UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q








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





For
the quarterly period ended: March 31, 2008


OR





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





For
the transition period from ______ to ______





Commission
File No. 333-145134





WiTel
Corp.


(Exact
Name of Registrant as Specified in its Charter)





Nevada
              (State
      or other Jurisdiction of Incorporation or Organization)
              
              1800
      Century Park East, Suite 600
              Los
      Angeles, CA
              (Address
      of Principal Executive Offices)
            20-8734462
              (I.R.S.
      Employer Identification No.)
              
              
              90067
              (Zip
      Code)





Issuer’s
telephone number: (403) 998-1677







Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. Y es [X] No
[   ]





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting
company.





Large
      accelerated filer [   ]
            Accelerated
      filer [   ]Non-accelerated
      filer [   ] (Do not check if a smaller reporting
      company)
            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). Yes [X ]
No [   ]





APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY


PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:





Indicate
by check mark whether the registrant has filed all documents and reports
required to be filed by Section l2, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court. Yes
[   ]  No [   ]





APPLICABLE
ONLY TO CORPORATE ISSUERS





Indicate
the number of shares outstanding of each of the issuer’s classes of common
equity, as of the latest practicable date: As of May 19, 2008, the number of
shares outstanding of the issuer’s sole class of common stock, par value, $0.001
per share, is 6,250,000.

















TABLE
OF CONTENTS




PART
      I – FINANCIAL INFORMATION
              1Item
      1.
              Financial
      Statements
              1Balance
      Sheet
              1Statements
      of Operations
              2Statements
      of Cash Flows
              3Notes
      to Financial Statements
              4Item
      2.
              Management's
      Discussion and Analysis of Financial Conditions and Results of
      Operations
              7Results
      of Operations
              9Three
      months ended March 31, 2008 compared with the period from February 20,
      2007 (inception) through March 31, 2007
              10Liquidity
      and Capital Resources
              12Off-Balance
      Sheet Arrangements
              12-
      Revenue Recognition
              13-
      Inventory
              13-
      Contingencies
              13Item
      3.
              Quantitative
      and Qualitative Disclosures about Market Risk
              13Item
      4.
              Controls
      and Procedures
              13Item
      4T.
              Controls
      and Procedures
              14PART
      II -- OTHER INFORMATION
              14
 Item
      1.
              Legal
      Proceedings
              14Item
      1A.
              Risk
      Factors
              15Item
      2.
              Unregistered
      Sales of Equity Securities and Use of Proceeds
              15Item
      3.
              Defaults
      Upon Senior Securities
              15Item
      4.
              Submission
      of Matters to a Vote of Security Holders
              15Item
      5.
              Other
      Information
              15Item
      6.
              Exhibits
              16SIGNATURES
              17CERTIFICATION
      PURSUANT TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF
    2002
              18CERTIFICATION
      PURSUANT TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF
    2002
              19CERTIFICATION
      PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF
      THE SARBANES-OXLEY ACT OF 2002
              20CERTIFICATION
      PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF
      THE SARBANES-OXLEY ACT OF 2002
              21
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)


PART
      I – FINANCIAL INFORMATION
              
              Item
      1. Financial Statements
              
              Balance
      SheetMarch
      31,
            
            
            December
      31,2008
              (Unaudited)
            
            
            2007
              (Audited)AssetsCurrent
      assetsCash
            
            $
            39,503
            
            
            $
            13,936Inventory (Note 2)
            
            
            23,000
            
            
            
            23,000Total
      current assets
            
            
            62,503
            
            
            
            36,936Total
      assets
            
            $
            62,503
            
            
            $
            36,936Liabilities
      and Stockholders’ EquityCurrent
      liabilitiesAccounts payable
            
            $
            7,100
            
            
            $
            -Total
      current liabilities
            
            
            7,100
            
            
            
            -Total
      liabilities
            
            
            7,100
            
            
            
            -Stockholders’
      equityCommon stock - $.001 par value,
      authorized: 75,000,000 shares, 6,250,000 and 6,100,000 shares issued and
      outstanding as of March 31, 2008 and December 31, 2007 (Note
      4)
            
            
            6,250
            
            
            
            6,100Additional paid-in
      capital
            
            
            146,100
            
            
            
            96,250Accumulated
deficit
            
            
            (96,947
            )
            
            
            (65,414
            )Total
      stockholders’ equity
            
            
            55,403
            
            
            
            36,936Total
      liabilities and stockholders’ equity
            
            $
            62,503
            
            
            $
            36,936





See accompanying notes to financial statements.





1
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)


Statements
      of OperationsFor the
              Three
      Months
              Ended
            
            
            For
      the Period
              from
      inception
              (February
      20, 2007)
              toMarch
      31,
            
            
            March
      31,
            
            
            March
      31,2008
              (Unaudited)
            
            
            2007
              (Unaudited)
            
            
            2008
              (Unaudited)Revenues
            
            $
            -
            
            
            $
            -
            
            
            $
            17,500Expenses:General
      and Administrative
            
            
            7,533
            
            
            
            2,000
            
            
            
            38,263Research
      and Development
            
            
            -
            
            
            
            -
            
            
            
            2,000Website
      Development
            
            
            2,000
            
            
            
            -
            
            
            
            10,933Software
      Development
            
            
            5,000
            
            
            
            -
            
            
            
            10,000Professional
      Fees
            
            
            17,000
            
            
            
            25,000
            
            
            
            49,500Stock
      Based Compensation
            
            
            -
            
            
            
            3,750
            
            
            
            3,750Net
      Loss
            
            $
            (31,533
            )
            
            $
            (30,750
            )
            
            $
            (96,947
            )Basic
      and diluted loss per share
            
            $
            (0.006
            )
            
            $
            (0.008
            )
            
            $
            (0.017
            )Weighted
      average number of common shares outstanding
              used
      to calculate basic anddiluted
      loss per share
            
            
            5,573,856
            
            
            
            3,750,000
            
            
            
            5,720,025





See
accompanying notes to financial statements.








2
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)





Statements
      of Cash FlowsFor
      the Three Months Ended
              March
      31,
              2008
              (Unaudited)
            
            
            For
      the period from February 20, 2007 (Inception) through March 31,
      2007
              (Unaudited)
            
            
            For
      the period from February 20, 2007 (Inception) through March 31,
      2008
              (Unaudited)Cash
      flows from operating activitiesNet loss
            
            $
            (31,533
            )
            
            $
            (30,750
            )
            
            $
            (96,947
            )Adjustments to reconcile net loss
      to cash
              provided by operating
      activities:Depreciation
      and amortization
            
            
            -
            
            
            
            -
            
            
            
            -Stock
      based compensation
            
            
            -
            
            
            
            3,750
            
            
            
            3,750Changes
      in assets and liabilities:Organizational
      costs
            
            
            -
            
            
            
            -
            
            
            
            -Inventories
            
            
            -
            
            
            
            -
            
            
            
            (23,000
            )Accounts
      payable
            
            
            7,100
            
            
            
            14,500
            
            
            
            7,100Loans
      from shareholder
            
            
            -
            
            
            
            17,500
            
            
            
            -Net
      cash provided by (used in) operating activities
            
            
            (24,433
            )
            
            
            (5,000
            )
            
            
            (109,097
            )Cash
      flows from investing activitiesWebsite
development
            
            
            -
            
            
            
            (5,000
            )
            
            
            -Accumulated amortization,
      website
            
            
            -
            
            
            
            -
            
            
            
            -Net
      cash Provided by (used in) investing activities
            
            
            -
            
            
            
            (5,000
            )
            
            
            -Cash
      flows from financing activitiesCapital stock
            
            
            150
            
            
            
            3,750
            
            
            
            6,250Stock based
      compensation
            
            
            -
            
            
            
            (3,750
            )
            
            
            (3,750
            )Paid-in capital
            
            
            49,850
            
            
            
            -
            
            
            
            146,100Net
      cash provided by (used in) financing activities
            
            
            50,000
            
            
            
            -
            
            
            
            148,600Net
      increase (decrease) in cash and cash equivalents
            
            
            25,567
            
            
            
            -
            
            
            
            39,503Cash and cash
      equivalents, beginning of period
            
            
            13,936
            
            
            
            -
            
            
            
            -Cash and cash
      equivalents, end of period
            
            $
            39,503
            
            
            $
            -
            
            
            $
            39,503Supplemental
      disclosure of cash flow informationCash paid during the period
      for:Interest
            
            $
            -
            
            
            $
            -
            
            
            $
            -Income
      taxesIncome taxes
            
            $
            -
            
            
            $
            -
            
            
            $
            -





See
accompanying notes to financial statements.


3
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)





Notes
to Financial Statements





NOTE
1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION




WiTel
Corp. (the "Company") is in the initial development stage and has incurred
losses since inception totaling $96,947. The Company was incorporated on
February 20, 2007 in the State of Nevada. The fiscal year end of the Company is
December 31. The Company intends to sell wireless phones that utilizes wireless
internet (WiFi) to deliver calls to its subscribers wherever they are in the
world.





The
ability of the Company to continue as a going concern is dependent on raising
capital to fund its business plan and ultimately to attain profitable
operations. Accordingly, these factors raise substantial doubt as to the
Company's ability to continue as a going concern. The Company is funding its
initial operations by way of issuing Founders' shares and entering into a
private placement offering for 2,250,000 shares at $0.02 per share. As of March
31, 2008, the Company had issued 3,750,000 Founders shares at $0.001 per share
for services rendered in the amount of $3,750 and 2,250,000 shares at $0.02 per
share for proceeds of $48,600, which $48,600 has been received by the Company.
In October 2007, the Company entered into a private placement offering for
100,000 shares at $0.50 per share for proceeds of $50,000, which has been
received by the Company. In March 2008, the Company entered into a private
placement offering for 150,000 shares at $0.33 per share for proceeds of
$50,000, which has been received by the Company.





NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


BASIS
OF PRESENTATION





These
financial statements are presented in United States dollars and have been
prepared in accordance with accounting principles generally accepted in the
United States.





USE
OF ESTIMATES AND ASSUMPTIONS





Preparation
of the financial statements in conformity with accounting principles generally
accepted in the United States requires management to make estimates and
assumptions that affect certain reported amounts and disclosures. Accordingly,
actual results could differ from those estimates.





INTERIM
FINANCIAL STATEMENTS





The
financial statements for the three months ended March 31, 2008 and for the
period from February 20, 2007 (inception) through March 31, 2007, are unaudited.
In the opinion of management, such financial statements include all adjustments
(consisting of normal recurring accruals) necessary for the fair presentation of
the financial position and the results of operations. The results of operations
for the periods presented are not necessarily indicative of the results to be
expected for the full year.  These interim financial statements should
be read in conjunction with our audited financial statements for the period
ended December 31, 2007 as reflected in our Form 10-K filed with the Securities
and Exchange Commission.





INVENTORIES





Inventories
are stated at the lower of cost or market. The Company uses the first-in,
first-out method for inventory.


4
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)


INCOME
TAXES





The
Company follows the liability method of accounting for income taxes in
accordance with Statements of Financial Accounting Standards ("SFAS") No.109, "Accounting for Income
Taxes." Under this method, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities and
their respective tax balances. Deferred tax assets and liabilities are measured
using enacted or substantially enacted tax rates expected to apply to the
taxable income in the years in which those differences are expected to be
recovered or settled. The effect on deferred tax assets and liabilities of a
change in tax rates is recognized in income in the period that includes the date
of enactment or substantive enactment.





NET
LOSS PER SHARE





Basic
loss per share includes no dilution and is computed by dividing loss available
to common stockholders by the weighted average number of common shares
outstanding for the period. Dilutive loss per share reflects the potential
dilution of securities that could share in the losses of the Company. Because
the Company does not have any potentially dilutive securities, diluted loss per
share is equal to basic loss per share.





STOCK-BASED
COMPENSATION





The
Company has not adopted a stock option plan and has not granted any stock
options. The Company granted stock awards, at par value, to its officers,
directors and advisors for services rendered in its formation. Accordingly,
stock-based compensation has been recorded to date. In December 2004, the
Financial Accounting Standards Board ("FASB") issued SFAS No. 123R,
"SHARE-BASED PAYMENT."
SFAS No. 123R establishes standards for the accounting for transactions in which
an entity exchanges its equity instruments for goods or services. It also
addresses transactions in which an entity incurs liabilities in exchange for
goods or services that are based on the fair value of the entity's equity
instruments or that may be settled by the issuance of those equity instruments.
SFAS No. 123R focuses primarily on accounting for transactions in which an
entity obtains employee services in share-based payment transactions. SFAS No.
123R requires that the compensation cost relating to share-based payment
transactions be recognized in financial statements. That cost will be measured
based on the fair value of the equity or liability instruments issued. Public
entities that file as small business issuers will be required to apply SFAS No.
123R in the first interim or annual reporting period that begins after December
15, 2005.





In March
2005, the SEC staff issued Staff Accounting Bulletin ("SAB") No. 107, "SHARE-BASED PAYMENT," to
give guidance on the implementation of SFAS No. 123R. Management will consider
SAB No. 107 during the implementation of SFAS No. 123R.





RESEARCH
AND DEVELOPMENT COSTS





Research
and development costs are expenses as incurred.





RECENT
ACCOUNTING PRONOUNCEMENTS





In
September 2006, the Financial Accounting Standards Board ("FASB") issued SFAS No. 157,
"FAIR VALUE MEASURES"
("SFAS No. 157"). This
Statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles (GAAP), expands disclosures about
fair value measurements, and applies under other accounting pronouncements that
require or permit fair value measurements. SFAS No. 157 does not require any new
fair value measurements. However, the FASB anticipates that for some entities,
the application of SFAS No. 157 will change current practice. SFAS No. 157 is
effective for financial statements issued for fiscal years beginning after
November 15, 2007, which for the Company would be the fiscal year beginning
January 1, 2008. The Company is currently evaluating the impact of SFAS No. 157
but does not expect that it will have a material impact on its financial
statements.


5
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




In
September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for Defined
Benefit Pension and Other Postretirement Plans." This Statement requires
an employer to recognize the over funded or under funded status of a defined
benefit post retirement plan (other than a multiemployer plan) as an asset or
liability in its statement of financial position, and to recognize changes in
that funded status in the year in which the changes occur through comprehensive
income. SFAS No. 158 is effective for fiscal years ending after December 15,
2006. The Company does not expect that the implementation of SFAS No. 158 will
have any material impact on its financial position and results of
operations.





In
September 2006, the SEC issued Staff Accounting Bulletin ("SAB") No. 108, "Considering the Effects of Prior
Year Misstatements when Quantifying Misstatements in Current Year Financial
Statements." SAB No. 108 addresses how the effects of prior year
uncorrected misstatements should be considered when quantifying misstatements in
current year financial statements. SAB No. 108 requires companies to quantify
misstatements using a balance sheet and income statement approach and to
evaluate whether either approach results in quantifying an error that is
material in light of relevant quantitative and qualitative factors. SAB No. 108
is effective for periods ending after November 15, 2006. The Company is
currently evaluating the impact of adopting SAB No. 108 but does not expect that
it will have a material effect on its financial statements.





NOTE
3 - FAIR VALUE OF FINANCIAL INSTRUMENTS





In
accordance with the requirements of SFAS No. 107, the Company has determined the
estimated fair value of financial instruments using available market information
and appropriate valuation methodologies. The fair value of financial instruments
classified as current assets or liabilities approximate their carrying value due
to the short-term maturity of the instruments.





NOTE
4 - CAPITAL STOCK




The
Company's capitalization is 75,000,000 common shares with a par value of $0.001
per share. No preferred shares have been authorized or issued.





As of
February 28, 2007, the Company issued 3,750,000 shares of its common stock at
$0.001 per share for services rendered in the amount of $3,750 to its directors,
professionals and others.





PRIVATE
PLACEMENT





In April
2007, the Company authorized a private placement offering of up to 2,250,000
shares of common stock at a price of $0.02 per share for a total amount of
$48,600, which was received by the Company as of May 1, 2007 from the sale of
its private placement stock to 18 accredited investors in a transaction that is
exempt from the registration requirements of the Securities Act of 1933, as
amended (the “Act”) in reliance on Section 4(2) of the Act. In October 2007, the
Company authorized and issued 100,000 shares at $0.50 per share for total
proceeds of $50,000 to an institutional investor in an exempt transaction in
reliance on Section 4(2) and Regulation S of the Act. In March 2008, the Company
authorized and issued 150,000 shares at $0.33 per share for total proceeds of
$50,000 to an institutional investor in an exempt transaction in reliance on
Section 4(2) and Regulation S of the Act.





NOTE
6 - INCOME TAXES


As of
March 31, 2008, the Company had net operating loss carry forwards of
approximately $96,947 that may be available to reduce future years' taxable
income and will expire commencing in 2026. Availability of loss usage is subject
to change of ownership limitations under Internal Revenue Code 382. Future tax
benefits which may arise as a result of these losses have not been recognized in
these financial statements, as their realization is determined not likely to
occur and, accordingly, the Company has recorded a full valuation allowance for
the deferred tax asset relating to these tax loss carry
forwards.


6
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)





Item
2. Management's Discussion and Analysis of Financial Conditions and Results of
Operations





The
following is management's discussion and analysis of certain significant factors
that have affected our financial condition, results of operations and cash flows
during the periods included in the accompanying unaudited financial statements.
This discussion should be read in conjunction with the financial statements and
notes included in our Annual Report on Form 10-K (SEC file no.
333-145134).





Special
Note Regarding Forward Looking Statements





This
Quarterly Report on Form 10-Q contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. The Act
provides a safe harbor for forward-looking statements to encourage companies to
provide prospective information about themselves so long as they identify these
statements as forward-looking and provide meaningful cautionary statements
identifying important factors that could cause actual results to differ from the
projected results. All statements, other than statements of historical fact,
that we make in this Quarterly Report on Form 10-Q are forward-looking. The
words "anticipates," "believes," "expects," "intends," "will continue,"
"estimates," "plans," "projects," the negative of these terms and similar
expressions are intended to identify forward-looking
statements.  However, the absence of these words does not mean the
statement is not forward-looking.





Forward-looking
statements involve risks, uncertainties or other factors which may cause actual
results to differ materially from the future results, performance or
achievements expressed or implied by the forward-looking statements. These
statements are based on our management's beliefs and assumptions, which in turn
are based on currently available information. Certain risks, uncertainties or
other important factors are detailed in this Quarterly Report on Form 10-Q and
may be detailed from time to time in other reports we file with the Securities
and Exchange Commission, including on Forms 8-K and 10-K.





Examples
of forward looking statements in this Quarterly Report on Form 10-Q include, but
are not limited to, our expectations regarding our ability to generate
operating  cash flows and to fund our working capital and capital
expenditure requirements. Important assumptions relating to the forward-looking
statements include, among others, assumptions regarding demand for our products,
pricing levels, the timing and cost of capital expenditures, competitive
conditions and general economic conditions. These assumptions could prove
inaccurate. Although we believe that the estimates and projections reflected in
the forward-looking statements are reasonable, our expectations may prove to be
incorrect. Important factors that could cause actual results to differ
materially from the results and events anticipated or implied by such
forward-looking statements include:





·
            the
      risks of a development stage
company;


·
            management’s
      plans, objectives and budgets for its future operations and future
      economic performance;


·
            capital
      budget and future capital
requirements;


·
            meeting
      future capital needs;


·
            our
      dependence on management and the need to recruit additional
      personnel;


·
            limited
      trading for our common stock


·
            the
      level of future expenditures;


·
            impact
      of recent accounting
pronouncements;


·
            the
      outcome of regulatory and litigation matters;
  and


·
            the
      assumptions described in this report underlying such forward-looking
      statements. Actual results and developments may materially differ from
      those expressed in or implied by such statements due to a number of
      factors, including:


·
            those
      described in the context of such forward-looking
    statements;


·
            future
      product development and marketing
costs;


·
            changes
      in our pricing plans;


·
            timely
      development and acceptance of our
products;


·
            the
      markets of our domestic operations;


·
            the
      impact of competitive products and
pricing;


·
            the
      political, social and economic climate in which we conduct operations;
      and


·
            the
      risk factors described in other documents and reports filed with the
      Securities and Exchange Commission, including our Registration Statement
      on Form SB-2/A (SEC File No.
333-145134).


7
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




We
operate in a very competitive and rapidly changing environment. New risks emerge
from time to time. It is not possible for us to predict all of those risks, nor
can we assess the impact of all of those risks on our business or the extent to
which any factor may cause actual results to differ materially from those
contained in any forward-looking statement. We believe these forward-looking
statements are reasonable. However, you should not place undue reliance on any
forward-looking statements, which are based on current expectations. Further,
forward-looking statements speak only as of the date they are made, and unless
required by law, we expressly disclaim any obligation or undertaking to update
publicly any of them in light of new information or future events.





In this
Quarterly Report on Form 10-Q, "Company," "the Company," "us," and "our" refer
to WiTel Corp., a Nevada corporation, unless the context requires
otherwise.





The
accompanying financial statements have been prepared on a going concern basis,
which contemplates the realization of assets and the satisfaction of liabilities
in the normal course of business. The financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts or the amounts and classification of liabilities that might be necessary
should we be unable to continue as a going concern. Our continuation as a going
concern is dependent upon our ability to generate sufficient cash flows to meet
our obligations on a timely basis.





We are
embarking on efforts to raise equity financing. However, there can be no
assurance that we will be able to obtain financing or that if such financing
were available, whether the terms or conditions would be acceptable to
us.





Although
we believe the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, performance or achievement. We
undertake no obligation to revise or publicly release the results of any
revisions to these forward-looking statements. If we do update or correct one or
more forward-looking statements, investors and others should not conclude that
we will make additional updates or corrections to other forward-looking
statements.





We intend
the following discussion to assist in the understanding of our financial
position and our results of operations for the three months ended March 31, 2008
and the period from February 20, 2007 (inception) through March 31, 2007. You
should refer to the Financial Statements and related Notes in conjunction with
this discussion.


8
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




Results
of Operations





The
following table summarizes the results of our operations during the three months
ended March 31, 2008 and for the period from February 20, 2007 (inception)
through March 31, 2007 and provides information regarding the dollar and
percentage increase or (decrease) from the current fiscal period to the
comparable prior fiscal period:





Statement
of Income


For the
three months ended March 31, 2008


and the
comparable period from


February
20, 2007 (inception) through March 31, 2007




March
      31,
              
              
              March
      31,
              
              
              $
      Increase
              
              
              % Increase2008
              
              
              2007
              
              
              (Decrease)
              
              
              (Decrease)Net
      revenues
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              
              0.0Operating
      expenses
              
              
              31,533
              
              
              
              27,000
              
              
              
              783
              
              
              
              2.5Income
      (loss) from continuing operations
              
              
              (31,533
              )
              
              
              (27,000
              )
              
              
              (783
              )
              
              
              2.5Other
      income
              
              
              -
              
              
              
              (3,750
              )
              
              
              3,750
              
              
              
              100.0Provision
      for income taxes
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              0.0Net
      income (loss) from continuing operations
              
              
              (31,533
              )
              
              
              (30,750
              )
              
              
              783
              
              
              
              2.5Earnings
      (loss) per common share:Basic
              
              
              (0.006
              )
              
              
              (0.008
              )
              
              
              (0.002
              )
              
              
              (25.0
              )Fully diluted
              
              
              (0.006
              )
              
              
              (0.008
              )
              
              
              (0.002
              )
              
              
              (25.0
              )Weighted
      average common shares outstanding:Basic and fully
      diluted
              
              
              5,573,856
              
              
              
              3,750,000
              
              
              
              1,823,856
              
              
              
              48.6




We are a
development-stage company organized to enter into the wireless services industry
by selling wireless phones, accessories and services, worldwide, utilizing
“wi-fi.” We have recently commenced business operations and have not generated
any revenues.





In our
annual report on Form 10-K, our auditors have issued a "going concern" opinion.
This means that there is substantial doubt that we can continue as an on-going
business for the next twelve months unless we obtain additional capital to pay
our bills. This is because we have not generated any revenues and we do not
anticipate any revenues until we have completed our business plan and have
raised additional financing. Accordingly, we must raise cash from sources other
than from the sale of our products and services. Our only other source for cash
at this time is investments by others in us. We must raise cash to implement our
business strategy and stay in business. Our ability to develop new products and
services will determine our success or failure.





As of
March 31, 2008, we had $39,503 cash on hand and in the bank. Management does
believe this amount will satisfy our cash requirements for the next three
months. We plan to satisfy our future cash requirements - primarily the working
capital required for the development of our e-commerce systems and marketing
campaign and to offset legal and accounting fees - by additional equity
financing.  This will likely be in the form of private placements of
common stock.  In March 2008, the Company issued 150,000 shares at
$0.33 per share, under a private placement, for $50,000, in a transaction exempt
under Section 4(2) of the Act, as amended to an institutional
investor.


9
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




Management
believes that if subsequent private placements are successful, we will generate
sales revenue within the following twelve months thereof. However, additional
equity financing may not be available to us on acceptable terms or at all, and
thus we could fail to satisfy our future cash requirements.





If we are
unsuccessful in raising the additional proceeds through a private placement
offering, we will then have to seek additional funds through debt financing,
which would be highly difficult for a new development stage company to secure.
Therefore, we are highly dependent upon the success of a future private
placement offering and failure thereof would result in our having to seek
capital from other resources such as debt financing, which may not even be
available to us. However, if such financing were available, because we are a
development stage company with no operations to date, we would likely have to
pay additional costs associated with high risk loans and be subject to an above
market interest rate. At such time these funds are required, management would
evaluate the terms of such debt financing and determine whether the business
could sustain operations and growth and manage the debt load. If we cannot raise
additional proceeds via a private placement of our common stock or secure debt
financing we would be required to cease business operations. As a result,
investors in our common stock would lose all of their investment.





The
staged procurement of our wireless systems will continue over the next 12
months. Other than purchasing our products and services, we do not anticipate
obtaining any further products or services. We do not expect the purchase or
sale of plant or any significant equipment and we do not anticipate any change
in the number of our employees.





We have
no current plans, preliminary or otherwise, to merge with any other
entity.





At the
present time, we are negotiating with various investors to obtain additional
equity financing.  There can be no assurance that we will be
successful in obtaining additional capital from these negotiations. If are
unable to raise additional capital, we will either suspend marketing operations
until we do raise the cash, or cease operations entirely.  Other than
as described in this paragraph, we have no other financing plans.





If we are
unable to complete any phase of our product or marketing efforts because we do
not have enough money, we will cease our development and or marketing operations
until we raise money.  Attempting to raise capital after failing in
any phase of our product plan would be difficult.  As such, if we
cannot secure additional proceeds we will have to cease operations and investors
would lose their entire investment.





Management
does not plan to hire additional employees at this time. Our officers and
directors will be responsible for the initial product and service sourcing. We
have hired an independent consultant to build the site. We also intend to hire
sales representatives initially on a commission only basis to keep
administrative overhead to a minimum.





Three
months ended March 31, 2008 compared with the period from February 20, 2007
(inception) through March 31, 2007





Net sales
for the three months ended March 31, 2008 were $0, with a change of $0 or 0%
from net sales of $0 for the period from February 20, 2007 (inception) through
March 31, 2007.  The lack of change is due to our development stage
and that we have yet to commence sales.





Operating
expenses include general and administrative expenses, research and development
expenses, website development expenses, software development expenses and
professional fees. In total, operating expenses increased $783 or2.5% to $31,533
for the three months ended March 31, 2008 from $30,750 for the period from
February 20, 2007 (inception) through March 31, 2007. The components of
operating expenses are discussed below.


10
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)





·
            General
      and administrative expenses increased by $5,533 between 2008 and 2007 to
      $7,533 from $2,000. General and administrative expenses as a percentage of
      net sales in not meaningful. The increase between 2008 and 2007 is
      primarily attributable to increases in various office
      expenses.





·
            Website
      development increased $2,000 or 100%, to $2,000 in 2008 from $0 in 2007.
      The increase was due to the expenditures on our website in 2008. Website
      development expenses as a percent of net sales are not
      meaningful.





·
            Software
      development increased $5,000 between 2008 and 2007 to $5,000 from $0. This
      increase was primarily due to costs associated with development our
      operating system for our telephones. Software development expenses as a
      percent of net sales is not
meaningful.





·
            Professional
      fees decreased $8,000 between 2008 and 2007 to $17,000 from $25,000. This
      decrease was primarily due to the filing of our registration statement in
      2007. Professional fees as a percentage of net sales is not
      meaningful.





·
            Stock
      based compensation decrease d$3,750 between 2008 and 2007 to $0 from
      $3,750. This decrease is due to the initial issuance of stock to our
      founders in 2007. Stock based compensation as a percentage of net sales is
      not meaningful.





Net loss
increased by $783 resulting in a loss of $31,533 for the three months ended
March 31, 2008 from a net loss of $30,750 for the period from February 20, 2007
(inception) through March 31, 2007. As a percentage of net sales, net loss is
not meaningful.


Income
Tax Expense (Benefit)


The
Company has a prospective income tax benefit resulting from a net operating loss
carryforward and start up costs that may offset any future operating
profit.





Impact
of Inflation





The
Company believes that inflation has had a negligible effect on operations over
the past quarter.





Capital
Expenditures





The
Company expended no amounts on capital expenditures for the three months ended
March 31, 2007 and for the period from February 20, 2007 (inception) to March
31, 2007.





Liquidity
and Capital Resources





We had
net losses of $31,533, $30,750 and $96,947 for the three months ended March 31,
2008 and for the period from February 20, 2007 (inception) through March 31,
2007 and for the period from February 20, 2007 (inception) through March 31,
2008, respectively, and had a working capital surplus of $55,403 and $36,936 at
March 31, 2008 and 2007, respectively.





Our
working capital surplus at March 31, 2008 increased to $55,403, which represents
a increase in working capital of $18,467 from a working capital surplus of
$36,936 as of December 31, 2007.





Cash flow
used in operating activities was $24,433, $5,000 and $109,097 for the three
months ended March 31, 2008 and for the period from February 20, 2007
(inception) through March 31, 2007 and for the period from February 20, 2007
(inception) through March 31, 2008, respectively. Cash flow used in operating
activities in the current period can be attributed to accounting costs and
consulting expenses.





Cash
flows used in investing activities was $0, $5,000 and $0 for the three months
ended March 31, 2008 and for the period from February 20, 2007 (inception)
through March 31, 2007 and for the period from February 20, 2007 (inception)
through March 31, 2008, respectively. Cash flow used in investing activities in
the prior comparable period was for website development.


11
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




Cash flow
provided from financing activities was $50,000, $0 and $148,600 for the three
months ended March 31, 2008 and for the period from February 20, 2007
(inception) through March 31, 2007 and for the period from February 20, 2007
(inception) through March 31, 2008, respectively. Cash flow provided by
financing activities in the current period can be attributed to subscriptions
for shares of common stock.





We do not
now have funds sufficient for pursuing our plan of operation, but we are in the
process of trying to procure funds sufficient to fund our operations until we
are able to finance our operations through cash flow. There can be no assurance
that we will be able to procure funds sufficient for such purpose. If operating
difficulties or other factors (many of which are beyond our control) delay our
realization of revenues or cash flows from operations, we may be limited in our
ability to pursue our business plan. Moreover, if our resources from obtaining
additional capital or cash flows from operations, once we commence them, do not
satisfy our operational needs or if unexpected expenses arise due to
unanticipated pressures or if we decide to expand our business plan beyond its
currently anticipated level or otherwise, we will require additional financing
to fund our operations, in addition to anticipated cash generated from our
operations. Additional financing might not be available on terms favorable to
us, or at all. If adequate funds were not available or were not available on
acceptable terms, our ability to fund our operations, take advantage of
unanticipated opportunities, develop or enhance our business or otherwise
respond to competitive pressures would be significantly limited. In a worst case
scenario, we might not be able to fund our operations or to remain in business,
which could result in a total loss of our stockholders' investment. If we raise
additional funds through the issuance of equity or convertible debt securities,
the percentage ownership of our stockholders would be reduced, and these newly
issued securities might have rights, preferences or privileges senior to those
of existing stockholders.





The
Company had no formal long term lines or credit or other bank financing
arrangements as of March 31, 2008.





The
Company has no current plans for the purchase or sale of any plant or
equipment.





The
Company has no current plans to make any changes in the number of
employees.





Off-Balance
Sheet Arrangements





None.





CRITICAL
ACCOUNTING POLICIES





The
Securities and Exchange Commission issued Financial Reporting Release No. 60,
"Cautionary Advice Regarding Disclosure about Critical Accounting Policies"
suggesting that companies provide additional disclosure and commentary on their
most critical accounting policies. In Financial Reporting Release No. 60, the
Securities and Exchange Commission has defined the most critical accounting
policies as the ones that are most important to the portrayal of a company's
financial condition and operating results, and require management to make its
most difficult and subjective judgments, often as a result of the need to make
estimates of matters that are inherently uncertain. Based on this definition, we
have identified the following significant policies as critical to the
understanding of our condensed financial statements. The preparation of our
condensed financial statements 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 condensed
financial statements and the reported amounts of expenses during the reporting
periods. Areas where significant estimation judgments are made and where actual
results could differ materially from these estimates are the carrying amount of
our intangible assets.





We
believe the following is among the most critical accounting policies that impact
our financial statements:





We
evaluate impairment of our long-lived assets by applying the provisions of SFAS
No. 144. In applying those provisions, we have not recognized any impairment
charge on our long-lived assets during the three-months ended March 31,
2008.





We
suggest that our significant accounting policies, as described in our financial
statements in the Summary of Significant Accounting Policies, be read in
conjunction with this Management's Discussion and Analysis of Financial
Condition and Results of Operations.


12
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




-
Revenue Recognition





Once
sales commence, the Company will recognize revenue from the sale of its products
upon shipment, at which time title passes. The Company will estimate an
allowance for sales returns based on historical experience with product returns
once products sales commence.





-
Inventory





We value
our inventory at the lower of the actual cost to purchase the inventory or the
current estimated market value of the inventory. We regularly review inventory
quantities on hand and record a provision for excess and obsolete inventory
based primarily on our estimated forecast of product demand and production
requirements for the future.





Additionally,
our estimates of future product demand may prove to be inaccurate, in which case
we may have understated or overstated the provision required for excess and
obsolete inventory. In the future, if our inventory is determined to be
overvalued, we would be required to recognize such costs in our cost of goods
sold at the time of such determination. Likewise, if our inventory is determined
to be undervalued, we may have over-reported our costs of goods sold in previous
periods and would be required to recognize such additional operating income at
the time of sale.





Although
we make every effort to ensure the accuracy of our forecasts of future product
demand, any significant unanticipated changes in demand or technological
developments could have a significant impact on the value of our inventory and
our reported operating results. We have experienced, and may continue to
experience, significant fluctuations in sales and operating - results from
quarter to quarter.





-
Contingencies





We
determine whether to disclose and accrue for loss contingencies based on an
assessment of whether the risk of loss is remote, reasonably possible or
probable and where reasonable estimates can be made of the amount of potential
loss, of the materiality of the loss contingency, in accordance with Statement
of Financial Accounting Standards No. 5 ("SFAS 5"), "Accounting for
Contingencies." We develop our assessment in consultation with outside advisors
and is based on an analysis of possible outcomes under various strategies. Loss
contingency assumptions involve judgments that are inherently subjective and
frequently involve matters that are in litigation, which by its nature is
unpredictable. We believe that our loss contingency assumptions are sound, but
because of the subjectivity involved and the unpredictable nature of the subject
matter at issue, our assumptions may prove to be incorrect, which could
materially impact our consolidated financial statements in future
periods.





Item
3. Quantitative and Qualitative Disclosures about Market Risk





Not
required.





Item
4. Controls and Procedures





We
conducted an evaluation, under the supervision and with the participation of the
Chief Executive Officer and Chief Financial Officer, of the effectiveness of our
disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities Exchange Act of 1934 as amended (the "Exchange Act")).
Based on this evaluation, the Chief Executive Officer and Chief Financial
Officer concluded that our disclosure controls and procedures as of the end of
the fiscal quarter covered by this Quarterly Report on Form 10-Q were effective
at a reasonable assurance level to ensure that information required to be
disclosed by us in reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified
in Securities and Exchange Commission rules and forms.





There was
no change in our internal control over financial reporting during the fiscal
quarter covered by this Quarterly Report on Form 10-Q that has materially
affected, or is reasonably likely to materially affect, our internal control
over financial reporting.


13
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




Management
does not expect that our disclosure controls and procedures will prevent or
detect all errors or fraud. Any control system, no matter how well designed and
operated, is based upon certain assumptions and can provide only reasonable, but
not absolute, assurance that its objectives will be met. Further, no evaluation
of controls can provide absolute assurance that misstatements due to error or
fraud will not occur.





Item
4T. Controls and Procedures





Management's
Annual Report on Internal Control over Financial Reporting





The
Company’s management, including our chief executive officer and chief financial
officer, is responsible for establishing and maintaining adequate internal
control over our financial reporting. Internal control over financial reporting
is a process designed by, or under the supervision of, our chief executive and
chief financial officer and implemented by our board of directors, management
and other personnel, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles and
includes those policies and procedures that: (i) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of our assets; (ii) provide reasonable assurance
that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that
our receipts and expenditures are being made only in accordance with
authorizations of our management and directors; and (iii) provide reasonable
assurance regarding prevention or timely detection of unauthorized acquisition,
use or disposition of our assets that could have a material effect on the
financial statements. Because of their inherent limitations, internal control
over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.





Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of the effectiveness of our internal control over financial reporting
based on the framework in Internal Control— Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission. Based
on our evaluation, our management concluded that our internal control over
financial reporting was effective as of March 31, 2008.





Changes
in Internal Controls over Financial Reporting





During
the period ended March 31, 2008, there has been no change in internal control
over financial reporting that has materially affected, or is reasonably likely
to materially affect our internal control over financial reporting.





(a)           Under
the supervision and with the participation of our management, including our
chief executive officer and chief accounting officer, we evaluated the
effectiveness of the design and operation of our disclosure controls and
procedures, as such term is defined under Rule 15(e) promulgated under the
Securities Exchange Act of 1934, as amended, within the 90 day period prior to
the filing date of this report. Based on this evaluation, our chief executive
officer and chief accounting officer concluded that our disclosure controls and
procedures were effective as of that date.





(b)           There
have been no significant changes (including corrective actions with regard to
significant deficiencies or material weaknesses) in our internal controls over
financial reporting that occurred during the fourth fiscal quarter of 2007 that
has materially affected, or is reasonably likely to materially affect our
internal control over financial reporting.





PART
II -- OTHER INFORMATION





Item
1. Legal Proceedings





None.


14
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)




Item
1A. Risk Factors





Not
required.





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





(a) PRIOR
SALES OF COMMON SHARES





Set forth
below is information regarding our issuance and sales of securities without
registration since inception. For all of these issuances and sales, we did not
use an underwriter, we did not advertise or publicly solicit the shareholders,
we did not pay any commissions and the securities bear a restrictive
legend.





We are
authorized to issue up to 75,000,000 shares of common stock with a par value of
$0.001. We are not listed for trading on any securities exchange in the United
States and there has been no active market in the United States or elsewhere for
the common shares.





During
the past two quarters, we have sold the following securities, which we did not
register under the Securities Act of 1933, as amended in reliance upon the
exemption contained in Section 4(2) of the Securities Act of 1933, as
amended:





In
October 2007, the Company authorized and issued 100,000 shares at $0.50 per
share for total proceeds of $50,000 to an institutional investor in an exempt
transaction in reliance on Section 4(2) and Regulation S of the
Act.





In March
2008, the Company authorized and issued 150,000 shares at $0.33 per share for
total proceeds of $50,000 to an institutional investor in an exempt transaction
in reliance on Section 4(2) and Regulation S of the Act.





(b) USE
OF PROCEEDS





We have
spent a portion of the above proceeds to pay for costs associated with
developing our product and our website and for professional fees as well as
administrative expenses.





Item
3. Defaults Upon Senior Securities





Not
applicable.





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





None.





Item
5. Other Information





None.


15
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)








Item
6. Exhibits





(a)
            The
      following exhibits are filed with this Quarterly Report or are
      incorporated herein by reference:





Exhibit


Number
            Description







31.1
            Certification
      of the President and Chief Executive Officer pursuant to Rule 13a-14(a) of
      the Securities Exchange Act of
1934*.





31.2
            Certification
      of the Chief Accounting Officer pursuant to Rule 13a-14(a) of the
      Securities Exchange Act of 1934*.





32.1
            Certification
      of the President and Chief Executive Officer pursuant to 18 U.S.C Section
      1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002*.





32.2
            Certification
      of the Chief Accounting Officer pursuant to 18 U.S.C Section 1350 as
      adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
      2002*.








16
 WITEL
CORP.
 (A
DEVELOPMENT STAGE COMPANY)








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.






WITEL CORP.May
      19, 2008
              By:
              /s/ James
      E. RentonJames
      E. RentonPresident
      and Chief Executive Officer (Principal Executive Officer) and Chief
      Financial Officer (Principal Accounting and Financial
    Officer)















17