SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549







FORM
10-Q





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







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








Table
of Contents








PART
      I - FINANCIAL INFORMATION - UNAUDITEDItem
      1.
            BALANCE
      SHEET
            1STATEMENT
      OF OPERATIONS
            2STATEMENT
      OF STOCKHOLDERS’ EQUITY
            3STATEMENTS
      OF CASH FLOWS
            4NOTES
      TO FINANCIAL STATEMENTS
            5Item
      2.
            Management's
      Discussion and Analysis of Financial Condition and Plan of
      Operations.
            10Item
      3.
            Quantitative
      and Qualitative Disclosures About Market Risk
            12Item
      4.
            Controls
      and Procedures
            12PART
      II - OTHER INFORMATIONItem
      1.
            Legal
      Proceedings
            14Item
      2.
            Unregistered  Sales
      of Equity Securities and Use of Proceeds
            14Item
      3.
            Defaults
      Upon Senior Securities
            14Item
      4.
            Submission
      of Matters to a Vote of Security Holders
            14Item
      5.
            Other
      Information
            14Item
      6.
            Exhibit
      and Reports on Form 8-K
            14








PART I -
FINANCIAL INFORMATION





Item
1.  Financial Statements (Unaudited- Prepared by
Management)

















BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





FINANCIAL
STATEMENTS





MARCH
31, 2008


(UNAUDITED)




















BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)




CONTENTS




FINANCIAL
      STATEMENTSBalance
      Sheets
            1Statements
      of Operations
            2Statements
      of Stockholders' Equity
            3Statements
      of Cash Flows
            4Notes
      to  Financial Statements
            5-9



















BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





BALANCE
SHEETS


(UNAUDITED)








March
      31,
            
            
            December
      31,2008
            
            
            2007ASSETSCURRENT
      ASSETSCash
            
            $
            25,603
            
            
            $
            353Total
      assets
            
            $
            25,603
            
            
            $
            353LIABILITIES
      AND STOCKHOLDERS' EQUITYCURRENT
      LIABILITIESAccounts
      payable and accrued liabilities
            
            $
            6,450
            
            
            $
            3,150Total
      current liabilities
            
            $
            6,450
            
            
            $
            3,150STOCKHOLDERS’
      EQUITYCommon
      stock: $.001 par value; Authorized 70,000,000 shares; Issued and
      outstanding:  2,504,500 shares at March 31, 2008 and 2,220,000
      at December 31, 2007
            
            $
            2,505
            
            
            $
            2,220Additional
      paid-in capital
            
            
            60,945
            
            
            
            32,780Accumulated
      deficit during development stage
            
            
            (44,297
            )
            
            
            (37,797
            )Total
      stockholders’ equity
            
            $
            19,153
            
            
            $
            (2,797
            )Total
      liabilities and stockholders’ equity
            
            $
            25,603
            
            
            $
            353













See
Accompanying Notes to Financial Statements.




1


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





STATEMENTS
OF OPERATIONS


(UNAUDITED)








Three
      months Ended
            
            
            June
      6, 2007 (inception) toMarch
      31,
            
            
            March
      31,2008
            
            
            2008REVENUES
            
            $
            -
            
            
            $
            -GENERAL,
      SELLING, AND ADMINISTRATIVE EXPENSESLegal
      and professional fees
            
            $
            6,300
            
            
            $
            44,097Travel
            
            
            200
            
            
            
            200Income/
      (loss) before other expense
            
            $
            (6,500
            )
            
            $
            (44,297
            )Non-Operating
      Income (expense)
            
            
            -
            
            
            
            -Net
      income/ (loss)
            
            $
            (6,500
            )
            
            $
            (44,297
            )Net
      loss per share, basic and diluted
            
            $
            (0.00
            )
            
            $
            (0.00
            )Average
      number of shares of common stock outstanding
            
            
            2,258,901

















See
Accompanying Notes to Financial Statements.


2


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





STATEMENT
OF STOCKHOLDERS’ EQUITY


(UNAUDITED)








Common Stock
            
            
            Additional
      Paid in
            
            
            Accumulated
      Deficit During DevelopmentShares
            
            
            Amount
            
            
            Capital
            
            
            Stage ­
            
            
            TotalCommon
      stock issued for cash at $.001 per share December 31, 2007
            
            
            2,220,000
            
            
            $
            2,220
            
            
            $
            32,780
            
            
            $
            -
            
            
            $
            35,000Net
      loss, December 31, 2007
            
            
            -
            
            
            
            -
            
            
            
            -
            
            
            
            (37,797
            )
            
            
            (37,797
            )Balance,
      December 31, 2007
            
            
            2,220,000
            
            
            $
            2,220
            
            
            $
            32,780
            
            
            $
            (37,797
            )
            
            $
            (2,797
            )Common
      stock issued at $0.001 per share per SB-2 Registration Statement effective
      Oct. 16, 2007
            
            
            284,500
            
            
            
            285
            
            
            
            28,165
            
            
            
            -
            
            
            
            28,450Net
      loss, March 31, 2008
            
            
            
            
            
            
            
            
            
            
            
            
            
            
            (6,500
            )
            
            
            (6,500
            )Balance,
      March 31, 2008
            
            
            2,504,500
            
            
            $
            2,505
            
            
            $
            60,945
            
            
            $
            (44,297
            )
            
            $
            19,153

















See
Accompanying Notes to Financial Statements.


3


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





STATEMENTS
OF CASH FLOWS


(UNAUDITED)








Three
      months Ended
            
            
            June
      6, 2007 (inception) toMarch
      31,2008
            
            
            March
      31, 2008Cash
      Flows From Operating ActivitiesNet
      (loss)
            
            $
            (6,500
            )
            
            $
            (44,297
            )Changes
      in assets and liabilitiesIncrease
      (decrease) in accounts payable and accruals
            
            
            3,300
            
            
            
            6,450Net
      cash used in operating activities
            
            $
            (3,200
            )
            
            
            (37,847
            )Cash
      Flows From Investing ActivitiesNet
      cash provided used in investing activities
            
            $
            -
            
            
            
            -Cash
      Flows From Financing ActivitiesIssuance
      of common stock
            
            $
            28,450
            
            
            $
            63,450Net
      cash provided by financing activities
            
            $
            28,450
            
            
            $
            25,603Net
      increase (decrease) in cash
            
            
            25,250
            
            
            $
            25,603Cash,
      beginning of period
            
            
            353
            
            
            
            -Cash,
      end of period
            
            $
            25,603
            
            
            $
            25,603

















See
Accompanying Notes to Financial Statements.


4


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





NOTES
TO THE FINANCIAL STATEMENTS









Note
1.          Nature of Business
and Significant Accounting Policies




Nature of
business:





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.





A summary of the Company’s
significant accounting policies is as follows:





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.





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 byFIN 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.


5





BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





NOTES
TO THE FINANCIAL STATEMENTS









Note
1. Nature
of Business and Significant Accounting Policies (continued)




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 does not have cash
nor 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 will be dependent upon the raising of 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.





Recent Accounting
Pronouncements




In
September 2006, the SEC Staff issued SEC Staff Accounting Bulletin 107,
“Implementation Guidance for FASB 123 (R).”  The
staff  believes the guidance in the SAB will assist issuers in their
initial implementation  of  Statement  123R
and  enhance  the  information  received  by
investors and other users of
financial  statements,  thereby  assisting  them
in making investment and other decisions.  This SAB
includes  interpretive guidance related to share-based payment
transactions with non-employees,  the transition from nonpublic to
public entity status, valuation methods (including assumptions such as
expected  volatility  and
expected  term),  the  accounting  for
certain redeemable financials instruments issued under share-based payment
arrangements,
the  classification  of  compensation  expense,   non-GAAP  financial  measures,
first-time  adoption of Statement 123R in an interim
period,  capitalization  of compensation cost related to
share-based  payment  arrangements,  the
accounting for income tax effects
of  share-based  payment  arrangements  upon  adoption
of Statement 123R and disclosures of MD&A subsequent to adoption of
Statement 123R.




In
September 2006, the SEC Staff issued Staff Accounting Bulletin No. 108,
“Considering the Effects of Prior Year Misstatements when Quantifying
Misstatements in the Current Year Financial Statements” (“SAB No. 108”).
SAB No. 108 requires the use of two alternative approaches in
quantitatively evaluating materiality of misstatements. If the misstatement as
quantified under either approach is material to the current year financial
statements, the misstatement must be corrected. If the effect of correcting the
prior year misstatements, if any, in the current year income statement is
material, the prior year financial statements should be corrected. In the year
of adoption (fiscal years ending after November 15, 2006 or calendar year
2006 for us), the misstatements may be corrected as an accounting change by
adjusting opening retained earnings rather than being included in the current
year income statement. We do not expect that the adoption of SAB No. 108 will
have a material impact on our financial condition or results of
operations.






6


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





NOTES
TO THE FINANCIAL STATEMENTS









In
September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements" (SFAS
157). SFAS 157 provides guidance for using fair value to measure assets and
liabilities. SFAS 157 addresses the requests from investors for expanded
disclosure about the extent to which companies measure assets and liabilities at
fair value, the information used to measure fair value and the effect of fair
value measurements on earnings. SFAS 157 applies whenever other standards
require (or permit) assets or liabilities to be measured at fair value, and does
not expand the use of fair value in any new circumstances. SFAS 157 is effective
for financial statements issued for fiscal years beginning after November 15,
2007 and will be adopted by the Company in the first quarter of fiscal year
2009.  We do not expect that the adoption of SFAS 157 will have a
material impact on our financial condition or results of
operations.




In
September 2006, the FASB issued SFAS No. 158, “Employers’ Accounting for
Defined Benefit Pension and Other Postretirement Plans” (“SFAS No. 158”).
SFAS No. 158 requires companies to recognize in their statement of
financial position an asset for a plan’s overfunded status or a liability for a
plan’s underfunded status and to measure a plan’s assets and its obligations
that determine its funded status as of the end of the company’s fiscal year.
Additionally, SFAS No. 158 requires companies to recognize changes in the
funded status of a defined benefit postretirement plan in the year that the
changes occur and those changes will be reported in comprehensive income. The
provision of SFAS No. 158 that will require us to recognize the funded
status of our postretirement plans, and the disclosure requirements, will be
effective for us as of December 31, 2006.  We do not expect that
the adoption of SFAS No. 158 will have a material impact on our
consolidated financial statements.




In
February 2007, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 159, “The Fair Value Option for Financial
Assets and Financial Liabilities - Including an amendment of FASB Statement No.
115” (hereinafter “SFAS No. 159”). This statement permits entities to choose to
measure many financial instruments and certain other items at fair value. The
objective is to improve financial reporting by providing entities with the
opportunity to mitigate volatility in reported earnings caused by measuring
related assets and liabilities differently without having to apply complex hedge
accounting provisions. This statement is expected to expand the use of fair
value measurement, which is consistent with the Board’s long-term measurement
objectives for accounting for financial instruments. This statement is effective
as of the beginning of an entity’s first fiscal year that begins after November
15, 2007, although earlier adoption is permitted. Management has not determined
the effect that adopting this statement would have on the Company’s financial
condition or results of operations.




In
December 2007, the FASB issued SFAS 141(R), “Business Combinations— a
replacement of FASB Statement No. 141.” This Statement replaces SFAS 141,
“Business Combinations,” and requires an acquirer to recognize the assets
acquired, the liabilities assumed, including those arising from contractual
contingencies, any contingent consideration, and any noncontrolling interest in
the acquiree at the acquisition date, measured at their fair values as of that
date, with limited exceptions specified in the statement. SFAS 141(R) also
requires the acquirer in a business combination achieved in stages (sometimes
referred to as a step acquisition) to recognize the identifiable assets and
liabilities, as well as the noncontrolling interest in the acquiree, at the full
amounts of their fair values (or other amounts determined in accordance with
SFAS 141(R)). In addition, SFAS 141(R)'s requirement to measure the
noncontrolling interest in the acquiree at fair value will result in recognizing
the goodwill attributable to the noncontrolling interest in addition to that
attributable to the acquirer. SFAS 141(R) amends SFAS No. 109, “Accounting for
Income Taxes,” to require the acquirer to recognize changes in the amount of its
deferred tax benefits that are recognizable because of a business combination
either in income from continuing operations in the period of the combination or
directly in contributed capital, depending on the circumstances. It also amends
SFAS 142, “Goodwill and Other Intangible Assets,” to, among other things,
provide guidance on the impairment testing of acquired research and development
intangible assets and assets that the acquirer intends not to use. SFAS 141(R)
applies prospectively to business combinations for which the acquisition date is
on or after the


beginning
of the first annual reporting period beginning on or after December 15, 2008. We
are currently assessing the potential impact that the adoption of SFAS 141(R)
could have on our financial statements.





7


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





NOTES
TO THE FINANCIAL STATEMENTS









In
December 2007, the FASB issued SFAS 160, “Noncontrolling Interests in
Consolidated Financial Statements.” SFAS 160 amends Accounting Research Bulletin
51, “Consolidated Financial Statements,” to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It also clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated entity
that should be reported as equity in the consolidated financial statements. SFAS
160 also changes the way the consolidated income statement is presented by
requiring consolidated net income to be reported at amounts that include the
amounts attributable to both the parent and the noncontrolling interest. It also
requires disclosure, on the face of the consolidated statement of income, of the
amounts of consolidated net income attributable to the parent and to the
noncontrolling interest. SFAS 160 requires that a parent recognize a gain or
loss in net income when a subsidiary is deconsolidated and requires expanded
disclosures in the consolidated financial statements that clearly identify and
distinguish between the interests of the parent owners and the interests of the
noncontrolling owners of a subsidiary. SFAS 160 is effective for fiscal periods,
and interim periods within those fiscal years, beginning on or after December
15, 2008. We are currently assessing the potential impact that the adoption of
SFAS 141(R) could have on our financial statements.




Note
2. Stockholder’s
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 $.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. As
of December 31, 2007, the shares were not issued and considered to be
subscribed.





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. As of March 31,
2008, 304,500 shares of registered stock have been sold to 57
investors.





The
authorized preferred stock of the Company consists of 5,000,000 shares with a
par value of $.001. The Company has no preferred stock issued or
outstanding.




Note
1. Stockholders’
Equity (continued)




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.


8


BELLA
VIAGGIO, INC.


(A
Development Stage Enterprise)





NOTES
TO THE FINANCIAL STATEMENTS









Note
1.          Stockholders’
Equity (continued)




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, the Company has 2,504,500 common shares outstanding.




Note
3. 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 carryforwards,
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
carryforward period.




The
components of the Company’s deferred tax asset as of December 31, 2007 are as
follows:




March
      31,
            
            
            December
      31,2007
            
            
            2007Net
      operating loss carry-forward
            
            $
            44,297
            
            
            $
            37,797Valuation
      allowance
            
            
            (44,297
            )
            
            
            (37,797
            )Net
      deferred tax asset
            
            $
            0
            
            
            $
            0





The net
federal operating loss carry forward will expire in 2027.  This carry
forward may be limited upon the consummation of a business combination under IRC
Section 381.




Note
3. 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 Company has not formulated a policy for the
resolution of such conflicts. As of March 31, 2008 the company owed officers
$6,450.





Note
4. Warrants
and Options





There are
no warrants or options outstanding to acquire any additional shares of common
stock of the Company.





THIS
REPORT CONTAINS FORWARD-LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES
SUCH AS THE DEPENDENCE OF THE COMPANY ON AND THE ADEQUACY OF CASH FLOWS. THESE
FORWARD-LOOKING STATEMENTS AND OTHER STATEMENTS MADE ELSEWHERE IN THIS REPORT
ARE MADE IN RELIANCE ON THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995.





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 there 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.





10


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.





11


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 affect 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.





12


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.





13


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.





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.





14


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 13, 2008
            /s/ Ronald A.
      DavisChief
      Executive Officer andChief
      Financial Officer














15


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