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

----

**ACCELERATED      ACQUISITIONS I, INC.**

**-      INDEX -**

|                                                                   |   |                                                                                                                                                                                             |   | Page(s)             |
|------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|
| ** ****PART                I - FINANCIAL INFORMATION:** |   |                                                                                                                                                                                             |
|                                                                   |   |                                                                                                                                                                                             |   |                |
| Item                1.                                                 |   | Financial                Statements (unaudited):                                                                                                                                                 |   |                |
|                                                                   |   |                                                                                                                                                                                             |   |                |
|                                                                   |   | Balance                Sheet as of June 30, 2008                                                                                                                                                 |   | F-1                 |
|                                                                   |   |                                                                                                                                                                                             |   |                |
|                                                                   |   | Statements                of Operations for the three months ended June 30, 2008 and for the                Cumulative Period from Inception (February 15, 2008) to June 30,                2008 |   | F-2                 |
|                                                                   |   |                                                                                                                                                                                             |   |                |
|                                                                   |   | Statements                of Cash Flows for the Cumulative Period from Inception                                                                                                                 |   |                |
|                                                                   |   | (February                15, 2008) to June 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                                                       |   | 5                                                                                                                                                                                                |

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**BALANCE      SHEET**

**(unaudited)**

|                                                                                                                                                |   | **June                30** |      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|-----------|
|                                                                                                                                                |   | **2008**                   |      |
|  **ASSETS**                                                                                                                                    |   |                       |      |
|                                                                                                                                                |   |                       |      |
| **CURRENT                ASSETS:**                                                                                                                  |   |                       |      |
| Cash                and cash equivalents                                                                                                            |   | **$**                      | **3,000** |   |
|                                                                                                                                                |   |                       |           |   |
| **TOTAL                ASSETS**                                                                                                                     |   | **$**                      | **3,000** |   |
|                                                                                                                                                |   |                       |           |   |
| **LIABILITIES                AND STOCKHOLDER’S EQUITY**                                                                                       |
|                                                                                                                                                |   |                       |           |   |
| **CURRENT                LIABILITIES**                                                                                                              |   | **$**                      | **-**     |   |
|  Accounts                payable                                                                                                               |   |                       | **559**   |   |
|                                                                                                                                                |   |                       |      |   |
| **TOTAL                LIABILITIES**                                                                                                                |   |                       | **559**   |   |
|                                                                                                                                                |   |                       |      |   |
| **STOCKHOLDER’S                EQUITY:**                                                                                                      |   |                       |           |   |
| Preferred                stock, $.0001 par value; 10,000,000 shares authorized; none issued                and                outstanding           |   |                       | **-**     |   |
| Common                stock, $.0001 par value; 100,000,000 shares authorized; 5,000,000                shares                issued and outstanding |   |                       | **500**   |   |
| Additional                paid-in capital                                                                                                           |   |                       | **7,500** |   |
| Deficit                accumulated during the development stage                                                                                     |   |                       | (5,559    | ) |
|                                                                                                                                                |   |                       |           |   |
| **TOTAL                STOCKHOLDER’S EQUITY**                                                                                                 |   |                       | **2,441** |   |
|                                                                                                                                                |   |                       |           |   |
| **TOTAL                LIABILITIES AND STOCKHOLDER’S EQUITY**                                                                                 |   | **$**                      | **3,000** |   |

**See      notes to unaudited financial statements.**

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**STATEMENTS      OF OPERATIONS**

**(unaudited)**

|                                                                    |   | **For the three****months ended****June                30, 2008** |          | **For the****Cumulative****Period from****Inception****(February                15, 2008) through****June                30,****2008** |   |
|-------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                    |   |                                                                             |          |                                                                                                                                                  |   |
| **REVENUE**                                                             |   | **$**                                                                            | **-**         |                                                                                                                                                  | $      | **-** |   |
|                                                                    |   |                                                                             |               |                                                                                                                                                  |   |  |   |
| General                and administrative expenses                      |   |                                                                             | **-**         |                                                                                                                                                  |   | **5,559** |   |
|                                                                    |   |                                                                             |               |                                                                                                                                                  |   |  |   |
| **NET                PROFIT/(LOSS)**                                    |   | **$**                                                                            | **-**         |                                                                                                                                                  | $      | (5,559 | ) |
|                                                                    |   |                                                                             |               |                                                                                                                                                  |   |  |   |
| **BASIC                AND DILUTED NET LOSS PER SHARE**                 |   | **$**                                                                            | **-**         |                                                                                                                                                  | $      | **-** |   |
|                                                                    |   |                                                                             |               |                                                                                                                                                  |   |  |   |
| **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****June                30,****2008** |   |
|-------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                        |   |                                                                                                                                             |   |
| **CASH                FLOWS FROM OPERATING ACTIVITIES:**                                                    |   |                                                                                                                                             |   |
| Net                loss                                                                                     |   | $                                                                                                                                                | (5,559 | ) |
| Adjustments                to reconcile net (loss) to net cash used in operating                activities: |   |                                                                                                                                             |        |   |
| **Change                in accounts payable**                                                               |   |                                                                                                                                             | 559    |   |
| **Net                cash used in operating activities**                                                    |   |                                                                                                                                             | (5,000 | ) |
|                                                                                                        |   |                                                                                                                                             |        |   |
| **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**                                     |   |                                                                                                                                             | 3,000  |   |
|                                                                                                        |   |                                                                                                                                             |        |   |
| Cash                and cash equivalents at beginning of period                                             |   |                                                                                                                                             | -      |   |
|                                                                                                        |   |                                                                                                                                             |        |   |
| **CASH                AND CASH EQUIVALENTS AT END OF PERIOD**                                               |   | $                                                                                                                                                | 3,000  |   |

**See      notes to unaudited financial statements.**

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**JUNE      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**

**JUNE      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**

**JUNE      30, 2008**

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

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

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**JUNE      30, 2008**

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

*Disclosures      about Derivative Instruments and Hedging Activities.*

----

**ACCELERATED      ACQUISITIONS I, INC.**

**A      Development Stage Company**

**NOTES      TO FINANCIAL STATEMENTS**

**JUNE      30, 2008**

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

----

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

***Results      of Operations***

***Liquidity      and Capital Resources***

| Operating                activities |   | $      | (5,000 | )      |
|-------------------------------------|--------|--------|--------|--------|
| Investing                activities |   |   | -      |   |
| Financing                activities |   | $      | 8,000  |   |
|                                |   |   |        |   |
| Net                effect on cash   |   | $      | 3,000  |   |

***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.**

| Exhibit                No. |   | 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-QSB for the                quarter ended February 29, 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:                August 13, 2008 |                                                |                                       |
|---------------------------------------|-----------------------------------------------------|--------------------------------------------|
|                                  | **ACCELERATED                ACQUISITIONS I, INC.** |
|                             |                                           |                                  |
|                                  | By:                                       | /s/ *Timothy                J. Neher* |
|                                  | Timothy                J. Neher                     |
|                                  | President                                           |

----

**EXHIBIT      INDEX**

| Exhibit                No. |   | 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. |

----