| Delaware                                                |   | 20-8088635                            |
|---------------------------------------------------------|--------|---------------------------------------|
| (State                or other jurisdiction of          |   | (I.R.S.                employer       |
| incorporation                or organization)           |   | identification                number) |
|                                                    |   |                                  |
| c/o                Pierre Narath                        |   |                                  |
| 8192                College Parkway, Suite 18           |   |                                  |
| Fort                Myers, FL                           |   | 33919                                 |
| (Address                of principal executive offices) |   | (Zip                Code)             |

----

**TELOS,      INC.**

**-      INDEX -**

|                                                                                                                                                                                                                           |   | Page   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| **PART                I - FINANCIAL STATEMENTS**:                                                                                                                                                                              |   |   |   |
|                                                                                                                                                                                                                           |   |   |   |
| Item                1. Condensed Financial Statements                                                                                                                                                                          |   |   | F-1    |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Condensed                Balance Sheet as of March 31, 2007 (unaudited) and December 31,                2006                                                                                                                   |   |   | F-1    |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Condensed                Statements of Operations for the Three Months Ended March 31, 2007,                and                the Period From December 20, 2006 (Inception) through March 31, 2007                (unaudited) |   |   | F-2    |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Condensed                Statement of Changes in Stockholder's Deficiency for the Period From                December 20, 2006 (Inception) through March 31, 2007                (unaudited)                                   |   |   | F-3    |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Condensed                Statements of Cash Flows for the Three Months Ended March 31, 2007                and the                Period From December 20, 2006 (Inception) through March 31, 2007                (unaudited)  |   |   | F-4    |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Notes                to Condensed Financial Statements (unaudited)                                                                                                                                                             |   |   | F-5    |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                2. Management's Discussion and Analysis or Plan of                Operation                                                                                                                                |   |   | 1      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                3. Controls and Procedures                                                                                                                                                                                 |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| **PART                II - OTHER INFORMATION**:                                                                                                                                                                                |   |   |        |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                1. Legal Proceedings                                                                                                                                                                                       |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds                                                                                                                              |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                3. Defaults Upon Senior Securities                                                                                                                                                                         |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                4. Submission of Matters to a Vote of Security Holders                                                                                                                                                     |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                5. Other Information                                                                                                                                                                                       |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Item                6. Exhibits                                                                                                                                                                                                |   |   | 2      |   |
|                                                                                                                                                                                                                           |   |   |        |   |
| Signatures                                                                                                                                                                                                                     |   |   | 3      |   |

----

**PART      I - FINANCIAL INFORMATION**

| **Item                1. Condensed Financial Statements** |
|-----------------------------------------------------------|
|                                                      |
| **TELOS,                INC.**                            |
| **(A                development Stage Company)**          |
| **CONDENSED                BALANCE SHEET**                |

|                                                                          |   | March                31, |    | December                31, |   |
|-------------------------------------------------------------------------------|--------|--------------------------|---------|-----------------------------|--------|
|                                                                          |   | 2007                     |    | 2006                        |   |
|                                                                          |   | (Unaudited)              |    |                        |   |
| ASSETS                                                                        |   |                     |         |                        |   |  |   |
|                                                                          |   |                     |         |                        |   |  |   |
| Current                Assets:                                                |   |                     |         |                        |   |  |   |
| Cash                and cash equivalents                                      |   | $                        | 11,588  |                        | $      | 20,000 |   |
| Prepaid                expenses                                               |   |                     | -       |                        |   | 4,700 |   |
|                                                                          |   |                     |         |                        |   |  |   |
| Total                Current Assets                                           |   | $                        | 11,588  |                        | $      | 24,700 |   |
|                                                                          |   |                     |         |                        |   |  |   |
| LIABILITIES                AND STOCKHOLDER’S DEFICIENCY                 |   |                     |         |                        |   |  |   |
|                                                                          |   |                     |         |                        |   |  |   |
| Current                Liabilities:                                           |   |                     |         |                        |   |  |   |
| Accounts                payable                                               |   | $                        | 14,288  |                        | $      | - |   |
| Accrued                expenses                                               |   |                     | 634     |                        |   | - |   |
| Due                to stockholder                                             |   |                     | 24,900  |                        |   | 24,900 |   |
| Total                Current Liabilities                                      |   |                     | 39,822  |                        |   | 24,900 |   |
|                                                                          |   |                     |         |                        |   |  |   |
| Stockholder's                Deficiency                                       |   |                     |         |                        |   |  |   |
| Preferred                stock-$.0001 par value-10,000,000 shares             |   |                     |         |                        |   |  |   |
| authorized;                -0- shares issued and outstanding                  |   |                     |         |                        |   |  |   |
| Common                stock, $.0001 par value; authorized 200,000,000 shares; |   |                     |         |                        |   |  |   |
| issued                and outstanding 1,000,000 and 1,000,000 shares          |   |                     | 100     |                        |   | 100 |   |
|                                                                          |   |                     |         |                        |   |  |   |
| (Deficit)                accumulated during the development stage             |   |                     | (28,334 | )                           |   | (300 | ) |
|                                                                          |   |                     |         |                        |   |  |   |
| Total                Stockholder's Deficiency                                 |   |                     | (28,234 | )                           |   | (200 | ) |
|                                                                          |   |                     |         |                        |   |  |   |
| Total                Liabilities and Stockholder's Deficiency                 |   | $                        | 11,588  |                        | $      | 24,700 |   |

| See                accompanying notes to Condensed Financial                Statements |
|----------------------------------------------------------------------------------------|

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Condensed      Statements of Operations (Unaudited)**

|                                                                |   |                                 |      | **Period                from**       |   |
|---------------------------------------------------------------------|--------|--------------------------------------|-----------|--------------------------------------|--------|
|                                                                |   | **For                the**           |      | **December                20, 2006** |   |
|                                                                |   | **Three                Months**      |      | **(Inception)**                      |   |
|                                                                |   | **Ended**                            |      | **Through**                          |   |
|                                                                |   | **March                31,****2007** |      | **March                31,****2007** |   |
| Net                Sales                                            |   | $                                    | —   |                                 | $      | — |   |
|                                                                |   |                                 |           |                                 |   |  |   |
| Cost                of Sales                                        |   |                                 | —   |                                 |   | — |   |
|                                                                |   |                                 |           |                                 |   |  |   |
| Gross                Profit                                         |   |                                 | —   |                                 |   | — |   |
|                                                                |   |                                 |           |                                 |   |  |   |
| General                and Administrative Expenses                  |   |                                 | (28,034   | )                                    |   | (28,334 | ) |
|                                                                |   |                                 |           |                                 |   |  |   |
| Net                Loss                                             |   | $                                    | (28,034   | )                                    | $      | (28,334 | ) |
|                                                                |   |                                 |           |                                 |   |  |   |
| Basic                and Diluted Loss Per Share                     |   | $                                    | (0.03     | )                                    |        |  |   |
|                                                                |   |                                 |           |                                 |   |  |   |
| Weighted                Average Number of Common Shares Outstanding |   |                                 | 1,000,000 |                                 |        |  |   |

*See      accompanying notes to the condensed financial statements.*

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Condensed      Statement of Changes in Stockholder's Deficiency**

**For      the Period From December 20, 2006 (Inception) through March 31,      2007**

|                                                        |   |                           |    |                        |   |        |   |          |      | (Deficit)                 |   |       |   |
|-------------------------------------------------------------|--------|--------------------------------|---------|-----------------------------|--------|-------------|--------|---------------|-----------|---------------------------|--------|------------|--------|
|                                                        |   |                           |    |                        |   |        |   |          |      | Accumulated               |   |       |   |
|                                                        |   |                           |    |                        |   |        |   |          |      | During                the |   |       |   |
|                                                        |   | Preferred                Stock |    | Common                Stock |   | Development |   | Stockholder's |      |
|                                                        |   | Shares                         |    | Amount                      |   | Shares      |   | Amount        |      | Stage                     |   | Deficiency |   |
| Issuance                of common stock - December 21, 2006 |   |                           | — |                        | $      | —     |   |          | 1,000,000 |                      | $      | 100        |   | $ | — |   | $ | 100 |   |
|                                                        |   |                           |         |                        |   |             |   |          |           |                      |   |            |   |   |  |   |   |  |   |
| Net                loss                                     |   |                           | — |                        |   | —     |   |          | —   |                      |   | —    |   |   | (300 | ) |   | (300 | ) |
|                                                        |   |                           |         |                        |   |             |   |          |           |                      |   |            |   |   |  |   |   |  |   |
| Balance,                December 31, 2006                   |   |                           | — |                        |   | —     |   |          | 1,000,000 |                      |   | 100        |   |   | (300 | ) |   | (200 | ) |
|                                                        |   |                           |         |                        |   |             |   |          |           |                      |   |            |   |   |  |   |   |  |   |
| Net                loss                                     |   |                           | — |                        |   | —     |   |          | —   |                      |   | —    |   |   | (28,034 | ) |   | (28,034 | ) |
|                                                        |   |                           |         |                        |   |             |   |          |           |                      |   |            |   |   |  |   |   |  |   |
| Balance,                March 31, 2007 (unaudited)          |   |                           | — |                        | $      | —     |   |          | 1,000,000 |                      | $      | 100        |   | $ | (28,334 | ) | $ | (28,234 | ) |

*See      accompanying notes to the condensed financial statements.*

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Condensed      Statements of Cash Flows (Unaudited)**

|                                                                   |   |                                |    | **Period                  from**       |   |
|------------------------------------------------------------------------|--------|-------------------------------------|---------|----------------------------------------|--------|
|                                                                   |   | **For                  the Three**  |    | **December                  20, 2006** |   |
|                                                                   |   | **Months**                          |    | **(Inception)**                        |   |
|                                                                   |   | **Ended**                 |    | **Through**                            |   |
|                                                                   |   | **March                  31, 2007** |    | **March                  31, 2007**    |   |
| **Cash                  Flows from Operating Activities**              |   |            |    |                         |   |
|                                                                   |   |            |    |                         |   |
| Net                  loss                                              |   | $                                   | (28,034 | )                                      | $      | (28,334 | ) |
|                                                                   |   |                                |         |                                   |   |  |   |
| Adjustments                  to reconcile net loss to net cash used in |   |                                |         |                                   |   |  |   |
| operating                  activities:                                 |   |                                |         |                                   |   |  |   |
| Decrease                  in prepaid expenses                          |   |                                | 4,700   |                                   |   | - |   |
| Increase in                  accrued expenses                     |   |                                | 634     |                                   |   | 634 |   |
| Increase in                  accounts payable                     |   |                                | 14,288  |                                   |   | 14,288 |   |
|                                                                   |   |                                |         |                                   |   |  |   |
| **Net                  Cash Used In Operating Activities**             |   |                                | (8,412  | )                                      |   | (13,412 | ) |
|                                                                   |   |                                |         |                                   |   |  |   |
| **Cash                  Flows from Financing Activities**              |   |                                |         |                                   |   |  |   |
| Proceeds                  from advance from stockholder                |   |                                | -       |                                   |   | 24,900 |   |
| Proceeds                  from issuance of stock                       |   |                                | -       |                                   |   | 100 |   |
| **Net                  cash provided by financing activities**         |   |                                | -       |                                   |   | 25,000 |   |
| Net                  (decrease) increase in cash                       |   |                                | (8,412  | )                                      |   | 11,588 |   |
|                                                                   |   |                                |         |                                   |   |  |   |
| Cash,                  beginning of period                             |   |                                | 20,000  |                                   |   | — |   |
|                                                                   |   |                                |         |                                   |   |  |   |
| Cash,                  end of period                                   |   | $                                   | 11,588  |                                   | $      | 11,588 |   |

*See      accompanying notes to the condensed financial statements.*

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Notes      to Condensed Financial Statements**

**Three      Months Ended March 31, 2007 (unaudited)**

| **NOTE                1 -** | **ORGANIZATION                AND BUSINESS:** |
|-----------------------------|-----------------------------------------------|

**BASIS      OF PRESENTATION FOR INTERIM FINANCIAL STATEMENTS:**

| **NOTE                2 -** | **SUMMARY                OF SIGNIFICANT ACCOUNTING                POLICIES:** |
|-----------------------------|-------------------------------------------------------------------------------|

|   | ***(a)*** | ***Use                of Estimates:*** |
|--------|-----------|----------------------------------------|

|   | ***(b)*** | ***Cash                Equivalents:*** |
|--------|-----------|----------------------------------------|

----

|  | ***(c)*** | ***Income                Taxes:*** |
|--|-----------|------------------------------------|

|   | ***(d)*** | ***Fair                Value of Financial                Instruments:*** |
|--------|-----------|--------------------------------------------------------------------------|

|   | ***(e)*** | ***Loss                per Common Share:*** |
|--------|-----------|---------------------------------------------|

|   | ***(f)*** | ***Adoption                of New Accounting                Policy:*** |
|--------|-----------|------------------------------------------------------------------------|

*—*
*.”*

|   | ***(g)*** | ***Recent                Accounting                Pronouncements:*** |
|--------|-----------|-----------------------------------------------------------------------|

* *

----

**TELOS,      INC.**

**(A      Development Stage Company)**

**Notes      to Condensed Financial Statements**

**Three      Months Ended March 31, 2007 (unaudited)**

| **NOTE                3 -** | **COMMON                STOCK:** |
|-----------------------------|----------------------------------|

| **NOTE                4 -** | **PREFERRED                STOCK:** |
|-----------------------------|-------------------------------------|

| **NOTE                5 -** | **INCOME                TAXES:** |
|-----------------------------|----------------------------------|

| **NOTE                6 -** | **LOAN                FROM STOCKHOLDER:** |
|-----------------------------|-------------------------------------------|

----

**Item      2. Management's Discussion and Analysis or Plan of      Operation.**

** **

**ADOPTION      OF NEW ACCOUNTING POLICY **

*—*
*.”*

**RECENT      ACCOUNTING PRONOUNCEMENTS**

* *

----

**Item      3. Controls and Procedures.**

**PART      II — OTHER INFORMATION**

**Item      1.  Legal Proceedings.**

**Item      2.  Unregistered Sales of Equity Securities and Use of      Proceeds.**

**Item      3.  Defaults Upon Senior Securities.**

**Item      4.  Submission of Matters to a Vote of Security      Holders.**

**Item      5.  Other Information.**

**Item      6. Exhibits.** 

| Exhibit |   | Description                                                                                                                                                                                                                                                                    |
|---------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *3.1    |   | Certificate                  of Incorporation                                                                                                                                                                                                                                  |
|    |   |                                                                                                                                                                                                                                                                           |
| *3.2    |   | By-Laws                                                                                                                                                                                                                                                                        |
|    |   |                                                                                                                                                                                                                                                                           |
| 31.1    |   | Certification                  of the Company's President pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002, with respect to the registrant's Quarterly Report                  on Form                  10-QSB for the quarter ended March 31, 2007. |
|    |   |                                                                                                                                                                                                                                                                           |
| 32.1    |   | Certification                  of the Company's President 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 Securities and Exchange Commission on January 29,                2007, and                incorporated herein by this                reference. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                              |                                                         |                            |
|-----------------------------------|--------------------------------------------------------------|---------------------------------|
|                              | TELOS,                INC.                                   |
|                              |                                                         |                            |
| Date:                May 15, 2007 | By:                                                | Pierre                A. Narath |
|                              | Name: Pierre A. NarathTitle:                President   |

----