**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

**Commission      File Number 333-119930**

**ALPHA      MOTORSPORT, INC.**

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**TABLE      OF CONTENTS**

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**PART      1. FINANCIAL INFORMATION**

**Item      1. Financial Statements**

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**ALPHA      MOTORSPORT, INC.**

**CONSOLIDATED      INTERIM FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2006**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

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**ALPHA      MOTORSPORT, INC.**

**INTERIM      CONSOLIDATED BALANCE SHEETS**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

|                                                                 | **                                 SEPTEMBER                30**                                                               JUNE 30 |
|----------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                 | **2006**                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 2006 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |
| **ASSETS**                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Current**                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Cash                                                                 | **$**                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **28,783** | $ | 42,496 |
| Accounts                receivable                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **-** |   | 4,498 |
| Inventory                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **30,844** |   | 18,206 |
| Prepaid                expenses                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **13,839** |   | 1,472 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|                                                                 | **$**                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **73,466** | $ | 66,672 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **LIABILITIES**                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Current**                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Accounts                payable and accrued liabilities              | **$**                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **17,577** | $ | 12,094 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **STOCKHOLDERS’                EQUITY (DEFICIENCY)**           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Capital                Stock**                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Authorized:                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| 750,000,000                common shares, par value $0.001 per share |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| Issued                and outstanding:                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| 30,000,000                common shares                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **30,000** |   | 30,000 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Additional                Paid-In Capital**                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **75,000** |   | 75,000 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Share                Subscriptions**                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **-** |   | - |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Accumulated                Deficit**                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **(53,975)** |   | (55,765) |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
| **Accumulated                Other Comprehensive Income**            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **4,864** |   | 5,343 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | **55,889** |   | 54,578 |
|                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |
|                                                                 | **$**                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | **73,466** | $ | 66,672 |

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**ALPHA      MOTORSPORT, INC.**

**INTERIM      CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

|                                                             | **THREE                MONTHS ENDED SEPTEMBER 30** |
|------------------------------------------------------------------|----------------------------------------------------|
|                                                             | **2006**                                           | 2005 |
|                                                             |                                               |   |   |
|                                                             |                                               |   |   |   |
| **Sales**                                                        | **$**                                              | **91,662** | $ | 71,377 |
|                                                             |                                               |   |   |   |
| **Cost                Of Sales**                                 |                                               | **(65,780)** |   | (55,897) |
|                                                             |                                               |   |   |   |
| **Gross                Margin**                                  |                                               | **25,882** |   | 15,480 |
|                                                             |                                               |   |   |   |
| **Expenses**                                                     |                                               |   |   |   |
| General                and administration                        |                                               | **3,539** |   | 11,398 |
| Management                fees                                   |                                               | **7,224** |   | 4,994 |
| Office                and miscellaneous                          |                                               | **5,314** |   | 3,947 |
| Professional                and filing fees                      |                                               | **8,015** |   | 3,500 |
|                                                             |                                               | **24,092** |   | 23,839 |
|                                                             |                                               |   |   |   |
| **Net                Income (Loss) For The Period**              | **$**                                              | **1,790** | $ | (8,359) |
|                                                             |                                               |   |   |   |
| **Basic                And Diluted Loss Per Share**              | **$**                                              | **(0.00)** | $ | (0.01) |
|                                                             |                                               |   |   |   |
| **Weighted                Average Number Of Shares Outstanding** |                                               | **30,000,000** |   | 2,217,391 |

**CONSOLIDATED      STATEMENTS OF COMPREHENSIVE INCOME**

**(Stated      in U.S. Dollars)**

|                                                | **THREE                MONTHS ENDED SEPTEMBER 30** |
|-----------------------------------------------------|----------------------------------------------------|
|                                                | **2006**                                           | 2005 |
|                                                |                                               |   |   |
|                                                |                                               |   |   |   |
| **Net                Income (Loss) For The Period** | **$**                                              | **1,790** | $ | (8,359) |
|                                                |                                               |   |   |   |
| **Other                Comprehensive Income**       |                                               |   |   |   |
| Foreign                Currency Adjustment          |                                               | **(479)** |   | - |
|                                                |                                               |   |   |   |
| **Comprehensive                Income (Loss)**      | **$**                                              | **1,311** | $ | (8,359) |

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**ALPHA      MOTORSPORT, INC.**

**INTERIM      CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

|                                                                                                         | **THREE                MONTHS ENDED SEPTEMBER 30** |
|--------------------------------------------------------------------------------------------------------------|----------------------------------------------------|
|                                                                                                         | **2006**                                           | 2005 |
|                                                                                                         |                                               |   |
|                                                                                                         |                                               |   |   |   |
| **Cash                Flows From Operating Activities**                                                      |                                               |   |   |   |
| Net                income (loss) for the period                                                              | **$**                                              | **1,790** | $ | (8,359) |
|                                                                                                         |                                               |   |   |   |
| **Adjustments                To Reconcile Net Loss To Net Cash Used By Operating                Activities** |                                               |   |   |   |
| Accounts                receivable                                                                           |                                               | **4,498** |   | - |
| Prepaid                expenses                                                                              |                                               | **(12,367)** |   | (1,647) |
| Inventory                                                                                                    |                                               | **(12,638)** |   | (5,715) |
| Accounts                payable and accrued liabilities                                                      |                                               | **5,483** |   | 6,780 |
|                                                                                                         |                                               | **(13,234)** |   | (8,941) |
|                                                                                                         |                                               |   |   |   |
| **Cash                Flows From Financing Activities**                                                      |                                               |   |   |   |
| Issuance                of common stock                                                                      |                                               | **-** |   | 93,000 |
| Loan                payable                                                                                  |                                               | **-** |   | (60,000) |
|                                                                                                         |                                               | **-** |   | 33,000 |
|                                                                                                         |                                               |   |   |   |
| **Unrealized                Non-Cash Foreign Currency Translation Adjustment**                               |                                               | **(479)** |   | - |
|                                                                                                         |                                               |   |   |   |
| **Increase                (Decrease) In Cash**                                                               |                                               | **(13,713)** |   | 24,059 |
|                                                                                                         |                                               |   |   |   |
| **Cash,                Beginning Of Period**                                                                 |                                               | **42,496** |   | 38,108 |
|                                                                                                         |                                               |   |   |   |
| **Cash,                End Of Period**                                                                       | **$**                                              | **28,783** | $ | 62,167 |
|                                                                                                         |                                               |   |   |   |
|                                                                                                         |                                               |   |   |   |
| **Supplemental                Disclosure Of Cash Flow Information**                                          |                                               |   |   |   |
| Cash                paid for:                                                                                |                                               |   |   |   |
| Interest                                                                                                     | **$**                                              | **-** | $ | - |
| Income                taxes                                                                                  |                                               | **-** |   | - |

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**ALPHA      MOTORSPORT, INC.**

**CONSOLIDATED      STATEMENTS OF STOCKHOLDERS’ DEFICIENCY**

**PERIOD      FROM DATE OF INCEPTION, APRIL 28, 2004, TO SEPTEMBER 30,      2006,**

**AND      FOR THE PERIOD ENDED SEPTEMBER 30, 2006**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

|                                                                                        |                            |       |              |              |            |
|---------------------------------------------------------------------------------------------|---------------------------------|------------|-------------------|-------------------|-----------------|
|                                                                                        | **COMMON                STOCK** |       |              |              |            | **ACCUMULATED** |   |   |
|                                                                                        | **NUMBER**                      |       | **ADDITIONAL**    |              |            |   |   | **OTHER** |   |   |
|                                                                                        | **OF**                          |       | **PAID-IN**       | **SHARE**         | **ACCUMULATED** | **COMPREHENSIVE** |   |   |
|                                                                                        | **SHARES**                      | **AMOUNT** | **CAPITAL**       | **SUBSCRIPTIONS** | **DEFICIT**     | **INCOME                (LOSS)** | **TOTAL** |
|                                                                                        |                            |       |              |              |            |   |   |
| Balance,                April                28, 2004(Date                of incorporation) |  -                         |  $    |  -           |  $           |  -         |  $ |  - |  $ |  - |  $ |  - |  $ |  - |
|                                                                                        |                            |       |              |              |            |   |   |   |   |   |   |   |   |
| April                28, 2004 - Shares issued for cash at $0.005                            |   1,000,000           |       |   5,000 |              |  -         |   |   - |   |   - |   |  - |   |   5,000 |
| Loss                for the period                                                          | -                               |       | -                 |              | -               |   | - |   | (4,409) |   | - |   | (4,409) |
| Foreign                Currency Adjustment                                                  | -                               |       | -                 |              | -               |   | - |   | - |   | (20) |   | (20) |
|                                                                                        |                            |       |              |              |            |   |   |   |   |   |   |   |   |
| Balance,                June 30, 2004                                                       | 1,000,000                       |       | 5,000             |              | -               |   | - |   | (4,409) |   | (20) |   | 571 |
|                                                                                        |                            |       |              |              |            |   |   |   |   |   |   |   |   |
| Share                subscriptions                                                          | -                               |       | -                 |              | -               |   | 7,000 |   | - |   |  - |   | 7,000 |
| Net                loss for the year                                                        | -                               |       | -                 |              | -               |   | - |   | (26,404) |   |  - |   | (26,404) |
| Foreign                Currency Adjustment                                                  | -                               |       | -                 |              | -               |   | - |   | - |   | 433 |   | 433 |
|                                                                                        |                            |       |              |              |            |   |   |   |   |   |   |   |   |
| Balance,                June 30, 2005                                                       | 1,000,000                       |       | 5,000             |              | -               |   | 7,000 |   | (30,813) |   | 413 |   | (18,400) |
|                                                                                        |                            |       |              |              |            |   |   |   |   |   |   |   |   |
| August                5, 2005 -Shares issued for cash at $0.05                              |  2,000,000                 |       |  2,000       |              |  98,000    |   |  (7,000) |   |  - |   |  - |   |  93,000 |
| April                11, 2006 Stock Split Adjustment                                        | 27,000,000                      |       | 23,000            |              | (23,000)        |   |  - |   | - |   | - |   | - |
| Net                loss for the year                                                        | -                               |       | -                 |              | -               |   | - |   | (24,952) |   | - |   | (24,952) |
| Foreign                Currency Adjustment                                                  | -                               |       | -                 |              | -               |   | - |   | - |   | 4,930 |   | 4,930 |
|                                                                                        |                            |       |              |              |            |   |   |   |   |   |   |   |   |
| Balance,                June 30, 2006                                                       | 30,000,000                      |       | 30,000            |              | 75,000          |   | - |   | (55,765) |   | 5,343 |   | 54,578 |
| Net                income for the period                                                    | -                               |       | -                 |              | -               |   | - |   | 1,790 |   | - |   | 1,790 |
| Foreign                Currency Adjustment                                                  | -                               |       | -                 |              | -               |   | - |   | - |   | (479) |   | (479) |
| Balance,                September 30, 2006                                                  | 30,000,000                      | $          | 30,000            | $                 | 75,000          | $ | - | $ | (53,975) |   | 4,864 | $ | 55,889 |

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**ALPHA      MOTORSPORT, INC.**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2006**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**1.**
**BASIS      OF PRESENTATION**

| **2.  ** | **NATURE              OF OPERATIONS** |
|--------------------|---------------------------------------|

| **3.  ** | **SIGNIFICANT              ACCOUNTING POLICIES** |
|--------------------|--------------------------------------------------|

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**ALPHA      MOTORSPORT, INC.**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2006**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**3.      SIGNIFICANT ACCOUNTING POLICIES **

|   | a) | Consolidated                Financial Statements |
|--------|----|--------------------------------------------------|

|   | b) | Use                of Estimates |
|--------|----|---------------------------------|

|   | e) | Impairment                of Long-Lived Assets |
|--------|----|------------------------------------------------|

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**ALPHA      MOTORSPORT, INC.**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2006**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**3.      SIGNIFICANT ACCOUNTING POLICIES **

|   | f) | Foreign                Currency Translation |
|--------|----|---------------------------------------------|

|   | g) | Basic                and Diluted Loss Per Share |
|--------|----|-------------------------------------------------|

|   | h) | Income                Taxes |
|--------|----|-----------------------------|

|   | i) | Fair                Value of Financial Instruments |
|--------|----|----------------------------------------------------|

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**ALPHA      MOTORSPORT, INC.**

**NOTES      TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2006**

**(Unaudited)**

**(Stated      in U.S. Dollars)**

**3.      SIGNIFICANT ACCOUNTING POLICIES **

|   | j) | New                Accounting Standards |
|--------|----|-----------------------------------------|

| **4.** | **SHARE                CAPITAL** |
|--------|----------------------------------|

| **5.** | **RELATED                PARTY TRANSACTIONS** |
|--------|-----------------------------------------------|

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**ITEM      2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION.**

**Note      Regarding Forward-Looking Statements**

**Three      months ended September 30, 2006 compared to the three months ended September      30,      2005:**

**Results      of Operations**

**Liquidity      and Capital Resources**

**Off-Balance      Sheet Arrangements**

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**Plan      of Operation**

**Critical      Accounting Policies**

**ITEM      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET      RISK**

**ITEM      4. CONTROLS AND PROCEDURES**

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**PART      II - OTHER INFORMATION**

**ITEM      1A. RISK FACTORS**

**ITEM      6. EXHIBITS AND REPORTS ON FORM 8-K**

**SIGNATURES**

**Alpha      Motorsport, Inc., Registrant**