UNITED STATES
 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
MARCH 31, 2008





o TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the
transition period from to
 Commission
File Number:333-146478




International Vineyard,
Inc.


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





Delaware
            20-8820679(State
      or other jurisdiction
              of
      incorporation or organization)
            (I.R.S.
      Employer
              Identification
      No.)





35502
      Camino Capistrano Dana Point, California 92624(Address
      of principal executive offices)





(949)
      276-4729(Issuer’s
      Telephone Number)





Indicate
by check mark whether the issuer (1) has 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. 
xYes  oNo
  Indicate
by check mark whether the registrant is a large accelerated file, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.
  Large
      accelerated filer
              o
              Accelerated
      filer
              oNon-accelerated
      filer (Do not check if a smaller reporting company)
              o
              Smaller
      reporting company
              x
  Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).  x Yes  oNo
 
 APPLICABLE
ONLY TO CORPORATE ISSUERS
  State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practical date.  As of May 13, 2008, there were
9,224,375 shares of the issuer’s $.001 par value common stock issued and
outstanding.
  1
  PART
I - FINANCIAL INFORMATION
 
 Item 1.  Financial
Statements
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 BALANCE
SHEET
 March
      31,2008(Unaudited)ASSETSCurrent
      assetsCash
      and cash equivalents
                  
                  $
                  56,211Prepaid
      expenses
                  
                  
                  1,552Total
      current assets
                  
                  
                  57,763Property and equipment,
      net of accumulated depreciation
                  
                  
                  1,396Total
      assets
                  
                  $
                  59,159LIABILITIES
      AND STOCKHOLDERS' EQUITYCurrent
      liabilities:Accounts
      payable and accrued expenses
                  
                  $
                  3,097Total
      current liabilities
                  
                  
                  3,097Stockholders'
      equity:Preferred
      stock, $0.001 par value;5,000,000
      shares authorized; 0 shares issuedand
      outstanding at December 31, 2007
                  
                  
                  -Common
      stock, $0.001 par value;50,000,000
      shares authorized; 9,224,375shares
      issued and outstanding at March 31, 2008
                  
                  
                  9,224Additional
      paid-in capital
                  
                  
                  101,926Deficit
      accumulated during the development stage
                  
                  
                  (55,088
                  )Total
      stockholders' equity
                  
                  
                  56,062Total
      liabilities and stockholders' equity
                  
                  $
                  59,159
   The
accompanying notes are an integral part of theses financial
statements.
  2
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY) STATEMENTS
OF OPERATIONS
 For
      the periodThree
      months
                  
                  
                  April
      2, 2007ended
                  
                  
                  (inception)
      toMarch
      31, 2008
                  
                  
                  March
      31, 2008(Unaudited)
                  
                  
                  (Unaudited)Net
      revenue
                  
                  $
                  -
                  
                  
                  $
                  -Cost
      of revenue
                  
                  
                  -
                  
                  
                  
                  -Gross
      profit
                  
                  
                  -
                  
                  
                  
                  -General
      and administrative expenses
                  
                  
                  (12,300
                  )
                  
                  
                  (54,288
                  )Loss
      before income taxes
                  
                  
                  (12,300
                  )
                  
                  
                  (54,288
                  )Provision
      for income taxes
                  
                  
                  800
                  
                  
                  
                  800Net
      loss
                  
                  $
                  (13,100
                  )
                  
                  $
                  (55,088
                  )Basic
      and diluted earnings (loss) per share
                  
                  $
                  -
                  
                  
                  $
                  -Weighted
      average common shares outstanding
                  
                  
                  9,224,375
                  
                  
                  
                  8,911,473
   The accompanying notes are an
integral part of theses financial statements.
  3
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY) STATEMENTS
OF CASH FLOWS
 For
      the periodThree
      months
                  
                  
                  April
      2, 2007ended
                  
                  
                  (inception)
      toMarch
      31, 2008
                  
                  
                  March
      31, 2008(Unaudited)
                  
                  
                  (Unaudited)Cash
      flows from operating activitiesNet
      loss
                  
                  $
                  (13,100
                  )
                  
                  $
                  (55,088
                  )Adjustments
      to reconcile net loss to net cash used in operating
      activities:Additional
      paid-in capital in exchange for facilities provided
                  
                  
                  -
                  
                  
                  
                  2,400by
      related partyDepreciation
                  
                  
                  155
                  
                  
                  
                  465Changes
      in operating assets and liabilities:Prepaid
      expenses
                  
                  
                  1,058
                  
                  
                  
                  (1,552
                  )Accounts
      payable and accrued expenses
                  
                  
                  6,615
                  
                  
                  
                  6,895Net
      cash used in operating activities
                  
                  
                  (5,272
                  )
                  
                  
                  (46,880
                  )Cash
      flows from investing activitiesPurchase
      of fixed assets
                  
                  
                  -
                  
                  
                  
                  (1,861
                  )Net
      cash used in investing activities
                  
                  
                  -
                  
                  
                  
                  (1,861
                  )Cash
      flows from financing activitiesProceeds
      from issuance of common stock
                  
                  
                  -
                  
                  
                  
                  113,750Costs
      incurred in private placement offering
                  
                  
                  -
                  
                  
                  
                  (5,000
                  )Net
      cash provided by financing activities
                  
                  
                  -
                  
                  
                  
                  108,750Net
      (decrease) increase in cash and cash equivalents
                  
                  
                  (5,272
                  )
                  
                  
                  60,009Cash and cash
      equivalents, beginning of period
                  
                  
                  65,281
                  
                  
                  
                  -Cash and cash
      equivalents, end of period
                  
                  $
                  60,009
                  
                  
                  $
                  60,009Supplemental
      disclosure of cash flow informationIncome
      taxes paid
                  
                  $
                  800
                  
                  
                  $
                  800Interest
      paid
                  
                  $
                  -
                  
                  
                  $
                  -
   The accompanying notes are an
integral part of theses financial statements.
  4
  INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO FINANCIAL STATEMENTS
   1)
                  NATURE
      OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
  POLICIES
 
 NATURE OF
BUSINESS
 
 The
Company is currently a development stage company under the provisions of
Statement of Financial Accounting Standards ("SFAS") No. 7 and was incorporated
under the laws of the State of Delaware on April 2, 2007.  The Company
is developing a wholesale and distribution business that specializes in
providing French and California sourced wines, via several company-owned brands,
to the Chinese market.  As of March 31, 2008, the Company has not
reported any revenue and will continue to report as a development stage company
until significant revenues are produced.
 
 INTERIM FINANCIAL STATEMENTS
 
 The
accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
for interim financial information and pursuant to the rules and regulations of
the Securities and Exchange Commission.  Certain information and
footnote disclosures normally included in annual financial statements prepared
in accordance with accounting principles generally accepted in the United States
of America have been omitted pursuant to such rules and
regulations.
 
 In the
opinion of management, all adjustments, consisting of normal and recurring
adjustments, necessary for a fair presentation of the financial position and the
results of operations for the periods presented have been
included.  The operating results of the Company on a quarterly basis
may not be indicative of operating results for the full year.  For
further information, refer to the financial statements and notes included in
International Vineyard, Inc.’s Form 10-KSB/A for the year ended December 31,
2007.
 
 BASIS OF
PRESENTATION AND GOING CONCERN
 
 The
accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America, which
contemplate continuation of the Company as a going concern.  The
Company has incurred net losses since inception, and as of March 31, 2008, had
an accumulated deficit of $55,088. These conditions raise substantial doubt as
to the Company's ability to continue as a going concern. These financial
statements do not include any adjustments that might result from the outcome of
this uncertainty. These financial statements do not include any adjustments
relating to the recoverability and classification of recorded asset amounts, or
amounts and classification of liabilities that might be necessary should the
Company be unable to continue as a going concern.
  Management
recognizes that the Company must generate additional resources to enable it to
continue operations. Management intends to raise additional financing through
debt financing and equity financing or through other means that it deems
necessary, with a view to moving forward and sustaining a prolonged growth in
its strategy phases. However, no assurance can be given that the Company will be
successful in raising additional capital. Further, even if the company raises
additional capital, there can be no assurance that the Company will achieve
profitability or positive cash flow. If management is unable to raise additional
capital and expected significant revenues do not result in positive cash flow,
the Company will not be able to meet its obligations and may have to cease
operations.
  5
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO FINANCIAL STATEMENTS
 USE OF
ESTIMATES
  The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements, and the reported amounts of revenues and expenses
during the reported periods. Actual results could materially differ from those
estimates.
 
 CASH AND
CASH EQUIVALENTS
 
 For
purposes of the statement of cash flows, cash equivalents include all highly
liquid debt instruments with original maturities of three months or less which
are not securing any corporate obligations.
 
 CONCENTRATION
OF CREDIT RISK
 
 Cash and Cash
Equivalents - The Company maintains its cash deposits in one bank account
which at times may exceed federally insured limits.
 
 PROPERTY
AND EQUIPMENT
 
 Property
and equipment are stated at cost less accumulated depreciation and amortization.
Depreciation and amortization are calculated using the straight-line method and
with useful lives used in computing depreciation ranging from 3 to 5
years.  When property and equipment are retired or otherwise disposed
of, the related cost and accumulated depreciation are removed from the
respective accounts, and any gain or loss is included in operations.
Expenditures for maintenance and repairs are charged to operations as incurred;
additions, renewals and betterments are capitalized.
 
 LONG-LIVED
ASSETS
 
 The
Company accounts for its long-lived assets in accordance with SFAS No. 144,
"Accounting for the Impairment or Disposal of Long-Lived
Assets."  SFAS No. 144 requires that long-lived assets be reviewed for
impairment whenever events or changes in circumstances indicate that the
historical cost carrying value of an asset may no longer be appropriate. The
Company assesses recoverability of the carrying value of an asset by estimating
the future net cash flows expected to result from the asset, including eventual
disposition. If the future net cash flows are less than the carrying value of
the asset, an impairment loss is recorded equal to the difference between the
asset's carrying value and fair value or disposable value. As of March 31, 2008,
the Company did not deem any of its long-term assets to be
impaired.
  6
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO FINANCIAL STATEMENTS
 BASIC AND
DILUTED INCOME (LOSS) PER SHARE
 
 In
accordance with SFAS No. 128, "Earnings Per Share," basic income (loss) per
common share is computed by dividing net income (loss) available to common
stockholders by the weighted average number of common shares outstanding.
Diluted income (loss) per common share is computed similar to basic income per
common share except that the denominator is increased to include the number of
additional common shares that would have been outstanding if the potential
common shares had been issued and if the additional common shares were dilutive.
As of March 31, 2008, the Company did not have any equity or debt instruments
outstanding that can be converted into common stock.
 
 PROVISION
FOR INCOME TAXES
 
 The
Company accounts for income taxes under SFAS 109, "Accounting for Income Taxes."
Under the asset and liability method of SFAS 109, deferred tax assets and
liabilities are recognized for the future tax consequences attributable to
differences between the financial statements carrying amounts of existing assets
and liabilities and their respective tax bases. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled. Under SFAS 109, the effect on deferred tax assets and
liabilities of a change in tax rates is recognized in income in the period the
enactment occurs. A valuation allowance is provided for certain deferred tax
assets if it is more likely than not that the Company will not realize tax
assets through future operations.
 
 FAIR
VALUE OF FINANCIAL INSTRUMENTS
 
 Pursuant
to SFAS No. 107, “Disclosures About Fair Value of Financial Instruments”, the
Company is required to estimate the fair value of all financial instruments
included on its balance sheet as of March 31, 2008. The Company considers the
carrying value of such amounts in the financial statements to approximate their
fair value.
  REVENUE
RECOGNITION
 
 The
Company has not generated any income since its inception.
 
 RECENT
ACCOUNTING PRONOUNCEMENTS
 
 SFAS No. 159 - In
February 2007, the FASB issued Statement No. 159, The Fair Value Option for Financial
Assets and Financial Liabilities—Including an amendment of FASB Statement No.
115.This
Statement permits entities to choose to measure many financial instruments and
certain other items at fair value. The objective is to improve financial
reporting by providing entities with the opportunity to mitigate volatility in
reported earnings caused by measuring related assets and liabilities differently
without having to apply complex hedge accounting provisions. This Statement is
expected to expand the use of fair value measurement, which is consistent with
the Board’s long-term measurement objectives for accounting for financial
instruments. This Statement applies to all entities, including not-for-profit
organizations. Most of the provisions of this Statement apply only to entities
that elect the fair value option. However, the amendment to FASB Statement No.
115, Accounting for Certain
Investments in Debt and Equity Securities, applies to all entities with
available-for-sale and trading securities. Some requirements apply differently
to entities that do not report net income. This Statement is effective as of the
beginning of an entity’s first fiscal year that begins after November 15, 2007.
Early adoption is permitted as of the beginning of a fiscal year that begins on
or before November 15, 2007, provided the entity also elects to apply the
provisions of FASB Statement No. 157, Fair Value Measurements.No
entity is permitted to apply this Statement retrospectively to fiscal years
preceding the effective date unless the entity chooses early adoption. The
choice to adopt early should be made after issuance of this Statement but within
120 days of the beginning of the fiscal year of adoption, provided the entity
has not yet issued financial statements, including required notes to those
financial statements, for any interim period of the fiscal year of adoption.
This Statement permits application to eligible items existing at the effective
date (or early adoption date). The Company adopted SFAS No. 159 beginning
January 1, 2008, and does not believe the impact will be significant to the
Company's overall results of operations or financial position.
  7
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO FINANCIAL STATEMENTS
 SFAS No. 141 (revised
2007) – In December 2007, the FASB issued Statement No. 141 (revised
2007), Business
Combinations.This statement replaces
FASB Statement No. 141 Business
Combinations.The objective of this Statement is to improve
the relevance, representational faithfulness, and comparability of the
information that a reporting entity provides in its financial reports about a
business combination and its effects. To accomplish that, this Statement
establishes principles and requirements for how the acquirer 1) recognizes and
measures in its financial statements the identifiable assets acquired, the
liabilities assumed, and any noncontrolling interest in the acquire, 2)
recognizes and measures the goodwill acquired in the business combination or a
gain from a bargain purchase, and 3) determines what information to disclose to
enable users of the financial statements to evaluate the nature and financial
effects of the business combination. This Statement applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008. The Company is currently assessing the potential effect of SFAS 141
(revised 2007) on its financial statements.
  SFAS No. 160 – In
December 2007, the FASB issued Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements—an amendment of ARB No. 51.The objective of this
Statement is to improve the relevance, comparability, and transparency of the
financial information that a reporting entity provides in its consolidated
financial statements by establishing accounting and reporting standards that
require 1) the ownership interests in subsidiaries held by parties other than
the parent be clearly identified, labeled, and presented in the consolidated
statement of financial position within equity, but separate from the parent’s
equity, 2) the amount of consolidated net income attributable to the parent and
to the noncontrolling interest be clearly identified and presented on the face
of the consolidated statement of income, 3) changes in a parent’s ownership
interest while the parent retains its controlling financial interest in its
subsidiary be accounted for consistently, 4) when a subsidiary is
deconsolidated, any retained noncontrolling equity investment in the former
subsidiary be initially measured at fair value, and 5) entities provide
sufficient disclosures that clearly identify and distinguish between the
interests of the parent and the interests of the noncontrolling owners.This Statement is
effective for fiscal years, and interim periods within those fiscal years,
beginning on or after December 15, 2008.  The Company is currently
assessing the potential effect of SFAS 160 on its financial
statements.
  8
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO FINANCIAL STATEMENTS
 SFAS No. 161 - In
December 2007, the FASB issued Statement No. 161, Disclosures about Derivative
Instruments and Hedging Activities—an amendment of FASB Statement No.
133. This Statement changes the disclosure requirements for derivative
instruments and hedging activities. Entities are required to provide enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under
Statement 133 and its related interpretations, and (c) how derivative
instruments and related hedged items affect an entity’s financial position,
financial performance, and cash flows.
  This
Statement is intended to enhance the current disclosure framework in Statement
133. The Statement requires that objectives for using derivative instruments be
disclosed in terms of underlying risk and accounting designation. This
disclosure better conveys the purpose of derivative use in terms of the risks
that the entity is intending to manage. Disclosing the fair values of derivative
instruments and their gains and losses in a tabular format should provide a more
complete picture of the location in an entity’s financial statements of both the
derivative positions existing at period end and the effect of using derivatives
during the reporting period. Disclosing information about credit-risk-related
contingent features should provide information on the potential effect on an
entity’s liquidity from using derivatives. Finally, this Statement requires
cross-referencing within the footnotes, which should help users of financial
statements locate important information about derivative
instruments.
  This
Statement is effective for financial statements issued for fiscal years and
interim periods beginning after November 15, 2008, with early application
encouraged. This Statement encourages, but does not require, comparative
disclosures for earlier periods at initial adoption. The Company is currently
evaluating SFAS 161 and has not yet determined its potential impact on its
future results of operations or financial position.
  (2)
                  PROPERTY
      AND EQUIPMENT
 A summary
as of March 31, 2008, is as follows:
 Computer
      equipment
                  
                  $
                  1,861Less
      accumulated depreciation
                  
                  
                  (465
                  )$
                  1,396
 
 The
computer equipment is being depreciated on a straight-line basis over its
estimated useful life of 3 years.  Depreciation expense amounted to
$155 for the three months ended March 31, 2008.
 
 (3)
                  STOCKHOLDERS'
      EQUITY
 
 The
Company is authorized to issue up to 50,000,000 shares of $0.001 par value
common stock and 5,000,000 shares of $0.001 par value preferred
stock.  Each share of common stock shall entitle the holder to one
vote, in person or by proxy, on any matter on which action of the stockholders
of this corporation is sought.  The holders of shares of preferred
stock shall have no right to vote such shares, with certain exceptions as
determined by the Board of Directors.
  9
 INTERNATIONAL
VINEYARD, INC.
 (A
DEVELOPMENT STAGE COMPANY)
 NOTES
TO FINANCIAL STATEMENTS
   In April
2007, the Company issued 7,900,000 shares of its common stock to its founders at
$.001 per share for an aggregate total of $7,900.
 
 In June
2007, the Company performed a private placement and issued 1,324,375 shares of
common stock at $0.08 per share for an aggregate total of $105,850.
 
 In
October 2007, the Company submitted its Registration Statement on Form SB-2 for
the registration of 1,524,375 shares of its outstanding common
stock.  On October 15, 2007, the Company’s registration statement was
declared effective by the Securities and Exchange Commission.
  (4)
                  PROVISION
      FOR INCOME TAXES
 
 As of
March 31, 2008, the Company reported an estimated federal net operating loss
carryforward of approximately $58,000 which can be used to offset future federal
income tax.  The federal net operating loss carryforward expires in
2028.  Deferred tax assets resulting from the net operating losses are
reduced by a valuation allowance, when, in the opinion of management,
utilization is not reasonably assured.
 
 As of
March 31, 2008, the Company had the following deferred tax assets that related
to its net operating losses.  A 100% valuation allowance has been
established, as management believes it more likely than not that the deferred
tax assets will not be realized:
 
 Federal
      loss carryforward (@ 25%)
                  
                  $
                  14,500Less:
      valuation allowance
                  
                  
                  (14,500
                  )Net
      deferred tax asset
                  
                  $
                  -
 
 The
Company’s valuation allowance increased by $8,050 for the three months ended
March 31, 2008.
  (5)
                  RELATED-PARTY
      TRANSACTIONS
 
 From the
Company’s inception through March 31, 2008, the Company utilized the office of a
founder who is also an officer and shareholder of the Company. Through June
2007, the Company did not pay any rent and treated the usage of the office as if
it were being donated. It charged the estimated fair value rent of $800 per
month to operations. Commencing July 2007, the Company paid its pro rata share
of the office rent at $800 a month through December 2007, $1,058 for January and
February 2008, and $1,000 for March 2008.  Total rent charged to
operations amounted to $3,116 for the three months ended March 31,
2008.
  (6)
                      SUBSEQUENT
      EVENT
 In May
2007, the Company received its license to operate as a distributor from the
California Department of Alcoholic Beverage Control.
 10
 Item 2.  Plan of
Operation
 
 This
following information specifies certain forward-looking statements of management
of the company. Forward-looking statements are statements that estimate the
happening of future events and are not based on historical fact. Forward-looking
statements may be identified by the use of forward-looking terminology, such as
“may”, “shall”, “could”, “expect”, “estimate”, “anticipate”, “predict”,
“probable”, “possible”, “should”, “continue”, or similar terms, variations of
those terms or the negative of those terms. The forward-looking statements
specified in the following information have been compiled by our management on
the basis of assumptions made by management and considered by management to be
reasonable. Our future operating results, however, are impossible to predict and
no representation, guaranty, or warranty is to be inferred from those
forward-looking statements.
 
 The
assumptions used for purposes of the forward-looking statements specified in the
following information represent estimates of future events and are subject to
uncertainty as to possible changes in economic, legislative, industry, and other
circumstances. As a result, the identification and interpretation of data and
other information and their use in developing and selecting assumptions from and
among reasonable alternatives require the exercise of judgment. To the extent
that the assumed events do not occur, the outcome may vary substantially from
anticipated or projected results, and, accordingly, no opinion is expressed on
the achievability of those forward-looking statements. We cannot guaranty that
any of the assumptions relating to the forward-looking statements specified in
the following information are accurate, and we assume no obligation to update
any such forward-looking statements.
 
 Critical Accounting Policies and
Estimates.Our Management’s Discussion and Analysis of Financial
Condition and Results of Operations section discusses our financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States of America. The preparation of these financial
statements requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. On an on-going basis, management evaluates its estimates and
judgments, including those related to revenue recognition, accrued expenses,
financing operations, and contingencies and litigation. Management bases its
estimates and judgments on historical experience and on various other factors
that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying value of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates under different assumptions or conditions. The most
significant accounting estimates inherent in the preparation of our financial
statements include estimates as to the appropriate carrying value of certain
assets and liabilities which are not readily apparent from other
sources.
 
 These
accounting policies are described at relevant sections in this discussion and
analysis and in the notes to the financial statements included in our Quarterly
Report on Form 10-Q for the period ended March 31, 2008.
 
 Liquidity and Capital
Resources. We had cash and cash equivalents of $56,211as of March 31,
2008.  We also had prepaid expenses of $1,552, and our total current
assets $57,763.   As of March 31, 2008, we also had $1,396 in
property and equipment, net of accumulated depreciation, making our total assets
$59,159 as of that date.  In June 2007, we raised $105,950 in a
private placement in exchange for 1,324,375 shares of our common stock, or $0.08
per share. In April 2007, we raised $7,900 in a private placement in exchange
for 7,900,000 shares of our common stock, $0.001 per share. We intend to use
those proceeds to pay for the development of our wines, marketing expenses and
working capital.
  11
 
 As of
March 31, 2008, we had liabilities of $3,097, all of which were represented by
accounts payable and accrued expenses. During 2007, we incurred significant
accounting costs associated with the audit of our financial statements. We expect thatthe
legal and accounting costs of being a public companywill continue to impact
our liquidity and we may need to obtain funds to pay those expenses.Other than the anticipated increases in legal and accounting costs due to
the reporting requirements of being a reporting company, we are not aware of any
other known trends, events or uncertainties, which may affect our future
liquidity.
 
 In
October 2007, we filed a Registration Statement on Form SB-2 for the
registration of 1,524,375 shares of our outstanding common stock.  On
October 15, 2007, our registration statement was declared effective by the
Securities and Exchange Commission.  The purpose of the SB-2 was to
register shares of common stock held by our existing shareholders.
 
 For the three months ended
March 31, 2008.
 
 Results
of Operations.
 
 Revenues.We had no
revenue for the period from our inception on April 2, 2007 through March 31,
2008.
 
 Operating Expenses and Net Loss.Our general and administrative expenses and our loss before income taxes
was $12,300 for the three months ended March 31, 2008. After provision of income
taxes of $800, our net loss was $13,100 for the three months ended March 31,
2008. Our net loss was $55,088 for the period from our inception on April 2,
2007 through March 31, 2008.
 
 Our Plan of Operation for the Next
Twelve Months.  To effectuate our business plan during the next
twelve months, we must continue to develop our wine products and begin selling
the wines. We are currently marketing our wines to distributors in China. We
believe that we will need to spend approximately $10,000 to market our wines.
However, we may need to spend more funds on marketing and promotion than we have
initially estimated. Our failure to market and promote our services will hinder
our ability to increase the size of our operations and generate revenues. If we
are not able to generate revenues that cover our estimated operating costs, our
business may ultimately fail.
  During
the next three to six months, our primary objective is to complete development
of our wines and commence sales of the wines. We hope to begin shipping the Oseo
and Stone Barn wines during the second quarter of 2008. We hope to complete
development of our French red table wine and begin shipping in 2008. Our
president has extensive experience and contacts in the industry and we believe
that we will be able to market and sell the wines that we are developing through
his contacts.
 
 We had
cash of $57,211 as of March 31, 2008. In the opinion of management, available
funds will satisfy our working capital requirements for the next twelve months.
Our forecast for the period for which our financial resources will be adequate
to support our operations involves risks and uncertainties and actual results
could fail as a result of a number of factors.  In the event that we
experience a shortfall in our capital, we intend to pursue capital through
public or private financing as well as borrowings and other sources, such as our
officers, director and principal shareholders. We cannot guaranty that
additional funding will be available on favorable terms, if at all. If adequate
funds are not available, we hope that our officers, director and principal
shareholders will contribute funds to pay for our expenses to achieve our
objectives over the next twelve months. However, our officers, director and
principal shareholders are not committed to contribute funds to pay for our
expenses.
 
 We are
not currently conducting any research and development activities other than the
development of our website which we expect the total cost to be approximately
$1,500. We do not anticipate that we will purchase or sell any significant
equipment. In the event that we generate significant revenues and expand our
operations, then we may need to hire additional employees or independent
contractors as well as purchase or lease additional equipment.
 
 Because
we have limited operations and assets, we may be considered a shell company as
defined in Rule 12b-2 of the Securities Exchange Act of 1934. Accordingly, we
have checked the box on the cover page of this report that specifies we are a
shell company.
 
 Off-Balance Sheet Arrangements.We have no off-balance sheet arrangements.
  12
 
 Item 3. Quantitative and
Qualitative Disclosures about Market Risk
  Not
applicable.
  Item 4. Controls and
Procedures
 
 Evaluation of disclosure controls and
procedures. We maintain controls and procedures designed to ensure that
information required to be disclosed in the reports that we file or submit under
the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the rules and forms of the
Securities and Exchange Commission. Based upon their evaluation of those
controls and procedures performed as of March 31, 2008, the date of this report,
our chief executive officer and the principal financial officer concluded that
our disclosure controls and procedures were effective.
 
 Item 4(T). Controls and
Procedures.
 
 Changes in internal controls.There were no changes in our internal control over financial reporting
that occurred during the fiscal quarter covered by this report that have
materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.
 
 
 PART
II — OTHER INFORMATION
 
 Item 1. Legal
Proceedings.
 
 None.
 
 Item 1A. Risk
Factors.
 
 Not
applicable.
 
 Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
 
 None.
 
 Item 3.  Defaults
Upon Senior Securities
 
 None.
 
 Item
4.  Submission of Matters to Vote of Security
Holders
 
 None.
 
 Item 5.  Other
Information
 
 None.
 
 Item
6.  Exhibits
  31. Rule 13a-14(a)/15d-14(a) Certifications.
  32.
Section 1350 Certifications.
  13
  SIGNATURES
 
 In
accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
  International
      Vineyard, Inc.,
                    a
      Delaware corporationDate:
      May 13, 2008
                  By:
                  /s/ Keith
      BootowKeith
      Bootow
                    Principal
      Executive Officer,
                    President,
      Secretary, Director   Date:
      May 13, 2008
                        By:
                        /s/ Robert
      DeMateRobert
      DeMate
                          Principal Financial
      Officer,
                            Chief
      Financial Officer, Director
    14