United States Securities and Exchange Commission Washington, DC 20549  FORM 10Q  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES AND EXCHANGE ACT OF 1934  For the quarterly period ended September 30, 2008  [ ] TRANSITION REPORT UNDER SECTION  13 OR 15 (d) OF THE EXCHANGE ACT  Commission file Number000-53337  FERO INDUSTRIES INC. Exact name of small business issuer as specified in its charter  Colorado                                                                                                  01-0884561  (State or other jurisdiction of I.R.S. Employer incorporation or organization) Identification Number 17 Reeves Crescent, Red Deer, AB T4P 2Z4 Canada (Address of principal executive office)  (403)  827-7936 Issuer's telephone number  APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS  Check whether the registrant filed all documents and reports required To be filed by Section 12, 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 State the number of shares outstanding of each of the Issuer's Common equity as of the last practicable date: 5,100,000 shares  Transitional Small Business Disclosure Format (check one)  Yes ___  No  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 [__] As of the date of this report the Registrant had 5,100,000 shares issued and outstanding  Item 1.  FERO INDUSTRIES INC. (A Development Stage Company) INTERIM FINANCIAL STATEMENTS September 30, 2008 (Unaudited)                   FERO INDUSTRIES INC. (A DEVELOPMENT STAGE COMPANY) BALANCE SHEET (Unaudited) ASSETSSeptember 30,2008Current Assets:Cash$                           10Total Assets$                           10LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)Current Liabilities:Accounts payable7,350Advances from shareholder12,500Total Current Liabilities19,850Total Liabilities19,850Stockholders' Equity (Deficit):Preferred stock, $.001 par value; authorized 10,000,000, none issued-Common stock, $.001 par value; 100,000,000 shares authorized5,100,000 shares issued and outstanding5,100Additional paid in capital31,500Deficit accumulated during development stage(56,440)Total Stockholders' Equity (Deficit)(19,840)Total Liabilities and Stockholders' Equity (Deficit)$                           10     SEE ATTACHED NOTES FERO INDUSTRIES INC. (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF OPERATIONS (Unaudited) FromFor the threeFor the threeDecember 11, 2000months endedmonths ended(Date of inception)September 30September 30to September 30,200820072008Revenue:$                                  -$                                  -$                                          -Total Revenue---Operating Expenses:General & administrative10,24020,55656,440Total Operating Expenses10,24020,55656,440NET LOSS$                           (10,240)$                           (20,556)$                                 (56,440)Weighted Average SharesCommon Stock Outstanding5,100,0005,100,000Net Loss Per  Share(Basic and Fully Dilutive)$                              (0.00)$                              (0.00)          SEE ATTACHED NOTES      FERO INDUSTRIES INC. (A DEVELOPMENT STAGE COMPANY) STATEMENTS OF CASH FLOWS (Unuadited) FromFor the threeFor the threeDecember 11, 2000months endedmonths ended(Date of inception)September 30September 30to September 30,200820072008Cash Flows Used in Operating Activities:Net Loss$                          (10,240)$                          (20,556)$                                       (56,440)Adjustments to reconcile net (loss) to net cashprovided by operating activites:Issuance of stock for services rendered--1,600Increase in accounts payable7,350-7,350---Net Cash Used in Operating Activities(2,890)(20,556)(47,490)Cash Flows from Investing Activities:---Cash Flows from Financing Activities:Issuance of common stock for cash--35,000Advances from shareholder2,500-12,500Net Cash Provided by Financing Activities2,500-47,500Net Increase (Decrease) in Cash(390)(20,556)10Cash at Beginning of Year40024,500-Cash at End of Year$                                 10$                             3,944$                                              10Non-Cash Investing & Financing ActivitiesIssuance of stock for management services rendered$                                   -$                             1,000$                                         1,600     SEE ATTACHED NOTES FERO INDUSTRIES INC. (A Development Stage Company) NOTES TO THE FINANCIAL STATEMENTS September 30, 2008   NOTE 1  ORGANIZATION AND BASIS OF PRESENTATION  NATURE OF OPERATIONS Fero Industries, Inc. (the Company) was incorporated under the laws of the State of Colorado on December 11, 2000.  The Companys activities to date have been limited to organization and capital formation.  The Company is a development stage company and has acquired seventeen different domain names with sites all linking with the main website, oil-n-gasbrokerage.net.  Fero Industries, Inc. will act as a brokerage/clearing house for oil and gas leases and royalty interests and a variety of drilling and production equipment (both new and used) employed by oil and gas exploration companies. The Company will also act as a referring agent and broker for those drilling programs seeking outside participation. These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars.  The accompanying unaudited financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Item 310(b) of Regulation S-1. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the results for the interim periods have been made and are of a normal, recurring nature. Operating results for the three months ended September 30, 2008 are not necessarily indicative of the results that may be expected for any interim period or the entire year. For further information, these financial statements and the related notes should be read in conjunction with the Companys audited financial statements for the year ended June 30, 2008 included in the Companys report on Form 10-K.  NOTE 2  SIGNIFICANT ACCOUNTING POLICIES  CASH AND CASH EQUIVALENTS  The Company considers all highly liquid debt instruments purchased with maturity of three months or less to be cash equivalents.  REVENUE RECOGNITION  The Company recognizes revenue at the time services are performed.  USE OF ESTIMATES  The preparation of the Companys financial statements requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from these estimates.  FAIR VALUE OF FINANCIAL INSTRUMENTS  The Companys short-term financial instruments consist of cash and cash equivalents and accounts payable.  The carrying amounts of these financial instruments approximate fair value because of their short-term maturities.  The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments.  EARNINGS PER SHARE  Basic Earnings per Share (EPS) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year.  Diluted EPS is computed by dividing net income available to common stockholders by the weighted-average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrants.  Basic and diluted EPS are the same for the Company, as of December 31, 2007, as the Company does not have any common share equivalents outstanding.  INCOME TAXES  The Company uses the asset and liability method of accounting for income taxes as required by SFAS No. 109 Accounting for Income Taxes.  SFAS 109 requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of certain assets and liabilities.  Deferred income tax assets and liabilities are computed annually for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.  Income tax expense is the tax payable or refundable for the period, plus or minus the change during the period in deferred tax assets and liabilities.  Deferred income taxes may arise from temporary differences resulting from income and expanse items reported for financial accounting and tax purposes in different periods.  Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.  As of September 30, 2008, the Company has recorded a valuation allowance to fully offset the deferred tax asset of approximately $19,000 related to its cumulative net operating losses of $56,440  CONCENTRATION OF CREDIT RISK  Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash.  During the year the Company did not maintain cash deposits at financial institution in excess of the $100,000 limit covered by the Federal Deposit Insurance Corporation.  RECENT ACCOUNTING PRONOUNCEMENTS  The Company does not expect that the adoption of recent accounting pronouncements will have a material impact on its financial statements.   NOTE 3  ACQUISITION OF DOMAIN NAMES AND DEPOSITS On April 20, 2007, the Company entered into an asset purchase and sale agreement with Mr. Jerry Capehart of Grand Prairie, Texas whereby he sold to us a 100% undivided right title and interest in seventeen internet domain names for a total purchase price of $180,000. Terms of the purchase are as follows: $5,000 to Mr. Capehart and 500,000 shares of our common stock as a non-refundable deposit (recorded as Deposits on the Balance Sheet) and an additional $75,000 on or before June 30, 2008.  All domain names are fully valid and registered and ready for construction.  The Company did not make the necessary payments under this contract by June 30, 2008.  As of September 30, 2008, the Company has not determined whether it will attempt to execute this contract  As such, the Company has not recorded the liability or corresponding asset related to this sale agreement in its financial statements. NOTE 4  COMMON STOCK On December 11, 2000 the Company issued 600,000 shares of its common stock to its President and Chief Executive Officer, Kyle Schlosser at a deemed price of  $0.001 per share or $600 in return for his time effort and expense of forming the company and keeping it in good standing. On December 28, 2006 the Company issued 500,000 shares of our common stock to our Secretary/Treasurer and Chief Financial Officer, Leigh-Ann Squire at a deemed price of $0.001 per share or $500 in return for her agreement to join our Board of Directors, become an officer of the registrant and his agreement to provide the computer and internet expertise in constructing our websites and providing the server for operation of the sites, at no charge. As referred to in Note 4 above, on April 20, 2007 the Company issued 500,000 shares of our common stock to Mr. Jerry Capehart of Grand Prairie, Texas at a deemed price of $0.001 per share, or $500, as a good faith deposit for seventeen domain names relating to the oil and gas industry. On April 30, 2007 the Company issued 3,100,000 shares of our common stock to thirty-one non US persons at a price of $0.01 per share. On May 10, 2007 the Company issued 400,000 shares of our common stock to three US individuals (one representing a Grandchildrens Trust), at a price of $0.01 per share.  NOTE 5  GOING CONCERN  The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As shown in the accompanying financial statements, the Company has no sales and has incurred a net loss of $56,440 since inception.  The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its mineral properties.  Management has plans to seek additional capital through a private placement and public offering of its common stock.  The financial statements do not include any adjustments relating to the recoverability and classifications of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.   Item 2.  Managements discussion and Plan of Operations  We were incorporated in the State of Colorado on December 11, 2000 under the name Fero Industries, Inc. and were dormant until December 2006.  We are a development stage company and have not commenced any operations other than initial corporate formation and capitalization, the building of a central website, and the acquisition of our domain names and the development of our business plan.  It is our intention to create a web portal whereby we plan to serve as an all inclusive information provider for anyone worldwide who is looking to buy, sell or lease anything to do with the exploration and/or production of oil and gas. Management believes that the focus of our web portal should be on delivering ease of use and convenience combined with capabilities designed to personalize business transacted over the Internet in the oil and gas industries. We have established a web portal at www.oil-n-gasbrokerage.net  Upon obtaining adequate financing, we plan to refine this portal, include additional content, and begin marketing our services. Thus far, our focus has been that off initial corporate formation and capitalization, the building of a central website, www.oil-n-gasbrokerage.net the acquisition of our domain names and the development of our business plan. We plan the operations for remainder of 2008 to be focused on the development of our website. The completion of this task will require additional capital beyond what we currently have on hand. We plan on generating revenues based on two main sources: a) classified advertisements; and b) display ads. In addition, we will charge a listing fee for any item listed for sale or lease.  No fees will be charged for those individuals or concerns responding to these. Display advertisements listing services from geophysical companies, geologists, engineers and oilfield drilling and servicing products on a continual basis will be charged a flat monthly fee plus production costs if we supply the ads. For the next twelve months that follow, we expect to pursue the implementation of our business plan and the development and marketing of our website. Our current cash position is not sufficient to fund our cash requirements during the next twelve months, including operations and capital expenditures. We intend to seek joint ventures or obtain equity and/or debt financing to support our current and proposed oil and gas operations and capital expenditures. We cannot assure that continued funding will be available.  Our future financial results will depend primarily on (1) our ability to fully implement our business plan, (2) our ability to develop our website (3) generate revenue from classified advertisements and display ads and (4) develop our brand awareness. We cannot assure that we will be successful in any of these activities or that the prices of oil and gas prevailing at the time of production will be at a level allowing for profitable production  We have not entered into commodity swap arrangements or hedging transactions. Although we have no current plans to do so, we may enter into commodity swap and/or hedging transactions in the future in conjunction with oil and gas production. We have no off-balance sheet arrangements.  Liquidity and Capital Resources  As of September 30, 2008 we had $10.00 in available cash. We plan to continue to provide for our capital needs by issuing debt or equity securities.  We will require additional financing in order to complete our stated plan of operations for the next twelve months. We believe that we will require additional financing to carry out our intended objectives during the next twelve months. There can be no assurance, however, that such financing will be available or, if it is available, that we will be able to structure such financing on terms acceptable to us and that it will be sufficient to fund our cash requirements until we can reach a level of profitable operations and positive cash flows. If we are unable to obtain the financing necessary to support our operations, we may be unable to continue as a going concern. We currently have no firm commitments for any additional capital.  The downturn in the United States stock and debt markets could make it more difficult to obtain financing through the issuance of equity or debt securities. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses, fail to collect significant amounts owed to us, or experience unexpected cash requirements that would force us to seek alternative financing. Further, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our shares of common stock. If additional financing is not available or is not available on acceptable terms, we will have to curtail our operations.  We presently do not have any available credit, bank financing or other external sources of liquidity. Due to our brief history and historical operating losses, our operations have not been a source of liquidity. We will need to obtain additional capital in order to expand operations and become profitable. In order to obtain capital, we may need to sell additional shares of our common stock or borrow funds from private lenders. There can be no assurance that we will be successful in obtaining additional funding.  To date, we have generated minimal revenues and have incurred operating losses in every quarter.  Our registered independent auditors have stated in their report dated August 31, 2007, that we are an early exploration company and have not generated revenues from operations. These factors among others may raise substantial doubt about our ability to continue as a going concern.     OTHER INFORMATION  Item 1.    Legal Proceedings  None  Item 2.    Changes in Securities  On January 18, 2008 the board of directors of the registrant unanimously resolved to authorize a share dividend of three common shares for each common share issued and outstanding as at the record date of January 18, 2008.  A copy of the report on Form 8K concerning this action is attached to this document as Exhibit 99.1  Item 3.     Defaults Upon Senior Securities  Not Applicable  Item 5.  Other Events  None  Item 6.  Exhibits and Reports on Form 8K  Exhibit  31.1  Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 and 906 of the Sarbanes-Oxley Act of 2003.  Exhibit 31.2 Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 and 906 of the Sarbanes-Oxley Act of 2003.  Exhibit 32.2 Certifications of CEO And CFO Pursuant To Section 906 Of The Sarbanes-Oxley Act    SIGNATURES  In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.  FERO INDUSTRIES INC.  Dated November 14, 2008  /s/ Kyle Schlosser Kyle Schlosser, President, Director and Chief Executive Officer  /s/ Leigh Ann Squire Leigh Ann Squire, Secretary/Treasurer, Director and Principal Accounting Officer