US Securities and Exchange Commission
                              Washington, DC 20549

                                   FORM 10-QSB

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the Quarterly period ended March 31, 2006
                                                 --------------

                        Commission File Number 000-51229
                                               ---------


                            TRADESTAR SERVICES, INC.
         ---------------------------------------------------------------
                 (Name of small business issuer in its charter)
                    formerly known as Frontier Staffing, Inc.


                Nevada                                     51-0482104
    -------------------------------                    -------------------
    (State or other jurisdiction of                      (IRS Employer
     incorporation or organization)                    Identification No.)


               3451-A Candelaria NE, Albuquerque, New Mexico 87107
        ----------------------------------------------------------------
                    (Address of principal executive offices)


                  Registrant's telephone number: (505) 872-3133
                                                        --------------

Check whether issuer is not required to file reports pursuant to Section 13 or
15(d) of the Exchange Act [ ]

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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. Yes [X] No [ ]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act) Yes [ ] No [X]

The number of shares outstanding of our common stock, par value $.001 per share,
as of March 31, 2006 was 10,950,000 common shares and the aggregate market value
of such shares held by non-affiliates of the registrant (based upon the closing
bid price of such shares as listed on the Bulletin Board on April 13, 2006) was
approximately $2,260,000.

Transitional Small Business Disclosure Format (check one):    Yes [ ] No [X]


<PAGE>

                                TABLE OF CONTENTS


                                                                         Page
                                                                         ----
   PART I. FINANCIAL INFORMATION

   Item 1. Financial Statements

   Condensed Consolidated Balance Sheets as of March 31, 2006 and
   December 31, 2005                                                       3

   Condensed Consolidated Statements of Operations for the three
   months ended March 31, 2006 and 2005                                    4

   Condensed Consolidated Statements of Cash Flows for the three
   months ended March 31, 2006 and 2005                                    5

   Notes to Condensed Consolidated Financial Statements                    6

   Item 2. Management's Discussion and Analysis and Plan of Operation      8

   Item 3. Controls and Procedures                                         16


   PART II.OTHER INFORMATION

   Item 1. Legal Proceedings                                               17

   Item 2. Changes in Securities                                           17

   Item 3. Defaults Upon Senior Securities                                 17

   Item 4. Submission of Matters to a Vote of Security Holders             17

   Item 5. Other Information                                               17

   Item 6. Exhibits and Reports on Form 8-K                                17


   Signatures                                                              18


<PAGE>


PART I.  FINANCIAL INFORMATION

All references to "us", "we", or "the Company" refer to Tradestar Services,
Inc., and its subsidiary.

ITEM 1.  FINANCIAL STATEMENTS

<TABLE>
                            TRADESTAR SERVICES, INC,
                      Condensed Consolidated Balance Sheets


<CAPTION>

                                     ASSETS
                                                                    March 31, 2006
                                                                     (Unaudited)    12/31/2005
                                                                    ------------    ----------
<S>                                                                  <C>            <C>
Current Assets
     Cash and Equivalents                                            $   282,248    $   759,750
     Accounts Receivable, Less Allowance for Doubtful Accounts
        of $101,502, Security for 9% Promissory Notes                  2,079,463      2,091,973
     Other Current Assets                                                 15,000          --
                                                                     -----------    -----------
                 Total Current Assets                                  2,376,711      2,851,723
Fixed Assets
     Property and Equipment at Cost, Less Accumulated Depreciation        84,733         72,934
                                                                     -----------    -----------
Other Assets
     Deferred Offering Costs                                               5,000          --
     Security Deposits                                                    13,025         13,025
                                                                     -----------    -----------
                                                                     $ 2,479,469    $ 2,937,682
                 Total Assets
                                                                     ===========    ===========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
     Accounts Payable                                                $   220,499    $   185,147
     Accrued Expenses                                                    135,010      1,059,383
     Accrued Interest Payable                                             70,940         70,621
                                                                     -----------    -----------
                 Total Current Liabilities                               426,449      1,315,151
Long Term Liabilities
     Accum Amort-Issuance Cost Less Debt Discount for Warrants             4,056           --
     Note Payable to Shareholder                                         658,385        358,385
     9% Promissory Notes Payable, Net of $58,239 Discount              1,106,550      1,109,383
                                                                     -----------    -----------
                 Total Long Term Liabilities                           1,768,991      1,467,768
                                                                     -----------    -----------
                 Total Liabilities                                     2,195,440      2,782,919

Stockholders' Equity
     Preferred Stock, $.01 Par Value Per Share,
        1,000,000 Authorized, None Issued                                   --            --
     Common Stock, $.001 Par Value Per Share,
        50,000,000 Authorized,
        10,950,000 Issued and Outstanding                                 10,950         10,950
     Additional Paid-In-Capital                                        1,522,796      1,494,830
     Accumulated (Deficit)                                            (1,249,717)    (1,351,017)
                                                                     -----------    -----------
                 Total Stockholders' Equity                              284,029        154,763
                                                                     -----------    -----------
                 Total Liabilities and Stockholders' Equity          $ 2,479,469    $ 2,937,682
                                                                     ===========    ===========
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

                                        3
<PAGE>


                            TRADESTAR SERVICES, INC.
                 Condensed Consolidated Statements of Operations
                                   (Unaudited)

                                       Three Months Ended March 31,
                                       ----------------------------
                                           2006            2005
                                       ------------    ------------

Revenue                                $  3,344,309    $  1,094,310

Direct Cost of Services                   2,669,804         912,597
                                       ------------    ------------

                        Gross Profit        674,505         181,713
                                       ------------    ------------


Operating Expenses:
      Selling, General and
      Administrative                        534,415         263,164
      Depreciation                            4,009           5,784
                                       ------------    ------------

                        Operating
                        Income (Loss)       136,081         (87,235)

      Interest Expense                      (34,783)        (10,587)
                                       ------------    ------------

Net Income (Loss)                      $    101,298    $    (97,822)
                                       ============    ============

Net Income (Loss) Per Share,
Basic and Diluted                      $       0.01    $      (0.01)
                                       ============    ============

Weighted Average Shares
    Outstanding, Basic                   10,950,000       9,193,333
                                       ============    ============

Weighted Average Shares
    Outstanding, Diluted                   356,947           --
                                       ============    ============


     See accompanying notes to condensed consolidated financial statements.

                                        4
<PAGE>


                            TRADESTAR SERVICES, INC.
                 Condensed Consolidated Statements of Cash Flows
                                   (Unaudited)

                                                  Three Months Ended March 31,
                                                     ----------------------
                                                        2006        2005
                                                     ---------    ---------

Cash Flows (Used In) Operating Activities:
       Net Income (Loss)                             $ 101,298    $ (97,822)
       Adjustments to Reconcile Net Income (Loss)
       to Cash (Used In) Operations:
            Depreciation Expense                         4,009        5,784
            Amortization Expense                         9,710         --
            Warrant Expense                              5,730         --
            Services Contributed by Officers            12,500       12,500
            Changes in Assets and Liabilities:
                  Accounts Receivable                   12,511     (250,087)
                  Other Current Assets                 (20,000)      (8,903)
                  Accrued Expenses                    (897,462)     136,155
                  Accrued Interest Payable               8,761       10,585
                                                     ---------    ---------
                              Net Cash (Used In)      (762,943)    (191,788)
                              Operating Activities
                                                     ---------    ---------

Cash Flows From Investing Activities:
       Purchase of Equipment                           (15,809)     (40,771)
                                                     ---------    ---------
                              Net Cash (Used In)
                              Investing Activities     (15,809)     (40,771)

Cash Flows From Financing Activities:
       Shareholder Advances                            300,000      233,614

       Proceeds from 9% Promissory Notes Payable         1,250         --

       Proceeds from Issuance of Common Stock             --        600,000
                                                     ---------    ---------
                              Net Cash Provided by     301,250      833,614
                              Financing Activities
                                                     ---------    ---------

                              Net Increase (Decrease)
                              in Cash and
                              Cash Equivalents        (477,502)     601,055

Cash and Equivalents at Beginning of Period            759,750      142,807
                                                     ---------    ---------

Cash and Equivalents at End of Period               $ 282,248    $ 743,862
                                                     =========    =========

     See accompanying notes to condensed consolidated financial statements.

                                        5
<PAGE>

                            TRADESTAR SERVICES, INC.
              Notes to Condensed Consolidated Financial Statements

                                   (Unaudited)


(1)  Basis of Presentation

     The accompanying condensed consolidated financial statements have been
     prepared by the Company without audit, pursuant to the rules and
     regulations of the Securities and Exchange Commission and in accordance
     with accounting principles for interim financial information. In the
     opinion of management, these condensed consolidated financial statements
     contain all adjustments (consisting only of normal recurring adjustments)
     necessary to fairly state the financial position of the Company as of March
     31, 2006 and the results of its operations and cash flows for the three
     months ended March 31, 2006 and 2005. Certain information and footnote
     disclosures normally included in financial statements prepared in
     accordance with generally accepted accounting principles have been
     condensed or omitted. Interim results of operations are not necessarily
     indicative of results for subsequent interim periods or the remainder of
     the full year. These financial statements should be read in conjunction
     with our Annual Report on Form 10-KSB for the year ended December 31, 2005.

(2)  Net Earnings (Loss) Per Share

     Basic earnings (loss) per share is computed by dividing the net income or
     loss by the weighted average number of common shares outstanding during the
     period. Diluted earnings per common share are computed by dividing net
     income by the weighted average common shares and potentially dilutive
     common share equivalents. The effects of potential common stock equivalents
     are not included in computations when their effect is anti-dilutive.
     Because of the net loss for the quarter ended March 31, 2005, the basic and
     diluted average outstanding shares are considered the same, since including
     the shares would have an antidilutive effect on the loss per share
     calculation. For the quarter ended March 31, 2006, the potential common
     stock equivalents have a dilutive effect on the Earnings Per Share and are
     included in the dilutive average outstanding shares using the Treasury
     Stock Method.

(3)  Contributed Services

     The Company's President has not been paid any salary for full-time
     services. The Company has estimated the value of the forgone salary at
     $12,500 for the three months ended March 31, 2006 and 2005, which has been
     recorded as a contribution to capital.

                                        6
<PAGE>

                            TRADESTAR SERVICES, INC.
              Notes to Condensed Consolidated Financial Statements

                                   (Unaudited)


(4)  Commencement of Operations in Arizona

     In February, 2006, the Company opened a satellite office to our Phoenix,
     Arizona operation. The Company entered into a lease for office space under
     a non-cancelable lease agreement. The lease calls for lease payments
     ranging from $2,200 to $2,425 over the term of the lease expiring on
     December 31, 2008. The Company's President has personally guaranteed this
     lease.


(5)  The Company uses nominal office space provided by an officer on a rent-
     free basis.

     The Company received advances of $250,000 and $50,000, respectively, from
     two stockholders. During the quarter ended December 31, 2005, a vehicle
     with a net book value of $36,574 was transferred to one of the stockholders
     in partial repayment of advances to the Company.

     The Company's President has personally guaranteed the lease of the
     satellite office to the Phoenix, Arizona center.

                                        7
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

The following discussion of our financial condition and results of operations
should be read in conjunction with, and is qualified in its entirety by, the
condensed consolidated financial statements and notes thereto included in Item 1
in this Quarterly Report on Form 10-QSB. This item contains forward-looking
statements that involve risks and uncertainties. Actual results may differ
materially from those indicated in such forward-looking statements.

Forward-Looking Statements

This Quarterly Report on Form 10-QSB and the documents incorporated herein by
reference contain forward-looking statements that have been made pursuant to the
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on current expectations, estimates, and
projections about our industry, management beliefs, and certain assumptions made
by our management. Words such as "anticipates," expects," "intends," "plans,"
"believes," "seeks," "estimates," variations of such words, and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties, and assumptions that are difficult to predict; therefore,
actual results may differ materially from those expressed or forecasted in any
such forward-looking statements. Unless required by law, we undertake no
obligation to update publicly any forward-looking statements, whether as a
result of new information, future events, or otherwise. However, readers should
carefully review the risk factors set forth in other reports and documents that
we file from time to time with the Securities and Exchange Commission,
particularly the Report on Form 10-SB, and future Annual Reports on Form 10-KSB
and any Current Reports on Form 8-K.

Overview and History

Tradestar Services, Inc. was incorporated in the State of Nevada on September 3,
2003 under the name Frontier Staffing, Inc. We were formed to acquire Tradestar
Construction Services, Inc., a New Mexico corporation, which is a wholly-owned
subsidiary operating as an employment staffing service specializing in the
placement of both long-term and short-term skilled and unskilled construction
labor to the New Mexico construction market. In January, 2004, we acquired
Tradestar Construction Services, Inc. in a stock-for-stock exchange. We issued a
total of 6,400,000 shares.

On July 7, 2004, we filed a registration statement under cover of Form SB-2 with
the SEC. This registration statement was effective on February 10, 2005. On
March 30, 2005, we closed this public offering. We raised a total of $600,000
and sold a total of 2,000,000 common shares.

In October, 2005, we amended our Articles of Incorporation to change our name to
Tradestar Services, Inc. We remain a Nevada corporation.

We develop, own, and operate employment service centers in specific regional
areas specializing in the placement of skilled construction labor. We will
provide both skilled commercial craftsmen and general unskilled labor to the
construction markets located in the areas where we plan to operate. We currently
have operations located in Albuquerque, New Mexico, Phoenix, Arizona, and Las
Vegas, Nevada.

                                        8
<PAGE>


Our headquarters are located at our principal office 3451-A Candelaria, NE,
Albuquerque, New Mexico 87107. Our phone number at our headquarters is (505)
872-3133. Our fiscal year end is December 31.

Results of Operations
-------------------------------------------------------------------------------

Our results of operations will be subject to variations. The results for a
particular period may vary as a result of a number of factors. These include:

*    the overall state of the staffing segment of the economy,
*    the development status of and demand for our services and products,
*    economic conditions in our markets,
*    the timing of expenditures in anticipation of future revenues,
*    the mix of services and products sold by us,
*    the introduction of new services and products,
*    product enhancements by us or our competitors, and
*    pricing and other competitive conditions.

We have a limited operating history in our present format and have had a history
of losses which may continue into the future. However, we had our first
profitable fiscal quarter for the period ended March 31. 2006.

This discussion relates to our condensed consolidated financial statements. For
the fiscal quarter ended March 31, 2006, total revenues increased significantly
to $3,344,309 as compared to revenues of $1,094,310 for the same period ended
March 31, 2005. The increase in revenues is due to the increase in customers in
New Mexico and the opening of our branch office in Tempe, Arizona.

Direct costs of services include all direct costs incurred in providing
employment services. Direct costs consist of wages for temporary employees,
federal and state payroll taxes, workers compensation and per diem direct costs
associated with the services. Direct costs of services are generally consistent,
except for payroll taxes where the maximum contribution has been met and for
workers compensation, which vary with each job site. Direct costs of services
decreased as a percentage of revenues to approximately 80% (a total of
$2,669,804) for the fiscal quarter ended March 31, 2006, compared to
approximately 83% (a total of $912,597) for the fiscal quarter ended March 31,
2005. This decrease was the result of increased billing rates.

The difference between gross revenues and direct costs of services is gross
profit. Our gross profit for the fiscal quarter ended March 31, 2006 was
$674,505 compared to gross profit of $181,713 for the fiscal quarter ended March
31, 2005. Our higher revenues, which are the result of opening additional
centers and increasing the billing rates, contributed directly to our higher
gross profit.

Direct costs of services include all direct costs incurred in providing
employment services. Direct costs consist of wages for temporary employees,
federal and state payroll taxes, workers compensation and per diem direct costs
associated with the services. Direct costs of services are generally consistent
with the increase in revenues, except for payroll taxes where the maximum
contribution has been met and for workers compensation, which vary with each job
site. Direct costs of services decreased as a percentage of revenues to

                                        9
<PAGE>


approximately 80% (a total of $2,669,804) for the fiscal quarter ended March 31,
2006, compared to approximately 83% (a total of $912,597) for the fiscal quarter
ended March 31, 2005. This decrease was the result of increased billing rates to
cover increased costs.

The difference between gross revenues and direct costs of services is gross
profit. Our gross profit for the fiscal quarter ended March 31, 2006 was
$674,505 compared to gross profit of $181,713 for the fiscal quarter ended March
31, 2005. Our higher revenues, which are the result of opening additional
centers and increasing the billing rates, contributed directly to our higher
gross profit.

We anticipate that overhead costs in current operations will remain fairly
constant as a factor of sales except for costs directly associated with
marketing and/or the opening of additional centers. Thus, additional sales
contribute to liquidity at a higher return on sales due to not needing to expand
overhead at the same pace. Albuquerque has been a slow market. However, we are
seeing the New Mexico market grasp the outsourcing of skilled labor. Since March
2004, we have continued to see an improvement in our sales. In the first fiscal
quarter of 2006, the monthly average sales were approximately $1,114,770
compared to a monthly average of approximately $364,770 for the first fiscal
quarter of 2005. By comparison, for fiscal year 2005, the monthly average sales
were $320,000 compared to a monthly average of $260,000 for fiscal year 2004.
Also we continue to work to reduce our workers compensation rates and improve
our margins with new clients. It is too early to discuss the results of our
Phoenix or Las Vegas operations.

Selling, general and administrative expenses for the fiscal quarter ended March
31, 2006 increased to $534,415 compared to $263,164 for the same period ended
March 31, 2005. The increase in selling, general and administrative expenses was
due to the costs associated with opening and operating three (3) new centers.
The interest expense for the fiscal quarter ended March 31, 2006 increased to
$34,783 as compared to interest expense of $10,587 for the same period ended
March 31, 2005. The increase is a result of Mr. Downs increasing the note
payable to him, the sales growth and applicable growth in accounts receivable
financing, and the start-up costs for our Phoenix and Las Vegas offices. The
major components of operating expenses include professional fees, salaries and
associated payroll costs, rent and telephone expenses.

As a result of the foregoing, we had our first net profit of $101,298 for the
fiscal quarter ended March 31, 2006 compared to a net loss of $97,822 for the
same period ended March 31, 2005. This resulted in a net profit of $0.01 per
share for the fiscal quarter ended March 31, 2006 compared to a net loss of $.01
per share for the same period ended March 31, 2005.

Regarding our interest expense, as part of the reorganization effective January
1, 2004, Mr. Downs agreed in 2004 to reduce advances he had made to Tradestar
and due him by $611,634, and formalized the terms of the remaining outstanding
$252,048 principal to provide for interest at 7% per annum, with a balloon
payment due on December 31, 2009. Subsequently, in 2004, Mr. Downs advanced the
Company $280,482 and was repaid $44,469. During 2005, Mr. Downs advanced the
Company an additional $420,324 and was repaid $550,000. During the fiscal
quarter ended March 31, 2006, Mr. Downs advanced an additional $250,000, which
resulted in a total of $608,385 due him at March 31, 2006. Mr. Huttner, the
Company's Chief Financial Officer, advanced the Company $50,000 in February,
2006.

Beginning in July 2005, we entered an agreement with a number of investors for
the issuance of 9% Secured promissory notes, due along with any unpaid interest
18 months after issuance. Our President and Chief Financial Officer are part of
the investor group. Under the terms of the notes, we granted the lenders a
security interest in our accounts receivable and any other of our assets as set
forth in a security agreement. We began to make interest-only payments monthly
in August, 2005. As of March 31, 2006, we had a total of $1,164,789 of principal
in 9% Secured promissory notes.

Liquidity and Capital Resources
-------------------------------

As of March 31, 2006, we had cash or cash equivalents of $282,248, compared to
cash or cash equivalents of $759,750 as of December 31, 2005.

Net cash used in operating activities was $762,943 for the fiscal quarter ended
March 31, 2006, compared to net cash used of $191,788 for the fiscal quarter
ended March 31, 2005. The increase in payroll liabilities was partially offset
by increased accounts receivable, but still caused the reduction of cash
provided from operations.

Cash flows used in investing activities were $15,809 during the fiscal quarter
ended March 31, 2006, compared to $40,771 for the fiscal quarter ended March 31,
2005. The investing activities involved the purchase of equipment.

                                       10
<PAGE>


Cash flows provided by financing activities accounted for $301,250 for the
fiscal quarter ended March 31, 2006, compared to net cash provided of $833,614
for the fiscal quarter ended March 31, 2005. These cash flows were primarily
related to shareholder advances, proceeds from notes payable, and the issuance
of common stock.

Over the next twelve months, we do not expect to incur significant capital costs
to support our current locations. We have already incurred most of our costs
related to the opening of both Phoenix centers and the Las Vegas center, which
included office furniture, office equipment, software and signage. With the
Phoenix and Las Vegas centers open, our on-going monthly operating costs will be
approximately $202,333 including salaries, advertising, office expenses and
professional fees. Of this amount, Phoenix and Las Vegas operations will be
approximately $99,000 to $111,000 per month.

In March, 2006, we amended our prior letter of intent to acquire a private
corporation to reflect a change in purchase price to $18,000,000 from
$21,000,000. Under the letter of intent, the seller will receive a promissory
note of approximately $3.4 million and cash of $2 million, Tradestar stock of
11,674,500 shares at $.40 per share, and Tradestar will assume approximately $8
million in debt.

Our principal source of liquidity has been Shareholder advances, proceeds
received from notes payable and the sale of common stock. Our operating cash
flow is closely tied to the economy of each city and the U.S. economy. A slow
down in construction will have a negative impact to our business. In any case,
we try to operate with minimal overhead. Our primary activity will be to seek to
expand the number of our centers and, consequently, our revenues. If we succeed
in expanding our customer base and generating sufficient revenues, we will
become profitable. We had our first net profit of $101,298 for the fiscal
quarter ended March 31, 2006 compared to a net loss of $97,822 for the same
period ended March 31, 2005. This resulted in a net profit of $0.01 per share
for the fiscal quarter ended March 31, 2006 compared to a net loss of $.01 per
share for the same period ended March 31, 2005. However, we cannot guarantee
that we will continue to be profitable in the future.


Proposed Milestones to Implement Business Operations
----------------------------------------------------

At the present time, we are operating from three centers, one in Albuquerque,
New Mexico, one in Phoenix, Arizona, which opened in February, 2005, and one in
Las Vegas, Nevada, which opened in August, 2005. We opened a satellite office to
our Phoenix, Arizona operation in February, 2006.

For the new fiscal year, we do not know if we will open an additional center. If
we complete our proposed acquisition of a private corporation, we plan to devote
substantially all of our efforts toward the integration of this acquisition and
the operation of our current centers. This potential acquisition represents an
expansion into a new segment of the staffing industry, which are oil and gas
field services.

                                       11
<PAGE>


However, when considering opening additional centers in the future, our plan
will remain consistent. We will perform an analysis of specific regions before
making a decision. We will begin by looking at construction markets rated in the
top ten for activity and number of dollars spent, as determined by government
rankings. Each region must have a specific percentage mix of ready skilled
labor. We will also look at the competitors in the market as we believe that
they provide a gauge of the sales in the market. We will look at sales channels
that our competitors may not be servicing for value added complements to our
services we offer clients. We will look at the employment rates in skilled labor
in the market to see if an ample inventory of labor is available to us to
service our clients. We will also look at wage, benefit and workers comp rates
being paid to see if they allow a reasonable return on investment to be made.
Workers compensation insurance is an area we analyze thoroughly because of its
large impact on gross profit. Finally, we will analyze the ability of the center
to generate at least $3.0 million in sales as our minimum sales criteria. We
will continue to review our criteria for additional centers and have not yet
finalized our decision on a center in either Texas, Utah or Colorado.
However, we believe that these areas are promising for a center. We plan
eventually to have centers in these states.

In February, 2005, we started recruiting and training in-house staff for our
Phoenix, Arizona center. In August, 2005, we started recruiting and training
in-house staff for our Las Vegas, Nevada center. In each case, we recruited
skilled construction craftsmen and general labor through classified
advertisements in local newspapers and by word of mouth. At the same time, we
contacted prospective users of our service. We used trade organizations to begin
making contacts. Every time we consider opening a center, we will perform the
same preliminary functions.

It is our plan to be profitable after approximately twelve months of full
operations in each center, although we cannot guarantee that we will. We believe
that we have finally developed sufficient business in the Albuquerque market to
be profitable in this center. The Phoenix center has become profitable since its
opening in February of 2005. We do not expect to be profitable in the Las Vegas
center until the second quarter of 2006.

Beginning in July 2005, we entered an agreement with a number of investors for
the issuance of 9% Secured promissory notes, due along with any unpaid interest
18 months after issuance. Our President and Chief Financial Officer are part of
the investor group. Under the terms of the notes, we granted the lenders a
security interest in our accounts receivable and any other of our assets as set
forth in a security agreement. We began to make interest-only payments monthly
in August, 2005. As of March 31, 2006, we had a total of $1,164,789 of principal
in 9% Secured promissory notes.

We also agreed to pay the lenders an origination fee of five percent (5%) of the
principal amount of the notes, a total of $58,239, and this is being amortized
over the term of the notes. Consequently, net loan proceeds of $1,106,550 were
received. In addition to the loan origination fee, the lenders were also granted
warrants to purchase common stock equal to 10% of the loan principal (i.e.
covering 116,479 shares). The warrants vest immediately, are exercisable at $.30
per share and expire in 2010. The estimated value of the warrants, $29,892 was
recorded as a debt discount and is being amortized over the term of the notes.


                                       12
<PAGE>


In March, 2006, we amended our prior letter of intent to acquire a private
corporation to reflect a change in purchase price to $18,000,000 from
$21,000.000. Under the letter of intent, the seller will receive a promissory
note of approximately $3.4 million and cash of $2 million, Tradestar stock of
11,674,500 shares at $.40 per share, and Tradestar will assume approximately $8
million in debt.

Other than the 9% Secured promissory notes received in 2005, no commitments to
provide additional funds have been made by management or current shareholders.
However, if we complete our proposed acquisition, we must raise additional
capital to fund the project. If we do not complete the acquisition, we plan to
issue additional notes and/or equity to increase our liquidity. We do not have a
specific amount at this time. There is no assurance that additional funds will
be made available to us on terms that are acceptable, or at all, if and when
needed. We expect to generate revenues shortly after commencement of business,
but there can be no assurance we will generate revenues sufficient to continue
operations or to expand.

Initially, our advertising and marketing focus will be directed to advertising
in local newspapers. We also believe that word-of-mouth advertising will be an
effective form of advertising because of Mr. Downs' previous reputation in the
staffing business and in the construction market, in general, and the quality of
service that we bring to clients. We believe that satisfied clients will bring
more and repeat customers.

In the next 12 months, we do not intend to spend any substantial funds on
research and development and do not intend to purchase any large equipment.

Recently Issued Accounting Pronouncements
------------------------------------------

In November 2004, the Financial Accounting Standards Board ("FASB") issued
FASB Statement No. 151, which revised ARB No.43, relating to inventory costs.
This revision is to clarify the accounting for abnormal amounts of idle facility
expense, freight, handling costs and wasted material (spoilage). This Statement
requires that these items be recognized as a current period charge regardless of
whether they meet the criterion specified in ARB 43. In addition, this Statement
requires the allocation of fixed production overheads to the costs of conversion
be based on normal capacity of the production facilities. This Statement is
effective for financial statements for fiscal years beginning after June 15,
2005. Earlier application is permitted for inventory costs incurred during
fiscal years beginning after the date this Statement is issued. Management
believes this Statement will have no impact on the financial statements of the
Company once adopted.

In December 2004, the FASB issued FASB Statement No. 152, which amends FASB
Statement No. 66, Accounting for Sales of Real Estate, to reference the
financial accounting and reporting guidance for real estate time-sharing
transactions that is provided in AICPA Statement of Position (SOP) 04-2,
Accounting for Real Estate Time-Sharing Transactions. This Statement also amends
FASB Statement No. 67, Accounting for Costs and Initial Rental Operations of
Real Estate Projects, to state that the guidance for (a) incidental operations
and (b) costs incurred to sell real estate projects does not apply to
real-estate time-sharing transactions. The accounting for those operations and
costs is subject to the guidance in SOP 04-2. This Statement is effective for
financial statements for fiscal years beginning after June 15, 2005. Management
believes this Statement will have no impact on the financial statements of the
Company once adopted.

In December 2004, the FASB issued FASB Statement No. 153. This Statement
addresses the measurement of exchanges of nonmonetary assets. The guidance in
APB Opinion No. 29, Accounting for Nonmonetary Transactions, is based on the
principle that exchanges of nonmonetary assets should be measured based on the
fair value of the assets exchanged. The guidance in that Opinion, however,
included certain exceptions to that principle. This Statement amends Opinion 29
to eliminate the exception for nonmonetary exchanges of similar productive
assets and replaces it with a general exception for exchanges of nonmonetary
assets that do not have commercial substance. A nonmonetary exchange has
commercial substance if the future cash flows of the entity are expected to
change significantly as a result of the exchange. This Statement is effective
for financial statements for fiscal years beginning after June 15, 2005. Earlier

                                       13
<PAGE>


application is permitted for nonmonetary asset exchanges incurred during fiscal
years beginning after the date this Statement is issued. Management believes
this Statement will have no impact on the financial statements of the Company
once adopted.

In December 2004, the FASB issued a revision to FASB Statement No. 123,
Accounting for Stock Based Compensation. This Statement supersedes APB Opinion
No. 25, Accounting for Stock Issued to Employees, and its related implementation
guidance. This Statement establishes standards for the accounting for
transactions in which an entity exchanges its equity instruments for goods or
services. It also addresses transactions in which an entity incurs liabilities
in exchange for goods or services that are based on the fair value of the
entity's equity instruments or that may be settled by the issuance of those
equity instruments. This Statement focuses primarily on accounting for
transactions in which an entity obtains employee services in share-based payment
transactions. This Statement does not change the accounting guidance for
share-based payment transactions with parties other than employees provided in
Statement 123 as originally issued and EITF Issue No. 96-18, "Accounting for
Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in
Conjunction with Selling, Goods or Services." This Statement does not address
the accounting for employee share ownership plans, which are subject to AICPA
Statement of Position 93-6, Employers' Accounting for Employee Stock Ownership
Plans. A nonpublic entity will measure the cost of employee services received in
exchange for an award of equity instruments based on the grant-date fair value
of those instruments, except in certain circumstances. A public entity will
initially measure the cost of employee services received in exchange for an
award of liability instruments based on its current fair value; the fair value
of that award will be re-measured subsequently at each reporting date through
the settlement date. Changes in fair value during the requisite service period
will be recognized as compensation cost over that period. A nonpublic entity may
elect to measure its liability awards at their intrinsic value through the date
of settlement. The grant-date fair value of employee share options and similar
instruments will be estimated using the option-pricing models adjusted for the
unique characteristics of those instruments (unless observable market prices for
the same or similar instruments are available). Excess tax benefits, as defined
by this Statement, will be recognized as an addition to paid-in-capital. Cash
retained as a result of those excess tax benefits will be presented in the
statement of cash flows as financing cash inflows. The write-off of deferred tax
assets relating to unrealized tax benefits associated with recognized
compensation cost will be recognized as income tax expense unless there are

                                       14
<PAGE>


excess tax benefits from previous awards remaining in paid-in capital to which
it can be offset. The notes to the financial statements of both public and
nonpublic entities will disclose information to assist users of financial
information to understand the nature of share-based payment transactions and the
effects of those transactions on the financial statements. The effective date
for public entities that do not file as small business issuers will be as of the
beginning of the first interim or annual reporting period that begins after June
15, 2005. For public entities that file as small business issuers and nonpublic
entities the effective date will be as of the beginning of the first interim or
annual reporting period that begins after December 15, 2005. Management intends
to comply with this Statement at the scheduled effective date for the relevant
financial statements of the Company.


Seasonality
-----------

We do not expect our revenues to be impacted by seasonal demands for our
services.

Critical Accounting Policies and Practices
-------------------------------------------

RECOGNITION OF REVENUE AND COST OF SERVICES. Revenues consist of hourly charges
billed customers for the services of employees assigned to worksites. Gross
billings are rendered weekly and are recognized at the time service is provided
customers.

Direct costs of services include compensation paid worksite employees, related
payroll taxes, benefits and workers' compensation insurance. Costs of services
are recognized when incurred based on hours worked by worksite employees.

Emerging Issues Task Force ("EITF") No. 99-19, "Reporting Revenues Gross as a
Principal Versus Net as an Agent", establishes criteria for recognizing revenues
on a gross or net basis. The Company is the primary obligor in its transactions,
has responsibility for fulfillment, including the acceptability of services
ordered and purchased by customers. In addition, the Company has all credit
risk, retains substantially all risk and rewards of the services rendered, has
sole discretion in staffing engagements and setting the billing rates of its
employees. Accordingly, the Company records all transactions at the gross
revenue amount billed, consistent with the provisions of EITF 99-19.

ALLOWANCE FOR DOUBTFUL ACCOUNTS. The determination of the collectability of
amounts due from our customers requires us to use estimates and make judgments
regarding future events and trends, including monitoring our customer payment
history and current credit worthiness to determine that collectability is
reasonably assured, as well as consideration of the overall business climate in
which our customers operate. Inherently, those uncertainties require us to make
frequent judgments and estimates regarding our customers' ability to pay amounts
due us in order to determine the appropriate amount of valuation allowances
required for doubtful accounts. Provisions for doubtful accounts are recorded
when it becomes evident that the customers will not be able to make the required
payments at either contractual due dates or in the future. Over the past two
years, reserves for doubtful accounts, as a percentage of total sales before bad

                                       15
<PAGE>


debt expense, have ranged from 3.0% to 10.8%. At March 31, 2006 and 2005,
reserves for doubtful accounts totaled $101,502, or 3.0%, and $118,722, or 10.8%
of total sales before bad debt expense, respectively. We believe that our
reserve for doubtful accounts is adequate to cover anticipated losses under
current conditions; however, uncertainties regarding changes in the financial
condition of our customers, either adverse or positive, could impact the amount
and timing of any additional provisions for doubtful accounts that may be
required.

IMPAIRMENT OF LONG-LIVED ASSETS. Long-lived assets, which include property,
plant and equipment, goodwill and other intangibles, comprise a significant
amount of our total assets. We make judgments and estimates in conjunction with
the carrying value of these assets, including amounts to be capitalized,
depreciation and amortization methods and useful lives. Additionally, the
carrying values of these assets are reviewed for impairment or whenever events
or changes in circumstances indicate that the carrying amounts may not be
recoverable. An impairment loss is recorded in the period in which it is
determined that the carrying amount is not recoverable. This requires us to make
long-term forecasts of its future revenues and costs related to the assets
subject to review. These forecasts require assumptions about demand for our
products and services, future market conditions and technological developments.
Significant and unanticipated changes to these assumptions could require a
provision for impairment in a future period.


ITEM 3. CONTROLS AND PROCEDURES

As of the date of this report, our Chief Executive Officer and our Chief
Financial Officer evaluated the effectiveness of the design and operation of our
disclosure controls and procedures pursuant to Rule 13a-15b under the Securities
Exchange Act of 1934. Based on their review of our disclosure controls and
procedures, they have concluded that our disclosure controls and procedures are
effective in timely alerting each of them to material information relating to us
that is required to be included in our periodic SEC filings. Further, there were
no significant changes in the internal controls or in other factors that could
significantly affect these disclosure controls after the evaluation date and the
date of this report. Nor were there any significant deficiencies or material
weaknesses in such disclosure controls and procedures requiring corrective
actions. As a result, no corrective actions were taken.

                                       16
<PAGE>


PART II.  OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

There are no legal proceedings, to which we are a party, which could have a
material adverse effect on our business, financial condition or operating
results.


ITEM 2. CHANGES IN SECURITIES

In March, 2006, we received an additional $1,250 in proceeds from the sale of
the 9% Secured promissory notes, due along with any unpaid interest 18 months
after issuance. Under the terms of the Notes, we also granted the investors a
security interest in our accounts receivable and in any other of our assets as
set forth in a Security Agreement. We make interest only payments monthly. We
also agreed to pay the investors an origination fee of five percent (5%) of the
Principal Amount of the Notes at the execution of the Notes. The origination fee
was assessed at five percent (5%) of the Principal Amount at the inception of
the loan. Consequently, we received net proceeds of $1,187. In addition to the
loan origination fee, the lenders were also granted warrants to purchase common
stock equal to 10% of the loan principal (i.e. covering 125 shares). The
warrants vest immediately, are exercisable at $.30 per share and expire in 2011.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

         None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None.

ITEM 5. OTHER INFORMATION

         None.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

   Exhibits
   --------

   31.1      Certification of Chief Executive Officer pursuant to Rule
             13a-14(a)/15(d)-14(a)

   31.2      Certification of Chief Financial Officer pursuant to Rule
             13a-14(a)/15(d)-14(a)

   32.1      Certification of Chief Executive Officer pursuant to 18 U.S.C.
             Section 1350, as adopted pursuant to Section 906 of the
             Sarbanes-Oxley Act of 2002

   32.2      Certification of Chief Executive Officer pursuant to 18 U.S.C.
             Section 1350, as adopted pursuant to Section 906 of the
             Sarbanes-Oxley Act of 2002

                                       17
<PAGE>



Reports on Form 8-K
-------------------

We filed no reports on Form 8-K during the fiscal quarter ended March 31, 2006.





                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Date:                        Tradestar Services, Inc.,


May 15, 2006                By:   /s/ Clarence Downs
                                  --------------------------------------------
                                  Clarence Downs, Chief Executive Officer



May 15, 2006                By:   /s/ Frederick A. Huttner
                                  --------------------------------------------
                                  Frederick A. Huttner, Chief Financial Officer


                                       18