| x | QUARTERLY                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF                1934 |
|---|-----------------------------------------------------------------------------------------------------------------|

|   | For                the quarterly period ended September 30, 2006                or |
|--------|-----------------------------------------------------------------------------------------|

| o  | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE                ACT |
|---------|-----------------------------------------------------------------------------------------------|

|   | For                the transition period from _______________ to                ____________________ |
|--------|------------------------------------------------------------------------------------------------------|

|   | Commission                File Number: 000-21247 |
|--------|--------------------------------------------------|

| Delaware                                                                                     |   | 13-2622429                                                      |
|----------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|
| (State                or Other Jurisdiction of                Incorporation or Organization) |   | (IRS                Employer Identification                No.) |

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ITEM      1.      FINANCIAL STATEMENTS

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| Interim                      Balance Sheet as at September 30, 2006 (Unaudited) and December 31,                      2005                                                                 | 1      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                            |   |
| Interim                      Statement of Changes in Stockholders’ Deficiency for the Nine Months Ended                      September 30, 2006 (Unaudited)                          | 2      |
|                                                                                                                                                                                            |   |
| Interim                      Statement of Operations and Comprehensive Income for the Nine                      Months Ended                      September 30, 2006 and 2005 (Unaudited)  | 3      |
|                                                                                                                                                                                            |   |
| Interim                      Statement of Operations and Comprehensive Income for the Three                      Months                      Ended September 30, 2006 and 2005 (Unaudited) | 4      |
|                                                                                                                                                                                            |   |
| Interim                      Statement of Cash Flows for the Nine Months Ended September 30, 2006                      and 2005 (Unaudited)                                                | 5      |
|                                                                                                                                                                                            |   |
| Condensed                      Notes to the Interim Financial Statements                                                                                                                        | 6-7    |

----

|                                                                                                                                                                                                                                                                                                                         |   | (Unaudited)                September 30,                2006 |        | December 31,                2005 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|-------------|---------------------------------------|--------|
| ASSETS                                                                                                                                                                                                                                                                                                                       |   |                                                              |        |                                  |   |
| Current                Assets                                                                                                                                                                                                                                                                                                |   |                                                              |        |                                  |   |
| Cash                                                                                                                                                                                                                                                                                                                         |   | $                                                                 | 3,081       |                                  | $      | 84,217 |   |
| Accounts                Receivable                                                                                                                                                                                                                                                                                           |   |                                                              | 94,264      |                                  |   | 37,868 |   |
| Other                receivable                                                                                                                                                                                                                                                                                              |   |                                                              | 233,522     |                                  |   | 21,823 |   |
| Inventories                                                                                                                                                                                                                                                                                                                  |   |                                                              | 62,514      |                                  |   | 51,341 |   |
| Taxes                Recoverable                                                                                                                                                                                                                                                                                             |   |                                                              | 249,546     |                                  |   | 226,044 |   |
| Total                Current Assets                                                                                                                                                                                                                                                                                          |   |                                                              | 642,927     |                                  |   | 421,293 |   |
|                                                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Long                term deposits                                                                                                                                                                                                                                                                                            |   |                                                              | 500         |                                  |   | 500 |   |
|                                                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Property,                Plant and Equipment - Net of Accumulated Depreciation                                                                                                                                                                                                                                               |   |                                                              | 1,904,198   |                                  |   | 1,870,490 |   |
|                                                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Total                Assets                                                                                                                                                                                                                                                                                                  |   | $                                                                 | 2,547,625   |                                  | $      | 2,292,283 |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY                                                                                                                                                                                                                                                                |   |                                                              |        |                                  |   |   |   |
| Current                Liabilities                                                                                                                                                                                                                                                                                           |   |                                                              |        |                                  |   |   |   |
| Short                term loans                                                                                                                                                                                                                                                                                              |   | $                                                                 | 1,391,869   |                                  | $      | 678,220 |   |
| Current                maturities of long-term bank loans                                                                                                                                                                                                                                                                    |   |                                                              | 649,358     |                                  |   | 459,528 |   |
| Accounts                Payable                                                                                                                                                                                                                                                                                              |   |                                                              | 426,040     |                                  |   | 195,025 |   |
| Tax                institutions                                                                                                                                                                                                                                                                                              |   |                                                              | 1,856,921   |                                  |   | 1,050,322 |   |
| Other                payables                                                                                                                                                                                                                                                                                                |   |                                                              | 1,733,503   |                                  |   | 448,664 |   |
| Total                Current Liabilities                                                                                                                                                                                                                                                                                     |   |                                                              | 6,057,691   |                                  |   | 2,831,759 |   |
| Long                Term Liabilities                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Long                term bank loans                                                                                                                                                                                                                                                                                          |   |                                                              | 360,632     |                                  |   | 606,519 |   |
| Taxes                payable                                                                                                                                                                                                                                                                                                 |   |                                                              | -           |                                  |   | 915,430 |   |
| Allowance                for severance pay                                                                                                                                                                                                                                                                                   |   |                                                              | 6,648       |                                  |   | 6,171 |   |
| Convertible                notes                                                                                                                                                                                                                                                                                             |   |                                                              | 10,858,030  |                                  |   | 10,601,781 |   |
| Total                Long Term Liabilities                                                                                                                                                                                                                                                                                   |   |                                                              | 11,225,310  |                                  |   | 12,129,901 |   |
|                                                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Total                Liabilities                                                                                                                                                                                                                                                                                             |   |                                                              | 17,283,001  |                                  |   | 14,961,660 |   |
|                                                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Stockholders’                Deficiency                                                                                                                                                                                                                                                                                |   |                                                              |        |                                  |   |   |   |
| As                of September 30, 2006 and December 31, 2005 - Common shares of $                0.001 par                value; Authorized: 400,000,000 shares; As                of September 30, 2006 - Issued and outstanding: 104,125,000; As                of December 31, 2005 - Issued and outstanding 100,000,000 |   |                                                              | 104,125     |                                  |   | 100,000 |   |
| Additional                Paid-In Capital                                                                                                                                                                                                                                                                                    |   |                                                              | 1,179,881   |                                  |   | 371,381 |   |
| Accumulated                Deficit                                                                                                                                                                                                                                                                                           |   |                                                              | (15,686,630 | )                                     |   | (12,962,775 | ) |
| Accumulated                Other Comprehensive Loss                                                                                                                                                                                                                                                                          |   |                                                              | (332,752    | )                                     |   | (177,983 | ) |
| Total                Stockholders’ Deficiency                                                                                                                                                                                                                                                                          |   |                                                              | (14,735,376 | )                                     |   | (12,669,377 | ) |
|                                                                                                                                                                                                                                                                                                                         |   |                                                              |        |                                  |   |   |   |
| Total                Liabilities and Stockholders’ Deficit                                                                                                                                                                                                                                                             |   | $                                                                 | 2,547,625   |                                  | $      | 2,292,283 |   |

----

|                                                                                                             |   | Number                of Shares |        | Common                Stock |   | Additional                Paid-In Capital |   | Accumulated                Deficit |      | Accumulated                Other Comprehensive Income (Loss) |   | Total                Stockholders’ Deficiency |   |
|------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|-------------|-----------------------------|--------|-------------------------------------------|--------|------------------------------------|-----------|--------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                                                             |   |                            |        |                        |   |                                      |   |                               |      |                                                         |   |                                                |   |
| Balance                December 31, 2004                                                                         |   |                            | 4,242,908   |                        | $      | 2,552,000                                 |   | $                                  | --        |                                                         | $      | (4,332,072                                          | )      | $ | (203,285 | ) | $ | (1,983,357 | ) |
| Recapitalization                pursuant to business combination with entity under common                control |   |                            | 95,757,092  |                        |   | (2,452,000                                | )      |                               | 336,381   |                                                         |   | (1(7,818,218                                        | ))     |   | 203,285 |   |   | (9,730,552 | ) |
| Issuance                of warrants to service provider                                                          |   |                            | -           |                        |   | -                                         |   |                               | 35,000    |                                                         |   | -                                                   |   |   | - |   |   | 35,000 |   |
| Net                loss for the period                                                                      |   |                            | --          |                        |   | --                                        |   |                               | --        |                                                         |   | (486,586                                            | )      |   | -- |   |   | (486,586 | ) |
| Dividend                                                                                                         |   |                            | --          |                        |   | --                                        |   |                               | --        |                                                         |   | (325,899                                            | )      |   | -- |   |   | (325,899 | ) |
| Other                Comprehensive Loss for the Period                                                           |   |                            | --          |                        |   | --                                        |   |                               | --        |                                                         |   | --                                                  |   |   | (177,983 | ) |   | (177,983 | ) |
| Balance                December 31, 2005                                                                         |   |                            | 100,000,000 |                        |   | 100,000                                   |   |                               | 371,381   |                                                         |   | (12,962,775                                         | )      |   | (177,983 | ) |   | (12,669,377 | ) |
| Issuance                of shares to service provider                                                            |   |                            | 125,000     |                        |   | 125                                       |   |                               | 12,500    |                                                         |   | -                                                   |   |   | - |   |   | 12,625 |   |
| Issuance                of shares to parent company (2)                                                          |   |                            | 4,000,000   |                        |   | 4,000                                     |   |                               | 796,000   |                                                         |   | -                                                   |   |   | - |   |   | 800,000 |   |
| Net                loss for the period                                                                           |   |                            | -           |                        |   | -                                         |   |                               | -         |                                                         |   | (2,723,885                                          | )      |   | - |   |   | (2,723,885 | ) |
| Other                Comprehensive Loss for the Period                                                           |   |                            | -           |                        |   | -                                         |   |                               | -         |                                                         |   | -                                                   |   |   | (154,769 | ) |   | (154,769 | ) |
| Balance                September 30, 2006 (Unaudited)                                                            |   |                            | 104,125,000 |                        | $      | 104,125                                   |   | $                                  | 1,179,881 |                                                         | $      | (15,686,630                                         | )      | $ | (332,752 | ) | $ | (14,735,376 | ) |
|                                                                                                             |   |                            |        |                        |   |                                      |   |                               |      |                                                         |   |                                                |   |   |   |   |   |   |   |

| (1) | Including                the $10,000,000 convertible promissory note issued to the shareholders                of                BDFC                Brazil Alimentos                LTDA (“BDFC”). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | On                July 11, 2006, pursuant to a conversion notice received from Livorno                Investment S.A (“Livorno”), by which Livrono elected to convert all of the                annual accumulated interest on its convertible note (which amounted                to                $800,000) into shares of the Company’s Common Stock at a conversion price                of $0.20 per share, the Company issued 4,000,000 shares of Common                Stock to                Livorno. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Nine                Months Ended September 30,                         |   | 2006   |        | 2005   |   |
|------------------------------------------------------------------------|--------|--------|-------------|--------|--------|
| Revenue                                                                |   |   |        |   |   |
| Coffee                Production                                       |   | $      | 264,273     |   | $      | 165,213 |   |
| Rental                Income                                           |   |   | --          |   |   | 1,115,395 |   |
| Total                Revenue                                           |   |   | 264,273     |   |   | 1,280,608 |   |
| Operating                Expenses                                      |   |   |        |   |   |   |   |
| Cost                of revenues                                        |   |   | 364,623     |   |   | 373,917 |   |
| General                and administrative expenses                     |   |   | 1,274,843   |   |   | 470,084 |   |
| Total                Operating Expenses                                |   |   | 1,639,466   |   |   | 844,001 |   |
|                                                                   |   |   |        |   |   |   |   |
| Income                (Loss) From Operations                           |   |   | (1,375,193  | )      |   | 436,607 |   |
| Financial                Expenses, net                                 |   |   | (1,378,669  | )      |   | (504,349 | ) |
| Other                Income, net                                       |   |   | 30,007      |   |   | - |   |
|                                                                   |   |   |        |   |   |   |   |
| Loss                before provision for taxes                         |   |   | (2,723,855  | )      |   | (67,742 | ) |
| Provision                for taxes                                     |   |   | --          |   |   | 837 |   |
|                                                                   |   |   |        |   |   |   |   |
| Net                Loss for the period                                 |   |   | (2,723,855  | )      |   | (68,579 | ) |
|                                                                   |   |   |        |   |   |   |   |
| Other                Comprehensive Loss                                |   |   |        |   |   |   |   |
| Foreign                Currency Translation                            |   |   | (154,769    | )      |   | (96,918 | ) |
| Comprehensive                Income (Loss) for the Period              |   | $      | (2,878,624  | )      | $      | (165,497 | ) |
|                                                                   |   |   |        |   |   |   |   |
| Net                Income (Loss) Per Share - Basic and Diluted         |   | $      | (0.03       | )      | $      | -- |   |
|                                                                   |   |   |        |   |   |   |   |
| Weighted                Average Shares Outstanding - Basic and Diluted |   |   | 101,222,222 |   |   | 55,084,120 |   |

----

| Three                Months Ended September 30,                        |   | 2006   |        | 2005   |   |
|------------------------------------------------------------------------|--------|--------|-------------|--------|--------|
|                                                                   |   |   |        |   |   |
| Revenue                from Coffee Production                          |   | $      | 9,177       |   | $      | 165,213 |   |
| Operating                Expenses                                      |   |   |        |   |   |   |   |
| Cost                of revenues                                        |   |   | 22,876      |   |   | 134,570 |   |
| General                and administrative expenses                     |   |   | 438,979     |   |   | 212,610 |   |
| Total                Operating Expenses                                |   |   | 461,855     |   |   | 347,180 |   |
|                                                                   |   |   |        |   |   |   |   |
| Loss                From Operations                                    |   |   | (452,678    | )      |   | (181,967 | ) |
| Financial                Expenses, net                                 |   |   | (693,279    | )      |   | (221,333 | ) |
| Other                Income                                            |   |   | 82,512      |   |   | -- |   |
|                                                                   |   |   |        |   |   |   |   |
| Net                Income (Loss) for the period                        |   |   | (1,063,445  | )      |   | (403,300 | ) |
|                                                                   |   |   |        |   |   |   |   |
| Other                Comprehensive Income                              |   |   |        |   |   |   |   |
| Foreign                Currency Translation                            |   |   | 1,701       |   |   | (136,752 | ) |
| Comprehensive                Loss for the Period                       |   | $      | (1,061,744  | )      | $      | (540,052 | ) |
|                                                                   |   |   |        |   |   |   |   |
| Net                Loss Per Share - Basic and Diluted                  |   | $      | (0.01       | )      | $      | -- |   |
|                                                                   |   |   |        |   |   |   |   |
| Weighted                Average Shares Outstanding - Basic and Diluted |   |   | 103,458,333 |   |   | 100,000,000 |   |

----

| Nine                Months Ended September 30,                                                                               |   | 2006   |       | 2005   |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|
| Cash                Flows from Operating Activities                                                                          |   |   |       |   |   |
| Net                Income (Loss) For the Period                                                                              |   | $      | (2,723,855 | )      | $      | (68,579 | ) |
| Adjustments                To Reconcile Net Income For The Period To Net Cash Flows From Operating                Activities |   |   |       |   |   |   |   |
| Depreciation                                                                                                                 |   |   | 109,879    |   |   | 105,223 |   |
| Deferred                Income Taxes                                                                                         |   |   | 332,371    |   |   | 101,965 |   |
| Provision                for Contingencies                                                                                   |   |   | 9,890      |   |   | 120,699 |   |
| Interest                due to convertible notes and long term bank loans                                                    |   |   | 671,331    |   |   | -- |   |
| Gain                from sales of Property, Plant and Equipment                                                         |   |   | (82,512    | )      |   | -- |   |
| Changes                in Operating Assets and Liabilities                                                                   |   |   |       |   |   |   |   |
| Accounts                Receivable                                                                                           |   |   | (53,095    | )      |   | (38,772 | ) |
| Inventories                                                                                                                  |   |   | (7,150     | )      |   | (100,349 | ) |
| Other                receivable                                                                                              |   |   | (208,978   | )      |   | (98,956 | ) |
| Taxes                Recoverable                                                                                             |   |   | (5,970     | )      |   | (41,789 | ) |
| Accounts                Payable                                                                                              |   |   | 222,280    |   |   | 74,092 |   |
| Other                Payable                                                                                                 |   |   | 667,782    |   |   | 353,941 |   |
| Net                Cash Flows from Operating Activities                                                                      |   |   | (1,068,027 | )      |   | 407,475 |   |
|                                                                                                                         |   |   |       |   |   |   |   |
| Cash                Flows from Investing Activities                                                                          |   |   |       |   |   |   |   |
| Acquisition                of Property, Plant and Equipment                                                                  |   |   | --         |   |   | (163,855 | ) |
| Proceeds                from sales of Property, Plant and Equipment                                                          |   |   | 82,512     |   |   | -- |   |
| Cash                from combination with entity under common control                                                        |   |   | --         |   |   | 332,315 |   |
| Net                Cash Flows from Investing Activities                                                                      |   |   | 82,512     |   |   | 168,460 |   |
|                                                                                                                         |   |   |       |   |   |   |   |
| Cash                Flows from Financing Activities                                                                          |   |   |       |   |   |   |   |
| Repayment                of Debt                                                                                             |   |   | (248,310   | )      |   | (346,172 | ) |
| Loan                from Related Party                                                                                       |   |   | 701,974    |   |   | 67,551 |   |
| Proceeds                from issuance of convertible note                                                                    |   |   | 450,000    |   |   | -- |   |
| Dividend                                                                                                                     |   |   | --         |   |   | (325,899 | ) |
| Net                Cash Flows from Financing Activities                                                                      |   |   | 903,664    |   |   | (604,520 | ) |
|                                                                                                                         |   |   |       |   |   |   |   |
| Decrease                in cash and cash equivalents                                                                         |   |   | (81,851    | )      |   | (28,585 | ) |
| Effect                of Exchange Rate Changes of Cash                                                                       |   |   | 715        |   |   | 28,232 |   |
| Net                Change in Cash                                                                                            |   |   | (81,136    | )      |   | (353 | ) |
| Cash                - Beginning of Period                                                                                    |   |   | 84,217     |   |   | 8,671 |   |
| Cash                - End of Period                                                                                          |   | $      | 3,081      |   | $      | 8,318 |   |

----

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| ITEM                2. | MANAGEMENT’S                DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF                OPERATIONS |
|------------------------|---------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

| a) | Evaluation                of Disclosure Controls and Procedures. As at September 30, 2006,                the                Company’s management carried out an evaluation, under the supervision of                the Company’s Chief Executive Officer and Chief Financial Officer, of the                effectiveness of the design and operation of the Company’s system of                disclosure controls and procedures pursuant to the Securities and                Exchange                Act, Rule 13a-15(d) and 15d-15(d) under the Exchange Act. Based upon                that                evaluation, the Chief Executive Officer and Chief Financial Officer                concluded that the Company’s disclosure controls and procedures were                effective, as of the date of their evaluation, for the purposes of                recording, processing, summarizing and timely reporting material                information required to be disclosed in reports filed by the Company                under                the Securities Exchange Act of                1934. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b) | Changes                in internal controls. There were no changes in the Company’s internal                controls over financial reporting, that occurred during the period                covered                by this report that have materially affected, or are reasonably likely                to                materially                affect, the Company’s internal control over financial                reporting. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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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

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| 1. | Not                applicable |
|----|-------------------------------|

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| Number |   | Title                                                                                                                                                                                                                                           |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.1   |   | Management                agreement with L.M.S Livorno Management Services Ltd.                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                            |
| 31.1   |   | Certification                by Yaron Arbell, Chief Executive Officer, Pursuant to Section 302                of the                Sarbanes-Oxley Act of 2002                                                                                  |
|   |   |                                                                                                                                                                                                                                            |
| 31.2   |   | Certification                by Yossi Haras, Chief Financial Officer, Pursuant to Section 302                of the                Sarbanes-Oxley Act of 2002                                                                                   |
|   |   |                                                                                                                                                                                                                                            |
| 32.1   |   | Certification                by Yaron                Arbell, Chief Executive Officer,                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of the Sarbanes-Oxley Act of 2002               |
|   |   |                                                                                                                                                                                                                                            |
| 32.1   |   | Certification                by Yossi                Haras, Chief Financial Officer,                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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