SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB


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


                     FOR THE QUARTER ENDED FEBRUARY 29, 2008


                       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.)


                                 2275 West 23rd
                                  Vancouver, BC
                                     V6L 1N3
                    ________________________________________
                    (Address of principal executive offices)


                                Tel: 604-830-6499
                _________________________________________________
                Registrants telephone number, including area code


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act  during  the past 12  months  and (2) has been
subject to such filing requirements for the past 90 days. Yes [X]

Securities registered under Section 12(g) of the Exchange Act:

There are 21,088,680 shares of common stock outstanding as of FEBRUARY 29, 2008.


<PAGE>


                                TABLE OF CONTENTS


                                                                            PAGE


PART I        FINANCIAL INFORMATION

ITEM  1       FINANCIAL STATEMENTS                                            3

ITEM  2       MANAGEMENT'S DISCUSSION OF OPERATIONS AND
              FINANCIAL CONDITION                                            11

PART II       OTHER INFORMATION

ITEM 6        EXHIBITS AND REPORTS ON FORM 8-K                               14

ITEM 7        SIGNATURES                                                     15





















                                       2


<PAGE>









                             W.S. INDUSTRIES, INC.

                          (A Development Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                February 29, 2008

                                   (Unaudited)

                             (STATED IN US DOLLARS)




















                                       3


<PAGE>

<TABLE>
<CAPTION>


                             W.S. INDUSTRIES, INC.
                         (A Development Stage Company)
                             INTERIM BALANCE SHEETS
                     February 29, 2008 and August 31, 2007
                                  (Unaudited)
                             (Stated in US Dolars)


                                                                 February 29, 2008     August 31, 2007
                                                                 _________________     _______________
<S>                                                                 <C>                   <C>
                                     ASSETS

Current
   Cash                                                             $   40,533            $  77,994

Investment - Note 3                                                     31,757               22,596
Equipment                                                                  481                  566
                                                                    __________            _________

                                                                    $   72,771            $ 101,156
                                                                    ==========            =========

                                  LIABILITIES

Current
   Accounts payable and accrued liabilities                         $    7,159            $   8,639
                                                                    __________            _________


                              STOCKHOLDERS' EQUITY

Capital Stock - Note 4
  Common Stock, $0.001 par value
  25,000,000 authorized
  21,088,680 issued and outstanding (August 31, 2007:
  21,088,680)                                                           21,089               21,089
Additional paid-in capital                                             214,097              214,097
Deficit accumulated during the development stage                     (175,833)             (149,901)
Cumulative effect of foreign currency translation adjustment            6,259                 7,232
                                                                    __________            _________

                                                                       65,612                92,517
                                                                    __________            _________

                                                                    $  72,771             $ 101,156
                                                                    ==========            =========


                             SEE ACCOMPANYING NOTES

</TABLE>


                                       4


<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
        for the three and six months ended February 29, 2008 and 2007 and
   for the period from April 5, 2004 (Date of Inception) to February 29, 2008
                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                    Three months ended         Six months ended           April 5, 2004
                                                        February 29                 February 29,      (Date of Inception) to
                                                     2008         2007         2008         2007        February 29, 2008
                                                       $            $            $            $                  $
                                                  __________   __________   __________   __________   ______________________
<S>                                                    <C>          <C>         <C>          <C>              <C>

Revenue
   Storage rental fee                                      -            -            -        1,800           17,285
                                                  __________   __________   __________   __________         ________

Expenses
   Accounting and audit fees                           4,067        3,759       18,595       10,912           69,749
   Amortization                                           42           60           84          121            1,458
   Bad debt expense                                        -            -            -            -            8,085
   Bank charges and interest                              74           53          154          122            1,446
   Consulting fees                                         -            -            -            -            8,878
   Courier and postage - Note 5                            -            -            -            -              177
   Entertainment                                           -            -            -            -            1,952
   Legal                                               1,725        5,308        2,684        5,308           22,858
   Office and miscellaneous                               -           125            -          390           11,233
   Registration and filing fees - Note 5               1,249        1,931        2,675        2,310           15,307
   Rent                                                  711          619        1,418        2,175           16,464
   Research and marketing                                  -            -            -            -            7,500
   Telephone                                               -           36            -           36            1,324
   Travel                                                  -          672            -          672            6,154
   Wages                                                   -            -            -            -            6,139
                                                  __________   __________   __________   __________         ________

                                                       7,868       12,563       25,610       22,046          178,724
                                                  __________   __________   __________   __________         ________

Loss before other items                               (7,868)     (12,563)     (25,610)     (20,246)        (161,439)
   Interest income (expense)                               -            -            -         (182)           4,327
   Foreign exchange loss                                (300)      (1,289)        (322)      (1,321)          (8,721)
   Impairment of investment                                -            -            -            -          (10,000)
                                                  __________   __________   __________   __________         ________

Net loss for the period                               (8,168)     (13,852)     (25,932)     (21,749)        (175,833)
Other comprehensive income (loss)
   Foreign currency translation adjustment               (78)         602         (973)        (144)           6,259
                                                  __________   __________   __________   __________         ________

Comprehensive loss for the period                     (8,246)     (13,250)     (26,905)     (21,893)        (169,574)

                                                  ==========   ==========   ==========   ==========         ========
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>

                                       5


<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
             for the six months ended February 29, 2008 and 2007 and
   for the period from April 5, 2004 (Date of Inception) to February 29, 2008
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                         Six months ended           April 5, 2004
                                                           February 29,         (Date of Inception) to
                                                        2008         2007         February 29, 2008
                                                      _________    _________     _____________________
<S>                                                   <C>          <C>                <C>

Cash Flows used in Operating Activities
   Net loss for the period                            $ (25,932)   $ (21,749)         $ (175,833)
   Items not affecting cash:
      Amortization                                           84          121               1,458
      Bad debt expenses                                       -            -               8,085
      Impairment of investment                                -            -              10,000
   Changes in non-cash working capital balances:
      Accounts receivable                                     -        1,803              (8,085)
      Accounts payable and accrued liabilities           (1,480)      (3,133)              7,159
                                                      _________    _________          __________
Net cash used in operating activities                   (27,328)     (22,958)           (157,216)

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                                   -            -              (1,940)
   Acquisition of investments                            (9,160)           -             (43,049)
                                                      _________    _________          __________

Net cash used in investing activities                    (9,160)           -             (44,989)
                                                      _________    _________          __________

Effect of exchange rate changes on cash                    (973)       1,149               7,552
                                                      _________    _________          __________

Net Increase (decrease) in cash during the period       (37,461)     (21,809)             40,533

Cash, beginning of period                                77,994      122,004                   -
                                                      _________    _________          __________

Cash, end of period                                   $  40,533    $ 100,195          $   40,533
                                                      =========    =========          ==========

Non-cash Transactions - Note 6


                             SEE ACCOMPANYING NOTES

</TABLE>

                                       6


<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 29, 2008

                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                                                             Cumulative
                                                                                 Deficit     Effect of
                                                (Note 4)                       Accumulated     Foreign
                                             Common Shares        Additional   During the     Currency
                                         ______________________    Paid-in     Development   Translation
                                           Number     Par Value    Capital        Stage      Adjustment      Total
                                         __________   _________   __________   ___________   ___________   _________
<S>                                      <C>           <C>        <C>           <C>            <C>         <C>

Issued for cash: - Note 6
   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                                        -          -             -            -         4,7          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
                 - at $0.20                (300,000)      (300)      (59,700)           -             -      (60,000)
Foreign current 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

                                                                                                          .../cont'd

                             SEE ACCOMPANYING NOTES

</TABLE>

                                       7


<PAGE>


<TABLE>
<CAPTION>

                                                                                                           Continued

                              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 29, 2008

                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                                                             Cumulative
                                                                                 Deficit     Effect of
                                                (Note 4)                       Accumulated     Foreign
                                             Common Shares        Additional   During the     Currency
                                         ______________________    Paid-in     Development   Translation
                                           Number     Par Value    Capital        Stage      Adjustment      Total
                                         __________   _________   __________   ___________   ___________   _________
<S>                                      <C>           <C>        <C>           <C>            <C>         <C>

Balance, August 31, 2007                 21,088,680     21,089       214,097     (149,901)        7,232       92,517
Foreign current translation
 adjustment                                       -          -             -            -          (973)        (973)
Net loss for the period                           -          -             -      (25,932)            -      (25,932)
                                         __________    _______    __________    _________      ________    _________

Balance, February 29, 2008               21,088,680    $21,089    $  214,097    $(175,833)     $  6,259    $  65,612
                                         ==========    =======    ==========    =========      ========    =========


                             SEE ACCOMPANYING NOTES

</TABLE>






                                       7


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                February 29, 2008
                                   (Unaudited)
                             (STATED IN US DOLLARS)


NOTE 1        INTERIM REPORTING

              While  the  information  presented  in  the  accompanying  interim
              financial  statements  is unaudited,  it includes all  adjustments
              which are,  in the  opinion of  management,  necessary  to present
              fairly the  financial  position,  results of  operations  and cash
              flows for the interim periods  presented.  These interim financial
              statements  follow the same  accounting  policies  and  methods of
              their   application  as  the  Company's  August  31,  2007  annual
              financial  statements.  All adjustments are of a normal  recurring
              nature. It is suggested that these interim financial statements be
              read in  conjunction  with the  Company's  August 31,  2007 annual
              financial statements.

              Operating  results for the six months ended  February 29, 2008 are
              not necessarily indicative of the results that can be expected for
              the year ended August 31, 2008.

NOTE 2        NATURE OF OPERATION 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 29,
              2008, the Company had not yet achieved profitable operations,  has
              accumulated losses of $175,833 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 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.

Note 3        INVESTMENT

              The investment is comprised of wine purchased for appreciation and
              long-term resale.  The wine is valued at the lower of cost and net
              realizable  value.  Cost is  determined  using  the  average  cost
              method. The Company does not anticipate selling the product during
              the next twelve months.


                                       8


<PAGE>



NOTE 4        CAPITAL STOCK - Note 5

              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.

              The  Company  filed a Form SB-2  registration  statement  with the
              United  States  Security  and  Exchange  Commission  and  received
              $200,000 for the offering of 1,000,000  common shares at $0.20 per
              share.  The Form  SB-2  also  included  an  offering,  by  selling
              shareholders of the Company,  of 2,081,000  common shares at $0.20
              per share.  The  Company  received  none of the  proceeds  of this
              portion of the offering.

              In December  2006,  the Company  received an order for  production
              from the British Columbia Securities  Commission (BCSC) to provide
              certain  information  and documents  relating to, inter alia,  the
              sale  of  the  SB-2  shares  to  verify  the  availability  of the
              registration and prospectus  exemptions relied upon by the Company
              in  offering  such  share to  residents  of British  Columbia.  To
              resolve the  matter,  the  Company  issued a voluntary  rescission
              offer to rescind any previous subscriptions of the SB-2 shares and
              offered a full refund of the subscription  monies.  In lieu and in
              place of the SB-2 shares, the Company offered an equivalent number
              of shares for sale pursuant to an updated private  placement dated
              June  27,  2007.  Of the  nine  SB-2  investors,  three  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
              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 - Note 6

              During  the  period  ended  August  31,  2004 the  Company  issued
              20,007,680  shares to the director of the Company for expenses and
              loan proceeds as follows:

                                                                   April 5, 2004
                                                                   (Date of
                                              Six months ended     Inception) to
                                                February 29,       February 29,
                                              2008        2007     2008
                                              ____        ____     _____________

              Courier and postage             $  -        $  -         $ 177
              Registration and filing fees       -           -           659
              Loan proceeds                      -           -           150
                                              ____        ____         _____

                                              $  -        $  -         $ 986
                                              ====        =====        =====


                                       9


<PAGE>


NOTE 6        NON-CASH TRANSACTIONS

              Investing  and  financing  activities  that do not  have a  direct
              impact on current cash flows are excluded  from the  statements of
              cash flows.

              During the period  April 5, 2004 (Date of  Inception)  to February
              29, 2008:

              - the Company issued 20,007,680 common shares to a director of the
                Company to settle $986 due to a related party;

              - 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.

              These  transactions have been excluded from the statements of cash
              flows.


















                                       10


<PAGE>


                                     ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

This report contains  forward-looking  statements and information relating to us
that is based on  beliefs  of  management  as well as  assumptions  made by, and
information   currently  available  to  management.   These  statements  may  be
identified by the use of  terminology  such as  "BELIEVES,"  "PLANS",  EXPECTS,"
"MAY," "SHOULD" or "ANTICIPATES",  or expressing this terminology  negatively or
similar expressions or by discussions of strategy.  These statements reflect our
current view  respecting  future events and are subject to risks,  uncertainties
and  assumptions,  including the risks and  uncertainties  noted  throughout the
document.  Although we have attempted to identify  important  factors that could
cause the actual results to differ  materially,  there may be other factors that
cause the forward looking statements not to come true as anticipated,  believed,
projected,  expected  or  intended.  Should  one  or  more  of  these  risks  or
uncertainties  materialize,  or should  underlying  assumptions prove incorrect,
actual results may differ materially from those described herein as anticipated,
believed, projected, estimated, expected or intended.

CRITICAL ACCOUNTING POLICIES

Revenue is  recognized  as earned based on CONTRACTS or sales  invoices,  as the
rental  for  storage  takes  place  and  the  amount  of  revenue  is  fixed  or
determinable  and  collection  is  reasonably  assured.  Provision for estimated
losses on CONTRACTS is recorded when identified.

GENERAL

The following  Management's  Discussion and Analysis of Financial  Condition and
Results of Operations,  contains forward-looking statements, which involve risks
and  uncertainty.   Our  actual  results  could  differ  materially  from  those
anticipated in these  forward-looking  statements as a result of certain factors
discussed in this section.  Our fiscal year is from  September 1 through  August
31.

EFFECT OF INFLATION AND FOREIGN CURRENCY EXCHANGE

We have not  realized a  reduction  in the price of our  services as a result of
domestic inflation. Nor have we experienced unfavorable profit reductions due to
currency  exchange  fluctuations  or inflation with our foreign  customers.  All
sales  transactions to date have been denominated in U.S. Dollars.  However,  we
pay our lease for storage space in Canadian  dollars.  The current exchange rate
is US$1.00 = CDN$.9798 at February 29, 2008.

GOING CONCERN OPINION

We are a development stage corporation and commenced  business  operations APRIL
5, 2004. We have generated  revenues of $17,285 from our business operation from
APRIL 5, 2004 (date of incorporation) to February 29, 2008.

We included a going concern disclosure in our financial  statements.  We believe
there is substantial  doubt that we can continue as an on-going business for the
next twelve  months  unless we obtain  additional  capital to pay our bills.  We
currently  have a WEBSITE for OUR COMPANY that is  WWW.YOURWINEWIZARD.COM  where
customers can place orders for  wine-related  products.  We must raise cash from
sources  other than  operations.  Our only other source for cash at this time is
investments by others in OUR COMPANY.  We may raise cash to further  develop our
project.

We have only one officer and director;  he is responsible for our managerial and
organizational  structure,  which will include  preparation  of  disclosure  and
accounting  controls under the Sarbanes  Oxley Act of 2002.  When these controls
are implemented,  he will be responsible for the administration of the controls.
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.


                                       11


<PAGE>


PLAN OF OPERATIONS

We are a development  stage company with limited  operations  and revenues.  Our
management  has made  $985.60  of capital  contributions  to our  business.  The
Company  has  raised  the  total  of  $235,186   through   Private   Placements.
Management's capital contributions may be accomplished through  interest-bearing
promissory notes between OUR COMPANY and management.  We have not determined the
amount of funds that will be necessary for  management to contribute or if there
is any need for  management  to  contribute  any funds at all.  Nor is there any
assurance  our  management  will have funds  available to loan us as and when we
require  funds.  In this event,  we will be required to seek loans and/or equity
funding from third parties and there is no assurance we will be able to do so.

The  Company's  WEBSITE is designed to be used as a marketing and sales tool. It
will outline the features and the benefits of our wine storage services, as well
as acting as an information  resource.  The information contained on our WEBSITE
will allow  potential  consumers to quickly begin the process for the storage of
their wine  inventory.  Our website  information has been updated to reflect our
partnerships  with new vendors.  The Company is offering,  and intends to offer,
more services for our customers, at the present time they can order wine-related
products such as glassware, corkscrews, wine cabinets and wine racking for their
home cellars directly via our website.

We anticipate that most orders for our goods and services will occur through our
WEBSITE and payment will be by secure online  credit card or cybercash  systems,
that are under development.  The Company has begun taking orders and to date has
received  orders in the amount of CAD$500.00.  We can take orders online through
our order form and are  currently  developing  the  ability  to  process  online
orders.

At the end of the  three-month  period ended  February 29, 2008, THE COMPANY had
cash  available  in the amount of  $40,533.  For the  three-month  period  ended
February 29, 2008 we had a net loss of $8,168.

To the extent that  additional  capital is raised through the sale of equity the
issuance of the securities  will result in dilution to our  shareholders.  Until
such time as our WEBSITE and wine storage and cellaring facilities are expanded,
we do not  expect  to have any  significant  revenues  from our  operations.  We
anticipate that if our WEBSITE and our wine storage and cellaring facilities are
expanded,  of which there can be no assurance,  we will  generate  revenues from
wine storage and retail sales of wine  related  products.  There is no assurance
that we will be  successful  in  marketing  our retail  products or wine storage
services. We have no other proposed sources of revenue. Therefore, if we are not
successful  in this  regard,  we will be unable to  achieve  revenues  under our
current business plan.

If OUR  COMPANY  or its  management  receives  proceeds  from  the  sales of the
securities by the selling security  shareholders,  which neither THE COMPANY nor
its management has any intent to do, those persons may have conducted an illegal
distribution of our securities and may be deemed underwriters. Accordingly, they
will have  liability  for any material  misrepresentations  or omissions in this
document and otherwise in the offer and sale of securities.

THE COMPANY does not have any off balance sheet arrangements.

We do not anticipate significant research and development expenses over the next
twelve months, other than those related to the development of our WEBSITE. We do
not expect to purchase or sell any plant and  significant  equipment or make any
significant changes in the number of employees over the next twelve months.


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If we are unable to negotiate suitable arrangements with wine-related  suppliers
or vendors to advertise on our WEBSITE or allow us to represent their companies,
or if we are unable to attract clients to use our wine storage services,  we may
have to suspend or cease operations.

If we cannot  generate  sufficient  revenues  to  continue  operations,  we will
suspend or cease operations. If we cease operations, we do not know what we will
do and we do not have any plans to do anything else.

LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL

There is no  historical  financial  information  about us upon  which to base an
evaluation of our performance.  We are in development  stage operations and have
only generated small 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  due to price and cost  increases  in services and
products.

To become profitable and competitive, we have to locate and negotiate agreements
with wine  collectors  to allow us to store their  wines on a fee basis.  We are
seeking  equity  financing to provide for the capital  required to implement our
operations.

We have no assurance that 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.

RESULTS OF OPERATIONS

FROM INCEPTION ON APRIL 5, 2004 TO FEBRUARY 29, 2008

During the period we incorporated THE COMPANY, hired the attorney, and hired the
auditor all in respect to the preparation of the Registration Statement. We have
prepared  an  internal   business   plan.  We  have  acquired  the  domain  name
"yourwinewizard.com."  Our net loss since  inception is  $175,833.  We have only
recently  started  our  business  operations  and had one (1)  customer  for our
services,  which  generated  revenues of $17,285.  The company has secured a new
facility which is to be upgraded.  While this facility undergoes  upgrades,  the
wine purchased by the Company is cellared offsite in a secure location.

LIQUIDITY AND CAPITAL RESOURCES

THE COMPANY cannot guarantee that once we begin expanding our operations we will
stay in business after operations have been expanded.

If we are unable to  successfully  attract  customers  and  negotiate  strategic
alliances  or if we are unable to  attract  enough  clients to utilize  our wine
storage  services,  we may quickly use up the  proceeds  from the money from the
previous  offering  and will  need to find  alternative  sources,  like a second
public offering,  a private placement of securities,  or loans from our officers
or others in order for us to maintain our operations.

At the present time, we have not made any arrangements to raise additional cash.
If we need  additional  cash and cannot raise it, we will either have to suspend
operations until we do raise the cash, or cease operations entirely.  Other than
as described in this paragraph, we have no other financing plans.

As of February,  2008, we have only generated an accumulated total of $17,285 in
revenues from our business  operations.  As of February,  2008, our total assets
were $72,771 and our total  liabilities were $7,159.  As of February 29, 2008 we
had cash of $40,533.


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PART II       OTHER INFORMATION

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























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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 11, 2008                  W. S. INDUSTRIES, INC.



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


























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