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   October 31, 2007



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



For the transition period                  to



| |                                                    | 
| | -------------------------------------------------- | 
| | ACHIEVERS MAGAZINE INC.                            | 
| | (Exact name of registrant as specified in charter) | 



|                                               |  |                          |  |                                  
|---------------------------------------------- |  | ------------------------ |  | ---------------------------------
|Nevada                                         |  | 333-114564               |  | Pending                          
|(State or other jurisdiction
of incorporation) |  | (Commission File Number) |  | (IRS Employer
Identification No.)



| |                                                                   | 
| | ----------------------------------------------------------------- | 
| | 220 Cambie Street, Suite 400, Vancouver, British Columbia V6B 2MP | 
| | (Address of principal executive offices)                          | 



| |                                                      | 
| | ---------------------------------------------------- | 
| | (604) 689-3983                                       | 
| | (Registrants Telephone Number, including Area Code) | 



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  o   No  o



Indicate by check mark whether the registrant is a shell company (as defined in ule 12b-2 of the Exchange Act).

Yes o   No x



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 $0.0001 par value common stock outstanding as of December 6, 2007.







---



ACHIEVERS MAGAZINE, INC.

(A Development Stage Company)

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

October 31, 2007

(Unaudited)

(Stated in US Dollars)







---

ACHIEVERS MAGAZINE, INC.

(A Development Stage Company)

INTERIM CONSOLIDATED BALANCE SHEETS

October 31, 2007 and July 31, 2007

(Unaudited)

(Stated in US Dollars)





|                                                                   |                  |           |               |   |          
|------------------------------------------------------------------ | ---------------- | --------- | ------------- | - | ---------
|                                                                   | October 31,
2007 |           | July 31,
2007
|ASSETS                                                             |                 
|                                                                   |                  |           |               |   |          
|Current                                                            |                  |           |               |   |          
|Accounts receivable, net of allowance                              |                  |           |               |   |          
|for doubtful accounts of $15,466                                   | $                | -         |               | $ | -        
|                                                                   |                  |           |               |   |          
|LIABILITIES                                                        |                  |           |               |   |          
|Current                                                            |                  |           |               |   |          
|Bank indebtedness  Note C                                         |                  | 28,647    |               |   | 27,636   
|Accounts payable and accrued liabilities  Note D                  | $                | 448,424   |               | $ | 417,533  
|                                                                   |                  | 477,071   |               |   | 445,169  
|STOCKHOLDERS DEFICIENCY                                           |                  |           |               |   |          
|Common stock - $0.0001 par value75,000,000 shares authorized       |                  |           |               |   |          
|5,108,900 shares issued and outstanding
(July 31, 2007: 5,108,900) |                  | 511       |               |   | 511      
|Additional paid-in capital                                         |                  | 16,771    |               |   | 15,034   
|Deficit                                                            |                  | (210,594) |               |   | (210,594)
|Deficit accumulated during the development stage                   |                  | (273,359) |               |   | (240,348)
|Accumulated other comprehensive loss                               |                  | (10,400)  |               |   | (9,772)  
|                                                                   |                  | (477,071) |               |   | (445,169)
|                                                                   | $                | -         |               | $ | -        



SEE ACCOMPANYING NOTES







---

ACHIEVERS MAGAZINE, INC.

(A Development Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS

for the three months ended October 31, 2007 and 2006 and

for the period from August 1, 2005 (Date of Inception of the Development Stage)

to October 31, 2007

(Unaudited)

(Stated in US Dollars)



|                                              |                                |           |                                                                                 |   |           |  |   |           
|--------------------------------------------- | ------------------------------ | --------- | ------------------------------------------------------------------------------- | - | --------- |  | - | ----------
|                                              | Three months ended
October 31, |           | August 1, 2005
(Date of Inception of the Development Stage) to October 31,
2007
|                                              | 2007                           |           | 2006                                                                            |  
|Revenue                                       | $                              | -         |                                                                                 | $ | -         |  | $ | -         
|Operating expenses                            |                                |           |                                                                                 |   |           |  |   |           
|Accounting and audit fees                     |                                | 17,308    |                                                                                 |   | 8,980     |  |   | 62,866    
|Bad debt expense                              |                                | -         |                                                                                 |   | -         |  |   | 4,168     
|Bank charges and interest  Note D            |                                | 2,518     |                                                                                 |   | 2,074     |  |   | 11,567    
|Executive compensation  Note D               |                                | 7,364     |                                                                                 |   | 20,071    |  |   | 138,384   
|Foreign exchange                              |                                | -         |                                                                                 |   | -         |  |   | 481       
|Legal fees                                    |                                | -         |                                                                                 |   | 321       |  |   | 2,321     
|Office and administration                     |                                | 680       |                                                                                 |   | 21        |  |   | 5,866     
|Rent  Note D                                 |                                | 4,418     |                                                                                 |   | 4,014     |  |   | 36,015    
|Telephone                                     |                                | 723       |                                                                                 |   | 498       |  |   | 4,998     
|Transfer agent and filing fees                |                                | -         |                                                                                 |   | 534       |  |   | 4,017     
|Travel and promotion                          |                                | -         |                                                                                 |   | 386       |  |   | 2,676     
|                                              |                                | 33,011    |                                                                                 |   | 36,899    |  |   | 273,359   
|Net loss for the period                       |                                | (33,011 ) |                                                                                 |   | (36,899 ) |  |   | (273,359 )
|Other comprehensive loss                      |                                |           |                                                                                 |   |           |  |   |           
|Foreign currency translation adjustment       |                                | (628)     |                                                                                 |   | (697)     |  |   | (13,952 ) 
|Comprehensive loss for the period             | $                              | (33,639)  |                                                                                 | $ | (37,596)  |  | $ | (296,653) 
|Basic and diluted loss per share              | $                              | (0.01)    |                                                                                 | $ | (0.01)    |  |   |           
|Weighted average number of shares outstanding |                                | 5,108,900 |                                                                                 |   | 5,108,900 |  |   |           



SEE ACCOMPANYING NOTES









---

ACHIEVERS MAGAZINE, INC.

(A Development Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

for the three months ended October 31, 2007 and 2006 and

for the period from August 1, 2005 (Date of Inception of the Development Stage)

to October 31, 2007

(Unaudited)

(Stated in US Dollars)



|                                                                   |                                |          |                                                                                 |   |          |  |   |          
|------------------------------------------------------------------ | ------------------------------ | -------- | ------------------------------------------------------------------------------- | - | -------- |  | - | ---------
|                                                                   | Three months ended
October 31, |          | August 1, 2005
(Date of Inception of the Development Stage) to October 31,
2007
|                                                                   | 2007                           |          | 2006                                                                            |  
|Operating Activities                                               |                                |          |                                                                                 |   |          |  |   |          
|Net loss for the period                                            | $                              | (33,011) |                                                                                 | $ | (36,899) |  | $ | (273,359)
|Add items not involving cash:                                      |                                |          |                                                                                 |   |          |  |   |          
|Bank charges and interest                                          |                                | 1,737    |                                                                                 |   | 1,463    |  |   | 5,982    
|Provision for bad debts                                            |                                | -        |                                                                                 |   | -        |  |   | 4,168    
|Changes in non-cash working capital balances
related to operations |                                |          |                                                                                 |   |          |  |   |          
|Accounts receivable                                                |                                | -        |                                                                                 |   | -        |  |   | 9,454    
|Prepaid expenses                                                   |                                | -        |                                                                                 |   | -        |  |   | 3,263    
|Accounts payable and accrued liabilities                           |                                | 30,891   |                                                                                 |   | 38,101   |  |   | 248,550  
|Cash provided by (used in) operating activities                    |                                | (383)    |                                                                                 |   | 2,665    |  |   | (1,942)  
|Financing Activity                                                 |                                |          |                                                                                 |   |          |  |   |          
|Increase in bank indebtedness                                      |                                | 1,011    |                                                                                 |   | (2,584)  |  |   | 13,779   
|Effect of foreign currency translation on cash                     |                                | (628)    |                                                                                 |   | (81)     |  |   | (11,837) 
|Change in cash during the period                                   |                                | -        |                                                                                 |   | -        |  |   | -        
|Cash, beginning of the period                                      |                                | -        |                                                                                 |   | -        |  |   | -        
|Cash, end of the period                                            | $                              | -        |                                                                                 | $ | -        |  | $ | -        
|Supplementary disclosure of cash flow information:                 |                                |          |                                                                                 |   |          |  |   |          
|Cash paid during the period:                                       |                                |          |                                                                                 |   |          |  |   |          
|Interest                                                           | $                              | 617      |                                                                                 | $ | 401      |  | $ | 4,749    
|                                                                   |                                |          |                                                                                 |   |          |  |   |          



SEE ACCOMPANYING NOTES







---

ACHIEVERS MAGAZINE, INC.

(A Development Stage Company)

INTERIM CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY

for the period February 13, 2003 (Date of Inception) to October 31, 2007

(Unaudited)

(Stated in US Dollars)







|                                                                          |   |              |  |   |           |  |   |            |  |   |             |  |   |               |  |   |               |  |   |            |  |   |          
|------------------------------------------------------------------------- | - | ------------ |  | - | --------- |  | - | ---------- |  | - | ----------- |  | - | ------------- |  | - | ------------- |  | - | ---------- |  | - | ---------
|                                                                          |   |              |  |   |           |  |   |            |  |   |             |  |   | Accumulated   |  |   | Accumulated   |  |   |            |  |   |          
|                                                                          |   |              |  |   |           |  |   | Additional |  |   |             |  |   | During the    |  |   | Other         |  |   | Stock      |  |   |          
|                                                                          |   | Common Stock |  |   | Paid-in   |  |   |            |  |   | Development |  |   | Comprehensive |  |   | Subscription  |  |   |           
|                                                                          |   | Number       |  |   | Par Value |  |   | Capital    |  |   | Deficit     |  |   | Stage         |  |   | Income (Loss) |  |   | Receivable |  |   | Total    
|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    |  |   | 11        |  |   | 10,789     |  |   | (210,594)   |  |   | -             |  |   | 3,462         |  |   | -          |  |   | (195,832)
|Net loss for the year                                                     |   | -            |  |   | -         |  |   | -          |  |   | -           |  |   | (138,522)     |  |   | -             |  |   | -          |  |   | (138,522)
|Foreign currency translation adjustment                                   |   | -            |  |   | -         |  |   | -          |  |   | -           |  |   |               |  |   | (4,287)       |  |   | -          |  |   | (4,287)  
|Balance, July 31, 2006                                                    |   | 5,108,900    |  |   | 511       |  |   | 10,789     |  |   | (210,594)   |  |   | (138,522)     |  |   | (825)         |  |   |            |  |   | (338,641)
|Donated interest                                                          |   | -            |  |   | -         |  |   | 4,245      |  |   | -           |  |   |               |  |   | -             |  |   |            |  |   | 4,245    
|Net loss for the year                                                     |   | -            |  |   | -         |  |   | -          |  |   | -           |  |   | (101,826)     |  |   | -             |  |   |            |  |   | (101,826)
|Foreign currency translation adjustment                                   |   | -            |  |   | -         |  |   | -          |  |   | -           |  |   |               |  |   | (8,947)       |  |   |            |  |   | (8,947)  
|Balance July 31, 2007                                                     |   |              |  |   | 511       |  |   | 15,034     |  |   | (210,594)   |  |   | (240,348)     |  |   | (9,772)       |  |   |            |  |   | (445,169)
|Donated interest                                                          |   | -            |  |   | -         |  |   | 1,737      |  |   |             |  |   |               |  |   |               |  |   |            |  |   | 1,737    
|Net loss for the three month period                                       |   | -            |  |   | -         |  |   | -          |  |   |             |  |   | (33,011)      |  |   |               |  |   |            |  |   | (33,011) 
|Foreign currency translation adjustment                                   |   | -            |  |   | -         |  |   | -          |  |   | -           |  |   |               |  |   | (628)         |  |   |            |  |   | (628)    
|Balance, October 31, 2007                                                 | $ | 5,108,900    |  | $ | 511       |  | $ | 16,771     |  | $ | (210,594)   |  | $ | (273,359)     |  | $ | (10,400)      |  | $ |            |  | $ | (477,071)



SEE ACCOMPANYING NOTES









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ACHIEVERS MAGAZINE, INC.

(A Development Stage Company)

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

October 31, 2007

(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, 2007 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 is a development stage public company and is listed on the United States Over-the-Counter Bulletin Board (OTC-BB).



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.  During the year ended July 31, 2007, and three months ended October 31, 2007, the Company was unable to generate sufficient advertising and editorial revenue to warrant the publication of a magazine.



At October 31, 2007, substantially all of the Companys assets and operations are located and conducted in Canada.



These consolidated 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 October 31, 2007, the Company had not yet achieved profitable operations, has accumulated losses of $483,953 since its inception, has a working capital deficiency of $477,071 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.







---







Achievers Magazine, Inc.

(A Development Stage Company)

Notes to the Interim Consolidated Financial Statements

October 31, 2007

(Unaudited)

(Stated in US Dollars)



NOTE C  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$29,200) and is secured by all assets of the Company and a personal guarantee by Mr. Arto Tavukciyan, the Companys president.



NOTE D  Related Party Transactions



The Company has an agreement with the President, Mr. Arto Tavukciyan, whereby the Company pays or accrues approximately CDN$2,500 monthly under the terms of this agreement, equivalent to approximately US$2,400 per month, for his services as our co-publisher and creative director.



The Company had a verbal consulting agreement with the Vice President of Editorial Production, Mr. Lyndon Grove, whereby the Company paid or accrued approximately CDN$2,500 monthly under the terms of this verbal agreement, equivalent to approximately US$2,400 per month, for his services as our editor.  This agreement was discontinued as of January 31, 2007.



The Company had a verbal consulting agreement with the Vice President of Sales and Marketing, Mr. Alexander Ozer, whereby the Company paid or accrued approximately CDN$2,500 monthly under the terms of this agreement, equivalent to approximately US$2,400 per month for his services as the co-publisher and sales director. This agreement was discontinued as of January 31, 2007.



The Company has a sublease agreement with One Man Ad Machine Ltd. (One Man), a private Canadian company owned by the President, whereby the Company rents office space from One Man and One Man provides various office services, as defined in the sublease agreement, to the Company at a fixed rate of approximately CDN$1,500 per month (approximately US$1,450), plus direct charges for out-of-pocket expenses and word processing services, as defined in the sublease agreement.  This agreement is in effect from month to month until terminated by One Man on one months notice or by the Company on two months notice.



During the three months ended October 31, 2007 and 2006, the Company incurred the following costs under the separate agreements as described above:



|                       |      |        |      |   |        |  |   |                 
|---------------------- | ---- | ------ | ---- | - | ------ |  | - | ----------------
|                       |      |        |      |   |        |  |   | August 1,       
|                       |      |        |      |   |        |  |   | 2005 (Date of   
|                       |      |        |      |   |        |  |   | Inception of the
|                       |      |        |      |   |        |  |   | Development     
|                       |      |        |      |   |        |  |   | Stage) to       
|                       |      |        |      |   |        |  |   | October 31,     
|                       | 2007 |        | 2006 |   | 2006  
|                       |      |        |      |   |        |  |   |                 
|Executive compensation | $    | 7,364  |      | $ | 20,071 |  | $ | 138,384         
|Rent                   |      | 4,418  |      |   | 4,014  |  |   | 36,015          
|                       | $    | 11,782 |      | $ | 24,085 |  | $ | 174,399         









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Achievers Magazine, Inc.

(A Development Stage Company)

Notes to the Interim Consolidated Financial Statements

October 31, 2007

(Unaudited)

(Stated in US Dollars)



NOTE D  Related Party Transactions  (contd)



Included in bank charges and interest is imputed interest of $1,737 (2006: $1,463) for non-interest bearing advances from directors and officers of the Company and a private company controlled by a Company director.



Included in accounts payable and accrued liabilities is $422,987 (July 31, 2007:  $399,223) due to directors and officers of the Company and a private company controlled by a Company director with respect to unpaid charges noted above and advances to the Company.  These amounts are unsecured, non-interest bearing and have no specific terms of repayment.







---





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 quarterly report.



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 report is to publish additional issues of Achievers Magazine.  We anticipate that the average cost to publish each issue of Achievers Magazine will continue to be $50,000.  As we currently have no cash on hand, we will need to raise additional funding in order to cover publishing costs.



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 $2,575 United States dollars) per month to our president, Mr. Arto Tavukciyan.



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 our obligations as a reporting issuer.



Total expenditures over the next 12 months are therefore expected to be $295,900, assuming that we will be able to publish two issues of Achievers Magazine during this period, of which there is no assurance.



Internal and External Sources of Liquidity



At October 31, 2007, we had no cash on hand.  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.  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 arrangements 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



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. During the years ended July 31, 2006 and 2007, we were unable to generate sufficient advertising and editorial revenue to warrant the publication of a magazine.



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.



The independent accountants that rendered audit opinions on our financial statements for the fiscal years ended July 31, 2007 and 2006 have indicated that there is substantial doubt about our ability to continue as a going concern.  They have indicated that our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due.  The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that we will be able to continue as a going concern.



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.  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.







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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 Three-Month Period Ended October 31, 2007



We did not earn any revenue from our operations during the three-month period ended October 31, 2007.  We incurred operating expenses in the amount of $33,011, plus a loss from foreign currency translation of $628.  Our operating expenses were comprised of $17,308 in accounting and audit fees, $7,364 in executive compensation, $4,418 in rent, $2,518 in bank charges and interest, $723 in telephone expense and $680 in office and administration fees.



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 October 31, 2007.  This evaluation was conducted by our chief executive officer and principal accounting officer, Arto Tavukciyan.



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.









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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 October 31, 2007.



ITEM 3.   DEFAULTS UPON SENIOR SECURITIES



None.



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



None.



ITEM 5.   OTHER INFORMATION



None.



ITEM 6.   EXHIBITS AND 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







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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.



|                         |  |     |                         | 
|------------------------ |  | --- | ----------------------- | 
|                         |  |     | Achievers Magazine Inc.
|                         |  |     |                        
|                         |  |     |                         | 
|DATED:  December 6, 2007 |  | By: | /s/ Arto Tavukciyan     | 
|                         |  |     | Arto Tavukciyan         | 
|                         |  |     | President               |