|  For                  Quarter Ended: November                  30,                  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   | 8      |
|                       | 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                                                                                                                   |

----

|                                                                         |   | November                    30, |     |
|------------------------------------------------------------------------------|--------|---------------------------------|----------|
|                                                                         |   | 2007                            |     |
| Assets                                                                       |   |
|                                                                         |   |                            |     |
| Current                    Assets:                                           |   |                            |     |
| Cash                                                                         |   | $                               | 69,095   |   |
| Prepaid                    asset                                             |   |                            | 136      |   |
|                                                                         |   |                            |     |   |
| Total                    current assets                                      |   |                            | 69,231   |   |
|                                                                         |   |                            |     |   |
| Property                    and equipment, net                               |   |                            | 38,271   |   |
|                                                                         |   |                            |     |   |
| Total                    assets                                              |   | $                               | 107,502  |   |
|                                                                         |   |                            |     |   |
|                                                                         |   |                            |     |   |
| Liabilities                    and Shareholders’ Equity                |   |
| Current                    liabilities:                                      |   |                            |     |   |
| Accrued                    interest payable, related party                   |   | $                               | 5,242    |   |
| Accounts                    payable                                          |   |                            | 3,496    |   |
| Loans                    payable to related party                            |   |                            | 34,400   |   |
|                                                                         |   |                            |     |   |
| Total                    current liabilities                                 |   |                            | 43,138   |   |
|                                                                         |   |                            |     |   |
| Shareholders’                    equity:                               |   |                            |     |   |
| Common                    stock, no par value; 20,000,000 shares authorized, |   |                            |     |   |
| 3,389,000                    shares issued and outstanding                   |   |                            | 205,250  |   |
| Additional                    paid-in capital                                |   |                            | 12,761   |   |
| Accumulated                    other comprehensive gain                      |   |                            | 684      |   |
| Accumulated                    deficit                                       |   |                            | (500     | ) |
| Deficit                    accumulated during development stage              |   |                            | (153,831 | ) |
| Total                    shareholder’s equity                          |   |                            | 64,364   |   |
|                                                                         |   |                            |     |   |
| Total                    liabilities and shareholders' equity                |   | $                               | 107,502  |   |

----

|                                                              |   |                                            |      |   |                              |   |      | March                      1, |   |
|-------------------------------------------------------------------|--------|-------------------------------------------------|-----------|--------|-----------------------------------|--------|-----------|-------------------------------|--------|
|                                                              |   |                                            |      |   |                              |   |      | 2005                          |   |
|                                                              |   |                                            |      |   |                              |   |      | (Inception)                   |   |
|                                                              |   | For                      the Three Months Ended |      |   | Through                           |   |
|                                                              |   | November                      30,               |      |   | November                      30, |   |
|                                                              |   | 2007                                            |      |   | 2006                              |   |      | 2007                          |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |
| Revenue                                                           |   | $                                               | —   |   |                              | $      | —   |                          |   | $ | — |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Operating                      expenses:                          |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Professional                      fees                            |   |                                            | 5,920     |   |                              |   | 3,568     |                          |   |   | 27,824 |   |
| Contributed                      services, related party (Note 3) |   |                                            | 1,300     |   |                              |   | —   |                          |   |   | 10,696 |   |
| General                      and administrative                   |   |                                            | 8,023     |   |                              |   | 3,439     |                          |   |   | 110,069 |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Total                      operating expenses                     |   |                                            | 15,243    |   |                              |   | 7,007     |                          |   |   | 148,589 |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Loss                      from operations                         |   |                                            | (15,243   | )      |                              |   | (7,007    | )                             |   |   | (148,589 | ) |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Other                      Income (Expense)                       |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Interest                      expense                             |   |                                            | (516      | )      |                              |   | (503      | )                             |   |   | (5,242 | ) |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Total                      other expenses                         |   |                                            | (516      | )      |                              |   | (503      | )                             |   |   | (5,242 | ) |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Net                      loss                                     |   |                                            | (15,759   | )      |                              |   | (7,510    | )                             |   |   | (153,831 | ) |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Other                      Comprehensive Income (Loss)            |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Gain                      on foreign currency exchange            |   |                                            | 267       |   |                              |   | —   |                          |   |   | 684 |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Total                      Comprehensive Loss                     |   | $                                               | (15,492   | )      |                              | $      | (7,510    | )                             |   | $ | (153,147 | ) |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Basic                      and diluted loss per share             |   | $                                               | (0.00     | )      |                              | $      | (0.00     | )                             |   |   |   |   |
|                                                              |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| Basic                      and diluted weighted average           |   |                                            |      |   |                              |   |      |                          |   |   |   |   |
| common                      shares outstanding                    |   |                                            | 3,203,111 |   |                              |   | 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  Gain  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 August 31, 2005  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  —   —   925    —   —   —                          Office space contributed by an officer.  —   —   1,200    —   —   —                          Services contributed by an officer  —   —   7,271    —   —   —                          Foreign currency exchange gain  —   —   —   417    —   —                          Net loss, year ended August 31, 2007  —   —   —   —   —   (48,954)                                                  Balance at August 31, 2007  3,150,000    145,500    11,461    417    (500)  (138,072)                         Common stock issued for cash                        at $0.25 per share (unaudited)  239,000    59,750    —   —   —   —                          Office space contributed by an officer                        (unaudited)  —   —   300    —   —   —                          Services contributed by an officer (unaudited)  —   —   1,000    —   —   —                          Foreign currency exchange gain (unaudited)  —   —   —   267    —   —                          Net loss, quarter ended November 30, 2007                        (unaudited)  —   —   —   —   —   (15,759)                         Balance at November 30, 2007 (unaudited)  3,389,000   $205,250  $12,761  $684  $(500)  $(153,831)
```

----

|                                                                   |   |                                            |    |   |                              |    |    | March                      1, |   |
|------------------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|-----------------------------------|---------|---------|-------------------------------|--------|
|                                                                   |   |                                            |    |   |                              |    |    | 2005                          |   |
|                                                                   |   |                                            |    |   |                              |    |    | (Inception)                   |   |
|                                                                   |   | For                      the Three Months Ended |    |   | Through                           |    |
|                                                                   |   | November                      30,               |    |   | November                      30, |    |
|                                                                   |   | 2007                                            |    |   | 2006                              |    |    | 2007                          |   |
| Cash                      flows from operating activities:             |   |                                            |    |   |                              |    |    |                          |   |
| Net                      loss                                          |   | $                                               | (15,759 | )      |                              | $       | (7,510  | )                             |   | $ | (153,831 | ) |
| Adjustments                      to reconcile net loss to net cash     |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| used                      by operating activities:                     |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Depreciation                      expense                              |   |                                            | 1,682   |   |                              |    | 1,605   |                          |   |   | 17,195 |   |
| Contributed                      capital to fund expenses              |   |                                            | 1,300   |   |                              |    | 333     |                          |   |   | 12,661 |   |
| Common                      stock issued for services                  |   |                                            | — |   |                              |    | — |                          |   |   | 56,000 |   |
| Changes                      in operating assets and liabilities:      |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| (Increase)                      decrease in prepaid services           |   |                                            | (136    | )      |                              |    | — |                          |   |   | (136 | ) |
| Increase                      (decrease) in accounts payable           |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| and                      accrued liabilities                           |   |                                            | 2,538   |   |                              |    | 1,929   |                          |   |   | 9,422 |   |
| Net                      cash used in                                  |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| operating                      activities                              |   |                                            | (10,375 | )      |                              |    | (3,643  | )                             |   |   | (58,689 | ) |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Cash                      flows from investing activities:             |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Cash                      paid for fixed assets                        |   |                                            | (3,638  | )      |                              |    | — |                          |   |   | (16,466 | ) |
| Net                      cash used in                                  |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| investing                      activities                              |   |                                            | (3,638  | )      |                              |    | — |                          |   |   | (16,466 | ) |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Cash                      flows from financing activities:             |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Common                      stock issued for cash                      |   |                                            | 59,750  |   |                              |    | — |                          |   |   | 109,750 |   |
| Proceeds                      from related party loans                 |   |                                            | — |   |                              |    | 1,500   |                          |   |   | 34,400 |   |
| Net                      cash provided by                              |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| financing                      activities                              |   |                                            | 59,750  |   |                              |    | 1,500   |                          |   |   | 144,150 |   |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Net                      change in cash                                |   |                                            | 45,737  |   |                              |    | (2,143  | )                             |   |   | 68,995 |   |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Cash,                      beginning of period                         |   |                                            | 23,358  |   |                              |    | 48,874  |                          |   |   | 100 |   |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Cash,                      end of period                               |   | $                                               | 69,095  |   |                              | $       | 46,731  |                          |   | $ | 69,095 |   |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Supplemental                      disclosure of cash flow information: |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Cash                      paid during the period for:                  |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Income                      taxes                                      |   | $                                               | — |   |                              | $       | — |                          |   | $ | — |   |
| Interest                                                               |   | $                                               | — |   |                              | $  | — |                          |   | $  | — |   |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
|                                                                   |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| NON                      CASH FINANCING ACTIVITIES:                    |   |                                            |    |   |                              |    |    |                          |   |   |   |   |
| Common                      stock issued for services                  |   | $                                               | — |   |                              | $       | — |                          |   | $ | 56,000 |   |

----

----

----

----

| ·   | 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) |                                               |
|-------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|
|                                |                                                                                                                                                                                |                                               |   |
| January                    11, 2008 | By:                                                                                                                                                                                 | /s/  James                  B. Wiegand   |   |
|                                |                                                                                                                                                                                | James                  B.                  Wiegand |   |
|                                |                                                                                                                                                                                | President                                          |   |
|                                |                                                                                                                                                                                |                                               |   |

----

----