| Delaware                          | 16–1779004                        |
|-----------------------------------|-----------------------------------------|
| (State or other jurisdiction      | (I.R.S. Employer Identification Number) |
| of incorporation or organization) |                                    |

| Large accelerated filer |  ̈ | Accelerated filer         |  ̈ |
|-------------------------|--------|---------------------------|--------|
| Non-accelerated filer   |  ̈ | Smaller reporting company | x.     |

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|                                  |                                                                                                                                                                                   | Page   |
|---------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART I – FINANCIAL INFORMATION: |                                                                                                                                                                                   |   |
|                                  |                                                                                                                                                                                   |   |   |
| Item 1.                               | Financial Statements:                                                                                                                                                                  |   | 1 |
|                                  |                                                                                                                                                                                   |   |   |
|                                  | Balance Sheets as of March 31, 2011 (Unaudited) and September 30, 2010                                                                                                                 |   | 2 |
|                                  |                                                                                                                                                                                   |   |   |
|                                  | Statements of Operations (Unaudited) for the Three and Six Months Ended March 31, 2011 and March 31, 2010 and the Cumulative Period from October 6, 2006 (Inception) to March 31, 2011 |   | 3 |
|                                  |                                                                                                                                                                                   |   |   |
|                                  | Statement of Changes in Stockholders’ Equity (Deficit) for the Period from October 6, 2006 (Inception) to March 31, 2011                                                         |   | 4 |
|                                  |                                                                                                                                                                                   |   |   |
|                                  | Statements of Cash Flows (Unaudited) for the Six Months Ended March 31, 2011 and March 31, 2010 and the Cumulative Period from October 6, 2006 (Inception) to March 31, 2011           |   | 5 |
|                                  |                                                                                                                                                                                   |   |   |
|                                  | Notes to Financial Statements                                                                                                                                                          |   | 6 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 2.                               | Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                            |   | 11 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 3.                               | Quantitative and Qualitative Disclosures About Market Risk                                                                                                                             |   | 14 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 4.                               | Controls and Procedures                                                                                                                                                                |   | 14 |
|                                  |                                                                                                                                                                                   |   |   |
| PART II – OTHER INFORMATION:    |                                                                                                                                                                                   |   |
|                                  |                                                                                                                                                                                   |   |   |
| Item 1.                               | Legal Proceedings                                                                                                                                                                      |   | 14 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 1A.                              | Risk Factors                                                                                                                                                                           |   | 14 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 2.                               | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                            |   | 14 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 3.                               | Defaults Upon Senior Securities                                                                                                                                                        |   | 15 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 4.                               | Removed and Reserved                                                                                                                                                                   |   | 15 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 5.                               | Other Information                                                                                                                                                                      |   | 15 |
|                                  |                                                                                                                                                                                   |   |   |
| Item 6.                               | Exhibits                                                                                                                                                                               |   | 15 |
|                                  |                                                                                                                                                                                   |   |   |
| Signatures                            |                                                                                                                                                                                   | 16     |

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|                                                                                                 |   | March 31, |    |   | September 30, |   |
|------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|--------------------|--------|
|                                                                                                 |   | 2011           |    |   | 2010               |   |
|                                                                                                 |   | (Unaudited)    |    |   |               |   |
| Assets                                                                                               |   |           |    |   |               |   |
| Current Assets                                                                                       |   |           |    |   |               |   |
| Cash                                                                                                 |   | $              | 3,700   |   |               | $      | 5,574 |   |
|                                                                                                 |   |           |    |   |               |   |   |   |
| Total Assets                                                                                         |   | $              | 3,700   |   |               | $      | 5,574 |   |
|                                                                                                 |   |           |    |   |               |   |   |   |
| Liabilities and Stockholders' Equity                                                                 |   |           |    |   |               |   |   |   |
| Current Liabilities                                                                                  |   |           |    |   |               |   |   |   |
| Accounts Payable                                                                                     |   | $              | 750     |   |               | $      | 5,000 |   |
|                                                                                                 |   |           |    |   |               |   |   |   |
| Total Liabilities                                                                                    |   |           | 750     |   |               |   | 5,000 |   |
|                                                                                                 |   |           |    |   |               |   |   |   |
| Stockholders' Equity                                                                                 |   |           |    |   |               |   |   |   |
| Common Stock, 100,000,000 shares authorized 5,685,000 shares issued and outstanding @.0001 par value |   |           | 568     |   |               |   | 568 |   |
| Preferred Stock, 10,000,000 shares authorized, no shares issued and outstanding @ .0001 par value    |   |           | -       |   |               |   | - |   |
| Additional Paid in Capital                                                                           |   |           | 99,055  |   |               |   | 84,055 |   |
| Deficit Accumulated During Development Stage                                                         |   |           | (96,673 | )      |               |   | (84,049 | ) |
|                                                                                                 |   |           |    |   |               |   |   |   |
| Total Stockholders' Equity                                                                           |   |           | 2,950   |   |               |   | 574 |   |
|                                                                                                 |   |           |    |   |               |   |   |   |
| Total Liabilities and Stockholders' Equity                                                           |   | $              | 3,700   |   |               | $      | 5,574 |   |

----

|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   | October 6, 2006    |      |
|-------------------------------------|--------|------------------------------------------------|-----------|--------|--------------------------------------------------|--------|-----------|----------|--------|--------|-----------|--------|--------|------------------------------|-----------|
|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   | (date of inception |      |
|                                |   | Six months ended March 31, |      |   | Three months ended March 31, |   |      | through) |   |
|                                |   | 2011                                           |      |   | 2010                                             |   |      | 2011     |   |   | 2010      |   |   | March 31, 2011     |      |
|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   |                         |      |
| Revenues                            |   | $                                              | -         |   |                                             | $      | -         |     |   | $      | -         |   |   | $                            | -         |   |   | $ | - |   |
|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   |                         |      |   |   |   |   |   |
| Expenditures                        |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   |                         |      |   |   |   |   |   |
| General and administrative expenses |   |                                           | 12,624    |   |                                             |   | 4,797     |     |   |   | 4,854     |   |   |                         | 1,297     |   |   |   | 96,673 |   |
|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   |                         |      |   |   |   |   |   |
| Net loss                            |   | $                                              | (12,624   | )      |                                             | $      | (4,797    | )        |   | $      | (4,854    | )      |   | $                            | (1,297    | ) |   | $ | (96,673 | ) |
|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   |                         |      |   |   |   |   |   |
| Loss per share                      |   | $                                              | (0.002    | )      |                                             | $      | (0.001    | )        |   | $      | (0.001    | )      |   | $                            | (0.000    | ) |   |   |   |   |
|                                |   |                                           |      |   |                                             |   |      |     |   |   |      |   |   |                         |      |   |   |   |   |   |
| Weighted average shares outstanding |   |                                           | 5,685,000 |   |                                             |   | 5,685,000 |     |   |   | 5,685,000 |   |   |                         | 5,685,000 |   |   |   |   |   |

----

|                                                    |   |   |      |   |   |   |   |       |   |   | Deficit     |   |   |   |    |
|---------------------------------------------------------|--------|--------|-----------|--------|--------|--------|--------|------------|--------|--------|-------------|--------|--------|--------|---------|
|                                                    |   |   |      |   |   |   |   |       |   |   | Accumulated |   |   |   |    |
|                                                    |   | Common |      |   |   |   |   | Additional |   |   | During      |   |   |   |    |
|                                                    |   | Shares |      |   | Common |   |   | Paid-In    |   |   | Development |   |   |   |    |
|                                                    |   | Issued |      |   | Stock  |   |   | Capital    |   |   | Stage       |   |   | Total  |    |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |
| Issuance of founders shares for cash on October 6, 2006 |   |   | 5,000,000 |   |   | $      | 500    |       |   | $      | 24,000      |   |   | $      | -       |   |   | $ | 24,500 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Capital Contribution                                    |   |   | -         |   |   |   | -      |       |   |   | 11,250      |   |   |   | -       |   |   |   | 11,250 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Loss for the period                                     |   |   | -         |   |   |   | -      |       |   |   | -           |   |   |   | (26,823 | ) |   |   | (26,823 | ) |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance September 30, 2007                              |   |   | 5,000,000 |   |   | $      | 500    |       |   | $      | 35,250      |   |   | $      | (26,823 | ) |   | $ | 8,927 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Issuance of shares for services                         |   |   | 285,000   |   |   |   | 28     |       |   |   | (28         | )      |   |   | -       |   |   |   | - |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Issuance of Shares for Cash                             |   |   | 400,000   |   |   |   | 40     |       |   |   | 7,960       |   |   |   | -       |   |   |   | 8,000 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Capital Contribution                                    |   |   | -         |   |   |   | -      |       |   |   | 14,373      |   |   |   | -       |   |   |   | 14,373 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Net Loss for the Year                                   |   |   | -         |   |   |   | -      |       |   |   | -           |   |   |   | (25,928 | ) |   |   | (25,928 | ) |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance September 30, 2008                              |   |   | 5,685,000 |   |   | $      | 568    |       |   | $      | 57,555      |   |   | $      | (52,751 | ) |   | $ | 5,372 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Capital Contribution                                    |   |   | -         |   |   |   | -      |       |   |   | 21,500      |   |   |   | -       |   |   |   | 21,500 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Net Loss for the Year                                   |   |   | -         |   |   |   | -      |       |   |   | -           |   |   |   | (19,253 | ) |   |   | (19,253 | ) |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance September 30, 2009                              |   |   | 5,685,000 |   |   | $      | 568    |       |   | $      | 79,055      |   |   | $      | (72,004 | ) |   | $ | 7,619 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Capital Contribution                                    |   |   | -         |   |   |   | -      |       |   |   | 5,000       |   |   |   | -       |   |   |   | 5,000 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Net Loss for the Year                                   |   |   | -         |   |   |   | -      |       |   |   | -           |   |   |   | (12,045 | ) |   |   | (12,045 | ) |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance September 30, 2010                              |   |   | 5,685,000 |   |   | $      | 568    |       |   | $      | 84,055      |   |   | $      | (84,049 | ) |   | $ | 574 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Capital Contribution                                    |   |   | -         |   |   |   | -      |       |   |   | 15,000      |   |   |   | -       |   |   |   | 15,000 |   |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Net Loss for the Period                                 |   |   | -         |   |   |   | -      |       |   |   | -           |   |   |   | (12,624 | ) |   |   | (12,624 | ) |
|                                                    |   |   |      |   |   |   |   |       |   |   |        |   |   |   |    |   |   |   |   |   |
| Balance March 31, 2011 (UNAUDITED)                      |   |   | 5,685,000 |   |   | $      | 568    |       |   | $      | 99,055      |   |   | $      | (96,673 | ) |   | $ | 2,950 |   |

----

|                                                                        |   |                                           |    |   |                         |   |   | October 6, 2006 |   |
|-----------------------------------------------------------------------------|--------|------------------------------------------------|---------|--------|------------------------------|--------|--------|---------------------------|--------|
|                                                                        |   | Six months ended March 31, |    |   | (date of inception |   |
|                                                                        |   |                                           |    |   |                         |   |   | through)                  |   |
|                                                                        |   | 2011                                           |    |   | 2010                         |   |   | March 31, 2011  |   |
| Cash Flows from Operating Activities                                        |   |                                           |    |   |                         |   |   |                      |   |
| Net Loss                                                                    |   | $                                              | (12,624 | )      |                         | $      | (4,797 | )                         |   | $ | (96,673 | ) |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Changes in operating assets and liabilities:                                |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Accounts Payable                                                            |   |                                           | (4,250  | )      |                         |   | -      |                      |   |   | 750 |   |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Cash flows used for operating activities                                    |   |                                           | (16,874 | )      |                         |   | (4,797 | )                         |   |   | (95,923 | ) |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Cash Flows from Financing Activities                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Sale of Common Stock and Contribution of Capital                            |   |                                           | 15,000  |   |                         |   | -      |                      |   |   | 99,623 |   |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Cash flows from financing activities                                        |   |                                           | 15,000  |   |                         |   | -      |                      |   |   | 99,623 |   |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Net Increase (Decrease) in Cash                                             |   |                                           | (1,874  | )      |                         |   | (4,797 | )                         |   |   | 3,700 |   |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Cash at the beginning                                                       |   |                                           | 5,574   |   |                         |   | 7,619  |                      |   |   | - |   |
|                                                                        |   |                                           |    |   |                         |   |   |                      |   |   |   |   |
| Cash at the end                                                             |   | $                                              | 3,700   |   |                         | $      | 2,822  |                      |   | $ | 3,700 |   |

----

----

----

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|                             |   | At March 31,2011 |    |
|----------------------------------|--------|----------------------------|---------|
| Deferred Tax Assets              |   |                       |    |
|                             |   |                       |    |
| Net operating loss carryforwards |   | $                          | 96,673  |   |
|                             |   |                       |    |   |
| Gross deferred tax assets        |   |                       | 33,835  |   |
| Less-Valuation allowance         |   |                       | (33,835 | ) |
|                             |   |                       |    |   |
| Net deferred tax assets          |   | $                          | -       |   |

----

----

|   | (i) | filing Exchange Act reports, and |
|--------|-----|----------------------------------|

|   | (ii) | investigating, analyzing and consummating an acquisition. |
|--------|------|-----------------------------------------------------------|

----

|                                                 |   | Six Months EndedMarch 31, 2011 |    |   | Six Months EndedMarch 31, 2010 |   |   | For the CumulativePeriod fromOctober 6, 2006(Inception) toMarch 31, 2011 |   |
|------------------------------------------------------|--------|----------------------------------------------------|---------|--------|----------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------------------------|--------|
| Net Cash (Used in) Operating Activities              |   | $                                                  | (16,874 | )      |                                               | $      | (4,797 | )                                                                                                                |   | $ | (95,923 | ) |
| Net Cash (Used in) Investing Activities              |   |                                               | -       |   |                                               |   | -      |                                                                                                             |   |   | - |   |
| Net Cash Provided by Financing Activities            |   | $                                                  | 15,000  |   |                                               |   | -      |                                                                                                             |   | $ | 99,623 |   |
| Net Increase (Decrease) in Cash and Cash Equivalents |   | $                                                  | (1,874  | )      |                                               | $      | (4,797 | )                                                                                                                |   | $ | 3,700 |   |

----

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| Exhibit |   | Description                                                                                                                                                                                                                            |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                   |
| *3.1    |   | Certificate of Incorporation, as filed with the Delaware Secretary of State on October 6, 2006.                                                                                                                                        |
|    |   |                                                                                                                                                                                                                                   |
| *3.2    |   | By-Laws.                                                                                                                                                                                                                               |
|    |   |                                                                                                                                                                                                                                   |
| 31.1    |   | Certification of the Company’s Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. |
|    |   |                                                                                                                                                                                                                                   |
| 31.2    |   | Certification of the Company’s Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. |
|    |   |                                                                                                                                                                                                                                   |
| 32.1    |   | Certification of the Company’s Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                             |
|    |   |                                                                                                                                                                                                                                   |
| 32.2    |   | Certification of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                             |

| * | Filed as an exhibit to the Company's Registration Statement on Form 10-SB, as filed with the SEC on July 20, 2007, and incorporated herein by this reference. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Dated: May 11, 2011 | VISION ACQUISITION III, INC. |
|---------------------|------------------------------|
|                |                         |   |
|                | By:                          | /s/ Antti William Uusiheimala |
|                |                         | Antti William Uusiheimala |
|                |                         | President, Director |
|                |                         | Principal Executive Officer |
|                |                         |   |
|                | By:                          | /s/ David Berger |
|                |                         | David Berger |
|                |                         | Chief Financial Officer |
|                |                         | Principal Financial Officer |

----