U.S.
          Securities and Exchange Commission
 Washington,
          D.C. 20549
  
 FORM
            10-Q/A1
  
 [X]
                Quarterly
                    Report Under Section 13 or 15(d) of The Securities Exchange Act
                    of 1934
                    for the Quarterly Period Ended March 31,
                    2008
 
 [
                     ]
                Transition
                    Report Under Section 13 or 15(d) of The Securities Exchange Act
                    of 1934
                    for the Transition Period from _______ to
                    _______
 
 Commission
          File Number: 000-52670
  
 BMX
          DEVELOPMENT CORP.
 (FKA
          BIOMETRIX INTERNATIONAL, INC.)
 (Exact
          name of small business issuer as specified in its charter)
  
 FLORIDA
                20-2089854(State
                    or other jurisdiction of
                (IRS
                    Employer Identification No.)incorporation
                    or organization)
  17111
          Kenton Drive, Suite 100-B
 Cornelius,
          North Carolina
          28031
 (Address
          of principal executive offices)
 
 704-892-8733
 (Issuer's
          telephone number)
  
 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 (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 shell company (as defined in
          rule
          12b-2 of the exchange act). Yes [ ] No [X]
 
 Number
          of
          shares of common stock outstanding as of May 14, 2008:  
4,796,000
  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
          definitions of “large accelerated filer”, “accelerated filer” and “smaller
          reporting company” in Rule 12b-2 of the Exchange Act.
  Large
                    accelerated filer
                 ̈Non-accelerated
                    filer
                 ̈(Do
                    not check if a smaller reporting company)Accelerated
                    filer
                 ̈Smaller
                    reporting company
                þ
  CAUTIONARY
          STATEMENT REGARDING FORWARD LOOKING INFORMATION
  The
          discussion contained in this 10-Q under the Securities Exchange Act of
          1934, as
          amended, contains forward-looking statements that involve risks and
          uncertainties. The issuer's actual results could differ significantly from
          those
          discussed herein. These include statements about our expectations, beliefs,
          intentions or strategies for the future, which we indicate by words or
          phrases
          such as "anticipate," "expect," "intend," "plan," "will," "we believe,"
          "the
          Company believes," "management believes" and similar language, including
          those
          set forth in the discussions under "Notes to Consolidated Financial Statements"
          and "Management's Discussion and Analysis or Plan of Operation" as well
          as those
          discussed elsewhere in this Form 10-Q. We base our forward-looking statements
          on
          information currently available to us, and we assume no obligation to update
          them. Statements contained in this Form 10-Q that are not historical facts
          are
          forward-looking statements that are subject to the "safe harbor" created
          by the
          Private Securities Litigation Reform Act of 1995.
  Explanatory We
              are
              amending this Form 10-Q to include a comparative audited balance sheet
              at
              December 31, 2007 to comply with the 10-Q presentation rules. We inadvertedly
              omitted this information in the prior submission
 
 
 TABLE
                    OF
                    CONTENTSPART
                    I. FINANCIAL INFORMATIONITEM
                    1.CONSOLIDATEDFINANCIAL
                    STATEMENTS
                3ITEM
                    2.MANAGEMENT'S
                    DISCUSSION AND
                    ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND CONSOLIDATED
                    RESULTS OF
                    OPERATION
                4ITEM
                    3. QUANITATIVE AND QUALITATIVE DISCLOSURES
                    ABOUT MARKET RISK
                5ITEM
                    4.CONTROLS
                    AND
                    PROCEDURES
                6PART
                    II. OTHER INFORMATIONITEM
                    1.LEGAL
                    PROCEEDINGS
                13ITEM
                    1A. RISK FACTORS
                13ITEM
                    2. UNREGISTERED SALES OF EQUITY SECURITIES
                    AND USE OF PROCEEDS
                13ITEM
                    3.DEFAULTS
                    UPON SENIOR
                    SECURITIES
                13ITEM
                    4. SUBMISSION OF MATTERS TO A VOTE
                    OF
                    SECURITY HOLDERS
                13ITEM
                    5.OTHER
                    INFORMATION
                13ITEM
                    6.EXHIBITS
                    AND REPORTS ON FORM
                    8-K
                13SIGNATURES
                14INDEX
                    TO
                    EXHIBITS
                15
 2
 Table
              of Contents
 
 ITEM
          1. CONSOLIDATEDFINANCIAL
          STATEMENTS
 BMX
                        DEVELOPMENT
                        CORP.(FKA
                        BIOMETRIX INTERNATIONAL,
                        INC.)CONSOLIDATED
                        BALANCE
                        SHEETAS
                        OF MARCH 31,
                        2008Unaudited
                    
                    
                    AuditedASSETS
                    
                    31-Mar-08
                    
                    
                    31-Dec-07CURRENT
                        ASSETS:Cash
                    
                    $
                    50,231
                    
                    
                    $
                    57,548TOTAL
                        CURRENT
                        ASSETS
                    
                    
                    50,231
                    
                    
                    
                    57,548FIXED
                        ASSETS:Machinery
                        and
                        equipment
                    
                    
                    65,000
                    
                    
                    
                    65,000Accumulated
                        depreciation
                    
                    
                    (46,583
                    )
                    
                    
                    (43,333
                    )TOTAL
                        FIXED
                        ASSETS
                    
                    
                    18,417
                    
                    
                    
                    21,667TOTAL
                        ASSETS
                    
                    $
                    68,648
                    
                    
                    $
                    79,215LIABILITIES
                        AND STOCKHOLDERS' EQUITYCURRENT
                        LIABILITIESAccounts
                        payable
                    
                    $
                    278
                    
                    
                    $
                    3,675Due
                        to related
                        party
                    
                    
                    5,000
                    
                    
                    
                    5,000Current
                        portion of bank note
                        payable
                    
                    
                    1,394
                    
                    
                    
                    1,394TOTAL
                        CURRENT
                        LIABILITIES
                    
                    
                    6,672
                    
                    
                    
                    10,069LONG-TERM
                        LIABILITIESBank
                        note
                        payable
                    
                    
                    5,404
                    
                    
                    
                    5,752TOTAL
                        LONG-TERM
                        LIABILITIES
                    
                    
                    5,404
                    
                    
                    
                    5,752STOCKHOLDERS'
                        EQUITYCommon
                        stock ($.001 par value,
                        200,000,000 shares authorized; 4,796,000
                        sharesissued
                        and outstanding at March
                        31, 2008)
                    
                    
                    4,796
                    
                    
                    
                    7,596Additional
                        paid in
                        capital
                    
                    
                    165,048
                    
                    
                    
                    159,548Retained
                        deficit
                    
                    
                    (113,272
                    )
                    
                    
                    (103,750
                    )TOTAL
                        STOCKHOLDERS'
                        EQUITY
                    
                    
                    56,572
                    
                    
                    
                    63,394TOTAL
                        LIABILITIES AND
                        STOCKHOLDERS' EQUITY
                    
                    $
                    68,648
                    
                    
                    $
                    79,215
   3
 Table
              of Contents
  BMX
                      DEVELOPMENT
                      CORP.(FKA
                      BIOMETRIX INTERNATIONAL,
                      INC.)CONSOLIDATED
                      STATEMENT OF
                      STOCKHOLDERS' EQUITYFOR
                      THE THREE MONTHS ENDED MARCH
                      31, 2008AdditionalCommon
                      Stock
                  
                  
                  Paid-in
                  
                  
                  RetainedShares
                  
                  
                  Amount
                  
                  
                  Capital
                  
                  
                  DeficitBalances,
                      January 1,
                      2008
                  
                  
                  4,796,000
                  
                  
                  $
                  4,796
                  
                  
                  $
                  162,348
                  
                  
                  $
                  (103,750
                  )Fair
                      value of rent contributed by
                      related party
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  2,700
                  
                  
                  
                  -Net
                      loss for the three months
                      ended March 31, 2008
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (9,522
                  )Balances,
                      March 31,
                      2008
                  
                  
                  4,796,000
                  
                  
                  $
                  4,796
                  
                  
                  $
                  165,048
                  
                  
                  $
                  (113,272
                  )
  4
 Table
              of Contents
  BMX
                      DEVELOPMENT
                      CORP.(FKA
                      BIOMETRIX INTERNATIONAL,
                      INC.)CONSOLIDATED
                      STATEMENTS OF CASH
                      FLOWSFOR
                      THE THREE MONTHS ENDED MARCH
                      31, 2008 and 20072008
                  
                  
                  2007CASH
                      FLOWS FROM OPERATING ACTIVITIES:Net
                      loss
                  
                  $
                  (9,522
                  )
                  
                  $
                  (1,570
                  )Adjustments
                      to reconcile net loss
                      to net cash provided by(used
                      in)
                      operations:Depreciation
                  
                  
                  3,250
                  
                  
                  
                  3,250Fair
                      value of rent contributed by related party
                  
                  
                  2,700
                  
                  
                  
                  2,700Increase
                      (decrease) in operating
                      liabilitiesAccounts
                      payable
                  
                  
                  (3,397
                  )
                  
                  
                  45NET
                      CASH PROVIDED BY (USED IN)
                      OPERATING ACTIVITIES
                  
                  
                  (6,969
                  )
                  
                  
                  4,425CASH
                      FLOWS FROM FINANCING ACTIVITIES:Principal
                      repayments of bank note
                      payable
                  
                  
                  (348
                  )
                  
                  
                  (230
                  )NET
                      CASH (USED) IN FINANCING
                      ACTIVITIES
                  
                  
                  (348
                  )
                  
                  
                  (230
                  )NET
                      INCREASE (DECREASE) IN CASH
                      AND CASH EQUIVALENTS
                  
                  
                  (7,317
                  )
                  
                  
                  4,195CASH
                      AND CASH
                      EQUIVALENTS,BEGINNING
                      OF THE
                      PERIOD
                  
                  
                  57,548
                  
                  
                  
                  335END
                      OF THE
                      PERIOD
                  
                  $
                  50,231
                  
                  
                  $
                  4,530
  5
 Table
              of Contents
  BMX
            DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”
 NOTES
            TO
            CONSOLIDATED FINANCIAL STATEMENTS
 For
              the
              Three Months Ended March 31, 2008 and 2007
 
 NOTE
            1   SUMMARY OF
            SIGNIFICANT
            ACCOUNTING POLICIES
  Business
            Activity
  BMX
            Development Corp., FKA Biometrix International Inc., (the “Company”) is a motor
            cycle repair service company located in the Charlotte, North Carolina
            area. The
            Company was certified as incorporated in the State of Florida officially
            on
            January 3, 2005 although the articles of incorporation were filed on
            December
            28, 2004. Accordingly, under Florida Statutes 607.0203, the effective
            date for
            corporate existence was December 28, 2004, within five business days
            of the
            certification thereto. On May 30, 2007, the Company legally changed its
            name to
            BMX Development Corp. to better suit the business in which it currently
            operates
            in.
  Basis
            of
            Presentation
  The
            consolidated financial statements include the accounts of BMX Development
            Corp.
            and its wholly owned subsidiary under the accrual basis of accounting.
            All
            intercompany accounts and transactions have been eliminated.
  Management’s
            Use of
            Estimates
  The
            preparation of consolidated financial statements in conformity with accounting
            principles generally accepted in the United States of America requires
            management to make estimates and assumptions that affect the reported
            amounts of
            assets and liabilities at the date of the consolidated financial statements
            and
            the reported amounts of revenues and expenses during the reporting periods.
            Actual results could differ from those estimates.
  Deferred
            Taxes
  Income
            taxes are provided in accordance with Statement of Financial Accounting
            Standards No. 109 (SFAS No. 109), “Accounting for Income
            Taxes.” A deferred tax asset or liability is recorded for all temporary
            differences between financial and tax reporting and net operating loss-carry
            forwards.
  Deferred
            tax assets are reduced by a valuation allowance when, in the opinion
            of
            management, it is more likely than not that, some portion or all of the
            deferred
            tax asset will not be realized. Deferred tax assets and liabilities are
            adjusted
            for the effect of changes in tax laws and rates on the date of
            enactment.
  Financial
            Instruments
  The
            Company’s consolidated financial instruments are cash and accounts payable. The
            recorded values of cash and accounts payable approximate their fair values
            based
            on their short-term nature.
  Cash
            and Cash
            Equivalents - For purposes of the Statement of Cash Flows, the Company
            considers highly liquid investments with an original maturity of three
            months or
            less to be cash equivalents.
  Revenue
            Recognition–
Revenue is recognized when repair services are completed provided
            collection of
            the resulting receivable is probable.
  Comprehensive
            Income
            (Loss) - The Company adopted Financial Accounting Standards Board
            Statement of Financial Accounting Standards No. 130, “Reporting Comprehensive
            Income”, which establishes standards for the reporting and display of
            comprehensive income and its components in the consolidated financial
            statements. There were no items of comprehensive income (loss) applicable
            to the
            Company during the period covered in the consolidated financial
            statements.
  Loss
            Per Share - The
            Company reports loss per share in accordance with Statement of Financial
            Accounting Standard (SFAS) No.128. This statement requires dual presentation
            of
            basic and diluted earnings (loss) with a reconciliation of the numerator
            and
            denominator of the loss per share computations. Basic earnings per share
            amounts
            are based on the weighted average shares of common outstanding. If applicable,
            diluted earnings per share would assume the conversion, exercise or issuance
            of
            all potential common stock instruments such as options, warrants and
            convertible
            securities, unless the effect is to reduce a loss or increase earnings
            per
            share. There were no adjustments required to consolidated net loss for
            the
            period presented in the computation of consolidated diluted earnings
            per
            share.
  Impairment
            of Long-Lived
            Assets -In accordance with SFAS No. 144, the Company reviews and
            evaluates its long-lived assets for impairment whenever events or changes
            in
            circumstances indicate that their net book value may not be recoverable.
            When
            such factors and circumstances exist, including those noted above, the
            Company
            compares the assets’ carrying amounts against the estimated undiscounted cash
            flows to be generated by those assets over their estimated useful lives.
            If the
            carrying amounts are greater than the undiscounted cash flows, the fair
            values
            of those assets are estimated by discounting the projected cash flows.
            Any
            excess of the carrying amounts over the fair values are recorded as impairments
            in that fiscal period.
  Property
            and Equipment -Property and equipment is stated at cost. Depreciation is provided
            by the
            straight-line method over the estimated economic life of the property
            and
            equipment remaining from five to seven years.
  When
            assets are sold or retired, their costs and accumulated deprecation are
            eliminated from the accounts and any gain or loss resulting from their
            disposal
            is included in the statement of operations.
  The
            Company recognizes an impairment loss on property and equipment when
            evidence,
            such as the sum of expected future cash flows (undiscounted and without
            interest
            charges), indicates that future operations will not produce sufficient
            revenue
            to cover the related future costs, including depreciation, and when the
            carrying
            amount of the asset cannot be realized through sale. Measurement of the
            impairment loss is based on the fair value of the assets.
  Risk
            and Uncertainties- The Company is subject to risks common to companies in the service
            industry, including, but not limited to, litigation, development of new
            technological innovations and dependence on key personnel.
  Share-Based
            Payments -In December 2004, the Financial Accounting Standards Board (“FASB”)
            issued SFAS No. 123 (R), “Share-Based Payment”, which
            establishes standards for transactions in which an entity exchanges its
            equity
            instruments for goods and services. This standard replaces SFAS No. 123
            and
            supersedes Accounting Principles Board (“APB”) Opinion No. 25, “Accounting for Stock-Based
            Compensation”. This standard requires a public entity to measure the cost
            of employee services, using an option-pricing model, such as the Black-Scholes
            Model, received in exchange for an award of equity instruments based
            on the
            grant-date fair value of the award. This eliminates the exception to
            account for
            such awards using the intrinsic method previously allowable under APB
            No. 25.
            Shares of commons stock issued for services rendered by a third party
            are
            recorded at fair market value, generally the quote at the close of market
            trading on the day for issuance of the stock or most recent sale. The
            Company
            adopted this standard in prior years using the modified prospective
            method.
  6
 Table
                of Contents
  BMX
            DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”
 NOTES
            TO
            CONSOLIDATED FINANCIAL STATEMENTS
 For
              the
              Three Months Ended March 31, 2008 and 2007
 
 NOTE
            1  SUMMARY
            OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
 
 Recent
            Accounting Pronouncements- In September,
            2006, the FASB issued
            SFAS No. 157, "Fair Value Measurements", which defines fair value, establishes
            a
            framework for measuring fair value in generally accepted accounting principles
            and expands disclosures about fair value measurements. SFAS No. 157 is
            effective
            for fiscal years beginning after November 15, 2007. The adoption of this
            standard on January 1, 2008 did not have a material effect on the Company's
            financial statements.
 
 In
            September, 2006, the FASB issued SFAS No. 158, "Employers' Accounting
            for
            Defined Benefit Pension and Other Postretirement Plans - An Amendment
            of FASB
            Statements No. 87, 88, 106 and 132(R)". SFAS No. 158 requires an employer
            to (i)
            recognize in its statement of financial position an asset for a plan's
            overfunded status or a liability for a plan's underfunded status; (ii)
            measure a
            plan's assets and its benefit obligations that determine its funded status
            as of
            the end of the employer's fiscal year (with limited exceptions); and
            (iii)
            recognize changes in the funded status of a defined benefit postretirement
            plan
            in the year in which the changes occur. Those changes will be reported
            in
            comprehensive income. The Company previously adopted in 2006 the requirement
            to
            recognize the funded status of a benefit plan and the disclosure requirements.
            The requirement to measure plan assets and benefit obligations to determine
            the
            funded status as of the end of the fiscal year and to recognize changes
            in the
            funded status in the year in which the changes occur is effective for
            fiscal
            years ending after December 15, 2008. The adoption of the measurement
            date
            provisions of this standard is not expected to have a material effect
            on the
            Company's financial statements.
 
 In
            February, 2007, the FASB issued SFAS No. 159, "The Fair Value Option
            for
            Financial Assets and Financial Liabilities". SFAS No. 159 permits entities
            to
            choose to measure many financial assets and financial liabilities at
            fair value.
            Unrealized gains and losses on items for which the fair value option
            has been
            elected are reported in earnings. SFAS No. 159 is effective for fiscal
            years
            beginning after November 15, 2007. The Company is not electing to measure
            its
            financial assets or liabilities at fair value pursuant to this
            statement.
  Recent
            Accounting
            Pronouncements (cont.) –In June 2006, the Financial Accounting Standards
            Board (“FASB”) ratified the provisions of Emerging Issues Task Force (“EITF”)
            Issue No. 06-3, “How Taxes Collected from Customers and Remitted to Governmental
            Authorities Should Be Presented in the Income Statement (That Is, Gross
            versus
            Net Presentation)”. EITF Issue No. 06-3 requires that the presentation of taxes
            within revenue-producing transactions between a seller and a customer,
            including
            but not limited to sales, use, value added, and some excise taxes, should
            be on
            either a gross (included in revenue and cost) or a net (excluded from
            revenue)
            basis. In addition, for any such taxes that are reported on a gross basis,
            a
            company should disclose the amounts of those taxes in interim and annual
            financial statements for each period for which an income statement is
            presented
            if those amounts are significant. The disclosure of those taxes can be
            done on
            an aggregate basis. EITF Issue No. 06-3 is effective for fiscal years
            beginning
            after December 15, 2006, which will be the Company’s calendar year 2007. The
            adoption of EITF Issue No. 06-3 is not expected to have a material impact
            on the
            Company’s consolidated results of operations or consolidated financial
            position.
  In
            September 2006, the Securities and Exchange Commission issued Staff Accounting
            Bulletin No.108 (“SAB No. 108”), “Considering the Effects of Prior Year
            Misstatements when Quantifying Current Year Misstatements”. SAB No. 108 requires
            analysis of misstatements using both an income statement (rollover) approach
            and
            a balance sheet (iron curtain) approach in assessing materiality and
            provides
            for a one-time cumulative effect transition adjustment. SAB No. 108 is
            effective
            for the fiscal year beginning November 15, 2006. The adoption of SAB
            No. 108 is
            not expected to have a material impact on the Company’s consolidated results of
            operations or consolidated financial position.
  In
            March
            2006, the FASB issued SFAS No. 156. This Statement amends FASB Statement
            No.
            140, Accounting for Transfers and Servicing of Financial Assets and
            Extinguishments of Liabilities, with respect to the accounting for separately
            recognized servicing assets and servicing liabilities. This Statement
            is
            effective as of the beginning of its first fiscal year that begins after
            September 15, 2006. An entity should apply the requirements for recognition
            and
            initial measurement of servicing assets and servicing liabilities prospectively
            to all transactions after the effective date of this Statement.
  Recent
            Accounting
            Pronouncements (cont.) –In September 2006, the FASB issued
            SFAS No. 157 and No. 158. Statement No. 157 defines fair value, establishes
            a
            framework for measuring fair value in generally accepted accounting principles
            (GAAP), and expands disclosures about fair value measurements. This Statement
            applies under other accounting pronouncements that require or permit
            fair value
            measurements, the Board having previously concluded in those accounting
            pronouncements that fair value is the relevant measurement attribute.
            Accordingly, this Statement does not require any new fair value measurements.
            However, for some entities, the application of this Statement will change
            current practice.
  Statement
            No. 158 is an amendment of FASB Statements No. 87, 88, 106, and 132(R).
            It
            improves financial reporting by requiring an employer to recognize the
            over
            funded or under funded status of a defined benefit postretirement plan
            (other
            than a multiemployer plan) as an asset or liability in its statement
            of
            financial position and to recognize changes in that funded status in
            the year in
            which the changes occur through comprehensive income of a business entity
            or
            changes in unrestricted net assets of a not-for-profit organization.
            This
            Statement also improves financial reporting by requiring an employer
            to measure
            the funded status of a plan as of the date of its year-end statement
            of
            consolidated financial position, with limited exceptions.
  The
            Company does not expect application of SFAS No. 156, 157 and 158 to have
            a
            material effect on its consolidated financial statements.
 
 7
 Table
                of Contents
  BMX
              DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”
 NOTES
              TO
              CONSOLIDATED FINANCIAL STATEMENTS
 For
                the
                Three Months Ended March 31, 2008 and 2007
  NOTE
            2  INCOME
            TAXES
  At
            September 30, 2007, the Company had federal and state net operating loss
            carry
            forwards of approximately $94,000 that expire in the year 2020.
  Due
            to
            operating losses, there is no provision for current federal or state
            income
            taxes For the Three Months Ended March 31, 2008 and 2007.
  Deferred
            income taxes reflect the net tax effects of temporary differences between
            the
            carrying amounts of assets and liabilities for financial reporting purposes
            and
            the amount used for federal and state income tax purposes.
  The
            Company’s deferred tax asset at September 30, 2007 consists of net operating
            loss carry forwards calculated using federal and state effective tax
            rates
            equating to approximately $17,000 less a valuation allowance in the amount
            of
            approximately $17,000. Because of the Company’s lack of earnings history, the
            deferred tax asset has been fully offset by a valuation allowance. The
            valuation
            allowance increased by approximately $8,200 for the nine month period
            ended
            September 30, 2007.
  The
            Company’s total deferred tax asset as of September 30, 2007 is as
            follows:
  Net
            operating loss carry
            forwards                        $
            17,000
  Valuation
            allowance                                          (17,000)
  Net
            deferred tax
            asset                                         $        --
 =======
  The
            reconciliation of income taxes computed at the federal and state statutory
            income tax rate to total income taxes For the Three Months Ended March
            31, 2008
            and 2007 is as follows:
  Income
            tax computed at the federal statutory
            rate                        
34%
  Income
            tax computed at the state statutory
            rate                            
5%
  Valuation
            allowance                                                                   (39%)
  Total
            deferred tax
            asset                                                               0%
 
 
 NOTE
            3  CAPITAL
            STOCK
  The
            Company is authorized to issue 200,000,000 common shares at $.001 par
            value per
            share.
  In
            August, 2007, the Company affected a ten for one forward split of its
            common
            stock.
  The
            Company issued 200,000 pre-split (2,000,000 post-split) common shares
            in May,
            2007 to its Vice President, for the purchase of all of his stock in a
            motorcycle
            repair company that he solely owned.
  In
            September, 2007, the Company issued 96,000 shares of its restricted common
            stock
            to eight accredited investors in exchange for $48,000 in cash. The Company
            also
            issued an equal warrant for each share sold. See Note 9 below for disclosure
            of
            the warrants. The Company recorded $14,244 in expense during the three
            months
            ended September 30, 2007 to record the fair market value of the warrants
            issued
            based on the Black Scholes option-pricing model.
  NOTE
            4   LOSS PER
            SHARE
  Loss
            per
            share is computed by dividing the net loss by the weighted average number
            of
            common shares outstanding during the period. Basic and diluted loss per
            share
            was the same For the Three Months Ended March 31, 2008 and 2007.
  
 NOTE
            5  SUPPLEMENTAL
            CASH FLOW
            INFORMATION
  Supplemental
            disclosures of cash flow information For the Three Months Ended March
            31, 2008
            and 2007 are summarized as follows:
  Cash
            paid
            during the period for interest and income taxes:
  2007                                           
2006
  Income
            Taxes                         $
            --                                           
$ --
  Interest                               $4,951                                           
            $5,112
 
  NOTE
            6  GOING
            CONCERN AND UNCERTAINTY
  The
            Company has suffered recurring losses from operations since inception.
            In
            addition, the Company has yet to generate an internal cash flow from
            its
            business operations. These factors raise substantial doubt as to the
            ability of
            the Company to continue as a going concern.
 
 Management’s
            plans with regard to these matters encompass the following actions: 1)
            obtain
            funding from new investors to alleviate the Company’s working deficiency, and 2)
            implement a plan to generate sales. The Company’s continued existence is
            dependent upon its ability to resolve it liquidity problems and increase
            profitability in its current business operations. However, the outcome
            of
            management’s plans cannot be ascertained with any degree of certainty. The
            accompanying consolidated financial statements do not include any adjustments
            that might result from the outcome of these risks and
            uncertainties.
  8
 Table
                of Contents
 BMX
              DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”
 NOTES
              TO
              CONSOLIDATED FINANCIAL STATEMENTS
 For
                the
                Three Months Ended March 31, 2008 and 2007
  NOTE
            7  BANK NOTE
            PAYABLE
  The
            Company has a term bank note payable to an unrelated banking institution
            bearing
            annual interest of 10.25%, secured by equipment with a net book value
            of $24,917
            at September 30, 2007. The note was originally for $9,900 and consists
            of
            eighty-four monthly payments of principal and interest of $168 with principal
            maturity in December, 2011.
  Principal
            maturities of the bank note payable as of September 30, 2007 for the
            next five
            years with none due thereafter are as follows:
 
 2007                                                      
            $ 1,253
 2008                                                      
            $ 1,394
 2009                                                      
            $ 1,552
 2010                                                      
            $ 1,728
 2011                                                      
            $ 1,606
 Total                                                      
            $ 7,533
 ========
 
 NOTE
            8 LEASE
            COMMITMENT AND RELATED PARTY TRANSACTION
  The
            Company has a three year lease at $100 per month with a related party
            company
            that is partially owned by its President. The lease expires on December
            31, 2007
            and, therefore, no future minimum lease commitment exists beyond one
            year.
  The
            Company also has an oral, month-to-month lease with an individual related
            to the
            Company’s Vice President. The lease is gratuitous and consists of approximately
            1,100 square feet of space including a bay area, shop and office. The
            consolidated financial statements herein include the imputed fair value
            of the
            space at $900 per month based upon comparables in the area.
  At
            September 30, 2007, the Company owes $5,000 to a company related through
            common
            ownership with the Company’s officer, director and majority shareholder for
            money it borrowed during the nine months ended September 30, 2007.
  NOTE
            9  STOCK
            WARRANTS
  During
            the three months ended September 30, 2007, the Company issued 96,000
            stock
            warrants to eight unrelated accredited investors who subscribed to the
            Company’s
            common stock. The stock warrants allow the unrelated parties to purchase
            shares
            of the Company’s stock at $1.00 per share per the individual signed warrant
            agreement. The warrants allow the unrelated parties to purchase one common
            share
            of the Company’s common stock for each warrant. The warrants expire in
            September, 2010 per the individual warrant agreement. The Company did
            not grant
            any registration rights with respect to any shares of common stock issuable
            upon
            exercise of the warrants. The Company recorded an expense of $14,244
            equal to
            the estimated fair value of the options at the date of grants. The fair
            market
            value was calculated using the Black-Scholes options pricing model, assuming
            approximately 6% risk-free interest, 0% dividend yield, 65% volatility,
            $1.50
            per share strike price, and a life of three years.
  Stock
            warrants outstanding and exercisable on September 30, 2007 are as
            follows:
  Exercise
                  Shares
                      Under
                  Remaining
                      LifePrice
                      per  Share
                  Option
                  In
                      YearsOutstanding:$1.50
                  96,000
                  3.00Exercisable:$1.50
                  96,000
                  3.00
  NOTE
            10  SUBSEQUENT
            EVENTS
  Subsequent
            to September 30, 2007, the Company’s two majority shareholders, who are also
            officers and directors, collectively retired 2,800,000 of their common
            shares
            back to the treasury. The Company as of October 9, 2007, therefore, has
            4,796,000 shares of its common stock issued and outstanding.
  9
 Table
              of Contents
  ITEM
          2. MANAGEMENT'S DISCUSSION
          AND ANALYSIS
          OF CONSOLIDATED FINANCIAL CONDITION AND RESULTS OF OPERATION
 
 As
          used herein the terms "we", "us",
          "our," the “Registrant,” “BMX” and the "Company" means, BMX Development Corp.
          (FKA Biometrix International, Inc.), a Florida corporation. These terms
          also
          refer to our wholly-owned subsidiary corporation, Johnson High Performance,
          Inc.
          (“JHP”), organized and existing under the laws of North Carolina on September
          1,
          2004, acquired on April 27, 2007.
 
 GENERAL
          DESCRIPTION OF
          BUSINESS
  We
          were
          incorporated on December 28, 2004 under the name Biometrix International,
          Inc.
          On May 30, 2007, we filed an amendment to the Articles of Incorporation
          with the
          Secretary of State of Florida to change our corporate name to BMX Development
          Corp. On April 27, 2007, we acquired our sole wholly-owned subsidiary,
          Johnson
          High Performance, Inc. ("JHP"). After the acquisition, we changed our corporate
          name to BMX Development Corp. as mentioned above and began the business
          for
          motorcycle repairs.
  On
          April 27,
          2007, BMX (legal acquirer) executed a Plan of Exchange with JHP (accounting
          acquirer), the sole shareholder of JHP, pursuant to which BMX issued the
          new
          200,000 common shares to Dean A. Stewart, sole shareholder of JHP, pursuant
          to
          Regulation D under the Securities Act of 1933, as amended, in exchange
          for all
          of the common shares of JHP. As a result, JHP became the wholly-owner subsidiary
          of BMX.
  Theabove
          mentionedstock
          exchange transaction has been
          accounted for as a reverse acquisition and recapitalization ofBMXwherebyJHPis
          deemed to be the accounting acquirer
          (legal acquiree) andBMXto
          be the accounting acquiree (legal
          acquirer). The accompanying consolidatedfinancial statements
          are in substance
          those ofJHP,
          with the assets and liabilities,
          and revenues and expenses,
          ofBMXbeing
          included effective from the date
          of stock exchange transaction.BMXis
          deemed to be a continuation of thebusinessofJHP.Accordingly,
          the accompanyingconsolidatedfinancial
          statementsinclude the
          following:
 
 (1)Thebalance
                    sheet consists of the net
                    assets of theaccountingacquirer
                    at historical cost and
                    the net assets of theaccountingacquiree
                    at historical
                    cost;
 
 (2)the
                    financial position,
                    results of
                    operations, and cash flowsof the
                    acquirerfor all
                    periods presented asif the
                    recapitalization had occurred at the beginning of the earliest
                    period
                    presentedand the
                    operations of theaccounting
                    acquiree from the date
                    of stock exchange
                    transaction.
 
 Since
          the completion of the Plan of
          Exchange, which was on April 27, 2007, we have continued operations of
          JHP.
          Prior to the merger with JHP, we were an inactive, dormant shell corporation.
          We
          had been dormant since December, 2004 with operations consisting of only
          organizational activities. Management decided that the repair and servicing
          of
          motor cycles would be beneficial, thus we acquired a business in this
          field.
 
 Our
          operations primarily involve street and off-road motorcycle servicing and
          repair, specializing in affordable brand name and after-market replacement
          products. Through our emphasis on budget pricing and high quality service,
          we
          have developed a market in the motorcycle service industry in the local
          Charlotte, North Carolina area and a fifty mile surrounding area. We currently
          operate one office and one service bay area that is maintained by a management
          team of two individuals. The present geographic area we operate in includes
          primarily the Mecklenburg County, and Iredell County areas of North Carolina.
          Our subsidiary’s phone number is (336) 992-0241. This is the number used by
          customers and for all other business related matters.
 
 Marketing
          for our services is accomplished through print ads in newspapers as well
          as
          wholesale referrals. Additionally, we utilize a network of motor cycle
          owners
          and obtain business through networking with them.
 
 The
          motorcycle repair service industry is highly competitive with respect to
          price,
          service, quality, and location. There are numerous competitors in the motorcycle
          repair servicing industry that possess substantially greater financial,
          marketing, personnel and other resources. There can be no assurance that
          we will
          be able to respond to various competitive factors affecting the business.
          We
          plan to gain a competitive advantage over our competitors in the motorcycle
          repair servicing industry by offering quality services at a low
          price.
 
 We
          believe our quality and good customer service will differentiate our services
          from our competitors. For example, many of our listed prices currently
          match or
          are lower than the advertised prices of our major competitors. Also, we
          offer
          next day servicing on our repairs and our customer service professionals
          have an
          average of five years in the motorcycle industry which allows them to better
          serve our customers. However, since many of our competitors have greater
          brand
          loyalty and more capital resources than we do, there can be no assurance
          we will
          be successful in gaining that competitive advantage in our
          marketplace.
 
 Our
          main
          markets are individual retail customers and wholesale buyers and no single
          customer makes up more than ten percent of our total revenues. We do not
          expect
          that this will change in the future.
 
 We
          have
          two full-time employees. We also have two management consultants that are
          each
          independently contracted by us to service and provide financial consulting
          and
          services.
  Our
          service
          line consists primarily of the following:
  ·
                Air
                    filters                                
                    Fuel
                    valves                             Throttle
                    assemblies
 ·
                Air
                    shifters                              
                    Gaskets                                 Tires
 ·
                Carburetors                              Ignitions                                
                    Transmission and clutch parts
 ·
                Chains                                      Piston
                    kits                              Valves
 ·
                Cylinders                                 
                    Race engine
                    valves                 Velocity
                    stacks
 ·
                Exhaust
                    systems                       
                    RPM
                    limiters                         Wheels
 
 10
 Table
              of Contents
 
 We
            provide
            installation services for these products.
  No
          single
          customer accounts for more than ten percent of our business. At the present
          time
          there is no need for governmental approvals, though this may change in
          the
          future.
 
 Servicing
  Our
          tool
          inventory consists of products which we purchase from wholesalers. Of our
          200
          total square feet of facility, 100 square feet is dedicated to accounting,
          administration, billing, etc. We do provide installation and repair services
          from this facility.
 
 Pricing
 
 The
          price
          range of motor cycle replacement parts varies from market to market, affected
          by
          several factors including brand recognition, marketing strategies, quality,
          warranties, payment terms etc. A strategy primarily focused on being the
          lowest
          price typically results in more intense competition and lower profit margin.
          Therefore, on many of our services we offer multiple value choices in a
          good/better/best assortment, with appropriate price and quality differences
          from
          the “good” products to the “better” and “best” products. We believe that our
          overall prices compare favorably to those of our competitors.
 
 Marketing
 
 We
          believe that targeted advertising and marketing play important roles in
          succeeding in today’s environment. We will constantly work to understand our
          customers’ wants and needs so that we can build long-lasting, loyal
          relationships. We plan to utilize marketing and advertising primarily to
          advise
          customers about the overall importance of motor cycle maintenance, our
          great
          value and the availability of high quality service and parts. We are attempting
          to develop a targeted ‘loyalty program’ as a marketing method of driving new
          traffic to us. The basic idea of a ‘loyalty program’ is providing incentive
          discounts to the repeat customers. We will store up our customers' purchase
          records and set up guidelines to identify qualified customers. Such guidelines
          may include the total amount spent on repairs, or total visits for our
          services.
          For example, we may provide a 10% discount to customers whose total yearly
          spending exceeds $1,000. The loyalty program is still under development.
          We
          believe such incentives will appeal to our targeted customers including
          garages,
          service stations and other mechanics that repeatedly purchase use our services.
          To increase average sales dollars per transaction, we utilize creative
          promotional materials to increase the chance of up-selling and cross-selling
          opportunities.
 
 Purchasing
          and Supply Chain
 
 Replacement
          parts are selected and purchased from various vendors locally. We currently
          have
          several primary suppliers including Kustomwerks and Zippers. Neither of
          them are
          related parties. We typically assemble a list of replacement parts and
          products
          we need and phone or fax our orders into our suppliers on a daily basis.
          Most
          replacement parts and products are delivered to us the same day. We do
          not have
          any written distributors agreements with any of our suppliers. If we lost
          any of
          our suppliers, we believe we will be able to replace them with a comparable
          supplier without a material disruption to our business. However, we believe
          that
          we currently have good relationships with our suppliers.
 Environmental
          Law
          Compliance
 
 There
          are no current existing
          environmental concerns for our services. If this changes in the future,
          we make
          every effort to comply with all such applicable regulations.
  RESULTS
          OF OPERATIONS FOR
          THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007
 
 The
          following discussion should be read
          in conjunction with the consolidated financial statements included in this
          report and is qualified in its entirety by the foregoing.
  FORWARD
          LOOKING STATEMENTS
  Certain
          statements in this report, including statements of our expectations, intentions,
          plans and beliefs, including those contained in or implied by "Management's
          Discussion and Analysis" and the Notes to Consolidated Financial Statements,
          are
          "forward-looking statements", within the meaning of Section 21E of the
          Securities Exchange Act of 1934, as amended (the "Exchange Act"), that
          are
          subject to certain events, risks and uncertainties that may be outside
          our
          control. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”,
“will”, and similar expressions identify forward-looking statements. Readers
          are
          cautioned not to place undue reliance on these forward-looking statements,
          which
          speak only as of the date on which they are made. We undertake no obligation
          to
          update or revise any forward-looking statements. These forward-looking
          statements include statements of management's plans and objectives for
          our
          future operations and statements of future economic performance, information
          regarding our expansion and possible results from expansion, our expected
          growth, our capital budget and future capital requirements, the availability
          of
          funds and our ability to meet future capital needs, the realization of
          our
          deferred tax assets, and the assumptions described in this report underlying
          such forward-looking statements. Actual results and developments could
          differ
          materially from those expressed in or implied by such statements due to
          a number
          of factors, including, without limitation, those described in the context
          of
          such forward-looking statements.
 
 CRITICAL
          ACCOUNTING POLICIES
  Revenue
          recognition
 
 We
          recognize revenue when repair services are completed, persuasive evidence
          of an
          arrangement exists, the fee is fixed or determinable and collectibility
          is
          probable. We assess collectibility based upon the clients’ financial condition
          and prior payment history, as well as our performance under the
          contract.
 
 Property,
          Plant, and
          Equipment
 
 Property
          and equipment are stated at cost less accumulated depreciation and accumulated
          impairment losses, if any. Depreciation is calculated on the straight-line
          basis
          over the following expected useful lives from the date on which they become
          fully operational and after taking into account their estimated residual
          values:
 
 Depreciable
                    lifeMachinery
                5
                    yearsEquipment
                5
                    years
 
 Expenditure
          for maintenance and repairs is expensed as incurred.
 
 11
 Table
              of Contents
  Revenues
 
 Net
          revenues were $12,984 and $15,918
          for the three months ended March 31, 2008 and 2007, respectively. Sales
          revenues
          were due primarily to motorcycle repairs and maintenance. The decline in
          year to
          date revenues was due to fewer advertising in 2008.
 
 Income
          /
          Loss
 
 We
          had
          net losses of $9,522 and $1,570 for the three months ended March 31, 2008
          and
          2007, respectively. The net losses in these periods were primarily due
          to
          depreciation expense, which were $3,250 in each of the quarters for the
          three
          months ended March 31, 2008 and 2007. We also imputed the fair value of
          rent
          provided by our Vice President’s brother of $2,700 in each of the quarters for
          the three months ended March 31, 2008 and 2007, respectively.
 
 Expenses
 
 Operating
          expenses for the three months ended March 31, 2008 and 2007 were $16,700
          and
          $10,574, respectively. Depreciation expense fees and the fair value of
          rent
          provided as mentioned above were the primary reasons for the changes in
          the
          respective periods. Also, uniform expenses of $362 and $302 for the three
          months
          ended March 31, 2008 and 2007, respectively, was another reason for the
          changes
          in the respective periods.
  Cost
          of
          Revenue
 
 Cost
          of
          revenue primarily includes sales of purchased motor cycle parts inventory.
          During the three months ended March 31, 2008, we had cost of revenues of
          $5,196,
          or approximately 60% of revenues, and $6,379 for the three months ended
          March
          31, 2007, or approximately 60%. The cost of revenue as a percentage of
          revenue
          was fairly stable, with cost cutting, efficiency measures in labor taking
          effect
          during the three-month periods ended March 31, 2008 and 2007 primarily
          attributable to the stable price in the cost components.
 
 Impact
          of
          Inflation
 
 We
          believe that inflation has had a negligible effect on operations during
          the
          three-month periods ended March 31, 2008 and 2007. We believe that we can
          offset
          inflationary increases in the cost of revenue by increasing revenue and
          improving operating efficiencies.
 Liquidity
          and Capital
          Resources
 
 Net
          cash flowsprovided by(used
          in)operating activities
          were$(6,969)and
          $4,425for
          thethreemonthsendedMarch
          31, 2008and 2007,
          respectively, primarily attributable
          to a net
          loss, which were$9,522and
          $1,570for
          thethreemonthsendedMarch
          31, 2008and 2007,
          offset bydepreciation expense
          of $3,250,
          fair value of rent provided in the
          amount of $2,700,and
          increases in accounts payable
          ineach of these two
          periods.
 
 There
          were no cash flows from investing activities for the threemonthsendedMarch
          31, 2008and 2007.
 
 Net
          cash
          flows used in financing activities were $348 and $230 for the threemonthsendedMarch
          31, 2008and 2007,
          solely attributable
          toprincipal repayments
          on our note payable
          to the bank.
 Overall,
          we have funded all of our cash needs from inception through March 31, 2008
          with
          proceeds from issuance of our common stock.
 
 On
          March
          31, 2008, we had cash of $50,231 on hand.We
          do not have or anticipate having
          within the next 12 months any cash flow or liquidity problems and we are
          not in default or in
          breach
          of ournoteorlease or other indebtedness
          or
          financing arrangement requiring us to make payments.
 
 No
          significant amount of our trade
          payables has been
          unpaid within the stated trade term. We are not subject to any unsatisfied
          judgments, liens or settlement obligations.
 
 ITEM
          3. QUANTITATIVE
          AND QUALITATIVE DISCLOSURES
          ABOUT MARKET RISK
 
 The
          information to be
          reported under this item is
          not required of smaller reporting companies.
 
 ITEM
          4T. CONTROLS AND PROCEDURES.
  DISCLOSURE
                    CONTROLS
                    AND PROCEDURESOur
                    management, including our Principal Executive Officer and Principal
                    Financial Officer, has evaluated the design, operation, and effectiveness
                    of our disclosure controls and procedures pursuant to Rule 13a-15
                    under
                    the Securities Exchange Act of 1934 (the “Exchange Act”). There are
                    inherent limitations to the effectiveness of any system of disclosure
                    controls and procedures, including the possibility of human error
                    and the
                    circumvention or overriding of the controls and procedures. Accordingly,
                    even effective disclosure controls and procedures can only provide
                    reasonable assurance of achieving their control objectives. Based
                    upon the
                    evaluation performed by our management, including its Principal
                    Executive
                    Officer and Principal Financial Officer, it was determined that,
                    as of the
                    end of the period covered by this quarterly report, our disclosure
                    controls and procedures were effective to provide reasonable
                    assurance
                    that information required to be disclosed in the reports filed
                    or
                    submitted pursuant to the Exchange Act is recorded, processed,
                    summarized,
                    and reported within the time periods specified in the rules and
                    forms of
                    the SEC, and that such information is accumulated and communicated
                    to our
                    management, including its Principal Executive Officer and Principal
                    Financial Officer, or persons performing similar functions, as
                    appropriate
                    to allow timely decisions regarding disclosures
  Changes
          in Internal Control
          Over Financial Reporting
 
 Our
          Principal Executive Officer and Principal Financial Officer have determined
          that, during the period covered by this quarterly report, there were no
          changes
          in our internal control over financial reporting that materially affected,
          or
          are reasonably likely to materially affect, our internal control over financial
          reporting. They have also concluded that there were no significant changes
          in
          our internal controls after the date of the evaluation.
 
 12
 Table
              of Contents
  PART
          II. OTHER INFORMATION
 
 ITEM
          1. LEGAL PROCEEDINGS
 
 We
          are
          not aware of any pending or threatened legal proceedings, in which we are
          involved. In addition, we are not aware of any pending or threatened legal
          proceedings in which entities affiliated with our officers, directors or
          beneficial owners are involved.
  ITEM
          1A. RISK FACTORS
  Information
          regarding risk factors appears in Part I, “Item 2. Management’s Discussion
          and Analysis of Financial Condition and Results of Operations” under the
          captions “General Description of Business” and “Cautionary Note Regarding
          Forward-Looking Statements” contained in this Quarterly Report on Form 10-Q and
          in “Item 1A. RISK FACTORS” of our 2007 Annual Report on Form 10-KSB. There
          have been no material changes from the risk factors previously disclosed
          in our
          2007 Annual Report on Form 10-KSB.
 
 ITEM
          2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
  None.
 
 ITEM
          3. DEFAULTS UPON SENIOR SECURITIES
 
 None.
 
 ITEM
          4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
 
 None.
 
 ITEM
          5. OTHER INFORMATION
 
 None.
  ITEM
          6. EXHIBITS AND REPORTS ON FORM 8-K
 
 (1)
                Exhibits:
                    Exhibits required to be attached
                    by Item 601 of Regulation S-B are listed in the Index to Exhibits
                    beginning on page 8 of this Form 10-Q, which is incorporated
                    herein by
                    reference.
 
 Reports
          on Form 8-K
          filed
 
 (1)
                None.
 13
 Table
              of Contents
  SIGNATURES
 
 Pursuant
          to the requirements of the Securities Exchange Act of 1934, the registrant
          has
          duly caused this report to be signed on its behalf by the undersigned,
          there
          unto duly authorized.
  BMX
                    DEVELOPMENT CORP. (FKA BIOMETRIX INTERNATIONAL, INC.)Date:
                    May 14, 2008
                By:
                /s/ Michael
                    J. BongiovanniMichael
                    J. Bongiovanni
                  President
 14
 Table
              of Contents
  INDEX
          TO EXHIBITS
  Exhibit
                    No.
                
                Description31.1
                
                Certification
                    of Chief Executive
                    Officer31.2
                
                Certification
                    of Chief Financial
                    Officer32.1
                
                Statement
                    required by 18 U.S.C. Section 1350, as adopted
                    pursuant to section 906 of the Sarbanes-Oxley Act of
                    2002.32.2
                
                Statement
                    required by 18 U.S.C. Section 1350, as adopted
                    pursuant to section 906 of the Sarbanes-Oxley Act of 2002