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


                                    FORM 10-Q


   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934


                         For the quarterly period ended
                                NOVEMBER 30, 2009


                       COMMISSION FILE NUMBER: 333-121044


                             W. S. INDUSTRIES, INC.
             ______________________________________________________
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


        Nevada                                          98-0439650
_______________________                     ____________________________________
(State of organization)                     (I.R.S. Employer Identification No.)


                                4255 Arbutus St.
                            Suite 250, Vancouver, BC
                                     V6J 4R1
                    ________________________________________
                    (Address of principal executive offices)


                                Tel: 604-830-6499
               __________________________________________________
               Registrant's telephone number, including area code


Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.

                                   Yes [X] No[ ]

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Website, if any, every Interactive Data File required to
be submitted and posted  pursuant to Rule 405 of Regulation  S-T  (ss.229.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files).

                                   Yes [ ] No [X]


Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a smaller reporting company. See
the definitions of "large accelerated  filer,"  "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated file [ ]                                 Accelerated filer [ ]

Non-accelerated filer  [ ]                         Smaller reporting company [X]


<PAGE>


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

                                   Yes [X] No [ ]


State the number of shares outstanding of each of registrant's classes of common
equity,  for the period covered by this report and as at the latest  practicable
date:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of November 30, 2009.


          TITLE OF EACH CLASS                                   NUMBER OF SHARES
________________________________________                        ________________
Common Stock, par value $0.001 per share                           21,088,680






















                                       2


<PAGE>


CONTENTS

PART I | FINANCIAL INFORMATION.................................................4

   ITEM 1 | FINANCIAL STATEMENTS...............................................4

   ITEM 2 | MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION
            AND RESULTS OF OPERATIONS.........................................13

      FINANCIAL CONDITION.....................................................13

      RESULTS OF OPERATIONS...................................................13

      LIQUIDITY AND CAPITAL REQUIREMENTS......................................14

   ITEM 3 | DISCLOSURES ABOUT MARKET RISK.....................................14

      FOREIGN CURRENCY........................................................14

      INFLATION...............................................................14

   ITEM 4 | CONTROLS AND PROCEDURES...........................................15

      EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES........................15

   ITEM 4T | CONTROLS AND PROCEDURES..........................................15

PART II | OTHER INFORMATION...................................................16

   ITEM 1 | LEGAL PROCEEDINGS.................................................16

   ITEM 1A | RISK FACTORS.....................................................16

   ITEM 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.......16

   ITEM 3 | DEFAULTS UPON SENIOR SECURITIES...................................16

   ITEM 4 | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS...............16

   ITEM 5 | OTHER INFORMATION.................................................16

   ITEM 6 | EXHIBITS AND REPORTS ON FORM 8-K..................................16

   ITEM 7 | SIGNATURES........................................................17


                                       3


<PAGE>


ITEM 1 FINANCIAL STATEMENTS












                              W.S. INDUSTRIES, INC.

                          (A Development Stage Company)


                          INTERIM FINANCIAL STATEMENTS


                                November 30, 2009


                                   (Unaudited)


                             (STATED IN US DOLLARS)












                                       4


<PAGE>

<TABLE>
<CAPTION>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                             INTERIM BALANCE SHEETS
                      November 30, 2009 and August 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                         November 30,     August 31,
                                                             2009            2009
                                                         ____________     __________
<S>                                                       <C>             <C>

                                     ASSETS
Current
    Cash                                                  $    6,607      $      856

Equipment- Note 3                                                258             279
                                                          __________      __________

                                                          $    6,865      $    1,135
                                                          ==========      ==========
                                   LIABILITIES
Current
   Accounts payable and accrued liabilities - Note 5      $  274,936      $  209,712

   Loans and advances - Note 5                                25,599          25,599
                                                          __________      __________

                                                             300,535         235,311
                                                          __________      __________

                            STOCKHOLDERS' DEFICIENCY
Capital Stock - Note 4

Common Stock, $0.001 par value
   25,000,000  authorized
   21,088,680  issued and outstanding
      (August 31, 2009: 21,088,680)                           21,089          21,089

Additional paid-in capital                                   214,097         214,097

Deficit accumulated during the development stage            (534,209)       (474,877)

Accumulated other comprehensive income                         5,353           5,515
                                                          __________      __________

                                                            (293,670)       (234,176)
                                                          __________      __________
                                                          $    6,865      $    1,135
                                                          ==========      ==========


Nature of Operations and Ability to Continue as a Going Concern - Note 1


APPROVED BY THE DIRECTOR:


             " JACK DEMPSEY"                Director
____________________________________________
               Jack Dempsey


</TABLE>


                                       5


<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
             INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
            for the three months ended November 30, 2009 and 2008 and
   for the period from April 5, 2004 (Date of Inception) to November 30, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                                                      April 5, 2004
                                                                                       (Date of
                                                         Three months ended           Inception) to
                                                            November 30,              November 30,
                                                        2009            2008              2009
                                                                                      (cumulative)
                                                    ____________    ____________      _____________
<S>                                                 <C>             <C>                 <C>

Revenue                                             $          -    $          -        $   17,285
                                                    ____________    ____________        __________

Expenses
   Administrative services                                 5,400           5,400            32,400
   Bad debt expense                                            -               -             8,085
   Bank charges and interest                               4,733           2,293            20,884
   Consulting fees                                             -               -             8,878
   Courier and postage                                         -               -               177
   Depreciation                                               21             267             1,983
   Entertainment                                               -               -             2,810
   Management fees and bonus - Note 5                     30,300          30,300           231,100
   Office and miscellaneous                                   25           1,000            12,673
   Professional fees                                      15,687          12,041           145,677
   Registration and filing fees                            3,016           4,592            31,088
   Rent                                                        -               -            17,418
   Research and marketing                                      -               -             7,500
   Telephone                                                   -               -             3,027
   Travel                                                      -               -             6,154
   Wages                                                       -               -             6,139
                                                    ____________    ____________        __________

                                                          59,182          55,893           535,993
                                                    ____________    ____________        __________

Loss before other items                                  (59,182)        (55,893)         (518,708)
   Interest income                                             -               -             4,327
   Foreign exchange gain (loss)                             (150)           (173)           (9,828)
   Impairment of investment                                    -               -           (10,000)
                                                    ____________    ____________        __________
Net loss for the period                                  (59,332)        (56,066)         (534,209)
Other comprehensive income (loss):
   Foreign currency translation adjustment                  (162)              -             5,353
                                                    ____________    ____________        __________

Comprehensive loss for the period                   $   (59,494)    $    (56,066)       $ (528,856)
                                                    ============    ============        ==========

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

Weighted average number of shares outstanding         21,088,680      21,088,680
                                                    ============    ============

</TABLE>

                                       6


<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
            for the three months ended November 30, 2009 and 2008 and
   for the period from April 5, 2004 (Date of Inception) to November 30, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                                                      April 5, 2004
                                                                                       (Date of
                                                         Three months ended           Inception) to
                                                            November 30,              November 30,
                                                        2009            2008              2009
                                                                                      (cumulative)
                                                    ____________    ____________      _____________
<S>                                                 <C>             <C>                 <C>

Cash Flows used in Operating Activities
    Net loss for the period                         $    (59,332)   $    (56,066)       $ (534,209)
    Items not affecting cash:
      Depreciation                                            21             267             1,983
      Impairment of investment                                 -               -            10,000
    Changes in non-cash working capital balances:
      Accounts payable and accrued liabilities            65,224          55,401           331,436
                                                    ____________    ____________        __________

Net cash provided by (used in) operating activities        5,913            (398)         (190,790)
                                                    ____________    ____________        __________

Cash Flows from Financing Activities
    Loans and advances                                         -               -            24,283
    Common stock issued                                        -               -           297,186
    Common stock repurchased                                   -               -           (62,000)
                                                    ____________    ____________        __________

Net cash provided by financing activities                      -               -           259,469
                                                    ____________    ____________        __________

Cash Flows used in Investing Activities
    Acquisition of equipment                                   -               -            (4,427)
    Acquisition of investments                                 -               -           (64,903)
                                                    ____________    ____________        __________

Net cash used in investing activities                          -               -           (69,330)
                                                    ____________    ____________        __________

Effect of exchange rate changes on cash                     (162)              -             7,258
                                                    ____________    ____________        __________

Net increase (decrease) in cash during the period          5,751            (398)            6,607

Cash, beginning of period                                    856             524                 -
                                                    ____________    ____________        __________

Cash, end of period                                 $      6,607    $        126        $    6,607
                                                    ============    ============        ==========

</TABLE>

                                       7


<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                 STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY)
      for the period April 5, 2004 (Date of Inception) to November 30, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                                                  Deficit
                                                  (Note 4)                      Accumulated    Accumulated
                                                Common Shares      Additional   During the        Other
                                       _________________________    Paid-in     Development   Comprehensive
                                          Number       Par Value    Capital        Stage         Income          Total
                                       _____________   _________   __________   ___________   _____________   __________
<S>                                    <C>             <C>         <C>          <C>             <C>           <C>

Issued for cash:
   Private placement agreements
                        - at $0.000049    20,007,680   $  20,008   $  (19,022)  $        -      $      -      $      986
                        - at $0.01         2,000,000       2,000       18,000             -            -          20,000
                        - at $0.20            81,000          81       16,119             -            -          16,200
Foreign currency translation adjustment            -           -            -             -          380             380
Net loss for the period                            -           -            -       (11,573)           -         (11,573)
                                       _____________   _________   __________   ___________     ________      __________
Balance, August 31, 2004                  22,088,680      22,089       15,097       (11,573)         380          25,993
Foreign currency translation adjustment            -           -            -             -        1,279           1,279
Net loss for the year                              -           -            -       (32,276)           -         (32,276)
                                       _____________   _________   __________   ___________     ________      __________
Balance, August 31, 2005                  22,088,680      22,089       15,097       (43,849)       1,659          (5,004)
Issued for cash:
   Private placement agreements
                        - at $0.20         1,000,000       1,000      199,000             -            -         200,000
Shares repurchased
                        - at $0.20        (2,000,000)     (2,000)    (398,000)            -            -        (400,000)
Capital contribution                               -           -      398,000             -            -         398,000
Foreign currency translation adjustment            -           -            -             -        4,788           4,788
Net loss for the year                              -           -            -       (51,090)           -         (51,090)
                                       _____________   _________   __________   ___________     ________      __________
Balance, August 31, 2006                  21,088,680      21,089      214,097       (94,939)       6,447         146,694
Issued for cash:
   Private placement agreements
                        - at $0.20           300,000         300       59,700             -            -          60,000
Shares repurchased - Note 4
                        - at $0.20          (300,000)       (300)     (59,700)            -            -         (60,000)
Foreign currency translation adjustment            -           -            -             -          785             785
Net loss for the year                              -           -            -       (54,962)           -         (54,962)
                                       _____________   _________   __________   ___________     ________      __________
Balance, August 31, 2007                  21,088,680      21,089      214,097      (149,901)       7,232          92,517
Foreign currency translation adjustment            -           -            -             -         (944)           (944)
Net loss for the year                              -           -            -      (128,431)           -        (128,431)
                                       _____________   _________   __________   ___________     ________      __________
Balance, August 31, 2008                  21,088,680      21,089      214,097      (278,332)       6,288         (36,858)
Foreign currency translation adjustment            -           -            -             -         (773)           (773)
Net loss for the year                              -           -            -      (196,545)           -        (196,545)
                                       _____________   _________   __________   ___________     ________      __________
Balance, August 31, 2009                  21,088,680      21,089      214,097      (474,877)       5,515        (234,176)
Foreign currency translation adjustment            -           -            -             -         (162)           (162)
Net loss for the period                            -           -            -       (59,332)           -         (59,332)
                                       _____________   _________   __________   ___________     ________      __________
Balance, November 30, 2009                21,088,680   $  21,089   $  214,097   $  (534,209)    $  5,353      $ (293,670)
                                       =============   =========   ==========   ===========     ========      ==========

</TABLE>

                                       8


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                November 30, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 1        NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN

              The Company is in the  development  stage and offers wine  storage
              and cellaring services.  The Company was incorporated in the State
              of  Nevada,  United  States  of  America  on April 5, 2004 and its
              fiscal year end is August 31.  Effective July 2, 2008, the Company
              is listed for trading on the  Over-the-Counter  Bulletin  Board in
              the United States of America.

              These  financial  statements have been prepared in accordance with
              generally accepted  accounting  principles in the United States of
              America on a going concern  basis,  which assumes that the Company
              will continue to realize its assets and discharge its  obligations
              and  commitments in the normal course of  operations.  Realization
              values may be  substantially  different  from  carrying  values as
              shown  and  these  financial  statements  do not  give  effect  to
              adjustments  that would be necessary  to the  carrying  values and
              classification  of assets and  liabilities  should the  Company be
              unable to continue as a going  concern.  At November 30, 2009, the
              Company had an accumulated  deficit of $534,209  (August 31, 2009:
              $474,877) and has a working  capital  deficit of $293,928  (August
              31, 2009:  $234,455)  and expects to incur  further  losses in the
              development of its business,  all of which casts substantial doubt
              about the Company's  ability to continue as a going  concern.  The
              Company's ability to continue as a going concern is dependent upon
              its ability to generate  future  profitable  operations  and/or to
              obtain the necessary  financing to meet its  obligations and repay
              its liabilities  arising from normal business operations when they
              come due.  Management  has no formal plan in place to address this
              concern  but is  considering  obtaining  additional  funds by debt
              financing  to the extent  there is a  shortfall  from  operations.
              While the  Company is  expending  its best  efforts to achieve the
              above plans,  there is no assurance  that any such  activity  will
              generate funds for operations.

              These  statements  reflect all  adjustments,  consisting of normal
              recurring  adjustments,  which in the  opinion of  management  are
              necessary  for  fair  presentation  of the  information  contained
              therein. It is suggested that these interim consolidated financial
              statements be read in  conjunction  with the audited  consolidated
              financial  statements of the Company for the year ended August 31,
              2009. The interim  results are not  necessarily  indicative of the
              operating  results  expected  for the full  fiscal  year ending on
              August 31, 2010.  Certain  information  and  footnote  disclosures
              normally included in financial  statements  prepared in accordance
              with generally accepted accounting  principles have been condensed
              or omitted  pursuant to such rules and  regulations,  although the
              Company believes that the disclosures  herein are adequate to make
              the information presented not misleading.


                                       9


<PAGE>


Note 2        SIGNIFICANT ACCOUNTING POLICES

              In  September  2006,  the  Financial  Accounting  Standards  Board
              ("FASB") issued  guidance which defined fair value,  established a
              framework   for  measuring   fair  value  in  generally   accepted
              accounting principles ("GAAP") and expanded disclosures about fair
              value  measurements.  The Company adopted this guidance  effective
              September 1, 2008. On September 1, 2009,  the Company  adopted the
              remaining  provisions of this accounting standard as it relates to
              non-financial  assets and  liabilities  that are not recognized or
              disclosed  at fair value on a  recurring  basis.  The  adoption of
              these   standards  did  not  impact  the  Company's   consolidated
              financial statements in any material respect.

              In December 2007, the FASB revised the authoritative  guidance for
              business  combinations,   which  establishes  the  principles  and
              requirements  for how the acquirer in a business  combination  (i)
              recognizes   and  measures  in  its   financial   statements   the
              identifiable  assets  acquired,  the  liabilities  assumed and any
              non-controlling  interest in the  acquiree,  (ii)  recognizes  and
              measures the goodwill  acquired in the business  combination  or a
              gain from a bargain purchase and (iii) determines what information
              to  disclose  to  enable  users  of the  financial  statements  to
              evaluate  the  nature  and  financial   effects  of  the  business
              combination.  The guidance is effective for  financial  statements
              issued for fiscal years  beginning  after  December 15, 2008.  The
              impact of this  guidance on the Company's  consolidated  financial
              statements  will  ultimately  depend  on the  terms of any  future
              business transactions.

              In February 2008, the FASB issued  guidance for all  non-financial
              assets  and  liabilities,  except  those  that are  recognized  or
              disclosed  at fair  value  in  issued  financial  statements  on a
              recurring   basis.   This  guidance  is  effective  for  financial
              statements  issued for fiscal years  beginning  after November 15,
              2008. The adoption of this guidance did not have a material impact
              on the Company's consolidated financial statements.

              In April 2008, the FASB issued guidance  amending the factors that
              should  be   considered   in   developing   renewal  or  extension
              assumptions  used to  determine  the useful  life of a  recognized
              intangible asset.  This guidance improves the consistency  between
              the useful life of a recognized intangible asset and the period of
              expected  cash flows used to measure  the fair value of the asset.
              This guidance was  effective for the Company on July 1, 2009.  The
              Company does not believe that the adoption of this  guidance  will
              have a material  effect on its  financial  position  or results of
              operations.

              In May 2009,  the FASB issued  guidance  related to accounting for
              and disclosure of events that happen after the date of the balance
              sheet but before  the  release of the  financial  statements.  The
              guidance  requires the  disclosure  of the date  through  which an
              entity has evaluated subsequent events and the basis for selecting
              that date.  This  guidance was  effective  for  reporting  periods
              ending after June 15, 2009.  The adoption of this guidance did not
              have a material  effect on its  financial  position  or results of
              operations.  The Company has evaluated subsequent events after the
              balance sheet date of November 30, 2009 through the filing date of
              this quarterly Report.


                                       10


<PAGE>


Note 2        SIGNIFICANT ACCOUNTING POLICES (CONT'D)


              In June  2009,  the  FASB  issued  the FASB  Accounting  Standards
              Codification  ("Codification")  establishing  the sole  source  of
              authoritative  U.S.  generally  accepted   accounting   principles
              ("GAAP").  Pursuant to the  provisions  of the  Codification,  the
              Company has updated references to GAAP in its financial statements
              for the period  ended  September  30,  2009.  The  adoption of the
              Codification  did not impact the Company's  financial  position or
              results of operations.


Note 3        EQUIPMENT

                                                  November 30, 2009
                                     ___________________________________________
                                                      ACCUMULATED
                                        COST          DEPRECIATION        NET
                                     ___________________________________________

              Computer equipment     $     1,940      $      1,682      $    258
                                     ===========      ============      ========


                                                    August 31, 2009
                                     ___________________________________________
                                        COST                               COST
                                     ___________________________________________

              Computer equipment     $     1,940      $      1,661      $    279
                                     ===========      ============      ========


Note 4        CAPITAL STOCK

              On May 31, 2004, the Company forward split its common stock on the
              basis of 20.3 new for 1 old.  The  number  of  shares  issued  and
              outstanding,  par value and  additional  paid-in  capital has been
              restated to give  retroactive  effect to the forward  split of its
              common stock.

              PRIVATE PLACEMENTS

              On May 31, 2004,  the Company issued  20,007,680  common shares at
              $0.000049 per share, for total proceeds of $986. During June 2004,
              the Company issued 2,000,000 common shares at $0.01 per share, for
              total proceeds of $20,000. During June, July, and August 2004, the
              Company issued 81,000 common shares at $0.20 per share,  for total
              proceeds  of  $16,200.  On  July  20,  2006,  the  Company  issued
              1,000,000  common shares at $0.20 per share, for total proceeds of
              $200,000.  On July 27, 2007,  the Company  issued  300,000  common
              shares at $0.20 per share, for total proceeds of $60,000.


                                       11


<PAGE>


Note 4        CAPITAL STOCK - (CONT'D)

              During the year ended  August 31,  2006,  the  Company  reacquired
              2,000,000  common shares from a director of the Company for $2,000
              pursuant to a promissory  note, which was paid prior to August 31,
              2006. The fair value of this transaction was recorded at $0.20 per
              share  and   consequently  the  Company  has  received  a  capital
              contribution of $398,000.

              In December  2006,  the Company  received an order for  production
              from the British Columbia Securities Commission to provide certain
              information and documents relating to, inter alia, the sale of the
              above noted  1,000,000  common shares at $0.20 per share to verify
              the  availability of the  registration  and prospectus  exemptions
              relied upon by the Company in offering such shares to residents of
              British  Columbia.  To resolve  the matter,  the Company  issued a
              voluntary  rescission offer to rescind any previous  subscriptions
              of these  shares  and  offered a full  refund of the  subscription
              monies. In lieu and in place of these shares,  the Company offered
              an  equivalent  number of shares for sale  pursuant to the updated
              private  placement  dated  June 27,  2007.  Of the  nine  original
              investors included in the 1,000,000 share private placement, three
              of these  investors  accepted  the  rescission  offer at $0.20 per
              share and were  refunded the total amount of their  investment  of
              $60,000 and 300,000  common  shares were  returned to treasury and
              cancelled.  The remaining six  investors  rejected the  rescission
              offer and three new  investors  completed  and paid the  remaining
              portion of the private placement by the payment of $60,000.

Note 5        RELATED PARTY TRANSACTIONS

              Pursuant to a resolution  dated June 1, 2008, the President of the
              Company  is to be paid a  monthly  management  fee of  $2,600  per
              month.  The  amount  may be  adjusted  from  time  to  time at the
              discretion of the Board of Directors.

              During the three  months  ended  November  30,  2009,  the Company
              incurred  management fees of $7,800 (2008:  $7,800) payable to the
              President of the Company.

              As at November 30, 2009, accounts payable includes $74,100 (August
              31, 2009: $66,300) due to the director of the Company with respect
              to the unpaid above noted fees and bonus and unpaid administrative
              reimbursements. The amount is unsecured, non-interest bearing, and
              due on demand.

              The Loans and advances of $25,599  (August 31, 2009:  $25,599) are
              unsecured,  non-interest  bearing  and have no  specific  terms of
              repayment.


                                       12


<PAGE>


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

THIS SECTION OF THIS REPORT INCLUDES A NUMBER OF FORWARD-LOOKING STATEMENTS THAT
REFLECT  OUR  CURRENT   VIEWS  WITH  RESPECT  TO  FUTURE  EVENTS  AND  FINANCIAL
PERFORMANCE.  FORWARD-LOOKING  STATEMENTS  ARE OFTEN  IDENTIFIED  BY WORDS LIKE:
BELIEVE, EXPECT, ESTIMATE,  ANTICIPATE, INTEND, PROJECT AND SIMILAR EXPRESSIONS,
OR WORDS WHICH,  BY THEIR NATURE,  REFER TO FUTURE EVENTS.  YOU SHOULD NOT PLACE
UNDUE CERTAINTY ON THESE FORWARD-LOOKING STATEMENTS,  WHICH APPLY ONLY AS OF THE
DATE OF THIS REPORT.  THESE  FORWARD-LOOKING  STATEMENTS  ARE SUBJECT TO CERTAIN
RISKS AND  UNCERTAINTIES  THAT COULD CAUSE ACTUAL  RESULTS TO DIFFER  MATERIALLY
FROM HISTORICAL RESULTS OR OUR PREDICTIONS.


FINANCIAL CONDITION

We are a development stage corporation and have realized limited  operations and
generated limited revenues from our business operations.

On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board
("OTCBB")  under the symbol  "WSID".  For the interim  period ended November 30,
2009 we generated no revenues from operations and have experienced  losses since
inception.

As of the period ended November 30, 2009 the Company has cash on hand of $6,607,
compared  to $856 as at  August  31,  2009.  There is  considerable  doubt as to
whether the Company can continue in the wine storage industry and we may need to
consider an alternate business model if we are to become profitable. The Company
is open to new opportunities and is seeking to broaden its horizons.

At November 30, 2009 the Company  estimated  that it would  require  $125,000 to
meet its operating  needs for the current  fiscal year,  the Company has not yet
satisfied its need for cash. The Company will rely on its President to determine
how to raise these funds, bearing in mind the best interests of the Company.


RESULTS OF OPERATIONS

There is limited historical financial information about us upon which to base an
evaluation of our performance.  We are in development  stage operations and have
generated  limited  revenues.  We cannot  guarantee we will be successful in our
business  operations.   Our  business  is  subject  to  risks  inherent  in  the
establishment of a new business enterprise,  including limited capital resources
and possible cost overruns.

To  date,  the  Company  has not  recognized  significant  revenue  through  its
operations and had an accumulated  deficit of $534,209 since inception.  We have
no  assurance  that,  if needed,  future  financing  will be  available to us on
acceptable terms. If financing is not available on satisfactory terms, we may be
unable to continue,  develop or expand our  operations.  Equity  financing could
result in additional dilution to existing shareholders.

On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board
("OTCBB")  under the symbol "WSID".  We have no revenues from  operations,  have
experienced losses since inception,  have been issued a going concern opinion by
our auditors and rely upon the sale of our securities to fund operations.

In the three  month  period  ended  November  30,  2009 our net loss was $59,332
compared to $56,066 for the three month  period ended  November  30, 2008.  This
difference was due to an increase in several areas.


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<PAGE>


RESULTS OF OPERATIONS - CONTINUED

Professional  fees,  which  include  accounting  and audit fees and legal  fees,
increased for the period ended  November 30, 2009, at $15,687 up from $12,041 in
2008.  Bank  charges and interest  were higher at $4,733 for 2009;  in 2008 bank
charges and interest were $2,293.  This increase is a result of interest charges
incurred on unpaid management fees.

Office and  miscellaneous  costs  decreased  for this period ended  November 30,
2009, at $25 versus  $1,000 in 2008.  This cost was primarily due to the Company
paying for expenses hosting the website.


LIQUIDITY AND CAPITAL REQUIREMENTS

As of November  30,  2009,  the Company  had total  assets of $6,865,  and total
liabilities of $300,535. As of November 30, 2009, the Company had cash of $6,607
and negative working capital of $293,928.

Cash provided by operating  activities  for the three months ended  November 30,
2009 was $5,913 as compared to cash used in  operating  activities  for the same
period in 2008 of $(398). The increase in cash used in operating  activities was
primarily due to the fact that  operations  for the three months ended  November
30, 2009 was largely funded by the an advance included in accrued liabilities.

The Company  has no other  capital  resources  other than the ability to use its
common stock to raise  additional  capital.  The  Company's  current cash is not
sufficient to sustain operations in the next 3 months. Estimated cash needed for
next  12  months  is  $125,000.  The  cash  will  be  mainly  used  for  general
administrative,   corporate  (legal,   accounting  and  audit),   financing  and
management.

No commitments to provide additional funds have been made by management or other
stockholders except as set forth above.  Accordingly,  there can be no assurance
that any additional  funds will be available to the Company to allow it to cover
operation  expenses.  There  are no  assurances  that we will be able to  secure
further funds  required for our  continued  operations.  We will pursue  various
financing   alternatives   to  meet  our  immediate   and  long-term   financial
requirements.  There  can be no  assurance  that  additional  financing  will be
available  to us when  needed  or,  if  available,  that it can be  obtained  on
commercially  reasonable  terms.  If we are not able to  obtain  the  additional
financing  on a timely  basis,  we will be unable to conduct our  operations  as
planned,  and we will not be able to meet our other  obligations  as they become
due.  In such event,  we will be forced to scale down or perhaps  even cease our
operations.


                     ITEM 3 | DISCLOSURES ABOUT MARKET RISK


FOREIGN CURRENCY

In addition to the U.S.  Dollar,  we conduct  business in Canadian  Dollars and,
therefore, are subject to foreign currency exchange risk on cash flows primarily
related to expenses.  Accounting and management fees which make up approximately
three quarters of our expenses are paid in US funds.  Since we primarily operate
in US dollars our exposure to foreign  currency risk should the Canadian  dollar
appreciate  is  limited.  To date we have not engaged in hedging  activities  to
hedge our foreign currency  exposure.  In the future,  we may enter into hedging
instruments  to manage our  foreign  currency  exchange  risk or  continue to be
subject to exchange rate risk.


INFLATION

Although  inflation  has not  materially  impacted our  operations in the recent
past,  increased  inflation  could have a negative  impact on our  operating and
general and administrative expenses, as these costs could increase.


                                       14


<PAGE>


                        ITEM 4 | CONTROLS AND PROCEDURES


Evaluation  of  Disclosure  Controls  and  Procedures:  Disclosure  controls and
procedures are designed to ensure that  information  required to be disclosed in
the reports  filed or submitted  under the Exchange Act is recorded,  processed,
summarized and reported, within the time period specified in the SEC's rules and
forms. Disclosure controls and procedures include, without limitation,  controls
and procedures  designed to ensure that information  required to be disclosed in
the reports  filed under the Exchange Act is  accumulated  and  communicated  to
management,  including the Chief Executive Officer and Chief Financial  Officer,
as appropriate,  to allow timely decisions regarding required disclosure.  As of
the end of the period  covered by this  report,  we carried  out an  evaluation,
under the supervision and with the  participation  of our management,  including
our Chief Executive Officer and Chief Financial Officer, of the effectiveness of
the design and operation of our disclosure  controls and procedures.  Based upon
and as of the date of that  evaluation,  the Chief  Executive  Officer and Chief
Financial Officer concluded that our disclosure  controls and procedures are not
effective to ensure that information required to be disclosed in the reports our
files and submits under the Exchange Act is recorded, processed,  summarized and
reported as and when required due to the material weaknesses in internal control
over financial reporting described below.


ITEM 4 | CONTROLS AND PROCEDURES

We maintain  disclosure controls and procedures that are designed to ensure that
information  required to be disclosed in our reports filed under the  Securities
Exchange  Act of 1934,  as  amended,  is  recorded,  processed,  summarized  and
reported  within the time  periods  specified  in the  Securities  and  Exchange
Commission's  rules and forms,  and that such  information  is  accumulated  and
communicated  to our  management,  including our president and our secretary and
treasurer,  to allow for timely  decisions  regarding  required  disclosure.  In
designing and evaluating our disclosure controls and procedures,  our management
recognizes  that any controls and  procedures,  no matter how well  designed and
operated, can provide only reasonable assurance of achieving the desired control
objectives,  and our  management is required to apply its judgment in evaluating
the cost-benefit relationship of possible controls and procedures.

As of  November  30,  2009,  the end of the three month  period  covered by this
report,  we  carried  out an  evaluation,  under  the  supervision  and with the
participation  of our management,  including our president and our secretary and
treasurer,  of the  effectiveness  of the design and operation of our disclosure
controls and procedures. Based on the foregoing, our president and our secretary
and  treasurer  concluded  that our  disclosure  controls  and  procedures  were
effective as of the end of the period covered by this quarterly report.

There have been no changes in our internal control over financial reporting that
occurred  during  the  quarter  ended  November  30,  2009 that have  materially
affected,  or are reasonably likely to materially  affect, our internal controls
over financial reporting.


                                       15


<PAGE>



                           PART II | OTHER INFORMATION


                           ITEM 1 | LEGAL PROCEEDINGS


None.


                             ITEM 1A | RISK FACTORS


There has been no change to the risk  factors  since the year  ended  August 31,
2009 as filed with the audited financial statements.


      ITEM 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


None


                    ITEM 3 | DEFAULTS UPON SENIOR SECURITIES


None


          ITEM 4 | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


None


                           ITEM 5 | OTHER INFORMATION


None


                    ITEM 6 | EXHIBITS AND REPORTS ON FORM 8-K


There were no reports on Form 8-K filed during the quarter for which this report
is filed. The following exhibits are filed with this report:


31.1     Certification of Chief Executive Officer
31.2     Certification of Chief Financial Officer
32.1     Section 906 Certification
32.2     Section 906 Certification


                                       16


<PAGE>


                               ITEM 7 | SIGNATURES


In accordance with the  requirements of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


Date: January 11, 2010

                                       W. S. INDUSTRIES, INC.



                                       /s/ JAMES F. DEMPSEY
                                       _________________________________________
                                           James F. Dempsey
                                           President and Chief Executive Officer




















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