UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 10-Q


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


                         For the quarterly period ended
                                  MAY 31, 2009


                       COMMISSION FILE NUMBER: 333-121044


                             W. S. INDUSTRIES, INC.
          _____________________________________________________________
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


        Nevada                                           98-0439650
_______________________                     ____________________________________
(State of organization)                     (I.R.S. Employer Identification No.)


                                4255 Arbutus St.
                            Suite 250, Vancouver, BC
                                     V6J 4R1
                    ________________________________________
                    (Address of principal executive offices)


                                Tel: 604-830-6499
               __________________________________________________
               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 [ ]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer, or a smaller reporting company. See
the definitions of "large accelerated  filer,"  "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                                Accelerated filer [ ]
Non-accelerated filer   [ ]                        Smaller reporting company [X]

Indicate by check mark whether the registrant has submitted  electronically  and
posted on its corporate Website, if any, every Interactive Data File required to
be submitted and posted  pursuant to Rule 405 of Regulation  S-T  (ss.229.405 of
this chapter)  during the  preceding 12 months (or for such shorter  period that
the registrant was required to submit and post such files)

                                 Yes [ ] No [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

                                 Yes [X] No [ ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock as of July , 2009.

          TITLE OF EACH CLASS                                   NUMBER OF SHARES
Common Stock, par value $0.001 per share                           21,088,680


                                       1


<PAGE>


CONTENTS

PART I | FINANCIAL INFORMATION.................................................3
   ITEM 1  | FINANCIAL STATEMENTS..............................................3
   ITEM 2  | MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION
             AND RESULTS OF OPERATIONS........................................14
   ITEM 3  | DISCLOSURES ABOUT MARKET RISK....................................16
   ITEM 4  | CONTROLS AND PROCEDURES..........................................16
   ITEM 4T | CONTROLS AND PROCEDURES..........................................16

PART II |OTHER INFORMATION....................................................17
   ITEM 1  | LEGAL PROCEEDINGS................................................17
   ITEM 1A | RISK FACTORS.....................................................17
   ITEM 2  | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS......19
   ITEM 3  | DEFAULTS UPON SENIOR SECURITIES..................................19
   ITEM 4  | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS..............19
   ITEM 5  | OTHER INFORMATION................................................19
   ITEM 6  | EXHIBITS AND REPORTS ON FORM 8-K.................................19
   ITEM 7  | SIGNATURES.......................................................20






















                                        2


<PAGE>


                         PART I | FINANCIAL INFORMATION

                          ITEM 1 | FINANCIAL STATEMENTS











                              W.S. INDUSTRIES, INC.

                          (A Development Stage Company)


                          INTERIM FINANCIAL STATEMENTS


                                  May 31, 2009


                                   (Unaudited)


                             (STATED IN US DOLLARS)












                                       3


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                             INTERIM BALANCE SHEETS
                        May 31, 2009 and August 31, 2008
                                   (Unaudited)
                             (STATED IN US DOLLARS)

                                        May 31,         August 31,
                                         2009             2008
_________________________________________________________________

                          ASSETS
Current
   Cash                                $   1,087        $     524

Investment                                     -           50,393
Equipment                                    309            2,762
_________________________________________________________________

                                       $   1,396        $  53,679
=================================================================

                     LIABILITIES
Current
   Accounts payable and accrued
      liabilities - Note 4             $ 167,776        $  89,221
   Loans and advances - Note 4            25,599            1,316
_________________________________________________________________

                                       $ 193,375        $  90,537
_________________________________________________________________

        STOCKHOLDERS' DEFICIENCY

Capital Stock - Note 3
Common Stock, $0.001 par value
   25,000,000  authorized
   21,088,680  issued and out-
      standing (August 31, 2008:
      21,088,680)                         21,089           21,089
Additional paid-in capital               214,097          214,097
Deficit accumulated during the
   development stage                    (433,453)        (278,332)
Accumulated other comprehensive
   income                                  6,288            6,288
_________________________________________________________________

                                        (191,979)         (36,858)
_________________________________________________________________


                             SEE ACCOMPANYING NOTES


                                       4


<PAGE>

<TABLE>
<CAPTION>



                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
             INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
            for the three and nine months ended May 31, 2009 and 2008
    and for the period from April 5, 2004 (Date of Inception) to May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)
                                                                                               April 5, 2004
                                   Three months ended               Nine months ended            (Date of
                                        May 31,                          May 31,               Inception) to
                               ___________________________     ___________________________        May 31,
                                  2009            2008            2009            2008             2009
____________________________________________________________________________________________________________
<S>                            <C>             <C>             <C>             <C>              <C>

Revenue                        $         -     $         -     $         -     $         -      $    17,285
____________________________________________________________________________________________________________

Expenses                             8,165           3,851          24,502          22,446          100,683

Accounting and audit fees            5,400               -          16,200               -           21,600

Administrative services                  -               -               -               -            8,085

Bad debt expense                     4,014             639           9,359             793           13,234

Bank charges and interest                -               -               -               -            8,878

Consulting fees                          -               -               -               -              177

Courier and postage                     89              42             267             126            1,932

Depreciation                             -               -             858               -            2,810

Entertainment                            -           1,632           1,349           4,316           27,115

Legal                               30,300          22,500          90,900          22,500          170,500

Management fees and bonus
   - Note 4                              -               -           1,000               -           12,446

Office and miscellaneous               553             446           9,905           3,121           28,002

Registration and filing
   fees                                  -             709               -           2,127           17,418

Rent                                     -               -               -               -            7,500

Research and marketing                   -             203               -             203            3,027

Telephone                                -               -               -               -            6,154

Travel                                   -               -               -               -            6,139

Wages
____________________________________________________________________________________________________________

                                    48,521          30,022         154,340          55,632          435,700
____________________________________________________________________________________________________________

Loss before other items            (48,521)        (30,022)       (154,340)        (55,632)        (418,415)

Interest income                          -               -               -               -            4,327

Foreign exchange gain
   (loss)                              251            (185)           (781)           (507)          (9,365)

Impairment of investment                 -               -               -               -          (10,000)
____________________________________________________________________________________________________________

Net loss for the period            (48,270)        (30,207)       (155,121)        (56,139)        (433,453)

Other comprehensive income
   (loss):

Foreign currency transla-
   tion adjustment                       -             (49)              -          (1,022)           6,288
____________________________________________________________________________________________________________

Comprehensive loss for the
   period                      $   (48,270)    $   (30,256)    $  (155,121)    $   (57,161)     $  (427,165)
============================================================================================================

Basic loss per share           $      0.00     $      0.00     $      0.01     $      0.00
==========================================================================================

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


                             SEE ACCOMPANYING NOTES

</TABLE>

                                       5


<PAGE>

<TABLE>
<CAPTION>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                        INTERIM STATEMENTS OF CASH FLOWS
               for the nine months ended May 31, 2009 and 2008 and
      for the period from April 5, 2004 (Date of Inception) to May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)
                                                                                            April 5, 2004
                                                             Nine months ended                (Date of
                                                                  May 31,                   Inception) to
                                                        ____________________________           May 31,
                                                           2009              2008               2009
_________________________________________________________________________________________________________
<S>                                                     <C>               <C>                <C>

Cash Flows used in Operating Activities
   Net loss for the period                              $ (155,121)       $  (56,139)        $  (433,453)
   Items not affecting cash:
      Bad debt expenses                                          -                 -               8,085
      Depreciation                                             267               126               1,932
      Impairment of investment                                   -                 -              10,000
   Changes in non-cash working capital balances:
      Accounts receivable                                        -                 -              (8,085)
      Accounts payable and accrued liabilities             133,739            20,323             222,960
_________________________________________________________________________________________________________

Net cash used in operating activities                      (21,115)          (35,690)           (198,561)
_________________________________________________________________________________________________________

Cash Flows from Financing Activities
   Unsecured short term borrowings                          24,283                 -              25,599
   Common stock issued                                           -                 -             297,186
   Common stock repurchased                                      -                 -             (62,000)
_________________________________________________________________________________________________________

Net cash provided by financing activities                   24,283                 -             260,785
_________________________________________________________________________________________________________

Cash Flows used in Investing Activities
   Acquisition of equipment                                      -                 -              (4,427)
   Acquisition of investments                               (2,605)          (22,952)            (64,291)
_________________________________________________________________________________________________________

Net cash used in investing activities                       (2,605)          (22,952)            (68,718)
_________________________________________________________________________________________________________

Effect of exchange rate changes on cash                          -            (1,020)              7,581
_________________________________________________________________________________________________________

Net increase (decrease) in cash during the period              563           (59,662)              1,087

Cash, beginning of period                                      524            77,994                   -
_________________________________________________________________________________________________________

Cash, end of period                                     $    1,087        $   18,332         $     1,087
=========================================================================================================

Non-Cash Transaction - Note 6


                             SEE ACCOMPANYING NOTES

</TABLE>

                                       6


<PAGE>

<TABLE>
<CAPTION>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
             INTERIM STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIENCY)
        for the period April 5, 2004 (Date of Inception) to May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


                                                                                 Deficit
                                                                               Accumulated    Accumulated
                                             (Note 5)            Additional    During the        Other
                                     ________________________     Paid-in      Development    Comprehensive
                                       Number      Par Value      Capital         Stage          Income          Total
_________________________________________________________________________________________________________________________
<S>                                   <C>               <C>          <C>       <C>               <C>           <C>

Issued for cash:
   Private placement agreements
                   - at $0.000049    20,007,680    $   20,008    $  (19,022)   $         -       $     -       $      986
                   - at $0.01         2,000,000         2,000        18,000              -             -           20,000
                   - at $0.20            81,000            81        16,119              -             -           16,200

Foreign currency translation                  -             -             -              -           380              380

Net loss for the period                       -             -             -        (11,573)            -          (11,573)
_________________________________________________________________________________________________________________________

Balance, August 31, 2004             22,088,680        22,089        15,097        (11,573)          380           25,993

Foreign currency translation                                                                       1,279            1,279

Net loss for the year                         -             -             -        (32,276)            -          (32,276)
_________________________________________________________________________________________________________________________

Balance, August 31, 2005             22,088,680        22,089        15,097        (43,849)        1,659           (5,004)

Issued for cash:
   Private placement agreements
                       - at $0.20     1,000,000         1,000       199,000              -             -          200,000
Shares repurchased
                       - at $0.20    (2,000,000)       (2,000)     (398,000)             -             -         (400,000)

Capital contribution                          -             -       398,000              -             -          398,000

Foreign currency translation                                                                       4,788            4,788

Net loss for the year                         -             -             -        (51,090)            -          (51,090)
_________________________________________________________________________________________________________________________

Balance, August 31, 2006             21,088,680        21,089       214,097        (94,939)        6,447          146,694

Issued for cash:
   Private placement agreements
                       - at $0.20       300,000           300        59,700              -             -           60,000

Shares repurchased - Note 3
                       - at $0.20      (300,000)         (300)      (59,700)             -             -          (60,000)

Foreign currency translation                                                                         785              785

Net loss for the year                         -             -             -        (54,962)            -          (54,962)
_________________________________________________________________________________________________________________________

Balance, August 31, 2007             21,088,680        21,089       214,097       (149,901)        7,232           92,517

Foreign currency translation
   adjustment                                 -             -             -              -          (944)            (944)

Net loss for the year                         -             -             -       (128,431)            -         (128,431)
_________________________________________________________________________________________________________________________

Balance, August 31, 2008             21,088,680        21,089       214,097       (278,332)        6,288          (36,858)

Net loss for the period                       -             -             -       (155,121)            -         (155,121)
_________________________________________________________________________________________________________________________

Balance, May 31, 2009                21,088,680    $   21,089    $  214,097    $  (433,453)      $ 6,288       $ (191,979)
=========================================================================================================================


                             SEE ACCOMPANYING NOTES

</TABLE>

                                       7


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 1        NATURE OF OPERATIONS AND ABILITY TO CONTINUE AS A GOING CONCERN

              The Company is in the development stage as defined by Statement of
              Financial  Accounting  Standard  ("SFAS")  No. 7  "Accounting  and
              Reporting  by  Development  Stage  Enterprises"  and  has  not yet
              realized any revenues from its planned operations. The Company was
              incorporated  in the State of Nevada,  United States of America on
              April 5, 2004 and its fiscal year end is August 31. The Company is
              in the  development  stage and offers wine  storage and  cellaring
              services but also invests in wine for long term  appreciation  and
              resale.  Effective July 2, 2008, the Company is listed for trading
              on the  Over-the-Counter  Bulletin  Board in the United  States of
              America.

              These  financial  statements have been prepared in accordance with
              generally accepted  accounting  principles in the United States of
              America on a going concern  basis,  which assumes that the Company
              will continue to realize its assets and discharge its  obligations
              and  commitments in the normal course of  operations.  Realization
              values may be  substantially  different  from  carrying  values as
              shown  and  these  financial  statements  do not  give  effect  to
              adjustments  that would be necessary  to the  carrying  values and
              classification  of assets and  liabilities  should the  Company be
              unable  to  continue  as a going  concern.  At May 31,  2009,  the
              Company had an  accumulated  deficit of $433,453  (August 31, 2008
              deficit of $278,332)  At May 31,  2009,  the Company has a working
              capital  deficit of $192,288  (August 31, 2008 deficit of $90,013)
              and  expects to incur  further  losses in the  development  of its
              business, all of which casts substantial doubt about the Company's
              ability to continue as a going concern.  The Company's  ability to
              continue  as a going  concern  is  dependent  upon its  ability to
              generate  future  profitable   operations  and/or  to  obtain  the
              necessary   financing  to  meet  its  obligations  and  repay  its
              liabilities arising from normal business operations when they come
              due.  Management  has no  formal  plan in  place to  address  this
              concern  but is  considering  obtaining  additional  funds by debt
              financing  to the extent  there is a  shortfall  from  operations.
              While the  Company is  expending  its best  efforts to achieve the
              above plans,  there is no assurance  that any such  activity  will
              generate funds for operations.

              These  statements  reflect all  adjustments,  consisting of normal
              recurring  adjustments,  which in the  opinion of  management  are
              necessary  for  fair  presentation  of the  information  contained
              therein.  It is suggested that these interim financial  statements
              be read in conjunction  with the audited  financial  statements of
              the  Company  for the year ended  August  31,  2008.  The  interim
              results are not  necessarily  indicative of the operating  results
              expected  for the fiscal year ending on August 31,  2009.  Certain
              information  and  footnote   disclosures   normally   included  in
              financial   statements   prepared  in  accordance  with  generally
              accepted  accounting  principles  have been  condensed  or omitted
              pursuant  to such  rules and  regulations,  although  the  Company
              believes  that the  disclosures  herein are  adequate  to make the
              information presented not misleading.


                                       8


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 2        NEW ACCOUNTING STANDARDS

              RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

              In  September  2006,  the FASB issued  SFAS No.  157,  "Fair Value
              Measurements".  This  Statement  defines  fair  value  as  used in
              numerous  accounting  pronouncements,  establishes a framework for
              measuring fair value in generally accepted  accounting  principles
              and expands  disclosure  related to the use of fair value measures
              in financial  statements.  The  Statement  was  effective  for the
              Company's  financial  statements issued in 2008. The pronouncement
              did  not  have  a  material  impact  on  the  Company's  financial
              statements upon adoption.

              In  February  2007,  the FASB  issued SFAS No. 159 "The Fair Value
              Option for  Financial  Assets  and  Financial  Liabilities".  This
              Statement  establishes  presentation  and disclosure  requirements
              designed to facilitate  comparisons  between companies that choose
              different  measurement  attributes for similar types of assets and
              liabilities.  The Company adopted SFAS 159 effective  September 1,
              2008.  The adoption of SFAS 159 did not have a material  effect on
              the Company's  financial  position,  results of operations or cash
              flows.

              In  March  2008,  the FASB  issued  SFAS  161  "Disclosures  about
              Derivative  Instruments  and Hedging  Activities - an amendment of
              SFAS 133. This Statement  requires  enhanced  disclosures about an
              entity's  derivative and hedging  activities and thereby  improves
              the  transparency  of  financial  reporting.   This  Statement  is
              effective  for  financial  statements  issued for fiscal years and
              interim  periods  beginning  after  November 15, 2008,  with early
              application  encouraged.  This Statement encourages,  but does not
              require,  comparative  disclosures  for earlier periods at initial
              adoption.  The adoption of this  statement did not have a material
              effect on the  Company's  future  reported  financial  position or
              results of operations

              RECENT ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED

              In  December  2007,   the  FASB  issued   Statement  of  Financial
              Accounting Standards No. 141 (revised 2007), BUSINESS COMBINATIONS
              ("SFAS No. 141R"). This standard replaces SFAS 141 and establishes
              principles  and  requirements  for  an  acquirer,  recognizes  and
              measures  in  its  financial  statement  the  identifiable  assets
              acquired and liabilities assumed, any non-controlling  interest in
              the  acquiree,  and the  goodwill  acquired.  This  standard  also
              establishes  disclosure  requirements  which will enable  users to
              evaluate  the  nature  and  financial   effects  of  the  business
              combination.  This standard is effective for financial  statements
              issued for fiscal years  beginning  after  December 15, 2008.  The
              adoption  of SFAS  No.  141R is not  expected  to have a  material
              effect on the Company's financial position,  results of operations
              or cash flows.


                                       9


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 2        NEW ACCOUNTING STANDARDS - (cont'd)

              RECENT ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED - (cont'd)

              In December  2007,  the FASB also issued  Statement  of  Financial
              Accounting  Standards  No.  160,   Non-controlling   Interests  in
              Consolidated  Financial  Statements,  an  amendment  to ARB No. 51
              ("SFAS  No.  160").  This  standard  amends  ARB  51 to  establish
              accounting and reporting standards for a non-controlling  interest
              in a subsidiary  and for  deconsolidation  of a  subsidiary.  This
              standard applies  prospectively to business combinations for which
              the  acquisition  date is on or after the  beginning  of the first
              annual  reporting  period beginning on or after December 15, 2008.
              This standard may not be applied before that date. The adoption of
              SFAS No.  160 is not  expected  to have a  material  effect on the
              Company's financial position, results of operations or cash flows.

              In April 2008,  the FASB issued FSP 142-3,  "Determination  of the
              Useful  Life of  Intangible  Assets."  This FSP amends the factors
              that  should be  considered  in  developing  renewal or  extension
              assumptions  used to  determine  the useful  life of a  recognized
              intangible asset under FASB Statement No. 142, "Goodwill and Other
              Intangible  Assets."  The  intent  of this FSP is to  improve  the
              consistency  between  the useful life of a  recognized  intangible
              asset under  Statement  142 and the period of expected  cash flows
              used to measure the fair value of the asset  under FASB  Statement
              No. 141 (Revised 2007),  "Business  Combinations,"  and other U.S.
              generally  accepted  accounting  principles  (GAAP).  This  FSP is
              effective  for  financial   statements  issued  for  fiscal  years
              beginning  after  December 15, 2008,  and interim  periods  within
              those fiscal years.  Early adoption is prohibited.  The Company is
              in the process of evaluating  the impact,  if any, of FSP 142-3 on
              its financial  statements.  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 May 2008,  FASB issued SFAS No. 162, The Hierarchy of Generally
              Accepted  Accounting  Principles  ("SFAS  162").  This standard is
              intended  to  improve   financial   reporting  by   identifying  a
              consistent  framework,  or  hierarchy,  for  selecting  accounting
              principles to be used in preparing  financial  statements that are
              presented  in  conformity  with  U.S.  GAAP  for  non-governmental
              entities.  SFAS No. 162 is  effective 60 days  following  the U.S.
              Securities  and  Exchange  Commission's  approval  of  the  Public
              Company  Accounting  Oversight Board amendments to AU Section 411,
              the  meaning of "Present  Fairly in  Conformity  with  GAAP".  The
              Company is in the process of  evaluating  the  impact,  if any, of
              SFAS 162 on its financial statements.


                                       10


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 2        NEW ACCOUNTING STANDARDS - (cont'd)

              RECENT ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED - (cont'd)

              In June 2008,  the FASB ratified EITF Issue No. 07-5,  DETERMINING
              WHETHER AN  INSTRUMENT  (OR AN EMBEDDED  FEATURE) IS INDEXED TO AN
              ENTITY'S  OWN STOCK  ("EITF  07-5").  EITF 07-5  provides  that an
              entity  should  use a two step  approach  to  evaluate  whether an
              equity-linked   financial  instrument  (or  embedded  feature)  is
              indexed to its own stock,  including  evaluating the  instrument's
              contingent exercise and settlement  provisions.  It also clarifies
              on the impact of foreign  currency  denominated  strike prices and
              market-based  employee stock option  valuation  instruments on the
              evaluation.  EITF 07-5 is  effective  for fiscal  years  beginning
              after  December  15, 2008.  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 December  2008,  the FASB issued FSP FAS 140-4 and FIN 46(R)-8,
              "Disclosures by Public Entities  (Enterprises)  about Transfers of
              Financial  Assets and  Interests in Variable  Interest  Entitles".
              This disclosure-only FSP improves the transparency of transfers of
              financial  assets and an  enterprise's  involvement  with variable
              interest entities,  including qualifying special-purpose entities.
              This FSP is effective for the first  reporting  period (interim or
              annual) ending after December 15, 2008,  with earlier  application
              encouraged.  The  adoption  of the FSP will not have any impact on
              our results of operations.

Note 3        CAPITAL STOCK

              On May 31, 2004, the Company forward split its common stock on the
              basis of 20.3 new for 1 old.  The  number  of  shares  issued  and
              outstanding,  par value and  additional  paid-in  capital has been
              restated to give  retroactive  effect to the forward  split of its
              common stock.

              PRIVATE PLACEMENTS

              On May 31, 2004, the Company issued  20,007,680  common shares for
              total  proceeds  of $986.  During June 2004,  the  Company  issued
              2,000,000  common shares at $0.01 per share, for total proceeds of
              $20,000.  During June,  July,  and August 2004, the Company issued
              81,000  common  shares at $0.20 per share,  for total  proceeds of
              $16,200.  On July 20, 2006,  the Company issued  1,000,000  common
              shares at $0.20 per share, for total proceeds of $200,000. On July
              27, 2007,  the Company  issued  300,000 common shares at $0.20 per
              share, for total proceeds of $60,000.

              During the year ended  August 31,  2006,  the  Company  reacquired
              2,000,000  common shares from a director of the Company for $2,000
              pursuant to a promissory  note, which was paid prior to August 31,
              2006. The fair value of this transaction was recorded at $0.20 per
              share  and   consequently  the  Company  has  received  a  capital
              contribution of $398,000.


                                       11


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 3        PRIVATE PLACEMENTS - (cont'd)

              In December  2006,  the Company  received an order for  production
              from the British Columbia Securities Commission to provide certain
              information and documents relating to, inter alia, the sale of the
              above noted  1,000,000  common shares at $0.20 per share to verify
              the  availability of the  registration  and prospectus  exemptions
              relied upon by the Company in offering such shares to residents of
              British  Columbia.  To resolve  the matter,  the Company  issued a
              voluntary  rescission offer to rescind any previous  subscriptions
              of these  shares  and  offered a full  refund of the  subscription
              monies. In lieu and in place of these shares,  the Company offered
              an  equivalent  number of shares for sale  pursuant to the updated
              private  placement  dated  June 27,  2007.  Of the  nine  original
              investors included in the 1,000,000 share private placement, three
              of these  investors  accepted  the  rescission  offer at $0.20 per
              share and were  refunded the total amount of their  investment  of
              $60,000 and 300,000  common  shares were  returned to treasury and
              cancelled.  The remaining six  investors  rejected the  rescission
              offer and three new  investors  completed  and paid the  remaining
              portion of the private placement by the payment of $60,000.

Note 4        RELATED PARTY TRANSACTIONS

              Pursuant to a resolution  dated June 1, 2008, the President of the
              Company  is to be paid a  monthly  management  fee of  $2,600  per
              month.  The  amount  may be  adjusted  from  time  to  time at the
              discretion of the Board of Directors.

              During the three month and nine month  periods ended May 31, 2009,
              the  Company  incurred  management  fees  of  $7,800  and  $23,400
              respectively (May 31, 2008: $Nil and $Nil respectively) payable to
              the President of the Company.

              As at May 31, 2009,  accounts payable includes $58,500 (August 31,
              2008: $Nil) due to the director of the Company with respect to the
              unpaid  above  noted  fees and  bonus  and  unpaid  administrative
              reimbursements. The amount is unsecured, non-interest bearing, and
              due on demand.

              The Loans and advances of $25,599  (August 31,  2008:  $1,316) are
              unsecured,  non-interest  bearing  and have no  specific  terms of
              repayment.

Note 5        COMMITMENTS

              Pursuant  to  a  resolution  dated  June  1,  2008,  an  unrelated
              individual  is to be paid  $1,800  per  month  for  administrative
              services.


                                       12


<PAGE>


                              W.S. INDUSTRIES, INC.
                          (A Development Stage Company)
                    NOTES TO THE INTERIM FINANCIAL STATEMENTS
                                  May 31, 2009
                                   (Unaudited)
                             (STATED IN US DOLLARS)


Note 6        NON-CASH TRANSACTIONS

              Investing  and  financing  activities  that do not  have a  direct
              impact on current cash flows are excluded  from the  statements of
              cash flows.  The  following  transactions  were  excluded from the
              statement of cash flows:

              During the three month and nine month periods ended May 31, 2009:

                  The  Company  settled an account  payable of $55,184  with the
                  wine  collection  fair  valued at $52,998 and a wine cooler at
                  its carrying value of $2,186.




















                                       13


<PAGE>


 ITEM 2 | MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS
                                  OF OPERATIONS

THIS SECTION OF THIS 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 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.


FINANCIAL CONDITION

We are a development stage corporation and have realized limited  operations and
generated limited revenues from our business operations.

On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board
("OTCBB") under the symbol "WSID".  For the interim period ended May 31, 2009 we
generated  no  revenues  from  operations  and  have  experienced  losses  since
inception.

As of the  period  ended May 31,  2009 the  Company  has cash on hand of $1,087,
compared to $524 as at August 31, 2008.  During the past nine months the Company
has used its cash to fund operations and to increase its long term investment in
wine from $50,393 in 2008 to $52,998. Thereafter, the Company settled an account
payable of $55,184  with the wine  collection  fair valued at $52,998 and a wine
cooler at its carrying value of $2,186. As of the end of the current period, the
Company does not have  adequate  cash to meets its  obligations  in the upcoming
period. The Company does not anticipate purchasing any further wine inventory in
the  next  twelve  months  to  replace  that  which  has  been  sold.  There  is
considerable  doubt as to whether the Company can  continue in the wine  storage
industry  and we may need to consider an alternate  business  model if we are to
become  profitable.  The Company is open to new  opportunities and is seeking to
broaden its horizons.

At May 31, 2009 the Company estimated that it would require $125,000 to meet its
operating  needs for the current  fiscal year, the Company has not yet satisfied
its need for cash.  The Company will rely on its  President to determine  how to
raise these funds, bearing in mind the best interests of the Company.


RESULTS OF OPERATIONS

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

To  date,  the  Company  has not  recognized  significant  revenue  through  its
operations and has an accumulated  deficit of $433,453 since inception.  We have
no  assurance  that,  if needed,  future  financing  will be  available to us on
acceptable terms. If financing is not available on satisfactory terms, we may be
unable to continue,  develop or expand our  operations.  Equity  financing could
result in additional dilution to existing shareholders.

On July 2, 2008 the Company began trading on the over-the-counter-bulletin-board
("OTCBB")  under the symbol "WSID".  We have no revenues from  operations,  have
experienced losses since inception,  have been issued a going concern opinion by
our auditors and rely upon the sale of our securities to fund operations.

In the nine month period ended May 31, 2009 our net loss was $155,121,  compared
to $56,139 for the nine month period ended May 31, 2008. This difference was due
to an increase in several areas.


                                       14


<PAGE>


RESULTS OF OPERATIONS - CONTINUED

Accounting  and audit fees  increased  for the  period  ended May 31,  2009,  at
$24,502,  these were up  slightly  from  $22,446  in 2008.  The  addition  of an
administrative  assistant during 2008 resulted in administrative  services costs
of $16,200 for May 31, 2009 compared to $nil for 2008. Bank charges and interest
were higher at $9,359 for 2009;  in 2008 bank  charges and  interest  were $793.
This increase is a result of interest charges incurred against unpaid management
fees owed to a non-related  party.  Management fees amounted to $90,900 for this
period in 2009,  and were  $22,500  in 2008.  This  increase  resulted  from the
addition  of an  outside  management  consultant  to assist  with the  increased
workload arising from the Company's public status.  The President of the Company
began charging the Company a management  fee of $2,600 per month  effective June
1, 2008. This monthly payment was approved by resolution.

Legal costs in 2009 were $1,349, compared to $4,316 for the period ended May 31,
2008.  Legal  costs  were  higher  in 2008 as a  result  of the  Company  having
completed  procedures  in June  2008 to take  the  Company  public.  Office  and
miscellaneous  costs  increased  for the period  ended May 31,  2009,  at $1,000
versus $nil in 2008.  This cost was primarily  due to the Company  paying out of
pocket  expenses for telephone  and email  services used by the President in the
course of doing the  Company's  business.  The rent paid by the  Company for the
period  ended May 31,  2009 was $nil,  compared to $2,127 for the same period in
2008.  For the period  ended May 31, 2009 filing fees were higher at $9,905,  as
compared to $3,121 in 2008.


LIQUIDITY AND CAPITAL REQUIREMENTS

To meet our need for cash,  we raised  funds  through our public  offering and a
subsequent private  placement.  As of May 31, 2009, the Company had total assets
of $1,396,  and total  liabilities of $193,375.  As of May 31, 2009, the Company
had cash of $1,087 and negative working capital of $192,288.

Cash used in  operating  activities  for the nine months  ended May 31, 2009 was
$21,115 as compared to cash used in operating  activities for the same period in
2008 of $35,690. The increase in cash used in operating activities was primarily
due to the fact that  operations  for the nine  months  ended  May 31,  2009 was
largely funded by the increase in accounts payable and accrued liabilities.

The Company  has no other  capital  resources  other than the ability to use its
common stock to raise  additional  capital.  The  Company's  current cash is not
sufficient to sustain operations in the next 3 months. Estimated cash needed for
next  12  months  is  $125,000.  The  cash  will  be  mainly  used  for  general
administrative,   corporate  (legal,   accounting  and  audit),   financing  and
management.

No commitments to provide additional funds have been made by management or other
stockholders except as set forth above.  Accordingly,  there can be no assurance
that any additional  funds will be available to the Company to allow it to cover
operation  expenses.  There  are no  assurances  that we will be able to  secure
further funds  required for our  continued  operations.  We will pursue  various
financing   alternatives   to  meet  our  immediate   and  long-term   financial
requirements.  There  can be no  assurance  that  additional  financing  will be
available  to us when  needed  or,  if  available,  that it can be  obtained  on
commercially  reasonable  terms.  If we are not able to  obtain  the  additional
financing  on a timely  basis,  we will be unable to conduct our  operations  as
planned,  and we will not be able to meet our other  obligations  as they become
due.  In such event,  we will be forced to scale down or perhaps  even cease our
operations.


                                       15


<PAGE>


                     ITEM 3 | DISCLOSURES ABOUT MARKET RISK

FOREIGN CURRENCY

In addition to the U.S.  Dollar,  we conduct  business in Canadian  Dollars and,
therefore, are subject to foreign currency exchange risk on cash flows primarily
related to expenses.  Accounting and management fees which make up approximately
three quarters of our expenses are paid in US funds.  Since we primarily operate
in US dollars our exposure to foreign  currency risk should the Canadian  dollar
appreciate  is  limited.  To date we have not engaged in hedging  activities  to
hedge our foreign currency  exposure.  In the future,  we may enter into hedging
instruments  to manage our  foreign  currency  exchange  risk or  continue to be
subject to exchange rate risk.


INFLATION

Although  inflation  has not  materially  impacted our  operations in the recent
past,  increased  inflation  could have a negative  impact on our  operating and
general and administrative expenses, as these costs could increase.


                        ITEM 4 | CONTROLS AND PROCEDURES

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 /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,  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/ 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.


                        ITEM 4T | CONTROLS AND PROCEDURES

An evaluation was performed by management,  of the  effectiveness  of the design
and operation of the Company's  disclosure controls and procedures as defined in
Rules  13a-15(e) or  240.15d-15(e)  of the  Securities  Exchange Act of 1934, as
amended, as of May 31, 2009. Based on that evaluation, management concluded that
the Company's  disclosure controls and procedures are effective.  There has been
no change  in the  internal  control  over  financial  reporting  identified  in
connection  with the evaluation  required by paragraph (d) of  ss.240.13a-15  or
ss.240.15d-15 of the Exchange Act that occurred during the Company's last fiscal
quarter that has  materially  affected,  or is  reasonably  likely to materially
affect, the Company's internal control over financial reporting.


                                       16


<PAGE>


                           PART II | OTHER INFORMATION


                           ITEM 1 | LEGAL PROCEEDINGS


The  Company  is not a party to any  legal  proceeding,  nor are we aware of any
pending or  threatened  legal  proceeding  against us or any officer or director
which  might  be  material  to an  evaluation  of our  management  or  have  any
potentially adverse effect upon the Company.


ABILITY TO CONTINUE IN THE WINE STORAGE INDUSTRY AND AS A GOING CONCERN

During the period ended May 31, 2009,  the Company sold its investment to settle
an account  payable.  There is considerable  doubt as to whether the Company can
continue in the wine storage industry.

At May 31, 2009,  the Company had an  accumulated  deficit of $433,455 and has a
working  capital  deficiency of $192,288 and expects to incur further  losses in
the development of its business,  all of which casts substantial doubt about the
Company's  ability to  continue as a going  concern.  The  Company's  ability to
continue as a going  concern is  dependent  upon its ability to generate  future
profitable  operations  and/or to obtain  the  necessary  financing  to meet its
obligations  and repay its liabilities  arising from normal business  operations
when they come due.  Management  has no  formal  plan in place to  address  this
concern but is considering  obtaining  additional funds by debt financing to the
extent there is a shortfall from operations.  While the Company is expending its
best  efforts to achieve the above plans,  there is no  assurance  that any such
activity will generate funds for operations.


                             ITEM 1A | RISK FACTORS

The business of the Company  involves a number of risks and  uncertainties  that
could cause actual results to differ  materially  from results  projected in any
forward-looking  statement, or statements,  made in this report. These risks and
uncertainties  include,  but are not necessarily  limited to the risks set forth
below. The Company's  securities are speculative and investment in the Company's
securities  involves a high degree of risk and the possibility that the investor
will suffer the loss of the entire amount invested.


LIMITED OPERATING HISTORY | NEED FOR ADDITIONAL CAPITAL

There  is  limited  historical  financial   information  about  us.  We  are  in
development  stage  operations and have generated  limited  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.

We have no assurance that, if needed,  future  financing will be available to us
on acceptable  terms. No commitments to provide  additional funds have been made
by management or other stockholders  particularly at this time given the current
economic and credit  environment.  If financing is not available on satisfactory
terms, we may be unable to continue,  develop or expand our  operations.  Equity
financing could result in additional dilution to existing shareholders


LIMITED FINANCIAL RESOURCES

We have limited financial resources or assurance that sufficient funding will be
available to it for future operations. If future operations are unprofitable, we
may be forced to develop  another  line of  business,  or to finance  operations
through  the sale of  assets,  or enter  into the sale of stock  for  additional
capital,  none of which may be feasible when needed. The Company has no specific
management  ability or financial  resources or plans to enter any other business
as of this date.


                                       17


<PAGE>


LIMITED PUBLIC MARKET, POSSIBLE VOLATILITY OF SHARE PRICE

The Company's  Common Stock is currently  quoted on the NASD OTC Bulletin  Board
under the ticker symbol WSID. As of May 31, 2009,  there were 21,088,680  shares
of common stock  outstanding.  There can be no assurance  that a trading  market
will be sustained in the future.


DEPENDENCE ON EXECUTIVE OFFICERS

The success of our business plan depends on the  management of our sole director
and officer.  Mr. Dempsey is responsible  for our managerial and  organizational
structure which will include  preparation of disclosure and accounting  controls
under the Sarbanes Oxley Act of 2002. Should he not have sufficient  experience,
he may be incapable of creating and implementing the controls which may cause us
to be subject to sanctions and fines by the SEC which ultimately could cause you
to lose your investment.


DILUTION TO THE EXISTING SHAREHOLDERS

The Company  has no other  capital  resources  other than the ability to use its
common stock to raise  additional  capital.  The issuance of  additional  equity
securities by us could result in a significant  dilution in the equity interests
of our current stockholders.


COMPETITIVE BUSINESS CONDITIONS

We will compete with wine storage and other storage-related  companies that have
superior  wine-related and storage experience and/or services which they now, or
may, in the future, offer to their potential or existing customers. There can be
no assurance we will be able to compete  effectively in this highly  competitive
industry,  which could have a material adverse impact upon market acceptance and
the anticipated success of our business.


OUR COMPETITIVE POSITION

We  believe   competition  takes  place  on  many  levels,   including  pricing,
convenience  in obtaining  information,  specialization,  and nature of services
offered.  We intend to serve as a content  aggregator  for wine storage  related
information  on the  Internet.  We will seek to  provide  what we  believe is an
unbiased comprehensive  information source, through our website,  positioning us
as a marketplace and facilitator for wine storage-related information.

Within the industry, we will attempt to brand our website WWW.YOURWINEWIZARD.COM
as the  consumer's  partner  in his or her  search  for the most  reliable  wine
storage service and wine storage information source.


RELIANCE ON THIRD PARTY PROVIDERS

We expect our operations  will depend on a number of third parties over which we
will  have  limited  or no  control.  Specifically,  we do not  own an  Internet
gateway,  but  instead,  we rely on a  third-party,  independent  and  unrelated
Internet  Service  Provider  to host our  website.  Accordingly,  continuous  or
prolonged  interruptions in our website connection or in our  telecommunications
access may have an adverse  effect upon  consumer  perception  of our ability to
provide information and/or services in a timely and efficient manner.


INTERNET SECURITY

A party who is able to circumvent  our security  measures  could  misappropriate
proprietary  information  and/or access our customers' wine storage  information
and data. We may be required to expend  significant  capital and other resources
to  protect  against  security  breaches  or to  alleviate  problems  caused  by
breaches. Concerns over the security of Internet transactions and the privacy of
users may also inhibit the growth of the World Wide Web especially as a means of
conducting commercial transactions. To the extent that our future activities, or
those of  third-party  contractors  whom we may use,  involve  the  storage  and
transmission   of   proprietary   information,   such  as  a   customer's   wine
storage-related  information and data and credit card numbers, security breaches
could expose us to a risk of loss or litigation.  There can be no assurance that
we will be able to  implement  security  measures  that  will  prevent  security
breaches.  During the period ended May 31, 2009, the Company sold its investment
to settle an accounts payable.


                                       18


<PAGE>


INVESTMENT

The  investment is comprised of wine  purchased for  appreciation  and long term
resale.  The  wine is  valued  at the  lower of cost  and  fair  value.  Cost is
determined using the average cost method. The Company estimates fair value based
on reports published on the internet.


      ITEM 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None


                    ITEM 3 | DEFAULTS UPON SENIOR SECURITIES

None


          ITEM 4 | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None


                           ITEM 5 | OTHER INFORMATION

None


                    ITEM 6 | EXHIBITS AND REPORTS ON FORM 8-K

There were no reports on Form 8-K filed during the quarter for which this report
is filed. The following exhibits are filed with this report:

     31.1 Certification of Chief Executive Officer
     31.2 Certification of Chief Financial Officer
     32.1 Section 906 Certification
     32.2 Section 906 Certification


                                       19


<PAGE>


                               ITEM 7 | SIGNATURES

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


Date:  July 10, 2009

                                       W. S. INDUSTRIES, INC.



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























                                       20