U. S. Securities and Exchange Commission Washington, 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 June 30, 2007  [   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from _____ to _____  Commission File No. 0-50863  CENTALE, INC.(Name of Small Business Issuer in its Charter)New York30-0299889(State of Other Jurisdiction of
incorporation or organization)(I.R.S.  Employer
Identification No.)  191 Main Street, East Aurora, NY   14052 (Address of principal executive offices)  Issuer's Telephone Number: (716) 714-2000  Indicate  by check mark  whether the  Registrant  (1) has filed all reports required to be filed by Sections 13 or 15(d) of the  Securities Exchange Act of 1934  during  the  preceding  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]  APPLICABLE ONLY TO CORPORATE ISSUERS:  Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date: August 20, 2007 Common Voting Stock: 182,621,918 shares  Transitional Small Business Disclosure Format (check one):      Yes   [   ]     No  [X]   1


CENTALE, INC.BALANCE SHEETTHREE MONTHS ENDED JUNE 30, 2007(UNAUDITED)June 30, 2007March 31, 2007ASSETSCurrent AssetsCash and Cash Equivalents0275Accounts Receivable00(net of allowance for doubtful accounts of zero dollars)Total Current Assets0275Fixed AssetsFurniture, Fixtures, Equipment1,4030Less: Accumulated Depreciation00Total Fixed Assets1,4030Other AssetsSoftware Development153,479153,479Software Technology129,950129,950Computer SoftwareLess: Accumulated Amortization(146,288)(132,119)Investment in Circle Group Holdings050,000Investment in FSBO13,50013,500Total Other Assets150,641214,810TOTAL ASSETS152,044215,085LIABILITIES & EQUITYCurrent LiabilitiesAccounts Payable325,239319,582Accrued Expenses366,036203,470Cash Overdraft1,081Loan Payable36,35636,716L/P -Stockholders231,079173,579Payroll Tax Liabilities10,17310,176Total Current Liabilities969,964743,523Total Liabilities969,964743,523EquityCommon Stock:  $.01 Par, 250,000,000 Authorized176,511,482 and 173,511,482 Shares Issuedand Outstanding as of June 30, 2007and March 31, 2007, respectively1,765,1151,735,115Preferred Stock:  $.01 Par, 5,000,000 Shares AuthorizedNo Shares OutstandingAdditional Paid In Capital6,665,0926,395,092Accumulated Deficit(9,248,127)(8,658,645)Total Stockholder's Equity (Deficit)(817,920)(528,438)152,044215,085   The accompanying notes are an integral part of these financial statements. 2   CENTALE, INC.STATEMENT OF OPERATIONSTHREE MONTHS ENDED JUNE 30, 2007June 30, 2007June 30, 2006ORDINARY INCOME / EXPENSEREVENUES7,500436,260DIRECT COSTS:Commissions08,070Subcontracted Labor6,7500Technology services5179,902Total Direct Costs6,80187,972GROSS MARGIN699348,288EXPENSESAdvertising3,817195,922Amortization14,16919,998Consulting Services467,477103,500Depreciation04,694Insurance Expenses9,55417,791Loan Fee0360,000Miscellaneous7,7009,335Office Expenses6,47465,950Officers' Compensation60,00075,000Professional Services9,95955,649Rent6,80062,836Salaries & wages26,729264,044Travel Expenses12713,677Total Expense612,8061,248,396Loss from Operations(612,107)(900,108)Other Income/ExpenseOther Income22,62539,421NET LOSS FOR THE PERIOD(589,482)(860,687)LOSS PER SHARE:Basic0(0.04)Fully Diluted0(0.04)WEIGHTED AVERAGE COMMONSHARES OUTSTANDING:Basic176,511,48224,401,119Fully Diluted176,511,48224,401,119  The accompanying notes are an integral part of these financial statements. 3   CENTALE, INC.STATEMENT OF CASH FLOWSFOR THREE MONTHS ENDED JUNE 30, 2007(UNAUDITED)June 30, 2007June 30, 2006CHANGES IN ASSETS AND LIABILITIESNet Loss for the Period(589,482)(860,687)NON-CASH ADJUSTMENTSDepreciation and  Amortization14,16924,692Common Stock issued in exchange for services300,000346,766Common Stock issued in exchange for loan fee0360,000Gain on Sale of Investments(22,625)0Note Payable in exchange for services0120,000Cash Flows from Operating ActivitiesAccounts Payable, Accrued Expenses and Payroll Tax Liabilities168,219125,247Accounts Receivable0(165,067)Employee Advance0(2,000)Cash Overdraft1,08217,219Net cash provided by Operating Activities(128,637)(33,830)Cash Flows from Investing ActivitiesSale of Investments72,625Purchases of Computer software0(4,326)Purchases of Furniture, Fixtures, Equipment(1,403)(29,570)Net Cash Used in Investing Activities71,222(33,896)CASH FLOWS FROM FINANCING ACTIVITIESProceeds from Loans to Stockholders135,00010,000Payments to Stockholders(77,500)(20,000)Proceeds (Payments) on Loan Payable(360)22,633Contributions to Capital025,708Net cash provided by Financing Activities57,14038,341NET CHANGE IN CASH AND CASH EQUIVALENTS(275)(29,385)CASH AND CASH EQUIVALENTS -BEGINNING OF PERIOD27529,385CASH AND CASH EQUIVALENTS - END OF PERIOD00SUPPLEMENTAL DISCLOSURESInterest Paid00Income Taxes Paid00  The accompanying notes are an integral part of these financial statements. 4   CENTALE, INC.STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)FIRST QUARTER PERIOD ENDED JUNE 30, 2006(UNAUDITED)COMMON STOCKADDITIONALSTOCKHOLDERNUMBER OFPAID INACCUMULATEDEQUITYSHARESVALUECAPITALDEFICIT(DEFICIT)BALANCE - MARCH 31, 200620,989,962209,9002,780,922(3,123,030)(132,208)Common Stock Issued for Cash1,190,41511,904108,805120,709Common Stock Issued forIntangible Assets2,500,00025,000500,000525,000Common Stock Issued forAgency Termination Fee84,224,959842,2500842,250Common Stock Returned forRelease of Intangible Asset(500,000)(5,000)(545,000)(550,000)Common Stock Issued in Satisfactionof Notes Payable44,665,742446,657973,9241,420,581Common Stock Issued in Exchangefor Services11,339,798113,3981,912,1912,025,589Common Stock Issued in Exchangefor Loan Fee3,950,00039,500664,250703,750Common Stock Issued in Exchangefor Interest Expense5,150,60651,506051,506Net Loss for the Period (unaudited)(5,535,615)(5,535,615)BALANCE - MARCH 31, 2007173,511,4821,735,1156,395,092(8,658,645)(528,438)Common Stock Issued in Exchangefor Services3,000,00030,000270,0000300,000Net Loss for the Period (unaudited)(589,482)(589,482)BALANCE - JUNE 30, 2007176,511,4821,765,1156,665,092(9,248,127)(817,920)   The accompanying notes are an integral part of these financial statements. 5


CENTALE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS THREE MONTHS ENDED JUNE 30, 2007  NOTE A - BASIS OF PRESENTATION  The interim financial statements of Centale, Inc. (the "Company") included herein, have been prepared by 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 financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.  These interim financial statements should be read in conjunction with the annual audited financial statements and the notes thereto included in the Company's Annual Report on Form 10KSB for the year ended March 31, 2007.  The accompanying unaudited interim financial statements reflect all adjustments of a normal and recurring nature which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim period presented.  The results of operations for this period are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole.  Factors that affect the comparability of financial data from year to year and for comparable interim periods include nonrecurring expenses associated with the Company's registration with the SEC, costs incurred to raise capital, and stock awards.  NOTE B - RECLASSIFICATIONS  Certain reclassifications have been made to the financial statement presentation to correspond to the current year's format.  Total equity and net income are unchanged due to these reclassifications.   6    CENTALE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS THREE MONTHS ENDED JUNE 30, 2007  NOTE C - COMMON STOCK  Centale entered into an agreement with Big Apple Consulting, in which Big Apple will use its network to help market Centales stock and find potential investors. The term of the agreement is December 27, 2006 to December 27, 2007. Centale has the option to extend for an additional 6 months. As compensation, Big Apple has the option to purchase 25,000,000 shares of Centales common stock based on the following:  5,000,000 shares @ $0.10 10,000,000 shares @ $0.25 10,000,000 shares @ $0.50  These options shall expire December 27, 2007. During June 2007, Big Apple was issued 3,000,000 shares stock for services rendered, per the December 27, 2006 agreement.  NOTE D - GOING CONCERN  The Company's financial statements has been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.  The Company has reported net losses and an accumulated deficit totaling $9,248,127 for the period from date of inception (November 12,1998) through June 30, 2007.  The Company's continued existence is dependent upon its ability to raise capital or to successfully market and sell its products.  The Company plans to raise working capital through equity offerings and future profitable operations. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.  NOTE E - OTHER MATTERS  On April 26, 2006 the Company received 50,000 shares of common stock of Circle Holding Group, Inc, which had a fair market value of $50,000. These shares were issued in lieu of payment to the Company from Circle Group Holding for services rendered, and were sold April 12, 2007 with a net gain of $22,625    ITEM 2.  MANAGEMENTS DISCUSSION AND ANALYSIS  7   Results of Operations  During the first quarter of fiscal 2008, due to our lack of funds, we were unable to deliver any applications to customers.  As a result, our revenue for the quarter was only $7,500.  Unless we are able to obtain additional capital resources, our revenue level will not increase in the future.  Our largest expense for the three month period ended June 30, 2007 was the combination of consulting fees, officers compensation and salaries and wages: $554,206.  The fact that this combination of expenses represents 90% of our expenses is evidence of the fact that we are in a period of development.  The personnel responsible for reconstructing our business operations have became the source of our largest ongoing expense. Our business activities during the first three months of fiscal 2008 resulted in $612,806 in expenses.  During the quarter we sold some stock that we received as a fee in 2006, obtaining a gain of $22,625.  So our net loss for the quarter was $589,480.  Unless we are able to revive our current business or replace it with a new business, we will continue to incur losses.  Liquidity and Capital Resources Since we initiated our current business in 2004, our operations have been funded primarily by the private sale of equity and debt to investors.  During the quarter ended June 30, 2007, our operations were funded by loans from shareholders.  The net amount of loans received in the quarter was $57,500.  Through June 30, 2007, however, we had used all of those funds for our operations.  On June 30, 2007 we had no cash remaining on hand.  At the same time, we had current liabilities totaling $969,964.  Therefore, in order to carry on our business, we must obtain additional capital. We continue to actively seek investment capital.  At the present time, however, no one has committed to provide us any additional funds.  Off-Balance Sheet Arrangements  We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.  8  ITEM 3.  CONTROLS AND PROCEDURES  Evaluation of Disclosure Controls and Procedures.  Our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of our disclosure controls and procedures as of June 30, 2007.  Pursuant to Rule13a-15(e) promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, disclosure controls and procedures means controls and other procedures that are designed to insure that information required to be disclosed by Centale in the reports that it files with the Securities and Exchange Commission is recorded, processed, summarized and reported within the time limits specified in the Commissions rules.  Disclosure controls and procedures include, without limitation, controls and procedures designed to insure that information Centale is required to disclose in the reports it files with the Commission is accumulated and communicated to our Chief Executive Officer and Chief Financial Officer as appropriate to allow timely decisions regarding required disclosure.  Based on their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that Centales system of disclosure controls and procedures was effective as of June 30, 2007 for the purposes described in this paragraph.  Changes in Internal Controls.  There was no change in internal controls over financial reporting (as defined in Rule 13a-15(f) promulgated under the Securities Exchange Act or 1934) identified in connection with the evaluation described in the preceding paragraph that occurred during Centales first fiscal quarter that has materially affected or is reasonably likely to materially affect Centales internal control over financial reporting.  PART II   -   OTHER INFORMATION  Item 2.  Changes in Securities and Small Business Issuer Purchase of Equity Securities  None.  Item 6. Exhibits  31 Rule 13a-14(a) Certification 32 Rule 13a-14(b) Certification  9   SIGNATURES  Pursuant to the  requirements  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.   CENTALE, INC.  Date: August 20, 2007 By: /s/ Thaddeus A. Wier, Jr Thaddeus A. Wier, Jr., Chief Executive Officer and Chief Financial Officer     10