**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**________________**

**FORM      10-Q**

**________________**

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

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES EXCHANGE                ACT OF 1934 |
|---|------------------------------------------------------------------------------------------------------------------------------|

**FIRSTWAY      ENTERPRISES, INC.**

|                                                          |                                    |                                                |
|---------------------------------------------------------------|-----------------------------------------|-----------------------------------------------------|
| Delaware                                                      | 000-52563                               | To                be applied                        |
| (State                or other jurisdiction of incorporation) | (Commission                file number) | (IRS                Employer Identification Number) |

| Large                accelerated filer o | Accelerated                filer o                          Non-accelerated filer o |
|------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

----

**TABLE      OF CONTENTS**
** **

|                                                                                                                                                                                                                                                           |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **PART                I - Financial Information**                                                                                                                                                                                                              |   |
|    Item                1. Financial Statements                                                                                                                                                                                                  |   |
|       Unaudited                Balance Sheet as of March 31, 2008                                                                                                                                                                | 3      |
|       Unaudited                Statements of Operations -       Three                Months Ended March 31, 2008 and December 31, 2007 (inception) to                March 31,                2008 | 4      |
|       Unaudited                Statements of Cash Flows -       Three                Months Ended March 31, 2008 and December 31, 2007 (inception) to                March 31,                2008 | 5      |
|       Notes                to Unaudited Financial Statements                                                                                                                                                                     | 6      |
|    Item                2. Management’s Discussion and Analysis of Financial Condition                and   Results                of Operations                                                                            | 8      |
|    Item                3. Quantitative and Qualitative Disclosures About Market Risks                                  Item 4. Controls and Procedures                                                                                | 9      |
|                   Item 4T. Controls and Procedures                                                                                                                                                                                                   |   |
|                                                                                                                                                                                                                                                           |   |
|                                                                                                                                                                                                                                                           |   |
| **PART                II - Other Information**                                                                                                                                                                                                                 |   |
|    Item                1. Legal Proceedings                  Item 1A Risk Factors                                                                                                                                                     | 10     |
|    Item                2. Unregistered                Sales of Equity Securities and Use of Proceeds                                                                                                                                            | 10     |
|    Item                3. Defaults upon Senior Securities                                                                                                                                                                                       | 10     |
|    Item                4. Submission of Matters to a Vote of Security Holders                                                                                                                                                                   | 10     |
|    Item                5. Other Information                                                                                                                                                                                                     | 10     |
|    Item                6. Exhibits                                                                                                                                                                                                              | 10     |

----

**PART      I - Financial Information**

**Item      1. Financial Statements**

**FIRSTWAY      ENTERPRISES, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**BALANCE      SHEET**

**(UNAUDITED)**

|                                                                                                                                                                                        |   |                                                      |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------|--------|
|                                                                                                                                                                                        |   | **As                of****March                31, 2008** |   |
| **ASSETS**                                                                                                                                                                                  |   |                                                      |   |   |
| **Current                Assets**                                                                                                                                                           |   |                                                      |        |   |
|    Cash                and cash equivalents                                                                                                                                  |   | $                                                         | -      |   |
| **Total                Current Assets**                                                                                                                                                     |   | $                                                         | -      |   |
|                                                                                                                                                                                        |   |                                                      |   |   |
| **Total                Assets**                                                                                                                                                             |   | $                                                         | -      |   |
|                                                                                                                                                                                        |   |                                                      |        |   |
| **LIABILITIES                AND STOCKHOLDERS’ EQUITY**                                                                                                                               |   |                                                      |   |   |
| **Current                Liabilities**                                                                                                                                                      |   | $                                                         | -      |   |
| **Total                Liabilities**                                                                                                                                                        |   | $                                                         | -      |   |
|                                                                                                                                                                                        |   |                                                      |        |   |
| **Stockholders’                Equity (Deficit)**                                                                                                                                     |   |                                                      |        |   |
|    Preferred                stock - $.0001 par value; 20,000,000 shares authorized;      0                shares issued and outstanding        |   |                                                      |        |   |
|    Common                stock - $.0001 par value; 250,000,000 shares authorized;      31,340,000                shares issued and outstanding |   |                                                      | 3,134  |   |
|    Deficit                accumulated during development stage                                                                                                               |   |                                                      | (3,134 | ) |
| Total                Stockholders’ Equity (Deficit)                                                                                                                                   |   | $                                                         | -      |   |
| **Total                Liabilities and Stockholders’ Equity**                                                                                                                         |   | $                                                         | -      |   |

----

**FIRSTWAY      ENTERPRISES, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**STATEMENTS      OF OPERATIONS**

**(UNAUDITED)**

|                                                               |   |                                                         |       |                                                                      |   |
|--------------------------------------------------------------------|--------|--------------------------------------------------------------|------------|---------------------------------------------------------------------------|--------|
|                                                               |   | **For                the Three Months Ended March 31, 2008** |       | **For                the Year Ended****December                31, 2007** |   |
| **Revenues**                                                       |   |                                                         |            |                                                                      |   |  |   |
|    Revenues                                         |   | $                                                            | -          |                                                                      | $      | - |   |
| **Total                Revenues**                                  |   | $                                                            | -          |                                                                      | $      | - |   |
|                                                               |   |                                                         |            |                                                                      |   |  |   |
| **Operating                Costs and Expenses**                    |   |                                                         |            |                                                                      |   |  |   |
|    Organization                and related expenses |   |                                                         | 5,500      |                                                                      |   | 3,134 |   |
| **Total                Operating Costs and Expenses**              |   | $                                                            | 5,500      |                                                                      | $      | 3,134 |   |
|                                                               |   |                                                         |            |                                                                      |   |  |   |
| **Net                Income (Loss)**                               |   | $                                                            | (5,500     | )                                                                         | $      | (3,134 | ) |
|                                                               |   |                                                         |            |                                                                      |   |  |   |
| Basic                and diluted loss per common share             |   | $                                                            | (0.00      | )                                                                         | $      | (0.00 | ) |
| Basic                and diluted weighted average                  |   |                                                         |            |                                                                      |   |  |   |
|    Common                shares outstanding         |   |                                                         | 31,340,000 |                                                                      |   | 31,340,000 |   |

----

**FIRSTWAY      ENTERPRISES, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**STATEMENTS      OF CASH FLOWS**

**(UNAUDITED)**

|                                                                                  |   |                                                                                             |                     |                                                                      |   |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------|--------------------------|---------------------------------------------------------------------------|--------|
|                                                                                  |   | **For                the Three****Months                Ended****March                31, 2008** |                     | **For                the Year Ended****December                31, 2007** |   |
| **Cash                Flows from Operating Activities**                               |   |                                                                                             |                          |                                                                      |   |  |   |
| Net                income (loss)                                                      |   |                                                                                             | (5,500)                - |                                                                      |   | (3,134 | ) |
| Changes                in working capital                                             |   |                                                                                             | -                        |                                                                      |   | 3,134 |   |
| **Net                Cash Provided (Used) by Operating Activities**                   |   | $                                                                                                | -                        |                                                                      | $      | - |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| Cash                Flows from Investing Activities                                   |   |                                                                                             | -                        |                                                                      |   | - |   |
| **Net                Cash Used in Investing Activities**                              |   | $                                                                                                | -                        |                                                                      | $      | - |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| Cash                Flows from Financing Activities                                   |   |                                                                                             | -                        |                                                                      |   | - |   |
| **Net                Cash Provided by Financing Activities**                          |   | $                                                                                                | 5,500                    |                                                                      | $      | - |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| **Net                Change in Cash and Cash Equivalents**                            |   |                                                                                             |                          |                                                                      |   | - |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| **Cash                and Cash Equivalents at Beginning of Period**                   |   | $                                                                                                | -                        |                                                                      | $      | - |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| **Cash                and Cash Equivalents at End of Period**                         |   | $                                                                                                | -                        |                                                                      | $      | - |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| **Noncash                Financing and Investment Activities**                        |   |                                                                                             |                          |                                                                      |   |  |   |
|    Common                stock issued to founder for services rendered |   |                                                                                             | -                        |                                                                      |   | 3,134 |   |
|                                                                                  |   |                                                                                             |                          |                                                                      |   |  |   |
| **Supplemental                Cash Flow Information**                                 |   |                                                                                             |                          |                                                                      |   |  |   |
|    Interest                paid                                        |   | $                                                                                                | -                        |                                                                      | $      | - |   |
|    Income                taxes paid                                    |   | $                                                                                                | -                        |                                                                      | $      | - |   |

----

**FIRSTWAY      ENTERPRISES, INC.**

**(A      DEVELOPMENT STAGE COMPANY)**

**NOTES      TO FINANCIAL STATEMENTS**

**AS      OF MARCH 31, 2008**

**NOTE      1 - DESCRIPTION OF BUSINESS**

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

----

**NOTE      3 - GOING CONCERN**

**NOTE      4 - SHAREHOLDER'S EQUITY**

----

**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations**

----

*Net      Revenue*

*Operating      Expenses*

*Net      Income*

*Liquidity      and Capital Resources*

*Cash      Flows from Operating Activities*

***Off-Balance      Sheet Arrangements***

**       **

***Contractual      Obligations***

**Item      3. **
**Quantitative      and Qualitative Disclosures About Market Risks**

**Item      4.Controls      and Procedures **

**Item      4T.Controls      and Procedures **

----

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings**

**Item      1A. Risk Factors **

**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      Number, Name and/or Identification of Exhibit**

| 31.1   | Certification                of the Chief Executive Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002                                                                          |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                          |
| 31.2   | Certification                of the Chief Financial Officer pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002                                                                          |
|   |                                                                                                                                                                                                          |
| 32.1   | Certification                of the Chief Executive Officer pursuant to U.S.C. Section 1350 as                adopted                pursuant to Section 906 of the Sarbanes-Oxley Act of                2002 |
|   |                                                                                                                                                                                                          |
| 32.2   | Certification                of the Chief Financial Officer pursuant to U.S.C. Section 1350 as                adopted                pursuant to Section 906 of the Sarbanes-Oxley Act of                2002 |
|   |                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                          |

**SIGNATURES      **

*:         *
*/s/      Stuart Posner*

*:         *
*/s/      Russell B. Adler*

----