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

|   | For                the quarterly period ended June 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.) |

----

ITEM      1.      FINANCIAL STATEMENTS

----

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

----

|                                                                                                                                                                                                                                                                                                               |   | (Unaudited)June 30,                2006 |        | December 31,                2005 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|-------------|---------------------------------------|--------|
| ASSETS                                                                                                                                                                                                                                                                                                             |   |                                         |        |                                  |   |
| Current                Assets                                                                                                                                                                                                                                                                                      |   |                                         |        |                                  |   |
| Cash                                                                                                                                                                                                                                                                                                               |   | $                                            | 7,158       |                                  | $      | 84,217 |   |
| Accounts                Receivable                                                                                                                                                                                                                                                                                 |   |                                         | 64,061      |                                  |   | 37,868 |   |
| Other                receivable                                                                                                                                                                                                                                                                                    |   |                                         | 67,896      |                                  |   | 21,823 |   |
| Inventories                                                                                                                                                                                                                                                                                                        |   |                                         | 66,977      |                                  |   | 51,341 |   |
| Taxes                Recoverable                                                                                                                                                                                                                                                                                   |   |                                         | 252,292     |                                  |   | 226,044 |   |
| Total                Current Assets                                                                                                                                                                                                                                                                                |   |                                         | 458,384     |                                  |   | 421,293 |   |
|                                                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Long                term deposits                                                                                                                                                                                                                                                                                  |   |                                         | 500         |                                  |   | 500 |   |
|                                                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Property,                Plant and Equipment - Net of Accumulated Depreciation                                                                                                                                                                                                                                     |   |                                         | 1,943,008   |                                  |   | 1,870,490 |   |
|                                                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Total                Assets                                                                                                                                                                                                                                                                                        |   | $                                            | 2,401,892   |                                  | $      | 2,292,283 |   |
| LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY                                                                                                                                                                                                                                                      |   |                                         |        |                                  |   |   |   |
| Current                Liabilities                                                                                                                                                                                                                                                                                 |   |                                         |        |                                  |   |   |   |
| Short                term loans                                                                                                                                                                                                                                                                                    |   | $                                            | 930,326     |                                  | $      | 678,220 |   |
| Current                maturities of long-term bank loans                                                                                                                                                                                                                                                          |   |                                         | 593,089     |                                  |   | 459,528 |   |
| Accounts                Payable                                                                                                                                                                                                                                                                                    |   |                                         | 356,654     |                                  |   | 195,025 |   |
| Tax                institutions                                                                                                                                                                                                                                                                                    |   |                                         | 1,535,554   |                                  |   | 1,050,322 |   |
| Other                payables                                                                                                                                                                                                                                                                                      |   |                                         | 538,362     |                                  |   | 448,664 |   |
| Total                Current Liabilities                                                                                                                                                                                                                                                                           |   |                                         | 3,953,985   |                                  |   | 2,831,759 |   |
| Long                Term Liabilities                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Long                term bank loans                                                                                                                                                                                                                                                                                |   |                                         | 457,129     |                                  |   | 606,519 |   |
| Taxes                payable                                                                                                                                                                                                                                                                                       |   |                                         | 1,021,416   |                                  |   | 915,430 |   |
| Allowance                for severance pay                                                                                                                                                                                                                                                                         |   |                                         | 6,656       |                                  |   | 6,171 |   |
| Convertible                notes                                                                                                                                                                                                                                                                                   |   |                                         | 11,436,338  |                                  |   | 10,601,781 |   |
| Total                Long Term Liabilities                                                                                                                                                                                                                                                                         |   |                                         | 12,921,539  |                                  |   | 12,129,901 |   |
|                                                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Total                Liabilities                                                                                                                                                                                                                                                                                   |   |                                         | 16,875,524  |                                  |   | 14,961,660 |   |
|                                                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Stockholders’                Deficiency                                                                                                                                                                                                                                                                      |   |                                         |        |                                  |   |   |   |
| As                of June 30, 2006 and December 31, 2005 - Common shares of $ 0.001                par                value; Authorized: 400,000,000 shares; As                of June 30, 2006 - Issued and outstanding: 100,125,000; As                of December 31, 2005 - Issued and outstanding 100,000,000 |   |                                         | 100,125     |                                  |   | 100,000 |   |
| Additional                Paid-In Capital                                                                                                                                                                                                                                                                          |   |                                         | 383,881     |                                  |   | 371,381 |   |
| Accumulated                Deficit                                                                                                                                                                                                                                                                                 |   |                                         | (14,623,185 | )                                     |   | (12,962,775 | ) |
| Accumulated                Other Comprehensive Loss                                                                                                                                                                                                                                                                |   |                                         | (334,453    | )                                     |   | (177,983 | ) |
| Total                Stockholders’ Deficiency                                                                                                                                                                                                                                                                |   |                                         | (14,473,632 | )                                     |   | (12,669,377 | ) |
|                                                                                                                                                                                                                                                                                                               |   |                                         |        |                                  |   |   |   |
| Total                Liabilities and Stockholders’ Deficit                                                                                                                                                                                                                                                   |   | $                                            | 2,401,892   |                                  | $      | 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 |                                                         |   | (7,818,218                                          | )(1)   |   | 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 |   |
| Net                loss for the period                                                                           |   |                            | -           |                        |   | -                                         |   |                               | -       |                                                         |   | (1,660,410                                          | )      |   | - |   |   | (1,660,410 | ) |
| Other                Comprehensive Loss for the Period                                                           |   |                            | -           |                        |   | -                                         |   |                               | -       |                                                         |   | -                                                   |   |   | (156,470 | ) |   | (156,470 | ) |
| Balance                June 30, 2006 (Unaudited)                                                                 |   |                            | 100,125,000 |                        | $      | 100,125                                   |   | $                                  | 383,881 |                                                         | $      | (14,623,185                                         | )      | $ | (334,453 | ) | $ | (14,473,632 | ) |
|                                                                                                             |   |                            |        |                        |   |                                      |   |                               |    |                                                         |   |                                                |   |   |   |   |   |   |   |

| (1) | Including                $10,000,000 due to the promissory convertible note issued to the                shareholders of BDFC. |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

----

| Six                Months Ended June 30,                               |   | 2006   |        | 2005   |   |
|------------------------------------------------------------------------|--------|--------|-------------|--------|--------|
| Revenue                                                                |   |   |        |   |   |
| Coffee                Production                                       |   | $      | 255,096     |   | $      | -- |   |
| Rental                Income                                           |   |   | --          |   |   | 1,115,395 |   |
| Total                Revenue                                           |   |   | 255,096     |   |   | 1,115,395 |   |
| Operating                Expenses                                      |   |   |        |   |   |   |   |
| Cost                of revenues                                        |   |   | 341,747     |   |   | 239,347 |   |
| General                and administrative expenses                     |   |   | 835,864     |   |   | 243,501 |   |
| Total                Operating Expenses                                |   |   | 1,177,611   |   |   | 482,848 |   |
|                                                                   |   |   |        |   |   |   |   |
| Income                (Loss) From operations                           |   |   | (922,515    | )      |   | 632,547 |   |
| Financial                Expenses, net                                 |   |   | (685,390    | )      |   | (283,016 | ) |
| Other                Expenses                                          |   |   | (52,505     | )      |   | - |   |
|                                                                   |   |   |        |   |   |   |   |
| Net                Income (Loss) for the period                        |   |   | (1,660,410  | )      |   | 349,531 |   |
|                                                                   |   |   |        |   |   |   |   |
| Other                Comprehensive Loss                                |   |   |        |   |   |   |   |
| Foreign                Currency Translation                            |   |   | (156,470    | )      |   | - |   |
| Comprehensive                Income (Loss) for the Period              |   | $      | (1,816,880  | )      | $      | 349,531 |   |
|                                                                   |   |   |        |   |   |   |   |
| Net                Income (Loss) Per Share - Basic and Diluted         |   | $      | (0.02       | )      | $      | 0.08 |   |
|                                                                   |   |   |        |   |   |   |   |
| Weighted                Average Shares Outstanding - Basic and Diluted |   |   | 100,104,167 |   |   | 4,242,908 |   |

----

| Three                Months Ended June 30,                             |   | 2006   |        | 2005   |   |
|------------------------------------------------------------------------|--------|--------|-------------|--------|--------|
| Revenue                                                                |   |   |        |   |   |
| Coffee                Production                                       |   | $      | 72,237      |   | $      | -- |   |
| Rental                Income                                           |   |   | --          |   |   | 874,833 |   |
| Total                Revenue                                           |   |   | 72,237      |   |   | 874,833 |   |
| Operating                Expenses                                      |   |   |        |   |   |   |   |
| Cost                of revenues                                        |   |   | 87,923      |   |   | 209,967 |   |
| General                and administrative expenses                     |   |   | 367,989     |   |   | 183,360 |   |
| Total                Operating Expenses                                |   |   | 455,912     |   |   | 393,327 |   |
|                                                                   |   |   |        |   |   |   |   |
| Income                (Loss) From operations                           |   |   | (383,675    | )      |   | 481,506 |   |
| Financial                Expenses, net                                 |   |   | (483,049    | )      |   | (100,947 | ) |
| Other                Expenses                                          |   |   | (52,505     | )      |   | - |   |
|                                                                   |   |   |        |   |   |   |   |
| Net                Income (Loss) for the period                        |   |   | (919,229    | )      |   | 380,559 |   |
|                                                                   |   |   |        |   |   |   |   |
| Other                Comprehensive Loss                                |   |   |        |   |   |   |   |
| Foreign                Currency Translation                            |   |   | (11,528     | )      |   | - |   |
| Comprehensive                Income (Loss) for the Period              |   | $      | (930,757    | )      | $      | 380,559 |   |
|                                                                   |   |   |        |   |   |   |   |
| Net                Income (Loss) Per Share - Basic and Diluted         |   | $      | (0.01       | )      | $      | 0.09 |   |
|                                                                   |   |   |        |   |   |   |   |
| Weighted                Average Shares Outstanding - Basic and Diluted |   |   | 100,125,000 |   |   | 4,242,908 |   |

----

| Six                Months Ended June 30,                                                                                     |   | 2006   |       | 2005   |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|
| Cash                Flows from Operating Activities                                                                          |   |   |       |   |   |
| Net                Income (Loss) For the Period                                                                              |   | $      | (1,660,410 | )      | $      | 349,531 |   |
| Adjustments                To Reconcile Net Income For The Period To Net Cash Flows From Operating                Activities |   |   |       |   |   |   |   |
| Depreciation                                                                                                                 |   |   | 73,251     |   |   | 66,554 |   |
| Deferred                Income Taxes                                                                                         |   |   | 33,703     |   |   | 91,582 |   |
| Provision                for Contingencies                                                                                   |   |   | 9,862      |   |   | 59,317 |   |
| Interest                due to convertible notes and bank loans                                                              |   |   | 788,150    |   |   | -- |   |
| Changes                in Operating Assets and Liabilities                                                                   |   |   |       |   |   |   |   |
| Accounts                Receivable                                                                                           |   |   | (22,967    | )      |   | -- |   |
| Inventories                                                                                                                  |   |   | (11,477    | )      |   | (119,249 | ) |
| Other                receivable                                                                                              |   |   | (44,217    | )      |   | (63,490 | ) |
| Taxes                Recoverable                                                                                             |   |   | (8,398     | )      |   | (25,314 | ) |
| Accounts                Payable                                                                                              |   |   | 152,570    |   |   | (9,752 | ) |
| Other                Payable                                                                                                 |   |   | 469,239    |   |   | 138,562 |   |
| Net                Cash Flows from Operating Activities                                                                      |   |   | (220,694   | )      |   | 487,741 |   |
|                                                                                                                         |   |   |       |   |   |   |   |
| Cash                Flows from Investing Activities                                                                          |   |   |       |   |   |   |   |
| Acquisition                of Property, Plant and Equipment                                                                  |   |   | --         |   |   | (158,317 | ) |
| Net                Cash Flows from Investing Activities                                                                      |   |   | --         |   |   | (158,317 | ) |
|                                                                                                                         |   |   |       |   |   |   |   |
| Cash                Flows from Financing Activities                                                                          |   |   |       |   |   |   |   |
| Repayment                of Debt                                                                                             |   |   | (214,173   | )      |   | (198,895 | ) |
| Loan                from Related Party                                                                                       |   |   | 206,818    |   |   | -- |   |
| Proceeds                from issuance of convertible note                                                                    |   |   | 150,000    |   |   | -- |   |
| Net                Cash Flows from Financing Activities                                                                      |   |   | 142,645    |   |   | (198,895 | ) |
|                                                                                                                         |   |   |       |   |   |   |   |
| Increase                (decrease) in cash and cash equivalents                                                              |   |   | (78,049    | )      |   | 130,529 |   |
| Effect                of Exchange Rate Changes of Cash                                                                       |   |   | 990        |   |   | 8,827 |   |
| Net                Change in Cash                                                                                            |   |   | (77,059    | )      |   | 139,356 |   |
| Cash                - Beginning of Period                                                                                    |   |   | 84,217     |   |   | 8,671 |   |
| Cash                - End of Period                                                                                          |   | $      | 7,158      |   | $      | 148,027 |   |

----

----

----

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

----

----

----

----

| a) | Evaluation                of Disclosure Controls and Procedures. As of June 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. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

----

| 1. | The                Company filed a Current Report on Form 8-K, dated January 18, 2006,                announcing the appointment of Yaron Arbell and Jacques Ollech as                directors                of the Company on January 12, 2006. The report also announced that                Mr. Arbell had been appointed the Chief Executive Officer of the                Company                (replacing Daniel Ollech), Mr. Jacques Ollech had been named an Executive                Vice President of the Company and Yossi Haras had been appointed                the Chief                Financial Officer of the Company (replacing Daniel                Ollech). |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The                Company filed a Current Report on Form 8-K, dated March 9, 2006,                announcing the resignation of Valquiria Cunha as a director of the                Company                on March 5, 2006. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Number |   | Title                                                                                                                                                                                                                                           |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                            |
| 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 |

----

----