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 NOVEMBER 30, 2007

                       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 NOVEMBER 30, 2007.


<PAGE>




                                TABLE OF CONTENTS

PART I        FINANCIAL INFORMATION

ITEM  1       FINANCIAL STATEMENTS                                 3

ITEM  2       MANAGEMENT'S DISCUSSION OF OPERATIONS AND
              FINANCIAL CONDITION                                  10

PART II       OTHER INFORMATION                                    13

ITEM 6        EXHIBITS AND REPORTS ON FORM 8-K                     13

ITEM 7        SIGNATURES                                           13















<PAGE>




                              W.S. INDUSTRIES, INC.

                          (A Development Stage Company)

                          INTERIM FINANCIAL STATEMENTS

                                November 30, 2007

                                   (Unaudited)

                             (STATED IN US DOLLARS)




<PAGE>
<TABLE>
<CAPTION>


                             SEE ACCOMPANYING NOTES
                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                             INTERIM BALANCE SHEETS
                      November 30, 2007 and August 31, 2007
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                                                       November 30,         August 31,
                                                                                           2007                2007
                                                                                           ----                ----
                                        ASSETS
<S>                                                                                      <C>                 <C>
Current
        Cash                                                                             $ 61,279            $ 77,994

Investment - Note 2                                                                        22,596              22,596
Equipment                                                                                     524                 566
                                                                                         --------           ---------
                                                                                         $ 84,399           $ 101,156
                                                                                         ========           =========

                                       LIABILITIES
Current
        Accounts payable and accrued liabilities                                         $ 10,541           $   8,639
                                                                                         --------           ---------

                                      STOCKHOLDERS' EQUITY
Capital Stock - Note 3
        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                                         (167,665)           (149,901)
Cumulative effect of foreign currency translation adjustment                                6,337               7,232
                                                                                         --------           ---------
                                                                                           73,858              92,517
                                                                                         --------           ---------

                                                                                         $ 84,399           $ 101,156
                                                                                         ========           =========

</TABLE>


                             SEE ACCOMPANYING NOTES


<PAGE>

<TABLE>
<CAPTION>

                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF OPERATIONS
                     for the three months ended November 30,
                 2007 and 2006 and for the period from April 5,
                  2004 (Date of Inception) to November 30, 2007
                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                                                                                   April 5, 2004
                                                                               Three months ended            (Date of Inception) to
                                                                                  November 30,                     November 30,
                                                                           2007                  2006                 2007
                                                                           ----                  ----                 ----

<S>                                                                      <C>                    <C>                <C>
Revenue
        Storage rental fee                                               $        -             $  1,800           $   17,285
                                                                         ----------             ---------          ----------

Expenses
        Accounting and audit fees                                           14,528                 7,153               65,682
        Amortization                                                            42                    61                1,416
        Bad debt expense                                                         -                     -                8,085
        Bank charges and interest                                               80                    69                1,372
        Consulting fees                                                          -                     -                8,878
        Courier and postage - Note 4                                             -                     -                  177
        Entertainment                                                            -                     -                1,952
        Legal                                                                  959                     -               21,133
        Office and miscellaneous                                                 -                   265               11,233
        Registration and filing fees - Note 4                                1,426                   379               14,058
        Rent                                                                   707                 1,556               15,753
        Research and marketing                                                   -                     -                7,500
        Telephone                                                                -                     -                1,324
        Travel                                                                   -                     -                6,154
        Wages                                                                    -                     -                6,139
                                                                         ----------             ---------          ----------
                                                                            17,742                 9,483              170,856
                                                                         ----------             ---------          ----------

Loss before other items                                                    (17,742)               (7,683)            (153,571)
        Interest income (expense)                                                -                  (182)               4,327
        Foreign exchange loss                                                  (22)                  (32)              (8,421)
        Impairment of investment                                                 -                     -              (10,000)
                                                                         ----------             ---------          ----------

Net loss for the period                                                    (17,764)               (7,897)            (167,665)

Other comprehensive income (loss)
         Foreign currency translation adjustment                              (895)                 (746)               6,337
                                                                         ----------             ---------          ----------

Comprehensive loss for the period                                        $ (18,659)             $ (8,643)          $ (161,328)
                                                                         ==========             =========          ==========

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

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

</TABLE>

                             SEE ACCOMPANYING NOTES


<PAGE>
<TABLE>
<CAPTION>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
                     for the three months ended November 30,
                 2007 and 2006 and for the period from April 5,
                  2004 (Date of Inception) to November 30, 2007
                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                                                                                                  April 5, 2004
                                                                                   Three months ended         (Date of Inception) to
                                                                                      November 30,                  November 30,
                                                                                  2007                2006               2007
                                                                                  ----                ----               ----

<S>                                                                            <C>                  <C>                <C>
Cash Flows used in Operating Activities
        Net loss for the period                                                $ (17,764)           $ (7,897)          $ (167,665)
        Items not affecting cash:
        Amortization                                                                  42                  61                1,416
        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                                   1,902               4,309               10,541
                                                                               ----------           ---------          -----------
Net cash used in operating activities                                            (15,820)             (1,724)            (145,708)
                                                                               ----------           ---------          -----------

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                                                     -                   -              (33,889)
                                                                               ----------           ---------          -----------
Net cash used in investing activities                                                  -                   -              (35,829)
                                                                               ----------           ---------          -----------

Effect of exchange rate changes on cash                                             (895)                  -                7,630
                                                                               ----------           ---------          -----------

Net increase (decrease) in cash during the period                                (16,715)             (1,724)              61,279

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

Cash, end of period                                                            $  61,279            $120,280           $   61,279
                                                                               ==========           =========          ===========

Non-cash Transactions - Note 5

</TABLE>

                             SEE ACCOMPANY      ING NOTES



<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 November 30, 2007
                                   (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 5
   Private placement agreements
                 - at $0.000049        20,007,680   $       20,008  $     (19,022)  $            -   $           -   $         986
                 - at $0.01             2,000,000            2,000         18,000                -               -          20,000
                 - at $0.20                81,000               81         16,119                -               -          16,200
Foreign currency translation
adjustment                                      -                -              -                -             380             380
Net loss for the period                         -                -              -          (11,573)              -         (11,573)
                                    -------------   --------------  -------------   --------------   -------------   -------------

Balance, August 31, 2004               22,088,680           22,089         15,097          (11,573)            380          25,993
Foreign currency translation
adjustment                                      -                -              -                -           1,279           1,279
Net loss for the year                           -                -              -          (32,276)              -         (32,276)
                                    -------------   --------------  -------------   --------------   -------------   -------------

Balance, August 31, 2005               22,088,680           22,089         15,097          (43,849)          1,659          (5,004)
Issued for cash:
   Private placement agreements
                 - at $0.20             1,000,000            1,000        199,000                -               -         200,000
Shares repurchased
                 - at $0.20            (2,000,000)          (2,000)      (398,000)               -               -        (400,000)
Capital contribution                            -                -        398,000                -               -         398,000
Foreign currency translation
adjustment                                      -                -              -                -           4,788           4,788
Net loss for the year                           -                -              -          (51,090)              -         (51,090)
                                    -------------   --------------  -------------   --------------   -------------   -------------

Balance, August 31, 2006               21,088,680           21,089        214,097          (94,939)          6,447         146,694
Issued for cash:
   Private placement agreements
                 - at $0.20               300,000              300         59,700                -               -          60,000
Shares repurchased
                 - 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

<PAGE>

<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 November 30, 2007
                                   (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                                   -                -              -                -            (895)           (895)
Net loss for the period                       -                -              -          (17,764)              -         (17,764)
                                  -------------   --------------  -------------   --------------   -------------   -------------

Balance, November 30, 2007           21,088,680   $       21,089  $     214,097   $     (167,665)  $       6,337   $      73,858
                                  =============   ==============  =============   ==============   =============   =============

</TABLE>







                             SEE ACCOMPANYING NOTES


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                November 30, 2007
                                   (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 three months ended November 30, 2007 are
              not necessarily indicative of the results that can be expected for
              the year ended August 31, 2008.

Note 2        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.

Note 3        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.




<PAGE>



Note 3        CAPITAL STOCK - Note 5 - (cont'd)

              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 4        RELATED PARTY TRANSACTIONS - Note 5

              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:

<TABLE>
<CAPTION>
                                                                                                 April 5, 2004
                                                                                                    (Date of
                                                                   Three months ended            Inception) to
                                                                      November 30,                November 30,
                                                                2007               2006               2007
                                                                ----               ----               ----

<S>                                                        <C>                <C>                <C>
              Courier and postage                          $              -   $              -   $            177
              Registration and filing fees                                -                  -                659
              Loan proceeds                                               -                  -                150
                                                           ----------------   ----------------   ----------------

                                                           $              -   $              -   $            986
                                                           ================   ================   ================
</TABLE>


Note 5        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 November
30, 2007:

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


<PAGE>



Note 5        NON-CASH TRANSACTIONS - (cont'd)

              -   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.


<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$1.008 at November 30, 2007.

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 November 30, 2007.

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.

<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.

We intend to use THE  COMPANY's  WEBSITE as a marketing  and sales  tool.  It is
intended to 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 is  intended  to allow  potential  consumers  to quickly  begin the wine
storage process for the storage of their wine inventory. Our website information
was  updated  to reflect  our  partnerships  with new  vendors.  The  Company is
offering  more  services  for our  customers,  they can now  order  wine-related
products such as glassware,  corkscrews, wine cabinets and wine racking for 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  November 30, 2007, THE COMPANY had
cash  available  in the amount of  $61,279.  For the  three-month  period  ended
November 30, 2007 we had a net loss of $17,764.

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.

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.

<PAGE>


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 NOVEMBER 30, 2007

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  $167,665.  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 November,  2007, we have only generated an accumulated total of $17,285 in
revenues from our business  operations.  As of November,  2007, our total assets
were $84,399 and our total  liabilities were $10,541.  As of November 30, we had
cash of $61,279.

<PAGE>


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

ITEM 7.       SIGNATURES

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

Date:  January 9, 2008                     W. S. INDUSTRIES, INC.

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