail the terms of closing and the conditions
      which must be satisfied by each of the parties prior to and after such closing,
      will outline the manner of bearing costs, including costs associated with our
      attorneys and accountants, will set forth remedies on default and will include
      miscellaneous other terms.





**17**


We
      do not
      intend to make any loans to any prospective acquisition or merger candidates
      or
      to unaffiliated third parties or to obtain funds in one or more private
      placements to finance the operation of any acquired business opportunity until
      such time as we have successfully consummated such a Merger, if ever. We do
      not
      intend to provide our stockholders with any complete disclosure documents,
      including audited financial statements, concerning an acquisition or merger
      candidate and its business prior to the consummation of any acquisition or
      merger transaction, so stockholders will be dependent upon the judgment of
      current management and our Board of Directors regarding the fairness of any
      transaction.





There
      can
      be no assurance that we will find a suitable Merger Target. If no such Merger
      Target is found, no return on an investment in our securities will be realized,
      and there will not, most likely, be a market for the Company's
      stock.








**RESULTS
      OF OPERATIONS**





**THREE
      MONTHS ENDED FEBRUARY 28, 2007**


**COMPARED
      TO THREE MONTHS ENDED FEBRUARY 28, 2006**





Revenues





Revenues
      were $0.00 for the three months ended February 28, 2007, as compared to $0.00
      for the three months ended February 28, 2006.





Operating
      Expenses





Operating
      expenses for the three months ended February 28, 2007 were $36 compared to
      $2,349 for the three months ended February 28, 2006.





Loss
      From Operations





Loss
      from
      operations for the three months ended February 28, 2007 was $36 compared to
      $2,349 for the three months ended February 28, 2006.





Interest
      Expense





Interest
      expense was $0 and $8,004 for the three months ended February 28, 2007 and
      2006,
      respectively. This was primarily attributable to the write off of outstanding
      debentures in the first quarter of fiscal 2007.





Net
      Loss Applicable To Common Stock





Net
      loss
      applicable to Common Stock was $36 for the three months ended February 28,
      2007,
      compared to $10,353 for the three months ended February 28, 2006. Net loss
      per
      common share was $0.00 for the three months ended February 28, 2007 and $1.07
      for the three months ended February 28, 2006.





**18**


**NINE
      MONTHS ENDED FEBRUARY 28, 2007**


**COMPARED
      TO NINE MONTHS ENDED FEBRUARY 28, 2006**





Revenues





Revenues
      were $0.00 for the nine months ended February 28, 2007, as compared to $0.00
      for
      the nine months ended February 28, 2006





Operating
      Expenses





Operating
      expenses for the nine months ended February 28, 2007 were $19,781 compared
      to
      $3,540 for the nine months ended February 28, 2006. This increase was primarily
      attributed to an increase in accounting and auditing fees.





Loss
      From Operations





Loss
      from
      operations for the nine months ended February 28, 2007 was $19,781 compared
      to
      $3,540 for the nine months ended February 28, 2006.





Interest
      Expense





Interest
      expense was $0 and $24,012 for the nine months ended February 28, 2007 and
      2006,
      respectively. This was primarily attributable to the write off of outstanding
      debentures in the first quarter of fiscal 2007.





Net
      Loss from Discontinued Operations





Net
      loss
      from discontinued operations was $0 and $21,000 for the nine months ended
      February 28, 2007 and 2006, respectively.





Other
      Income





Other
      income was $629,707 and $0 for the nine months ended February 28, 2007 and
      2006,
      respectively. The other income was the result of the write off of debentures
      payable.





Net
      Income (Loss) Applicable To Common Stock





Net
      income applicable to Common Stock was $609,926 for the nine months ended
      February 28, 2007, compared to a net loss of ($48,552) for the nine months
      ended
      February 28, 2006. Net income per common share was $7.61 for the nine months
      ended February 28, 2007 compared to a net loss per common share of ($2.16)
      for
      the nine months ended February 28, 2006.





**19**


**LIQUIDITY
      AND CAPITAL RESOURCES**





As
      of
      February 28, 2007, we had current assets consisting of cash and cash equivalents
      in the amount of $651. As of February 28, 2007, we had current liabilities
      consisting of a loan payable to a related party in the amount of
      $20,000.





During
      the nine-month period ended February 28, 2007, we generated cash from a loan
      from a related party in the amount of $20,000.





In
      connection with the plan to seek new business opportunities and/or effecting
      a
      business combination, we may seek to raise funds from the sale of restricted
      stock or debt securities. We have no agreements to issue any debt or equity
      securities and cannot predict whether equity or debt financing will become
      available at acceptable terms, if at all.





Our
      limited resources and lack of recent operating history may make it difficult
      to
      borrow funds or raise capital. Such inability to borrow funds or raise funds
      through the issuance of restricted common stock required to effect or facilitate
      a business combination may have a material adverse effect on our financial
      condition and future prospects, including the ability to complete a business
      combination. To the extent that debt financing ultimately proves to be
      available, any borrowing will subject us to various risks traditionally
      associated with indebtedness, including the risks of interest rate fluctuations
      and insufficiency of cash flow to pay principal and interest, including debt
      of
      an acquired business.





**RECENT
      ACCOUNTING PRONOUNCEMENTS**





We
      continue to assess the effects of recently issued accounting standards. The
      impact of all recently adopted and issued accounting standards has been
      disclosed in the Notes to the audited Consolidated Financial
      Statements.





**CRITICAL
      ACCOUNTING ESTIMATES**





We
      are a
      shell company and, as such, do not employ critical accounting estimates. Should
      we resume operations, we will employ critical accounting estimates and will
      make
      any disclosures that are necessary and appropriate.





**20**


**RISK
      FACTORS**





IN
      ADDITION TO OTHER INFORMATION IN THIS REPORT, YOU SHOULD CONSIDER THE FOLLOWING
      RISK FACTORS CAREFULLY. THESE RISKS MAY IMPAIR OUR OPERATING RESULTS AND
      BUSINESS PROSPECTS AS WELL AS THE MARKET PRICE OF OUR COMMON STOCK.





**RISKS
      RELATED TO OUR FINANCIAL CONDITION AND BUSINESS MODEL**





**OUR
      LIQUIDITY IS LIMITED AND WE MAY NOT**


**BE
      ABLE TO OBTAIN SUFFICIENT FUNDS TO FUND OUR BUSINESS**





Our
      cash
      is currently very limited and may not be sufficient to fund future operations.
      Although future operations are limited, we will incur expenses in maintaining
      our filing requirements in accordance with the Securities Exchange Act of 1934.
      If we are unable to raise additional capital, any future operations could be
      impeded. If we obtain additional funding, the issuance of additional capital
      stock may be dilutive to our stockholders.





**WE
      CURRENTLY HAVE NO OPERATIONS**





We
      have
      not had operations since March 20, 2002.





**IT
      MAY BE DIFFICULT TO CONSUMMATE A**


**MERGER
      OR ACQUISITION WITH A PRIVATE ENTITY**





Our
      purpose will include locating and consummating a merger or acquisition with
      a
      private entity. We anticipate the selection of a business opportunity in which
      to participate will be complex and extremely risky. We have, and will continue
      to have, little or no capital with which to provide the owners of business
      opportunities with any significant cash or other assets. However, we will be
      able to offer owners of acquisition candidates the opportunity to acquire a
      controlling ownership interest in a publicly registered company without
      incurring the cost and time required to conduct an initial public offering.
      Such
      an acquisition candidate will, however, incur significant legal and accounting
      costs in connection with an acquisition of the Company, including the costs
      of
      preparing current and periodic reports, various agreements and other
      documents.




**OTHER
      RISKS**





**OUR
      STOCK PRICE HAS DECLINED AND THE STOCK IS THINLY TRADED**





The
      trading price of our common stock has declined significantly since approximately
      October 2001. Although the stock price recovered for a short period of time
      after the June, 2005 reverse split, and again after the January, 2006 reverse
      split, it has since declined again. The market for our common stock is without
      significant volume and there can be no assurance of a change in the immediate
      future.





**21**


**PENNY
      STOCK REGULATIONS AND REQUIREMENTS FOR LOW PRICED STOCK**





The
      SEC
      adopted regulations which generally define a "penny stock" to be any non-Nasdaq
      equity security that has a market price of less than $5.00 per share, subject
      to
      certain exceptions. Based upon the price of our common stock as currently traded
      on the OTC Bulletin Board, we are subject to Rule 15g-9 under the Exchange
      Act
      which imposes additional sales practice requirements on broker-dealers which
      sell securities to persons other than established customers and "accredited
      investors." For transactions covered by this rule, a broker-dealer must make
      a
      special suitability determination for the purchaser and have received a
      purchaser's written consent to the transaction prior to sale. Consequently,
      this
      rule may have a negative effect on the ability of stockholders to sell our
      common shares in the secondary market.





**ADDITIONAL
      DEBT, CONVERTIBLE DEBT, OR EQUITY FINANCING MAY EFFECT ABILITY OF INVESTORS
      TO
      SELL COMMON STOCK**





Our
      common stock currently trades on the OTC Bulletin Board. Stocks trading on
      the
      OTC Bulletin Board generally attract a smaller number of market makers and
      a
      less active public market and may be subject to significant volatility. If
      we
      raise additional capital from the sale of common stock, the market price could
      drop and the ability of investors to sell our common stock could be
      diminished.




**ITEM
              2.**
            **DESCRIPTION
                OF PROPERTY**




Our
      principal executive offices are located at One NE First Avenue, Suite 306,
      Ocala, Florida 34470. We do not have a lease but rather shares office space
      with
      our officers and directors and we pay no rent for the leased space. We do not
      own any properties nor does we lease any other properties. We do not believe
      we
      will need to maintain an office at any time in the foreseeable future in order
      to carry out our plan of operations.





**ITEM
              3.**
            **CONTROLS
                AND PROCEDURES**





**EVALUATION
      OF DISCLOSURE CONTROLS AND PROCEDURES**





Our
      Chief
      Executive Officer and Chief Financial Officer, Christopher Astrom, has reviewed
      and evaluated the effectiveness of our disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the
      period covered by this quarterly report on Form 10-QSB. Based on that
      evaluation, Christopher Astrom determined that he and Richard Astrom, our only
      two directors and officers, are the only individuals involved in our disclosure
      process. We have no specific procedures in place for processing and assembling
      information to be disclosed in our periodic reports. Our system is designed
      so
      that information is retained by us and relayed to counsel as it becomes
      available. We currently operate as a shell corporation because we have no
      revenue, significant assets or independent operations and plan to establish
      more
      reliable disclosure controls and procedures before merging or entering into
      any
      other business combination with another company. Our Chief Executive Officer
      and
      Chief Financial Officer believe that, as of the end of the period covered by
      this report, our disclosure controls and procedures are effective to ensure
      that
      information required to be disclosed by us in the reports that it filed or
      submits under the Exchange Act is recorded, processed, summarized and reported,
      within the required time periods. Further, we believe that, given its size,
      an
      extensive disclosure controls and procedures system is not
      necessary.





Changes
      in Internal Control Over Financial Reporting





No
      significant changes in our internal control over financial reporting have come
      to management's attention during the our previous fiscal quarter that have
      materially affected, or are likely to materially affect, our internal control
      over financial reporting.





**22**


**PART
      II**


**OTHER
      INFORMATION**





**ITEM
                  1.**
                **LEGAL
                    PROCEEDINGS**





We
      are
      not a party to any pending legal proceedings nor is any of our property the
      subject of any pending legal proceedings.





**ITEM
              2.**
            **UNREGISTERED
                SALES OF EQUITY SECURITIES AND USE OF
                PROCEEDS.**





none





**ITEM
              3.**
            **DEFAULTS
                UPON SENIOR SECURITIES**







**ITEM
              4.**
            **SUBMISSION
                OF MATTERS TO A VOTE OF SECURITIES
                HOLDERS**





We
      did
      not submit any matters to a vote of our stockholders, through the solicitation
      of proxies or otherwise, during the third quarter of fiscal 2007.





**ITEM
              5.**
            **OTHER
                INFORMATION**





**GOING
      CONCERN**





We
      have
      incurred recurring operating losses and do not have any revenue generating
      activities. These conditions raise substantial doubt about our ability to
      continue as a going concern. If at any time we determine that we do not have
      sufficient cash in order to execute the foregoing strategy, then we intends
      to
      seek additional equity or other funding, if practicable. However, there can
      be
      no assurance that we will be able to raise additional funding necessary to
      operate.








**Item
              6.**
            **Exhibits**




**EXHIBIT****NUMBER**
              **DESCRIPTION**31
              Certification
                  of Principal Executive Officer and Principal Financial
                  Officer  pursuant toSarbanes-Oxley
                  Section 30232
              Certification
                  of Chief Executive Officer and Chief Financial Officer pursuant to
                  Sarbanes-Oxley
                  Section 906
 **23**


**SIGNATURES**





In
      accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
      the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.




**CAPITAL
              SOLUTIONS I, INC.**
              
              /s/
                CHRISTOPHER ASTROM
              By:
                Christopher Astrom
              CHIEF
                EXECUTIVE OFFICER
              CHIEF
                FINANCIAL OFFICER
              Date:
                April 11, 2007





In
      accordance with the Exchange Act, this report has been signed below by the
      following persons on behalf of the registrant and in the capacities and on
      the
      dates indicated:




/s/
              CHRISTOPHER ASTROM
              By:
                Christopher Astrom
              Director
              Date:
                April 11, 2007
              
              /s/
                RICHARD ASTROM
              By:
                Richard Astrom
              Director
              Date:
                April 11, 2007










24