`UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                   FORM 10-Q


[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the quarterly period ended September 30, 2010

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934


For the transition periodfrom        to

Commission File Number: 0-53701


                            Mayquest Ventures, Inc.
-------------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

      Delaware
---------------------------------------    --------------------------------
(State or other jurisdiction of          (I.R.S. Employer Identification No.)
incorporation or organization)

                 c/o Hydrangea Holdings Ltd., 1 Glafkou Street
                        Office 1, 1085 Nicosia, Cyprus
-------------------------------------------------------------------------------
              (Address of principal executive offices) (Zip Code)

                                +357 22 511 880
-------------------------------------------------------------------------------
             (Registrant's telephone number, including area code)

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

      Indicate  by  check mark whether the registrant (1) has 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
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                                                                 [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically  and
posted  on its corporate Web site, if any, every Interactive Data File required
to  be  submitted   and   posted   pursuant  to  Rule  405  of  Regulation  S-T
({section}232.405 of this chapter) 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 [ ]              Accelerated filer [ ]

      Non-accelerated filer [ ]                Smaller reporting company [X]
      (Do not check if a smaller reporting company)

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

                                                                 [X] Yes [ ] No


               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                 PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate  by  check  mark  whether  the registrant has filed all documents  and
reports required to be filed by Sections  12,  13  or  15(d)  of the Securities
Exchange Act of 1934 subsequent to the distribution of securities  under a plan
confirmed by a court.

                                                                 [ ] Yes [ ] No


                     APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate  the  number of shares outstanding of each of the issuer's classes  of
common stock, as of the latest practicable date.

      Class                              Outstanding at September 30, 2010

Common Stock, par value $0.0001          31,340,000

Documents incorporated by reference:     None






TABLE OF CONTENTS

                            MAYQUEST VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)

                                     INDEX

                         PART I-FINANCIAL INFORMATION

ITEM 1   FINANCIAL STATEMENTS

Balance Sheets at September 30, 2010 and December 31, 2009

Statements of Operations for the Three and Six Months ended September 30, 2010
and for the period from February 9, 2009 (Inception) through September 30, 2010

Statement of Changes in Stockholders' Equity for the period February 9, 2009
(Inception) through September 30, 2010

Statements of Cash Flows for the Three and Six Months ended September 30,
2010 and for the period from February, 2009 (Inception) through September 30,
2010

Notes to Financial Statements as of September 30, 2010

ITEM 2      MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND
            RESULTS OF OPERATIONS

ITEM 3      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 4      CONTROLS AND PROCEDURES.


                          PART II - OTHER INFORMATION

ITEM 1      LEGAL PROCEEDING

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


SIGNATURES




                         PART I-FINANCIAL INFORMATION

ITEM 1      FINANCIAL STATEMENTS

                            MAYQUEST VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                    BALANCE SHEET AS OF SEPTEMBER 30, 2010
                                  (UNAUDITED)


                                                                          As of September                    As of
                                                                             30, 2010                  December 31, 2009
                                                                         ---------------               ---------------
                          ASSETS
Current Assets
             Cash                                                        $             -               $             -
                                                                          --------------                --------------
Total Current Assets                                                                   -                             -
                                                                          --------------                --------------
            TOTAL ASSETS                                                 $             -               $             -
                                                                          ==============                ==============
       LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities                                                      $             -               $             -
                                                                          --------------                --------------
Total Current Liabilities                                                              -                             -
                                                                          --------------                --------------
TOTAL LIABILITIES                                                                      -                             -

Stockholders' Equity (Deficit)
            Preferred stock, ($.0001 par value, 20,000,000                             -                             -
      shares authorized; none issued and outstanding.)
            Common stock ($.0001 par value, 250,000,000                            3,134                         3,134
      shares authorized; 31,340,000 shares issued and
      outstanding as of September 30, 2010)
           Deficit accumulated during development stage                           (3,134)                       (3,134)
                                                                          --------------                --------------
           Total Stockholders' Equity (Deficit)                                        -                             -
                                                                          --------------                --------------
TOTAL LIABILITIES &                                                      $             -               $             -
STOCKHOLDERS' EQUITY (DEFICIT)                                            ==============                ==============



See Notes to Financial Statements




                            MAYQUEST VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                  (UNAUDITED)



                                                                                  February 9,
                                                       For the      For the          2009
                                                       3-Months     6-Months      (Inception)
                                                        Ended        Ended         through
                                                      September     September      September
                                                       30, 2010     30, 2010       30, 2010
                                                     -----------   -----------    -----------

                                           REVENUES

REVENUE                                              $        --   $        --    $        --

                                                     -----------   -----------    -----------

Total Revenues                                                --            --             --

                                GENERAL & ADMINISTRATIVE EXPENSES

       ORGANIZATION AND RELATED EXPENSES                      --            --          3,134
                                                     -----------   -----------    -----------

     TOTAL GENERAL & ADMINISTRATIVE EXPENSES                  --            --          3,134
                                                     -----------   -----------    -----------

     NET LOSS                                        $        --   $        --    $    (3,134)
                                                     ===========   ===========    ===========


Basic loss per share                                 $        --   $        --    $    (0.00)
                                                     -----------   -----------    -----------

Basic and Diluted Weighted Average
    Number of Common Shares Outstanding               31,340,000    31,340,000     31,340,000
                                                     ===========   ===========    ===========

See Notes to Financial Statements




                            MAYQUEST VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                           STATEMENTS OF CASH FLOWS

                                                                            February 9,
                                                 For the      For the          2009
                                                 3-Months     6-Months      (Inception)
                                                  Ended        Ended         through
                                                September     September      September
                                                 30, 2010     30, 2010       30, 2010
                                               -----------   -----------    -----------
CASH FLOWS FROM OPERATING ACTIVITIES

             Net income (loss)                  $      --     $      --      $  (3,134)
                                               -----------   -----------    -----------

NET CASH PROVIDED BY (USED IN) OPERATING
  ACTIVITIES                                           --            --         (3,134)


CASH FLOWS FROM INVESTING ACTIVITIES

NET CASH PROVIDED BY (USED IN) INVESTING
  ACTIVITIES                                           --            --             --

                                               -----------   -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES

   COMMON STOCK ISSUED TO FOUNDER FOR
    SERVICES RENDERED                                  --            --          3,134
                                               -----------   -----------    -----------

NET CASH PROVIDED BY (USED IN) FINANCING
  ACTIVITIES                                           --            --          3,134
                                               -----------   -----------    -----------

        Net increase (decrease) in cash                --            --             --

        Cash at begining of period                     --            --             --
                                               -----------   -----------    -----------

CASH AT END OF PERIOD                          $       --    $       --     $       --
                                               ===========   ===========    ===========

NONCASH INVESTING AND FINANCING ACTIVITIES:

    COMMON STOCK ISSUED TO FOUNDER FOR
     SERVICES RENDERED                         $       --    $       --     $    3,134
                                               ===========   ===========    ===========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
  INFORMATION:

INTEREST PAID                                  $       --    $       --     $       --
                                               ===========   ===========    ===========

INCOME TAXES PAID                              $       --    $       --     $       --
                                               ===========   ===========    ===========


See Notes to Financial Statements



                            MAYQUEST VENTURES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO FINANCIAL STATEMENTS
                           AS OF SEPTEMBER 30, 2010
                                  (UNAUDITED)

NOTE 1      ORGANIZATION AND DESCRIPTION OF BUSINESS

MAYQUEST VENTURES,  INC.  (the  "Company"),  a  development  stage company, was
incorporated under the laws of the State of Delaware on February  9,  2009  and
has been inactive since inception. The Company intends to serve as a vehicle to
effect  an  asset  acquisition,  merger,  exchange  of  capital  stock or other
business combination with a domestic or foreign business.


NOTE 2      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION - DEVELOPMENT STAGE COMPANY

The  Company  has  not  earned  any  revenue from operations. Accordingly,  the
Company's activities have been accounted  for  as those of a "Development Stage
Company" as set forth in Financial Accounting Standards  Board  Statement No. 7
("SFAS  7").  Among  the disclosures required by SFAS 7 are that the  Company's
financial statements be identified as those of a development stage company, and
that the statements of operations, stockholders' equity and cash flows disclose
activity since the date of the Company's inception.

ACCOUNTING METHOD

The Company's financial  statements  are  prepared  using the accrual method of
accounting. The Company has elected a fiscal year ending on December 31.

USE OF ESTIMATES

The preparation of financial statements in conformity  with  generally accepted
accounting  principles  requires  management to make estimates and  assumptions
that affect the reported amounts of  assets  and  liabilities and disclosure of
contingent assets and liabilities at the date of the  financial  statements and
the reported amounts of revenues and expenses during the reporting  period.  In
the  opinion  of  management,  all  adjustments necessary in order to make  the
financial statements not misleading have  been  included.  Actual results could
differ from those estimates.

CASH EQUIVALENTS

The  Company considers all highly liquid investments  with  maturity  of  three
months or less when purchased to be cash equivalents.

INCOME TAXES

Income  taxes are provided in accordance with Statement of Financial Accounting
Standards  No.  109  (SFAS  109),  Accounting for Income Taxes.  A deferred tax
asset or liability is recorded for all  temporary differences between financial
and tax reporting and net operating loss  carryforwards.   Deferred tax expense
(benefit)  results from the net change during the year of deferred  tax  assets
and liabilities. Deferred tax assets are reduced by a valuation allowance when,
in the opinion  of  management, it is more likely than not that some portion of
all of the deferred tax  assets  will  be  realized.   Deferred  tax assets and
liabilities  are adjusted for the effects of changes in tax laws and  rates  on
the date of enactment. There were no current or deferred income tax expenses or
benefits due to the Company not having any material operations for period ended
September 30, 2010.

BASIC EARNINGS (LOSS) PER SHARE

In February 1997,  the  FASB  issued  SFAS No. 128, "Earnings Per Share", which
specifies  the  computation,  presentation   and  disclosure  requirements  for
earnings (loss) per share for entities with publicly  held  common stock.  SFAS
No. 128 supersedes the provisions of APB No. 15, and requires  the presentation
of basic earnings (loss) per share and diluted earnings (loss) per  share.  The
Company  has  adopted the provisions of SFAS No. 128 effective February 9, 2009
(inception).

Basic net loss  per share amounts is computed by dividing the net income by the
weighted average  number  of  common  shares outstanding.  Diluted earnings per
share are the same as basic earnings per  share  due  to  the  lack of dilutive
items in the Company.

STOCK-BASED COMPENSATION

The Company recognizes the services received or goods acquired in a share-based
payment transaction as services are received or when it obtains the goods as an
increase in equity or a liability, depending on whether the instruments granted
satisfy the equity or liability classification criteria [FAS-123(R), par.5].

A share-based payment transaction with employees is measured base  on  the fair
value  (or,  in  some  cases,  a  calculated  or intrinsic value) of the equity
instrument issued. If the fair value of goods or  services received in a share-
based  payment  with non-employees is more reliably measurable  than  the  fair
value of the equity  instrument issued, the fair value of the goods or services
received shall be used  to  measure  the  transaction.  Conversely, if the fair
value  of  the  equity instruments issued in a share-based payment  transaction
with non-employees  is  more  reliably  measurable  than  the fair value of the
consideration received, the transaction is measured at the  fair  value  of the
equity instruments issued [FAS-123(R), par.7].

The  cost  of services received from employees in exchange for awards of share-
based compensation  generally  is  measured  at  the  fair  value of the equity
instruments issued or at the fair value of the liabilities incurred.  The  fair
value of the liabilities incurred in share-based transactions with employees is
remeasured  at  the  end of each reporting period until settlement [FAS-123(R),
par.10].

Share-based payments awarded  to  an  employee  of  the  reporting  entity by a
related  party  or  other  holder  of  an  economic  interest  in the entity as
compensation  for services provided to the entity are share-based  transactions
to be accounted  for  under  FAS-123(R)  unless  the  transfer is clearly for a
purpose  other  than  compensation  for services to the reporting  entity.  The
substance of such a transaction is that  the  economic  interest holder makes a
capital  contribution to the reporting entity and that entity  makes  a  share-
based payment  to  its  employee in exchange for services rendered [FAS-123(R),
par.11].

IMPACT OF NEW ACCOUNTING STANDARDS

The  Company  does  not expect  the  adoption  of  recently  issued  accounting
pronouncements to have  a  significant  impact  on  the  Company's  results  of
operations, financial position, or cash flow.


NOTE 3      GOING CONCERN

The  Company's  financial  statements  are prepared using accounting principles
generally  accepted in the United States  of  America  applicable  to  a  going
concern  that  contemplates  the  realization  of  assets  and  liquidation  of
liabilities  in  the normal course of business. The Company has not established
any source of revenue  to cover its operating costs. The Company will engage in
very  limited  activities  without  incurring  any  liabilities  that  must  be
satisfied in cash  until a source of funding is secured. The Company will offer
noncash consideration  and  seek  equity  lines  as  a  means  of financing its
operations. If the Company is unable to obtain revenue producing  contracts  or
financing  or  if  the  revenue  or financing it does obtain is insufficient to
cover  any operating losses it may  incur,  it  may  substantially  curtail  or
terminate its operations or seek other business opportunities through strategic
alliances,  acquisitions or other arrangements that may dilute the interests of
existing stockholders.


NOTE 4      SHAREHOLDER'S EQUITY

Upon formation, the Board of Directors issued 31,340,000 shares of common stock
to the founding  shareholder  in exchange for incorporation fees of $89, annual
resident agent fees in the State  of  Delaware  for  $50,  and  developing  the
Company' business concept and plan valued at $2,995 to a total sum of $3,134.

The  stockholders' equity section of the Company contains the following classes
of capital stock as of September 30, 2010:

    * Common  stock,  $  0.0001  par value: 250,000,000 shares authorized;
      31,340,000 shares issued and outstanding

    * Preferred stock, $ 0.0001 par  value:  20,000,000 shares authorized;
      but not issued and outstanding.


ITEM 2      MANAGEMENT'S  DISCUSSION AND ANALYSIS OF  FINANCIAL  CONDITION  AND
            RESULTS OF OPERATIONS.

The Company will attempt to locate and negotiate with a business entity for the
combination of that target  company  with  the  Company.   The combination will
normally  take  the  form of a merger, stock-for-stock exchange  or  stock-for-
assets exchange (the "business  combination").   In  most  instances the target
company  will  wish  to  structure  the business combination to be  within  the
definition of a tax-free reorganization under Section 351 or Section 368 of the
Internal Revenue Code of 1986, as amended.  No assurances can be given that the
Company will be successful in locating or negotiating with any target business.

The Company has not restricted its search  for any specific kind of businesses,
and it may acquire a business which is in its preliminary or development stage,
which is already in operation, or in essentially  any  stage  of  its  business
life.  It  is  impossible  to  predict  the status of any business in which the
Company may become engaged, in that such  business  may need to seek additional
capital,  may  desire to have its shares publicly traded,  or  may  seek  other
perceived advantages which the Company may offer.

In implementing  a structure for a particular business acquisition, the Company
may become a party  to  a merger, consolidation, reorganization, joint venture,
or licensing agreement with another corporation or entity.

It is anticipated that any  securities  issued in any such business combination
would be issued in reliance upon exemption  from  registration under applicable
federal  and  state  securities  laws.  In some circumstances,  however,  as  a
negotiated element of its transaction, the Company may agree to register all or
a part of such securities immediately  after  the transaction is consummated or
at  specified  times  thereafter.   If such registration  occurs,  it  will  be
undertaken  by the surviving entity after  the  Company  has  entered  into  an
agreement for a business combination or has consummated a business combination.
The issuance of additional securities and their potential sale into any trading
market which  may  develop  in  the Company's securities may depress the market
value of the Company's securities  in  the future if such a market develops, of
which there is no assurance.

The  Company  will  participate  in  a  business  combination  only  after  the
negotiation  and  execution of appropriate  agreements.   Negotiations  with  a
target company will  likely  focus  on  the percentage of the Company which the
target company shareholders would acquire  in exchange for their shareholdings.
Although  the  terms of such agreements cannot  be  predicted,  generally  such
agreements will  require  certain representations and warranties of the parties
thereto, will specify certain  events  of  default,  will  detail  the terms of
closing and the conditions which must be satisfied by the parties prior  to and
after  such closing and will include miscellaneous other terms.  Any merger  or
acquisition  effected  by  the  Company  can  be expected to have a significant
dilutive effect on the percentage of shares held  by the Company's shareholders
at such time.

In  June  2009,  the  FASB issued SFAS No. 166, "Accounting  for  Transfers  of
Financial Assets - an amendment of FASB Statement No. 140" (SFAS 166). SFAS 166
removes the concept of  a  qualifying  special-purpose  entity  from  SFAS 140,
"Accounting   for   Transfers   and   Servicing   of   Financial   Assets   and
Extinguishments  of  Liabilities,"  establishes  a new "participating interest"
definition that must be met for transfers of portions of financial assets to be
eligible for sale accounting, clarifies and amends  the  derecognition criteria
for a transfer to be accounted for as a sale, and changes  the  amount that can
be  recognized  as  a gain or loss on a transfer accounted for as a  sale  when
beneficial interests  are  received by the transferor. Enhanced disclosures are
also required to provide information  about transfers of financial assets and a
transferor's continuing involvement with transferred financial assets. SFAS No.
166 is effective for interim and annual reporting periods ending after November
15, 2009. The Company does not believe that the implementation of this standard
will have a material impact on its condensed financial statements.

In June 2009, the FASB issued SFAS No.  167, "Amendments to FASB Interpretation
No.  46(R)" (SFAS 167). SFAS 167 amends FASB  Interpretation  No.  46  (revised
December  2003),  "Consolidation  of Variable Interest Entities" (FIN 46(R)) to
require an enterprise to qualitatively  assess the determination of the primary
beneficiary of a variable interest entity (VIE) based on whether the entity (1)
has the power to direct the activities of  a VIE that most significantly impact
the entity's economic performance and (2) has  the  obligation to absorb losses
of  the  entity  or the right to receive benefits from the  entity  that  could
potentially be significant  to  the  VIE.  Also,  SFAS  167 requires an ongoing
reconsideration of the primary beneficiary, and amends the  events that trigger
a  reassessment  of whether an entity is a VIE. Enhanced disclosures  are  also
required to provide  information  about  an  enterprise's involvement in a VIE.
SFAS No. 167 is effective for interim and annual reporting periods ending after
November 15, 2009. The Company does not believe that the implementation of this
standard will have a material impact on its condensed


ITEM 3      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Information not required to be filed by Smaller reporting companies.


ITEM 4      CONTROLS AND PROCEDURES.

Disclosures and Procedures

Pursuant  to  Rules  adopted  by the Securities and  Exchange  Commission,  the
Company carried out an evaluation  of  the  effectiveness  of  the  design  and
operation  of  its  disclosure controls and procedures pursuant to Exchange Act
Rules.  This evaluation  was  done  as of the end of the period covered by this
report  under  the supervision and with  the  participation  of  the  Company's
principal executive officer (who is also the principal financial officer).

Based upon that  evaluation, he believes that the Company's disclosure controls
and procedures are effective in gathering, analyzing and disclosing information
needed to ensure that  the  information required to be disclosed by the Company
in its periodic reports is recorded,  summarized  and  processed  timely.   The
principal  executive  officer is directly involved in the day-to-day operations
of the Company.

This Quarterly Report does  not  include an attestation report of the Company's
registered public accounting firm  regarding  internal  control  over financial
reporting.  Management's report was not subject to attestation by the Company's
registered public accounting firm pursuant to temporary rules of the Securities
and  Exchange  Commission  that permit the Company to provide only management's
report in this Quarterly Report.

Changes in Internal Controls

There was no change in the Company's  internal control over financial reporting
that was identified in connection with such evaluation that occurred during the
period covered by this report that has  materially  affected,  or is reasonably
likely  to  materially  affect,  the Company's internal control over  financial
reporting.


PART II-OTHER INFORMATION

ITEM 1      LEGAL PROCEEDINGS

There are no legal proceedings against the Company and the Company is unaware
of such proceedings contemplated against it.

ITEM 1A     RISK FACTORS

Not applicable.

ITEM 2      UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Not applicable.

ITEM 3      DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4      SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.

ITEM 5      OTHER INFORMATION

      (a) Not applicable.

      (b) During the quarter covered by this Report, there have not been any
material changes to the procedures by which security holders may recommend
nominees to the Board of Directors.

ITEM 6      EXHIBITS

(a)     Exhibits

      31    Certification of the Chief Executive Officer and Chief Financial
            Officer pursuant to Section  302 of  the Sarbanes-Oxley Act of 2002

      32    Certification of the Chief Executive Officer and Chief Financial
            Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002



                                  SIGNATURES

Pursuant  to the requirements of the  Securities  Exchange  Act  of  1934,  the
registrant  has  duly  caused  this  report  to  be signed on its behalf by the
undersigned thereunto duly authorized.


                                           MAYQUEST VENTURES, INC.



                                   By:     /s/ Roman Zherdytskyi
                                           ----------------------------------
                                           President, Chief Financial Officer

Dated: October 5, 2010


Pursuant to the Securities Exchange Act of 1934, this  report  has  been signed
below  by  the  following  persons  on  behalf  of  the  registrant  and in the
capacities and on the dates indicated.

      NAME              OFFICE                 DATE

/s/ Roman Zherdytskyi   Director               October 5, 2010
----------------------------
Roman Zherdytskyi`