----

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| [√] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------|-----------------------------------------------------------------------------------------|

| For the quarterly period ended June 30, 2011 |
|----------------------------------------------|

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

| For the transition period from __________________ to __________________________ |
|---------------------------------------------------------------------------------|
| Commission file number: 0-52856                                                 |

| Atomic Paintball, Inc.                           |
|--------------------------------------------------|
| (Name of registrant as specified in its charter) |

| Texas                                                          | 75-2942917                           |
|----------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

| 2600 E. Southlake Blvd., Suite 120-366, Southlake, TX | 76092      |
|-------------------------------------------------------|------------|
| (Address of principal executive offices)              | (Zip Code) |

| (817) 491-8611                                       |
|------------------------------------------------------|
| (Registrant's telephone number, including area code) |

| not applicable                                                                     |
|------------------------------------------------------------------------------------|
| (Former name, former address and former fiscal year, if changed since last report) |

| Large accelerated filer | o | Accelerated filer         | o |
|-------------------------|---|---------------------------|---|
| Non-accelerated filer   | o | Smaller reporting company | x |

----

|                           |                                                                                   | Page No. |
|--------------------------------|----------------------------------------------------------------------------------------|----------|
| PART I - FINANCIAL INFORMATION |
| Item 1.                        | Financial Statements.                                                                  | 3        |
| Item 2.                        | Management's Discussion and Analysis of Financial Condition and Results of Operations. | 9        |
| Item 3.                        | Quantative and Qualitative Disclosures About Market Risk.                              | 10       |
| Item 4.                        | Controls and Procedures.                                                               | 10       |
| PART II - OTHER INFORMATION    |
| Item 1.                        | Legal Proceedings.                                                                     | 11       |
| Item 1A.                       | Risk Factors.                                                                          | 11       |
| Item 2.                        | Unregistered Sales of Equity Securities and Use of Proceeds.                           | 11       |
| Item 3.                        | Defaults Upon Senior Securities.                                                       | 11       |
| Item 4.                        | (Removed and Reserved).                                                                | 11       |
| Item 5.                        | Other Information.                                                                     | 11       |
| Item 6.                        | Exhibits.                                                                              | 11       |

|   | • | our ability to develop or acquire operations and exit shell status, |
|--------|---------|---------------------------------------------------------------------|

|   | • | our ability to raise sufficient working capital necessary to continue to implement our business plan and satisfy our obligations as they become due, |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | our ability to continue as a going concern, |
|--------|---------|---------------------------------------------|

|   | • | our ability to develop revenue producing operations, |
|--------|---------|------------------------------------------------------|

|   | • | our ability to establish our brand and effectively compete in our target market, and |
|--------|---------|--------------------------------------------------------------------------------------|

|   | • | risks associated with the external factors that impact our operations, including economic and leisure trends. |
|--------|---------|---------------------------------------------------------------------------------------------------------------|

----

|                                                                                     |   |        |          |   |         |   |
|------------------------------------------------------------------------------------------|--------|-------------|---------------|--------|--------------|--------|
|                                                                                     |   |        |          |   |         |   |
|                                                                                     |   |        |          |   |         |   |
|                                                                                     |   |        |          |   |         |   |
|                                                                                     |   |        |          |   |         |   |
|                                                                                     |   | June 30,    |          |   | DECEMBER 31, |   |
|                                                                                     |   | 2011        |          |   | 2010         |   |
|                                                                                     |   | (Unaudited) |          |   |         |   |
| ASSETS                                                                                   |   |        |          |   |         |   |
|                                                                                     |   |        |          |   |         |   |
| Current Assets                                                                           |   |        |          |   |         |   |
| Cash & cash equivalents                                                              |   | $           | 180           |   |         | $      | 85 |   |
| Prepaid expenses                                                                         |   |        | -             |   |         |   | 6,699 |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| TOTAL ASSETS                                                                             |   | $           | 180           |   |         | $      | 6,784 |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                    |   |        |          |   |         |   |   |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| Current Liabilities                                                                      |   |        |          |   |         |   |   |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| Accounts Payable                                                                         |   | $           | 162,126       |   |         | $      | 134,156 |   |
| Due to related party                                                                     |   |        | 66,668        |   |         |   | 45,444 |   |
| Accrued Interest                                                                         |   |        | 5,968         |   |         |   | 5,586 |   |
| Note payable - related party                                                             |   |        | 11,846        |   |         |   | 11,846 |   |
|     Convertible note payable - related party                              |   |        |  143,733 |   |         |   |  - |   |
| Total Current Liabilities                                                                |   |        | 390,341       |   |         |   | 197,032 |   |
|                                                                                     |   |        |          |   |         |   |   |   |
|     Convertible note payable - related party                              |   |        |  -       |   |         |   |  143,733 |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| Total Liabilities                                                                        |   |        | 390,341       |   |         |   | 340,765 |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                            |   |        |          |   |         |   |   |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| STOCKHOLDERS' DEFICIT                                                                    |   |        |          |   |         |   |   |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| Preferred Stock, no par value: 2,000,000 shares authorized                               |   |        | -             |   |         |   | - |   |
| Series A Convertible Preferred Stock, no par value; 400,000 shares authorized            |   |        |          |   |         |
|   no shares issued and outstanding as at December 31, 2010 and  2009 |   |        | -             |   |         |   | - |   |
| Common Stock, no par value: 10,000,000 shares authorized,                                |   |        |          |   |         |   |   |   |
| 4,278,549 and 4,178,549 shares issued and outstanding as at June 30, 2011           |   |        |          |   |         |
|   and December 31, 2010, respectively                                          |   |        | 566,790       |   |         |   | 526,790 |   |
| Additional paid in capital                                                               |   |        | 204,218       |   |         |   | 236,218 |   |
| Deficit accumulated during the development stage                                         |   |        | (1,161,169    | )      |         |   | (1,096,989 | ) |
|                                                                                     |   |        |          |   |         |   |   |   |
| Total Stockholders' Deficit                                                              |   |        | (390,161      | )      |         |   | (333,981 | ) |
|                                                                                     |   |        |          |   |         |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                              |   | $           | 180           |   |         | $      | 6,784 |   |
|                                                                                     |   |        |          |   |         |   |   |   |
| See accompanying Notes to Financial Statements.                                          |   |

----

|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |
|-------------------------------------------------|--------|----------------------------|-----------|--------|--------------------------|--------|-----------|------------------|--------|--------|------------|--------|--------|----------------|-----------|
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   | From Inception |      |
|                                            |   | For the Three Months Ended |      |   | For the Six Months Ended |   |      | (May 8, 2001)    |   |
|                                            |   | June 30,                   |      |   | June 30,                 |   |      | Through June 30, |   |
|                                            |   | 2011                       |      |   | 2010                     |   |      | 2011             |   |   | 2010       |   |   | 2011           |      |
|                                            |   |                       |      |   | (Restated)               |   |      |             |   |   | (Restated) |   |   |           |      |
| OPERATING EXPENSES                              |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |
| General and Administrative                      |   | $                          | 24,755    |   |                     | $      | 97,005    |             |   | $      | 59,521     |   |   | $              | 233,956   |   |   | $ | 1,111,914 |   |
| Depreciation and amortization                   |   |                       | -         |   |                     |   | -         |             |   |   | -          |   |   |           | -         |   |   |   | 6,835 |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| Total Operating Expenses                        |   |                       | 24,755    |   |                     |   | 97,005    |             |   |   | 59,521     |   |   |           | 233,956   |   |   |   | 1,118,749 |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| OPERATING LOSS                                  |   |                       | (24,755   | )      |                     |   | (97,005   | )                |   |   | (59,521    | )      |   |           | (233,956  | ) |   |   | (1,118,749 | ) |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| OTHER INCOME (EXPENSE)                          |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| Interest Expense                                |   |                       | (2,342    | )      |                     |   | (2,342    | )                |   |   | (4,659     | )      |   |           | (3,420    | ) |   |   | (42,420 | ) |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| Loss before Income Taxes                        |   |                       | (27,097   | )      |                     |   | (99,347   | )                |   |   | (64,180    | )      |   |           | (237,376  | ) |   |   | (1,161,169 | ) |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| Income tax expense                              |   |                       | -         |   |                     |   | -         |             |   |   | -          |   |   |           | -         |   |   |   | - |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| NET LOSS                                        |   | $                          | (27,097   | )      |                     | $      | (99,347   | )                |   | $      | (64,180    | )      |   | $              | (237,376  | ) |   | $ | (1,161,169 | ) |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| NET LOSS PER COMMON SHARE                       |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| Basic & Diluted                             |   | $                          | (0.01     | )      |                     | $      | (0.02     | )                |   | $      | (0.02      | )      |   | $              | (0.05     | ) |   |   |   |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF                      |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| COMMON SHARES OUTSTANDING                       |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| Basic & Diluted                             |   |                       | 4,278,549 |   |                     |   | 4,178,549 |             |   |   | 4,259,212  |   |   |           | 4,511,947 |   |   |   |   |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
|                                            |   |                       |      |   |                     |   |      |             |   |   |       |   |   |           |      |   |   |   |   |   |
| See accompanying Notes to Financial Statements. |   |

----

|                                                     |   |                     |    |   |          |   |     | FROM INCEPTION |   |
|----------------------------------------------------------|--------|--------------------------|---------|--------|---------------|--------|----------|----------------|--------|
|                                                     |   | For the Six Months Ended |    |   | (May 8, 2001) |   |
|                                                     |   |  June 30,           |    |   | THROUGH       |   |
|                                                     |   | 2011                     |    |   | 2010          |   |     | June 30, 2011  |   |
| CASH FLOW  FROM OPERATING ACTIVITIES           |   |                     |    |   | (Restated)    |   |     |           |   |
|                                                     |   |                     |    |   |          |   |     |           |   |
| NET LOSS                                                 |   | $                        | (64,180 | )      |          | $      | (237,376 | )              |   | $ | (1,161,169 | ) |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH            |   |                     |    |   |          |   |     |           |   |
| PROVIDED BY (USED IN) OPERATING ACTIVITIES               |   |                     |    |   |          |   |     |           |   |
| Depreciation                                             |   |                     | -       |   |          |   | -        |           |   |   | 6,835 |   |
| Loss on Disposal of Fixed Assets                         |   |                     | -       |   |          |   | -        |           |   |   | 3,464 |   |
| Issuance of Common Stock For Services                    |   |                     | 7,000   |   |          |   | 90,000   |           |   |   | 311,944 |   |
| Capital contribution of services                         |   |                     | 1,000   |   |          |   | 2,000    |           |   |   | 5,000 |   |
| Gain on Settlement of Liabilities                        |   |                     | -       |   |          |   |     |           |   |   | (13,600 | ) |
| CHANGES IN OPERATING ASSETS & LIABILITIES            |   |                     |    |   |          |   |     |           |   |
| Decrease in prepaid expenses                             |   |                     | 6,699   |   |          |   | (1,250   | )              |   |   | 0 |   |
| Increase (Decrease) in accounts payable                  |   |                     | 27,970  |   |          |   | 129,147  |           |   |   | 334,459 |   |
| Increase in accrued expenses                             |   |                     | 382     |   |          |   | (13,578  | )              |   |   | 22,125 |   |
| Total Cash Flow Used In Operating Activities             |   |                     | (21,129 | )      |          |   | (31,057  | )              |   |   | (490,942 | ) |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| CASH FLOW FROM INVESTING ACTIVITIES                      |   |                     |    |   |          |   |     |           |   |   |   |   |
| Purchase of Fixed Assets                                 |   |                     | -       |   |          |   | -        |           |   |   | (10,299 | ) |
| Total Cash Flow Used In Investing Activities             |   |                     | -       |   |          |   | -        |           |   |   | (10,299 | ) |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| CASH FLOW FROM FINANCING ACTIVITIES                      |   |                     |    |   |          |   |     |           |   |   |   |   |
| Advances Under Loans From Shareholders                   |   |                     | 21,224  |   |          |   | 31,157   |           |   |   | 320,421 |   |
| Net Proceeds from Issuance of Common Stock               |   |                     | -       |   |          |   | -        |           |   |   | 106,000 |   |
| Net Proceeds from Issuance of Preferred Stock            |   |                     | -       |   |          |   | -        |           |   |   | 75,000 |   |
| Total Cash Flow Provided By Financing Activities         |   |                     | 21,224  |   |          |   | 31,157   |           |   |   | 501,421 |   |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| NET (DECREASE) INCREASE IN CASH & CASH EQUIVALENTS   |   | $                        | 95      |   |          | $      | 100      |           |   | $ | 180 |   |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| Cash and Cash Equivalents at the beginning of the period |   | $                        | 85      |   |          | $      | -        |           |   | $ | - |   |
| Cash and Cash Equivalents at the end of the period       |   | $                        | 180     |   |          | $      | 100      |           |   | $ | 180 |   |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION           |   |                     |    |   |          |   |     |           |   |   |   |   |
| Cash paid for interest                                   |   | $                        | -       |   |          | $      | -        |           |   | $ | 207 |   |
| Cash paid for income tax                                 |   | $                        | -       |   |          | $      | -        |           |   | $ | - |   |
| Conversion of accounts payable to long term debt         |   | $                        |    |   |          | $      | 143,733  |           |   | $ | 143,733 |   |
| Forgivesness of amounts owed to related party            |   | $                        |    |   |          | $      | 199,218  |           |   | $ | 199,218 |   |
| Conversion of preferred stock to common stock            |   | $                        | -       |   |          | $      | -        |           |   | $ | 75,000 |   |
|                                                     |   |                     |    |   |          |   |     |           |   |   |   |   |
| See accompanying Notes to Financial Statements.          |   |

----

|                               |   | Previously Reported as of March 31, 2010 |     |   | Effect of Restatement |   |     | Restated as of March 31, 2010 |   |
|------------------------------------|--------|------------------------------------------|----------|--------|-----------------------|--------|----------|-------------------------------|--------|
| Changes to Balance Sheet           |   |                                     |     |   |                  |   |     |                          |   |
| Additional paid in capital         |   | $                                        | -        |   |                  | $      | 199,218  |                          |   | $ | 199,218 |   |
| Accumulated deficit                |   | $                                        | (727,192 | )      |                  | $      | (199,218 | )                             |   | $ | (926,410 | ) |
|                               |   |                                     |     |   |                  |   |     |                          |   |   |   |   |
| Changes to Statement of Income     |   |                                     |     |   |                  |   |     |                          |   |   |   |   |
| Gain on forgiveness of debt        |   | $                                        | 199,218  |   |                  | $      | (199,218 | )                             |   | $ | - |   |
| Net income/(loss)                  |   | $                                        | 61,221   |   |                  | $      | (199,218 | )                             |   | $ | (138,007 | ) |
|                               |   |                                     |     |   |                  |   |     |                          |   |   |   |   |
| Changes to Statement of Cash Flows |   |                                     |     |   |                  |   |     |                          |   |   |   |   |
| Net loss                           |   | $                                        | 61,221   |   |                  | $      | (199,218 | )                             |   | $ | (138,007 | ) |
| Gain on Settlement of Liabilities  |   | $                                        | 199,218  |   |                  | $      | -        |                          |   | $ | - |   |

----

|                               |   | Previously Reported as of June 30, 2010 |     |   | Effect of Restatement |   |     | Restated as of June 30, 2010 |   |
|------------------------------------|--------|-----------------------------------------|----------|--------|-----------------------|--------|----------|------------------------------|--------|
| Changes to Balance Sheet           |   |                                    |     |   |                  |   |     |                         |   |
| Additional paid in capital         |   | $                                       | -        |   |                  | $      | 199,218  |                         |   | $ | 199,218 |   |
| Accumulated deficit                |   | $                                       | (826,570 | )      |                  | $      | (199,218 | )                            |   | $ | (1,025,788 | ) |
|                               |   |                                    |     |   |                  |   |     |                         |   |   |   |   |
| Changes to Statement of Income     |   |                                    |     |   |                  |   |     |                         |   |   |   |   |
| Gain on forgiveness of debt        |   | $                                       | 199,218  |   |                  | $      | (199,218 | )                            |   | $ | - |   |
| Net income/(loss)                  |   | $                                       | (38,158  | )      |                  | $      | (199,218 | )                            |   | $ | (237,376 | ) |
|                               |   |                                    |     |   |                  |   |     |                         |   |   |   |   |
| Changes to Statement of Cash Flows |   |                                    |     |   |                  |   |     |                         |   |   |   |   |
| Net loss                           |   | $                                       | (38,158  | )      |                  | $      | (199,218 | )                            |   | $ | (237,376 | ) |
| Gain on Settlement of Liabilities  |   | $                                       | 199,218  |   |                  | $      | -        |                         |   | $ | - |   |

----

|   | • | our failure to pay the interest and principal when due, |
|--------|---------|---------------------------------------------------------|

|   | • | a default by us under the terms of the note, |
|--------|---------|----------------------------------------------|

|   | • | appointment of a receiver, filing of a bankruptcy provision, a judgment or levy against our company exceeding $50,000 or a default under any other indebtedness exceeding $50,000, |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | a liquidation of our company or a sale of all or substantially all of our assets, or |
|--------|---------|--------------------------------------------------------------------------------------|

|   | • | a change of control of our company as defined in the note. |
|--------|---------|------------------------------------------------------------|

----

----

----

| No.  | Description                                                                                            |
|------|--------------------------------------------------------------------------------------------------------|
| 31.1 | Rule 13a-14(a)/ 15d-14(a) Certification of Chief Executive Officer *                                   |
| 31.2 | Rule 13a-14(a)/ 15d-14(a) Certification of principal financial and accounting officer *                |
| 32.1 | Section 1350 Certification of Chief Executive Officer and principal financial and accounting officer * |
| 101  | Interactive Data Files *                                                                               |

|            | Atomic Paintball, Inc.                    |
|-----------------|-------------------------------------------|
| August 22, 2011 | By: /s/ Don Mark Dominey                  |
|            | Don Mark Dominey, Chief Executive Officer |

----