----

----

|  | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2010           |
|----------|------------------------------------------------------------------------------------------------------------------------------------------|
|     |                                                                                                                                     |
|  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934:For the transition period from _______to_______ |

| Nevada                                                        | 20-5978559                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |

| 1097 Country Coach Dr., Suite 705, Henderson, Nevada, 89002 |
|-------------------------------------------------------------|
| (Address of principal executive offices)                    |

| (800) 315-0045                        |
|---------------------------------------|
| (Registrant’s Telephone Number) |
|                                  |   |

| Large accelerated filer o                                                                   | Accelerated filer o              |
|---------------------------------------------------------------------------------------------|----------------------------------|
|  Non-accelerated filer  o (Do not check if a smaller reporting company) | Smaller reporting company x |

----

|                                             |   | March 31, 2010 (Unaudited) |    |   | December 31, 2009 |   |
|--------------------------------------------------|--------|----------------------------|---------|--------|-------------------|--------|
|                                             |   |                       |    |   |              |   |
|                                             |   |                       |    |   |              |   |
| Current assets                                   |   |                       |    |   |              |   |
| Cash                                             |   | $                          | 36,486  |   |              | $      | 43,055 |   |
|    Prepaid expenses               |   |                       | 1,368   |   |              |   | 2,568 |   |
|                                             |   |                       |    |   |              |   |   |   |
| Total current assets                             |   |                       | 37,854  |   |              |   | 45,623 |   |
|                                             |   |                       |    |   |              |   |   |   |
| Property and equipment, net of                   |   |                       |    |   |              |   |   |   |
|     accumulated depreciation |   |                       | 5,512   |   |              |   | 5,596 |   |
|                                             |   |                       |    |   |              |   |   |   |
| Investment in real property                      |   |                       | 61,335  |   |              |   | 61,335 |   |
|                                             |   |                       |    |   |              |   |   |   |
| Total assets                                     |   | $                          | 104,701 |   |              | $      | 112,554 |   |

| Current liabilities                                                                                                                                                      |   |   |     |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
| Accounts payable and accrued expenses                                                                                                                                    |   | $      | 53,310   |   |   | $      | 58,014 |   |
|                                                                                                                                                                     |   |   |     |   |   |   |   |   |
| Total current liabilities                                                                                                                                                |   |   | 53,310   |   |   |   | 58,014 |   |
|                                                                                                                                                                     |   |   |     |   |   |   |   |   |
| Stockholders’ equity                                                                                                                                               |   |   |     |   |   |   |   |   |
| Common stock, $.001 par value; 100,000,000 shares authorized, 3,769,800 shares issued and outstanding as of March 31, 2010 and December 31, 2009, respectively |   |   | 3,770    |   |   |   | 3,770 |   |
| Additional paid-in capital                                                                                                                                               |   |   | 209,680  |   |   |   | 209,230 |   |
| Deficit accumulated during the development stage                                                                                                                         |   |   | (159,220 | )      |   |   | (155,857 | ) |
|                                                                                                                                                                     |   |   |     |   |   |   |   |   |
| Total stockholders’ equity                                                                                                                                         |   |   | 54,230   |   |   |   | 57,143 |   |
|                                                                                                                                                                     |   |   |     |   |   |   |   |   |
| Noncontrolling interest                                                                                                                                                  |   |   | (2,839   | )      |   |   | (2,603 | ) |
|                                                                                                                                                                     |   |   |     |   |   |   |   |   |
| Total liabilities and stockholders’ equity                                                                                                                         |   | $      | 104,701  |   |   | $      | 112,554 |   |

----

|                                                         |   |                         |      |   |     |   |      | Inception      |   |
|--------------------------------------------------------------|--------|------------------------------|-----------|--------|----------|--------|-----------|----------------|--------|
|                                                         |   |                         |      |   |     |   |      | (December 4,   |   |
|                                                         |   | Three Months Ended March 31, |      |   | 2006) to |   |
|                                                         |   | 2010                         |      |   | 2009     |   |      | March 31, 2010 |   |
|                                                         |   |                         |      |   |     |   |      |           |   |
| Net revenue                                                  |   | $                            | -         |   |     | $      | -         |           |   | $ | - |   |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Operating expenses                                           |   |                         |      |   |     |   |      |           |   |   |   |   |
| Legal and professional fees                                  |   |                         | 1,322     |   |     |   | 15,613    |           |   |   | 128,702 |   |
| Dues and fees                                                |   |                         | -         |   |     |   | 813       |           |   |   | 10,270 |   |
| Rent                                                         |   |                         | 1,650     |   |     |   | 450       |           |   |   | 10,000 |   |
| General and administrative                                   |   |                         | 662       |   |     |   | 671       |           |   |   | 17,237 |   |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Total operating expenses                                     |   |                         | 3,634     |   |     |   | 17,547    |           |   |   | 166,209 |   |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Other income (expense), net                                  |   |                         | 35        |   |     |   | 63        |           |   |   | 4,150 |   |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Net loss including noncontrolling interest                   |   |                         | (3,599    | )      |     |   | (17,484   | )              |   |   | (162,059 | ) |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Less: Net loss attributable to noncontrolling interest       |   |                         | 236       |   |     |   | 236       |           |   |   | 2,839 |   |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Net income (loss) attributable to ISRI                       |   | $                            | (3,363    | )      |     | $      | (17,248   | )              |   | $ | (159,220 | ) |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Net income (loss) per common share – basic and diluted |   | $                            | (0.00     | )      |     | $      | (0.00     | )              |   | $ | (.04 | ) |
|                                                         |   |                         |      |   |     |   |      |           |   |   |   |   |
| Weighted average of common shares – basic and diluted  |   |                         | 3,769,800 |   |     |   | 3,769,800 |           |   |   | 3,649,809 |   |

----

|                                                                            |   |             |      |   |         |   |   | Deficit                   |   |   |                     |
|---------------------------------------------------------------------------------|--------|------------------|-----------|--------|--------------|--------|--------|---------------------------|--------|--------|--------------------------|
|                                                                            |   | Common Stock     |      |   |         |   |   | Accumulated               |   |   |                     |
|                                                                            |   | Number of Shares |      |   |  Amount |   |   | Additional Paid-InCapital |   |   | During Development Stage |   | Total Stockholders’ Equity |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |
| Balance, December 4, 2006                                                       |   |             | -         |   |         | $      | -      |                      |   | $      | -                        |   |   | $ | - |   |   | $ | - |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Issuance of common stock,    December 5, 2006               |   |             | 3,000,000 |   |         |   | 3,000  |                      |   |   | 12,000                   |   |   |   | - |   |   |   | 15,000 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         |   | -      |                      |   |   | 150                      |   |   |   | - |   |   |   | 150 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to ISRI                                                   |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (2,847 | ) |   |   | (2,847 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2006                                                      |   |             | 3,000,000 |   |         |   | 3,000  |                      |   |   | 12,150                   |   |   |   | (2,847 | ) |   |   | 12,303 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Notes payable conversion, May 3, 2007                                           |   |             | 240,000   |   |         |   | 240    |                      |   |   | 59,760                   |   |   |   | - |   |   |   | 60,000 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Issuance of common stock, June 30, 2007                                         |   |             | 529,800   |   |         |   | 530    |                      |   |   | 131,920                  |   |   |   | - |   |   |   | 132,450 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         |   | r-     |                      |   |   | 1,800                    |   |   |   | - |   |   |   | 1,800 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to ISRI                                                   |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (58,723 | ) |   |   | (58,723 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2007                                                      |   |             | 3,769,800 |   |         |   | 3,770  |                      |   |   | 205,630                  |   |   |   | (61,570 | ) |   |   | 147,830 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |

----

|                                                                            |   |             |      |   |         |   |   | Deficit                   |   |   |                     |
|---------------------------------------------------------------------------------|--------|------------------|-----------|--------|--------------|--------|--------|---------------------------|--------|--------|--------------------------|
|                                                                            |   | Common Stock     |      |   |         |   |   | Accumulated               |   |   |                     |
|                                                                            |   | Number of Shares |      |   |  Amount |   |   | Additional Paid-InCapital |   |   | During Development Stage |   | Total Stockholders’ Equity |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         | $      | -      |                      |   | $      | 1,800                    |   |   | $ | - |   |   | $ | 1,800 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to ISRI                                                   |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (52,917 | ) |   |   | (52,917 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2008                                                      |   |             | 3,769,800 |   |         |   | 3,770  |                      |   |   | 207,430                  |   |   |   | (114,487 | ) |   |   | 96,713 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         |   | -      |                      |   |   | 1,800                    |   |   |   | - |   |   |   | 1,800 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to ISRI                                                   |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (41,370 | ) |   |   | (41,370 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009                                                      |   |             | 3,769,800 |   |         |   | 3,770  |                      |   |   | 209,230                  |   |   |   | (155,857 | ) |   |   | 57,143 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party |   |             | -         |   |         |   | -      |                      |   |   | 450                      |   |   |   | - |   |   |   | 450 |   |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Net loss attributable to ISRI                                                   |   |             | -         |   |         |   | -      |                      |   |   | -                        |   |   |   | (3,363 | ) |   |   | (3,363 | ) |
|                                                                            |   |             |      |   |         |   |   |                      |   |   |                     |   |   |   |   |   |   |   |   |   |
| Balance, March 31, 2010                                                         |   |             | 3,769,800 |   |         | $      | 3,770  |                      |   | $      | 209,680                  |   |   | $ | (159,220 | ) |   | $ | 54,230 |   |

----

|                                                                                                                       |   |                         |   |   |         |   |    | Inception      |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|--------|--------|--------------|--------|---------|----------------|--------|
|                                                                                                                       |   | Three Months Ended March 31, |   |   | (December 4, |   |
|                                                                                                                       |   | 2006) to                     |   |
|                                                                                                                       |   | 2010                         |   |   | 2009         |   |    | March 31, 2010 |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |
| Cash flows from operating activities                                                                                       |   |                         |   |   |         |   |    |           |   |
| Net loss including noncontrolling interest                                                                                 |   | $                            | (3,363 | )      |         | $      | (17,248 | )              |   | $ | (159,220 | ) |
| Adjustments to reconcile net loss including noncontrolling interest to net cash provided by (used in) operating activities |   |                         |   |   |         |   |    |           |   |   |   |   |
| Additional paid-in capital in exchange for facilities provided by related party                                            |   |                         | 450    |   |         |   | 450     |           |   |   | 6,000 |   |
|    Depreciation                                                                                             |   |                         | 84     |   |         |   | 84      |           |   |   | 700 |   |
| Changes in operating assets and liabilities                                                                                |   |                         |   |   |         |   |    |           |   |   |   |   |
| (Increase) decrease in prepaid expenses                                                                                    |   |                         | 1,200  |   |         |   | (18     | )              |   |   | (1,368 | ) |
| Increase (decrease) in accounts payable and accrued expenses                                                               |   |                         | (4,704 | )      |         |   | 4,451   |           |   |   | 53,310 |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Net cash used in operating activities                                                                                      |   |                         | (6,333 | )      |         |   | (12,281 | )              |   |   | (100,578 | ) |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Cash flows from investing activities                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Purchase of fixed assets                                                                                                   |   |                         | -      |   |         |   | -       |           |   |   | (6,212 | ) |
| Investment in real property                                                                                                |   |                         | -      |   |         |   | -       |           |   |   | (61,335 | ) |
|     Noncontrolling interest in subsidiary                                                              |   |                         | (236   | )      |         |   | (236    | )              |   |   | (2,839 | ) |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Net cash used in investing activities                                                                                      |   |                         | (236   | )      |         |   | (236    | )              |   |   | (70,386 | ) |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Cash flows from financing activities                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
|     Proceeds from issuance of common stock                                                             |   |                         | -      |   |         |   | -       |           |   |   | 147,450 |   |
|     Net proceeds/(payments) from stockholder loans                                                     |   |                         | -      |   |         |   | -       |           |   |   | 60,000 |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Net cash provided by financing activities                                                                                  |   |                         | -      |   |         |   | -       |           |   |   | 207,450 |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Net (decrease) increase in cash                                                                                            |   |                         | (6,569 | )      |         |   | (12,517 | )              |   |   | 36,486 |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Cash, beginning of period                                                                                                  |   |                         | 43,055 |   |         |   | 74,588  |           |   |   | - |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |
| Cash, end of period                                                                                                        |   | $                            | 36,486 |   |         | $      | 62,071  |           |   | $ | 36,486 |   |
|                                                                                                                       |   |                         |   |   |         |   |    |           |   |   |   |   |

----

|                                                |                         |   |         |   |           | Inception |   |
|-----------------------------------------------------|------------------------------|--------|--------------|--------|----------------|-----------|--------|
|                                                | Three Months Ended March 31, |   | (December 4, |   |
|                                                | 2006) to                     |   |
|                                                | 2010                         |   | 2009         |   | March 31, 2010 |      |
|                                                |                         |   |         |   |           |      |   |   |   |
| Supplemental disclosure of cash flow information    |                         |   |         |   |           |      |   |   |   |
|  Income taxes paid                             |                         | $      | -            |   |           | $         | -      |   |   | $ | - |   |
|  Interest paid                                 |                         | $      | -            |   |           | $         | -      |   |   | $ | - |   |
|  Conversion of notes payable into common stock |                         | $      | -            |   |           | $         | -      |   |   | $ | 60,000 |   |

----

| 1. | NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----|---------------------------------------------------------------------|

----

| 1. | NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----|---------------------------------------------------------------------------------|

----

| 1. | NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) |
|----|---------------------------------------------------------------------------------|

----

| 1. | NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)  |
|----|---------------------------------------------------------------------------------------|

----

| 3. | FAIR VALUE OF FINANCIAL INSTRUMENTS |
|----|-------------------------------------|

|   | • |   | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. |
|--------|---------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • |   | Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
|--------|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

|   | • |   | Level 3 - Inputs that are both significant to the fair value measurement and unobservable. These inputs rely on management's own assumptions about the assumptions that market participants would use in pricing the asset or liability. (The unobservable inputs are developed based on the best information available in the circumstances and may include the Company's own data.) |
|--------|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3. | FAIR VALUE OF FINANCIAL INSTRUMENTS (Continued) |
|----|-------------------------------------------------|

|   |                         |   |   |   |   | March 31, 2010 |   |   | December 31, 2009 |   |
|--------|------------------------------|--------|--------|--------|--------|----------------|--------|--------|-------------------|--------|
|   |                         |   | Level  |   |   | FairValue      |   |   | CarryingAmount    |   |   | FairValue |   |   | CarryingAmount |   |
|   | Assets                       |   |   |   |   |           |   |   |              |   |   |   |   |   |   |   |
|   |   Cash             |   |   | 1      |   |           | $      | 36,486 |              |   | $ | 36,486 |   |   | $ | 43,055 |   |   | $ | 43,055 |   |
|   |   Prepaid expenses |   |   | 3      |   |           |   | 1,368  |              |   |   | 1,368 |   |   |   | 2,568 |   |   |   | 2,568 |   |
|   | Liabilities                  |   |   |   |   |           |   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |
|   |   Accounts payable |   |   | 3      |   |           |   | 53,310 |              |   |   | 53,310 |   |   |   | 58,014 |   |   |   | 58,014 |   |

|   |                                 |   | March 31, |      |   | December 31, |   |
|--------|--------------------------------------|--------|-----------|-----------|--------|--------------|--------|
|   |                                 |   | 2010      |      |   | 2009         |   |
|   | Computer equipment                   |   | $         | 1,012     |   |         | $      | 1,012 |   |
|   | Building                             |   |      | 5,200     |   |         |   | 5,200 |   |
|   |  Less: accumulated depreciation |   |      | 6,212(700 | )      |         |   | 6,212(616 | ) |
|   | Total property and equipment         |   | $         | 5,512     |   |         | $      | 5,596 |   |

----

|   | Federal loss carryforward (@ 25%) |   | $      | 39,000  |   |
|--------|-----------------------------------|--------|--------|---------|--------|
|   | Less: valuation allowance         |   |   | (39,000 | )      |
|   | Net deferred tax asset            |   | $      | -       |   |

----

----

----

----

| 31          | Certification of Principal Executive and Financial Officer, pursuant to Rule 13a-14 and 15d-14 of the Securities Exchange Act of 1934                                     |
|----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 32     | Certification of Principal Executive and Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

----

|                           | International Surf Resorts, Inc.,a Nevada corporation |                                                                                                                                                |
|--------------------------------|-------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                                                  |                                                                                                                                                |   |
| May 17, 2010    | By:                                                   | /s/ Eduardo Biancardi                                                                                                                          |   |
|                           |                                                  | Eduardo BiancardiChief Executive Officer, Chief Financial Officer,Secretary, Director(Principal, Executive, Financial and Accounting Officer)  |   |

----