---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-QSB

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

For the quarterly period ended March 31, 2007

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

For the transition period from _______ to _______

Commission File Number: 000-30695

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

|NEVADA                                                               | 87-0618509                       
|-------------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (IRS Employer Identification No.)

2610-1066 West Hastings St., Vancouver, British Columbia,
Canada V6E 3X2(Address of principal executive offices)

604-684-4691(Issuer's telephone number)

Not Applicable(Former name, if changed since
last report)

Check whether the issuer (1) filed all reports required to be
filed by Section 13 or 15(d) of the Exchange Act 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 registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [   ] No
[X]

State the number of shares outstanding of each of the issuer's
classes of common equity, as of the latest practicable date:
20,702,375 shares of Common Stock as of March 10, 2007

Transitional Small Business Disclosure Format (Check one): Yes
[   ] No [X]

---

PART I

Item
1.              
 Financial Statements

The following unaudited consolidated interim financial
statements of Arvana Inc. are included in this Quarterly Report on Form 10-QSB:

PageConsolidated
      Balance Sheets at March 31, 2007 and December 31, 2006
    F-1Consolidated
      Statements of Operations for the three months ended March 31, 2007 and
      2006
    F-2Consolidated
      Statements of Cash Flows for the three months ended March 31, 2007 and
      2006
    F-3Consolidated
      Statement of Stockholders Equity for the three months ended March 31, 2007
    F-4Notes
      to Consolidated Financial Statements
    F-5


- 2 -

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ARVANA INC.CONSOLIDATED BALANCE SHEETS
(EXPRESSED IN US DOLLARS) (UNAUDITED)

|                                                                                       |   |             |   |   | (Audited)    |  
|-------------------------------------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                                                       |   | March 31,   |   |   | December 31, |  
|                                                                                       |   | 2007        |   |   | 2006         |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       |   |             |   |   |              |  
|ASSETS                                                                                 |   |             |   |   |              |  
|                                                                                       |   |             |   |   |              |  
|Current                                                                                |   |             |   |   |              |  
|Cash and cash equivalents                                                              | $ | 440,664     |   | $ | 233,452      |  
|Receivables (net of
      allowance of $18,170, December 31, 2006 $32,355)             |   | 1,735,998   |   |   | 1,676,177    |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       |   | 2,176,662   |   |   | 1,909,629    |  
|Long-term                                                                              |   |             |   |   |              |  
|Property and equipment
      (Note 3)                                                  |   | 679,157     |   |   | 730,686      |  
|Subscriber accounts                                                                    |   | 2,605,499   |   |   | 2,605,499    |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       | $ | 5,461,318   |   | $ | 5,245,814    |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       |   |             |   |   |              |  
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                   |   |             |   |   |              |  
|                                                                                       |   |             |   |   |              |  
|Current                                                                                |   |             |   |   |              |  
|Accounts payable and accrued
      liabilities                                         | $ | 3,050,115   |   | $ | 3,018,784    |  
|Note payable                                                                           |   | 329,815     |   |   | 329,815      |  
|Amounts due to related parties (Note 4)                                                |   | 88,973      |   |   | 47,551       |  
|Loan Payable                                                                           |   | 200,595     |   |   | -            |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       |   | 3,669,498   |   |   | 3,396,150    |  
|                                                                                       |   |             |   |   |              |  
|Long-term                                                                              |   |             |   |   |              |  
|Deferred income taxes                                                                  |   | 55,782      |   |   | 59,159       |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       |   | 3,725,280   |   |   | 3,455,309    |  
|                                                                                       |   |             |   |   |              |  
|Commitments (Note 7)                                                                   |   |             |   |   |              |  
|                                                                                       |   |             |   |   |              |  
|Stockholders' equity                                                                   |   |             |   |   |              |  
|Common stock (Note 5)                                                                  |   |             |   |   |              |  
|100,000,000 common
      shares authorized at $0.001 par value;                        |   |             |   |   |              |  
|20,702,375 common shares issued and outstanding (December 31, 2006 -
      20,718,375) |   | 20,703      |   |   | 20,719       |  
|Additional paid-in capital                                                             |   | 20,623,801  |   |   | 20,160,185   |  
|Deficit                                                                                |   | (18,850,993 | ) |   | (18,330,869  | )
|Accumulated other comprehensive loss                                                   |   | (57,473     | ) |   | (59,530      | )
|                                                                                       |   |             |   |   |              |  
|                                                                                       |   | 1,736,038   |   |   | 1,790,505    |  
|                                                                                       |   |             |   |   |              |  
|                                                                                       | $ | 5,461,318   |   | $ | 5,245,814    |  

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

---

ARVANA INC.CONSOLIDATED STATEMENTS OF OPERATIONS
(EXPRESSED IN US DOLLARS) (UNAUDITED)

|                                                           |   | For the
      three months ended |  
|---------------------------------------------------------- | - | -------------------------------- | -
|                                                           |   | March 31,                        |  
|                                                           |   | 2007                             |  
|                                                           |   |                                  |  
|Sales                                                      | $ | 1,716,220                        |  
|Cost of sales                                              |   | (1,294,987                       | )
|Gross profit                                               |   | 421,233                          |  
|Operating expenses                                         |   |                                  |  
|Selling and promotion                                      |   | (4,864                           | )
|General and administrative                                 |   | (398,819                         | )
|Research and development                                   |   | -                                |  
|Depreciation                                               |   | (50,763                          | )
|Operating loss                                             |   | (33,213                          | )
|Other items                                                |   |                                  |  
|Stock-based compensation
      (Note 5)                    |   | (463,600                         | )
|Loss on write-off of equipment                             |   | (10,059                          | )
|Other income                                               |   | 38,961                           |  
|Net loss before income taxes                               |   | (467,911                         | )
|Income taxes                                               |   | (52,213                          | )
|Net loss for the
      period                              | $ | (520,124                         | )
|Other comprehensive gain                                   |   | 2,057                            |  
|Comprehensive
      loss for the period                    | $ | (518,067                         | )
|                                                           |   |                                  |  
|Loss per share
      - basic and diluted                   | $ | (0.03                            | )
|                                                           |   |                                  |  
|Weighted average
      number of common shares outstanding |   | 20,705,219                       |  

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

---

ARVANA INC.CONSOLIDATED STATEMENTS OF CASH FLOWS
(EXPRESSED IN US DOLLARS) (UNAUDITED)

|                                                             |   | For the
      three months ended |  
|------------------------------------------------------------ | - | -------------------------------- | -
|                                                             |   | March 31,                        |  
|                                                             |   | 2007                             |  
|                                                             |   |                                  |  
|                                                             |   |                                  |  
|Cash flows from operating activities                         |   |                                  |  
|Net loss for the period                                      | $ | (520,124                         | )
|                                                             |   |                                  |  
|Items not involving cash:                                    |   |                                  |  
|Depreciation
      and amortization                          |   | 50,763                           |  
|Stock-based compensation                                     |   | 463,600                          |  
|Loss
      on write-off of equipment                         |   | 10,059                           |  
|Deferred income taxes                                        |   | (3,377                           | )
|Changes in non-cash working
      capital:                   |   |                                  |  
|Receivables                                                  |   | (59,821                          | )
|Accounts
      payable and accrued liabilities               |   | 118,255                          |  
|Amounts received from
      (repaid to) related parties      |   | (45,593                          | )
|                                                             |   |                                  |  
|Net cash provided by (used in) operations                    |   | 13,762                           |  
|                                                             |   |                                  |  
|Cash flows from investing activities                         |   |                                  |  
|Acquisition of equipment                                     |   | (9,293                           | )
|                                                             |   |                                  |  
|Net cash used in investing
      activities                  |   | (9,293                           | )
|                                                             |   |                                  |  
|Cash flows from financing activities                         |   |                                  |  
|Proceeds of loan payable                                     |   | 200,595                          |  
|                                                             |   |                                  |  
|Net cash provided by financing activities                    |   | 200,595                          |  
|                                                             |   |                                  |  
|Effect of exchange rate changes on cash and cash equivalents |   | 2,148                            |  
|                                                             |   |                                  |  
|Increase (decrease) in cash and cash equivalents             |   | 207,212                          |  
|                                                             |   |                                  |  
|Cash and cash equivalents, beginning of period               |   | 233,452                          |  
|                                                             |   |                                  |  
|Cash and cash
      equivalents, end of period               | $ | 440,664                          |  
|                                                             |   |                                  |  
|Supplementary information                                    |   |                                  |  
|Interest paid                                                | $ | 893                              |  
|Taxes
      Paid                                             | $ | 161                              |  

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

---

ARVANA,INC. ANDSUBSIDIARIESCONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
(EXPRESSED IN US DOLLARS) (UNAUDITED)

Common
        Stock
      
      
      
      
      
      
      
      
      AccumlatedAdditional
      
      
      
      
      
      other
      
      
      TotalPaid-in
      
      
      
      
      
      comprehensive
      
      
      Stockholders'Shares
      
      
      Amount
      
      
      Capital
      
      
      Deficit
      
      
      loss
      
      
      EquityBalance December 31, 2006
      20,718,375
      
      $
      20,719
      
      $
      20,160,185
      
      $
      (18,330,869
      )
      $
      (59,530
      )
      $
      1,790,505Return and cancellation
        of common stock
      (16,000
      )
      
      (16
      )
      
      16
      
      
      -
      
      
      -
      
      
      -Net operating loss for the three months
        ended March 31, 2007
      -
      
      
      -
      
      
      -
      
      
      (520,124
      )
      
      -
      
      
      (520,124
      )Foreign currency translation
        adjustment
      -
      
      
      -
      
      
      -
      
      
      -
      
      
      2,057
      
      
      2,057Stock-based compensation
      -
      
      
      -
      
      
      463,600
      
      
      -
      
      
      -
      
      
      463,600Balance March 31, 2007
      20,702,375
      
      
      20,703
      
      
      20,623,801
      
      
      (18,850,993
      )
      
      (57,473
      )
      
      1,736,0387,267,660


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

---

|ARVANA INC.                                       
|--------------------------------------------------
|NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
|Three Months Ended March 31, 2007 and 2006        
|(expressed in US dollars)                         
|(Unaudited)                                       
|                                                  

1.Nature of Business and Ability to Continue
as a Going Concern

Arvana Inc., (the Company) was incorporated under the laws of
the State of Nevada as Turinco, Inc. on September 16, 1977, with authorized
common stock of 2,500 shares with a par value of $0.25. On October 16, 1998, the
authorized capital stock was increased to 100,000,000 shares with a par value of
$0.001. On July 24, 2006, the shareholders approved a change of the Companys
name from Turinco, Inc. to Arvana Inc.

In 1998, the Company completed a common stock split of eight
shares for each outstanding share. In 2005, the Company completed another common
stock split of nine shares for each outstanding share. These consolidated
financial statements have been prepared showing after stock split shares with a
par value of $0.001.

The Company was inactive from 1982 until 2005, during which
time the Company was evaluating potentially profitable business opportunities.
In 2005, the Company decided to enter into the business of providing VoIP
telephone services. In August 2006 the Company acquired a company in Germany,
BCH Beheer and its wholly-owned subsidiary Hallotel Deutschland GmbH, which is
in the business of long distance carrier pre-select and wholesale carrier
business carrying traffic to Turkey.

These consolidated interim financial statements for the
three-month period ended March 31, 2007 include the accounts of the Company, its
subsidiary Arvana Networks (including its wholly-owned subsidiaries Arvana Par
and Arvana Comunicações do Brasil S. A. (Arvana Com) and BCH Beheer (and its
wholly-owned subsidiary Hallotel Deutschland GmbH). These financial statements
have been prepared on a going concern basis, which assumes the realization of
assets and settlement of liabilities in the normal course of business. For the
period ended March 31, 2007, the Company incurred a loss from operations of
$520,124 and while it has a positive cash flow from operations for the period
ended March 31, 2007 it has incurred significant operating losses and net
utilization of cash in operations in all prior periods. At March 31, 2007, the
Company had a working capital deficiency of $1,492,836. These conditions raise
substantial doubt about the Companys ability to continue as a going concern.

Accordingly, the Company will require continued financial
support from its shareholders and creditors until it is able to generate
sufficient cash flow from operations on a sustained basis. There is substantial
doubt that the Company will be successful at achieving these results. Failure to
obtain the ongoing support of its shareholders and creditors may make the going
concern basis of accounting inappropriate, in which case the Companys assets
and liabilities would need to be recognized at their liquidation values These
financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts and classification
of liabilities that might arise from this uncertainty.

2.Summary of Significant Accounting Policies

(a)Basis of presentation

The Company began to generate revenues as a result of the
acquisition of its German subsidiary during the final four months of 2006. In
2007 Company commenced its planned principal operations and determined its
target market segments and market strategies. Consequently, the Company exited
the development stage during the three months ended March 31, 2007. The
Companys fiscal year end is December 31. The accompanying consolidated interim
financial statements of Arvana Inc. have been prepared in accordance with
accounting principles generally accepted in the United States for interim
financial information with the instructions to Form 10-QSB and Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by the accounting principles generally accepted in the United States for
complete financial statements. Although they are unaudited, in the opinion of
management, they include all adjustments, consisting only of normal recurring
items, necessary for a fair

- 3 -

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|ARVANA INC.                                       
|--------------------------------------------------
|NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
|Three Months Ended March 31, 2007 and 2006        
|(expressed in US dollars)                         
|(Unaudited)                                       
|                                                  

2. Summary of Significant Accounting Policies cont

presentation. Results are not necessarily indicative of results
which may be achieved in the future. The consolidated financial statements and
notes appearing in this report should be read in conjunction with the Company's
consolidated audited financial statements and related notes thereto, together
with Management's Discussion and Analysis of Financial Condition and Results of
Operations, contained in the Company's Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2006, as filed with the Securities and Exchange
Commission (the SEC) on April 16, 2007 (file no. 000-30695).

(b)Basis of consolidation

The consolidated financial statements include the accounts of
the Company, its subsidiary Arvana Networks (including its wholly-owned
subsidiary Arvana Par, Arvana Com and BCH Beheer (and its wholly-owned
subsidiary Hallotel Deutschland GmbH). All significant inter-company
transactions and balances have been eliminated.

(c)Property and equipment:

Property and equipment is stated at cost less accumulated
depreciation and is depreciated on a straight line basis, commencing when the
assets are put into use over the estimated useful lives of the assets as
follows:

Machinery & equipment
    10 yearsOffice equipment
    3  5 yearsComputer hardware
    5 yearsSoftware
    1  4 years


(d)Impairment of long-lived assets and
long-lived assets to be disposed of:

Long-lived assets are reviewed for impairment whenever events
or changes in circumstances indicate that the carrying amount of an asset may
not be recoverable. Recoverability of assets to be held and used is measured by
a comparison of the carrying amount of an asset to future net cash flows
expected to be generated by the asset. If such assets are considered to be
impaired, the impairment to be recognized is measured by the amount by which the
carrying amount of the assets exceeds the fair value of the assets. Assets to be
disposed of are reported at the lower of the carrying amount and the fair value
less costs to sell. The Company has reviewed its long-lived assets and has
determined that no impairment charges were necessary for the period ended March
31, 2007.

(e)Stock-based compensation

The Company accounts for all stock-based payments to employees
and non-employees using the fair value based method. Under the fair value
method, stock-based payments are measured at the fair value of the consideration
received, or the fair value of the equity instruments issued, or liabilities
incurred, whichever is more reliably measurable. The cost of stock-based
payments to non-employees that are fully vested and non-forfeitable at the grant
date is measured and recognized at that date.

(f)Net loss per share

Basic loss per share is computed using the weighted average
number of common shares outstanding during the year. Diluted loss per share is
computed using the weighted average number of common shares and potentially
dilutive common stock equivalents, including stock options and warrants. As at
March 31, 2007, the Company had 1,600,000 of potentially dilutive instruments
that were excluded from the determination of diluted loss per share as they
would be anti-dilutive.

- 4 -

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|ARVANA INC.                                       
|--------------------------------------------------
|NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
|Three Months Ended March 31, 2007 and 2006        
|(expressed in US dollars)                         
|(Unaudited)                                       
|                                                  

3.Property and Equipment

| | At March 31, 2007 |   |           |  |   |              |  |   |         | 
| | ----------------- | - | --------- |  | - | ------------ |  | - | ------- | 
| |                   |   |           |  |   |              |  |   |         | 
| |                   |   |           |  |   | Accumulated  |  |   | Net     | 
| |                   |   |           |  |   |              |  |   | Book    | 
| |                   |   | Cost      |  |   | Amortization |  |   | Value   | 
| |                   |   |           |  |   |              |  |   |         | 
| | Equipment         | $ | 309,835   |  | $ | 129,310      |  | $ | 180,525 | 
| | Computer hardware |   | 705,198   |  |   | 289,950      |  |   | 415,248 | 
| | Software          |   | 108,694   |  |   | 25,310       |  |   | 83,384  | 
| |                   |   |           |  |   |              |  |   |         | 
| |                   | $ | 1,123,727 |  | $ | 444,570      |  | $ | 679,157 | 

The Company has not taken amortization
on equipment if utilization of the equipment has not yet begun. The net carrying
amount of equipment not being amortized was $101,037 as of March 31, 2007.

| | At December 31,
      2006 |   |         |  |   |              |  |   |         | 
| | -------------------------- | - | ------- |  | - | ------------ |  | - | ------- | 
| |                            |   |         |  |   |              |  |   |         | 
| |                            |   |         |  |   | Accumulated  |  |   | Net     | 
| |                            |   |         |  |   |              |  |   | Book    | 
| |                            |   | Cost    |  |   | Amortization |  |   | Value   | 
| |                            |   |         |  |   |              |  |   |         | 
| | Equipment                  | $ | 205,099 |  | $ | 16,284       |  | $ | 188,815 | 
| | Computer hardware          |   | 502,667 |  |   | 52,797       |  |   | 449,870 | 
| | Software                   |   | 94,237  |  |   | 2,236        |  |   | 92,001  | 
| |                            |   |         |  |   |              |  |   |         | 
| |                            | $ | 802,003 |  | $ | 71,317       |  | $ | 730,686 | 

The net carrying amount of equipment
not being amortized was $111,096 as at December 31, 2006.

4.Related Parties

On February 20, 2007, the Company received an unsecured, 6%
interest per annum loan from Valor Invest Ltd, a shareholder of the Company in
the amount of 150,000 Euros ($200,595 USD). This loan will be repaid on closing
of any financing arrangement by Arvana Inc., or on or before July 1, 2007,
whichever occurs sooner.

At March 31, 2007 Arvana Inc. had amounts due to related
parties in the amount of $88,973 (December 31, 2006 $47,551). This amount
includes $47,400 (December 31, 2006 $35,000) payable to three directors for
services rendered during the quarter. This amount is to be paid part in cash and
part in stock at a future date with the number of common shares determined by
the fair value of the shares on the settlement date. The amounts owing bear no
interest and are unsecured.

For the three-month period ended March 31, 2007, $10,322 (March
31, 2006 $NIL) was incurred by the Company for services rendered by the Acting
Chief Financial Officer and Corporate Secretary of the Company. At March 31,
2007, $17,322 (December 31, 2006 $17,200) was owed to the Acting Chief Financial
Officer and Corporate Secretary and $24,251 (December 31, 2006 $24,080) was owed
to the former President / Chief Executive Officer. The amounts owing bear no
interest and are unsecured.

- 5 -

---

|ARVANA INC.                                       
|--------------------------------------------------
|NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
|Three Months Ended March 31, 2007 and 2006        
|(expressed in US dollars)                         
|(Unaudited)                                       
|                                                  

5.Stockholders Equity

During the period the Company cancelled and returned to
treasury 16,000 common shares at a par value of $0.001 per share.

The Company follows SFAS No. 123R, Accounting for Stock-Based
Compensation, in accounting for stock-based employee compensation plans and
transactions in which an entity issued its equity instruments to acquire goods
or services from non-employees. Where the fair value of equity instruments
issued in connection with the provision of goods or services or the issuance of
share capital is more reliably measurable than the fair value of the
consideration received, the transaction is accounted for based on the fair value
of the equity instruments issued and the difference between the fair value and
recorded value of the transaction is recorded as stock-based compensation
expense.

The Company has a stock option plan in place under which it is
authorized to grant options to executive officers and directors, employees and
consultants enabling them to acquire up to 10% of the issued and outstanding
common stock of the Company. Under the plan, the exercise price of each option
equals the market price of the Company's stock as calculated on the date of
grant. The options can be granted for a maximum term of 10 years. On June 5,
2006, the Company granted 1,600,000 stock options to its directors and
employees. Each option is exercisable into one common share until December 31,
2009 at an exercise price of $1.25. The options were valued at $1,424,000 using
the Black-Scholes model, which will be expensed over the vesting period of the
options. The Company recorded an expense of $463,600 in the three months ended
March 31, 2007 for the pro-rated portion of the full charge.

As at March 31, 2007, the following incentive stock options are
outstanding:

|Number     | Exercise |                  
|---------- | -------- | -----------------
|of options | Price    | Expiry
      Date
|           |          |                  
|1,600,000  | $ 1.25   | December 31, 2009

Stock option transactions and the number of share options
outstanding are summarized as follows:

|                                              |  |                  |  |   | Weighted | 
|--------------------------------------------- |  | ---------------- |  | - | -------- | 
|                                              |  |                  |  |   | Average  | 
|                                              |  | Number           |  |   | Exercise | 
|                                              |  | of
      Options |  |   | Price    | 
|                                              |  |                  |  |   |          | 
|Balance, December 31, 2006                    |  | 1,600,000        |  | $ | 1.25     | 
|Options granted                               |  | -                |  |   | -        | 
|Options expired                               |  | -                |  |   | -        | 
|Options exercised                             |  | -                |  |   | -        | 
|                                              |  |                  |  |   |          | 
|Balance, March
      31, 2007                 |  | 1,600,000        |  | $ | 1.25     | 
|                                              |  |                  |  |   |          | 
|Number of options
      currently exercisable |  | 533,333          |  | $ | 1.25     | 

- 6 -

---

|ARVANA INC.                                       
|--------------------------------------------------
|NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
|Three Months Ended March 31, 2007 and 2006        
|(expressed in US dollars)                         
|(Unaudited)                                       
|                                                  

6.Segmented Information

The Company has one reportable segment, being the development
of the telephone services. This reportable segment was determined based on the
nature of the products offered. Of the total property and equipment, $927
(December 31, 2006 $81,262) is located in Canada, $30,837 (December 31, 2006
$30,837) is located in Brazil and $647,392 (December 31, 2006 $618,587) is
located in Germany.

7.Commitments

The Company has the following commitments:

|                        |   | 2007   |  |   | 2008   |  |   | 2009   |  |   | 2010  | 
|----------------------- | - | ------ |  | - | ------ |  | - | ------ |  | - | ----- | 
|Software platform lease | € | 11,142 |  | € | 14,856 |  | € | 10,523 |  | € | -     | 
|Vehicle leases          |   | 24,480 |  |   | 32,640 |  |   | 27,410 |  |   | 4,860 | 
|Office lease            |   | 13,410 |  |   | 1,490  |  |   | -      |  |   | -     | 
|                        |   |        |  |   |        |  |   |        |  |   |       | 
|Total in euros          | € | 49,032 |  | € | 48,986 |  | € | 37,933 |  | € | 4,860 | 

- 7 -

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

In this Quarterly Report:

|(i)  | references to we, us, our, or the Company refer
      to Arvana Inc. (formerly, Turinco Inc.) and our wholly-owned subsidiaries,
      namely:
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                       
|     | •                                                                                                                                                     
|     |                                                                                                                                                       
|     | •                                                                                                                                                     
|     |                                                                                                                                                       
|(ii) | all dollar amounts are expressed in United States
      dollars, unless otherwise indicated.                                                          

You should read the following discussion and analysis of our
financial condition, results of operations and plan of operations together with
the interim consolidated financial statements and notes to the interim
consolidated financial statements included in this Quarterly Report, as well as
our most recent annual report Form 10-KSB for the year ended December 31, 2006
and current reports on Form 8-K.

Forward-Looking Statements

The information in this Quarterly Report on Form 10-QSB
contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements involve risks and
uncertainties, including statements regarding our capital needs, business plans
and expectations. Such forward-looking statements involve risks and
uncertainties regarding the our planned VoIP business, availability of funds,
government regulations, common share prices, operating costs, capital costs, our
ability to deploy our planned business and generate revenues and other factors.
Any statements contained herein that are not statements of historical facts may
be deemed to be forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may", "will", "should",
"expect", "plan", "intend", "anticipate", "believe", "estimate", "predict",
"potential" or "continue", the negative of such terms or other comparable
terminology. These statements are based on certain assumptions and analyses made
by our management in light of its experience and its perception of historical
trends, current conditions and expected future developments as well as other
factors they believe are appropriate in the circumstances. Actual events or
results may differ materially. In evaluating these statements, you should
consider various factors, including the risks outlined below, and, from time to
time, in other reports we file with the SEC. These factors may cause our actual
results to differ materially from any forward-looking statement. We disclaim any
obligation to publicly update these statements, or disclose any difference
between its actual results and those reflected in these statements. Given these
uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements.

- 8 -

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Overview

We are engaged in the telecommunications industry through our
Hallotel subsidiary. Hallotel is a German based telecommunications service
provider that is focused on the provision of long distance telephone calls
between Germany, Austria, Switzerland and Turkey. Hallotel has been in
operations since August, 2000, and was acquired by us on August 23, 2006.

Business of Hallotel

Hallotel, a company based in Frankfurt, Germany, was organized
under the laws of Germany in August, 2000 and is a telecommunications service
provider focused on the provision of long distance telephone calls between
Germany, Austria, Switzerland and Turkey. Hallotels switching facilities and
agreements with the incumbent carriers enable its customers to call between
cities within Germany and to international destinations. Hallotels marketing
efforts and rate structures are designed to be attractive to those customers
that are likely to call frequently between countries and specifically between
Germany, Russia and Turkey. As an example, Hallotel focuses on generating
revenues by marketing to members of the Turkish community living in Germany who
make frequent calls to their families and friends in Turkey.

The services provided by Hallotel are comprised primarily of
the following:

Carrier Pre-Select:

Carrier Pre-Select (CPS) is a service
that allows the customer to route their outgoing calls using Hallotels network.
There is no installation or programming of equipment required and the customer
does not have to dial a code to activate the service. CPS gives the customer
access to competitive call rates because Hallotel is free to negotiate wholesale
deals with different network providers and to make use of cost effective VoIP
technology and the Internet whenever appropriate.

Call By Call
Pre-Select:

Call by call pre-select service is
provided in essentially the same manner as CPS described above, except that the
customer does not need to authorize the change of long distance access to one of
Hallotels carrier partners. Call by call pre-select allows the customer to
choose Hallotels long distance service and benefit from competitive rates at
any time and for any particular call and the customer can choose on a call by
call basis. The customer initially establishes an account with Hallotel and may
then make long distance calls at any time by using a pre-select code ahead of
all routing and called-party numbers.

Wholesale Carrier
Services:

Hallotel has established agreements
with certain other telecommunications service providers whereby Hallotel will
accept long distance telephone traffic from these wholesale carriers and provide
terminations in Germany and Turkey.

Calling Cards:

Hallotel is in the process of producing
calling cards to be distributed to a network of resellers in Austria and
Germany. A calling card user can call a toll free number to make long distance
calls to destinations throughout the world. Hallotel will market these cards
with promotional offers and calling rates that are particularly attractive for
those customers that call Turkey frequently and who are looking for reliability,
quality and competitive pricing. All such calling cards are prepaid.

- 9 -

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Our Plan of Operations

Our present plan of operation for the next twelve months is to
focus on continuing and expanding the business of Hallotel. Since completion of
the acquisition of Hallotel, we have been working with the management of
Hallotel in order to develop and define our plan of operations for Hallotel. We
are presently not pursuing the Arvana Networks business in Brazil.

We anticipate that this plan of operations may include the
following objectives, subject to our achieving additional financing:

VoIP Services

Hallotel intends to launch VoIP services specifically targeted
to immigrant communities and small and medium sized enterprises which operate
multi-nationally. Hallotel is negotiating agreements with broad band suppliers
to provide high speed data services which will then be bundled with voice over
internet protocol (VoIP) telephony services. The combined package will be priced
at an attractive rate when compared to buying the services separately, and will
provide discounted or unlimited calling on a zone basis as selected by the
customer e.g. unlimited calling within Germany, or specific groups of countries
within the EEC, and Eastern Europe.

Hallotel is now testing the software and equipment to deploy
VoIP across Germany and is negotiating agreements with resellers and
distributors to launch service in the second quarter of 2007.

Wholesale Carrier Services

This continues to present significant opportunities and
Hallotel is expanding capacity through additional equipment purchases. The
Company has an ongoing objective to negotiate wholesale termination rates with
countries that have large immigrant populations in Germany, and neighbouring
countries such as Austria and Switzerland. These include Eastern and
Southeastern Europe, the Middle East and Central Asia.

As discussed further below, we are presently not able to
achieve our plan of operations without additional financing. Our board of
directors has considered how to allocate any new financing that we achieve
between our plan of operations for Arvana Networks and expansion of the Hallotel
business. The evaluation resulted in a determination to significantly scale back
our plan of operations for Arvana Networks and our Internet telephony business.

We anticipate spending approximately $3,000,000 to $4,000,000
to proceed with our plan of operations over the next twelve months. Based on our
planned expenditures, we will require a minimum of $3,000,000 in additional
financing in order to complete this plan of operations. Also, we anticipate that
we will require additional financing in order to pursue development of
partnerships and opportunities in Internet telephony that are over and above our
plans for Europe and other countries.

If we achieve less than the full amount of financing that we
require we will scale back our development and expansion plans based on our
available financial resources.

We believe that debt financing will not be an alternative for
funding additional phases of our business development as we do not have tangible
assets to secure any debt financing. We anticipate that additional funding will
be in the form of equity financing from the sale of our common stock. However,
we do not have any financing arranged and we cannot provide investors with firm
assurance that we will be able to raise sufficient funding from the sale of our
common stock to fund our plan of operations.

- 10 -

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Additional Acquisitions and New Business Opportunities

We plan to consider and evaluate prospective acquisitions and
new business opportunities in the Internet telephony businesses which would
offer us the ability to deploy Internet telephone solutions and develop and
expand our customer base and business. We anticipate that our determination to
pursue any prospective acquisitions or new business opportunities will be
contingent upon our achieving additional financing, of which there is no
assurance.

Critical Accounting Policies

Critical accounting policies are those that management believes
are both most important to the portrayal of the Companys financial condition
and results of operations and that require difficult, subjective, or complex
judgements, often as a result of the need to make estimates about the effects of
matters that involve uncertainty.

We believe that the critical accounting policies that we use
in the preparation of our financial statements are as follows:

a)Estimates

The preparation of consolidated financial statements in
conformity with U.S. generally accepted accounting principles 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.

b)Foreign currency
translation and transactions

Our functional currency is the United States dollar.

We use the temporal method when translating the Brazilian
subsidiary operations. Long-term assets and liabilities denominated in a foreign
currency are translated into US dollars at the exchange rate in effect on the
transaction date. Revenue and expenses are translated at the average rates of
exchange prevailing during the periods. The cumulative effects of these
translation adjustments were included in administration expenses as they were
insignificant.

We use the current rate method when translating the German
subsidiary operations. All assets and liabilities denominated in a foreign
currency are translated into US dollars at the exchange rate in effect on the
balance sheet date. Revenue and expenses are translated at the average rates of
exchange prevailing during the periods. The cumulative effects of these
translation adjustments are presented as a component of comprehensive income.

Transactions conducted in foreign currencies are recorded using
the exchange rate in effect on the transaction date. At the period end, monetary
assets and liabilities are translated to the functional currency of each entity
using the exchange rate in effect at the period end date. Transaction gains and
losses are recorded in foreign exchange gain or loss in administration expenses
as they were insignificant.

The exchange rate prevailing at March 31, 2007, was 2.06,
stated in the Brazilian Real per one US dollar. The average exchange rate during
the three-month period ended March 31, 2007, was 2.11 stated in the Brazilian
Real per one US dollar. For the Euro, the exchange rate prevailing at March 31,
2007, was 1.3373 per one US dollar. The average exchange rate from the BCH
Beheer acquisition date of August 23, 2006 to March 31, 2007, was 1.3104 stated
in the Euro per one US dollar.

- 11 -

---

c)Impairment of long-lived
assets and long-lived assets to be disposed of:

Long-lived assets are reviewed for impairment whenever events
or changes in circumstances indicate that the carrying amount of an asset may
not be recoverable. Recoverability of assets to be held and used is measured by
a comparison of the carrying amount of an asset to future net cash flows
expected to be generated by the asset. If such assets are considered to be
impaired, the impairment to be recognized is measured by the amount by which the
carrying amount of the assets exceeds the fair value of the assets. Assets to be
disposed of are reported at the lower of the carrying amount and the fair value
less costs to sell. We have reviewed our long-lived assets and has determined
that no impairment charges were necessary for the period ended March 31,
2007.

d)Stock-based compensation

We account for all stock-based payments to employees and
non-employees using the fair value based method. Under the fair value method,
stock-based payments are measured at the fair value of the consideration
received, or the fair value of the equity instruments issued, or liabilities
incurred, whichever is more reliably measurable. The cost of stock-based
payments to non-employees that are fully vested and non-forfeitable at the grant
date is measured and recognized at that date.

Presentation of Financial Information

Our financial statements for the quarter ended March 31, 2007
include the accounts of:

- Arvana Networks;
- Arvana Par;
- Arvana Com;
- BCH Beheer and its wholly-owned subsidiary Hallotel Deutschland GmbH.

The accounts of BCH Beheer and Hallotel are included in our
statements of operations and statements of cash flows from August 23, 2006,
being the date of closing of our acquisition of BCH Beheer and Hallotel, through
December 31, 2006. Our results of operations presented below for periods prior
to August 23, 2006, including the three months ended March 31, 2006, do not
include the results of operations of BCH Beheer and Hallotel.

Results of Operations

References in the discussion below to 2006 are to our fiscal
year ended December 31, 2006. Similarly, references to 2005 are to our fiscal
year ended December 31, 2005. References to 2007 are to our current fiscal year
that will end December 31, 2007.

Our operations for the quarters ended March 31, 2007 and 2006
are summarized below. Our current activities relating to the development of our
planned VOIP telephone services business are reflected in the results of
operations for the quarter ended March 31, 2007 and 2006.

Three months ended
      March 31, 2007
      Three months ended
      March 31, 2006Revenues
    $1,716,220
    $0Costs of Sales
    $1,294,987
    $0Gross profit
    $421,233
    $0Operating Expenses:


- 12 -

---

Three months ended
      March 31, 2007
      Three months ended
      March 31, 2006Selling and
      promotion
    $4,864
    $0General and
      Administration
    $398,819
    $312,015Research and
      Development
    $0
    $38,751Depreciation
    $50,763
    $75Other Items:Stock Based
      Compensation
    $463,600
    $0Loss on write-off
      of equipment
    $10,059
    $0Other Income
    $38,961
    $0Income taxes
    $52,213
    $0Other
      comprehensive gains
    $2,057
    $0Comprehensive Loss for the Period
    $518,067
    $350,841


Revenues

Our revenues are attributable to the services provided by
Hallotel. We did not generate any revenues during the period prior to our
acquisition of Hallotel and do not generate any revenues outside of our Hallotel
business. The substantial majority of the revenues generated to date are from
the Hallotel long distance pre-select and wholesale carrrier business. Calling
card revenues have been minimal and the VoIP business did not commence until the
second quarter of 2007.

Cost of Sales

Our costs of sales are attributable to costs of sales incurred
by Hallotel in connection with providing its services.

Our cost of sales of $1,294,987 for the quarter ended March 31,
2007 represented 75.5% of revenues.

Gross Profits

Our gross profits were $421,233 for the quarter ended March 31,
2007, representing 24.5% of revenues. All of our gross profits were attributable
to our Hallotel business.

Sales and Promotion Expenses

Sales and promotion expenses consist primarily of commissions
paid to third parties in connection with our Hallotel business.

General and Administration Expenses

General and administrative expenses are comprised of costs
associated with management compensation, office overhead including rent,
directors fees, legal fees, and consulting services.

- 13 -

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Research and Development

Our research and development team was terminated in November
2006 as a result of our decision to close down our Brazilian operations.

For the three-month period ending March 31, 2007, research and
development expenses were $NIL as compared to $38,751 for the same three-month
period in 2006.

Stock-based Compensation

On June 5, 2006, our board of directors approved a 2006 Stock
Option plan and granted options to various members of our company and certain
subsidiaries. The options granted vest over a three-year period with one-third
vesting on January 1, 2007 and one-third vesting on each of January 1, 2008 and
2009. The options have an exercise price of $1.25. The options were valued at
$1,424,000 using the Black-Scholes model, which will be expensed over the
vesting period of the options. The Company recorded an expense of $463,600 in
the three months ended March 31, 2007 for the pro-rated portion of the full
charge.

Loss on the write-off of equipment

In the quarter ended March 31, 2007, we recorded a loss on the
write-off of equipment in the amount of $10,059 which was attributable to
software that was no longer usable for our existing operations.

Net Loss for the Period

We incurred a net loss of $520,124 for the quarter ended March
31, 2007 compared with a net loss of $350,841 in 2006. The majority of the loss
in the quarter ended March 31, 2007 related to the increased stock-based
compensation expense as well increased administration expenses associated with
the development of our VOIP telephone services business.

Liquidity and Capital Resources

As at March 31, 2007, we had cash of $440,664 and a working
capital deficit of $1,492,836. This compares to cash of $233,452 and a working
capital deficit of $1,486,521 as at December 31, 2006.

Cash Flows from Operating Activities

We received cash from operations in the amount of $13,762
during the quarter ended March 31, 2007. Cash gained from operations was
attributable to revenues from Hallotel. The cash provided by operations was used
for general operating capital.

Cash Used in Investing Activities

We used cash in investing activities in the amount of $9,293
during the quarter ended March 31, 2007. Of this amount, $2,660 was attributable
to our purchase of software and $6,633 was attributable to the purchase of other
equipment.

Cash Flows from Financing Activities

We received $200,595 from the proceeds of a short-term loan
during the quarter ended March 31, 2007. The loan is to be repaid on the earlier
of the closing of any financing completed by us on July 1, 2007.

- 14 -

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Amounts due to IP Horizon LLC

IPH was issued 1,500,000 shares in August 2005 in exchange for
a commitment to deliver equipment, software and network hardware for the initial
launching of the Companys VOIP telephone services in Brazil. IPH also agreed to
provide termination services to Arvana Networks for these VOIP telephone
services at its cost plus an administration fee not to exceed 13 percent. As of
December 31, 2006, we had not received the full complement of assets to be
acquired in connection with this transaction or other consideration.
Accordingly, the 1,500,000 shares were not reflected on our financial statements
as having been issued. The following agreement has been reached with IPH with
respect to this transaction:

- IPH agreed to return to us for cancellation the 1,500,000 common shares
  issued to IPH in August 2005. These shares were received and cancelled in the
  second quarter of fiscal 2007.
- IPH has contributed certain equipment and has developed certain software,
  some of which is recorded in Arvana Comunicações general ledger in the amount
  of $36,309.25. In recognition of the contribution of the aforementioned
  equipment and software architecture services from IPH to Arvana Inc. and
  Arvana Networks, Arvana Inc. and IPH have agreed to settle indebtedness of
  $150,000 to IPH. The balance due to IPH as at December 31, 2006 was $125,283
  with an additional amount of $24,717 due as a result of payments in February
  2007, providing a total due to IPH of $150,000.
- For settlement of this indebtedness, we agreed to issue 500,000 common
  shares at a deemed price of $0.30 per share. These shares were issued in the
  second quarter of fiscal 2007.

Plan of Operations

We estimate that our total expenditures over the next twelve
months will be at least $3,000,000, as discussed above under the heading
Description of Business - Plan of Operations, which amount will include
projected administration costs. Accordingly, we anticipate that we will require
a minimum of approximately $3,000,000 in additional financing to proceed with
our plan of operations over the next twelve months. In addition, we anticipate
that the Company will require additional financing in order to pursue the
acquisition of any opportunities in the VOIP business beyond the specific
opportunities that are outlined above. If we are unable to achieve the necessary
additional financing, then we plan to reduce the amounts that we spend on the
development of our VOIP business opportunities and our administrative expenses
in order to be within the amount of capital resources that are available to
us.

During the next twelve month period, we anticipate that our
revenues will not exceed our operating expenses. Accordingly, we will be
required to obtain additional financing in order to continue our plan of
operations. We believe that debt financing will not be an alternative for
funding our business. We anticipate that additional funding will be in the form
of equity financing from the sale of our common stock. However, we do not have
any financing arranged and we cannot provide investors with any assurance that
we will be able to obtain sufficient funding from the sale of our common stock
to fund our plan of operations.

Going Concern

We have not attained profitable operations and are dependent
upon obtaining financing to pursue our plan of operations. For these reasons our
auditors stated in their report on our audited financial statements that they
have substantial doubt we will be able to continue as a going concern.

Future Financings

We anticipate continuing to rely on equity sales of our shares
of common stock in order to continue to fund our business operations. There is
no assurance that we will achieve any additional sales of our equity securities
or arrange for debt or other financing to fund our plan of operations.

- 15 -

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Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that are material to
stockholders.

- 16 -

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Item
3.               
Controls and Procedures

As required by Rule 13a-15 under the Securities Exchange Act of
1934 (the Exchange Act), we carried out an evaluation of the effectiveness of
the design and operation of our disclosure controls and procedures as of March
31, 2007, being the date of our most recently completed quarter. This evaluation
was carried out under the supervision and with the participation of our Chief
Executive Officer, Mr. Teyfiq Ozcean, and our Chief Financial Officer, Mr. Wayne
Smith. Based upon that evaluation, our Chief Executive Officer and Chief
Financial Officer have concluded that our disclosure controls and procedures are
effective to ensure that information required to be disclosed by us in the
reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified by the rules and forms
of the Securities and Exchange Commission (the SEC).

Disclosure controls and procedures are controls and other
procedures that are designed to ensure that information required to be disclosed
in our reports filed or submitted under the Exchange Act is recorded, processed,
summarized and reported, within the time periods specified in the SECs rules
and forms. Disclosure controls and procedures include, without limitation,
controls and procedures designed to ensure that information required to be
disclosed in our reports filed under the Exchange Act is accumulated and
communicated to management, including our Chief Executive Officer and our Chief
Financial Officer, to allow timely decisions regarding required disclosure.

During the fiscal quarter ended March 31, 2007, there were no
changes in our internal control over financial reporting that have materially
affected, or are reasonably likely to affect, our internal control over
financial reporting during the quarter ended March 31, 2007.

The term internal control over financial reporting is defined
as a process designed by, or under the supervision of, the registrants
principal executive and principal financial officers, or persons performing
similar functions, and effected by the registrants board of directors,
management and other personnel, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting
principles and includes those policies and procedures that:

|(a) | Pertain to the maintenance of records that in reasonable
      detail accurately and fairly reflect the transactions and dispositions of
      the assets of the registrant;                                                                                                                                                                                                   
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                
|(b) | Provide reasonable assurance that transactions are
      recorded as necessary to permit preparation of financial statements in
      accordance with generally accepted accounting principles, and that
      receipts and expenditures of the registrant are being made only in
      accordance with authorizations of management and directors of the
      registrant; and
|    |                                                                                                                                                                                                                                                                                                                                                                                
|(c) | Provide reasonable assurance regarding prevention or
      timely detection of unauthorized acquisition, use or disposition of the
      registrants assets that could have a material effect on the financial
      statements.                                                                                                                                              

- 17 -

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PART II

Item
1.               
Legal Proceedings.

We currently are not a party to any material legal proceedings
and to our knowledge, no such proceedings are threatened or contemplated.

Item
2.               
Unregistered Sales of Equity Securities and Use of Proceeds

We did not complete any sales of securities without
registration under the Securities Act of 1933 during our first quarter ended
March 31, 2007.

Item
3.               
Defaults Upon Senior Securities

None.

Item
4.               
Submission of Matters to a Vote of Security Holders

No matters were submitted to a vote of our security holders during
  the three month period ended March 31, 2007.

Item
5.               
Other Information

None.

- 18 -

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Item
6.               
Exhibits

The following exhibits are included with this Quarterly Report
on Form 10-QSB:

ExhibitNumber
      Description of Exhibit3.1
      Articles of Incorporation(1)3.2
      Bylaws, as amended(1)10.1
      Agreement and Plan of Reorganization
          between the Company, Arvana Networks, Inc. and the Shareholders of Arvana
          Networks, Inc. dated August 18, 2005(2)10.2
      Investment Agreement dated
          October 6, 2006 between the Company, Arvana Networks, Inc., Arvana Participações
          S.A., Gloinfo 500 Soluções EM Telemática Ltda. and Paulo
          Messina (3)10.3
      Amendment to Investment Agreement
          signed October 6, 2005 and dated October 4, 2005 between the Company,
          Arvana Networks, Inc., Arvana Participações S.A., Gloinfo
          500 Soluções EM Telemática Ltda. and Paulo Messina(3)10.4
      Share Purchase Agreement dated
          August 9, 2006 among Brulex-Consultadoria Economica E Marketing Ltda,
          Turinco Inc. and Hallotel Deutschland GmbH (5)10.5
      Termination Agreement between
          Arvana Inc., Gloinfo 500 Soluções EM Telemática Ltda.,
          Paulo Santos Messina and Lucia Sangiacomo Messina, Arvana Participações
          S.A., Arvana Comunicações do Brasil S. A. and Arvana Networks
          Inc. dated October 31, 2006. (6)14.1
      Code of Ethics (4)31.1
      Certification
          of Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange
          Act (7)31.2
      Certification
          of Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange
          Act (7)32.1
      Certification
          of Chief Executive Officer pursuant to Rule 13a-14(b) of the Exchange
          Act and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
          the Sarbanes-Oxley Act of 2002 (7)32.2
      Certification
          of Chief Financial Officer pursuant to Rule 13a-14(b) of the Exchange
          Act and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
          the Sarbanes-Oxley Act of 2002 (7)


|(1) | Previously filed with the SEC as an exhibit to the
      Companys registration statement on Form 10- SB filed with the SEC on May
      24, 2000.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                   
|(2) | Previously filed with the SEC as an exhibit to the
      Companys Current Report on Form 8-K filed with the SEC on August 19,
      2005.        
|    |                                                                                                                                                   
|(3) | Previously filed with the SEC as an exhibit to the
      Companys Quarterly Report on Form 10-QSB filed with the SEC on December
      14, 2005. 
|    |                                                                                                                                                   
|(4) | Previously filed with the SEC as an exhibit to the
      Companys Annual Report on Form 10-KSB filed with the SEC on March 31,
      2006.       
|    |                                                                                                                                                   
|(5) | Previously filed with the SEC as an exhibit to the
      Companys Current Report on Form 8-K filed with the SEC on August 15,
      2006.        
|    |                                                                                                                                                   
|(6) | Previously filed with the SEC as an exhibit to the
      Companys Current Report on Form 8-K filed with the SEC on August 15,
      2006.        
|    |                                                                                                                                                   
|(7) | Filed as an exhibit to this Quarterly Report on Form
      10-QSB.                                                                                

- 19 -

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SIGNATURES

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

|ARVANA INC. |                                                     
|----------- | ----------------------------------------------------
|            |                                                     
|By:         | */s/ Teyfik Oezcan*                                 
|            | Teyfik Oezcan, President and Chief Executive Officer
|            |                                                     
|Date:       | May 14, 2007                                        

|By:   | */s/ Wayne Smith*                    | 
|----- | ------------------------------------ | 
|      | Wayne Smith, Chief Financial Officer | 
|      |                                      | 
|Date: | May 14, 2007                         | 



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