================================================================================

                                  UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                  FORM 10-QSB

[X]   Quarterly Report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934

      For the quarterly period ended   January 31, 2006
                                      ------------------

[ ]   Transition Report pursuant to 13 or 15(d) of the Securities Exchange
      Act of 1934

      For the transition period                  to
                               ------------------   --------------------

      Commission File Number    333-114564
                            -----------------

                             ACHIEVERS MAGAZINE INC.
    -----------------------------------------------------------------------
       (Exact name of small Business Issuer as specified in its charter)

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

220 Cambie Street, Suite 400
Vancouver, British Columbia                               V6B 2M9
----------------------------------------      -----------------------------
(Address of principal executive offices)                 (Zip Code)


Issuer's telephone number, including area code:        (604) 689-3983
                                                ---------------------------

                                      N/A
    -----------------------------------------------------------------------
     (Former name, former address and former fiscal year, if changed since
                                 last report)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such  shorter  period  that the issuer 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    [ x ] No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest  practicable date:  5,108,900 shares of $0.001 par value
common stock outstanding as of March 14, 2006.

<page>






                            ACHIEVERS MAGAZINE, INC.

                    INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                                January 31, 2006

                                   (Unaudited)

                             (Stated in US Dollars)


<page>


                            ACHIEVERS MAGAZINE, INC.
                       INTERIM CONSOLIDATED BALANCE SHEETS
                       January 31, 2006 and July 31, 2005
                                   (Unaudited)
                             (Stated in US Dollars)
<table>
<caption>
                                                                                        January 31,         July 31,
                                                        ASSETS                              2006              2005
                                                        ------                              ----              ----

                                                                                   <c>                <c>
Current
    Accounts receivable, net of allowance for doubtful accounts of $9,311
     (July 31, 2005: $8,688)                                                          $         7,951   $         9,344
    Prepaid expenses                                                                            3,161             3,074
                                                                                      ---------------   ---------------

                                                                                               11,112            12,418
Long-term receivable - Note C                                                                       -             3,491
                                                                                      ---------------   ---------------

                                                                                      $        11,112   $        15,909
                                                                                      ===============   ===============

                                                       LIABILITIES

Current
    Bank indebtedness - Note D                                                        $        23,725   $        14,868
    Accounts payable and accrued liabilities - Note F                                          36,007            52,444
    Due to related parties - Notes F and G                                                    215,241           144,429
                                                                                      ---------------   ---------------

                                                                                              274,973           211,741
                                                                                      ---------------   ---------------

                                                 STOCKHOLDERS' DEFICIENCY

Common stock - $0.0001 par value - Note E
        75,000,000  shares authorized
         5,108,900  shares issued and outstanding (July 31, 2005: 5,108,900)                      511               511
Additional paid-in capital                                                                     10,789            10,789
Deficit                                                                                      (275,911)         (210,594)
Accumulated foreign currency translation adjustments                                              750             3,462
                                                                                      ---------------   ---------------

                                                                                             (263,861)         (195,832)
                                                                                      ---------------   ---------------

                                                                                      $        11,112   $        15,909
                                                                                      ===============   ===============
</table>


                             SEE ACCOMPANYING NOTES


<page>

                            ACHIEVERS MAGAZINE, INC.
                  INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS
          for the three and six months ended January 31, 2006 and 2005
                                   (Unaudited)
                             (Stated in US Dollars)
<table>
<caption>
                                                          Three months ended                           Six months ended
                                                              January 31,                                 January 31,
                                                      2006                  2005                  2006                  2005
                                                      ----                  ----                  ----                  ----

                                           <c>                   <c>                   <c>                   <c>
Revenue
    Advertising                               $                 -   $                 -   $                 -   $        14,819
    Editorial                                                   -                     -                     -            38,118
                                              -------------------   -------------------   -------------------   ---------------

                                                                -                     -                     -            52,937
                                              -------------------   -------------------   -------------------   ---------------

Cost of production
    Printing                                                    -                     -                     -            22,555
    Other direct production costs                               -                     -                     -            11,181
                                              -------------------   -------------------   -------------------   ---------------

                                                                -                     -                     -            33,736
                                              -------------------   -------------------   -------------------   ---------------

Gross profit                                                    -                     -                     -            19,201
                                              -------------------   -------------------   -------------------   ---------------

Operating expenses
    Accounting and audit fees                               3,734                 5,884                12,849            12,880
    Bad debt expense                                            -                     -                     -             1,304
    Bank charges and interest                                 432                   352                   917               836
    Executive compensation - Note F                        19,291                18,544                38,258            36,100
    Filing fees                                             1,339                     -                 1,849               689
    Foreign exchange                                            -                     -                   481                 -
    Legal fees (recovery)                                     500                  (500)                1,000                 -
    Office and administration                                  66                   332                    89             3,452
    Rent  - Note F                                          3,859                 3,709                 7,652             7,220
    Telephone                                                 273                   528                 1,324             1,492
    Travel and promotion                                      365                   466                   898             1,037
                                              -------------------   -------------------   -------------------   ---------------

                                                           29,859                29,315                65,317            65,010
                                              -------------------   -------------------   -------------------   ---------------

Net loss for the period                                   (29,859)              (29,315)              (65,317)          (45,809)

Other comprehensive loss
    Foreign currency translation
     adjustment                                            (1,528)                 (520)               (2,712)           (2,211)
                                              -------------------   -------------------   -------------------   ---------------

Comprehensive loss for the period             $           (31,387)  $           (29,835)  $           (68,029)  $       (48,020)
                                              ===================   ===================   ===================   ===============

Basic and diluted loss per share              $             (0.01)  $             (0.01)  $             (0.01)  $         (0.01)
                                              ===================   ===================   ===================   ===============

Weighted average number of shares outstanding           5,108,900             5,108,900             5,108,900         5,108,900
                                              ===================   ===================   ===================   ===============
</table>

                             SEE ACCOMPANYING NOTES

<page>

                            ACHIEVERS MAGAZINE, INC.
                  INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
               for the six months ended January 31, 2006 and 2005
                                   (Unaudited)
                             (Stated in US Dollars)
<table>
<caption>
                                                                                        2006                 2005
                                                                                        ----                 ----

                                                                             <c>                   <c>
Operating Activities
    Net loss for the period                                                     $          (65,317)  $          (45,809)
    Add items not involving cash:
      Bad debt expense                                                                           -                1,304
      Foreign exchange                                                                         481                    -
    Changes in non-cash working capital balances related
     to operations
      Accounts receivable                                                                    5,597               34,706
      Prepaid expenses                                                                         129                    -
      Accounts payable and accrued liabilities                                             (17,893)               5,641
      Deferred revenues                                                                          -              (30,517)
                                                                                ------------------   ------------------

Cash used in operating activities                                                          (77,003)             (34,675)
                                                                                ------------------   ------------------

Financing Activities
    Increase in bank indebtedness                                                            8,857                2,191
    Advances from related parties                                                           69,953               33,083
                                                                                ------------------   ------------------

Cash from financing activities                                                              78,810               35,274
                                                                                ------------------   ------------------

Effect of foreign currency translation on cash                                              (1,807)                (599)
                                                                                ------------------   ------------------

Change in cash during the period                                                                 -                    -

Cash, beginning of the period                                                                    -                    -
                                                                                ------------------   ------------------

Cash, end of the period                                                         $                -   $                -
                                                                                ==================   ==================

Supplemental disclosure of cash flow information Cash paid during the year for:
      Interest                                                                  $                -   $                -
                                                                                ==================   ==================

      Income taxes                                                              $                -   $                -
                                                                                ==================   ==================
</table>


                             SEE ACCOMPANYING NOTES

<page>

                            ACHIEVERS MAGAZINE, INC.
                        INTERIM CONSOLIDATED STATEMENT OF
                STOCKHOLDERS' DEFICIENCY for the period February
                13, 2003 (Date of Inception) to January 31, 2006
                                   (Unaudited)
                             (Stated in US Dollars)
<table>
<caption>
                                                                                     Accumulated
                                                                                       Foreign
                                                                Additional             Currency        Stock
                                            Common Stock          Paid-in             Translation   Subscription
                                      ------------------------
                                       Number      Par Value      Capital    Deficit  Adjustments    Receivable      Total
                                       ------      ---------      -------    -------  -----------    ----------      -----

                                    <c>         <c>          <c>        <c>          <c>         <c>           <c>
Common stock issued at initial
capitalization            - at $0.0001  2,500,000  $     250   $        -  $        -  $        -   $         -   $       250
Common stock issued pursuant
to private placements     - at $0.001   1,575,000        158        1,417           -           -             -         1,575
                          - at $0.25       33,900          3        8,472           -           -          (100)        8,375
Common stock issued pursuant
to acquisition of Achievers
Publishing Inc.                         1,000,000        100          900           -           -             -         1,000
Net loss for the period                         -          -            -     (27,859)          -             -       (27,859)
Foreign currency translation
adjustment                                      -          -            -           -      (1,319)            -        (1,319)
                                   --------------  ---------   ----------  ----------  ----------   -----------   -----------

Balance, July 31, 2003                  5,108,900        511       10,789     (27,859)     (1,319)         (100)      (17,978)

Net loss for the year                           -          -            -     (81,882)          -             -       (81,882)
Common stock subscription paid                  -          -            -           -           -           100           100
Foreign currency translation
adjustment                                      -          -            -           -       1,696             -         1,696
                                   --------------  ---------   ----------  ----------  ----------   -----------   -----------

Balance, July 31, 2004                  5,108,900        511       10,789    (109,741)        377             -       (98,064)
Net loss for the year                           -          -            -    (100,853)          -             -      (100,853)
Foreign currency translation
adjustment                                      -          -            -           -       3,085             -         3,085
                                   --------------  ---------   ----------  ----------  ----------   -----------   -----------

Balance, July 31, 2005                  5,108,900        511       10,789    (210,594)      3,462             -      (195,832)

                                                                                                                       cont'd
</table>

                             SEE ACCOMPANYING NOTES

<page>

                                                                      Continued
                            ACHIEVERS MAGAZINE, INC.
                        INTERIM CONSOLIDATED STATEMENT OF
                STOCKHOLDERS' DEFICIENCY for the period February
                13, 2003 (Date of Inception) to January 31, 2006
                                   (Unaudited)
                             (Stated in US Dollars)
<table>
<caption>
                                                                                       Accumulated
                                                                                         Foreign
                                                                Additional               Currency       Stock
                                            Common Stock         Paid-in                Translation  Subscription
                                          Number   Par Value     Capital      Deficit   Adjustments    Receivable      Total
                                          ------   ---------     -------      -------   -----------    ----------      -----

                                 <c>            <c>           <c>         <c>        <c>          <c>           <c>
Balance, July 31, 2005                  5,108,900        511       10,789    (210,594)      3,462             -      (195,832)

Net loss for the six-month period               -          -            -     (65,317)          -             -       (65,317)
Foreign currency translation
adjustment                                      -          -            -           -      (2,712)            -        (2,712)
                                   --------------  ----------   ----------  ----------  ----------   -----------   -----------

Balance, January 31, 2006               5,108,900  $     511   $   10,789  $ (275,911) $      750   $         -   $  (263,861)
                                   ==============  ==========   ==========  ==========  ==========   ===========   ===========
</table>


                             SEE ACCOMPANYING NOTES

<page>

                            ACHIEVERS MAGAZINE, INC.
             NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
                                January 31, 2006
                                   (Unaudited)
                             (Stated in US Dollars)


NOTE A - Interim Reporting

While  the  information  presented  in  the  accompanying  interim  consolidated
financial statements is unaudited, it includes all adjustments which are, in the
opinion of  management,  necessary  to present  fairly the  financial  position,
results of  operations  and cash flows for the  interim  period  presented.  All
adjustments are of a normal recurring nature. It is suggested that these interim
consolidated financial statements be read in conjunction with the Company's July
31, 2005 annual consolidated financial statements.

NOTE B - Nature and Continuance of Operations

Achievers  Magazine,  Inc.  (the   Company  or   Achievers  Magazine  (US))  was
incorporated on February 13, 2003 under the laws of the State of Nevada.

The  Company  owns a 100%  interest  in  Achievers  Publishing  Inc.  (Achievers
Publishing (CN)), a British  Columbia,  Canada  corporation  formed on March 11,
2003, that publishes a magazine titled "Achievers  Magazine" containing articles
focusing on individuals, institutions,  organizations and corporations that have
achieved  success or are working  towards it.  While  Achievers  Magazine  sells
conventional advertising, it also generates additional editorial revenue through
the inclusion in the magazine of individuals and companies in need of publicity.

The controlling shareholder of Achievers Magazine, Inc. was also the controlling
shareholder  and  officer  of  Achievers  Publishing,  Inc.  at  the date of the
business combination transaction between the two companies.

The initial issue of Achievers  Magazine was printed in May 2003 and distributed
to the public in June 2003.

At January 31, 2006,  substantially  all of the Company's  assets and operations
are located and conducted in Canada.

These  financial  statements  have been  prepared in accordance  with  generally
accepted accounting principles applicable to a going concern, which assumes that
the Company will be able to meet its obligations and continue its operations for
its next twelve months.  Realization values may be substantially  different from
carrying  values as shown and these  financial  statements do not give effect to
adjustments that would be necessary to the carrying values and classification of
assets and  liabilities  should the  Company  be unable to  continue  as a going
concern.  At January  31,  2006,  the Company  had not yet  achieved  profitable
operations,  has  accumulated  losses of  $275,911  since its  inception,  has a
working  capital  deficiency of $263,861 and expects to incur further  losses in
the development of its business,  all of which casts substantial doubt about the
Company's  ability to  continue as a going  concern.  The  Company's  ability to
continue as a going  concern is  dependent  upon its ability to generate  future
profitable  operations  and/or to obtain  the  necessary  financing  to meet its
obligations  and repay its liabilities  arising from normal business  operations
when they come due.  Management  has no  formal  plan in place to  address  this
concern but considers that the Company will be able to obtain  additional  funds
by equity financing and/or related party advances, however there is no assurance
of additional funding being available.

<page>

Achievers Magazine, Inc.
Notes to the Interim Consolidated Financial Statements
January 31, 2006
(Unaudited)
(Stated in US Dollars) - Page 2
 --------------------

NOTE B - Nature and Continuance of Operations - (cont'd)

The Company filed a prospectus  with the Securities  and Exchange  Commission on
form SB-2 for the  registration  of up to 1,768,900  common  shares at $0.25 per
share,  subject to  regulatory  approval.  These shares will be sold by existing
shareholders  and the  Company  will not receive  any  proceeds  from this sale.
Subsequent to January 31, 2006, the Company obtained the required  approval from
the Securities and Exchange Commission. The Company intends to seek a listing on
the United States Over-the-Counter Bulletin Board ("OTC-BB").

NOTE C - Long-term Receivable

During the year ended July 31, 2004, the Company recorded advertising revenue of
$3,491 charged to a company controlled by John Plascinski,  a shareholder of the
Company (5% ownership interest). On July 31, 2005, the Company reclassified this
amount from accounts receivable to long-term receivable as the Company agreed to
allow payment to be deferred until such time as the Company obtains a listing on
the OTC-BB.  This amount is unsecured and bears interest at 2% per month,  as is
consistent with other accounts  receivable.  Subsequent to January 31, 2006, the
amount was collected. As at January 31, 2006, the amount was included in current
receivables.

NOTE D - Bank Indebtedness

The bank  indebtedness  bears  interest at the bank's prime lending rate plus 2%
per annum,  has a credit limit of CDN$30,000  (US$26,226)  and is secured by all
assets of the  Company and a personal  guarantee  by Mr.  Arto  Tavukciyan,  the
Company's president.

NOTE E - Common Stock

In October  2005,  the Company filed an amendment to change the par value of the
common  stock  from  $0.001 per share to  $0.0001  per share.  The par value and
additional  paid-in capital have been adjusted  retroactively in conformity with
the number of shares then issued.

NOTE F - Related Party Transactions - Note G

The Company was charged the following expenses with directors of the Company and
by a private company with a common director:
<table>
<caption>
                                               Three months ended                   Six months ended
                                                   January 31,                         January 31,
                                              2006              2005            2006              2005
                                              ----              ----            ----              ----

                                     <c>               <c>               <c>            <c>
Executive compensation                  $         19,291  $       18,544   $       38,258  $          36,100
Rent                                               3,859           3,709            7,652              7,220
                                       -----------------  --------------   --------------  -----------------

                                        $         23,150  $       22,253   $       45,910  $          43,320
                                        ================  ==============   ==============  =================
</table>

<page>

Achievers Magazine, Inc.
Notes to the Interim Consolidated Financial Statements
January 31, 2006
(Unaudited)
(Stated in US Dollars) - Page 3
 --------------------

NOTE F - Related Party Transactions - Note G - (cont'd)

These  charges were  measured by the exchange  amount which is the amount agreed
upon by the transacting parties.

Included in accounts payable and  accrued  liabilities is $1,971 (July 31, 2005:
$1,827) due to a director of the Company.

Amounts due to related  parties consist of amounts due to directors and officers
of the  Company  and a private  company  controlled  by a Company  director  for
executive  compensation,  rent and  expenses  incurred on behalf of the Company.
These amounts are unsecured,  non-interest bearing and have no specific terms of
repayment.

NOTE G - Subsequent Event

Subsequent  to January 31, 2006, a director of the Company  advanced the Company
$8,742. These advances are unsecured,  non-interest bearing and have no specific
terms of repayment.

<page>


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

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements that involve risks and
uncertainties.  We use words such as anticipate,  believe, plan, expect, future,
intend and similar expressions to identify such forward-looking  statements. You
should not place too much  reliance  on these  forward-looking  statements.  Our
actual results are likely to differ  materially from those  anticipated in these
forward-looking  statements  for many  reasons,  including the risks faced by us
described in this Risk Factors section and elsewhere in this annual report.

Plan of Operation

Overview

We were incorporated pursuant to the laws of Nevada on February 13, 2003. We did
not commence business operations until we acquired a 100% interest in our wholly
owned subsidiary,  Achievers Publishing Inc. By a share purchase agreement dated
March 31, 2003, we agreed to acquire from Mr. Arto Tavukciyan, our president and
a director,  and Mr. John  Plaschinski,  100% of the issued  shares of Achievers
Publishing Inc. We purchased the company in  consideration of us issuing 840,000
shares of our common stock to Mr. Tavukciyan and an additional 160,000 shares of
our common stock to Mr. Plaschinski.

Achievers Publishing Inc. is a private company that was incorporated pursuant to
the laws of British Columbia, Canada on March 13, 2003.

Our acquisition of Achievers Publishing Inc. effected a change in control of our
company and was accounted  for  as a  "reverse  acquisition"  whereby  Achievers
Publishing Inc. is the accounting acquiror for financial statement purposes.

Cash Requirements

Our  plan  of  operation  for  the  twelve  months  following  the  date of this
prospectus is to publish an  additional  four issues of Achievers  Magazine.  We
anticipate  that the average cost to publish  each issue of  Achievers  Magazine
will  continue  to be $50,000.  Total costs for the four issues to be  published
within the next year are therefore $200,000.  Subject to financing, we intend to
publish  issues of  Achievers  Magazine  in May,  August,  November  of 2006 and
January of 2007.

We do not plan to conduct any product  research  and  development,  purchase any
significant equipment or increase our number of employees in the next 12 months.
We will focus our efforts on ensuring our magazine content is of good quality by
interviewing and arranging for suitable subjects for our magazine  articles.  In
addition, we will attempt to expand our base of advertisers.

During the same  period,  we expect to pay or accrue a total of $2,500  Canadian
dollars  (approximately  $2,040 United States  dollars) per month to each of our
three directors and officers. All fees accrued for the next 12 months will equal
$73,440 (United States funds).

<page>

As well, we anticipate  spending an additional  $65,000 on administrative  costs
such as accounting and auditing fees,  professional fees, including fees payable
in connection with the filing of this registration  statement and complying with
reporting obligations.

Total  expenditures  over  the  next 12  months  are  therefore  expected  to be
$338,440.

Internal and External Sources of Liquidity

At  January  31,  2006,  our  current  assets  consisted  of $7,951 in  accounts
receivable and $3,161 in prepaid  expenses.  In order to satisfy our anticipated
cash  requirements,  we will rely upon director  loans. We intend to look to our
directors to provide loans of approximately $50,000.  While our president,  Arto
Tavukciyan,  has  indicated  that he is prepared to loan funds to us in order to
sustain operations, we do not have any binding commitment in this regard.

We will have to raise  additional  funds in the next  twelve  months in order to
sustain and expand our  operations.  We currently do not have a specific plan of
how we will  obtain  such  funding;  however,  we  anticipate  that a portion of
additional  funding will be in the form of equity financing from the sale of our
common stock. We anticipate that our equity sales will be private issuances.  We
will likely solicit potential  investors who are friends or business  associates
of our directors and officers.  If our common stock is quoted for trading on the
OTC  Bulletin  Board,  of which  there  is no  guarantee,  then we may  consider
sourcing  public  financing.  However,  we do not have any  arrangements in this
regard.

We have and will continue to seek to obtain short-term loans from our directors,
although future  arrangement for additional  loans have not been made. We do not
have any agreements  with our directors  concerning  these loans. We do not have
any arrangements in place for any future equity financing.

Events, Trends and Uncertainties Relating to Revenue

The  continuing  development  of our  business  will  depend upon our ability to
continue to attract subjects for our magazine  articles,  as well as advertisers
and  equity  financing.  Although  we do  not  anticipate  any  difficulties  in
attracting  customers in the same quantities  that we have to date,  there is no
guarantee  that this will not change in the future.  Future  advertising  may be
affected by events and trends such as general economic  conditions,  alternative
means of advertising and the circulation of our magazine.

During 2005,  we were only able to publish two issues of Achievers  Magazine due
to  difficulties  in raising  financing.  We intend to publish  three  issues of
Achievers magazine in 2006. However,  this will be subject to us raising $50,000
per issue to cover the costs of publication.  These funds must come from clients
paying for magazine  articles,  advertisers,  our sale of shares of common stock
and director loans.

In order to increase  our revenue in the  future,  we will have to increase  our
advertising rates, or the rates we charge for publishing editorials for clients.
In  order to  justify  higher  rates,  we will  need to  increase  our  magazine
circulation  by  reaching  agreements  with  additional  magazine  distributors.
Although we have entered into discussions with several Canadian daily newspapers
regarding   such   distribution,   we  have  not  entered  into  any  additional
distribution agreements to date and cannot be assured that we will be able to do
so.

<page>

Events, Trends and Uncertainties Relating to Liquidity

Our ability to collect accounts receivable will also have an impact on our short
and long term liquidity.  As at January 31, 2005, we had accounts  receivable of
$7,951 (net of doubtful accounts of $9,311).

Our  liquidity  will  also be  affected  by our  ability  to  secure  additional
financing  for  operations  from the sale of our common stock and from  director
loans. We do not have any arrangements in this regard.  Our inability to attract
financing will delay the implementation of our plan of operations.

Material Commitments for Capital Expenditures

We do not have any contractual  commitments  for further  capital  expenditures.
However,  in order to publish additional issues of Achievers  Magazine,  we will
incur costs of approximately $50,000. This amount will be defrayed by revenue we
receive from article preparation and advertising.

Elements of Income or Loss

There are no  significant  elements of income or loss that do not arise from our
continuing operations.

Off Balance Sheet Arrangements

We  have  no  significant  off-balance  sheet  arrangements  that  have  or  are
reasonably likely to have a current or future effect on our financial condition,
changes in financial  condition,  revenues or expenses,  results of  operations,
liquidity,  capital  expenditures  or  capital  resources  that is  material  to
stockholders.

Results Of Operations for the Six-Month Period Ended January 31, 2005

We did not earn any revenue  from our  operations  during the  six-month  period
ended January 31, 2006. We incurred  operating expenses in the amount of $65,317
and incurred an additional  loss of $2,712 due to foreign  currency  translation
adjustment.  Our  operatings  expenses  were  comprised  of $38,258 in executive
compensation paid or accrued to our directors and officers, accounting and audit
fees of $12,849,  $7,652 in rent, $1,324 in telephone expense,  $1,849 in filing
fees,  $1,000 in legal fees,  $917 in bank charges and interest,  $898 in travel
and  promotion   costs,   foreign   exchange  loss  of  $481,   and  office  and
administration costs of $89.

ITEM 3:  CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls

Our  management  evaluated  the  effectiveness  of our  disclosure  controls and
procedures  as of the end of our  fiscal  quarter  on  January  31,  2006.  This
evaluation was conducted by our chief executive officer and principal accounting
officer, Arto Tavukciyan.

<page>

Disclosure  controls  are  controls  and other  procedures  that are designed to
ensure that  information that we are required to disclose in the reports we file
pursuant  to  the  Securities  Exchange  Act of  1934  is  recorded,  processed,
summarized and reported.

Limitations on the Effective of Controls

Our  management  does not expect that our  disclosure  controls or our  internal
controls over  financial  reporting  will prevent all error and fraud. A control
system, no matter how well conceived and operated,  can provide only reasonable,
but no absolute,  assurance  that the  objectives  of a control  system are met.
Further, any control system reflects limitations on resources,  and the benefits
of a control system must be considered  relative to its costs. These limitations
also include the realities that judgments in  decision-making  can be faulty and
that  breakdowns  can occur  because of simple  error or mistake.  Additionally,
controls  can be  circumvented  by the  individual  acts  of  some  persons,  by
collusion of two or more people or by management override of a control. A design
of a control  system is also  based upon  certain  assumptions  about  potential
future conditions;  over time, controls may become inadequate because of changes
in conditions,  or the degree of compliance  with the policies or procedures may
deteriorate.  Because of the inherent  limitations in a  cost-effective  control
system, misstatements due to error or fraud may occur and may not be detected.

Conclusions

Based upon his  evaluation  of our  controls,  our chief  executive  officer and
principal  accounting  officer has concluded  that,  subject to the  limitations
noted  above,  the  disclosure  controls  are  effective  providing   reasonable
assurance that material  information  relating to us is made known to management
on a timely basis during the period when our reports are being  prepared.  There
were no  changes in our  internal  controls  that  occurred  during the  quarter
covered by this report that have materially  affected,  or are reasonably likely
to materially affect our internal controls.

PART II- OTHER INFORMATION

Item 1.  Legal Proceedings

We are not a party to any pending legal  proceeding.  Management is not aware of
any threatened litigation, claims or assessments.

Item 2.  Changes in Securities

The Company did not issue any  securities  during the quarter  ended January 31,
2006.

Item 3. Defaults Upon Senior Securities

None.

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

None.

Item 5. Other Information

<page>

None.

Item 6. Exhibits and Report on Form 8-K

31.1  Certification pursuant to Rule 13a-14(a) under the Securities
      Exchange Act of 1934
31.2  Certification pursuant to Rule 13a-14(a) under the Securities
      Exchange Act of 1934
32.1  Certification pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2  Certification pursuant to 18 U.S.C. Section 1350, as adopted
      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

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

DATED:  March 14, 2006

Achievers Magazine Inc.

/s/ Arto Tavukciyan
------------------------------
Arto Tavukciyan, President