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

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**ACCELERATED      ACQUISITIONS I, INC.**

**-      INDEX -**

|                                                                         |                                                                                                                                                                                                                                     | Page(s)                   |
|------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|
| ** ****PART                I – FINANCIAL INFORMATION:** |                                                                                                                                                                                                                                     |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                1.                                                       | Financial                Statements (unaudited):                                                                                                                                                                                         |                      |
|                                                                         |                                                                                                                                                                                                                                     |                      |
|                                                                         | Balance                Sheet as of September 30, 2008                                                                                                                                                                                    | F-1                       |
|                                                                         |                                                                                                                                                                                                                                     |                      |
|                                                                         | Statements                of Operations for the three months ended September 30, 2008 and for                the                Cumulative Period from Inception (February 15, 2008) to September                30,                2008 | F-2                       |
|                                                                         |                                                                                                                                                                                                                                     |                      |
|                                                                         | Statements                of Cash Flows for the Cumulative Period from Inception                                                                                                                                                         |                      |
|                                                                         | (February                15, 2008) to September 30, 2008                                                                                                                                                                                 | F-3                       |
|                                                                         |                                                                                                                                                                                                                                     |                      |
|                                                                         |  Notes                to Financial Statements                                                                                                                                                                                       | F-4 – F-8 |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item 2.                                                                 | Management's                Discussion and Analysis of Financial Condition and Results of                Operations                                                                                                                      | 1                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                3**.**                                                   | Quantitative                and Qualitative Disclosures About Market Risk                                                                                                                                                                | 3                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
|  Item 4A(T).                Controls and Procedures                | 3                                                                                                                                                                                                                                        |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| ** ****PART                II – OTHER INFORMATION:**    |                                                                                                                                                                                                                                     |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                1.                                                       | Legal                Proceedings                                                                                                                                                                                                         | 3                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                2.                                                       | Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                                               | 3                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                3.                                                       | Defaults                Upon Senior Securities                                                                                                                                                                                           | 3                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                4.                                                       | Submission                of Matters to a Vote of Security Holders                                                                                                                                                                       | 3                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item                5.                                                       | Other                Information                                                                                                                                                                                                         | 3                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
| Item 6.                                                                 | Exhibits                                                                                                                                                                                                                                 | 4                         |
|                                                                         |                                                                                                                                                                                                                                     |                      |
|  Signatures                                                             | 4                                                                                                                                                                                                                                        |

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**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**BALANCE      SHEET**

**(unaudited)**

|                                                                                                                                                      |   | **September 30** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|--------|
|                                                                                                                                                      |   | **2008**              |   |
|  **ASSETS**                                                                                                                                          |   |                  |        |   |
|                                                                                                                                                      |   |                  |        |   |
| **CURRENT                  ASSETS:**                                                                                                                      |   |                  |        |   |
| Cash                  and cash equivalents                                                                                                                |   | **$**                 | 1,191  |   |
|                                                                                                                                                      |   |                  |        |   |
| **TOTAL                  ASSETS**                                                                                                                         |   | **$**                 | 1,191  |   |
|                                                                                                                                                      |   |                  |   |   |
|  LIABILITIES                  AND STOCKHOLDER’S EQUITY                                                                                         |   |                  |        |   |
|                                                                                                                                                      |   |                  |        |   |
| **CURRENT                  LIABILITIES**                                                                                                                  |   |                  |        |   |
|  Accounts                  payable                                                                                                                   |   | **$**            | 1,450  |   |
|                                                                                                                                                      |   |                  |   |   |
| **TOTAL                  LIABILITIES**                                                                                                                    |   |                  | 1,450  |   |
|                                                                                                                                                      |   |                  |   |   |
| **STOCKHOLDER’S                  EQUITY:**                                                                                                          |   |                  |        |   |
| Preferred                  stock, $.0001 par value; 10,000,000 shares authorized; none issued                  and                  outstanding           |   |                  | -      |   |
| Common                  stock, $.0001 par value; 100,000,000 shares authorized; 5,000,000                  shares                  issued and outstanding |   |                  | 500    |   |
| Additional                  paid-in capital                                                                                                               |   |                  | 7500   |   |
| Deficit                  accumulated during the development stage                                                                                         |   |                  | (8,259 | ) |
|                                                                                                                                                      |   |                  |        |   |
| **TOTAL                  STOCKHOLDER’S EQUITY**                                                                                                     |   |                  | 259    |   |
|                                                                                                                                                      |   |                  |        |   |
| **TOTAL                  LIABILITIES AND STOCKHOLDER’S EQUITY**                                                                                     |   | **$**                 | 1,191  |   |

**See      notes to unaudited financial statements.**

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**STATEMENTS      OF OPERATIONS**

**(unaudited)**

|                                                                    |   | **For the three****months ended****Sept.                30, 2008** |      | **For the****Cumulative****Period from****Inception****(February                15, 2008) through****Sept.                30,****2008** |   |
|-------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                    |   |                                                                              |      |                                                                                                                                                   |   |
| **REVENUE**                                                             |   | **$**                                                                             | **-**     |                                                                                                                                                   | $      | **-** |   |
|                                                                    |   |                                                                              |           |                                                                                                                                                   |   |  |   |
| General                and administrative expenses                      |   |                                                                              | 2,700     |                                                                                                                                                   |   | 8,259 |   |
|                                                                    |   |                                                                              |           |                                                                                                                                                   |   |   |   |
| **NET                PROFIT/(LOSS)**                                    |   | **$**                                                                             | (2,700    | )                                                                                                                                                      | $      | (8,259 | ) |
|                                                                    |   |                                                                              |           |                                                                                                                                                   |   |  |   |
| **BASIC                AND DILUTED NET LOSS PER SHARE**                 |   | **$**                                                                             | (0.00     | )                                                                                                                                                      | $      | (0.00 | ) |
|                                                                    |   |                                                                              |           |                                                                                                                                                   |   |  |   |
| **WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING** |   |                                                                              | 5,000,000 |                                                                                                                                                   |   | 5,000,000 |   |

**See      notes to unaudited financial statements.**

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**STATEMENTS      OF CASH FLOWS**

**(unaudited)**

|                                                                                                            |   |         |                                 |   | **For the****Cumulative****Period from****Inception****(February                  15,****2008)****through****Sept.                  30,****2008** |   |
|-----------------------------------------------------------------------------------------------------------------|--------|--------------|--------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                            |   |         |                                 |   |                                                                                                                                                        |   |
| **CASH                  FLOWS FROM OPERATING ACTIVITIES:**                                                      |   |         |                                 |   |                                                                                                                                                        |        |   |
| Net                  loss                                                                                       |   |         |                                 |   | $                                                                                                                                                           | (8,259 | ) |
| Adjustments                  to reconcile net (loss) to net cash used in operating                  activities: |   |         |                                 |   |                                                                                                                                                        |        |   |
| **Change                  in accounts payable**                                                                 |   |         |                                 |   |                                                                                                                                                        | 1,450  |   |
| **Net                  cash used in operating activities**                                                      |   |         |                                 |   |                                                                                                                                                        | (6,809 | ) |
|                                                                                                            |   |         |                                 |   |                                                                                                                                                        |        |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES:**                                                      |   |         |                                 |   |                                                                                                                                                        |        |   |
| Proceeds                  from the issuance of common stock                                                     |   |         |                                 |   |                                                                                                                                                        | 8,000  |   |
| **Net                  cash provided by financing activities**                                                  |   |         |                                 |   |                                                                                                                                                        | 8,000  |   |
|                                                                                                            |   |         |                                 |   |                                                                                                                                                        |        |   |
| **NET                  (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS**                                       |   |         |                                 |   |                                                                                                                                                        | 1,191  |   |
|                                                                                                            |   |         |                                 |   |                                                                                                                                                        |        |   |
| Cash                  and cash equivalents at beginning of period                                               |   |         |                                 |   |                                                                                                                                                        | -      |   |
|                                                                                                            |   |         |                                 |   |                                                                                                                                                        |        |   |
| **CASH                  AND CASH EQUIVALENTS AT END OF PERIOD**                                                 |   |    |        |   | $                                                                                                                                                           | 1,191  |   |

**See      notes to unaudited financial statements.**

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2008**

| **NOTE 1** | ** -** | **ORGANIZATION                AND SUMMARY OF SIGNIFICANT ACCOUNTING                POLICIES:** |
|-----------------|-------------|------------------------------------------------------------------------------------------------|

|   | ***(a)*** | ***Organization                and Business:*** |
|--------|-----------|-------------------------------------------------|

|   | ***(b)*** | ***Basis                of Presentation/Going                Concern:*** |
|--------|-----------|--------------------------------------------------------------------------|

|   | ***(c)*** | ***Use                of Estimates:*** |
|--------|-----------|----------------------------------------|

|   | ***(d)*** | ***Cash                and Cash Equivalents:*** |
|--------|-----------|-------------------------------------------------|

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2008**

| **NOTE 1** | ** -** | **ORGANIZATION                AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                (Continued):** |
|-----------------|-------------|------------------------------------------------------------------------------------------------------------|

|   | ***(e)*** | ***Income                Taxes:*** |
|--------|-----------|------------------------------------|

|   | ***(f)*** | ***Loss                per Common Share:*** |
|--------|-----------|---------------------------------------------|

|   | ***(g)*** | ***Fair                Value of Financial                Instruments:*** |
|--------|-----------|--------------------------------------------------------------------------|

| **NOTE 2** | **-** | **CAPITAL                STOCK:** |
|-----------------|-------|-----------------------------------|

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2008**

| **NOTE 2** | **-** | **CAPITAL                STOCK (Continued):** |
|-----------------|-------|-----------------------------------------------|

| **NOTE 3** | **-** | **RECENT                ACCOUNTING PRONOUNCEMENTS:** |
|-----------------|-------|------------------------------------------------------|

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2008**

| **NOTE 3** | **-** | **RECENT                ACCOUNTING PRONOUNCEMENTS                (Continued):** |
|-----------------|-------|---------------------------------------------------------------------------------|

*Disclosures      about Derivative Instruments and Hedging Activities.*

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**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**SEPTEMBER      30, 2008**

| **NOTE 4** | **-** | **INTERIM                FINANCIAL STATEMENTS:** |
|-----------------|-------|--------------------------------------------------|

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

***Results      of Operations***

***Liquidity      and Capital Resources***

| Operating                activities |   | $      | (6,809 | )      |
|-------------------------------------|--------|--------|--------|--------|
| Investing                activities |   |   | -      |   |
| Financing                activities |   | $      | 8,000  |   |
|                                |   |   |   |   |
| Net                effect on cash   |   | $      | 1,191  |   |

***Plan      of Operations***

----

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

|   | (ii) | consummating                an acquisition.  |
|--------|------|---------------------------------------------------|

***Off-Balance      Sheet Arrangements***

** **

----

**ITEM      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET      RISK**

**Item      4A(T). CONTROLS AND PROCEDURES**

*Evaluation      of Disclosure Controls and Procedures*

*Changes      in Internal Control Over Financial Reporting*

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

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

**Item      3. Defaults Upon Senior Securities.**

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

**Item      5. Other Information.**

----

**Item      6. Exhibits.**

| ExhibitNo. |   | Description                                                                                                                                                                                                                                                                                                                                           |
|------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |   |                                                                                                                                                                                                                                                                                                                                                  |
| 31         |   | Certification                of the Company’s Principal Executive Officer and 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 September 30, 2008. |
|       |   |                                                                                                                                                                                                                                                                                                                                                  |
| 32         |   | 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**

| Dated:                November 10, 2008 |                                                |                                       |
|-----------------------------------------|-----------------------------------------------------|--------------------------------------------|
|                                    | **ACCELERATED                ACQUISITIONS I, INC.** |
|                               |                                           |                                  |
|                                    | By:                                       | /s/ *Timothy                J. Neher* |
|                                    |                                                | Timothy                J. Neher            |
|                                    |                                                | President                                  |

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**EXHIBIT      INDEX**

| ExhibitNo. |   | Description                                                                                                                                                                                                                                                  |
|------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|       |   |                                                                                                                                                                                                                                                         |
| 31         |   | Certification                of Principal Executive Officer and Principal Financial Officer filed                pursuant to Section 302 of the Sarbanes-Oxley Act of                2002.                                                                   |
|       |   |                                                                                                                                                                                                                                                         |
| 32         |   | Certification                of Principal Executive Officer and Principal Financial Officer furnished                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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