UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB
       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 31, 2005

     Commission File No. 000-50621


                              MAXIMUM AWARDS, INC.
                              --------------------
             (Exact name of registrant as specified in its charter)


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

         LEVEL 1, 164 WHARF STREET, BRISBANE, QUEENSLAND 4000, AUSTRALIA
                    (Address of principal executive offices)

                                  61 733193110

               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] No [_]

There are 25,526,900 shares of common stock and 1,000,000 series "A" preferred
stock outstanding, as of August 28, 2005.










<PAGE>



                                TABLE OF CONTENTS

                                Form 10-QSB Index


                                                                          Page
                                                                          -----

                         PART I - FINANCIAL INFORMATION

   Item 1.     Financial Statements.......................................  1

   Item 2.     Management Discussion and Analysis......................... 18

   Item 3.     Controls and Procedures.................................... 20

                        PART II - OTHER INFORMATION

   Item 2.     Changes in Securities and Use of Proceeds.................. 20

   Item 6.     Exhibits and Reports On Form 8-K........................... 20

   Signatures............................................................. 21












<PAGE>


PART I - FINANCIAL INFORMATION

ITEM 1.     FINANCIAL STATEMENTS



                              MAXIMUM AWARDS, INC.

                    INTERIM CONSOLIDATED FINANCIAL STATEMENTS

                        THREE MONTHS ENDED MARCH 31, 2005
                               AND MARCH 31, 2004

                                    UNAUDITED






                                    CONTENTS

Report of Independent Registered Public Accounting Firm                1

Interim Consolidated Balance Sheets                                    2

Interim Consolidated Statements of Operations                          3

Interim Consolidated Statements of Cash Flows                          4

Notes to Financial Statements                                          5 - 17




<PAGE>


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Stockholders of
MAXIMUM AWARDS, INC.


         We have reviewed the accompanying interim consolidated balance sheets
of MAXIMUM AWARDS, INC., as at March 31, 2005 and the related interim
Consolidated statements of operations for the three month periods ended March
31, 2005 and 2004 and the interim Consolidated statements of cash flows for the
three month periods ended March 31, 2005 and 2004. These interim financial
statements are the responsibility of the Company's management.

         We conducted our review in accordance with the standards of the Public
Company Accounting Oversight Board (United States). A review of interim
financial information consists principally of applying analytical procedures and
making inquiries of persons responsible for financial and accounting matters. It
is substantially less in scope than an audit conducted in accordance with the
standards of the Public Company Accounting Oversight Board, the objective of
which is the expression of an opinion regarding the financial statements taken
as a whole. Accordingly, we do not express such an opinion.

         Based on our review, we are not aware of any material modifications
that should be made to the interim consolidated financial statements referred to
above for them to be in conformity with accounting principles generally accepted
in the United States.

         We have previously audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), the consolidated
balance sheet of Maximum Awards, Inc. as at December 31, 2004 and 2003, and the
related consolidated statements of operations and comprehensive loss,
stockholders' equity (deficiency), and cash flows for the years then ended [not
presented herein], and in our report dated July 7, 2005 we expressed an
unqualified opinion on those consolidated financial statements. In our opinion,
the information set forth in the accompanying consolidated balance sheet as of
December 31, 2004, is fairly stated, in all material respects, in relation to
the consolidated balance sheet from which it has been derived.

         The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern. As discussed in Note 2 to the
financial statements, the Company experienced operating losses since inception,
has raised minimal capital and has no long-term contracts related to its
business plans. These factors raise substantial doubt about the Company's
ability to continue as a going concern. Management's plans regarding these
matters are also described in Note 2. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.


                                                           "SF PARTNERSHIP, LLP"


TORONTO, CANADA                                            CHARTERED ACCOUNTANTS
August 31, 2005


                                      -1-
<PAGE>


MAXIMUM AWARDS, INC.
Interim Consolidated Balance Sheets
March 31, 2005 and December 31, 2004

<TABLE>
<CAPTION>

                                                                                       MARCH 31,       December 31,
                                                                                            2005              2004
                                                                                     (Unaudited)        (Unaudited)

                                     ASSETS
<S>                                                                              <C>                 <C>
CURRENT
    Cash                                                                         $     30,621        $       14,160
    Cash held in escrow (note 4)                                                        1,662                 1,729
    Accounts receivable                                                                99,184                96,769
    Inventory                                                                           6,369                 5,192
    Prepaid and sundry assets                                                               -                12,051
                                                                                -----------------------------------

TOTAL CURRENT ASSETS                                                                  137,836               129,901

FURNITURE AND EQUIPMENT (note 5)                                                       18,177                10,886
                                                                                -----------------------------------

TOTAL ASSETS                                                                     $    156,013      $        140,787
                                                                                ===================================


                                   LIABILITIES

CURRENT
    Accounts payable and accrued charges                                         $    327,934           $   236,666
    Notes payable (note 6)                                                             28,359                 5,575
    Liability for unredeemed points                                                     1,662                 1,729
    Advances from directors (note 7)                                                   88,709                26,149
                                                                                -----------------------------------

TOTAL CURRENT LIABILITIES                                                             446,664               270,119
                                                                                -----------------------------------

TOTAL LIABILITIES                                                                     446,664               270,119
                                                                                -----------------------------------


                            STOCKHOLDERS' DEFICIENCY

CAPITAL STOCK (note 8)                                                                 26,527                26,527

ADDITIONAL PAID-IN CAPITAL                                                            508,876               508,876

ACCUMULATED OTHER COMPREHENSIVE LOSS                                                  (56,834)              (55,745)

ACCUMULATED DEFICIT                                                                  (769,220)             (608,990)
                                                                                -----------------------------------

TOTAL STOCKHOLDERS' DEFICIT                                                          (290,651)             (129,332)
                                                                                -----------------------------------

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                      $    156,013           $   140,787
                                                                                ===================================

          (The accompanying notes are an integral part of these interim consolidated financial statements)

</TABLE>


                                      -2-
<PAGE>


MAXIMUM AWARDS, INC.
Interim Consolidated Statements of Operations
Three Months Ended March 31, 2005 and March 31, 2004



<TABLE>
<CAPTION>

                                                                                            2005              2004
                                                                                      (Unaudited)       (Unaudited)

<S>                                                                                    <C>              <C>
REVENUE
                                                                                       $   64,088       $    31,096

COST OF SALES                                                                              22,696            16,029
                                                                                       ----------------------------

GROSS PROFIT                                                                               41,392            15,067
                                                                                       ----------------------------
EXPENSES
    General and administrative                                                            184,598           147,429
    Legal and professional fees                                                            15,641            68,073
    Interest                                                                                  420             2,150
    Amortization                                                                              963               242
                                                                                       ----------------------------

TOTAL EXPENSES                                                                            201,622           217,894
                                                                                       ----------------------------

OPERATING INCOME                                                                         (160,230)         (202,827)
                                                                                       ----------------------------

    Provision for income tax                                                                   --                --
                                                                                       ----------------------------

NET LOSS                                                                                 (160,230)         (202,827)
                                                                                       ----------------------------

FOREIGN CURRENCY TRANSLATION ADJUSTMENT                                                    (1,089)             (584)
                                                                                       ----------------------------

COMPREHENSIVE LOSS
                                                                                       $ (161,319)      $  (203,411)
                                                                                       ============================

BASIC AND FULLY DILUTED LOSS PER SHARE
                                                                                       $   (0.006)      $    (0.008)
                                                                                       ============================

BASIC AND FULLY DILUTED WEIGHTED AVERAGE NUMBER OF
   SHARES DURING THE PERIOD                                                            25,526,900       24,957,950
                                                                                       ============================

          (The accompanying notes are an integral part of these interim consolidated financial statements)


</TABLE>


                                      -3-
<PAGE>


MAXIMUM AWARDS, INC.
Interim Consolidated Statements of Cash Flows
Three Months Ended March 31, 2005 and  March 31, 2004



<TABLE>
<CAPTION>


                                                                                            2005              2004
                                                                                      (Unaudited)       (Unaudited)
<S>                                                                                <C>                  <C>

CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES
    Net (loss)                                                                     $     (160,230)      $  (202,827)
    Adjustments to reconcile net (loss) income to
       net cash used in operating activities
       Amortization                                                                           963               242
       Accounts receivable                                                                 (2,415)              353
       Inventory                                                                           (1,177)              258
       Prepaid and sundry assets                                                           12,051            51,091
       Liability for unredeemed points                                                        (67)             (196)
       Accounts payable and accrued charges                                                91,268            32,182
       Deferred membership fee income                                                          -             (1,001)
                                                                                   --------------------------------

    Net cash from (used in) operating activities                                          (59,607)         (119,898)
                                                                                   --------------------------------

CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES
       Purchase of equipment                                                               (8,391)             (376)
                                                                                   --------------------------------
    Net cash from (used in) investing activities                                           (8,391)             (376)
                                                                                   --------------------------------

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
       Increase in notes payable                                                           22,784            71,916
       Advances from directors                                                             62,560                --
       Proceeds from additional paid in capital                                                --            44,156
                                                                                   --------------------------------

    Net cash from (used in) financing activities                                           85,344           116,072
                                                                                   --------------------------------
NET INCREASE (DECREASE) IN CASH                                                            17,346            (4,202)

FOREIGN EXCHANGE ON CASH BALANCES                                                            (952)             (864)

CASH - BEGINNING OF PERIOD                                                                 15,889            17,301
                                                                                   --------------------------------
CASH - END OF PERIOD                                                               $       32,283       $    12,235
                                                                                   ================================

CASH                                                                               $       30,621            14,160
CASH HELD IN ESCROW                                                                         1,662             2,218

TOTAL CASH                                                                         $       32,283       $    16,378
                                                                                   ================================

          (The accompanying notes are an integral part of these interim consolidated financial statements)
</TABLE>




                                      -4-
<PAGE>


MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





1.   OPERATIONS AND BUSINESS

     Maximum Awards,  Inc,  formerly known as Rising Fortune  Incorporated  (the
     "Company"),  was  incorporated in the State of Nevada on March 7, 1995. The
     Company was  inactive  between 1996 and 2000.  In 2000 the Company  entered
     into an agreement to  distribute  product.  However,  the  agreement  never
     materialized  and the Company  continued to remain  inactive until November
     18,  2003.  On  November  19,  2003,  the Company  amended its  Articles of
     Incorporation to change its name to Maximum Awards, Inc.

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

     On June 1, 2004, the Company,  through its  subsidiary,  Maximum Awards Pty
     Ltd.,  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 directors of the respective
     companies for $1.00.  Global Business and Travel Easy are controlled by the
     same  shareholder,  who controls the Company and Maximum Awards Pty Ltd. As
     such, this transfer of equity interests between common controlled  entities
     is accounted for as a recapitalization of the Company.

     The Company operates a loyalty and rewards program known as Maximum Awards.
     Under this  program,  consumers  earn  points by  purchasing  products  and
     services  from a  range  offered  by  the  Company's  subsidiaries,  Global
     Business and 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 the Company's subsidiaries.

     The  Company's  subsidiary,  Global  Business,  maintains  a  catalogue  of
     available  goods and  services  which a member  can  purchase,  or  acquire
     through the redemption of pfoints.  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.


                                      -5-
<PAGE>


MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





2.   GOING CONCERN

     These 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
     plans.  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.  Though the business plan
     indicates  profitable  operation  in the coming  year,  these  profits  are
     contingent on completing and fulfilling contracts with various providers of
     goods and  services  throughout  the world to provide  the  Company  with a
     cashflow to sustain operations.

     The  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

     a)   Basis of Financial Statement Presentation

          These  financial  statements  have been  prepared in  conformity  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 accompanying unaudited 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. These 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, 2004,  as filed
          with the Securities and Exchange Commission.


                                      -6-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited




3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

     b)   Basis of Consolidation

          The  merger  of the  Company  and  Maximum  Awards  Pty Ltd.  has been
          recorded as the  recapitalization of the Company,  with the net assets
          of Maximum  Awards Pty Ltd. and the Company  brought  forward at their
          historical  basis.  The intention of the  management of Maximum Awards
          Pty Ltd. was to acquire the Company as a shell company to be listed on
          the OTC  Bulletin  Board.  Management  does not  intend to pursue  the
          business of the  Company.  As such,  accounting  for the merger as the
          recapitalization of the Company is deemed appropriate.

          As  mentioned  in  Note  1,  these  interim   consolidated   financial
          statements include the financial position and results of operations of
          Global Business and Travel Easy.

          The  comparative  figures  presented  in  these  interim  consolidated
          financial statements are those of the legal subsidiary, Maximum Awards
          Pty Ltd., Travel Easy and Global Business.

          The weighted average and total number of shares  outstanding have been
          retroactively restated for each period to reflect the number of shares
          issued to shareholders of the subsidiary at acquisition.

     c)   Unit of Measurement

          United  States  of  America  currency  is  being  used as the  unit of
          measurement in these financial statements.

     d)   Use of Estimates

          In  preparing  the  Company's  financial  statements,   management  is
          required to make  estimates and  assumptions  that affect the reported
          amounts of assets and  liabilities  and the  disclosures of contingent
          assets and liabilities at the dates of the financial  statements,  and
          the reported  amounts of revenues and  expenses  during the  reporting
          periods. Actual results could differ from those estimates.

     e)   Inventory

          Inventory consists of goods purchased for resale.  Inventory is stated
          at the lower of cost (first-in,  first-out  method) and net realizable
          value.



                                      -7-
<PAGE>


MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited



3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

     f)   Revenue Recognition

          Consumer Reward Points Program

          Membership fee revenue  represents  annual membership fees paid by all
          of the Company's  members.  The Company  accounts for  membership  fee
          income  on  a  "deferred  basis"  whereby  membership  fee  income  is
          recognized  ratably over the one-year life of the  membership.  During
          the year the Company ceased the membership fee program.

          The Company recognizes  commission income from a participating  vendor
          when the consumer has earned points from their purchases.

          Travel Agency

          The Company  earns  commission  revenues from ticket sales and reports
          this revenue in accordance  with Emerging  Issues Task Force  ("EITF")
          Issue No.99-19,  "Reporting Revenue Gross as a Principal versus Net as
          an Agent".  The Company is an agent and not the primary  obligor,  and
          accordingly   the  amounts  earned  are   determined   using  a  fixed
          percentage, a fixed-payment schedule, or a combination of the two.

          Online Shopping

          The Company recognizes revenue from product sales or services rendered
          when  the  following  four  revenue  recognition   criteria  are  met:
          persuasive evidence of an arrangement exists, delivery has occurred or
          services   have  been   rendered,   the  selling  price  is  fixed  or
          determinable,  and collectibility is reasonably assured. Additionally,
          revenue  arrangements  with  multiple  deliverables  are divided  into
          separate units of accounting if the  deliverables  in the  arrangement
          meets the following criteria:

          (1) the  delivered  item has  value to the  customer  on a  standalone
          basis;

          (2) there is  objective  and  reliable  evidence  of the fair value of
          undelivered items; and

          (3) delivery of any undelivered item is probable.

          Product  sales,  net of  promotional  discounts,  rebates,  and return
          allowances,  are  recorded  when the  products  are  shipped and title
          passes to customers.  Retail items sold to customers are made pursuant
          to a sales  contract that provides for transfer of both title and risk
          of loss upon the Company's delivery to the carrier.  The return policy
          allows customers to exchange product within 7 days.


                                      -8-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

          The Company periodically provides incentive offers to its customers to
          encourage purchases. Such offers include current discount offers, such
          as percentage discounts off current purchases, inducement offers, such
          as offers for future discounts  subject to a minimum current purchase,
          and other similar offers.  Current discount  offers,  when accepted by
          the customers, are treated as a reduction to the purchase price of the
          related  transaction,  while inducement  offers,  when accepted by the
          customers,  are  treated as a  reduction  to  purchase  price based on
          estimated  future  redemption  rates.  Redemption  rates are estimated
          using the  Company's  historical  experience  for  similar  inducement
          offers. Current discount offers and inducement offers are presented as
          a net amount in "Net sales."

          Outbound shipping charges to customers are included in net sales.

     g)   Foreign Currency Translation

          The Company  accounts  for foreign  currency  translation  pursuant to
          Statement of Financial  Accounting Standards ("SFAS") No. 52, "Foreign
          Currency  Translation".  The  Company's  functional  currency  is  the
          Australian dollar. All assets and liabilities are translated into U.S.
          dollars  using the current  exchange  rate.  Revenues and expenses are
          translated using the average exchange rates prevailing  throughout the
          year.  Translation  adjustments  are  included in other  comprehensive
          income for the period.

     h)   Fair Value of Financial Instruments

          The estimated fair value of financial  instruments has been determined
          by the  Company  using  available  market  information  and  valuation
          methodologies.  Considerable  judgment is required in estimating  fair
          value. Accordingly, the estimates may not be indicative of the amounts
          the Company could realize in a current market  exchange.  At March 31,
          2004,  the carrying  amounts of cash,  accounts  receivable,  accounts
          payable,  accrued  charges,  notes payable and advances from directors
          approximate  their fair  values due to the  short-term  maturities  of
          these instruments.

     i)   Furniture and Equipment

          Furniture and equipment is stated at cost. Depreciation,  based on the
          estimated useful lives of the assets, is provided using the undernoted
          annual rates and methods:

                   Furniture and equipment            20%      Declining balance
                   Computer software                  20%      Declining balance




                                      -9-
<PAGE>



MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

     j)   Impairment of Long-Lived Assets

          In accordance  with SFAS No. 144,  "Accounting  for the  Impairment or
          Disposal of Long-Lived Assets",  long-lived assets to be held and used
          are   analyzed   for   impairment   whenever   events  or  changes  in
          circumstances  indicate that the related  carrying  amounts may not be
          recoverable.  The Company evaluates at each balance sheet date whether
          events  and   circumstances   have  occurred  that  indicate  possible
          impairment.  If there are indications of impairment,  the Company uses
          future  undiscounted cash flows of the related asset or asset grouping
          over  the  remaining   life  in  measuring   whether  the  assets  are
          recoverable.  In the event  such cash  flows  are not  expected  to be
          sufficient  to  recover  the  recorded  asset  values,  the assets are
          written down to their  estimated fair value.  Long-lived  assets to be
          disposed of are reported at the lower of carrying amount or fair value
          of asset less cost to sell.  As  described  in Note 2, the  long-lived
          assets have been valued on a going concern basis. However, substantial
          doubt  exists as to the  ability of the Company to continue as a going
          concern.  If the Company  ceases  operations,  the asset values may be
          materially impaired.

     k)   Income Taxes

          The  Company  accounts  for income  taxes  pursuant  to SFAS No.  109,
          "Accounting for Income Taxes". Deferred tax assets and liabilities are
          recorded for differences between the financial statement and tax basis
          of  the  assets  and  liabilities  that  will  result  in  taxable  or
          deductible  amounts in the future  based on enacted tax laws and rates
          applicable  to the periods in which the  differences  are  expected to
          affect  taxable  income.  Valuation  allowances are  established  when
          necessary to reduce  deferred tax assets to the amount  expected to be
          realized.  Income tax expense is recorded for the amount of income tax
          payable or  refundable  for the period  increased  or decreased by the
          change in deferred tax assets and liabilities during the period.

     l)   Stock Based Compensation

          In  accordance   with  SFAS  No.  123   "Accounting   for  Stock-Based
          Compensation",  the Company enters into transactions in which goods or
          services  are the  consideration  received  for the issuance of equity
          instruments.   The  value  of  these  transactions  are  measured  and
          accounted for, based on the fair value of the equity instrument issued
          or the value of the services,  whichever is more reliably  measurable.
          The services are expensed in the periods during which the services are
          rendered.


                                      -10-
<PAGE>


MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

     m)   Net Loss per Common Share

          The  Company  calculates  net loss per  share  based on SFAS No.  128,
          "Earnings Per Share". Basic loss per share is computed by dividing the
          net loss  attributable  to the  common  stockholders  by the  weighted
          average  number of common shares  outstanding.  Fully diluted loss per
          share is  computed  similar  to basic loss per share  except  that the
          denominator  is increased to include the number of  additional  common
          shares that would have been outstanding if the potential common shares
          had been issued and if the additional common shares were dilutive.

     n)   Comprehensive Income

          The Company adopted SFAS No. 130,  "Reporting  Comprehensive  Income."
          SFAS No. 130 establishes  standards for reporting and  presentation of
          comprehensive  income and its  components  in a full set of  financial
          statements.  Comprehensive  income is presented in the  statements  of
          changes in stockholders' (deficiency) equity, and consists of net loss
          and  unrealized  gains  (losses)  on  available  for  sale  marketable
          securities;  foreign currency  translation  adjustments and changes in
          market value of future contracts that qualify as a hedge; and negative
          equity adjustments recognized in accordance with SFAS 87. SFAS No. 130
          requires only additional  disclosures in the financial  statements and
          does not  affect  the  Company's  financial  position  or  results  of
          operations.

     o)   Concentration of Credit Risk

          SFAS No. 105,  "Disclosure of Information About Financial  Instruments
          with   Off-Balance   Sheet  Risk  and   Financial   Instruments   with
          Concentration of Credit Risk",  requires disclosure of any significant
          off-balance sheet risk and credit risk concentration. The Company does
          not have significant  off-balance sheet risk or credit  concentration.
          The   Company   maintains   cash  with  major   Australian   financial
          institutions.

          The Company provides credit to its clients in the normal course of its
          operations.  It carries out, on a continuing  basis,  credit checks on
          its clients and  maintains  provisions  for  contingent  credit losses
          which,  once  they  materialize,   are  consistent  with  management's
          forecasts.

          For other debts, the Company  determines,  on a continuing  basis, the
          probable  losses  and  sets up a  provision  for  losses  based on the
          estimated realizable value.

          Concentration  of credit risk arises when a group of clients  having a
          similar   characteristic   such  that  their  ability  to  meet  their
          obligations  is  expected  to be  affected  similarly  by  changes  in
          economic  conditions.  The Company does not have any significant  risk
          with respect to a single client.



                                      -11-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

     p)   Segment Reporting

          SFAS No. 131 "Disclosures  about Segments of an Enterprise and Related
          Information"  establishes  standards  for the  manner in which  public
          enterprises report segment information about operating  segments.  The
          Company has  determined  that its operations  primarily  involve three
          reportable segments based on the companies being consolidated: Maximum
          Awards,  Inc. - a consumer rewards  program;  Travel Easy Holidays Pty
          Ltd. - a travel agency; and Global Business Group Pty Ltd. - an online
          shopping business.

     q)   Recent Accounting Pronouncements (cont'd)

          In December 2004, the Financial  Accounting  Standards  Board ("FASB")
          issued SFAS No. 153,  "Exchanges of Non-monetary  Assets, an amendment
          of Accounting  Principles  Board ("APB") Opinion No. 29". SFAS No. 153
          replaces the exception from fair value  measurement in APB Opinion No.
          29 for  non-monetary  exchanges  of similar  productive  assets with a
          general  exception  from  fair  value  measurement  for  exchanges  of
          non-monetary  assets  that  do  not  have  commercial   substance.   A
          non-monetary  exchange  has  commercial  substance  if the future cash
          flows of the entity are expected to change  significantly  as a result
          of the exchange.  SFAS No. 153 is to be applied prospectively,  and is
          effective for non-monetary asset exchanges occurring in fiscal periods
          after the December 2004 issuance of SFAS No. 153. The Company does not
          believe the impact of adoption of SFAS No. 153 will be  significant to
          the overall results of operations or financial position.

          In  December  2004,  the FASB  issued  a  revision  to SFAS  No.  123,
          "Share-Based  Payment".  This  Statement  requires a public  entity to
          measure the cost of  employee  services  received  in exchange  for an
          award of equity  instruments based on the grant-date fair value of the
          award (with limited exceptions). That cost will be recognized over the
          period  during  which the  employee is required to provide  service in
          exchange for the award  requisite  service period (usually the vesting
          period). No compensation cost is recognized for equity instruments for
          which  employees do not render the requisite  service.  Employee share
          purchase plans will not result in recognition of compensation  cost if
          certain  conditions are met; those conditions are much the same as the
          related  conditions in Statement  123. This Statement is effective for
          public entities that do not file as a small business issuers as of the
          beginning of the first interim or annual  reporting period that begins
          after June 15,  2005.  This  Statement  applies to all awards  granted
          after the required effective date and to awards modified, repurchased,
          or  cancelled  after that date.  The  cumulative  effect of  initially
          applying  this  Statement,  if any, is  recognized  as of the required
          effective  date and is not  expected to have a material  impact on the
          Company's consolidated financial statements.

                                      -12-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited




4.   CONSUMER REWARD POINTS PROGRAM

     The Company  operated 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 a trustee.  The trustee  remits to the
     Company its portion of  commission  revenue and the balance of funds remain
     in a bank  account  managed by the  trustee on behalf of the  Company.  The
     Company  disclosed this cash amount in current assets,  and a corresponding
     liability,  being the underlying value of unredeemed  points,  as a current
     liability.  As at March 31, 2005 the trustee held $1,662 (December 31, 2004
     - $1,729) in cash.


5.   FURNITURE AND EQUIPMENT
<TABLE>
<CAPTION>
                                                                  MARCH 31,                      December 31,
                                                                      2005                              2004
                                                               ACCUMULATED                       Accumulated
                                                      COST    AMORTIZATION            Cost      Amortization
                                                -----------------------------------------------------------

<S>                                             <C>           <C>               <C>              <C>
      Office furniture and equipment            $   20,149    $       2,472     $   11,906       $    1,524
      Computer software                                730              230            737              233
                                                -----------------------------------------------------------


      Net carrying amount                                     $     18,177                       $   10,886
                                                              ============                       ----------
</TABLE>


6.   NOTES PAYABLE

     The notes are non-interest  bearing,  unsecured and have no specified terms
     of repayment.


7.   ADVANCES FROM DIRECTORS
<TABLE>
<CAPTION>
                                                                                    MARCH 31,      December 31,
                                                                                         2005              2004

      Advances payable to directors of the Company:

     <S>                                                                         <C>               <C>
         Maxwell Thomas                                                           $    79,578       $    16,561
         Michael Sullivan                                                               7,305             8,000
         L. Thomas                                                                      1,826             1,588
                                                                                  -----------------------------
                                                                                  $    88,709       $    26,149
                                                                                  =============================

</TABLE>


     The advances are non-interest bearing, unsecured and have no specific terms
     of repayment.



                                      -13-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited




8.   CAPITAL STOCK

        Authorized
          100,000,000      Common shares, par value of $0.001 per share
           10,000,000      Preferred shares, Series "A", par value of $0.001
                           per share, non-participating, voting rights of 50
                           votes per share

<TABLE>
<CAPTION>

                                                                                    MARCH 31,      December 31,
                                                                                        2005              2004

        Issued
             <S>          <C>                                                    <C>             <C>
             25,526,900    Common shares (December 31, 2004
                           -25,526,900)                                           $    25,527     $      25,527
              1,000,000    Preferred shares, Series "A" (December 31 2004
                           - 1,000,000)                                                 1,000             1,000
                                                                                  -----------------------------
                                                                                  $    26,527     $      26,527
                                                                                  =============================
</TABLE>


     The following transactions occurred during 2004:

     a) On March 28, 2004 the Company  issued  115,000  common shares for a cash
     consideration of $55,000.

     b) On October 31, 2004 the Company  issued 198,200 common shares for a cash
     consideration of $99,100.

     c) On November 10, 2004 the Company  issued 77,750 common shares for a cash
     consideration of $36,055

     d) On November 23, 2004 the Company issued 100,000 common shares for a cash
     consideration of $50,000.

     e) On December 27, 2004 the Company issued 100,000 common shares for a cash
     consideration of $50,000.

     f) The Company cancelled 22,000 common shares.


                                      -14-
<PAGE>



MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited






9.   SEGMENTED INFORMATION

<TABLE>
<CAPTION>

                                                                                     THREE MONTHS      Three Months
                                                                                         MARCH 31          March 31
                                                                                             2005              2004
      Revenues by Segment:

<S>                                                                                    <C>              <C>
        Maximum Awards - consumer rewards program                                      $    3,089       $    3,741
        Travel Easy - travel agency                                                        36,293           17,109
        Global Business - online shopping                                                  24,706           10,246
                                                                                       ---------------------------
      Consolidated Revenues                                                            $   64,088       $   31,096
                                                                                       ===========================

      Operating (Loss) by Segment:

        Maximum Awards - consumer rewards program                                      $ (152,090)      $ (156,416)
        Travel Easy - travel agency                                                        (2,723)         (23,278)
        Global Business - online shopping                                                  (5,417)         (23,133)
                                                                                       ---------------------------
      Consolidated Operating Loss                                                      $ (160,230)      $ (202,827)
                                                                                       ===========================

      Assets by Segment:
                                                                                        MARCH 31,      December 31,
                                                                                             2005             2004

        Maximum Awards - consumer rewards program                                      $   42,270       $   22,834
        Travel Easy - travel agency                                                        97,607           93,635
        Global Business - online shopping                                                  16,136           24,318
                                                                                       ---------------------------
      Consolidated Gross Assets                                                        $  156,013       $  140,787
                                                                                       ===========================

      Total Liabilities by Segment:

        Maximum Awards - consumer rewards program                                      $  281,558       $  264,748
        Travel Easy - travel agency                                                        65,547           (7,757)
        Global Business - online shopping                                                  99,559           13,128
                                                                                       ---------------------------
      Consolidated Total Liabilities                                                   $  446,664       $  270,119
                                                                                       ===========================
</TABLE>

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

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


                                      -15-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited



10.  INCOME TAXES

     The Company accounts for income taxes pursuant to SFAS No. 109, "Accounting
     for Income Taxes". 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:
<TABLE>
<CAPTION>

                                                                                     THREE MONTHS      Three Months
                                                                                        MARCH 31,         March 31,
                                                                                             2005              2004

<S>                                                                                    <C>              <C>
      Expected Income tax recovery at statutory tax rate of 34%                        $  (55,828)      $  (68,961)
      Valuation allowance                                                                  55,828           68,961
                                                                                       ----------------------------

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


      The Company has deferred income tax assets as follows:
                                                                                        MARCH 31,         March 31,
                                                                                             2005              2004

      Deferred income tax assets                                                       $  262,820       $  186,320
      Valuation allowance                                                                (262,820)        (186,320)
                                                                                       ----------------------------

                                                                                       $       --       $       --
                                                                                       ============================
</TABLE>


      As of March 31, 2005, the Company had a net operating loss carry forwards
      for income tax reporting purposes of approximately $773,000 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. No tax benefit has been reported in the financial
      statements, because the Company believes there is a 50% or greater chance
      the carryforwards will expire unused. Accordingly, the potential tax
      benefits of the loss carryforwards are offset by a valuation allowance of
      the same amount.


                                      -16-
<PAGE>

MAXIMUM AWARDS, INC.
Notes to Interim Consolidated Financial Statements
March 31, 2005
Unaudited





12.  COMMITMENTS AND CONTINGENCIES

     The Company is committed to a lease  obligation  expiring in December 2006.
     Future  minimum  payments  (exclusive of taxes,  insurance and  maintenance
     costs) under these leases are as follows:


                              2005             $     30,016
                              2006                   40,021
                                               ------------
                                               $     70,037
                                               ============






13.  SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

                                                THREE MONTHS      Three months
                                                    MARCH 31          March 31
                                                        2005              2004

       Cash paid during the year for:

     Interest paid                               $       --         $       --
     Income taxes paid                                   --                 --



14.  COMPARATIVE INFORMATION

     Certain of the prior year balances have been  reclassified  to conform with
     the current year's financial statement presentation.



15.  SUBSEQUENT EVENTS

     In  September  2005,  the Company  offered  5,000,000  common  shares at an
     offering price of $0.10 per share to a group of investors.  Such shares are
     issued in reliance on the exemption from registration  contained in Section
     4(2) of the  Securities  Act of  1933,  as  amended,  and  the  certificate
     representing  such  shares  bears  a  restrictive   legend  reflecting  the
     limitations  on future  transfer  of those  shares.  All  shareholders  are
     "accredited  investors"  as that term is defined in the  Securities  Act of
     1933 and the rules promulgated by the Securities and Exchange Commission.



                                      -17-
<PAGE>


ITEM 2.  MANAGEMENT DISCUSSION AND ANALYSIS

     The Company 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. 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.
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.

     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
Ltd. The business of Maximum Awards Pty Ltd. is now the business of the Company.

     On June 1, 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 to 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.  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.  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, 2005.

     Revenues  for the three  months  ended March 31, 2005  increased by $32,992
from  $31,096 for the three months ended March 31, 2004 to $64,088 for the three
months  ended  March 31,  2005.  The  increase  was due to an increase in travel
income of $19,184 and an increase in online shopping of $14,460 offset


                                      -18-
<PAGE>


by a decrease  in reward  program  income of $652.  The  increase  in travel and
online shopping income was a result of advertising  promotions undertaken by the
Company. The reduced income in the rewards program of the Company is a result of
a change in  strategy  where the  Company  no longer  charges  members an annual
membership fee.

     Cost of sales  reduced  from 48% of sales for the three  months ended March
31, 2004 to 35% in sales for the three months ended March 31, 2005. Gross profit
increased  by $26,325  from $16,029 for the three months ended March 31, 2004 to
$41,392 for the three  months  ended March 31,  2005.  The  increase  was due to
increased sales and an improved gross margin.

     Overhead  costs for the quarter  reduced by $16,272  from  $217,894 for the
quarter March 31, 2004 to $201,622 for the quarter ended March 31, 2005. General
and  administration  costs  increased by $14,819,  legal and  professional  fees
reduced by $52,432, advertising costs increased by $5,955, salaries increased by
$10,974  and  premises  costs  reduced  by  $3,137.  The  increase  in  costs is
attributed to costs  associated with increased  revenue.  The reduction in legal
fees was due to costs associated with the Company's securities filing in 2004.

     We  incurred  a net  loss of  $160,230  or  $(0.006)  per  share  based  on
25,526,900  weighted average shares  outstanding for the quarter ended March 31,
2005  compared to a loss of $202,827 or $(0.008)  per share based on  25,957,950
weighted average shares outstanding for the quarter ended March 31,2004.

     Through the three months ended March 31, 2005 we have relied on advances of
approximately  $85,344 from our  principal  note  holders and trade  payables of
approximately  $91,268.  As of March 31,  2005,  the Company  had  approximately
$30,621 of its own cash and cash  equivalents and $1,662 cash held in escrow for
unredeemed points.

     In  September  2005,  the Company  offered  5,000,000  common  shares at an
offering  price of $0.10  per share to a group of  investors.  Such  shares  are
issued in reliance on the exemption from registration  contained in Section 4(2)
of the Securities Act of 1933, as amended, and the certificate representing such
shares bears a restrictive  legend reflecting the limitations on future transfer
of those shares.  All  shareholders  are "accredited  investors" as that term is
defined  in  the  Securities  Act of  1933  and  the  rules  promulgated  by the
Securities  and  Exchange  Commission.  The  Offering  shall be conducted by the
Company on a best  efforts  basis and shall be  structured  to provide  that the
securities be sold from time to time.

     We plan to seek  additional  equity or debt  financing  of up to $3 million
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 into
the US market.

     The Company  anticipates  that this  expansion  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.

     If the Company is successful in raising capital, the Company plans to enter
the United States market towards the end of 2005,  using the same technology and
format as that used in Australia. The Company plans to set up an office and call
center  in an as yet to be  determined  location,  and  plans to  duplicate  the
structure already in place in Australia.  Initial expenses for the United States
operations  will include:  leasing  suitable  facilities  in the United  States;
purchasing or leasing sufficient  operating  equipment,  primarily computers and
phone  systems;   hiring  sufficient  staff  for  the  Company's  United


                                      -19-
<PAGE>

States operations;  and producing sufficient promotional materials.  The Company
has  budgeted to spend $2.5  million  dollars in  developing  the United  States
market.

     There is no guarantee  that the Company will be successful in expanding its
operations to  non-Australian  markets or that if it does that its marketing and
sales endeavors outside Australia will be successful.

     The  Company's  operations  in Brisbane,  Queensland,  Australia  currently
employs  approximately  six people.  The number of employees  in  Australia  may
increase  throughout  2005 if the Company is able to increase its operations and
expand its customer base. If the Company is successful in raising  capital,  the
Company plans to spend an additional  $200,000  during the next twelve months in
expanding its Australian customer base, establishing new merchants and expanding
its product base.  Specifically,  such spending  shall  include  advertising  in
media,  both print and  electronic,  direct mail  marketing and consumer  member
promotions.

     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 operation.

     We expect to purchase  approximately  $300,000 in equipment in the next two
years to be in our call center operations.

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 of the Company, supervised and participated in this
evaluation. Based on this evaluation, Mr. Thomas concluded that, as of the date
of the 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.

                           PART II - OTHER INFORMATION

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

None.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits: Exhibits required to be attached by Item 601 of Regulation S-B are
listed below:

31.1      Certification  of  Maxwell  Thomas  pursuant  to  Section  302  of the
          Sarbanes-Oxley Act of 2002.

32.1      Certification  of  Maxwell  Thomas  pursuant  to  Section  906  of the
          Sarbanes-Oxley Act of 2002.

(b) Reports on Form 8-K: No reports on Form 8-K were filed during the period
covered by this Form 10Q-SB.


                                      -20-
<PAGE>


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, this 26th day of October, 2005.

                                                     Maximum Awards Inc
                                                     /s/ Maxwell Thomas
                                                     ---------------------------
                                                     Maxwell Thomas
                                                     Chief Executive Officer and
                                                     Chief Financial Officer



                                      -21-