U.S.
SECURITIES AND EXCHANGE COMMISSION


Washington,
D.C. 20549





FORM
10-Q





x
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





For the
quarterly period ended March 31, 2010





 ̈
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE


SECURITIES
EXCHANGE ACT OF 1934





For the
transition period from to





Commission
file number 000-53136





Accelerated Acquisitions I,
Inc.


(Exact
name of small business issuer as specified in its charter)





Delaware


(State or
other jurisdiction of incorporation or organization)





26-2012582


(I.R.S.
Employer Identification Number)





122 Ocean Park Blvd. Suite
307, Santa Monica, CA 90405


(Address
of Principal Offices)





(310)
396-1691


(Issuer’s
Telephone Number)





No
change


(Former
name, former address and former fiscal year, if changed since last
report)





Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes x No
 ̈.





Indicate
by check mark whether the registrant has submitted electronically and posted on
its corporate Website, if any, every interactive
Data File  required to be submitted and posted pursuant to Rule
405 of Regulation  S-T  during  the preceding 12
months
(or  for  such  shorter  period  that  the  registrant  was
required to submit and post such files).   ̈
Yes  No  ̈





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.





Large Accelerated
                Filer
                o
              Accelerated
                Filer  ̈
              Non-Accelerated Filer
                 ̈ (Do not check if a
                smaller reporting
                company)
              Smaller Reporting
                Company
                þ




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




APPLICABLE
ONLY TO CORPORATE ISSUERS





State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practicable date: 5,000,000 shares of common stock, par value
$.0001 per share, outstanding as of May 1, 2010.





Transitional
Small Business Disclosure Format (Check
one):       Yes  ̈      
No x





ACCELERATED
ACQUISITIONS I, INC.





-
INDEX -




Page(s)PART
      I – FINANCIAL INFORMATION:Item
      1.
                  Financial
      Statements (unaudited):Balance
      Sheets as of March 31, 2010 and December 31, 2009
                  F-1Statements
      of Operations for the three months ended March 31, 2010 and March 31, 2009
      and for the Cumulative Period from Inception (February 15, 2008) to March
      31, 2010
                  F-2Statements
      of Cash Flows for the three months ended March 31, 2010 and for the
      Cumulative Period from Inception (February 15, 2008) to March 31,
      2010
                  F-3Notes
      to Financial Statements
                  F-4 – F-7Item 2.
                  Management's
      Discussion and Analysis of Financial Condition and Results of
      Operations
                  3Item
      3.
                  Quantitative
      and Qualitative Disclosures About Market Risk
                  5Item 4T.
      Controls and Procedures
                  5PART
      II – OTHER INFORMATION:Item
      1.
                  Legal
      Proceedings
                  5Item
      2.
                  Unregistered
      Sales of Equity Securities and Use of Proceeds
                  5Item
      3.
                  Defaults
      Upon Senior Securities
                  5Item
      4.
                  Submission
      of Matters to a Vote of Security Holders
                  6Item
      5.
                  Other
      Information
                  6Item 6.
                  Exhibits
                  6Signatures
                  6




2


ACCELERATED ACQUISITIONS I,
INC.


A
Development Stage Company


BALANCE
SHEETS




March 31,
                  
                  
                  December
                    31,2010
                  
                  
                  2009(unaudited)
                  
                  
                  (audited)ASSETSCURRENT
      ASSETS:Cash
      and cash equivalents,
                  
                  $
                  -
                  
                  
                  $
                  -TOTAL
      ASSETS
                  
                  $
                  -
                  
                  
                  $
                  -LIABILITIES
      AND STOCKHOLDER’S DEFICITCURRENT
      LIABILITIESAccrued
      expenses
                  
                  $
                  -
                  
                  
                  $
                  4,442Shareholder
      advances
                  
                  
                  9,828
                  
                  
                  
                  5,186TOTAL
      LIABILITIES
                  
                  $
                  9,828
                  
                  
                  $
                  9,628STOCKHOLDER’S
      DEFICIT EQUITY:Preferred
      stock, $.001 par value; 10,000,000 shares authorized; none issued and
      outstanding
                  
                  
                  
                  
                  
                  
                  -Common
      stock, $.001 par value; 100,000,000 shares authorized; 5,000,000 shares
      issued and outstanding at March 31, 2010 and December 31,
    2009
                  
                  
                  500
                  
                  
                  
                  500Additional
      paid-in capital
                  
                  
                  7,500
                  
                  
                  
                  7,500Deficit
      accumulated during the development stage
                  
                  
                  (17,828
                  )
                  
                  
                  (17,628
                  )TOTAL
      STOCKHOLDER’S DEFICIT
                  
                  
                  (9,828
                  )
                  
                  
                  (9,628
                  )TOTAL
      LIABILITIES AND STOCKHOLDER’S DEFICIT
                  
                  $
                  691
                  
                  
                  $
                  691





See
notes to unaudited financial statements.


F-1


ACCELERATED
ACQUISITIONS I, INC.


(A
Development Stage Company)


Statements
of Operations


(Unaudited)




Three Mos.
                            Ended
                            March 31,
                            2010
                          
                          
                          Three Mos.
                            Ended
                            March 31,
                            2009
                          
                          
                          Feb 15,
                            2008
                            (Inception)
                            through
                            March 31,
                            2010Revenues
                          
                          $
                          -
                          
                          
                          $
                          -
                          
                          
                          $
                          -Operating
      ExpensesGeneral
      and administrative
                          
                          
                          200
                          
                          
                          
                          1,750
                          
                          
                          
                          17,828Net
      Operating Expenses
                          
                          
                          200
                          
                          
                          
                          1,750
                          
                          
                          
                          17,828Net
      Loss
                          
                          $
                          (200
                          )
                          
                          $
                          (1,750
                          )
                          
                          $
                          17,828Basic
      earnings (loss)  per share—Basic and Diluted
                          
                          $
                          (0.00
                          )
                          
                          $
                          (0.00
                          )Weighted
      average number of common shares outstanding
                          
                          
                          5,000,000
                          
                          
                          
                          5,000,000




see
notes to unaudited financial statements.


F-2


ACCELERATED ACQUISITIONS I,
INC.


A
Development Stage Company


STATEMENTS OF CASH
FLOWS


(unaudited)





For the
                    Three
                    Months
                    ended
                    March 31,
                    2010
                  
                  
                  For the
                    Cumulative
                    Period from
                    Inception
                    (February
                    15, 2008)
                    through
                    March 31,
                    2010CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      loss
                  
                  $
                  (200
                  )
                  
                  $
                  (17,828
                  )Increase
      (decrease) in accounts payable
                  
                  
                  (4,442
                  )
                  
                  
                  -Net
      cash used by operating activities
                  
                  
                  (4,642
                  )
                  
                  
                  (17,828
                  )CASH
      FLOWS FROM FINANCING ACTIVITIES:Proceeds
      from the issuance of common stock
                  
                  
                  -
                  
                  
                  
                  8,000Shareholder
      Advances
                  
                  
                  4,642
                  
                  
                  
                  9,828Net
      cash provided by financing activities
                  
                  
                  4,642
                  
                  
                  
                  17,828NET
      (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
                  
                  
                  -
                  
                  
                  
                  -Cash
      and cash equivalents at beginning of period
                  
                  
                  -
                  
                  
                  
                  -CASH
      AND CASH EQUIVALENTS AT END OF PERIOD
                  
                  $
                  -
                  
                  
                  $
                  -




See notes to
unaudited financial statements.


F-3


ACCELERATED ACQUISITIONS I,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


MARCH 31,
2010





NOTE 1
            -      ORGANIZATION
      AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES:





(a)
            Organization
      and Business:




Accelerated
Acquisitions I, Inc. (“the Company”) was incorporated in the state of Delaware
on February 15, 2008 for the purpose of raising capital that is intended to be
used in connection with its business plan which may include a possible merger,
acquisition or other business combination with an operating
business.





The
Company is currently in the development stage. All activities of the Company to
date relate to its organization, initial funding and share
issuances.





(b)
            Basis
      of Presentation





The
accompanying Interim Financial Statements are unaudited and have been prepared
in accordance with accounting principles generally accepted for interim
financial statement presentation and in accordance with the instructions to
Regulations S-K.  Accordingly, they do not include all of the
information and footnotes required by accounting principles generally accepted
in the United States for complete financial statement presentation. In the
opinion of management, all adjustments for a fair statement of the results and
operations and financial position for the interim periods presented have been
included.  All such adjustments are of a normal recurring nature. The
financial information should be read in conjunction with the Financial
Statements and notes thereto included in the Company’s Form 10-K Annual Report
for the year ended December 31, 2009 and the Company’s Registration Statement on
Form 10. The March 31, 2010 consolidated financial statements presented herein
may not be indicative of the results of the Company for the year ending December
31, 2010.





(c)
            Going
      Concern




The
accompanying financial statements have been prepared on a going concern basis,
which assumes the Company will realize its assets and discharge its liabilities
in the normal course of business. As reflected in the accompanying financial
statements, the Company has a deficit accumulated during the development stage
of $17,828, used cash from operations of $17,828 since its inception, and has
negative working capital of $9,828 at March 31, 2010. 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. The Company’s ability to continue as a going concern is also
dependent on its ability to find a suitable target company and enter into a
possible reverse merger with such company. Management’s plan includes obtaining
additional funds by equity financing through a reverse merger transaction and/or
related party advances, however there is no assurance of additional funding
being available. These conditions raise substantial doubt about the Company’s
ability to continue as a going concern. The accompanying financial statements do
not include any adjustments that might arise as a result of this
uncertainty.




(d)
            Use
      of Estimates:




The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires management to make estimates
and assumptions that affect the amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the balance sheet and
reported amounts of revenues and expenses during the reporting period. Actual
results could differ from those estimates.


F-4


ACCELERATED ACQUISITIONS I,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


MARCH 31,
2010





NOTE 2
            -      INCOME
      TAXES:




The
Company has incurred net operating losses since inception. The Company has not
reflected any benefit of such net operating loss carry forward in the financial
statements.




In
assessing the realization of deferred tax assets, management considers whether
it is more likely than not that some portion or all of the deferred tax assets
will not be realized. The ultimate realization of deferred tax assets is
dependent upon the generation of future taxable income.




Based on
the level of historical taxable losses and projections of future taxable income
(losses) over the periods in which the deferred tax assets can be realized,
management currently believes that it is more likely than not that the Company
will not realize the benefits of these deductible differences. Accordingly, the
Company has provided a valuation allowance against the gross deferred tax assets
as follows:




March 31, 2009
                    
                    
                    December 31, 2009Gross
      deferred tax assets
                    
                    
                    6,000
                    
                    
                    
                    6,000Valuation
      allowance
                    
                    
                    (6,000
                    )
                    
                    
                    (6,000
                    )Net
      deferred tax asset
                    
                    
                    —
                    
                    
                    
                    —




As of
March 31, 2010 $18,000 The federal net operating loss carryforwards expire in
the tax years 2028 and  2029.




Federal
tax laws impose significant restrictions on the utilization of net operating
loss carryforwards and research and development credits in the event of a change
in ownership of the Company, as defined by the Internal Revenue Code Section
382. The Company’s net operating loss carryforwards and research and development
credits may be subject to the above limitations.




The
relevant FASB standard resulted in no adjustments to the Company’s liability for
unrecognized tax benefits. As of both the date of adoption and as of March 31.
2009 there were no unrecognizable tax benefits. Accordingly, a tabular
reconciliation from beginning to ending periods is not provided. The Company
will classify any future interest and penalties as a component of income tax
expense if incurred. To date, there have been no interest or penalties charged
or accrued in relation to unrecognized tax benefits.  The Company is
subject to federal and state examinations for the year 2008 forward. There are
no tax examinations currently in progress.




NOTE 3
            -      RECENT
      ACCOUNTING PRONOUNCEMENTS:





In
February 2010, the FASB issued amended guidance on subsequent events to
alleviate potential conflicts between FASB guidance and SEC requirements. Under
this amended guidance, SEC filers are no longer required to disclose the date
through which subsequent events have been evaluated in originally issued and
revised financial statements. This guidance was effective immediately and we
adopted these new requirements for the period ended March 31, 2010. The
adoption of this guidance did not have a material impact on our financial
statements.


F-5


ACCELERATED ACQUISITIONS I,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


MARCH 31,
2010





NOTE 3
            -      RECENT
      ACCOUNTING PRONOUNCEMENTS (CON’T):





In
February 2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-08 (ASU 2010-08), Technical Corrections to Various Topics.
This amendment eliminated inconsistencies and outdated provisions and provided
the needed clarifications to various topics within Topic 815.  The
amendments are effective for the first reporting period (including interim
periods) beginning after issuance (February 2, 2010), except for certain
amendments.  The amendments to the guidance on accounting for income
taxes in a reorganization (Subtopic 852-740) should be applied to
reorganizations for which the date of the reorganization is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008.  For those reorganizations reflected in interim financial
statements issued before the amendments in this Update are effective,
retrospective application is required.  The clarifications of the
guidance on the embedded derivates and hedging (Subtopic 815-15) are effective
for fiscal years beginning after December 15, 2009, and should be applied to
existing contracts (hybrid instruments) containing embedded derivative features
at the date of adoption.  The Company does not expect the provisions
of ASU 2010-08 to have a material effect on the financial position, results of
operations or cash flows of the Company.





In
January 2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-07 (ASU 2010-07), Not-for-Profit Entities (Topic 958):
Not-for-Profit Entities: Mergers and Acquisitions.  This amendment to
Topic 958 has occurred as a result of the issuance of FAS 164.  The
Company does not expect the provisions of ASU 2010-07 to have a material effect
on the financial position, results of operations or cash flows of the
Company.





In
January 2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-06 (ASU 2010-06), Fair Value Measurements and Disclosures
(Topic 820): Improving Disclosures about Fair Value
Measurements.  This amendment to Topic 820 has improved disclosures
about fair value measurements on the basis of input received from the users of
financial statements.  This is effective for interim and annual
reporting periods beginning after December 15, 2009, except for the disclosures
about purchases, sales, issuances, and settlements in the roll forward of
activity in Level 3 fair value measurements.  Those disclosures are
effective for fiscal years beginning after December 15, 2010, and for interim
periods within those fiscal years.  Early adoption is
permitted.  The Company does not expect the provisions of ASU 2010-06
to have a material effect on the financial position, results of operations or
cash flows of the Company.





In
January 2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-05 (ASU 2010-05), Compensation – Stock Compensation (Topic
718).  This standard codifies EITF Topic D-110 Escrowed Share
Arrangements and the Presumption of Compensation.





In
January 2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-04 (ASU 2010-04), Accounting for Various Topics—Technical
Corrections to SEC Paragraphs.




In
January 2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-03 (ASU 2010-03), Extractive Activities—Oil and Gas (Topic
932): Oil and Gas Reserve Estimation and Disclosures.  This amendment
to Topic 932 has improved the reserve estimation and disclosure requirements by
(1) updating the reserve estimation requirements for changes in practice and
technology that have occurred over the last several decades and (2) expanding
the disclosure requirements for equity method investments.  This is
effective for annual reporting periods ending on or after December 31,
2009.  However, an entity that becomes subject to the disclosures
because of the change to the definition oil- and gas- producing activities may
elect to provide those disclosures in annual periods beginning after December
31, 2009.  Early adoption is not permitted.  The Company
does not expect the provisions of ASU 2010-03 to have a material effect on the
financial position, results of operations or cash flows of the
Company.


F-6


ACCELERATED ACQUISITIONS I,
INC.


A
Development Stage Company


NOTES TO FINANCIAL
STATEMENTS


MARCH 31,
2010





NOTE 3
            -      RECENT
      ACCOUNTING PRONOUNCEMENTS (CON’T):





InJanuary 2010,
the FASB issued Accounting Standards Update 2010-02, Consolidation (Topic 810):
Accounting and Reporting for Decreases in Ownership of a
Subsidiary.  This amendment to Topic 810 clarifies, but does
not change, the scope of current US GAAP.  It clarifies the decrease
in ownership provisions of Subtopic 810-10 and removes the potential conflict
between guidance in that Subtopic and asset derecognition and gain or loss
recognition guidance that may exist in other US GAAP.  An entity will
be required to follow the amended guidance beginning in the period that it first
adopts FAS 160 (now included in Subtopic 810-10).  For those entities
that have already adopted FAS 160, the amendments are effective at the beginning
of the first interim or annual reporting period ending on or after December 15,
2009. The amendments should be applied retrospectively to the first period that
an entity adopted FAS 160.  The Company does not expect the provisions
of ASU 2010-02 to have a material effect on the financial position, results of
operations or cash flows of the Company.





In
January 2010, the FASB issued Accounting Standards Update 2010-01, Equity (Topic
505): Accounting for Distributions to Shareholders with Components of Stock and
Cash (A Consensus of the FASB Emerging Issues Task Force).  This
amendment to Topic 505 clarifies the stock portion of a distribution to
shareholders that allows them to elect to receive cash or stock with a limit on
the amount of cash that will be distributed is not a stock dividend for purposes
of applying Topics 505 and 260. Effective for interim and annual periods ending
on or after December 15, 2009, and would be applied on a retrospective
basis.  The Company does not expect the provisions of ASU 2010-01 to
have a material effect on the financial position, results of operations or cash
flows of the Company.


F-7


Item
2. Management’s Discussion and Analysis of Financial Condition and Results of
Operations.





Accelerated
Acquisitions I, Inc. (“we”, “our”, “us” or the “Company”) was organized as a
vehicle to investigate and, if such investigation warrants, acquire a target
company or business seeking the perceived advantages of being a publicly held
corporation. Our principal business objective for the next 12 months and beyond
such time will be to achieve long-term growth potential through a combination
with a business rather than immediate, short-term earnings. The Company will not
restrict our potential candidate target companies to any specific business,
industry or geographical location and, thus, may acquire any type of
business.





Results of
Operations





For the
three months ending March 31, 2010, the Company had no revenues and incurred
general and administrative expenses of $200.





For the
period from inception (February 15, 2008) through March 31, 2010, the Company
had no activities that produced revenues from operations and had a net loss of
$(17,378), due to legal, accounting, audit and other professional service fees
incurred in relation to the formation of the Company and the filing of the
Company’s Registration Statement on Form 10 filed in March 2008 and other
SEC-related compliance matters.





Liquidity
and Capital Resources





As of
March 31, 2010, the Company had assets equal to $0 and had current liabilities
of $9,828 as of March 31, 2010.





The
following is a summary of the Company's cash flows from operating, investing,
and financing activities:




For the
Cumulative Period from Inception (February 15, 2008) through March 31,
2010




Operating
      activities
                  
                  $
                  (17,828
                  )Investing
      activities
                  
                  
                  -Financing
      activities
                  
                  $
                  17,828Net
      effect on cash
                  
                  $
                  -




The
Company has nominal assets and has generated no revenues since inception. The
Company is also dependent upon the receipt of capital investment or other
financing to fund its ongoing operations and to execute its business plan of
seeking a combination with a private operating company. If continued funding and
capital resources are unavailable at reasonable terms, the Company may not be
able to implement its plan of operations.





Plan
of Operations





The
Company currently does not engage in any business activities that provide cash
flow. The costs of investigating and analyzing business combinations for the
next 12 months and beyond such time will be paid with money in our
treasury.


3


During
the next twelve months we anticipate incurring costs related to:





(i)
            filing
      of reports under the Securities Exchange Act of 1934, as amended (the
      “Exchange Act”), and





(ii)
            consummating
      an acquisition.





We
believe we will be able to meet these costs through use of funds in our
treasury, through deferral of fees by certain service providers and additional
amounts, as necessary, to be loaned to or invested in us by our sole
stockholder, management or other investors.





The
Company may consider a business which has recently commenced operations, is a
developing company in need of additional funds for expansion into new products
or markets, is seeking to develop a new product or service, or is an established
business which may be experiencing financial or operating difficulties and is in
need of additional capital. In the alternative, a business combination may
involve the acquisition of, or merger with, a company which does not need
substantial additional capital, but which desires to establish a public trading
market for its shares, while avoiding, among other things, the time delays,
significant expense, and loss of voting control which may occur in a public
offering.





Since our
Registration Statement on Form 10SB became effective, our officers and sole
director have had limited contact or discussions with representatives of other
entities regarding a business combination with us. Any target business that is
selected may be a financially unstable company or an entity in its early stages
of development or growth, including entities without established records of
sales or earnings. In that event, we will be subject to numerous risks inherent
in the business and operations of financially unstable and early stage or
potential emerging growth companies. In addition, we may effect a business
combination with an entity in an industry characterized by a high level of risk,
and, although our management will endeavor to evaluate the risks inherent in a
particular target business, there can be no assurance that we will properly
ascertain or assess all significant risks.





The
Company anticipates that the selection of a business combination will be complex
and extremely risky. Because of general economic conditions, rapid technological
advances being made in some industries and shortages of available capital, our
management believes that there are numerous firms seeking even the limited
additional capital which we will have and/or the perceived benefits of becoming
a publicly traded corporation. Such perceived benefits of becoming a publicly
traded corporation include, among other things, facilitating or improving the
terms on which additional equity financing may be obtained, providing liquidity
for the principals of and investors in a business, creating a means for
providing incentive stock options or similar benefits to key employees, and
offering greater flexibility in structuring acquisitions, joint ventures and the
like through the issuance of stock. Potentially available business combinations
may occur in many different industries and at various stages of development, all
of which will make the task of comparative investigation and analysis of such
business opportunities extremely difficult and complex.


4


Off-Balance
Sheet Arrangements




The
Company does not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on the Company’s financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that is
material to investors.





ITEM
3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK





As a
“smaller reporting company” as defined by Item 10 of Regulation S-K, the Company
is not required to provide information required by this Item.





ITEM
      4T.
            Controls
      and Procedures





Evaluation
of Disclosure Controls and Procedures





Under the
supervision and with the participation of our management, including our
principal executive officer and principal financial officer, we conducted an
evaluation of our disclosure controls and procedures, as such term is defined
under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
Exchange Act of 1934, as amended (Exchange Act), as of March 31, 2010. Based on
this evaluation, our principal executive officer and principal financial officer
have concluded that our disclosure controls and procedures are effective to
ensure that information required to be disclosed by us in the reports we file or
submit under the Exchange Act is recorded, processed, summarized, and reported
within the time periods specified in the Securities and Exchange Commission's
rules and forms and that our disclosure and controls are designed to ensure that
information required  to  be disclosed by us in the reports
that we file or submit under the Exchange Act is  accumulated and
communicated to our management, including our principal executive officer and
principal  financial  officer,  or  persons
performing  similar  functions,  as appropriate to
allow timely decisions regarding required disclosure.




Changes
in Internal Control Over Financial Reporting




There
were no changes (including corrective actions with regard to significant
deficiencies or material weaknesses) in our internal controls over financial
reporting that occurred during the first quarter of fiscal 2010 that has
materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.




PART II — OTHER
INFORMATION





Item
1. Legal Proceedings.





To the
best knowledge of the sole officer and sole director, the Company is not a party
to any legal proceeding or litigation.





Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.





None.





Item 3. Defaults Upon Senior
Securities.





None.


5


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





None.





Item 5. Other
Information.





None.




Item
6. Exhibits.




Exhibit
                  No.
                
                Description31.1
                
                Certification
      of the Company’s Principal Executive Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly
      Report on Form 10-Q for the quarter ended March 31,
  2010.31.2
                
                Certification
      of the Company’s Principal Financial Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly
      Report on Form 10-Q for the quarter ended March 31,
  2010.32.1
                
                Certification
      of the Company’s Principal Executive Officer and Principal Financial
      Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
      906 of the Sarbanes Oxley Act of
2002.





SIGNATURES





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




Dated:
      May 12, 2010ACCELERATED
      ACQUISITIONS I, INC.By:
                  /s/Timothy J. NeherTimothy
      J. NeherPresident




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EXHIBIT
INDEX





Exhibit
                No.
              
              Description31.1
              
              Certification
      of the Company’s Principal Executive Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly
      Report on Form 10-Q for the quarter ended March 31,
  2010.31.2
              
              Certification
      of the Company’s Principal Financial Officer pursuant to Section 302 of
      the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly
      Report on Form 10-Q for the quarter ended March 31,
  2010.32.1
              
              Certification
      of the Company’s Principal Executive Officer and Principal Financial
      Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
      906 of the Sarbanes Oxley Act of
2002.




7