**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-KSB**

**[X}        ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF      THE      SECURITIES EXCHANGE ACT OF 1934**

**ROSEWIND      CORPORATION**

| COLORADO                                                | 47-0883144                                          |
|---------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction of          | (I.R.S.                Employer Identification No.) |
| incorporation                or organization)           |                                                |
|                                                    |                                                |
|                                                    |                                                |
| 16200                WCR 18E, Loveland, Colorado        | 80537                                               |
| (Address                of principal executive offices) | (Zip                code)                           |

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**ROSEWIND      CORPORATION**

**FORM      10-KSB FOR THE YEAR ENDED AUGUST 31, 2007**

**TABLE      OF CONTENTS**

| PART                  I                                                                                                                                               | Page   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                  |   |
| Item                  1.  Description of Business                                                                                                           | 3      |
| Item                  2.  Description of Property                                                                                                                | 10     |
| Item                  3.  Legal Proceedings                                                                                                                      | 10     |
| Item                  4.  Submission of Matters to a Vote of Security                  Holders                                                                   | 10     |
|                                                                                                                                                                  |   |
| PART                  II                                                                                                                                              |   |
|                                                                                                                                                                  |   |
| Item                  5.  Market for Common Equity and Related Stockholder                  Matters                                                              | 11     |
| Item                  6.  Management’s Discussion and Analysis or Plan of                  Operation                                                       | 13     |
| Item                  7.  Financial Statements                                                                                                                   | 18     |
| Item                  8.  Changes in and Disagreements With Accountants on Accounting and                  Financial Disclosure                                  | 31     |
| Item                  8A. Contols and Procedures                                                                                                                      | 31     |
|                                                                                                                                                                  |   |
| PART                  III                                                                                                                                             |   |
|                                                                                                                                                                  |   |
| Item                  8B. Other Information.                                                                                                                          | 31     |
| Item                  9.   Directors, Executive Officers, Promoters and Control                  Persons; Compliance with Section 16(a) of the Exchange Act | 31     |
| Item                  10. Executive Compensation                                                                                                                      | 34     |
| Item                  11. Security Ownership of Certain Beneficial Owners and Management                  And                  Related Stockholder Matters            | 34     |
| Item                  12. Certain Relationships and Related Transactions                                                                                              | 35     |
| Item                  13. Exhibits                                                                                                                                    | 36     |
| Item                  14. Principal Accountant Fees and Services                                                                                                      | 36     |

*-          2          -*

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**Part      I.**

**Item      1. Description of Business**

**Company      History**

**Principal      Services and their Markets**

*-          3          -*

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| ·   | Marine                Environment and Safety at Sea |
|--------------------|-----------------------------------------------------|

| ·   | Life                Rafts and Ditch Bags |
|--------------------|------------------------------------------|

| ·   | Medical                Preparedness and First Aid |
|--------------------|---------------------------------------------------|

| ·   | Features                off Offshore Capable Vessels |
|--------------------|------------------------------------------------------|

| ·   | Rigging                and Deck Gear |
|--------------------|--------------------------------------|

| ·   | Tools,                Mechanical and Electrical Skills |
|--------------------|--------------------------------------------------------|

| ·   | Sails,                Rope work and Sewing |
|--------------------|--------------------------------------------|

| ·   | Sail                Handling |
|--------------------|------------------------------|

| ·   | 12                Volt Electrical Systems |
|--------------------|-------------------------------------------|

| ·   | Boat                Electronics, Instruments, Radio and                Radar |
|--------------------|------------------------------------------------------------------------------|

| ·   | Auxiliary                Diesel Maintenance and Repair |
|--------------------|--------------------------------------------------------|

| ·   | Heavy                Weather Seamanship |
|--------------------|-----------------------------------------|

| ·   | Weather,                Pilot Charts and Navigation |
|--------------------|-----------------------------------------------------|

| ·   | Passagemaking |
|--------------------|---------------|

| ·   | Boat                Maintenance, Provisioning and Waste                Disposal |
|--------------------|---------------------------------------------------------------------------------|

| ·   | Ships                Papers, Zarpes and Permits |
|--------------------|-------------------------------------------------|

**Marketing      of our Service**

**Competition**

**Intellectual      Property**

*-          4          -*

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**Governmental      Regulation**

**ENVIRONMENT**

**PRODUCT      LIABILITY**

**OUR      FACILITIES**

| Vessel                  Name                   | Six                  String                                            |
|------------------------------------------------|------------------------------------------------------------------------|
| Hailing                  Port                  | Loveland,                  Colorado                                    |
| Make/Model                                     | Jason                  35 Cutter                                       |
| Type                                           | Aft                  cockpit, cutter rigged sailing vessel             |
| Navigation                  Limits             | Suitable                  for recreational costal and offshore service |
| Current                  Fair market Value     | $43,000                  to $47,000                                    |
| Replacement                  Value as Equipped | $320,000                                                               |
| Model                  Year                    | Hull                  constructed 1982 with launch date in 1986        |
| Builder                                        | Custom                  Yacht Builders, Ontario, Canada                |
| HIN                  Number                    | Canadian                  Issued: 0781B3401                            |
| Official                  Number               | Federal                  Documentation 1092461                         |
| Aux.                  Propulsion               | Faryman                  R30M 24HP naturally aspired                   |
| Hull/Deck                  Color               | White                                                                  |
| LOA                                            | 34                  feet 6 inches                                      |
| LWL                                            | 27                  feet 4 inches                                      |
| Beam                                           | 11                  feet 2 inches                                      |
| Draft                                          | 5                  feet                                                |
| Displacement                                   | 16,800                  pounds dry weight                              |
| Sail                  Area                     | 634                  square feet                                       |

*-          5          -*

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**SEASONALITY**

**Our      business is materially affected by seasonal factors, including tropical storms,      cyclones and hurricanes, which generally occur during the summer and fall      seasons. We may relocate or curtail operations to reduce the risks associated      with these and other violent weather phenomena.**

**EMPLOYEES**

** RISKS      RELATED TO OUR BUSINESS**

*-          6          -*

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*-          7          -*

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**WE      DEPEND UPON OUR KEY PERSONNEL AND THEY WOULD BE DIFFICULT TO      REPLACE.**

*-          8          -*

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**RISKS      RELATED TO OUR INDUSTRY**

*-          9          -*

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| ·   | demonstration                of the efficacy and safety of our training methods and planned                curriculum; |
|--------------------|------------------------------------------------------------------------------------------------------------------------|

| ·   | cost-effectiveness; |
|--------------------|---------------------|

| ·   | potential                advantages of alternative sailing schools which may offer similar                opportunities; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------|

| ·   | the                effectiveness of marketing through classified                advertisements. |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | achieving                market acceptance of our hands-on approach to the training of                sailors. |
|--------------------|----------------------------------------------------------------------------------------------------------------|

**Item      2. Description of Property**

**DESCRIPTION      OF PROPERTY**

**Item      3. Legal Proceedings**

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

*-          10          -*

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**Item      5. Market for Common Equity and Related Stockholder      Matters.**

**MARKET      INFORMATION**

**HOLDERS**

**DIVIDENDS**

**WARRANTS      OR OPTIONS**

**EQUITY      COMPENSATION PLANS**

**RECENT      SALES OF UNREGISTERED SECURITIES; USE OF PROCEEDS FROM REGISTERED      SECURITIES**

*-          11          -*

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**PURCHASES      OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED      PURCHASERS**

**OUR      TRANSFER AGENT**

*-          12          -*

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**Item      6. Management’s Discussion and Analysis or Plan of      Operation**

**Forward-looking      statements**

**Plan      of Operation**

*-          13          -*

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*-          14          -*

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| Engine                  work                                                                                                                                                                                                   |   | $      | 1,000  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Electrical                  rewiring and new                  breakers                                                                                                                                                                                                                |   |   | 2,000  |   |
| New                  Anchor                  chain                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 1,000  |   |
| Running                  rigging                                                                                                                                                                                          |   |   | 320    |   |
| Tender                  and water maker                  maintenance                                                                                                                                                                                                                  |   |   | 330    |   |
| Welding                  and                  miscellaneous                                                                                                             |   |   | 380    |   |
| Nautical                  charts and                  tables                                                                                                                                                                   |   |   | 600    |   |
| Chain                  plate x-ray                  survey                                                                                                                                                                     |   |   | 600    |   |
| Staff                  labor                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 4,000  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |
| Total                  Phase                  I                                                                                                                                                                                |   | $      | 10,230 |   |

| Dodger                and Mainsail fabrication                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | 2,800  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Haul-out                  and per-diem costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 1,700  |   |
| Resurface                  deck and                  topsides                                                                                                             |   |   | 2,600  |   |
| Refurbish                  gel coat                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 1,100  |   |
| Repaint                  bottom                                                                                                                                                                                                  |   |   | 400    |   |
| Additional                  Charts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 2,000  |   |
| Staff                  Labor                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 8,000  |   |
| Total                  Phase                  II                                                                                                                                                                                 |   | $      | 18,600 |   |

**Cost      of Operations.**

| Staff                                                                                                                                                                                                                                                    |   | $      | 4,000 |  (1) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------|-----------|
| Fuel                  and                  Phone                                                                                                                                                                                                                                                      |   |   | 300   |      |
| Provisions                  and                  Supplies                                                                                                                                                                                                |   |   | 900   |      |
| Travel                  and                  Lodging                                                                                                                                                                                                                                             |   |   | 1,500 |      |
| Note                  Interest                                                                                                             |   |   | 450   |      |
| Home                  Office                  Rent                                                                                                                                                                                                                                                         |   |   | 300   |      |
| Bookkeeper                                                                                                                                                                                        |   |   | 200   |      |
| Total                                                                                                                                                                                                                                                    |   | $      | 7,600 |      |

*-          15          -*

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| Staff                                                                                                                                                                                                                                                          |   | $      | 4,000  |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Fuel                  and                  Phone                                                                                                                                                                                                                                                            |   |   | 500    |   |
| Provisions                  and Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 2,700  |   |
| Travel                  and                  Lodging                                                                                                                                                                                                 |   |   | 500    |   |
| Note                  Interest                                                                                                              |   |   | 500    |   |
| Home                  Office                  Rent                                                                                                                                                                                                                                                               |   |   | 300    |   |
| Bookkeeper                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 250    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |
| Total                                                                                                                                                                                                                                                          |   | $      | 8,750  |   |

**Estimated      Public Company Costs**

| Annual                  Audit, Form 10-K, Form                  10Qs                                                                                                                                                                                                                                                                          |   |   | 12,500 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Annual                  Transfer                  agent                                                                                                                       |   |   | 2,500  |   |
| Annual                  legal                                                                                                                                                                                                   |   |   | 5,000  |   |
| Total                  Annual Public Company Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | $      | 20,000 |   |

**Our      Expected Cash flow.**

| Quarterly                  Revenue from Training Voyages      $1,750                  per student X 2 students                  X 6 voyages  |   | $      | 21,000  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| Quarterly                  Operating Expense                                                                                                                               |   |   | 8,750   |   |
| Quarterly                  Public Company Expense                                                                                                                          |   |   | 5,000   |   |
| Quarterly                  Marketing Expense                                                                                                                          |   |   | 750     |   |
| Less                  Total Quarterly Expenses                                                                                                                        |   |   | -14,500 |   |
| Estimated                  Quarterly Cash Flow                                                                                                                             |   | $      | 6,500   |   |

*-          16          -*

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**Our      Potential for Growth.**

**Financial        Condition and Results of Operation**

| 1.   | General                  and administrative expenses decreased by $44,858, or 69%, to $20,144                  for                  the year ended August 31, 2007  from $65,002 for the prior year                  ended August 31, 2006. We partially attribute this decrease in                  expenses to                  the $8,231  increase in contributed services from a related                  party. We attribute the remaining decrease in General and administrative                  expenses to fewer front end expenses in connection with preparation                  of our                  Registration Statement during fiscal 2007, as compared with fiscal                  2006,                  and to fewer expenses incurred with the start up of our company                  and the                  related private placement which occurred during fiscal                  2006. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Professional                  fees increased by $15,796 to $17,350 for the year ended August                  31, 2007                  from $1,554 for the prior year ended August 31, 2006. This is attributable                  to increased frequency and cost of accounting and auditing services                  incurred in connection the SEC review of our Registration                  Statement. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*-            17 -*

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**Liquidity        and Capital Resources**

**Item      7. Financial Statements.**

*-          18 -*

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**Index      to Financial Statements**

| Report                of Independent Registered Public Accounting Firm | 20     |
|------------------------------------------------------------------------|--------|
|                                                                   |   |
| Balance                Sheet                                           | 21     |
|                                                                   |   |
| Statements                of Operations                                | 22     |
|                                                                   |   |
| Statements                of Stockholders’ Deficit               | 23     |
|                                                                   |   |
| Statements                of Cash Flows                                | 24     |
|                                                                   |   |
| Notes                to the Financial Statements                       | 25     |

*-            19 -*

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**REPORT        OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

*-          20 -*

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**ROSEWIND      CORPORATION**

**(A      Development Stage Company)**

**Balance      Sheet**

|                                                                     |   | **August                31,** |     |
|--------------------------------------------------------------------------|--------|-------------------------------|----------|
|                                                                     |   | **2007**                      |     |
| **Assets**                                                               |   |
|                                                                     |   |                          |     |
| Current                Assets:                                           |   |                          |     |
| Cash                                                                     |   | $                             | 23,358   |   |
|                                                                     |   |                          |     |   |
| Total                current assets                                      |   |                          | 23,358   |   |
|                                                                     |   |                          |     |   |
| Property                and equipment, net                               |   |                          | 36,315   |   |
|                                                                     |   |                          |     |   |
| Total                assets                                              |   | $                             | 59,673   |   |
|                                                                     |   |                          |     |   |
|                                                                     |   |                          |     |   |
| **Liabilities                and Shareholders’ Equity**            |   |
| Current                liabilities:                                      |   |                          |     |   |
| Accrued                interest payable, related party                   |   | $                             | 4,726    |   |
| Accounts                payable                                          |   |                          | 1,741    |   |
| Loans                payable to related party                            |   |                          | 34,400   |   |
|                                                                     |   |                          |     |   |
| Total                current liabilities                                 |   |                          | 40,867   |   |
|                                                                     |   |                          |     |   |
| Shareholders’                equity:                               |   |                          |     |   |
| Common                stock, no par value; 20,000,000 shares authorized, |   |                          |     |   |
| 3,150,000                shares issued and outstanding                   |   |                          | 145,500  |   |
| Additional                paid-in capital                                |   |                          | 11,461   |   |
| Accumulated                other comprehensive gain                      |   |                          | 417      |   |
| Accumulated                deficit                                       |   |                          | (500     | ) |
| Deficit                accumulated during development stage              |   |                          | (138,072 | ) |
| Total                shareholder’s equity                          |   |                          | 18,806   |   |
|                                                                     |   |                          |     |   |
| Total                liabilities and shareholders' equity                |   | $                             | 59,673   |   |

*-            21 -*

----

**ROSEWIND      CORPORATION**

**(A      Development Stage Company)**

**Statements      of Operations**

|                                                        |   |                                  |      |   |                          |   |      | **March                1,** |   |
|-------------------------------------------------------------|--------|---------------------------------------|-----------|--------|-------------------------------|--------|-----------|-----------------------------|--------|
|                                                        |   |                                  |      |   |                          |   |      | **2005**                    |   |
|                                                        |   |                                  |      |   |                          |   |      | **(Inception)**             |   |
|                                                        |   | **For                the Year Ended** |      |   | **Through**                   |   |
|                                                        |   | **August                31,**         |      |   | **August                31,** |   |
|                                                        |   | **2007**                              |      |   | **2006**                      |   |      | **2007**                    |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |
| Revenue                                                     |   | $                                     | —   |   |                          | $      | —   |                        |   | $ | — |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Operating                expenses:                          |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Professional                fees                            |   |                                  | 17,350    |   |                          |   | 1,554     |                        |   |   | 21,904 |   |
| Contributed                services, related party (Note 2) |   |                                  | 9,396     |   |                          |   | 1,965     |                        |   |   | 9,396 |   |
| General                and administrative                   |   |                                  | 20,144    |   |                          |   | 65,002    |                        |   |   | 102,046 |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Total                operating expenses                     |   |                                  | 46,890    |   |                          |   | 68,521    |                        |   |   | 133,346 |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Loss                from operations                         |   |                                  | (46,890   | )      |                          |   | (68,521   | )                           |   |   | (133,346 | ) |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Other                Income (Expense)                       |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Interest                expense                             |   |                                  | (2,064    | )      |                          |   | (1,920    | )                           |   |   | (4,726 | ) |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Total                other expenses                         |   |                                  | (2,064    | )      |                          |   | (1,920    | )                           |   |   | (4,726 | ) |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Net                loss                                     |   |                                  | (48,954   | )      |                          |   | (70,441   | )                           |   |   | (138,072 | ) |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Other                Comprehensive Income (Loss)            |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Gain                on foreign currency exchange            |   |                                  | 417       |   |                          |   | —   |                        |   |   | 417 |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Total                Comprehensive Loss                     |   | $                                     | (48,537   | )      |                          | $      | (70,441   | )                           |   | $ | (137,655 | ) |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Basic                and diluted loss per share             |   | $                                     | (0.02     | )      |                          | $      | (0.03     | )                           |   |   |   |   |
|                                                        |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| Basic                and diluted weighted average           |   |                                  |      |   |                          |   |      |                        |   |   |   |   |
| common                shares outstanding                    |   |                                  | 3,150,000 |   |                          |   | 2,757,397 |                        |   |   |   |   |

*-            22 -*

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**ROSEWIND      CORPORATION**

**(A      Development Stage Company)**

**Statements      of Changes in Shareholders' Equity**

|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   | **Deficit**     |   |
|-------------------------------------------------------|--------|---------------------------------|-----------|--------|-------------|--------|---------|-------------------|--------|--------|-----------------|--------|--------|-----------------|---------|--------|-----------------|--------|
|                                                  |   |                            |      |   |        |   |    |              |   |   | **Accumulated** |   |   |            |    |   | **Accumulated** |   |
|                                                  |   |                            |      |   |        |   |    | **Additional**    |   |   | **Other**       |   |   |            |    |   | **During**      |   |
|                                                  |   | **Common                Stock** |      |   | **Paid-in** |   |    | **Comprehensive** |   |   | **Accumulated** |   |   | **Development** |    |
|                                                  |   | **Shares**                      |      |   | **Amount**  |   |    | **Capital**       |   |   | **Loss**        |   |   | **Deficit**     |    |   | **Stage**       |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |
| Balance                at March 1, 2005 (inception)   |   |                            | 100,000   |   |        | $      | 500     |              |   | $      | 100             |   |   | $               | — |   |            | $      | (500 | ) |   | $ | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Common                stock issued in exchange for a  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Sailing                vessel at $0.034 per share     |   |                            | 1,150,000 |   |        |   | 39,000  |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Net                loss, period ended August 31, 2005 |   |                            | —   |   |        |   | — |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | (18,677 | ) |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Balance                at August 31, 2005             |   |                            | 1,250,000 |   |        |   | 39,500  |              |   |   | 100             |   |   |            | — |   |            |   | (500 | ) |   |   | (18,677 | ) |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Common                stock issued for services       |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| at                $0.04 per share                     |   |                            | 700,000   |   |        |   | 28,000  |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Common                stock issued for services to a  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| related                party at $0.04 per share       |   |                            | 700,000   |   |        |   | 28,000  |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Common                stock issued for cash           |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| at                $0.10 per share                     |   |                            | 500,000   |   |        |   | 50,000  |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Contributed                capital                    |   |                            | —   |   |        |   | — |              |   |   | 1,965           |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Net                loss, year ended August 31, 2006   |   |                            | —   |   |        |   | — |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | (70,441 | ) |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Balance                at August 31, 2006             |   |                            | 3,150,000 |   |        |   | 145,500 |              |   |   | 2,065           |   |   |            | — |   |            |   | (500 | ) |   |   | (89,118 | ) |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Contributed                capital                    |   |                            | —   |   |        |   | — |              |   |   | 925             |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Office                space contributed by an officer |   |                            | —   |   |        |   | — |              |   |   | 1,200           |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Services                contributed by an officer     |   |                            | —   |   |        |   | — |              |   |   | 7,271           |   |   |            | — |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Foreign                currency exchange gain         |   |                            | —   |   |        |   | — |              |   |   | —         |   |   |            | 417     |   |            |   | — |   |   |   | — |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Net                loss, year ended August 31, 2007   |   |                            | —   |   |        |   | — |              |   |   | —         |   |   |            | — |   |            |   | — |   |   |   | (48,954 | ) |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
|                                                  |   |                            |      |   |        |   |    |              |   |   |            |   |   |            |    |   |            |   |   |   |   |   |   |   |
| Balance                at August 31, 2007             |   |                            | 3,150,000 |   |        | $      | 145,500 |              |   | $      | 11,461          |   |   | $               | 417     |   |            | $      | (500 | ) |   | $ | (138,072 | ) |

*-            23 -*

----

**ROSEWIND      CORPORATION**

**(A      Development Stage Company)**

**Statements      of Cash Flows**

|                                                             |   |                                  |    |   |                          |   |    | **March                1,** |   |
|------------------------------------------------------------------|--------|---------------------------------------|---------|--------|-------------------------------|--------|---------|-----------------------------|--------|
|                                                             |   |                                  |    |   |                          |   |    | **2005**                    |   |
|                                                             |   |                                  |    |   |                          |   |    | **(Inception)**             |   |
|                                                             |   | **For                The Year Ended** |    |   | **Through**                   |   |
|                                                             |   | **August                31,**         |    |   | **August                31,** |   |
|                                                             |   | **2007**                              |    |   | **2006**                      |   |    | **2007**                    |   |
| Cash                flows from operating activities:             |   |                                  |    |   |                          |   |    |                        |   |
| Net                loss                                          |   | $                                     | (48,954 | )      |                          | $      | (70,441 | )                           |   | $ | (138,072 | ) |
| Adjustments                to reconcile net loss to net cash     |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| used                by operating activities:                     |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Depreciation                expense                              |   |                                  | 6,420   |   |                          |   | 6,421   |                        |   |   | 15,513 |   |
| Contributed                capital to fund expenses              |   |                                  | 9,396   |   |                          |   | 1,965   |                        |   |   | 11,361 |   |
| Common                stock issued for services                  |   |                                  | — |   |                          |   | 56,000  |                        |   |   | 56,000 |   |
| Changes                in operating assets and liabilities:      |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| (Increase)                decrease in prepaid services           |   |                                  | 1,000   |   |                          |   | (1,000  | )                           |   |   | — |   |
| Increase                (decrease) in accounts payable           |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| and                accrued liabilities                           |   |                                  | 4,222   |   |                          |   | (1,499  | )                           |   |   | 6,884 |   |
| Net                cash used in                                  |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| operating                activities                              |   |                                  | (27,916 | )      |                          |   | (8,554  | )                           |   |   | (48,314 | ) |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Cash                flows from investing activities:             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Cash                paid for fixed assets                        |   |                                  | — |   |                          |   | — |                        |   |   | (12,828 | ) |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Cash                flows from financing activities:             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Common                stock issued for cash                      |   |                                  | — |   |                          |   | 50,000  |                        |   |   | 50,000 |   |
| Proceeds                from related party loans                 |   |                                  | 2,400   |   |                          |   | 4,000   |                        |   |   | 34,400 |   |
| Net                cash provided by                              |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| financing                activities                              |   |                                  | 2,400   |   |                          |   | 54,000  |                        |   |   | 84,400 |   |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Net                change in cash                                |   |                                  | (25,516 | )      |                          |   | 45,446  |                        |   |   | 23,258 |   |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Cash,                beginning of period                         |   |                                  | 48,874  |   |                          |   | 3,428   |                        |   |   | 100 |   |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Cash,                end of period                               |   | $                                     | 23,358  |   |                          | $      | 48,874  |                        |   | $ | 23,358 |   |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Supplemental                disclosure of cash flow information: |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Cash                paid during the period for:                  |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Income                taxes                                      |   | $                                     | — |   |                          | $      | — |                        |   | $ | — |   |
| Interest                                                         |   | $                                     | — |   |                          | $      | — |                        |   | $ | — |   |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
|                                                             |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| NON                CASH FINANCING ACTIVITIES:                    |   |                                  |    |   |                          |   |    |                        |   |   |   |   |
| Common                stock issued for services                  |   | $                                     | — |   |                          | $      | 56,000  |                        |   | $ | 56,000 |   |

*-            24 -*

----

**ROSEWIND      CORPORATION**

**Notes      to the Financial Statements**

*-            25 -*

----

**ROSEWIND      CORPORATION**

**Notes      to the Financial Statements**

|                                                                |   | 2007   |    |   | 2006   |   |
|---------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Deferred                tax assets:                                 |   |   |    |   |   |   |
|   NOL                Carryover                            |   | $      | 22,200  |   |   | $      | 12,200 |   |
|   Related                Party Accruals                   |   |   | 1,400   |   |   |   | - |   |
|                                                                |   |   |    |   |   |   |   |   |
|      Valuation                allowance    |   |   | (23,600 | )      |   |   | (12,200 | ) |
|      Net                deferred tax asset |   | $      | -       |   |   | $      | - |   |

|                                           |   | 2007   |    |   | 2006   |   |
|------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Book                Income                     |   | $      | (14,561 | )      |   | $      | (27,472 | ) |
| Meals                and Entertainment         |   |   | 455     |   |   |   | 22 |   |
| Stock                for Services              |   |   | 660     |   |   |   | 21,450 |   |
|                                           |   |   |    |   |   |   |   |   |
|   Valuation                allowance |   |   | 13,446  |   |   |   | 6,000 |   |
|                                           |   | $      | -       |   |   | $      | - |   |

*-            26 -*

----

**ROSEWIND      CORPORATION**

**Notes      to the Financial Statements**

|                                            |   | August                  31, |    |
|------------------------------------------------------|--------|-----------------------------|---------|
|                                                 |   | 2007                        |    |
|                                                 |   |                        |    |
| Sailing                  vessel                      |   | $                           | 51,828  |   |
|                                                 |   |                        |    |   |
| Accumulated                  depreciation            |   |                        | (15,513 | ) |
|                                                 |   |                        |    |   |
| Total                  Fixed                  Assets |   | $                           | 36,315  |   |

*-            27 -*

----

**ROSEWIND      CORPORATION**

**Notes      to the Financial Statements**

*Determining the      Variability to be Considered in Applying FASB Interpretation No. 46(R) *

*“Accounting for Uncertainty in Income Taxes”*
*“Accounting for Income Taxes.” *

*“Fair Value      Measurements” *

*-            28 -*

----

**ROSEWIND      CORPORATION**

**Notes      to the Financial Statements**

*“Employers’Accounting for Defined Benefit Pension and other Postretirement Plans,      an      amendment of FASB Statements No. 87, 88, 106 and 132- R” *

*Considering the Effects of Prior Year Misstatements When      Quantifying Misstatements in Current Year Financial Statements *

*-            29 -*

----

**ROSEWIND      CORPORATION**

**Notes      to the Financial Statements**

*-          30 -*

----

**Item      8. Changes in and Disagreements with Accountants and Accounting and Financial      Disclosure**

**Item      8A. Controls and Procedures.**

**Item      8B. Other information.**

**Part      III**

**Item      9. Directors, Executive Officers, Promoters and Control Persons; Compliance      With      Section 16(a) of the Exchange Act.**

| NAME                              | POSITION                                                                    | AGE      |
|-----------------------------------|-----------------------------------------------------------------------------|----------|
| James                  B. Wiegand | President,                  Chief Financial Officer, Secretary and Director |  61 |

**BUSINESS      EXPERIENCE**

**BUSINESS      EXPERIENCE **

**MR.      JAMES B. WIEGAND**

*-          31 -*

----

| Company                                                                | Status                          | DateFiled                10SB12G |  File                no | BusinessCombination                       | OperatingStatus                |
|------------------------------------------------------------------------|---------------------------------|----------------------------------|------------------------------|-------------------------------------------|--------------------------------|
|                                                                   |                            |                             |                         |                                      |                           |
| Preferred                  Financial Resources (formerly Copper Corp.) | Delinquent                      | 10/12/2001                       | 000-33247                    | New                  Management 7/15/2002 | Note                  1        |
|                                                                   |                            |                             |                         |                                      |                           |
| Akid                  Corporation                                      | Current                         | 9/15/1999                        | 000-27333                    | New                  Management 6/9/2005  | Note                  2        |
|                                                                   |                            |                             |                         |                                      |                           |
| Downside                  Up, Inc.                                     | Current                         | 2/28/2002                        | 000-49896                    | New                  Management 7/9/2005  | Note                  3        |
|                                                                   |                            |                             |                         |                                      |                           |
| Cytodyn                  Corporation (formerly Rexray Corp.)           | Current                         | 7/11/2002                        | 000-49908                    | New                  Management 5/15/2002 | Note                  4        |
|                                                                   |                            |                             |                         |                                      |                           |
| Jackray                  Corporation                                   | Current                         | 10/25/2005                       | 0-51586                      | None                                      | Note                  5        |
|                                                                   |                            |                             |                         |                                      |                           |
| Clair                  Coast Corporation                               | Current                         | 10/25/2005                       | 0-51586                      | None                                      | Note                  6        |
|                                                                   |                            |                             |                         |                                      |                           |
| Pinel                  Bay                                             |                    Current | 11/28/2006                       | 000-52204               | None                                      |                    Note 7 |
|                                                                   |                            |                             |                         |                                      |                           |
| Ambermax                   Corporation                            |  Current                   |  02/05/2007                 | 000-52447               |  None                                | Note                  8        |
|                                                                   |                            |                             |                         |                                      |                           |
| Ambermax                  II Corporation                               | Current                         | 02/05/2007                       | 000-52448                    | None                                 | Note                  9        |

*-          32 -*

----

| Note                  1. | James                  Wiegand acquired control shares from CMS on 1/28/2002. New management                  was                  issued control shares in connection with Share Purchase Agreement.                  New                  management undertook an audit of its housing business. Further                  fillings to                  update progress of the transaction are                  delinquent.                                                                                                                                                                          |
|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  2. | James                  Wiegand acquired control shares from CMS on 1/28/2002. New management                  was                  issued control shares in exchange for control of its plant pharmaceutical                  company. Company has changed its name to Mazal Plant Pharmaceutical.                  New                  management has filed to register certain shares. Trades on pink                  sheets                  with symbol “MZPP”.                                                                                                                     |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  3. | James                  Wiegand acquired control shares from CMS on 1/28/2002. Control                  shares were                  sold to new management. New management has not yet acquired an                  operating                  business.                                                                                                                                                                                                                                                                                                                                              |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  4. | James                  Wiegand incorporated Rexray Corporation and completed a private                  placement                  of common shares. Rexray acquired the assets of Cytodyn of New                  Mexico and                  changed its name to Cytodyn Corporation. New Management registered                  certain                  shares and is preparing to submit its AIDS infusion drug, Cytolin,                  for FDA                  Phase II/III Testing. Cytodyn’s common shares trade on the OTCBB with the                  symbol “CYDYE”. |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  5. | James                  Wiegand incorporated Jackray Corporation and completed a private                  placement                  of common shares. Control shares were sold to new management on                  September                  30, 2006                                                                                                                                                                                                                                                                                                                                              |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  6. | James                  Wiegand incorporated Claire Coast Corporation and completed a private                  placement of common shares. Control shares were sold to new management                  on                  September 30, 2006.                                                                                                                                                                                                                                                                                                                                                         |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  7  | James                  Wiegand Incorporated Pinel Bay Corporation and completed a private                  placement of common shares. To date Pinel Bay has been unable to                  complete                  a business combination.                                                                                                                                                                                                                                                                                                                                                        |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  8  | James                  Wiegand Incorporated Ambermax Corporation and completed a private                  placement of common shares. To date Ambermax has been unable to                  complete a                  business combination.                                                                                                                                                                                                                                                                                                                                                          |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Note                  9  | James                  Wiegand Incorporated Ambermax II Corporation and completed a private                  placement of common shares. To date Ambermax II has been unable                  to                  complete a business combination.                                                                                                                                                                                                                                                                                                                                                    |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

*-          33 -*

----

**Item      10. Executive Compensation.**

**EXECUTIVE      COMPENSATION**

**SUMMARY      COMPENSATION TABLE**

|                                  |       |                               |                               | Long                Term        | All                Other   |   |
|---------------------------------------|------------|------------------------------------|------------------------------------|---------------------------------|----------------------------|--------|
|                                  |       | Annual                Compensation | Compensation                Awards | Compensation                ($) |                       |
|                                  |       |                               |                               |                            | Securities                 |   |
| Name                and               |       |                               |                               | Restricted                Stock | Underlying                 |   |
| Principal                Position     | Year       | Salary                ($)          | Bonus                ($)           | Awards                ($)       | Options                (#) |   |
|                                  |       |                               |                               |                            |                       |   |
| James                  B.             | 2007  | 0                                  | 0                                  | 0                               | 0                          |   |
| Wiegand                               | 2006       | 0                                  | 0                                  | 0                               | 0                          |   |
| President,                  Secretary | 2005       | 500(1)                             | 0                                  | 0                               | 0                          |   |
| and                  Director         | 2004       | 0                                  | 0                                  | 0                               | 0                          |   |

**Item      11. Security Ownership of Certain Beneficial Owners and      Management.**

*-          34 -*

----

| OFFICERS,                DIRECTORS                                                          | NUMBER                       | BENEFICIAL                   |
|---------------------------------------------------------------------------------------------|------------------------------|------------------------------|
| AND                5% STOCKHOLDERS                                                          | OF                SHARES     | OWNERSHIP                (%) |
|                                                                                        |                         |                         |
| James                  B. Wiegand                                                           | 1,250,000(1)*                | 39.7%                        |
|                                                                                        |                         |                         |
| Katherine                  Gould                                                            | 600,000                  (2) | 19.0%                        |
|                                                                                        |                         |                         |
| Michael                  Wiegand                                                            | 700,000(3)                   | 22.2%                        |
|                                                                                        |                         |                         |
| All                  directors and executive officersas                  a group (1 person) |  1,250,000*             |  39.7%                  |

**Item      12. Certain Relationships and Related Transactions.**

*-          35 -*

----

| ·   | any                of our directors or officers; |
|--------------------|--------------------------------------------------|

| ·   | any                person proposed as a nominee for election as a                director; |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | any                person who beneficially owns, directly or indirectly, shares carrying                more                than 5% of the voting rights attached to our outstanding shares of                common                stock; or |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | any                relative or spouse of any of the foregoing persons who has the same                house                as such person. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

**Item      13. Exhibits and Reports of Form 8-K**

***Exhibits***

| Exhibit                No. |                             Description                                                  |
|----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1                       | Certification                of Chief Executive Officer and Chief Financial Officer pursuant to                Rule                13a-14(a)/15(d)-14(a)                                                                                  |
| 32.1                       | Certification                of Chief Executive Officer and Chief Financial Officer pursuant to                18                U.S.C. Section 1350, as adopted pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002 |

***Reports on 8-K***

**Item      14. Principal Accountant Fees and Services**

*-          36 -*

----

**SIGNATURES**

|                                                                                           | **ROSEWIND                CORPORATION****                                  (**Registrant) |                                                |
|------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|
|                                                                                           |                                                                                                                                                                                |                                                |   |
| DATE:    November                21,                2007    | By:                                                                                                                                                                                 | /s/              James B. Wiegand                   |   |
|                                                                                           |                                                                                                                                                                                | James              B.              WiegandPresident |   |
|                                                                                           |                                                                                                                                                                                |                                                |   |
|                                                                                           |                                                                                                                                                                                |                                                |   |

*-      37-*

----

----