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FORM 10-QSB

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

[X]
     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT of  1934  for the period ended December 31, 2006OR[  ]
     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT of  1934  for the transition period from


ST ONLINE CORP.(Name of small business issuer in its charter)

Commission File Number  000-51712Nevada
     71-0971567(State or Other Jurisdiction of Organization)
     (IRS Employer Identification #)


359 - 240th StreetLangley, British ColumbiaCanada V3A 6H5(Address of principal executive offices, including zip code)

(604) 534-3879(Registrants telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

The Registrant is a Shell company. [  ]

State the number of shares outstanding of each of the issuers classes of common equity, as of the latest practicable date:As at February 14, 2007, the issuer had 5,120,650 common shares issued and outstanding.

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PART I. - FINANCIAL INFORMATIONITEM 1.
     INTERIM FINANCIAL STATEMENTS.ST Online Corp.(A Development Stage Company)Balance Sheets(Expressed in U.S. dollars)December 31,
     
     September 30,2006
     
     2006$
     
     $(unaudited)ASSETSCurrent AssetsCash
     
     434
     
     16,233Due from related party (Note 4(b))
     500
     
     -Total Current Assets
     934
     
     16,233Property and Equipment (Note 3)
     2,776
     
     3,116Total Assets
     
     3,710
     
     19,349LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)Current LiabilitiesAccounts payable
     4,267
     
     2,850Due to related party (Note 4(a))
     5,000
     
     5,000Total Liabilities
     9,267
     
     7,850Contingencies (Note 1)Stockholders Equity (Deficit)Common Stock:Authorized: 100,000,000 common shares, par value $0.00001Issued and outstanding: 5,120,650 shares
     51
     
     51Additional Paid-in Capital
     112,054
     
     112,054Donated Capital (Note 4(c))
     21,000
     
     18,750Deficit Accumulated During the Development Stage
     (138,662
     )
     (119,356
     )Total Stockholders Equity (Deficit)
     (5,557
     )
     11,499Total Liabilities and Stockholders Equity (Deficit)
     3,710
     
     19,349




(The accompanying notes are an integral part of these financial statements)F-1-2-

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ST Online Corp.(A Development Stage Company)Statements of Operations(Expressed in U.S. dollars)(unaudited)For the
     
     For the
     
     Accumulated fromThree Months
     
     Three Months
     
     August 27, 2004Ended
     
     Ended
     
     (Date of Inception)December 31
     
     December 31
     
     to December 312006
     
     2005
     
     2006$
     
     $
     
     $Revenue
     4
     
     114
     
     690ExpensesAmortization
     340
     
     -
     
     2,751Impairment loss on intangible assets
     -
     
     -
     
     2,896Selling, general and administrative (Note 4(c))
     18,970
     
     9,865
     
     133,705Total Expenses
     19,310
     
     9,865
     
     139,352Net Loss
     (19,306
     )
     (9,751
     )
     (138,662
     )Net Loss Per Share - Basic and Diluted
     -
     
     -Weighted Average Shares Outstanding
     5,121,000
     
     4,000,000














(The accompanying notes are an integral part of these financial statements)F-2-3-

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ST Online Corp.(A Development Stage Company)Statements of Cash Flows(Expressed in U.S. dollars)(unaudited)For the
     
     For theThree Months
     
     Three MonthsEnded
     
     EndedDecember 31,
     
     December 31,2006
     
     2005$
     
     $Operating ActivitiesNet loss
     (19,306
     )
     (9,751
     )Adjustments to reconcile net loss to net cash used in operatingactivities:Amortization
     340
     
     -Donated services and rent
     2,250
     
     2,250Changes in operating assets and liabilities:Due from related party
     (500
     )
     -Accounts payable and accrued liabilities
     1,417
     
     (9,923
     )Net Cash Flows Used in Operating Activities
     (15,799
     )
     (17,424
     )Investing ActivitiesPurchase of property and equipment
     -
     
     (3,340
     )Net Cash Flows Used in Investing Activities
     -
     
     (3,340
     )Financing ActivitiesRepayments to related parties
     -
     
     (19,896
     )Proceeds from share subscriptions received
     -
     
     111,965Net Cash Flows Provided by Financing Activities
     -
     
     92,069Increase (Decrease) in Cash
     (15,799
     )
     71,305Cash - Beginning of Period
     16,233
     
     1,841Cash - End of Period
     434
     
     73,146Supplemental DisclosuresInterest paid
     -
     
     -Income taxes paid
     -
     
     -






(The accompanying notes are an integral part of these financial statements)F-3

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ST Online Corp.(A Development Stage Company)Notes to the Financial Statements(Expressed in U.S. dollars)(unaudited)

|1. | Nature of Operations and Continuance of Business                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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|   | ST Online Corp. (the Company) was incorporated in the State of Nevada on August 27, 2004. The Company is based in Vancouver, British Columbia, Canada and its principal business is as an online website that enables customers to purchase and download tennis lesson video clips. The Company acquired the rights to the website from a principal shareholder by the issuance of debt in the amount of $4,348.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|   | The Company is in the development stage with management devoting most of its activities to developing a market for its products and services. These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated significant revenue and has never paid any dividends. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern and the ability of the Company to emerge from the development stage is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations and to generate sustainable significant revenue. There is no guarantee that the Company will be able to raise any equity financing or generate profitable operations. As at September 30, 2006, the Company has a working capital deficit of $8,333 and has accumulated losses of $138,662 since inception. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors raise substantial doubt regarding the Companys ability to continue as a going concern.
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|2. | Summary of Significant Accounting Principles                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
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ST Online Corp.(A Development Stage Company)Notes to the Financial Statements(Expressed in U.S. dollars)(unaudited)

|2. | Summary of Significant Accounting Principles (continued)
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ST Online Corp.(A Development Stage Company)Notes to the Financial Statements(Expressed in U.S. dollars)(unaudited)

|2. | Summary of Significant Accounting Principles (continued)
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ST Online Corp.(A Development Stage Company)Notes to the Financial Statements(Expressed in U.S. dollars)(unaudited)

|2. | Summary of Significant Accounting Principles (continued)
|-- | --------------------------------------------------------
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|3. | Property and Equipment                                  
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December 31,
     September 30,2006
     2006Accumulated
     Net Carrying
     Net CarryingCost
     Amortization
     Value
     Value$
     $
     $
     $Office equipment
     4,075
     1,299
     2,776
     3,116


|4. | Related Party Transactions
|-- | --------------------------
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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

This section of our quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this quarterly report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

We are a start-up stage corporation with limited operations and minuscule revenues from our business operations. Our revenues have been exclusively generated from the sale of tennis lessons on our website. Since inception we have generated approximately $690 in revenues from the sale of tennis lessons.

Our auditors have issued a going concern opinion. This means that our auditors 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 are a start-up stage corporation with limited operations and minuscule revenues from our business operations.

Plan of Operation

We have negligible financial resources at present. We must raise funds to carry on our business, and execute our plan of operations for the next year.

We will explore options to raise further funds for operations, so that we may pay costs associated with legal, audit and accounting and regulatory requirements. We also seek to raise funds for general, administrative and marketing expenses and other funds required to execute our plan of operation. We will not be conducting any research and development, nor do we expect to purchase or sell any fixed assets. We believe that we will be able to raise some funds to stay in operation. If we do not raise sufficient funds our business will fail.

We have recently upgraded our website to become more modern and offer more products including e-books. We will market our new website online to try to garner more visitors, users and customers. We intend to market our e-books, which are available for sale on the website. We intend to continue to market our downloadable video clips which we have had on our website for sale for over a year. We will conduct marketing research to determine if we should bundle our e-book products together with our video downloads. If we raise sufficient funds, we may hire a consultant to provide advice on this issue, if we do not have sufficient funds, then we will do our own research. We will market our forums that we have recently created on the website. We believe that if we can attract customers to our forums (which are free), then they may also buy our video and e-book products.





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If we raise sufficient funds, we may attempt to offer tennis products on our websites such as tennis rackets and balls. If we make this decision to offer these products, we will incur costs for website upgrades, inventory, and marketing. We anticipate the website upgrade to be approximately $4,000, marketing $5-10,000, and inventory, $5,000. There is no guarantee that we can raise sufficient funds to initiate these plans. These plans are subordinated to our plans to market and sell more videos and e-books.

Limited operating history; need for additional capital

There is limited historical financial information about us upon which to base an evaluation of our performance. We are in a start-up stage operations and have generated minuscule 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.

Results of operationsFrom Inception on August 27, 2004 to December 31, 2006

During the period, we incorporated the company, filed a registration statement with the Securities and Exchange Commission, completed our public offering, and initiated operations. Further, we contracted Tidal Multimedia Inc. to create an Internet website with the domain name www.simpletennis.com. Our loss from inception to December 31, 2006 is $138,662, which $133,705 is for selling and general and administrative costs. We have generated $690 in revenues since our inception on August 27, 2004.

Since inception, we have sold 5,120,650 shares of common stock and raised $112,105 from the sale of stock.

Our revenues decreased from $114 for the quarter ended December 31, 2005 to $4 for the quarter ended December 31, 2006. This was as a result of increased competition including websites that offer downloads for free and an aging design for our website. Our total business expenses increased from $9,865 for the quarter ended December 31, 2005 to $19,310 for the quarter ended December 31, 2006. Our expenses increased primarily as a result of upgrading our website in December 2006.

Liquidity and capital resources

In August 2004, we issued 4,000,000 shares of common stock through a private placement of securities to our officers and directors and raised $40. We relied upon the exemption from registration contained in section 4(2) of the Securities Act of 1933. This was accounted for as a sale of common stock.
     On October 31, 2005, our Form SB-2 registration statement (SEC file no. 333-121114) was declared effective by the SEC.  On January 6, 2006, we completed our public offering by selling 1,120,650 shares of common stock to 96 persons and corporations and raised $112,065.
     As of December 31, 2006, our total assets were $3,710, including $500 owed by Scott Pedersen to the company and our total liabilities were $9,267, including $5,000 owed to Elena Avdasseva for cash advances and expenses paid for on our behalf.

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Recent accounting pronouncements

In September 2006, the Financial Accounting Standards Board (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). This statement requires employers to recognize the overfunded or underfunded 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 requires an employer to measure the funded status of a plan as of the date of its year-end statement of financial position, with limited exceptions. The provisions of SFAS No. 158 are effective for employers with publicly traded equity securities as of the end of the fiscal year ending after December 15, 2006. The adoption of this statement is not expected to have a material effect on the Company's future reported financial position or results of operations.

In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. The objective of SFAS 157 is to increase consistency and comparability in fair value measurements and to expand disclosures about fair value measurements. SFAS 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. SFAS 157 applies under other accounting pronouncements that require or permit fair value measurements and does not require any new fair value measurements. The provisions of SFAS No. 157 are effective for fair value measurements made in fiscal years beginning after November 15, 2007. The adoption of this statement is not expected to have a material effect on the Company's future reported financial position or results of operations.

In June 2006, the FASB issued FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of FASB Statements No. 109 (FIN 48). FIN 48 clarifies the accounting for uncertainty in income taxes by prescribing a two-step method of first evaluating whether a tax position has met a more likely than not recognition threshold and second, measuring that tax position to determine the amount of benefit to be recognized in the financial statements. FIN 48 provides guidance on the presentation of such positions within a classified statement of financial position as well as on derecognition, interest and penalties, accounting in interim periods, disclosure, and transition. FIN 48 is effective for fiscal years beginning after December 15, 2006. The adoption of this statement is not expected to have a material effect on the Company's future reported financial position or results of operations.

ITEM 3. CONTROLS AND PROCEDURES.

(a)Evaluation of Disclosure Controls and Procedures:Disclosure controls and procedures are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports filed under the Exchange Act is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer,

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of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports our files and submits under the Exchange Act is recorded, processed, summarized and reported as and when required.

(b)Changes in Internal Control over Financial Reporting:There were no changes in our internal control over financial reporting identified in connection with our evaluation of these controls as of the end of the period covered by this report that affected those controls subsequent to the date of the evaluation referred to in the previous paragraph, including any correction action with regard to deficiencies and material weakness.

PART II - OTHER INFORMATION

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.

On October 31, 2005, our Form SB-2 registration statement (SEC file no. 333-121114) was declared effective by the SEC. On January 6, 2006, we completed our public offering by selling 1,120,650 shares of common stock to 96 persons and corporations and raised $112,065. Since completing our public offering, we have used the proceeds as follows:

Offering Expenses
     $
     18,971Website development
     
     10,659Database
     
     27,481Marketing and advertising
     
     7,955Establishing an office
     
     26,835Salaries
     
     0Working capital
     
     34,469Working capital
     
     8,495TOTAL
     $
     112,065


ITEM 6. EXHIBITS.The following documents are included herein:



|Exhibit No. | Document Description                                                                                                                                                                           
|----------- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|           
|31.1        | Certification of Principal Executive Officer and Principal Financial Officer pursuant to Rule 13a-14 and Rule 15d-14(a), promulgated under the Securities and Exchange Act of 1934, as amended.
|           
|32.1        | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of  the Sarbanes-Oxley Act of 2002 (Chief Executive Officer and Chief Financial Officer).                 

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 14thday of February, 2006.

ST ONLINE CORP.BY:       SCOTT PEDERSEN
                                                Scott Pedersen, President, Principal Executive 
                                                Officer, Treasurer, Principal Financial Officer 
                                                and Principal Accounting Officer.


Pursuant to the requirements of the Securities and Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities.

Signature
     Title
     DateSCOTT PEDERSENScott Pedersen
     President, Principal Executive Officer, Treasurer, Principal Financial Officer and Principal Accounting Officer.
     February 14, 2007OXANA AVDASSEVAOxana Avdasseva
     Secretary and a member of the Board of Directors.
     February 14, 2007




















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