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
                                February 28, 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 Street
                            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 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]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).                              Yes [X]     No [ ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of April 13, 2009.

          Title of each class                                   Number of shares
Common Stock, par value $0.001 per share                           21,088,680


<PAGE>



                          ITEM 1 | FINANCIAL STATEMENTS
















                              W.S. INDUSTRIES, INC.

                          (A Development Stage Company)


                          INTERIM FINANCIAL STATEMENTS


                                February 28, 2009


                                   (Unaudited)


                             (STATED IN US DOLLARS)







                                       2
<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)

                             INTERIM BALANCE SHEETS
                      February 28, 2009 and August 31, 2008
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                   February 28,       August 31,
                                                       2009              2008
                                                   ____________       __________
  ASSETS

Current
 Cash                                               $      11         $     524

Investment                                             52,998            50,393
Equipment                                               2,584             2,762
                                                    _________         _________

                                                    $  55,593         $  53,679
                                                    =========         =========
                                   LIABILITIES

Current
Accounts payable and accrued
   liabilities - Note 5                             $ 199,304         $  90,537
                                                    _________         _________

                            STOCKHOLDERS' DEFICIENCY

Capital Stock - Note 4
Common Stock, $0.001 par value
   25,000,000  authorized
   21,088,680  issued and outstanding
      (August 31, 2008: 21,088,680)                    21,089            21,089
Additional paid-in capital                            214,097           214,097
Deficit accumulated during the
   development stage                                 (385,185)         (278,332)
Accumulated other comprehensive income                  6,288             6,288
                                                    _________         _________

                                                     (143,711)          (36,858)
                                                    _________         _________

                                                    $  55,593         $  53,679
                                                    =========         =========


                             SEE ACCOMPANYING NOTES


                                       3
<PAGE>

<TABLE>
<CAPTION>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)

                      INTERIM STATEMENTS OF OPERATIONS AND
                 COMPREHENSIVE LOSS for the three and six months
                ended February 28, 2009 and February 29, 2008 and
   for the period from April 5, 2004 (Date of Inception) to February 28, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)
                                                                                                          April 5, 2004
                                                                                                          (Date of
                                               Three months ended               Six months ended          Inception) to
                                          February 28,    February 29,    February 28,    February 29,    February 28,
                                              2009            2008            2009            2008            2009
                                          ____________    ____________    ____________    ____________     ____________
<S>                                       <C>             <C>             <C>             <C>              <C>

Revenue

Storage rental fee                        $          -    $          -    $          -    $          -     $   17,285
                                          ____________    ____________    ____________    ____________     __________
Expenses

Accounting and audit fees                        4,296           4,067          16,337          18,595         92,518

Administrative services                          5,400               -          10,800               -         16,200

Bad debt expense                                     -               -               -               -          8,085

Bank charges and interest                        3,052              74           5,345             154          9,220

Consulting fees                                      -               -               -               -          8,878

Courier and postage                                  -               -               -               -            177

Depreciation                                        89              42             178              84          1,843

Entertainment                                      858               -             858               -          2,810

Legal                                            1,349           1,725           1,349           2,684         27,115

Management fees and bonus - Note 5              30,300               -          60,600               -        140,200

Office and miscellaneous                             -               -           1,000               -         12,446

Registration and filing fees                     4,760           1,249           9,352           2,675         27,449

Rent                                                 -             711               -           1,418         17,418

Research and marketing                               -               -               -               -          7,500

Telephone                                            -               -               -               -          3,027

Travel                                               -               -               -               -          6,154

Wages                                                -               -               -               -          6,139
                                          ____________    ____________    ____________    ____________     __________

                                                50,104           7,868         105,819          25,610        387,179
                                          ____________    ____________    ____________    ____________     __________

     Loss before other items                   (50,104)         (7,868)       (105,819)        (25,610)      (369,894)

     Interest income (expense)                       -               -               -               -          4,327

     Foreign exchange loss                        (861)           (300)         (1,034)           (322)        (9,618)

     Impairment of investment                        -               -               -               -        (10,000)
                                          ____________    ____________    ____________    ____________     __________

     Net loss for the period                   (50,965)         (8,168)       (106,853)        (25,932)      (385,185)

     Other comprehensive income (loss)

     Foreign currency translation
     adjustment                                      -             (78)              -            (973)         6,288
                                          ____________    ____________    ____________    ____________     __________
     Comprehensive loss for the period    $    (50,965)   $     (8,246)   $   (106,853)   $    (26,905)    $ (378,897)
                                          ============    ============    ============    ============     ==========
     Basic loss per share                 $       0.00    $       0.00    $       0.00    $       0.00
                                          ============    ============    ============    ============
     Weighted average number of
     shares outstanding                     21,088,680      21,088,680      21,088,680      21,088,680
                                          ============    ============    ============    ============


                             SEE ACCOMPANYING NOTES

</TABLE>

                                       4

<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)

                           INTERIM STATEMENTS OF CASH
                   FLOWS for the six months ended February 28,
                         2009 and February 29, 2008 and
   for the period from April 5, 2004 (Date of Inception) to February 28, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)
                                                                                        April 5, 2004
                                                                                        (Date of
                                                            Six months ended            Inception) to
                                                      February 28,     February 29,     February 28,
                                                          2009            2008             2009
                                                      ____________     ____________     _____________
<S>                                                   <C>              <C>               <C>

Cash Flows used in Operating Activities
   Net loss for the period                            $   (106,853)    $    (25,932)     $  (385,185)
Items not affecting cash:
   Bad debt expenses                                             -                -            8,085
   Depreciation                                                178               84            1,932
   Impairment of investment                                      -                -           10,000
Changes in non-cash working capital balances:
   Accounts receivable                                           -                -           (8,085)
   Accounts payable and accrued liabilities                108,710           (1,480)         199,247
                                                      ____________     ____________      ___________

Net cash used in operating activities                        2,035          (27,328)        (174,006)
                                                      ____________     ____________      ___________

Cash Flows from Financing Activities
   Common stock issued                                           -                -          297,186
   Common stock repurchased                                      -                -          (62,000)
                                                      ____________     ____________      ___________

Net cash from financing activities                               -                -          235,186
                                                      ____________     ____________      ___________

Cash Flows used in Investing Activities
   Acquisition of equipment                                      -                -           (4,427)
   Acquisition of investments                               (2,605)          (9,300)         (64,291)
                                                      ____________     ____________      ___________

Net cash used in investing activities                       (2,605)          (9,300)         (68,718)
                                                      ____________     ____________      ___________

Effect of exchange rate changes on cash                         57             (833)           7,549
                                                      ____________     ____________      ___________

Net increase (decrease) in cash during the period             (513)         (37,461)              11

Cash, beginning of period                                      524           77,994                -
                                                      ____________     ____________      ___________

Cash, end of period                                   $         11     $     40,533      $        11
                                                      ============     ============      ===========

                             SEE ACCOMPANYING NOTES

</TABLE>


                                       5
<PAGE>

<TABLE>
<CAPTION>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                       INTERIM STATEMENT OF STOCKHOLDERS'
                   EQUITY (DEFICIENCY) for the period April 5,
                  2004 (Date of Inception) to February 28, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                                                 Deficit
                                                                               Accumulated    Accumulated
                                             (Note 4)            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:
     - 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
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
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
Shares repurchased
     - at $0.20                      (2,000,000)       (2,000)     (398,000)             -             -         (400,000)

Capital contribution                          -             -       398,000              -             -          398,000
Foreign currency translation
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
Shares repurchased - Note 4
     - at $0.20                        (300,000)         (300)      (59,700)             -             -          (60,000)

Foreign currency translation
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
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)
Net loss for the period                       -             -             -       (106,853)            -         (106,853)
                                     __________    __________    __________    ___________       _______       __________

Balance, February 28, 2009           21,088,680    $   21,089    $  214,097    $  (385,185)      $ 6,288       $ (143,711)
                                     ==========    ==========    ==========    ===========       =======       ==========


                             SEE ACCOMPANYING NOTES

</TABLE>


                                       6
<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                February 28, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


NOTE 1 INTERIM REPORTING

     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 financial  statements be read in conjunction with the audited
     financial statements of the Company for the year ended August 31, 2008. The
     interim  results are not  necessarily  indicative of the operating  results
     expected for the fiscal year ending on August 31, 2009. 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.

NOTE 2 NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN

     These financial  statements have been prepared in accordance with generally
     accepted accounting principles applicable to a going concern, which assumes
     that the Company  will be able to meet its  obligations  and  continue  its
     operations  for  its  next  twelve  months.   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 February 28, 2009, the
     Company had not yet achieved profitable operations,  has accumulated losses
     of $385,185,  has a working  capital  deficiency of $199,293 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  and  maintain  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
     considers  that the  Company  will be able to  obtain  additional  funds by
     equity  financing  and/or  related  party  advances,  however  there  is no
     assurance  of  additional  funding  being  available  or if  available,  on
     acceptable terms.

NOTE 3 NEW ACCOUNTING STANDARDS

     In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements".
     This  Statement   defines  fair  value  as  used  in  numerous   accounting
     pronouncements,  establishes  a  framework  for  measuring  fair  value  in
     generally accepted accounting  principles and expands disclosure related to
     the use of fair value measures in financial  statements.  The Statement was
     effective  for the  Company's  financial  statements  issued  in 2008.  The
     pronouncement  did not have a material  impact on the  Company's  financial
     statements upon adoption.


                                       7
<PAGE>


NOTE 3 NEW ACCOUNTING STANDARDS - (cont'd)

     In February  2007,  the FASB issued SFAS No. 159 "The Fair Value Option for
     Financial  Assets and Financial  Liabilities".  This Statement  establishes
     presentation and disclosure requirements designed to facilitate comparisons
     between companies that choose different measurement  attributes for similar
     types of assets and  liabilities.  The Company  adopted SFAS 159  effective
     September 1, 2008. The adoption of SFAS 159 did not have a material  effect
     on the Company's financial position, results of operations or cash flows.

     In  December  2007,  the FASB  issued  Statement  of  Financial  Accounting
     Standards No. 141 (revised 2007),  Business Combinations ("SFAS No. 141R").
     This standard replaces SFAS 141 and establishes principles and requirements
     for an acquirer,  recognizes  and measures in its  financial  statement the
     identifiable assets acquired and liabilities  assumed,  any non-controlling
     interest in the  acquiree,  and the goodwill  acquired.  This standard also
     establishes disclosure requirements which will enable users to evaluate the
     nature and financial effects of the business combination.  This standard is
     effective for financial  statements issued for fiscal years beginning after
     December 15, 2008.  The adoption of SFAS No. 141R is not expected to have a
     material effect on the Company's financial position,  results of operations
     or cash flows.

     In December  2007, the FASB also issued  Statement of Financial  Accounting
     Standards  No. 160,  Non-controlling  Interests in  Consolidated  Financial
     Statements,  an amendment  to ARB No. 51 ("SFAS No.  160").  This  standard
     amends  ARB  51 to  establish  accounting  and  reporting  standards  for a
     non-controlling  interest  in a  subsidiary  and for  deconsolidation  of a
     subsidiary.  This standard applies  prospectively to business  combinations
     for which the  acquisition  date is on or after the  beginning of the first
     annual  reporting  period  beginning on or after  December  15, 2008.  This
     standard may not be applied  before that date. The adoption of SFAS No. 160
     is not  expected  to have a  material  effect  on the  Company's  financial
     position, results of operations or cash flows.

     In March  2008,  the FASB  issued SFAS 161  "Disclosures  about  Derivative
     Instruments  and  Hedging  Activities  - an  amendment  of SFAS  133.  This
     Statement  requires enhanced  disclosures about an entity's  derivative and
     hedging  activities  and thereby  improves  the  transparency  of financial
     reporting.  This Statement is effective for financial statements issued for
     fiscal years and interim  periods  beginning  after November 15, 2008, with
     early  application  encouraged.  This  Statement  encourages,  but does not
     require,  comparative  disclosures for earlier periods at initial adoption.
     The  adoption  of this  statement  did not have a  material  effect  on the
     Company's future reported financial position or results of operations.

     In April 2008, the FASB issued FSP 142-3, "Determination of the Useful Life
     of  Intangible  Assets."  This  FSP  amends  the  factors  that  should  be
     considered in developing renewal or extension assumptions used to determine
     the useful life of a recognized  intangible  asset under FASB Statement No.
     142,  "Goodwill and Other Intangible  Assets." The intent of this FSP is to
     improve the consistency between the useful life of a recognized  intangible
     asset under  Statement  142 and the period of  expected  cash flows used to
     measure the fair value of the asset under FASB  Statement  No. 141 (Revised
     2007),


                                       8
<PAGE>


NOTE 3 NEW ACCOUNTING STANDARDS - (cont'd)

     "Business  Combinations,"  and other  U.S.  generally  accepted  accounting
     principles  (GAAP).  This FSP is effective for financial  statements issued
     for fiscal years  beginning  after December 15, 2008,  and interim  periods
     within those fiscal years. Early adoption is prohibited.  The Company is in
     the process of evaluating the impact, if any, of FSP 142-3 on its financial
     statements.  The  adoption  of this  statement  is not  expected  to have a
     material  effect on the Company's  future  reported  financial  position or
     results of operations.

     In May 2008, FASB issued SFAS No. 162, The Hierarchy of Generally  Accepted
     Accounting  Principles  ("SFAS 162").  This standard is intended to improve
     financial  reporting by identifying a consistent  framework,  or hierarchy,
     for  selecting  accounting  principles  to be used in  preparing  financial
     statements   that  are   presented  in   conformity   with  U.S.  GAAP  for
     non-governmental  entities. SFAS No. 162 is effective 60 days following the
     U.S.  Securities and Exchange  Commission's  approval of the Public Company
     Accounting  Oversight  Board  amendments  to AU Section 411, the meaning of
     "Present Fairly in Conformity with GAAP".  The Company is in the process of
     evaluating the impact, if any, of SFAS 162 on its financial statements.

     In June 2008, the FASB ratified EITF Issue No. 07-5, DETERMINING WHETHER AN
     INSTRUMENT  (OR AN EMBEDDED  FEATURE)  IS INDEXED TO AN ENTITY'S  OWN STOCK
     ("EITF  07-5").  EITF 07-5  provides  that an entity  should use a two step
     approach to evaluate  whether an  equity-linked  financial  instrument  (or
     embedded  feature) is indexed to its own stock,  including  evaluating  the
     instrument's  contingent  exercise  and  settlement  provisions.   It  also
     clarifies on the impact of foreign currency  denominated  strike prices and
     market-based employee stock option valuation instruments on the evaluation.
     EITF 07-5 is effective for fiscal years  beginning after December 15, 2008.
     The adoption of this statement is not expected to have a material effect on
     the Company's future reported financial position or results of operations.

     In  December  2008,  the  FASB  issued  FSP  FAS  140-4  and  FIN  46(R)-8,
     "Disclosures by Public Entities  (Enterprises) about Transfers of Financial
     Assets and Interests in Variable Interest Entitles".  This  disclosure-only
     FSP improves  the  transparency  of  transfers  of financial  assets and an
     enterprise's   involvement  with  variable  interest  entities,   including
     qualifying  special-purpose  entities.  This FSP is effective for the first
     reporting  period  (interim or annual) ending after December 15, 2008, with
     earlier application  encouraged.  The adoption of the FSP will not have any
     impact on our results of operations.


                                       9
<PAGE>


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.

     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

     During the three month and six month periods ended  February 28, 2009,  the
     Company  incurred  management  fees  of  $7,800  and  $15,600  respectively
     (February 29, 2008: $Nil and $Nil respectively)  payable to the director of
     the Company.

     As at February 28, 2009,  accounts  payable  includes  $50,700  (August 31,
     2008:  $Nil) 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,  has no  specific  terms  of
     repayment, and are due on demand.

NOTE 6 COMMITMENTS

     a)   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.

     b)   Pursuant to a resolution  dated June 1, 2008, an unrelated  individual
          is to be paid $1,800 per month for administrative services.


                                       10
<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 February 28,
2009 we generated no revenues from operations and have experienced  losses since
inception.

As of the period  ended  February  28, 2009 the Company has cash on hand of $11,
compared  to $524 as at August 31,  2008.  During the six  months  period  ended
February  28,  2009,  the  Company has used its cash to fund  operations  and to
increase its long term  investment in wine from $50,393 in 2008 to $52,998 as of
February 28,  2009.  As of the end of the current  period,  the Company does not
have adequate cash to meets its obligations in the upcoming period.

At February 28, 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.

Our goal is to  profitably  sell our services and  products,  and we have put in
place a plan to accomplish this goal. To reach our goal of profitability we have
established  a three  step plan,  more  particularly  laid out in the  Company's
year-end report of August 31, 2008.

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 become profitable and competitive, we have to sell our services and products.
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  six-month  period  ended  February  28, 2009 our net loss was  $106,853,
compared to $25,932 for the six month  period  ended  February  29,  2008.  This
difference was due to an increase in several areas.

Accounting  and audit fees  increased for the period ended February 28, 2009, at
$16,337,  these were down  slightly  from  $18,595 in 2008.  The  addition of an
administrative  assistant in June 2008 resulted in administrative services costs


                                       11
<PAGE>


of $10,800 for  February 28, 2009  compared to $nil for February 29, 2008.  Bank
charges and  interest  were higher at $5,345 for 2009;  in 2008 bank charges and
interest  were $154.  This  increase  is a result of interest  charges  incurred
against unpaid  management  fees owed to a non-related  party.  Management  fees
amounted  to  $60,600  for this  period  in 2009,  and were  $nil in 2008.  This
increase  resulted  from the  addition of an outside  management  consultant  to
assist with the increased workload arising from the Company's public status. The
President of the Company began  charging the Company a management  fee of $2,600
per  month  effective  June 1,  2008.  This  monthly  payment  was  approved  by
resolution.

Legal  costs in 2009 were  $1,349,  compared  to  $2,684  for the  period  ended
February 29, 2008. Legal costs were up in 2008 as a result of the Company having
completed  procedures  in June  2008 to take  the  Company  public.  Office  and
miscellaneous costs increased for this period ended February 28, 2009, at $1,000
versus $nil in the period ended  February 29, 2008.  This cost was primarily due
to the Company  paying out of pocket  expenses for telephone and email  services
used by the  President in the course of doing the Company's  business.  The rent
paid by the Company for the period ended February 28, 2009 was $nil, compared to
$1,418 for the same  period in 2008.  For the period  ended  February  28,  2009
filing fees were higher at $9,352, as compared to $2,675 in 2008.

LIQUIDITY AND CAPITAL REQUIREMENTS

To meet our need for cash,  we raised  funds  through our public  offering and a
subsequent  private  placement.  As of February 28, 2009,  the Company had total
assets of $55,593,  and total liabilities of $199,304.  As of February 28, 2009,
the Company had cash of $11 and working deficit of $199,293.

Cash used in operating activities for the six months ended February 28, 2009 was
$2,035 as compared to cash used in operating  activities  for the same period in
2008 of $27,328. The increase in cash used in operating activities was primarily
due to the fact that  operations  for the six months ended February 28, 2009 was
largely funded by the increase in accounts payable and 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.

OFF BALANCE SHEET ARRANGEMENT

We do not  have,  and  have  no  plans  to  implement,  any  off  balance  sheet
arrangements.


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<PAGE>


                     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.


                        ITEM 4T | 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 /Chief  Financial  Officer,  as appropriate,  to allow timely  decisions
regarding  required  disclosure.  An  evaluation  was  performed by  management,
including  Chief  Executive  Officer  and  Chief  Financial   Officer,   of  the
effectiveness of the design and operation of the Company's  disclosure  controls
and procedures as defined in Rules 13a-15(e) or  240.15d-15(e) of the Securities
Exchange  Act of 1934,  as  amended,  as of  February  28,  2009.  Based on that
evaluation,  management  concluded  that the Company's  disclosure  controls and
procedures are 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

              CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There  has been no change  in the  internal  control  over  financial  reporting
identified  in  connection  with the  evaluation  required by  paragraph  (d) of
ss.240.13a-15  or  ss.240.15d-15  of the Exchange Act that  occurred  during the
Company's  last fiscal quarter that has  materially  affected,  or is reasonably
likely to materially  affect,  the  Company's  internal  control over  financial
reporting.


                                       13
<PAGE>


                           PART II | OTHER INFORMATION


                           ITEM 1 | LEGAL PROCEEDINGS

The  Company  is not a party to any  legal  proceeding,  nor are we aware of any
pending or  threatened  legal  proceeding  against us or any officer or director
which  might  be  material  to an  evaluation  of our  management  or  have  any
potentially adverse effect upon the Company.

                             ITEM 1A | RISK FACTORS

The business of the Company  involves a number of risks and  uncertainties  that
could cause actual results to differ  materially  from results  projected in any
forward-looking  statement, or statements,  made in this report. These risks and
uncertainties  include,  but are not necessarily  limited to the risks set forth
below. The Company's  securities are speculative and investment in the Company's
securities  involves a high degree of risk and the possibility that the investor
will suffer the loss of the entire amount invested.


LIMITED OPERATING HISTORY | NEED FOR ADDITIONAL CAPITAL

There  is  limited  historical  financial   information  about  us.  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. Since inception,
our Company  has not yet  achieved  profitable  operations  and has  accumulated
losses  since its  inception.  Our Company is in the  development  stage and its
business  is in the rental of a wine  storage  facility.  We require  additional
financing to finance working capital and pay for operating  expenses and capital
requirements until we achieve a positive cash flow.

We have no assurance that, if needed,  future  financing will be available to us
on acceptable  terms. No commitments to provide  additional funds have been made
by management or other stockholders  particularly at this time given the current
economic and credit  environment.  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

In addition, there is no assurance that actual cash requirements will not exceed
our estimates.  In particular,  additional  capital may be required in the event
that:

     o    we incur delays and additional expenses;

     o    we are unable to create a substantial market; or

     o    we incur any significant unanticipated expenses.

The occurrence of any of the  aforementioned  events could adversely  affect our
ability to meet our proposed business plans.

We depend on outside  capital to pay for the  support  and the  marketing.  Such
outside  capital may include equity  financing  and/or  related party  advances.
There  can be no  assurance  that  capital  will  continue  to be  available  if
necessary to meet these continuing  costs or, if the capital is available,  that
it  will be on  terms  acceptable  to us.  The  issuance  of  additional  equity
securities by us would result in a dilution, possibly a significant dilution, in
the equity interests of our current stockholders.

If we are  unable  to  obtain  financing  in the  amounts  and on  terms  deemed
acceptable to us, our business and future success may be adversely  affected and
raise  substantial  doubt on our  ability to continue  as a going  concern.  Our
financial statements included in this Form 10Q do not include any adjustments to
the   recoverability   and   classification   of  recorded   asset  amounts  and
classification  of  liabilities  that might be necessary  should we be unable to
continue as a going concern.


                                       14
<PAGE>


LIMITED FINANCIAL RESOURCES

We have limited financial resources or assurance that sufficient funding will be
available to it for future operations. If future operations are unprofitable, we
may be forced to develop  another  line of  business,  or to finance  operations
through  the sale of  assets,  or enter  into the sale of stock  for  additional
capital,  none of which may be feasible when needed. The Company has no specific
management  ability or financial  resources or plans to enter any other business
as of this date.

LIMITED PUBLIC MARKET, POSSIBLE VOLATILITY OF SHARE PRICE

The Company's  Common Stock is currently  quoted on the NASD OTC Bulletin  Board
under the ticker  symbol WSID.  As of February 28, 2009,  there were  21,088,680
shares of common stock  outstanding.  There can be no  assurance  that a trading
market will be sustained in the future.

DEPENDENCE ON EXECUTIVE OFFICERS

The success of our business plan depends on the  management of our sole director
and officer.  Mr. Dempsey is responsible  for our managerial and  organizational
structure which will include  preparation of disclosure and accounting  controls
under the Sarbanes Oxley Act of 2002. Should he not have sufficient  experience,
he may be incapable of creating and implementing the controls which may cause us
to be subject to sanctions and fines by the SEC which ultimately could cause you
to lose your investment.

DILUTION TO THE EXISTING SHAREHOLDERS

The Company  has no other  capital  resources  other than the ability to use its
common stock to raise  additional  capital.  The issuance of  additional  equity
securities by us could result in a significant  dilution in the equity interests
of our current stockholders.

COMPETITIVE BUSINESS CONDITIONS

We face  competition from all segments of the wine and wine storage business and
industry. We will compete with wine storage and other storage-related  companies
that have superior  wine-related  and storage  experience  and/or services which
they now, or may, in the future, offer to their potential or existing customers.
Many of these companies have other sources of revenues and possess resources far
greater than ours, and we currently must rely only on our current  capital,  and
the fees generated through our wine storage services to compete. There can be no
assurance  we will be able to compete  effectively  in this  highly  competitive
industry,  which could have a material adverse impact upon market acceptance and
the anticipated success of our business.

OUR COMPETITIVE POSITION

We  believe   competition  takes  place  on  many  levels,   including  pricing,
convenience  in obtaining  information,  specialization,  and nature of services
offered.  We intend to serve as a content  aggregator  for wine storage  related
information  on the  Internet.  We will seek to  provide  what we  believe is an
unbiased comprehensive  information source, through our website,  positioning us
as a marketplace and facilitator for wine storage-related information.

Within the industry, we will attempt to brand our website www.yourwinewizard.com
as the  consumer's  partner  in his or her  search  for the most  reliable  wine
storage service and wine storage information source.

RELIANCE ON THIRD PARTY PROVIDERS

We expect our operations  will depend on a number of third parties over which we
will  have  limited  or no  control.  Specifically,  we do not  own an  Internet
gateway,  but  instead,  we rely on a  third-party,  independent  and  unrelated
Internet  Service  Provider  to host our  website.  Accordingly,  continuous  or
prolonged  interruptions in our website connection or in our  telecommunications
access may have an adverse  effect upon  consumer  perception  of our ability to
provide information and/or services in a timely and efficient manner.


                                       15
<PAGE>


INTERNET SECURITY

A party who is able to circumvent  our security  measures  could  misappropriate
proprietary  information  and/or access our customers' wine storage  information
and data. We may be required to expend  significant  capital and other resources
to  protect  against  security  breaches  or to  alleviate  problems  caused  by
breaches. Concerns over the security of Internet transactions and the privacy of
users may also inhibit the growth of the World Wide Web especially as a means of
conducting commercial transactions. To the extent that our future activities, or
those of  third-party  contractors  whom we may use,  involve  the  storage  and
transmission   of   proprietary   information,   such  as  a   customer's   wine
storage-related  information and data and credit card numbers, security breaches
could expose us to a risk of loss or litigation.  There can be no assurance that
we will be able to  implement  security  measures  that  will  prevent  security
breaches.

INVESTMENT

The  investment is comprised of wine  purchased for  appreciation  and long term
resale.  The  wine is  valued  at the  lower of cost  and  fair  value.  Cost is
determined using the average cost method. The Company estimates fair value based
on reports published on the internet.

The value of the  Company's  long term  investment  in wine is subject to market
value  fluctuation  and the Company does not anticipate  selling the wine in the
next 12 months.


      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



                                       16
<PAGE>


                    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


                               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:  April 13, 2009

                                    W. S. INDUSTRIES, INC.



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








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