|  For                  Quarter Ended: May                  31,                  2007  |   |  Commission                  File Number 333-139933 |
|------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
|                                                                                           |   |                                                     |

|  COLORADO                                                                                     |   |  47-0883144                                                                                           |
|----------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------|
| (State                  or other jurisdiction incorporation                  or organization) |   |       (I.R.S.                  Employer Identification                  No.) |
|                                                                                               |   |                                                                                                       |

|  16200                  WCR                  18E, Loveland, Colorado              |   | 80537                             |
|----------------------------------------------------------------------------------------|--------|-----------------------------------|
|  (Address                  of principal executive                  offices)  |   |  (Zip                  code) |

|   |   |
|--------|--------|

----

|                       |                                                                                                                 | Page   |
|----------------------------|----------------------------------------------------------------------------------------------------------------------|--------|
|                       |                                                                                                                 |   |
| Part                    I  |                                                                                                                 |
|                       | Item                    1.  Financial Statements                                                           | 3      |
|                       | Item                    2.  Management's Discussion and Analysis or Plan of                    Operation   | 9      |
|                       | Item                    3.  Controls and Procedures                                                        | 16     |
|                       |                                                                                                                 |   |
| Part                    II |                                                                                                                 |
|                       | Item                    1.  Legal Proceedings                                                              | 16     |
|                       | Item                    2.  Unregistered Sales of Equity Securities and Use of                    Proceeds | 16     |
|                       | Item                    3.  Defaults Upon Senior Securities                                                | 16     |
|                       | Item                    4.  Submission of Matters to a Vote of Security                    Holders         | 16     |
|                       | Item                    5.  Other Information                                                              | 17     |
|                       | Item                    6.  Exhibits                                                                       | 17     |
|                       |                                                                                                                 |   |
| Signatures                 | 17                                                                                                                   |

----

|                                                                             |   | May                    31, |     |
|----------------------------------------------------------------------------------|--------|----------------------------|----------|
|                                                                             |   | 2007                       |     |
| Assets                                                                           |   |                       |     |
|                                                                             |   |                       |     |
| Current                    Assets:                                               |   |                       |     |
| Cash                                                                             |   | $                          | 29,468   |   |
| Prepaid                    expense                                               |   |                       | 250      |   |
|                                                                             |   |                       |     |   |
| Total                    current assets                                          |   |                       | 29,718   |   |
|                                                                             |   |                       |     |   |
| Property                    and equipment, net                                   |   |                       | 37,920   |   |
|                                                                             |   |                       |     |   |
| Total                    assets                                                  |   | $                          | 67,638   |   |
|                                                                             |   |                       |     |   |
|                                                                             |   |                       |     |   |
| Liabilities                    and Shareholders’                    Equity |   |                       |     |   |
| Current                    liabilities:                                          |   |                       |     |   |
| Accrued                    interest payable                                      |   | $                          | 4,210    |   |
| Loans                    payable to related party                                |   |                       | 34,400   |   |
|                                                                             |   |                       |     |   |
| Total                    current liabilities                                     |   |                       | 38,610   |   |
|                                                                             |   |                       |     |   |
| Shareholders’                    equity:                                   |   |                       |     |   |
| Common                    stock, no par value; 20,000,000 shares authorized,     |   |                       |     |   |
| 3,150,000                    shares issued and outstanding                       |   |                       | 145,500  |   |
| Additional                    paid-in capital                                    |   |                       | 9,915    |   |
| Accumulated                    other comprehensive gain                          |   |                       | 482      |   |
| Accumulated                    deficit                                           |   |                       | (500     | ) |
| Deficit                    accumulated during development stage                  |   |                       | (126,369 | ) |
| Total                    shareholder’s equity                              |   |                       | 29,028   |   |
|                                                                             |   |                       |     |   |
| Total                    liabilities and shareholder’s equity              |   | $                          | 67,638   |   |

----

|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   | March                    1, |      |
|-------------------------------------------------------|--------|------------------------------------------------------------------|-----------|--------|-----------------------------------------------------------------|--------|-----------|----------------------------|--------|--------|-----------|--------|--------|-----------------------------|-----------|
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   | 2005                        |      |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   | (Inception)                 |      |
|                                                  |   | For                    the Three Months                    Ended |      |   | For                    the Nine Months                    Ended |   |      | Through                    |   |
|                                                  |   | May                    31,                                       |      |   | May                    31,                                      |   |      | May                    31, |   |
|                                                  |   | 2007                                                             |      |   | 2006                                                            |   |      | 2007                       |   |   | 2006      |   |   | 2007                        |      |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |
| Revenue                                               |   | $                                                                | —   |   |                                                            | $      | —   |                       |   | $      | —   |   |   | $                           | —   |   |   | $ | — |   |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Operating                    expenses:                |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Professional                    fees                  |   |                                                             | 5,429     |   |                                                            |   | —   |                       |   |   | 14,916    |   |   |                        | 1,554     |   |   |   | 19,470 |   |
| Contributed                    rent, related party    |   |                                                             | 300       |   |                                                            |   | 300       |                       |   |   | 900       |   |   |                        | —   |   |   |   | 2,100 |   |
| General                    and administrative         |   |                                                             | 8,011     |   |                                                            |   | 1,605     |                       |   |   | 19,887    |   |   |                        | 61,507    |   |   |   | 100,590 |   |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Total                    operating expenses           |   |                                                             | 13,740    |   |                                                            |   | 1,905     |                       |   |   | 35,703    |   |   |                        | 63,061    |   |   |   | 122,160 |   |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Loss                    from operations               |   |                                                             | (13,740   | )      |                                                            |   | (1,905    | )                          |   |   | (35,703   | )      |   |                        | (63,061   | ) |   |   | (122,160 | ) |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Other                    Income (Expense)             |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Interest                    expense                   |   |                                                             | (516      | )      |                                                            |   | —   |                       |   |   | (1,548    | )      |   |                        | —   |   |   |   | (4,209 | ) |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Total                    operating expenses           |   |                                                             | (516      | )      |                                                            |   | —   |                       |   |   | (1,548    | )      |   |                        | —   |   |   |   | (4,209 | ) |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Net                    loss                           |   |                                                             | (14,256   | )      |                                                            |   | (1,905    | )                          |   |   | (37,251   | )      |   |                        | (63,061   | ) |   |   | (126,369 | ) |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Other                    Comprehensive Income (Loss)  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Gain                    on foreign currency exchange  |   |                                                             | 482       |   |                                                            |   | —   |                       |   |   | 482       |   |   |                        | —   |   |   |   | 482 |   |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Total                    Comprehensive Loss           |   | $                                                                | (13,774   | )      |                                                            | $      | (1,905    | )                          |   | $      | (36,769   | )      |   | $                           | (63,061   | ) |   | $ | (125,887 | ) |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Basic                    and diluted loss per share   |   | $                                                                | (0.00     | )      |                                                            | $      | (0.00     | )                          |   | $      | (0.01     | )      |   | $                           | (0.02     | ) |   |   |   |   |
|                                                  |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| Basic                    and diluted weighted average |   |                                                             |      |   |                                                            |   |      |                       |   |   |      |   |   |                        |      |   |   |   |   |   |
| common                    shares outstanding          |   |                                                             | 3,150,000 |   |                                                            |   | 3,150,000 |                       |   |   | 3,150,000 |   |   |                        | 3,150,000 |   |   |   |   |   |

----

```
ROSEWIND CORPORATION(A Development Stage Company)Statements of Changes in Shareholders' Equity
```

|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   | Deficit     |   |
|-------------------------------------------------------------------------|--------|-----------------------------------|-----------|--------|---------|--------|---------|---------------|--------|--------|---------------|--------|--------|-------------|---------------|--------|-------------|--------|
|                                                                    |   |                              |      |   |    |   |    |          |   |   | Accumulated   |   |   |        |          |   | Accumulated |   |
|                                                                    |   |                              |      |   |    |   |    | Additional    |   |   | Other         |   |   |        |          |   | During      |   |
|                                                                    |   | Common                      Stock |      |   | Paid-in |   |    | Comprehensive |   |   | Accumulated   |   |   | Development |          |
|                                                                    |   | Shares                            |      |   | Amount  |   |    | Capital       |   |   | Loss          |   |   | Deficit     |          |   | Stage       |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |
| Balance                      at March 1, 2005 (inception)               |   |                              | 100,000   |   |    | $      | 500     |          |   | $      | 100           |   |   | $           | —       |   |        | $      | (500 | ) |   | $ | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Common                      stock issued in exchange for a              |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Sailing                      vessel at $0.034 per share                 |   |                              | 1,150,000 |   |    |   | 39,000  |          |   |   | —       |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Net                      loss, period ended August 31, 2005             |   |                              | —   |   |    |   | — |          |   |   | —       |   |   |        | —       |   |        |   | — |   |   |   | (18,677 | ) |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Balance                      at October 31, 2006                        |   |                              | 1,250,000 |   |    |   | 39,500  |          |   |   | 100           |   |   |        | —       |   |        |   | (500 | ) |   |   | (18,677 | ) |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Common                      stock issued for services                   |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| at                      $0.04 per share                                 |   |                              | 700,000   |   |    |   | 28,000  |          |   |   | —       |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Common                      stock issued for services to a              |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| related                      party at $0.04 per share                   |   |                              | 700,000   |   |    |   | 28,000  |          |   |   | —       |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Common                      stock issued for cash                       |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| at                      $0.10 per share                                 |   |                              | 500,000   |   |    |   | 50,000  |          |   |   | —       |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Contributed                      capital                                |   |                              | —   |   |    |   | — |          |   |   | 1,965         |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Net                      loss, year ended August 31, 2006               |   |                              | —   |   |    |   | — |          |   |   | —       |   |   |        | —       |   |        |   | — |   |   |   | (70,441 | ) |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Balance                      at August 31, 2006                         |   |                              | 3,150,000 |   |    |   | 145,500 |          |   |   | 2,065         |   |   |        | —       |   |        |   | (500 | ) |   |   | (89,118 | ) |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Contributed                      capital (unaudited)                    |   |                              | —   |   |    |   | — |          |   |   | 50            |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Office                      space contributed by an officer             |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| (unaudited)                                                             |   |                              | —   |   |    |   | — |          |   |   | 900           |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Services                      contributed by an officer                 |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| (unaudited)                                                             |   |                              | —   |   |    |   | — |          |   |   | 6,900         |   |   |        | —       |   |        |   | — |   |   |   | — |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Foreign                    Currency Exchange Gain (unaudited)           |   |                              |      |   |    |   |    |          |   |   | —  |   |   |        | 482      |   |        |   | —  |   |   |   | —  |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Net                    loss, nine months ended May 31, 2007 (unaudited) |   |                              |      |   |    |   |    |          |   |   | —  |   |   |        | —  |   |        |   | —  |   |   |   | (37,251  | ) |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
|                                                                    |   |                              |      |   |    |   |    |          |   |   |          |   |   |        |          |   |        |   |   |   |   |   |   |   |
| Balance                      at May 31, 2007 (unaudited)                |   |                              | 3,150,000 |   |    | $      | 145,500 |          |   | $      | 9,915         |   |   | $           | 482           |   |        | $      | (500 | ) |   | $ | (126,369 | ) |

----

```
ROSEWIND CORPORATION(A Development Stage Company)Statements of Cash Flows(Unaudited)
```

|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          | March                      1, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|---------------|--------|------------------------------|--------|---------------|-------------------------------|--------|
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          | 2005                          |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          | (Inception)                   |   |
|                                                                                                                                                                                    |   | For                      The Nine Months                      Ended |          |   | Through                      |   |
|                                                                                                                                                                                    |   | May                      31,                                        |          |   | May                      31, |   |
|                                                                                                                                                                                    |   | 2007                                                                |          |   | 2006                         |   |          | 2007                          |   |
| Cash                      flows from operating activities:                                                                                                                              |   |                                                                |          |   |                         |   |          |                          |   |
| Net                      loss                                                                                                                                                           |   | $                                                                   | (37,251       | )      |                         | $      | (63,061       | )                             |   | $ | (126,369 | ) |
| Adjustments                      to reconcile net loss to net cash                                                                                                                      |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| used                      by operating activities:                                                                                                                                      |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Depreciation                      expense                                                                                                                                               |   |                                                                | 4,815         |   |                         |   | 2,740         |                          |   |   | 13,908 |   |
| Contributed                      capital                                                                                                                                                |   |                                                                | 7,850         |   |                         |   | 346           |                          |   |   | 9,815 |   |
| Common                      stock issued for services                                                                                                                                   |   |                                                                | —       |   |                         |   | 56,000        |                          |   |   | 56,000 |   |
| Foreign                      Currency exchange gain                                                                                                                                     |   |                                                                | 482           |   |                         |   |          |                          |   |   | 482 |   |
| Changes                      in operating assets and liabilities:                                                                                                                       |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Increase                      (decrease) in prepaid rent                                                                                                                                |   |                                                                | 750           |   |                         |   | —       |                          |   |   | (250 | ) |
| Increase                      (decrease) in accounts payable                                                                                                                            |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| and                      accrued liabilities                                                                                                                                            |   |                                                                | 1,548         |   |                         |   | (2,579        | )                             |   |   | 4,210 |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Net                        cash used in operating activities                                                                                                                            |   |                                                                | (21,806       | )      |                         |   | (6,554        | )                             |   |   | (42,204 | ) |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Cash                      flows from investing activities:                                                                                                                              |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Cash                      paid for fixed assets                                                                                                                                         |   |                                                                | —       |   |                         |   | —       |                          |   |   | (12,828 | ) |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
|                                          Net cash used in investing activities |   |                                                                | —  |   |                         |   | —  |                          |   |   | (12,828  | ) |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Cash                      flows from financing activities:                                                                                                                              |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Common                      stock issued for cash                                                                                                                                       |   |                                                                | —       |   |                         |   | 50,000        |                          |   |   | 50,000 |   |
| Proceeds                      from related party loans                                                                                                                                  |   |                                                                | 2,400         |   |                         |   | 2,000         |                          |   |   | 34,400 |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Net                        cash provided by financing activities                                                                                                                        |   |                                                                | 2,400         |   |                         |   | 52,000        |                          |   |   | 84,400 |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Net                      change in cash                                                                                                                                                 |   |                                                                | (19,406       | )      |                         |   | 45,446        |                          |   |   | 29,368 |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Cash,                      beginning of period                                                                                                                                          |   |                                                                | 48,874        |   |                         |   | 3,428         |                          |   |   | 100 |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Cash,                      end of period                                                                                                                                                |   | $                                                                   | 29,468        |   |                         | $      | 48,874        |                          |   | $ | 29,468 |   |
|                                                                                                                                                                                    |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Supplemental                      disclosure of cash flow information:                                                                                                                  |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Cash                      paid during the period for:                                                                                                                                   |   |                                                                |          |   |                         |   |          |                          |   |   |   |   |
| Income                      taxes                                                                                                                                                       |   | $                                                                   | —       |   |                         | $      | —       |                          |   | $ | — |   |
| Interest                                                                                                                                                                                |   | $                                                                   | —       |   |                         | $      | —       |                          |   | $ | — |   |

----

----

----

----

| ·   | Marine                    Environment and Safety at Sea |
|--------------------|---------------------------------------------------------|

| ·   | Life                    Rafts and Ditch Bags |
|--------------------|----------------------------------------------|

| ·   | Medical                    Preparedness and First Aid |
|--------------------|-------------------------------------------------------|

| ·   | Features                    of Offshore Capable Vessels |
|--------------------|---------------------------------------------------------|

| ·   | Rigging                    and Deck Gear |
|--------------------|------------------------------------------|

| ·   | Tools,                    Mechanical and Electrical Skills |
|--------------------|------------------------------------------------------------|

| ·   | Sails,                    Ropework and Sewing |
|--------------------|-----------------------------------------------|

| ·   | Sail                    Handeling |
|--------------------|-----------------------------------|

| ·   | 12                    Volt Electrical Systems |
|--------------------|-----------------------------------------------|

| ·   | Boat                    Electronics, Instruments, Radio and                    Radar |
|--------------------|--------------------------------------------------------------------------------------|

| ·   | Auxillary                    Diesel Maintenance and Repair |
|--------------------|------------------------------------------------------------|

| ·   | Heavy                    Weather Seamanship |
|--------------------|---------------------------------------------|

| ·   | Weather,                    Pilot Charts and Navigation |
|--------------------|---------------------------------------------------------|

| ·   | Passagemaking |
|--------------------|---------------|

| ·   | Boat                    Maintenance, Provisioning and Waste                    Disposal |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | Ships                    Papers, Zarpes and Permits |
|--------------------|-----------------------------------------------------|

----

----

|  Vessel                      Name                                         |  Six                      String                                                                 |
|--------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
|  Hailing                      Port                                        |  Loveland,                      Colorado                                                         |
|  Make/Model                                                               |  Jason                      35                      Cutter                                       |
|  Type                                                                     |  Aft                      cockpit, cutter rigged                      sailing vessel             |
|  Navigation                      Limits                                   |  Suitable                      for recreational                      costal and offshore service |
|  Current                      Fair                      Market Value |  $43,000                      to                      $47,000                                    |
|  Replacement                      Value as                      Equipped  |  $320,000                                                                                        |
|  Model                      Year                                          |  Hull                      constructed 1982 with                      launch date in 1986        |
|  Builder                                                                  |  Custom                      Yacht Builders,                      Ontario, Canada                |
|  HIN                      Number                                          |  Canadian                      Issued:                      0781B3401                            |
|  Official                      Number                                     |  Federal                      Documentation                      1092461                         |
|  Aux.                      Propulsion                                     |  Faryman                      R30M 24HP naturally                      aspired                   |
|  Hull/Deck                      Color                                     |  White                                                                                           |
|  LOA                                                                      |  34                      feet 6                      inches                                      |
|  LWL                                                                      |  27                      feet 4                      inches                                      |
|  Beam                                                                     |  11                      feet 2                      inches                                      |
|  Draft                                                                    |  5                      feet                                                                     |
|  Displacement                                                        |  16,800                      pounds dry                      weight                              |
|  Sail                      Area                                           |  634                      square                      feet                                       |

----

----

| Staff                                                                                                                                                                                                                                                        |   | $      | 4,000 |  (1) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------|-----------|
| Fuel                      and                      Phone                                                                                                                                                                                                                                                  |   |   | 300   |      |
| Provisions                      and                      Supplies                                                                                                                                                                                            |   |   | 900   |      |
| Travel                      and                      Lodging                                                                                                                                                                                                                                         |   |   | 1,500 |      |
| Note                      Interest                                                                                                             |   |   | 450   |      |
| Home                      Office                      Rent                                                                                                                                                                                                                                                     |   |   | 300   |      |
| Bookkeeper                                                                                                                                                                                            |   |   | 200   |      |
| Total                                                                                                                                                                                                                                                        |   | $      | 7,600 |      |

| Staff                                                                                                                                                                                                                                                              |   | $      | 4,000  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Fuel                      and                      Phone                                                                                                                                                                                                                                                        |   |   | 500    |   |
| Provisions                      and Supplies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   | 2,700  |   |
| Travel                      and                      Lodging                                                                                                                                                                                             |   |   | 500    |   |
| Note                      Interest                                                                                                              |   |   | 500    |   |
| Home                      Office                      Rent                                                                                                                                                                                                                                                           |   |   | 300    |   |
| Bookkeeper                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 250    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |
| Total                                                                                                                                                                                                                                                              |   | $      | 8,750  |   |

| One-time                      costs for Form SB-2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $      | 11,500 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| One-time                      Printing and                      Postage                                                                                                                                                                                                                        |   |   | 1,000  |   |
| Total                      One-Time Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | $      | 12,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |
| Annual                      Audit, Form 10-K, Form                      10Qs                                                                                                                                                                                                                                                                          |   |   | 12,500 |   |
| Annual                      Transfer                      agent                                                                                                                       |   |   | 2,500  |   |
| Annual                      legal                                                                                                                                                                                                       |   |   | 5,000  |   |
| Total                      Annual Public Company Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $      | 20,000 |   |

----

| Quarterly                    Revenue from Training Voyages           |   |   |    |
|----------------------------------------------------------------------|--------|--------|---------|
| $1,750                    per student X 2 students X 6 voyages  |   | $      | 21,000  |   |
| Quarterly                      Operating Expense                     |   |   | 8,750   |   |
| Quarterly                      Public Company Expense                |   |   | 5,000   |   |
| Quarterly                      Marketing Expense                |   |   | 750     |   |
| Less                      Total Quarterly Expenses              |   |   | -14,500 |   |
| Estimated                      Quarterly Cash Flow                   |   | $      | 6,500   |   |

----

----

|   | 31.1: | Certification                    of Principal Executive and Financial                    Officer |
|--------|-------|--------------------------------------------------------------------------------------------------|

|   | 32.1: | Section                    1350 Certification |
|--------|-------|-----------------------------------------------|

| (b)   | Reports                    on Form 8-K: |
|-----------------|-----------------------------------------|

|                                 | ROSEWIND                    CORPORATION                                      (Registrant) |                                               |
|--------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|
|                                 |                                                                                                                                                                                |                                               |   |
| December                    26, 2007 | By:                                                                                                                                                                                 | /s/  James                  B. Wiegand   |   |
|                                 |                                                                                                                                                                                | James                  B.                  Wiegand |   |
|                                 |                                                                                                                                                                                | President                                          |   |
|                                 |                                                                                                                                                                                |                                               |   |

----