UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                 FORM 10-QSB / A
       QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934 ACT
                             REPORTING REQUIREMENTS

  [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
             OF 1934 for the quarterly period ended March 31st, 2007

                          Commission File No. 000-50621


                              LOGICA HOLDINGS, Inc.
                              ---------------------
             (Exact name of registrant as specified in its charter)

                                Nevada 86-0787790
          (State of organization) (I.R.S. Employer Identification No.)

                82 Avenue Road, Toronto, Ontario M5R 2H2, Canada
                    (Address of principal executive offices)
                    ----------------------------------------

                                   416 9295798
               Registrant's telephone number, including area code



Check whether the issuer (1) filed all reports required to be file by Section 13
or 15(d) of the Exchange Act during the past 12 months and (2) has been subject
to such filing requirements for the past 90 days. Yes [X]

There are 36,848,400 shares of common stock outstanding, as of May 16, 2007.





<PAGE>



PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS





                     LOGICA HOLDINGS, INC. AND SUBSIDIARIES

               INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

        THREE MONTHS ENDED MARCH 31, 2007, AND MARCH 31, 2006 (UNAUDITED)






                                    CONTENTS

Explanatory note                                                           3-5

Interim Condensed Consolidated Balance Sheets                                6

Interim Condensed Consolidated Statements of Operations and
 Comprehensive Loss                                                          7

Interim Condensed Consolidated Statements of Stockholders' Deficit           8

Interim Condensed Consolidated Statements of Cash Flows                      9

Notes to Interim Condensed Consolidated Financial Statements           10 - 17








                                       2
<PAGE>
<TABLE>
<CAPTION>

                                Explanatory Note:

The consolidated financial statements for the three months ended March 31, 2007
and the relevant disclosures in this Amendment No. 1 to the Quarterly Report on
Form 10-QSB have be restated in accordance with the changes described below:



In October 2007, Logica Holdings Inc (Former Maximum Awards Inc) concluded that
it was necessary to amend this Quarterly Report in order to restate its
financial statements for the period ended March 31st, 2007 to reflect:

     1)   The filed and restated balance sheet differences:


     A.   Accounts Receivable - Certain accounts included in this balance were
          un-reconciled however upon completion of the reconciliation, the
          resultant change was to reduce Accounts Receivable by $22,550.
     B.   Accounts Payable - Certain accounts included in this balance were
          un-reconciled however upon completion of the reconciliation, the
          resultant change was to reduce Accounts Payable by $24,375.
     C.   Accumulated Other  Comprehensive Loss - Balance decreased by $1,965 as
          a result of the application of the appropriate  foreign exchange rates
          to the updated balances.
     D.   Accumulated  Deficit - $106  change  due to  Statement  of  Operations
          changes.


Restated Balance Sheet Differences, March 31st 2007:
----------------------------------------------------


  Note                                         Filed         Differences        Restated
                                               -----         -----------        --------
<S>                                       <C>              <C>              <C>
                                                                Assets
                                                                ------
         Current Assets
         Cash                                 $37,825.00            $0.00       $37,825.00
   A     Accounts Receivable                  $80,007.00      -$22,550.00       $57,457.00
         Inventory                            $13,320.00            $0.00       $13,320.00
                                          --------------   --------------   --------------
         Total Current Assets                $131,152.00      -$22,550.00      $108,602.00
                                          ==============   ==============   ==============

         Equipment (Net)                      $21,788.00           $32.00       $21,820.00
                                          ==============   ==============   ==============

         Total Assets                        $152,940.00      -$22,518.00      $130,422.00
                                          ==============   ==============   ==============


                                                             Liabilities
                                                             -----------
         Current Liabiliites
   B     Accounts payable                    $439,705.00      -$24,375.00      $415,330.00
         Accured Liabilities                  $50,788.00            $0.00       $50,788.00
         Liability for unredeemed points      $15,366.00            $0.00       $15,366.00
         Due to related party                $138,500.00            $0.00      $138,500.00
         Convertible debenture                     $0.00            $0.00            $0.00
         Advances from directors             $235,416.00           -$2.00      $235,414.00
                                          --------------   --------------   --------------
         Total Current Liabilities           $879,775.00      -$24,377.00      $855,398.00
                                          ==============   ==============   ==============

                                       3
<PAGE>

         Total Liabilites

                                                        Stockholders Deficiency
                                                        -----------------------
         Capital Stock
         Preferred Stock                           $0.00            $0.00            $0.00
         Common Stock                         $36,838.00            $0.00       $36,838.00
                                          --------------   --------------   --------------
         Additional Paid-In Capital        $1,627,114.00            $0.00    $1,627,114.00
                                          ==============   ==============   ==============

   C     Accumulated Comprehensive Loss      -$56,022.00        $1,965.00      -$54,057.00
                                          ==============   ==============   ==============

   D     Accumulated Deficit              -$2,334,765.00         -$106.00   -$2,334,871.00
                                          ==============   ==============   ==============

         Total Stockholders Deficit         -$726,835.00        $1,859.00     -$724,976.00
                                          ==============   ==============   ==============

         Total Liabilities and Stockholders
         Deficit                             $152,940.00      -$22,518.00      $130,422.00
                                          ==============   ==============   ==============




     2)   The filed and restated Income Statement differences

     A.   Revenues  -  Decrease  of $1,298  due to  reclassification  of certain
          figures.
     B.   Cost of Sales - Decrease of $1,677 due to  reclassification of certain
          figures.
     C.   General  and  Administrative  expense  -  Increase  of  $3,237  due to
          reclassification of certain figures.
     D.   Legal  and   Professional   Fees  -   Decrease   of   $2,721   due  to
          reclassification of certain figures.
     E.   Foreign  Currency  Translation  Adjustment  - Decreased by $1,965 as a
          result of the application of the appropriate foreign exchange rates to
          the updated balances.
     F.   Comprehensive   Loss  -  Decreased  by  $1,859  due  to  Statement  of
          Operations changes.
     G.   Change  to the  number  of  shares  outstanding  during  the  period -
          Increase of 240,083 shares.


Restated Income Statement Differences,  March 31st 2007:
--------------------------------------------------------


  Note                                         Filed         Differences        Reviewed
                                               -----         -----------        --------

   A    Revenue                               $78,902.00       -$1,298.00       $77,604.00
                                          --------------   --------------   --------------
   B    Cost of Sales                         $40,167.00       -$1,677.00       $38,490.00
                                          ==============   ==============   ==============

        Gross Profit                          $38,735.00          $379.00       $39,114.00
                                          ==============   ==============   ==============


        Expenses
   C    General and Administrative           $152,937.00        $3,237.00      $156,174.00
   D    Legal and Professional Fees           $20,721.00       -$2,721.00       $18,000.00
        Amortization                           $1,147.00          -$32.00        $1,115.00
                                          --------------   --------------   --------------
        Total Expenses                       $174,805.00          $484.00      $175,289.00
                                          ==============   ==============   ==============

                                       4
<PAGE>


        Loss from Operations                -$136,070.00         -$105.00     -$136,175.00
                                          ==============   ==============   ==============

        Other expenses
                                          --------------   --------------   --------------
        Interest Expense                      $16,103.00            $1.00       $16,104.00
                                          ==============   ==============   ==============

        Loss Before Income Taxes            -$152,173.00         -$106.00     -$152,279.00
                                          ==============   ==============   ==============

        Provision for Income Tax                   $0.00            $0.00            $0.00
                                          ==============   ==============   ==============

        Net Loss                            -$152,173.00         -$106.00     -$152,279.00
                                          ==============   ==============   ==============

        Foreign Currency Translation
   E    Adjustment                            -$8,463.00        $1,965.00       -$6,498.00
                                          ==============   ==============   ==============

        Comprehensive Loss                  -$160,636.00        $1,859.00     -$158,777.00
                                            =============  ===============  ===============

        Basic and Fully Diluted Loss per
        Share                                   -$0.0735          $0.0080         -$0.0655
                                          ==============   ==============   ==============

        Basic and Fully Diluted Weighted
        Average
                                          --------------   --------------   --------------
        Number of Shares Outstanding During
   G    the Period                             2,184,500          240,083        2,424,583
                                          ==============   ==============   ==============
</TABLE>

3) Changes to Note Disclosures:

Note 1 - Operations and Business - Minor changes to wording

Note 3 - Summary of Significant Accounting Policies - Removed accounting
policies to conform to condensed format. Included recent accounting
pronouncement not previously disclosed.

Note 4 - Equipment, net - Reversed order with note 5. Updated foreign exchange
rate used.

Note 5 - Consumer Rewards Points Program - Changes to wording in order to
conform with the year-end audit format.

Note 9 - Capital Stock - Removed reference to reverse stock split as this
transaction took place after period-end.

Note 10 - Related Party Transactions - Included note that was not included in
the previous filing.

Note 11 - Segmented Information - Updated to agree to changes in the Balance
Sheet and Statement of Operations.

Note 12 - Income Taxes - Updated to agree to changes in the Balance Sheet and
Statement of Operations.

Note 14 - Included reference to the reverse stock split which was included in
the Capital Stock note in the previous filing.


The financial statements and other financial information included in this
Amendment No. 1 to the March 31st 2007 10Q-SB have been restated accordingly.
Logica Holdings Inc (Former: Maximum Awards Inc) shareholders should no longer
rely on the Logica Holdings Inc (Former: Maximum Awards Inc) previously filed
financial statements for the three months ended March 31st 2007. These matters
have been discussed by Logica Holdings Inc (Former: Maximum Awards Inc)
authorized executive officers with the Company's independent registered
accounting firm.


                                       5
<PAGE>
<TABLE>
<CAPTION>

LOGICA HOLDINGS, INC. AND SUBSIDIARIES
Interim Condensed Consolidated Balance Sheets
March 31, 2007, and December 31, 2006

                                                                            2007           2006
                                                                     (Unaudited)      (Audited)
<S>                                                                  <C>            <C>
                                     ASSETS

Current Assets
    Cash                                                             $    37,825    $    56,974
    Accounts receivable (net of allowance $2,282;
    2006 - $2,200) (note 10)                                              57,457         69,766
    Inventory                                                             13,320         10,872
                                                                     -----------    -----------

Total Current Assets                                                     108,602        137,612

Equipment, net (note 4)                                                   21,820         22,312
                                                                     -----------    -----------

Total Assets                                                         $   130,422    $   159,924
                                                                     ===========    ===========

                                   LIABILITIES

Current Liabilities
    Accounts payable (note 10)                                       $   415,330    $   344,720
    Accrued liabilities                                                   50,788         42,788
    Liability for unredeemed points (note 5)                              15,366         15,579
    Due to related party (note 6)                                        138,500        116,000
    Convertible debenture (note 7)                                          --          388,705
    Advances from directors (note 8)                                     235,414        239,881
                                                                     -----------    -----------

Total Current Liabilities                                                855,398      1,147,673
                                                                     -----------    -----------

Total Liabilities                                                        855,398      1,147,673
                                                                     -----------    -----------

                              STOCKHOLDERS' DEFICIT

Capital Stock (note 9)
    Preferred stock; rights to be granted at the discretion of the
    Board of Directors, 10,000,000 authorized, Non issued and
    Out-standing (2006 - 1,000 issued and outstanding)                      --            1,000
    Common stock; par value of $0.001 per share, 100,000,000
    authorized, 36,838,400 issued and outstanding
    (2006 - 32,676,900 issued and outstanding)                            36,838         32,677

Additional Paid-In Capital                                             1,627,114      1,208,725

Accumulated Comprehensive Loss                                           (54,057)       (47,559)

Accumulated Deficit                                                   (2,334,871)    (2,182,592)
                                                                     -----------    -----------

Total Stockholders' Deficit                                             (724,976)      (987,749)
                                                                     -----------    -----------

Total Liabilities and Stockholders' Deficit                          $   130,422    $   159,924
                                                                     ===========    ===========
</TABLE>

                 The accompanying notes are an integral part of
           these interim condensed consolidated financial statements.

                                       6
<PAGE>


LOGICA HOLDINGS, INC. AND SUBSIDIARIES
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
Three Months Ended March 31, 2007, and March 31, 2006




                                                            2007           2006
                                                     (Unaudited)    (Unaudited)

Revenues (note 11)                                   $    77,604    $   105,217

Cost of Revenues                                          38,490         50,795
                                                     -----------    -----------

Gross Profit                                              39,114         54,422
                                                     -----------    -----------

Expenses
    General and administrative (note 10)                 156,174        260,355
    Legal and professional fees                           18,000         10,000
    Depreciation                                           1,115          1,319
                                                     -----------    -----------

Total Expenses                                           175,289        271,674
                                                     -----------    -----------

Loss from Operations (note 11)                          (136,175)      (217,252)
                                                     -----------    -----------

Other Expense

    Interest expense                                     (16,104)        (1,120)
                                                     -----------    -----------

Loss before Income Taxes                                (152,279)      (218,372)
                                                                    -----------

    Provision for income taxes (note 12)                    --             --
                                                     -----------    -----------

Net Loss                                                (152,279)      (218,372)
                                                     -----------    -----------

Foreign Currency Translation Adjustment                   (6,498)        (3,190)
                                                     -----------    -----------

Comprehensive Loss                                   $  (158,777)   $  (221,562)
                                                     ===========    ===========

Basic and Diluted Loss per Share                     $     (0.06)   $     (0.10)
                                                     ===========    ===========

Basic and Diluted Weighted Average
     Number of Shares Outstanding During the Period
     Adjusted for the Reverse Stock Split (note 14)    2,424,583      2,155,000
                                                     ===========    ===========



                 The accompanying notes are an integral part of
           these interim condensed consolidated financial statements.

                                       7
<PAGE>
<TABLE>
<CAPTION>

LOGICA HOLDINGS, INC. AND SUBSIDIARIES
Interim Condensed Consolidated Statements of Stockholders' Deficit
Three Months Ended March 31, 2007, and 2006


                    Preferred Stock "Series A"        Common Stock
                    -------------------------   ------------------------   Additional   Accumulated                      Total
                       Number                      Number                   Paid-In    Comprehensive   Accumulated   Stockholders'
                     of Shares     Par Value     of Shares    Par Value     Capital        Loss          Deficit        Deficit
                    -----------   -----------   -----------  -----------  -----------  -------------   -----------   ------------
<S>                 <C>           <C>           <C>          <C>          <C>          <C>              <C>          <C>
Balance,
  January 1,
  2006                1,000,000   $     1,000    32,051,900  $    32,052  $ 1,106,850  $     (27,030)  $(1,313,107)  $   (200,235)



    Shares issued
      for cash             --            --         400,000          400       79,600           --            --           80,000

    Shares issued
      for services         --            --         225,000          225       22,275           --            --           22,500

    Foreign
      exchange on
      translation          --            --            --           --           --          (20,529)         --          (20,529)

    Net loss               --            --            --           --           --             --        (869,485)      (869,485)
                    -----------   -----------   -----------  -----------  -----------  -------------   -----------   ------------


Balance,
  December 31,
  2006 (Audited)      1,000,000         1,000    32,676,900       32,677    1,208,725        (47,559)   (2,182,592)      (987,749)

     Return of
      preferred
      shares         (1,000,000)       (1,000)         --           --          1,000           --            --             --

    Shares issued
      for
      debentures           --            --       4,101,500        4,101      406,049           --            --          410,150

    Shares issued
      for
      settlement
      of accounts
      payable              --            --          60,000           60       11,340           --            --           11,400

    Foreign
      exchange on
      translation          --            --            --           --           --           (6,498)         --           (6,498)

    Net loss               --            --            --           --           --             --        (152,279)      (152,279)
                    -----------   -----------   -----------  -----------  -----------  -------------   -----------   ------------


  Balance, March
      31, 2007
   (Unaudited)             --     $      --      36,838,400  $    36,838  $ 1,627,114  $     (54,057)  $(2,334,871)  $   (724,976)
                    ===========   ===========   ===========  ===========  ===========  =============   ===========   ============
</TABLE>

                 The accompanying notes are an integral part of
           these interim condensed consolidated financial statements.

                                       8
<PAGE>

LOGICA HOLDINGS, INC. AND SUBSIDIARIES
Interim Condensed Consolidated Statements of Cash Flows
Three Months Ended March 31, 2007, and March 31, 2006


                                                            2007          2006
                                                      (Unaudited)   (Unaudited)
Cash Flows from Operating Activities
    Net loss                                          $ (152,279)   $ (218,372)
    Adjustments for non-cash items:
       Depreciation                                        1,115         1,319
       Issuance of common stock for services, for
         debentures, and to settle accounts payable       32,845          --
                                                      ----------    ----------

                                                        (118,319)     (217,053)
    Changes in non-cash working capital:
       Accounts receivable                                12,309        (1,520)
       Inventory                                          (2,448)        2,056
       Prepaid expenses                                     --         (11,114)
       Accounts payable                                   70,610           773
       Accrued charges                                     8,000          --
       Liability for unredeemed points                      (213)        2,915
                                                      ----------    ----------

Net Cash Used in Operating Activities                    (30,061)     (223,943)
                                                      ----------    ----------

Cash Flows from Investing Activities
    Purchase of equipment                                   (623)       (4,525)
                                                      ----------    ----------

Net Cash Used in Investing Activities                       (623)       (4,525)
                                                      ----------    ----------

Cash Flows from Financing Activities
       Increase in convertible debentures                   --         158,032
       Due to related party                               22,500        (2,016)
       Issuance of common stock                             --          80,000
       Advances from directors                            (4,467)        1,159
                                                      ----------    ----------

Net Cash Provided by Financing Activities                 18,033       237,175
                                                      ----------    ----------

Net (Decrease) Increase in Cash                          (12,651)        8,707

Foreign Exchange on Translation                           (6,498)       (3,190)

Cash - Beginning of Period                                56,974        42,206
                                                      ----------    ----------

Cash - End of Period                                  $   37,825    $   47,723
                                                      ==========    ==========


                 The accompanying notes are an integral part of
           these interim condensed consolidated financial statements.

                                       9
<PAGE>


1.    Operations and Business

      Logica Holdings Inc (Former: Maximum Awards, Inc "Maximum"), and
      Subsidiaries (the "Company"), initially known as Rising Fortune
      Incorporated, was incorporated in the State of Nevada on March 7, 1995.
      The Company was inactive between the years 1996 and 2003. On November
      19th, 2003, the Company amended its Articles of Incorporation to change
      its name to Maximum Awards, Inc.

      On December 9, 2003, Maximum entered into a definitive Share Exchange
      Agreement (the "Agreement") with Maximum Awards (Pty) Ltd., ("Maximum
      Awards") an Australian corporation operating a consumer rewards program,
      whereby Maximum acquired all of the issued and outstanding shares of
      Maximum Awards in exchange for 22,000,000 common shares and 1,000,000
      preferred shares Series "A" of Maximum in a reverse merger transaction.
      The preferred shares Series "A" are non-participating, but each share is
      entitled to 50 votes in a general meeting. In addition, Maximum issued
      2,200,000 common shares as a finder's fee for assistance in the
      acquisition of Maximum Awards. As a result of the Agreement, the principal
      shareholder of Maximum Awards controls 96% of Maximum. While Maximum is
      the legal parent, as a result of the reverse merger, Maximum Awards became
      the parent company for accounting purposes.

      On June 1, 2004, Maximum Awards acquired 100% of the issued and
      outstanding share capital of both Global Business Group Australia Pty Ltd.
      ("Global Business") and Travel Easy Holidays Pty Ltd. ("Travel Easy") from
      the shareholders of the respective companies for $1.00 each. At the time
      of the transaction Maximum Awards, Global Business, Travel Easy and
      Maximum were companies under common control. As such, this transfer of
      equity interests between common controlled entities is accounted for as a
      recapitalization of Maximum Awards with the net assets of Global Business
      and Travel Easy brought forward at their historical basis.

      Maximum Awards operates a consumer rewards points program known as Maximum
      Awards ("Maximum Awards Program"). Under this program, consumers earn
      points by purchasing products and services from an array of such offered
      by Global Business, Travel Easy, or program partners. Accumulated points
      then can be redeemed to acquire additional desired products or services
      from the same list of such items offered by Global Business or Travel
      Easy.

      Global Business, maintains a catalog of available goods and services which
      a member can purchase, or acquire through the redemption of points. Travel
      Easy is a licensed travel agency which services the public and also allows
      members to purchase travel services or redeem points for airline tickets
      or travel packages.

                                       10
<PAGE>

2.    Going Concern

      The accompanying interim condensed consolidated financial statements have
      been prepared in accordance with accounting principles generally accepted
      in the United States of America, with the assumption that the Company will
      be able to realize its assets and discharge its liabilities in the normal
      course of business.

      The Company has sustained operating losses since inception, has raised
      minimal capital and has no long-term contracts related to its business
      plan. The Company's continuation as a going concern is uncertain and
      dependant on successfully bringing its services to market, achieving
      future profitable operations and obtaining additional sources of financing
      to sustain its operations. In the event the Company cannot obtain the
      necessary funds, it will be necessary to delay, curtail or cancel the
      further development of its products and services. Although the business
      plan indicates profitable operation in the coming year, these profits are
      contingent on completing and fulfillment of contracts with various
      providers of goods and services throughout the world to provide the
      Company with a cash flow to sustain operations.

      The interim condensed consolidated financial statements do not include any
      adjustments to reflect the possible future effects on the recoverability
      and classification of assets or the amounts and classification of
      liabilities that may result from the possible inability of the Company to
      continue as a going concern.

3.    Summary of Significant Accounting Policies

      The accompanying unaudited interim condensed consolidated financial
      statements have been prepared in accordance with accounting principles
      generally accepted in the United States of America for interim financial
      information and with the instructions to Form 10-QSB. Accordingly, they do
      not include all of the information and footnotes required by accounting
      principles generally accepted in the United States of America for complete
      financial statements. In the opinion of management, all adjustments
      (consisting of normal recurring accruals) considered necessary for a fair
      presentation have been included. Interim results are not necessarily
      indicative of the results that may be expected for a full year. There have
      been no significant changes of accounting policies since December 31,
      2006. These interim condensed consolidated financial statements should be
      read in conjunction with the audited consolidated financial statements and
      notes thereto included in the Company's Annual Report to Stockholders on
      Form 10-KSB for the fiscal year ended December 31, 2006, as filed with the
      Securities and Exchange Commission.



                                       11
<PAGE>
<TABLE>
<CAPTION>

3.    Summary of Significant Accounting Policies (cont'd)

      Recent Accounting Pronouncement

      In February 2007, the Financial Accounting Standards Board ("FASB") issued
      SFAS No. 159, "The Fair Value Option for Financial Assets and Financial
      Liabilities Including an Amendment of FASB Statement No. 115". 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 also
      establishes presentation and disclosure requirements designed to
      facilitate comparisons between entities that choose different measurement
      attributes for similar types of assets and liabilities. This statement
      does not affect any existing accounting literature that requires certain
      assets and liabilities to be carried at fair value. This statement does
      not establish requirements for recognizing and measuring dividend income,
      interest income, or interest expense. This statement does not eliminate
      disclosure requirements included in other accounting standards, including
      requirements for disclosures about fair value measurements included in
      FASB Statements No. 157, "Fair Value Measurements", and No. 107,
      "Disclosures about Fair Value of Financial Instruments." This statement is
      effective as of the beginning of the entity's first fiscal year that
      begins after November 15, 2007. The Company is currently reviewing the
      effect, if any; the proposed guidance will have on its financial
      statements.
4.       Equipment, net
                                               March 31,                 December 31,
                                                    2007                         2006
                                             (Unaudited)                    (Audited)
                                             Accumulated                  Accumulated
                                     Cost   Depreciation          Cost   Depreciation
                                ---------   ------------   -----------   ------------
<S>                             <C>         <C>            <C>           <C>

      Furniture and equipment   $  31,205   $     13,599   $    30,358   $     12,332
      Computer software             5,715          1,501         5,560          1,274
                                ---------   ------------   -----------   ------------
                                $  36,920   $     15,100   $    35,918   $     13,606
                                ---------   ------------   -----------   ------------

      Net carrying amount                   $     21,820                 $     22,312
                                            ------------                 ------------

</TABLE>

                                       12
<PAGE>

5.    Consumer Reward Points Program

      The Company operates a consumer reward program, as described in Note 1,
      whereby consumers earn points by purchasing goods and services with
      various vendors, whom are registered with the program. When a consumer
      purchases a good or service, the vendor remits a cash amount for the
      amount of points earned by the consumer to the Company. The Company does
      not maintain a separate escrow account for unredeemed points. The
      liability for unredeemed points is determined based on management's
      knowledge of the industry, historical trends and competitor's valuations
      in similar industries.

6.    Due to Related Party

      The amount due to related party is owed to a shareholder of the Company
      for consulting services provided. The amount is non-interest bearing,
      unsecured and due on demand.

7.    Convertible Debenture

      During 2006, the Company sold convertible debentures to The Winterman
      Group totaling $388,705. These debentures were secured by the assets of
      the Company as per a general security agreement, bore interest at 10% per
      annum and were payable on demand after January 31st, 2007. The debenture
      and the accompanying accrued interest were converted into common stock at
      $0.10 per share on March 21, 2007 through the issuance of 4,101,500 common
      shares.

8.    Advances from Directors

                               March 31,      December 31,
                                    2007              2006
                             (Unaudited)         (Audited)


          Maxwell Thomas     $    63,417    $       89,184
          Michael Sullivan       171,997           150,697
                             -----------    --------------

                             $   235,414    $      239,881
                             ===========    ==============

      The advances are non-interest bearing, unsecured and are due on demand.


                                       13
<PAGE>


9.    Capital Stock

      The following transactions occurred during 2006 and 2007:

      a) On January 19, 2006 the Company issued 300,000 common shares for a cash
      consideration of $30,000

      b) On February 16, 2006 the Company  issued  100,000  common  shares for a
      cash consideration of $50,000

      c) On December 15, 2006 the Company  issued  225,000  common  shares for a
      legal services valued at $22,500

      d) On March  21,  2007,  a  director  of the  Company  returned  1,000,000
      preferred  shares,  Series  "A"  for  no  consideration  and  the  Company
      cancelled the shares.

      e) On March 21, 2007 the Company  issued  4,101,500  common shares for the
      conversion of a note held in the Company.  The shares were issued at $0.10
      per share (see note 8).

      f) On March 28, 2007 the Company  issued 60,000 common shares (pre reverse
      split) to satisfy amounts payable of $11,400.


10.   Related Party Transaction

      During the period  ended March 31, 2007,  the Company  paid  salaries to a
      director in the amount of $nil (2006 - $50,000).

      During the period ended March 31, 2007, the Company also paid consulting
      fees to a director in the amount of $22,500 (2006 - $19,983) and
      consulting fees to a shareholder in the amount of $15,000 (2006 -
      $39,000), both of which have been included in general and administrative
      expenses.

      Included  in  accounts  receivable  is $5,567  (2006 - $5,567)  due from a
      company controlled by a director.

      Included  in  accounts  payable  is $5,901  (2006 - $nil) due to a company
      controlled by a director.

      These transactions were in the normal course of business and recorded at
      an exchange value established and agreed upon by the related parties.


                                       14
<PAGE>
<TABLE>
<CAPTION>

11.   Segmented Information

                                                                  Three Months   Three Months
                                                                         Ended          Ended
                                                                      March 31       March 31
                                                                          2007           2006
                                                                   (Unaudited)    (Unaudited)
<S>                                                               <C>            <C>
      Revenues by Segment:
         Maximum Awards - consumer rewards points program         $          -   $      3,595
         Travel Easy - travel agency                                    31,924         51,543
         Global Business - online shopping                              45,680         50,079
                                                                  ------------   ------------

      Interim Consolidated Revenues                               $     77,604   $    105,217
                                                                  ============   ============

      Operating (Loss) Income by Segment:
         Maximum Awards - consumer rewards points program         $    (78,576)  $   (169,882)
         Travel Easy - travel agency                                   (60,896)       (48,359)
         Global Business - online shopping                               3,297            989
                                                                  ------------   ------------

      Interim Consolidated Loss from Operations                   $   (136,175)  $   (217,252)
                                                                  ============   ============

                                                                     March 31,   December 31,
                                                                          2007           2006
                                                                   (Unaudited)      (Audited)

      Assets by Segment:
         Maximum Awards - consumer rewards points program         $     17,419   $     18,725
         Travel Easy - travel agency                                    82,250        107,202
         Global Business - online shopping                              30,753         33,997
                                                                  ------------   ------------

      Consolidated Total Assets                                   $    130,422   $    159,924
                                                                  ============   ============

      Liabilities by Segment:
         Maximum Awards - consumer rewards points program         $    484,595   $    836,350
         Travel Easy - travel agency                                   344,680        284,495
         Global Business - online shopping                              26,123         26,828
                                                                  ------------   ------------

      Consolidated Total Liabilities                              $    855,398   $  1,147,673
                                                                  ============   ============
</TABLE>

      Geographical  information  is not presented as the Company's  consolidated
      operations are conducted in Australia.

      The Company does not earn any significant revenues from a single customer.


                                       15
<PAGE>
<TABLE>
<CAPTION>

12.   Income Taxes

      The Company accounts for income taxes pursuant to SFAS No. 109,
      "Accounting for Income Taxes" ("SFAS No. 109"). This standard prescribes
      the use of the liability method whereby deferred tax asset and liability
      account balances are determined based on differences between financial
      reporting and tax bases of assets and liabilities and are measured using
      the enacted tax rates.

      Under SFAS No. 109  income  taxes are  recognized  for the  following:  a)
      amount  of  tax  payable  for  the  current  year,  and  b)  deferred  tax
      liabilities  and assets for future tax  consequences  of events  that have
      been  recognized  differently  in the  financial  statements  than for tax
      purposes.

      The Company's current income taxes are as follows:
                                                                   Three Months   Three Months
                                                                          Ended          Ended
                                                                      March 31,      March 31,
                                                                           2007           2006
<S>                                                                <C>            <C>
      Expected income tax recovery at statutory tax rate of 34%    $   (51,775)   $    (73,368)
      Valuation allowance                                               51,775          73,368
                                                                   -----------    ------------

      Current income taxes                                         $         -    $          -
                                                                   ===========    ============

      The Company has deferred income tax assets as follows:
                                                                      March 31,   December 31,
                                                                          2007            2006

      Deferred income tax assets                                   $   782,775    $    731,000
      Valuation allowance                                             (782,775)       (731,000)
                                                                   -----------    ------------

                                                                   $         -    $         -
                                                                   ===========    ============


      As of March 31, 2007, the Company had net operating loss carry forwards
      for income tax reporting purposes of approximately $2,334,000 (2006 -
      $2,182,000) that may be offset against future taxable income indefinitely.
      Current tax laws limit the amount of loss available to be offset against
      future taxable income when a substantial change in ownership occurs or a
      change in the nature of the business, therefore, the amount available to
      offset future taxable income may be limited. Management determined that
      the deferred tax assets do not satisfy the recognition criteria of SFAS
      No. 109 and, it is more likely than not that the losses will not be
      utilized, accordingly, a full valuation allowance has been recorded for
      this amount.



                                       16
<PAGE>

13.   Supplemental Disclosure of Cash Flow Information:

                                                                   Three Months   Three Months
                                                                          Ended          Ended
                                                                      March 31,      March 31,
                                                                           2007           2006
                                                                    (Unaudited)     (Unaudited)
      Cash paid during the period for:

      Interest                                                     $     2,429    $          -
                                                                   -----------    ------------
      Income taxes                                                 $         -    $          -
                                                                   -----------    ------------
</TABLE>

14.   Subsequent Events

      On April 23, 2007, the Company agreed to undertake the reverse split of
      its authorized common stock at a ratio of fifteen to one. The issued and
      outstanding common stock was reduced from 36,838,400 to 2,455,893, with an
      amended par value of $0.015 per common stock.

      On May 14, 2007, the Company finalized an irrevocable heads of agreement
      with Plays On The Net Plc ("POTN") for the purchase of 100% of the common
      stock of POTN and its subsidiary through the issuance of 12,000,000 common
      shares (post reverse split). The acquisition is subject to regulatory
      approval.





                                       17
<PAGE>


ITEM 2.  MANAGAMENT DISCUSSION AND ANALYSIS


The company, Logica Holdings Inc (Former: Maximum Awards Inc), was incorporated
on March 7, 1995 under the name Rising Fortune Incorporated.

On December 9, 2003, the company acquired 100% of the outstanding shares of
Maximum Awards Pty Ltd., an Australian company engaged in the business of
operating a consumer rewards program known as Maximum Awards. Under the Maximum
Awards program, consumers earn points by purchasing products and services
offered by the company and its program partners. Accumulated points then can be
redeemed in order to acquire additional desired products or services from the
same list of such items offered by the company. The company operates its program
in Australia and has done so since October 2002. In anticipation of this
transaction the company's articles of incorporation were amended on November 19,
2003 to change the name of the company to Maximum Awards, Inc.

         The acquisition of Maximum Awards Pty Ltd resulted in a change of
control of the company and was accounted for as a recapitalization of Maximum
Awards Pty Limited. The business of Maximum Awards Pty Ltd is now the business
of the company.

On June 1st, 2004, the company acquired 100% of the issued and outstanding
shares of Travel Easy Holidays Pty Ltd ("Travel Easy") and Global Business Group
Pty Ltd ("Global Business"). These corporations are involved in the travel
industry and mail order industries and were acquired to add to the company's
rewards program operations by providing an in-house travel agency and a consumer
products retailer.

Travel Easy is an Australian proprietary limited corporation. Travel Easy was
organized under the law of the Province of Queensland, Australia on July 19,
2002. Travel Easy is engaged in the business of providing travel agent services
and its operations are located in the company's offices in Brisbane, Queensland,
Australia. Prior June 1, 2004, Travel Easy was owned by Maxwell Thomas, the
company's chief executive officer, and Michael Sullivan, a director of the
company. Mr. Thomas owned 60% of Travel Easy and Mr. Sullivan owned 40%.

Under terms of the acquisition agreement between the company and Mr. Thomas, the
company acquired Travel Easy for $1.00 Australian. Travel Easy now is a
wholly-owned subsidiary of the company.

Global Business also is an Australian proprietary limited corporation. Global
business was organized under the law of the Province of Queensland, Australia in
June 2003. Global Business does business under the name Easy Shopper Direct and
is engaged in the business of selling consumer goods on-line and through
published catalogs and its operations are located in the company's offices in
Brisbane, Queensland, Australia. Prior to June 1, 2004, Global Business was
owned by Maxwell Thomas, the company's chief executive officer, and Michael
Sullivan, a director of the company. Mr. Thomas owned 60% of Global Business and
Mr. Sullivan owned 40%. Under terms of the acquisition agreement between the
company and Mr. Thomas, the company acquired Global Business for $1.00
Australian. Global Business now is a wholly-owned subsidiary of the company.

                                       18
<PAGE>

Because both Travel Easy and Global Business were acquisitions under common
control, the financial statements have been prepared by including the accounts
of both Travel Easy and Global Business and have been accounted as a business
combination with the net assets of Maximum Awards (Pty) Ltd. and the Company
brought forward at their historical basis. . The financial statements, including
the comparatives, reflect the accounts of Maximum Awards, Travel Easy and Global
Business.

Results for the three months ended March 31, 2006.

Revenues for the three months ended March 31, 2007 decreased by $27,613 from
$105,217 for the three months ended March 31, 2006 to $77,604 for the three
months ended March 31, 2007. The decrease in revenues was due a decrease in
travel income of $19,619, a decrease in online shopping of $4,399 and a decrease
in reward program income of $3,595. The decrease in sales across all segments
was a result of a move in premises, a reduction in advertising and promotion
expenditure due to financial constraints. The awards program did not achieve any
sales in the quarter.

Cost of sales which comprises the cost of goods sold in the online shopper
segment, decreased from 93.5% of sales for the three months ended March 31st,
2006 to 84.3% of sales for the three months ended March 31st, 2007. Gross profit
decreased by $15,308 from $54,422 for the three months ended March 31st, 2006 to
$39,114 for the three months ended March 31, 2007. Gross profit by segment was
$33,111 for the travel segment and $6003 for the online shopper segment. There
was no gross profit for the rewards program.. The reduction in gross profit was
primarily due to reduced sales and is attributed to a move in premises as well
as reduced marketing and advertising expenditure due to cash constraints.

Overhead costs for the quarter increased by $81,886 from $271,674 for the
quarter March 31st, 2006 to $175,289 for the quarter ended March 31st, 2007.
General and administration costs decreased by $3,876, advertising and promotion
costs reduced by $1,298, salaries reduced by $71,496, premises costs reduced by
$5,871, travel expense reduced by $32,156 and amortization decreased by $172,
while legal and professional fees increased by $18,000. The interest expense has
increased by $14,984. The reduction in costs is attributed to the company moving
premises and lower sales which required fewer employees. The increase in
professional fees was due to higher audit fees and costs associated with the
Company's securities filings and the increase in interest expense was interest
paid on the Winterman note which has now been converted.

We incurred a net loss of $152,279 or $(0.06) per share based on 2,424,583
weighted average shares outstanding for the quarter ended March 31 2007 compared
to a loss of $218,372 or $(0.10) per share based on 2,155,000 weighted average
shares outstanding for the quarter ended March 31,2006.

Through the three months ended March 31,2007 we have relied on advances of
approximately $22,500 from our principal note holders, and proceeds of $11,400
from the sale of common stock to support our operations. As of March 31st, 2007,
the Company had approximately $37,825 of its own cash and cash equivalents. We
plan to seek additional equity or debt which we plan to use to use for working
capital and to implement a marketing program to increase awareness of our
business and to expand our operations.


                                       19
<PAGE>


SEGMENT DISCUSSION

While the Company derives most of its sales income from its travel and on-line
shopping operations, it believes that its long term growth lies in developing
its loyalty and rewards programs. The company believes that the loyalty programs
will provide long term growth in both the travel and online shopping segments,
while also generating revenues through the rewards program.

Rewards and Loyalty Program:

The Company did not generate any revenue in the rewards program during the
quarter (2006 - $3,595). The lack of revenue was due to financial constraints
which limited marketing expenditure and the effort involved in moving offices.
Although the rewards program did not record any revenue during the quarter, the
rewards and loyalty segment remains the central focus of the company as the
travel and online shopping segments are largely dependent on the rewards
programs for segment revenue.

Management plans to expand the rewards programs during the remainder of the
year. This expansion is expected to be achieved through increased marketing, and
also through new arrangements with exiting bank clients. Management is also
planning to offer consulting services to existing established rewards programs
where the company offers tailored reward offers to loyalty reward members. The
company plans to generate revenue through consulting fees, while also improving
sales in the travel and online shopping segments as a result of the rewards
programs. The loss for the segment reduced by $91,306 from $169,882 for the
quarter ended March 2006 to $78,576 for the quarter ended March 2007. The
reduction in costs was the result of reduced legal and accounting costs as well
as reduced travel costs.

Travel:

The Company offers normal travel agency services to both personal and corporate
customers. Travel sales are primarily derived through customers that are either
members of the company's reward program, or are customers who are enrolled in a
reward program that has supply agreements with the company. These agreements are
either with the HSBC Bank or The Commonwealth Bank of Australia. The company has
not relied on walk in traffic but has relied on bank flyers and mail-out
specials to generate revenue.

Commission sales for the quarter have been reduced due to limited advertising
available to the company because of cash constraints, and the moving of premises
which disrupted sales towards the end of the quarter. The move to new store
front premises is expected, in time, to generate additional sales through
walk-in traffic.

Commission sales for the quarter reduced by $ $19,619 from $51,543 for the
quarter ended March 2006 to $31,924 for the quarter ended March 2007. The
reduction in sales was due to reduced advertising due to limited cash resources
and a premises move towards the end of the quarter which disrupted sales.

                                       20
<PAGE>

The loss for the segment increased by $12,537 from $48,359 for the quarter ended
March 2006 to $60,896 for the quarter ended March 2007. The increase in loss was
mainly due to a reduction in commission sales revenue.

The Company hopes to reduce the segment loss in the future by increasing sales
through new walk-in traffic in new premises, and by expanding its operations
with its bank reward partners.


On-Line shopping:

The on-line shopping segment of the company targets members of the Company's
rewards program members, and also supplies product to other rewards programs.
These programs include programs run by HSBC bank and The Commonwealth Bank of
Australia. Product is purchased through wholesale suppliers and buying clubs.
Sales are also derived through point redemption by members of rewards programs.

Revenues for the quarter reduced by $4,399 from $50,079 for the quarter ended
March 2006 to $45,680 for the quarter ended March 2007. The reduction in sales
was due to reduced advertising and to a premises move that disrupted operations
towards the end of the quarter. Earnings for the quarter increased by $2,308
from a profit of $989 for the quarter ended March 2006 to $3,297 for the quarter
ended March 2007. The improvement in earnings is due to a reduction in overhead
costs.

The company expects sales and earnings in the segment to improve once the
rewards program expands.


LIQUIDITY AND CAPITAL RESERVES

While the Company derives most of its sales income from its travel and on-line
shopping operations, it believes that its long term growth lies in developing
its loyalty and rewards programs as the company believes that the loyalty
programs will provide long term growth in both the travel and online shopping
segments, while also generating revenues through the rewards program. The
Company has operated its loyalty and rewards program in Australia since October
2002 and intends to expand its business into North America during 2007. The
company anticipates that the expansion of the loyalty and rewards programs will
be funded principally through the issuance of equity or debt securities or by
entering into other financial arrangements, including relationships with
corporate and other partners, in order to raise additional capital. Depending
upon market conditions, the company may not be successful in raising sufficient
additional capital for it to achieve its business objectives. In such event, the
business, prospects, financial condition, and results of operations could be
materially adversely affected.

The Company has entered into an agreement to acquire Plays on The Net Plc, a
United Kingdom corporation which is involved in online sales of audible books
and other book tiles. The acquisition will be finalized through the issue of the
Company's common stock. The acquisition will allow the Companies to expand its
online sales into the global market. Currently, Plays on the Net Plc has a staff
of ten, and operates out of premises located in Toronto.

                                       21
<PAGE>

The company's operation in Brisbane, Queensland, Australia currently employs
approximately 6 people. The number of employees in Australia is not expected to
increase through the remainder of 2007.

During the next 12 months the Company expects to further expand its customer
base, establishing new merchants and expanding its product base. Specifically,
such spending will be concentrated on enhancing internet exposure and attracting
new product.

In order to meet its cash requirements for the next twelve months, the Company
plans to raise capital through private placements and through working capital
generated from operations.

There is no guarantee that the Company will be successful in its attempt to
raise capital sufficient to meet its cash requirements for the next twelve
months. If the company is not successful in its effort to raise sufficient
capital to meet its cash requirements, the business will fail and the company
will cease to do business.



Item 3. Controls and Procedures.

(a) Disclosure controls and procedures. Within 90 days before filing this
report, the Company evaluated the effectiveness of the design and operation of
its disclosure controls and procedures. The Company's disclosure controls and
procedures are the controls and other procedures that it designed to ensure that
it records, processes, summarizes and reports in a timely manner the information
it must disclose in reports that it files with or submits to the Securities and
Exchange Commission. Maxwell Thomas, the Company's Chief Executive Officer and
Chief Financial Officer, supervised and participated in this evaluation. Based
on this evaluation, Mr. Thomas concluded that, as of the date of their
evaluation, the Company's disclosure controls and procedures were effective. (b)
Internal controls. Since the date of the evaluation described above, there have
not been any significant changes in the Company's internal accounting controls
or in other factors that could significantly affect those controls.





                                       22
<PAGE>


PART II - OTHER INFORMATION

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

None



ITEM 6.  EXHIBITS


(a) Exhibits required by Item 601 of Regulation S-B

     31.1     Form 302:  Certification of Chief Executive Officer
     31.2     Form 302:  Certification of Principal Financial Officer
     32.1     Form 906:  Certification of Chief Executive Officer and
                         Principal Financial Officer

(b) Reports on Form 8-K:
During the quarter, the Company filed a Form 8K to disclose the conversion of
the Winterman loan into common shares and the election of Mr Enzo Taddei as a
director.


                                   SIGNATURES

       In accordance with the requirements of the Exchange Act, the registrant
caused this amendment to the report to be signed on its behalf by the
undersigned, thereunto duly authorized, this day 15th day of October, 2007.


                                              Logica Holdings Inc




                                              /s/ Giuseppe Pino Baldassarre
                                              -------------------------------
                                              Name: Giuseppe Pino Baldassarre
                                              Chief Executive Officer






                                       23