SECURITIES
AND EXCHANGE COMMISSION
 WASHINGTON,
D.C. 20549
   FORM
10-Q/A
 
 Quarterly
Report Under Section 13 or 15 (d) of
 Securities
Exchange Act of 1934
 
 For the
quarterly period ended March 31, 2008
 Commission
File Number:  333-146735
 
 BELLA VIAGGIO,
INC.
 (Exact
Name of Issuer as Specified in Its Charter)
 
 Nevada
              
              7200
              
              33-1176182State
      of Incorporation
              
              Primary
      Standard Industrial Employer Classification Code Number #
              
              I.R.S.
      Identification No.
 
 
 665
Ashford Place, Brentwood, CA 94513
 (Address
of principal executive offices, including zip code)
  (925)
270-7625
 (Registrant's
telephone number, including area code)
 
 Val-U
Corp. Services, Inc.
 1802
North Carson Street, Suite 212
 Carson
City, Nevada 89701
 Telephone:
(775) 887-8853
 (Name,
Address, and Telephone Number of Agent)
 
 Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.   Yesx        Noo
  1
  Indicate
by check mark whether the registrant is a large accelerated filer, 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
              Non-Accelerated
      Filer o(Do
      not check if a
      smaller reporting company)Accelerated
      Filer 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).
 YES x   NO
o
 
 APPLICABLE
ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
 PROCEEDINGS
DURING THE PRECEDING FIVE YEARS
 Check
whether the registrant filed all documents and reports required to be filed by
Section 12, 13, 15(d) of the Exchange Act after the distribution of the
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 stock
at the latest practicable date. As of May 12, 2008, the registrant had 2,545,000
shares of common stock, $0.001 par value, issued and outstanding.
 
 Transitional
Small Business Disclosure Format (Check one):    YESo    NOx
  2
  Table
of Contents
 
 
 PART
      I - FINANCIAL INFORMATION - UNAUDITEDItem
      1.
                                    BALANCE
      SHEET
                                    F-1STATEMENT
      OF OPERATIONS
                                    F-2STATEMENTS
      OF CASH FLOWS
                                    F-3NOTES
      TO FINANCIAL STATEMENTS
                                    F-4Item
      2.
                                    Management's
      Discussion and Analysis of Financial Condition and Plan of
      Operations.
                                    7Item
      3.
                                    Quantitative
      and Qualitative Disclosures About Market Risk
                                    9Item
      4.
                                    Controls
      and Procedures
                                    9PART
      II - OTHER INFORMATIONItem
      1.
                                    Legal
      Proceedings
                                    10Item
      2.
                                    Unregistered  Sales
      of Equity Securities and Use of Proceeds
                                    10Item
      3.
                                    Defaults
      Upon Senior Securities
                                    10Item
      4.
                                    Submission
      of Matters to a Vote of Security Holders
                                    10Item
      5.
                                    Other
      Information
                                    10Item
      6.
                                    Exhibit
      and Reports on Form 8-K
                                    11
 
  3
  Explanatory
Note
 The
Company has amended its first Quarter Financial Statements as previously filed
on 5/15/2008 and have restated the first Quarter Financial Statement as amended
due to the following variances found on the Quarterly report filed on
5/15/2009
 Bella
Viaggio
  2008
first quarter restatement summary:
  Subscription
receivable
  The
increase of $3600 from the original filing to the restatement is an issue of
timing. 36,000 shares were issued in March 2008, but recorded in subsequent
periods due to recording the shared as being issued when the cash was received
from the investor instead of when the shares were actually authorized to be
issued. The 36,000 shares were issued for $.10 per share for a total cash
consideration of $3600 which also explains the variances in the common stock and
APIC accounts.
  Accounts
payable
  Account
payable decrease $6450 due to reclassifying the payables as a loan from the
shareholder. This was done as it more accurately presents the nature of the
account.
  Shareholder
loan
  The
shareholder loan increased $8,950 from the original filing to the restated
filing. While $6,450 of this increase is accounted for in the reclassification
of accounts payable to shareholder loan, the remaining $2500 is the result of an
officer of the company paying for some professional services directly. The $2500
paid was not reflected in the bank statements as the officer sent the payment
directly to the vendor. The error was noted when reviewing expenses for the
company and the vendor had indicated the amounts were paid in full.
   4
  The $2500
shareholder loan also accounts for the increase in the accumulated deficit of
the company as it increases the company’s professional fees
incurred.
  Original
                  Restated
                  Variance
      increase (decrease)Cash
                  25,603
                  25,603
                  -Subscription
      receivable
                  
                  3,600
                  3,600AP
                  (6,450)
                  -
                  (6,450)Shareholder
      loan
                  
                  (8,950)
                  8,950Common
      stock
                  (2,505)
                  (2,540)
                  35APIC
                  (60,945)
                  (64,510)
                  3,565Accumulated
      deficit
                  44,297
                  46,797
                  2,500
 The
officer and director of the Company believes the errors relating to the accuracy
of the above described 10-Q were the result of the Company's internal control
over financial reporting based on the criteria for effective internal control
over financial reporting established in SEC guidance on conducting such
assessments. Based on that evaluation, they concluded that, during the period
covered by the above described report.  This was due to deficiencies
that existed in the design or operation of our internal control over financial
reporting that adversely affected our internal controls and that may be
considered to be material weaknesses.
  Management
intends to work on the deficiencies within its financial reporting by appointing
one or more outside directors, to act as a fully functioning audit committee
within the next 30-45 days.  In addition, management intends to
further develop and implement sufficient written policies and checklists that
will help prevent weaknesses for accounting and financial reporting with respect
to the requirements and application of US GAAP and SEC disclosure requirements;
and (ii) ineffective controls over the period end financial reporting
processes.
  PART
I - FINANCIAL INFORMATION
 
 Item
1.  Financial Statements (Unaudited- Prepared by
Management)
  5
  BELLA
VIAGGIO, INC.
  (A
DEVELOPMENT STAGE ENTERPRISE)
  
  Unaudited
Financial Statements
  March 31,
2008
  TABLE
OF CONTENTS
  Page(s)Balance
      Sheets as of March 31, 2008 and December 31, 2007
                    F-1Statements
      of Operations for the three months ended March 31, 2008 and the period
      ofJune
      6, 2007 (Inception) to March 31, 2008
                    F-2Statements
      of Cash Flows for the three months ended March 31, 2008 and the period
      ofJune
      6, 2007 (Inception) to March 31, 2008
                    F-3Notes
      to the Unaudited Financial Statements
                    F-4-9
  6
 BELLA
      VIAGGIO, INC.(A
      Development Stage Enterprise)Balance
      SheetsMarch
      31, 2008
                                                        
                                                        December
      31, 2007(unaudited)ASSETSCurrent
      assetsCash
                                                        
                                                        $
                                                        25,603
                                                        
                                                        
                                                        $
                                                        353Subscriptions
      receivable
                                                        
                                                        
                                                        3,600
                                                        
                                                        
                                                        
                                                        -Total
      current assets
                                                        
                                                        
                                                        29,203
                                                        
                                                        
                                                        
                                                        353Total
      assets
                                                        
                                                        $
                                                        29,203
                                                        
                                                        
                                                        $
                                                        353LIABILITIES
      AND STOCKHOLDERS' EQUITY (DEFICIT)Current
      liabilitiesAccounts
      payable
                                                        
                                                        $
                                                        -
                                                        
                                                        
                                                        $
                                                        50Loan
      from shareholder
                                                        
                                                        
                                                        8,950
                                                        
                                                        
                                                        
                                                        3,100Total
      current liabilities
                                                        
                                                        
                                                        8,950
                                                        
                                                        
                                                        
                                                        3,150Stockholders'
      Equity (Deficit)Preferred
      stock, $.001 par value; 5,000,000 shares authorized, no shares issued or
      outstanding
                                                        
                                                        
                                                        -
                                                        
                                                        
                                                        
                                                        -Common
      stock, $.001 par value; 70,000,000 shares authorized, 2,540,500 and
      2,220,000 shares issued and outstanding at March 31, 2008 and December 31,
      2007
                                                        
                                                        
                                                        2,540
                                                        
                                                        
                                                        
                                                        2,220Additional
      paid in capital
                                                        
                                                        
                                                        64,510
                                                        
                                                        
                                                        
                                                        32,780Deficit
      accumulated during the development stage
                                                        
                                                        
                                                        (46,797
                                                        )
                                                        
                                                        
                                                        (37,797
                                                        )Total
      stockholders' equity (deficit)
                                                        
                                                        
                                                        20,253
                                                        
                                                        
                                                        
                                                        (2,797
                                                        )Total
      liabilities and stockholders' equity (deficit)
                                                        
                                                        $
                                                        29,203
                                                        
                                                        
                                                        $
                                                        353See
      accompanying notes to financial statements
  F-1
  BELLA
      VIAGGIO, INC.(A
      Development Stage Enterprise)Statements
      of Operations(Unaudited)For
      the period from June 6, 2007 (inception) to March 31, 2008Three
      months ended March 31, 2008Revenue
                            
                            $
                            -
                            
                            
                            $
                            -ExpensesTravel
                            
                            
                            200
                            
                            
                            
                            200Professional
      fees
                            
                            
                            8,800
                            
                            
                            
                            46,597Total
      expenses
                            
                            
                            9,000
                            
                            
                            
                            46,797Net
      loss
                            
                            $
                            (9,000
                            )
                            
                            $
                            (46,797
                            )Basic
      and diluted loss per common share
                            
                            $
                            (0.00
                            )Weighted
      average shares outstanding
                            
                            
                            2,323,423See
      accompanying notes to financial statements
  F-2
  BELLA
      VIAGGIO, INC.(A
      Development Stage Enterprise)Statements
      of Cash Flows(Unaudited)For
      the period of June 6, 2007 (inception) to March 31, 2008Three
      months ended March 31, 2008Cash
      flows from operating activitiesNet
      loss
                    
                    $
                    (9,000
                    )
                    
                    $
                    (46,797
                    )Adjustments
      to reconcile net income to net cash used in operating
      activitiesCommon
      stock issued for services
                    
                    
                    -
                    
                    
                    
                    29,500Changes
      in operating assets and liabilities:Accounts
      payable
                    
                    
                    (50
                    )
                    
                    
                    -Net
      cash used in operating activities
                    
                    
                    (9,050
                    )
                    
                    
                    (17,297
                    )Net
      cash used in investing activities
                    
                    
                    -
                    
                    
                    
                    -Cash
      flows from financing activitiesLoan
      from shareholder
                    
                    
                    5,850
                    
                    
                    
                    8,950Proceeds
      from sale of stock
                    
                    
                    28,450
                    
                    
                    
                    33,950Net
      cash provided by financing activities
                    
                    
                    34,300
                    
                    
                    
                    42,900Net
      increase in cash
                    
                    
                    25,250
                    
                    
                    
                    25,603Cash
      at beginning of period
                    
                    
                    353
                    
                    
                    
                    -Cash
      at end of period
                    
                    $
                    25,603
                    
                    
                    $
                    25,603Disclosure
      of non-cash financing activities:Issuance
      of 1,966,667 shares of common stock for professional and legal
      services
                    
                    $
                    -
                    
                    
                    $
                    29,500Supplemental
      Cash Flow Information:Cash
      paid for interest
                    
                    $
                    -
                    
                    
                    $
                    -Cash
      paid for income taxes
                    
                    $
                    -
                    
                    
                    $
                    -See
      accompanying notes to financial statements
  F-3




BELLA
VIAGGIO, INC.
 (A
Development Stage Enterprise)
 Notes
to the Unaudited Financial Statements
 March
31, 2008
 
 Note
1 – Nature of Business
 The
unaudited financial statements have been prepared by the Company,
pursuant to the rules and regulations of the Securities and Exchange
Commission. Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally
accepted accounting principles have been omitted pursuant to such SEC rules
and regulations; nevertheless, the Company believes that the disclosures
are adequate to make the information presented
not misleading.  These financial statements and the notes
attached hereto should be read in conjunction with the financial statements and
notes included in the Company’s Form SB-2, which was filed with the SEC on
October 19, 2008 and deemed effective on October 22, 2008.  In the
opinion of the Company, all adjustments, including normal recurring
adjustments necessary to present fairly the financial position of Bella
Viaggio, Inc.,  as of March 31,  2008 and
the  results of its operations and cash flows for the three month
period then ended, have been included. The results of operations for the
interim period are not necessarily indicative of the results for the full
year.
  Bella
Viaggio, Inc. (“Company”) was organized June 6, 2007 under the laws of the State
of Nevada for the purpose of owning and operating a chain of day spas and
salons.  The Company currently has no operations or realized revenues
from its planned principle business purpose and, in accordance with Statement of
Financial Accounting Standard (SFAS) No. 7, “Accounting and Reporting by
Development Stage Enterprises,” is considered a Development Stage
Enterprise.
  Note
2 – Significant Accounting Policies
  Estimates
  The
preparation of financial statements in conformity with generally accepted
accounting principles 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 reporting
period.  Actual results could differ from those
estimates.
  
  Cash
  For the
Statements of Cash Flows, all highly liquid investments with maturity of three
months or less are considered to be cash equivalents.  There were no
cash equivalents as of March 31, 2008 and December 31, 2007.
   F-4
  BELLA
VIAGGIO, INC.
 (A
Development Stage Enterprise)
 Notes
to the Unaudited Financial Statements
 March
31, 2008
 
  Note
2 – Significant Accounting Policies (continued)
  Income
taxes
  Income
taxes are provided for using the liability method of accounting in accordance
with SFAS No. 109 “Accounting
for Income Taxes,”and clarified by FIN 48, “Accounting for Uncertainty in
Income Taxes—an interpretation of FASB Statement
No. 109.”  A deferred tax asset or liability is recorded
for all temporary differences between financial and tax
reporting.  Temporary differences are the differences between the
reported amounts of assets and liabilities and their tax
basis.  Deferred tax assets are reduced by a valuation allowance when,
in the opinion of management, it is more likely than not that some portion or
all of the deferred tax assets will not be realized.  Deferred tax
assets and liabilities are adjusted for the effect of changes in tax laws and
rates on the date of enactment.
  Share Based
Expenses
  In
December 2004, the Financial Accounting Standards Board (“FASB”) issued
SFAS No. 123R “Share
Based Payment.”This statement is a revision to SFAS 123 and
supersedes Accounting Principles Board (APB) Opinion No. 25, “Accounting for Stock Issued to
Employees,” and amends FASB Statement No. 95, “Statement of Cash Flows.”This
statement requires a public entity to expense the cost of employee services
received in exchange for an award of equity instruments. This statement also
provides guidance on valuing and expensing these awards, as well as disclosure
requirements of these equity arrangements.  The Company adopted SFAS No.
123R upon creation of the company and expenses share based costs in the period
incurred.
  
  Going
concern
  The
Company’s financial statements are prepared in accordance with generally
accepted accounting principles applicable to a going concern.  This
contemplates the realization of assets and the liquidation of liabilities in the
normal course of business.  Currently, the Company has minimal cash
and no material assets, nor does it have operations or a source of revenue
sufficient to cover its operation costs and allow it to continue as a going
concern.  The Company is currently attempting to raise capital in
order to initiate its business plan which will, if successful, mitigate these
factors which raise substantial doubt about the Company’s ability to continue as
a going concern.  The Company will be dependent upon the raising of
this additional capital through placement of our common stock in order to
implement its business plan, or merge with an operating
company.  There can be no assurance that the Company will be
successful in either situation in order to continue as a going
concern.  The officers and directors have committed to advancing
certain operating costs of the Company.
   F-5
  BELLA
VIAGGIO, INC.
 (A
Development Stage Enterprise)
 Notes
to the Unaudited Financial Statements
 March
31, 2008
 
  Note
2 – Significant Accounting Policies (continued)
  Recent Accounting
Pronouncements
  In May
2008, FASB issued Financial Accounting Standards No. 163, “Accounting for Financial Guarantee
Insurance Contracts - an interpretation of FASB Statement No. 60.”Diversity exists in practice in accounting for financial guarantee
insurance contracts by insurance enterprises under FASB Statement No. 60,
Accounting and Reporting by Insurance Enterprises. That diversity results in
inconsistencies in the recognition and measurement of claim liabilities because
of differing views about when a loss has been incurred under FASB Statement No.
5, Accounting for Contingencies.
  This
Statement requires that an insurance enterprise recognize a claim liability
prior to an event of default (insured event) when there is evidence that credit
deterioration has occurred in an insured financial obligation. This Statement
also clarifies how Statement 60 applies to financial guarantee insurance
contracts, including the recognition and measurement to be used to account for
premium revenue and claim liabilities. Those clarifications will increase
comparability in financial reporting of financial guarantee insurance contracts
by insurance enterprises. This Statement requires expanded disclosures about
financial guarantee insurance contracts. The accounting and disclosure
requirements of the Statement will improve the quality of information provided
to users of financial statements. This Statement is effective for financial
statements issued for fiscal years beginning after December 15, 2008, and all
interim periods within those fiscal years.
  In May
2008, FASB issued Financial Accounting Standards No. 162, “The Hierarchy of Generally
Accepted Accounting Principles.” This Statement identifies the sources of
accounting principles and the framework for selecting the principles to be used
in the preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States (the GAAP hierarchy). This Statement is effective 60 days
following the SEC's approval of the Public Company Accounting Oversight Board
amendments to AU Section 411, The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles. This
pronouncement has no effect on this Company’s financial reporting at this
time.
  In March
of 2008 the Financial Accounting Standards Board (FASB) issued SFAS No. 161,
“Disclosures about Derivative
Instruments and Hedging Activities—an amendment of FASB Statement No.
133, “Accounting for
Derivatives and Hedging Activities.”  SFAS No. 161 has the same
scope as Statement No. 133 but requires 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 No. 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.
 SFAS No. 161 is effective for financial statements issued for fiscal years
and interim periods beginning after November 15, 2008, with early application
encouraged.
   F-6
  BELLA
VIAGGIO, INC.
 (A
Development Stage Enterprise)
 Notes
to the Unaudited Financial Statements
 March
31, 2008
 
  The
statement encourages, but does not require, comparative disclosures for earlier
periods at initial adoption.  SFAS No. 161 has no effect on the Company’s
financial position, statements of operations, or cash flows at this
time.
 
 Note
2 – Significant Accounting Policies (continued)
 Recent Accounting
Pronouncements (continued)
  In
December, 2007, the FASB issued SFAS No. 160, “Non-controlling interests in
Consolidated Financial Statements, an amendment of ARB No. 51.”
  SFAS No. 160 applies to “for-profit” entities that prepare
consolidated financial statements where there is an outstanding non-controlling
interest in a subsidiary.  The Statement requires that the non-controlling
interest be reported in the equity section of the consolidated balance sheet but
identified separately from the parent.  The amount of consolidated net
income attributed to the non-controlling interest is required to be presented,
clearly labeled for the parent and the non-controlling entity, on the face of
the consolidated statement of income.  When a subsidiary is
de-consolidated, any retained non-controlling interest is to be measured at fair
value.  Gain or loss on de-consolidation is recognized rather than carried
as the value of the retained investment.  The Statement is effective for
fiscal years and interim periods beginning on or after December 15, 2008.
 It cannot be adopted earlier but, once adopted, is to be applied
retroactively.  This pronouncement has no effect on this Company’s
financial reporting at this time.
  In
December 2007, the FASB issued SFAS No.141 (revised 2007), “Business Combinations” (“SFAS
141(R)”) and SFAS No. 160, “Noncontrolling Interests in
Consolidated Financial Statements” (“SFAS 160”). These standards aim to
improve, simplify, and converge internationally the accounting for business
combinations and the reporting of noncontrolling interests in consolidated
financial statements. The provisions of SFAS 141 (R) and SFAS 160 are effective
for the fiscal year beginning April 1, 2009.  The adoption of SFAS 141(R)
and SFAS 160 has not impacted the Company’s financial statements.
  None of
the above new pronouncements has current application to the Company, but may be
applicable to the Company’s future financial reporting.
  Note 3 – Stockholders’
Equity
  Common
stock
  The
authorized common stock of the Company consists of 70,000,000 shares with par
value of $0.001.  On June 6, 2007, the Company authorized the issuance
of 2,200,000 shares of its $0.001 par value common stock at $0.015 per share in
consideration of $3,500 in cash and $29,500 in legal and business
services.
   F-7
  BELLA
VIAGGIO, INC.
 (A
Development Stage Enterprise)
 Notes
to the Unaudited Financial Statements
 March
31, 2008
 
  Preferred
stock
  The
authorized preferred stock of the Company consists of 5,000,000 shares with a
par value of $0.001. The Company has no preferred stock issued or
outstanding.
  Note 3 – Stockholders’ Equity
(continued)
  SB-2 Registration
Statement
  On
October 16, 2007, the Company filed a Form SB-2 Registration Statement with the
Securities and Exchange Commission for 750,000 shares to be sold at a price of
$0.10 per share to the public by a small business issuer under the Securities
Act of 1933. The Securities and Exchange Commission notified the Company on
October 22, 2007 the registration had been declared effective. During the three
months ended March 31, 2008 the Company issued 284,500 shares for a total cash
consideration of $28,450.  Also, 36,000 shares were issued and unpaid
at March 31, 2008.
  Net loss per common
share
  Net loss
per share is calculated in accordance with SFAS No. 128, “Earnings Per
Share.”  The weighted-average number of common shares
outstanding during each period is used to compute basic loss per
share.  Diluted loss per share is computed using the weighted averaged
number of shares and dilutive potential common shares
outstanding.  Dilutive potential common shares are additional common
shares assumed to be exercised.
  Basic net
loss per common share is based on the weighted average number of shares of
common stock outstanding during 2007 and since inception.  As of March
31, 2008 and since inception, the Company had no dilutive potential common
shares.
  Note
4 – Income Taxes
  We did
not provide any current or deferred U.S. federal income tax provision or benefit
for any of the periods presented because we have experienced operating losses
since inception. Per Statement of Accounting Standard No. 109 “Accounting for Income Tax and FASB
Interpretation No. 48 - Accounting for Uncertainty in Income Taxes an
interpretation of FASB Statement No.109,” when it is more likely than not
that a tax asset cannot be realized through future income the Company must allow
for this future tax benefit.  We provided a full valuation allowance on the
net deferred tax asset, consisting of net operating loss carry-forwards, because
management has determined that it is more likely than not that we will not earn
income sufficient to realize the deferred tax assets during the carry-forward
period.
   F-8
  BELLA
VIAGGIO, INC.
 (A
Development Stage Enterprise)
 Notes
to the Unaudited Financial Statements
 March
31, 2008
 
  The
Company did not pay any income taxes during the three months ended March 31,
2008.
  The net
federal operating loss carry forward will expire in 2027 and
2028.  This carry forward may be limited upon the consummation of a
business combination under IRC Section 381.
  Note 5 – Related Party
Transactions
  The
Company neither owns nor leases any real or personal property.  An
officer or resident agent of the corporation provides office services without
charge.  Such costs are immaterial to the financial statements and
accordingly, have not been reflected therein.  The officers and
directors for the Company are involved in other business activities and may, in
the future, become involved in other business opportunities.  If a
specific business opportunity becomes available, such persons may face a
conflict in selecting between the Company and their other business
interest.  The Company has not formulated a policy for the resolution
of such conflicts.
  The
officer of the Company has advanced $8,950 and $3,100 for organizational
expenses and professional fees as of March 31, 2008 and December 31, 2007.
Interest has not been imputed as the amounts would be immaterial to the
financial statements as a whole.
  Note
6 – Warrants and Options
  There are
no warrants or options outstanding to acquire any additional shares of common
stock of the Company.
   F-9
  Item 2. Management's Discussion and
Analysis of Financial Condition and Plan of Operations.
 
 Description
Of Business
 
 Company
History
  Bella
Viaggio, Inc. (the “Company”) is a development stage company that was
incorporated on June 6, 2007, in the state of Nevada. The Company has never
declared bankruptcy, it has never been in receivership, and it has never been
involved in any legal action or proceedings. Since becoming incorporated, Bella
Viaggio has not made any significant purchase or sale of assets, nor has it been
involved in any mergers, acquisitions or consolidations and the Company own no
subsidiaries.  The fiscal year end is December 31st.
 
 Business
Development
 
 The
Company filed a registration statement on Form SB-2 on October 16, 2007, which
was deemed effective on October 22, 2007.  Since this time the Company
has sold 340,500 shares of common stock to the public with proceeds of
$34,500.  These shares were sold to fifty seven (57) individuals.
These proceeds will be utilized by the Company to fund its initial development
including administrative costs associated with maintaining its status as a
Reporting Company as defined by the Securities and Exchange Commission (“SEC”)
under the Exchange Act of 1934 as amended.  Over the course of the
next 60 to 90 days Management intends to focus its efforts on obtaining a
quotation for its common stock on the Over the Counter Bulletin Board
(“OTCBB”).  This will involve securing a relationship with a qualified
broker dealer whom can file application on Form 211 with the Financial Industry
Regulatory Authority (“FINRA”). Management believes having its common stock
quoted on the OTCBB will provide it increased opportunity to raise additional
capital for business development.  However, there can be no guarantee
or assurance the Company will be successful in filing a Form 211 application and
obtaining a quotation. Moreover, if a quotation of its common stock is achieved
there can be no assurance that a market interest can be developed for the common
stock.  If Management is unsuccessful in its above described efforts
any investment made into the Company would likely be lost in its
entirety.
 
 Business
of Issuer
 
 Marketing
 
 If and
when the Company secures adequate financing; Management intends to obtain a
location, build the spa, and secure inventory after their which Bella Viaggio
plans to embark on a two-pronged marketing campaign. The Company will, through
direct marketing and selected media advertisements, target demographic areas
most likely to contain potential clients for the services offered by Bella
Viaggio. These marketing efforts are an integral part of our overall marketing
and brand awareness plan.
 
 The
Company plans to develop a comprehensive website for busy working people and
internet savvy consumers. The website will offer hair and skin care products for
sale. Customers will find answers to common skin and hair problems. Spa services
and prices will be listed as well as the ability for customers to schedule an
appointment and purchase gift certificates. Further website amenities will
include information on the background and experience of professional spa
technicians.
  7
  Products
and Services
 
 Bella
Viaggio will focus on branding its image, add signature services and offer
treatments and services that are preformed in an environment that can provide a
union between our spa and nature. Bella Viaggio will include services found in
many different cultures—and other spas—in the world. We plan to identify the
most popular treatments with the best operating margins and will deemphasize
less profitable services and wet rooms that are not multi-functional. The
Company intends to be creative in educating clients as to the value of the spa
and salon services we offer.  As part of branding, we plan to provide
a local flavor to our services.  The idea is to create something that
is all your own—or at least that comes from your own zip code. For example,
Bella Viaggio intends to have a holistic marketing stance that will include a
unique approach to color, aroma, water and other treatments. Each day of the
week, colors, floral arrangements, scents, music and other elements that appeal
to the senses are changed.
 
 Liquidity
and Capital Resources
 
 As of
March 31, 2008, we have $25,603 of cash available.  We have current
liabilities of $6,450.  From the date of inception (June 6, 2008) to
March 31, 2008 the Company has recorded a net loss of $44,297 of which were
expenses relating to the initial development of the Company, filing its
Registration Statement on Form SB-2, and expenses relating to maintaining
Reporting Company status with the SEC.  The Company will require
additional capital investments or borrowed funds to meet cash flow projections
and carry forward our business objectives. There can be no guarantee or
assurance that we can raise adequate capital from outside sources to fund the
proposed business.
 
 To date
there is no public market for the Company’s common stock. There can be no
guarantee or assurance that a public market will ever exist for the common
stock. Failure to create a market for the Company’s common stock would result in
business failure and a complete loss of any investment made into the
Company.
 
 Off-Balance
Sheet Arrangements
 
 As of the
date of this Quarterly Report, the Company does not have any off-balance sheet
arrangements that have or are reasonably likely to have a current or future
effect on the Company's financial condition, changes in financial condition,
revenues or expenses, results of operations, liquidity, capital expenditures or
capital resources that are material to investors. The term "off-balance sheet
arrangement" generally means any transaction, agreement or other contractual
arrangement to which an entity unconsolidated with the Company is a party, under
which the Company has (i) any obligation arising under a guarantee contract,
derivative instrument or variable interest; or (ii) a retained or contingent
interest in assets transferred to such entity or similar arrangement that serves
as credit, liquidity or market risk support for such assets.
 
 Product
Research and Development
 
 The
Company does not anticipate any costs or expenses to be incurred for product
research and development within the next twelve months.
 
 Employees
 
 There are
no employees of the Company, excluding the current President and Director, Mr.
Davis.
  8
  Item
3. Quantitative and Qualitative Disclosures About Market Risk
 
 Not
Applicable.
 
 Item
4. Controls and Procedures
 
 The
management of the Company is responsible for establishing and maintaining
adequate internal control over financial reporting, as required by
Sarbanes-Oxley (SOX) Section 404 A. The Company's internal control over
financial reporting is a process designed under the supervision of the Company's
Chief Executive Officer and Chief Financial Officer to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of the Company's financial statements for external purposes in accordance with
U.S. generally accepted accounting principles.
 
 As of
March 31, 2008 management assessed the effectiveness of the Company's internal
control over financial reporting based on the criteria for effective internal
control over financial reporting established in SEC guidance on conducting such
assessments. Based on that evaluation, they concluded that, during the period
covered by this report, such internal controls and procedures were not effective
to detect the inappropriate application of US GAAP rules as more fully described
below. This was due to deficiencies that existed in the design or operation of
our internal control over financial reporting that adversely affected our
internal controls and that may be considered to be material
weaknesses.
 
 The
matters involving internal controls and procedures that the Company's management
considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were: (1) lack of a functioning audit committee and
lack of a majority of outside directors on the Company's board of directors,
resulting in ineffective oversight in the establishment and monitoring of
required internal controls and procedures; (2) inadequate segregation of duties
consistent with control objectives; (3) insufficient written policies and
procedures for accounting and financial reporting with respect to the
requirements and application of US GAAP and SEC disclosure requirements; and (4)
ineffective controls over period end financial disclosure and reporting
processes. The aforementioned material weaknesses were identified by the
Company's Chief Financial Officer in connection with the review of our financial
statements as of March 31, 2008 and communicated the matters to our
management.
 
 Management
believes that the material weaknesses set forth in items (2), (3) and (4) above
did not have an effect on the Company's financial results. However, management
believes that the lack of a functioning audit committee and lack of a majority
of outside directors on the Company's board of directors, resulting in
ineffective oversight in the establishment and monitoring of required internal
controls and procedures can result in the Company's determination to its
financial statements for the future years.
 
 We are
committed to improving our financial organization. As part of this commitment,
we will create a position to segregate duties consistent with control objectives
and will increase our personnel resources and technical accounting expertise
within the accounting function when funds are available to the Company: i)
Appointing one or more outside directors to our board of directors who shall be
appointed to the audit committee of the Company resulting in a fully functioning
audit committee who will undertake the oversight in the establishment and
monitoring of required internal controls and procedures; and ii) Preparing and
implementing sufficient written policies and checklists which will set forth
procedures for accounting and financial reporting with respect to the
requirements and application of US GAAP and SEC disclosure
requirements.
  9
  Management
believes that the appointment of one or more outside directors, who shall be
appointed to a fully functioning audit committee, will remedy the lack of a
functioning audit committee and a lack of a majority of outside directors on the
Company's Board. In addition, management believes that preparing and
implementing sufficient written policies and checklists will remedy the
following material weaknesses (i) insufficient written policies and procedures
for accounting and financial reporting with respect to the requirements and
application of US GAAP and SEC disclosure requirements; and (ii) ineffective
controls over period end financial close and reporting processes. Further,
management believes that the hiring of additional personnel who have the
technical expertise and knowledge will result proper segregation of duties and
provide more checks and balances within the department. Additional personnel
will also provide the cross training needed to support the Company if personnel
turn over issues within the department occur. This coupled with the appointment
of additional outside directors will greatly decrease any control and procedure
issues the company may encounter in the future.
 
 We will
continue to monitor
and  evaluate  the  effectiveness  of
our  internal controls and procedures and our internal controls over
financial reporting on an ongoing  basis and
are  committed  to
taking  further  action  and  implementing
additional enhancements or improvements, as necessary and as funds
allow.
 
 Changes
In Internal Controls.
 
 There
were no significant changes in the Company's internal controls or, to the
Company's knowledge, in other factors that could significantly affect these
controls subsequent to the date of their evaluation.
 PART
II - OTHER INFORMATION
 
 Item
1. Legal Proceedings
 
 The
Company is not a party to any pending legal proceedings, and no such proceedings
are known to be contemplated.
 
 No
director, officer, or affiliate of the Company and no owner of record or
beneficial owner of more than 5.0% of the securities of the Company, or any
associate of any such director, officer or security holder is a party adverse to
the Company or has a material interest adverse to the Company in reference to
pending litigation.
 
 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.
  10
  Item  6.
Exhibits
 
 3.1  Articles
of Incorporation*
 
 3.2  By-Laws*
 
 31.1 Rule
13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer and Chief
Financial Officer
 
 32.1
Section 1350 Certification of Chief Executive Officer and Chief Financial
Officer
 
 *Filed
previously as an exhibit to the Company’s registration statement with the
Commission on October 16, 2007.
  11
  Signature
 
 In
accordance with the requirements of the Exchange Act, the registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
 
 Bella
      Viaggio, Inc.Dated:
      May 6, 2009
              /s/ Ronald A. DavisChief
      Executive Officer andChief
      Financial Officer
    12