**U.S.
      Securities and Exchange Commission**


**Washington,
      D.C. 20549**









**FORM
      10-QSB**







**[X]**
            **Quarterly
                Report Under Section 13 or 15(d) of The Securities Exchange Act of
                1934
                for the Quarterly Period Ended September 30,
                2007**





**[
                 ]**
            **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 October 9,
      2007:     4,796,000









*Table
          of Contents*




**CAUTIONARY
      STATEMENT REGARDING FORWARD LOOKING INFORMATION**




The
      discussion contained in this 10-QSB 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-QSB. 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-QSB 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.




2




**TABLE
                OF
                CONTENTS****PART
                I. FINANCIAL INFORMATION**ITEM
                1.CONSOLIDATEDFINANCIAL
                STATEMENTS
            4ITEM
                2.MANAGEMENT'S
                DISCUSSION AND
                ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND CONSOLIDATED RESULTS
                OF
                OPERATION
            18ITEM
                3.CONTROLS AND
                PROCEDURES
            23**PART
                II. OTHER INFORMATION**ITEM
                1.LEGAL
                PROCEEDINGS
            24ITEM
                2.CHANGES IN
                SECURITIES AND USE OF
                PROCEEDS
            24ITEM
                3.DEFAULTS UPON
                SENIOR
                SECURITIES
            24ITEM
                4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
            24ITEM
                5.OTHER
                INFORMATION
            24ITEM
                6.EXHIBITS AND
                REPORTS ON FORM
                8-K
            24SIGNATURES
            25INDEX
                TO
                EXHIBITS
            26




3
 *Table
          of Contents*




**ITEM
      1.** **CONSOLIDATED****FINANCIAL STA****TEMENTS**






**BMX
                  DEVELOPMENT CORP.****(FKA
                  BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                  BALANCE SHEETAS
                  OF SEPTEMBER 30, 2007ASSETSCURRENT
                  ASSETS:Cash
              
              $
              51,061TOTAL
                  CURRENT ASSETS
              
              
              51,061FIXED
                  ASSETS:Machinery
                  and equipment
              
              
              65,000Accumulated
                  depreciation
              
              
              (40,083
              )TOTAL
                  FIXED ASSETS
              
              
              24,917TOTAL
                  ASSETS
              
              $
              75,978LIABILITIES
                  AND STOCKHOLDERS' EQUITYCURRENT
                  LIABILITIESAccounts
                  payable
              
              $
              7,666Due
                  to related party
              
              
              5,000Current
                  portion of bank note payable
              
              
              1,253TOTAL
                  CURRENT LIABILITIES
              
              
              13,919LONG-TERM
                  LIABILITIESBank
                  note payable
              
              
              6,280TOTAL
                  LONG-TERM LIABILITIES
              
              
              6,280STOCKHOLDERS'
                  EQUITYCommon
                  stock ($.001 par value, 200,000,000 shares authorized; 7,596,000
                  shares
                  issued and outstanding)
              
              
              7,596Additional
                  paid in capital
              
              
              142,604Retained
                  deficit
              
              
              (94,421
              )TOTAL
                  STOCKHOLDERS' EQUITY
              
              
              55,779TOTAL
                  LIABILITIES AND STOCKHOLDERS' EQUITY
              
              $
              75,978The
                  accompanying notes are an integral part of these consolidated financial
                  statements


4
 *Table
            of Contents*
  **BMX
                      DEVELOPMENT CORP.****(FKA
                      BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                      STATEMENTS OF OPERATIONSFOR
                      THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND
                      2006For
                      the Three Months
                  
                  
                  For
                      the Nine MonthsEnded
                      September 30,
                  
                  
                  Ended
                      September 30,2007
                  
                  
                  2006
                  
                  
                  2007
                  
                  
                  2006REVENUES:Sales
                  
                  $
                  38,950
                  
                  
                  $
                  21,806
                  
                  
                  $
                  75,370
                  
                  
                  $
                  76,159Cost
                      of sales
                  
                  
                  (23,522
                  )
                  
                  
                  (16,325
                  )
                  
                  
                  (41,580
                  )
                  
                  
                  (52,911
                  )Gross
                      profit
                  
                  
                  15,428
                  
                  
                  
                  5,481
                  
                  
                  
                  33,790
                  
                  
                  
                  23,248EXPENSES:Selling,
                      general and administrative expenses
                  
                  
                  28,575
                  
                  
                  
                  12,372
                  
                  
                  
                  53,939
                  
                  
                  
                  35,005Total
                      expenses
                  
                  
                  28,575
                  
                  
                  
                  12,372
                  
                  
                  
                  53,939
                  
                  
                  
                  35,005Loss
                      from operations
                  
                  $
                  (13,147
                  )
                  
                  $
                  (6,891
                  )
                  
                  $
                  (20,149
                  )
                  
                  $
                  (11,757
                  )Interest
                      expense
                  
                  
                  (2,649
                  )
                  
                  
                  (1,204
                  )
                  
                  
                  (4,951
                  )
                  
                  
                  (5,112
                  )Loss
                      before income taxes
                  
                  
                  (15,796
                  )
                  
                  
                  (8,095
                  )
                  
                  
                  (25,100
                  )
                  
                  
                  (16,869
                  )Provision
                      for income taxes
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -NET
                      LOSS
                  
                  $
                  (15,796
                  )
                  
                  $
                  (8,095
                  )
                  
                  $
                  (25,100
                  )
                  
                  $
                  (16,869
                  )Basic
                      and fully diluted net loss per common share:
                  
                  $
                  (0.002
                  )
                  
                  $
                  (0.001
                  )
                  
                  $
                  (0.004
                  )
                  
                  $
                  (0.003
                  )Weighted
                      average common shares outstanding
                  
                  
                  7,548,000
                  
                  
                  
                  5,500,000
                  
                  
                  
                  6,548,000
                  
                  
                  
                  5,500,000The
                      accompanying notes are an integral part of these consolidated
                      financial
                      statements
  5
 *Table
            of Contents*
  **BMX
                      DEVELOPMENT CORP.****(FKA
                      BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                      STATEMENT OF STOCKHOLDERS' EQUITYFOR
                      THE NINE MONTHS ENDED SEPTEMBER 30, 2007AdditionalCommon
                      Stock
                  
                  
                  Paid-in
                  
                  
                  RetainedShares
                  
                  
                  Amount
                  
                  
                  Capital
                  
                  
                  DeficitBalances,
                      January 1, 2007
                  
                  
                  5,500,000
                  
                  
                  $
                  5,500
                  
                  
                  $
                  86,600
                  
                  
                  $
                  (69,321
                  )Fair
                      value of rent contributed by related party
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  8,100
                  
                  
                  
                  -Issuance
                      for acquisition of Johnson High Performance, Inc.
                  
                  
                  2,000,000
                  
                  
                  
                  2,000
                  
                  
                  
                  -
                  
                  
                  
                  -Issuance
                      of common shares to accredited investors
                  
                  
                  96,000
                  
                  
                  
                  96
                  
                  
                  
                  47,904
                  
                  
                  
                  -Net
                      loss for the nine months ended September 30, 2007
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  (25,100
                  )Balances,
                      September 30, 2007
                  
                  
                  7,596,000
                  
                  
                  $
                  7,596
                  
                  
                  $
                  142,604
                  
                  
                  $
                  (94,421
                  )The
                      accompanying notes are an integral part of these consolidated
                      financial
                      statements
  6
 *Table
                of Contents*
  **BMX
                          DEVELOPMENT CORP.****(FKA
                          BIOMETRIX INTERNATIONAL, INC.)**CONSOLIDATED
                          STATEMENTS OF CASH FLOWSFOR
                          THE NINE MONTHS ENDED SEPTEMBER 30, 2007 and 20062007
                      
                      
                      2006CASH
                          FLOWS FROM OPERATING ACTIVITIES:Net
                          loss
                      
                      $
                      (25,100
                      )
                      
                      $
                      (16,689
                      )Adjustments
                          to reconcile net loss to net cash provided by(used
                          in) operations:Depreciation
                      
                      
                      9,750
                      
                      
                      
                      9,750Warrants
                          issued to investors
                      
                      
                      14,244
                      
                      
                      
                      -Fair
                          value of rent contributed by related party
                      
                      
                      8,100
                      
                      
                      
                      8,100Increase
                          (decrease) in operating liabilitiesAccounts
                          payable
                      
                      
                      (8,578
                      )
                      
                      
                      (124
                      )NET
                          CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
                      
                      
                      (1,584
                      )
                      
                      
                      1,037CASH
                          FLOWS FROM FINANCING ACTIVITIES:Issuance
                          of common shares to accredited investors
                      
                      
                      48,000
                      
                      
                      
                      -Proceeds
                          from related party
                      
                      
                      5,000
                      
                      
                      
                      -Principal
                          repayments of bank note payable
                      
                      
                      (690
                      )
                      
                      
                      (690
                      )NET
                          CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES
                      
                      
                      52,310
                      
                      
                      
                      (690
                      )NET
                          INCREASE IN CASH AND CASH EQUIVALENTS
                      
                      
                      50,726
                      
                      
                      
                      347CASH
                          AND CASH EQUIVALENTS,BEGINNING
                          OF THE PERIOD
                      
                      
                      335
                      
                      
                      
                      -END
                          OF THE PERIOD
                      
                      $
                      51,061
                      
                      
                      $
                      347SUPPLEMENTARY
                          CASH FLOW INFORMATION OF NON-CASHFINANCING
                          ACTIVITIES:Warrants
                          issued to eight accredited investors
                      
                      $
                      14,244
                      
                      
                      $
                      -The
                          accompanying notes are an integral part of these consolidated
                          financial
                          statements


7
 *Table
          of Contents*




**BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 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 receivables and payables approximate their fair values
        based
        on their short-term nature.
  8
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 NOTE
        1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
  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 -The Company evaluated the recoverability of its
        property and equipment, and other assets in accordance with Statements of
        Financial Accounting Standards (SFAS) No. 121, *“Accounting for the
        Impairment of Long-Lived Assets to be Disposed of”*which requires
        recognition of impairment of long-lived assets in the event the net book
        value
        of such assets exceeds the estimated future undiscounted cash flows attributable
        to such assets or the business to which such intangible assets
        relate.
  9
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 NOTE
        1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)
  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 during year ended December 31, 2006 using the
        modified prospective method.
 
 10
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 NOTE
        1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)
  Recent
        Accounting Pronouncements- In February 2006, FASB issued SFAS No. 155,
“Accounting for Certain Hybrid Financial Instruments”. SFAS No. 155 amends SFAS
        No 133, “Accounting for Derivative Instruments and Hedging Activities”, and SFAF
        No. 140, “Accounting for Transfers and Servicing of Financial Assets and
        Extinguishments of Liabilities”. SFAS No. 155, permits fair value re-measurement
        for any hybrid financial instrument that contains an embedded derivative
        that
        otherwise would require bifurcation, clarifies which interest-only strips
        and
        principal-only strips are not subject to the requirements of SFAS No. 133,
        establishes a requirement to evaluate interest in securitized financial assets
        to identify interests that are freestanding derivatives or that are hybrid
        financial instruments that contain an embedded derivative requiring bifurcation,
        clarifies that concentrations of credit risk in the form of subordination
        are
        not embedded derivatives, and amends SFAS No. 140 to eliminate the prohibition
        on the qualifying special-purpose entity from holding a derivative financial
        instrument that pertains to a beneficial interest other than another derivative
        financial instrument. This statement is effective for all financial instruments
        acquired or issued after the beginning of the Company’s first fiscal year that
        begins after September 15, 2006. The adoption of SFAS No. 155 is not expected
        to
        have a material impact on the Company’s results of consolidated operations or
        consolidated financial position.
  In
        June
        2006, the FASB issued Interpretation No. 48, “Accounting for Uncertainty in
        Income Taxes - an interpretation of FASB Statement No. 109” (“FIN 48”) which
        prescribes a recognition threshold and measurement attribute, as well as
        criteria for subsequently recognizing, derecognizing and measuring uncertain
        tax
        positions for financial statement purposes. FIN 48 also requires expanded
        disclosure with respect to the uncertainty in income tax assets and liabilities.
        FIN 48 is effective for fiscal years beginning after December 15, 2006, which
        will be the Company’s calendar year 2007, and is required to be recognized as a
        change in accounting principle through a cumulative-effect adjustment to
        retained earnings as of the beginning of the year of adoption. The adoption
        of
        FIN 48 is not expected to have a material impact on the Company’s consolidated
        results of operations or consolidated financial position.
  11
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 NOTE
        1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)
  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.
 
 12
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 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.
  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 nine months ended September 30, 2007 and 2006.
  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.
  13
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 
  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 nine months ended September
        30,
        2007 and 2006 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.
  14
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 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 nine months ended September 30, 2007 and 2006.
  
 NOTE
        5 SUPPLEMENTAL CASH FLOW INFORMATION
  Supplemental
        disclosures of cash flow information for the nine months ended September
        30,
        2007 and 2006 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.
 
 15
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 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.
  16
 *Table
            of Contents*
  **BMX
        DEVELOPMENT CORP. “FKA BIOMETRIX INTERNATIONAL, INC.”**
 NOTES
        TO
        CONSOLIDATED FINANCIAL STATEMENTS
 For
          the
          Nine Months Ended September 30, 2007 and 2006
 
 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.




17
 *Table
          of Contents*




**ITEM
      2.** **MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED
      FINANCIAL CONDITION AND RESULTS OF OPE****RATION**





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.





The
      above
      mentioned stock exchange transaction has been accounted for as a reverse
      acquisition and recapitalization of BMX whereby JHP is deemed to be the
      accounting acquirer (legal acquiree) and BMX to be the accounting acquiree
      (legal acquirer). The accompanying consolidated financial statements are in
      substance those of JHP, with the assets and liabilities, and revenues and
      expenses, of BMX being included effective from the date of stock exchange
      transaction. BMX is deemed to be a continuation of the business of JHP.
      Accordingly, the accompanying consolidated financial statements include the
      following:





(1) The
                balance sheet consists of the net assets of the accounting acquirer
                at
                historical cost and the net assets of the accounting acquiree at
                historical cost;





(2) the
                financial position, results of operations, and cash flows of the
                acquirer
                for all periods presented as if the recapitalization had occurred
                at the
                beginning of the earliest period presented and the operations of
                the
                accounting 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.




18
 *Table
          of Contents*





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




19
 *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.




20
 *Table
          of Contents*




**RESULTS
      OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30,
      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.




21
 *Table
          of Contents*





Revenues




Net
      revenues
      were $38,950 and $75,370 for the three months and nine months ended September
      30, 2007, respectively, compared to net revenues of $21,806 and $76,159 for
      the
      three months and nine months ended September 30, 2006, respectively. The sales
      revenues were due primarily to motorcycle repairs and maintenance. The decline
      in year to date revenues was due to fewer advertising in 2007 due to a shortage
      of cash. There was an increase in the third quarter of 2007 due to bike week
      in
      Myrtle Beach after quarter end and bike owners upgrading and repairing their
      bikes for the event.





Income
      / Loss





We
      had
      net losses of $15,796 and $25,100 for the three months and nine months ended
      September 30, 2007, respectively, compared to net losses of $8,095 and $16,869
      for the three months and nine months ended September 30, 2006, respectively.
      The
      net losses in these periods were primarily due to depreciation expense, which
      were $3,250 in each of the quarters for the nine months ended September 30,
      2007
      and 2006. 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 nine months ended
      September 30, 2007 and 2006, respectively. Also, during the quarter ending
      September 30, 2007, we issued 96,000 warrants valued at $14,244 using the Black
      Scholes option pricing model. The warrants have a $1.50 strike price per share
      and expire in three years from the date of issuance.





Expenses





Operating
      expenses for the three months and nine months ended September 30, 2007 were
      $28,575 and $53,939, respectively, compared to operating expenses of $12,372
      and
      $53,939 for the three months and nine months ended September 30, 2006,
      respectively. Depreciation expense fees as mentioned above and warrants expenses
      of $9,750 and $14,244 for the nine months ended September 30, 2007 and 2006,
      respectively, were the primary reasons for the changes in the respective
      periods. Also, uniform expenses of $1,610 and $891 for the nine months ended
      September 30, 2007 and 2006, 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 and nine months ended September 30, 2007, we had cost
      of
      revenues of $23,522, or approximately 60% of revenues, and $41,580, or
      approximately 55% of revenues, respectively, versus cost of revenues of $16,325,
      or approximately 74% of revenues, and $52,911, or approximately 69% of revenues,
      during the three months and nine months ended September 30, 2006, respectively.
      The cost of revenue as a percentage of revenue was fairly stable, with cost
      cutting, efficiency measures in labor taking effect in 2007, during the
      three-month and nine-month periods ended September 30, 2007 and the comparative
      periods in the previous year 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 and nine-month periods ended September 30, 2007 and the comparative
      periods in the previous period. We believe that we can offset inflationary
      increases in the cost of revenue by increasing revenue and improving operating
      efficiencies.




22
 *Table
          of Contents*




Liquidity
      and Capital Resources





Net
      cash
      flows provided by (used in) operating activities were $(1,584) and $1,037
      for the nine months ended September 30, 2007 and 2006, respectively, primarily
      attributable to a net loss, which were $25,100 and $16,689 for the nine months
      ended September 30, 2007 and 2006, offset by depreciation expense of $9,750,
      fair value of rent provided in the amount of $8,100, and increases in accounts
      payable in each of these two periods.





There
      were no cash flows from investing activities for the nine months ended September
      30, 2007 and 2006.





Net
      cash
      flows used in financing activities were $690 and $690 for the nine months ended
      September 30, 2007 and 2006, solely attributable to principal repayments on
      our
      note payable to the bank. During the nine months ended September 30, 2007,
      we
      also borrowed $5,000 from a party related through common ownership and
      directorship. These monies were used for operational purposes prior to our
      raising $48,000 in the third quarter of 2007 from eight accredited
      investors.




Overall,
      we have funded all of our cash needs from inception through September 30, 2007
      with proceeds from issuance of our common stock.





On
      September 30, 2007, we had cash of $51,061 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 our note or lease 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. CONTROLS AND PROCEDURES.**




We
      maintain disclosure controls and procedures designed to ensure that information
      required to be disclosed in reports filed under the Securities Exchange Act
      of
      1934 (“Exchange Act”) is recorded, processed, summarized and reported within the
      specified time periods. Our Chief Executive Officer and its Chief Financial
      Officer (collectively, the “Certifying Officers”) are responsible for
      maintaining our disclosure controls and procedures. Our controls and procedures
      established by us are designed to provide reasonable assurance that information
      required to be disclosed by the issuer in the reports that it files or submits
      under the Exchange Act are recorded, processed, summarized and reported within
      the time periods specified in the Commission’s rules and forms.




As
      of the end of the period covered by this report, the Certifying Officers
      evaluated the effectiveness of our disclosure controls and procedures. Based
      on
      the evaluation, the Certifying Officers concluded that our disclosure controls
      and procedures were effective to provide reasonable assurance that information
      required to be disclosed by us in the reports that we file or submit under
      the
      Exchange Act are recorded, processed, summarized and reported, within the time
      periods specified in the applicable rules and forms, and that it is accumulated
      and communicated to our management, including the Certifying Officers, as
      appropriate to allow timely decisions regarding required
      disclosure.




23
 *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
      2. CHANGES IN SECURITIES AND USE OF PROCEEDS**




During
      the three months ended September
      30, 2007, we collected $48,000 in proceeds from eight accredited investors
      who
      purchased 98,000 shares of our restricted common stock under a private
      placement. With this placement, we issued 98,000 warrants to purchase our common
      stock during the next three years at a price of $1.50 per share.





**ITEM
      3. DEFAULTS UPON SENIOR SECURITIES**





None.





**ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**





None.





**ITEM
      5. OTHER INFORMATION**





During
      the quarter ending September 30,
      2007, we enacted a ten for one forward split of our common stock. Accordingly,
      our financial statements and related disclosures have been adjusted as thought
      the split occurred at the beginning of the periods presented.





Subsequent
      to September 30, 2007, our two officers collectively retired 2,800,000 common
      shares to our treasury.




**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-QSB,
                which is
                incorporated herein by reference.




Reports on Form 8-K filed





(1)
            None.




24
 *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:
                October 9, 2007
            By:
            /s/ Michael
                J. BongiovanniMichael
                J. Bongiovanni
              President






25
 *Table
          of Contents*




**INDEX
      TO EXHIBITS**




**Exhibit
                No.**
            
            **Description**31.1
            
            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






26