U.S. SECURITIES AND EXCHANGE
COMMISSION


Washington, D.C.
20549




FORM 10-QSB/A


x
              QUARTERLY
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the quarterly period ended November 30, 2007.o
              TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934




Commission file number:
000-1388180




ECOLAND INTERNATIONAL,
INC.


(Exact
name of registrant as specified in its charter)





Nevada
              (State
      or other jurisdiction of incorporation or organization)
            20-3061959
              (I.R.S.
      Employer Identification No.)4425 Ventura Canyon Avenue,
      Suite 105
              Sherman Oaks,
      California
            91423(Address
      of principal executive offices)
            (Zip
      Code)





(310) 281-2571


(Issuer’s
telephone number)




Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes x No o





Indicate
by check mark whether the registrant is a shell company as defined in Rule 12b-2
of the Exchange Act. Yes x No o





State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practicable date: As of November 30, 2007, the issuer had
44,650,000 shares of its common stock issued and outstanding.




Transitional
Small Business Disclosure Format (check one): Yes o No x





TABLE OF
CONTENTS





PART
      I - FINANCIAL INFORMATION
            1Item
      1.
            Financial
      Statements.
            1Item
      2.
            Management’s
      Discussion and Analysis or Plan of Operation.
            8Item
      3.
            Controls
      and Procedures.
            10Part
      II - OTHER INFORMATION
            11Item
      1.
            Legal
      Proceedings.
            11Item
      2.
            Unregistered
      Sales of Equity Securities and Use of Proceeds.
            11Item
      3.
            Defaults
      Upon Senior Securities.
            11Item
      4.
            Submission
      of Matters to a Vote of Security Holders.
            11Item
      5.
            Other
      Information.
            11Item
      6.
            Exhibits.
            11


i


PART I - FINANCIAL
INFORMATION




Item 1.  Financial
Statements.




ECOLAND INTERNATIONAL,
INC.


(Formerly Guano Distributors,
Inc.)


(A
Development Stage Company)


Consolidated
Balance Sheet





ASSETSNovember
      30
              2007
            
            May
      31,
              2007(Unaudited)CURRENT
      ASSETSCash
            
            $
            3,046
            
            $
            24,630Accounts
      receivable
            
            
            5,015
            
            
            13,503Other
      current assets
            
            
            2,035
            
            
            364Total
      Current Assets
            
            
            10,096
            
            
            38,497FIXED
      ASSETS, Net
            
            
            492
            
            
            653TOTAL
      ASSETS
            
            $
            10,588
            
            $
            39,150LIABILITIES AND
      STOCKHOLDERS’ EQUITY (DEFICIT)CURRENT
      LIABILITIESAccounts
      payable and accrued liabilities
            
            $
            26,722
            
            $
            2,792Accrued
      liabilities - related parties
            
            
            15,000
            
            
            10,000Notes
      payable
            
            
            43,360
            
            
            36,037Notes
      payable - related parties
            
            
            139,471
            
            
            132,640Total
      Current Liabilities
            
            
            224,553
            
            
            181,469STOCKHOLDERS’
      EQUITY (DEFICIT)Preferred
      stock; 50,000,000 shares authorized, at $0.001 per share, -0- shares
      issued and outstanding
            
            
            -
            
            
            -Common
      stock; 500,000,000 shares authorized, at $0.001 par value, 44,650,000
      shares issued and outstanding
            
            
            44,650
            
            
            44,650Additional
      paid-in capital
            
            
            89,850
            
            
            88,365Deficit
      accumulated during the development stage
            
            
            (348,465
            )
            
            (275,334
            )Total
      Stockholders’ Equity (Deficit)
            
            
            (213,965
            )
            
            (142,319
            )TOTAL
      LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
            
            $
            10,588
            
            $
            39,150




The
accompanying notes are an integral part of these consolidated financial
statements.


1


ECOLAND INTERNATIONAL,
INC.


(Formerly Guano Distributors,
Inc.)


( A
Development Stage Company)


Consolidated
Statements of Operations





For
      the Three Months Ended
            
            For
      the Six Month EndedNovember
      30
            
            November
      302007
            
            2006
            
            2007
            
            2006REVENUES
            
            $
            8,582
            
            $
            7,020
            
            $
            10,612
            
            $
            14,040COST
      OF GOODS SOLD
            
            
            5,011
            
            
            1,513
            
            
            5,715
            
            
            3,025GROSS
      PROFIT
            
            
            3,571
            
            
            5,507
            
            
            4,897
            
            
            11,015EXPENSESDepreciation
      and amortization
            
            
            63
            
            
            109
            
            
            123
            
            
            217General
      and administrative
            
            
            50,950
            
            
            37,247
            
            
            75,992
            
            
            74,503Total
      Expenses
            
            
            51,013
            
            
            37,356
            
            
            76,115
            
            
            74,720LOSS
      FROM OPERATIONS
            
            
            (47,442
            )
            
            (31,849
            )
            
            (71,218
            )
            
            (63,705
            )OTHER
      INCOME (EXPENSE)Interest
      expense
            
            
            5,963
            
            
            (2,095
            )
            
            (1,913
            )
            
            (4,191
            )Total
      Other Expenses
            
            
            5,963
            
            
            (2,095
            )
            
            (1,913
            )
            
            (4,191
            )NET
      LOSS
            
            $
            (41,479
            )
            $
            (33,944
            )
            $
            (73,131
            )
            $
            (67,896
            )BASIC
      LOSS PER SHARE
            
            $
            (0
            )
            $
            (0
            )
            $
            (0
            )
            $
            (0
            )WEIGHTED
      AVERAGE NUMBER OF SHARES OUTSTANDING (000’s)
            
            
            44,650
            
            
            44,650
            
            
            44,650
            
            
            44,650




The
accompanying notes are an integral part of these consolidated financial
statements.


2


ECOLAND INTERNATIONAL,
INC.




(Formerly Guano Distributors,
Inc.)


(A
Development Stage Company)


Consolidated
Statements of Stockholders’ Equity (Deficit)





Additional
            
            StockCommon
      Stock
            
            Paid-In
            
            Subscriptions
            
            AccumulatedShares
            
            Amount
            
            Capital
            
            Receivable
            
            DeficitBalance,
      May 31, 2005
            
            
            20,000,000
            
            
            20,000
            
            
            15
            
            
            -
            
            
            (29,127
            )Common
      shares issued for services at $0.001 per share
            
            
            20,000,000
            
            
            20,000
            
            
            -
            
            
            -
            
            
            -Common
      shares issued for cash at $0.02 per share
            
            
            4,000,000
            
            
            4,000
            
            
            76,000
            
            
            (20,000
            )
            
            -Common
      shares issued for services at $0.02 per share
            
            
            650,000
            
            
            650
            
            
            12,350
            
            
            -
            
            
            -Net
      loss for the year ended May 31, 2006
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (88,433
            )Balance,
      May 31, 2006
            
            
            44,650,000
            
            
            44,650
            
            
            88,365
            
            
            (20,000
            )
            
            (117,560
            )Receipt
      of cash on subscriptions receivable
            
            
            -
            
            
            -
            
            
            -
            
            
            20,000
            
            
            -Net
      loss for the year ended May 31, 2007
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (157,774
            )Balance,
      May 31, 2007
            
            
            44,650,000
            
            
            44,650
            
            
            88,365
            
            
            -
            
            
            (275,334
            )Services
      contributed by officers and directors
            
            
            -
            
            
            -
            
            
            1,485
            
            
            -
            
            
            -Net
      loss for the Six months ended November 30, 2007
            
            
            -
            
            
            -
            
            
            -
            
            
            -
            
            
            (73,131
            )Balance,
      November 30, 2007
            
            
            44,650,000
            
            $
            44,650
            
            $
            89,850
            
            $
            -
            
            $
            (348,465
            )




The
accompanying notes are an integral part of these consolidated financial
statements.


3


ECOLAND INTERNATIONAL,
INC.


(Formerly Guano Distributors,
Inc.)


(A
Development Stage Company)


Consolidated
Statements of Cash Flows





For
      the Three Months Ended
            
            For
      the Six Months EndedNovember
      30
            
            November
      302007
            
            
            2006
            
            
            2007
            
            
            2006CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
            
            $
            (41,479
            )
            $
            (33,944
            )
            $
            (73,131
            )
            $
            (67,896
            )Adjustments
      to reconcile net loss to net cash used by operating
      activities:Depreciation
      and amortization
            
            
            58
            
            
            157
            
            
            161
            
            
            217Common
      stock issued for services
            
            
            -
            
            
            -
            
            
            -
            
            
            -Services
      contributed by officers and directors
            
            
            -
            
            
            -
            
            
            1,485
            
            
            -Changes
      in operating assets and liabilities Increase in accounts
      receivable
            
            
            (3,150
            )
            
            6,527
            
            
            8,488
            
            
            8,641Increase
      in prepaid expenses and deposits
            
            
            53
            
            
            1,462
            
            
            (1,671
            )
            
            1,307Increase
      in account payable and accrued expenses
            
            
            23,720
            
            
            (1,394
            )
            
            28,930
            
            
            (1,394
            )Net
      Cash Used by Operating Activities
            
            
            (20,798
            )
            
            (27,192
            )
            
            (35,738
            )
            
            (59,125
            )CASH
      FLOWS FROM INVESTING ACTIVITIESPurchase
      of fixed assets
            
            
            -
            
            
            -
            
            
            -
            
            
            -Net
      Cash Used by Investing Activities
            
            
            -
            
            
            -
            
            
            -
            
            
            -CASH
      FLOWS FROM FINANCING ACTIVITIESCommon
      stock issued for cash
            
            
            -
            
            
            20,000
            
            
            -
            
            
            20,000Proceeds
      from issuance of notes payable
            
            
            9,776
            
            
            3,118
            
            
            7,323
            
            
            3,118Proceeds
      from issuance of notes payable - related parties
            
            
            7,999
            
            
            1,000
            
            
            6,831
            
            
            1,000Net
      Cash Provided by Financing Activities
            
            
            17,775
            
            
            24,118
            
            
            14,154
            
            
            24,118NET
      DECREASE IN CASH
            
            
            (3,023
            )
            
            (3,074
            )
            
            (21,584
            )
            
            (35,007
            )CASH
      AT BEGINNING OF PERIOD
            
            
            6,069
            
            
            6,902
            
            
            24,630
            
            
            38,835CASH
      AT END OF PERIOD
            
            $
            3,046
            
            $
            3,828
            
            $
            3,046
            
            $
            3,828





The
accompanying notes are an integral part of these consolidated financial
statements.


4







ECOLAND INTERNATIONAL,
INC.


(Formerly Guano Distributors,
Inc.)


(A
Development Stage Company)


Notes to
the Consolidated Financial Statements




Note 1 - Organization And Summary Of
Significant Accounting Policies




Organization of
Business




The
Company began operations on April 15, 2005 as Guano Distributors (PTY) Ltd. The
Company was then incorporated in the State of Nevada on June 24, 2005 as Guano
Distributors, Inc. The Company changed its name to Ecoland International, Inc on
June 24, 2006. In May 2006, the Company amended its Articles of Incorporation to
increase the authorized common stock to 500,000,000 shares and 50,000,000 of
“blank check” preferred shares. In May 2005 the Company acquired certain
distribution rights from Sociaf, LDA an Angolan company, pertaining to Dry Bar
Cave Bat Guano.




The
Company is currently in the process of formulating business and strategic plans
to process, package and market the guano world wide from the deposits in
Angola.




The
Company has not achieved significant revenues and is a development stage
company.




Use of
Estimates




The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reporting amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the periods. Management makes these estimates using the best information
available at the time the estimates are made; however, actual results could
differ materially from these estimates.




Fair Value of Financial
Instruments




Fair
value estimates are based upon certain market assumptions and pertinent
information available to management as of May 31, 2007. The respective carrying
value of certain on-balance-sheet financial instruments approximated their fair
values. These financial instruments include cash. Fair values were assumed to
approximate carrying values for cash and payables because they are short term in
nature and their carrying amounts approximate fair values or they are payable on
demand.




Cash
equivalents




The
Company maintains a cash balance in a non-interest-bearing account that
currently does not exceed federally insured limits. For the purpose of the
statements of cash flows, all highly liquid investments with an original
maturity of three months or less are considered to be cash
equivalents.




Property and Equipment




Property
and equipment are stated at cost, net of accumulated depreciation. Depreciation
is provided primarily by the straight-line method over the estimated useful
lives of the related assets of five years.


5


Net Income Per
Share




SFAS No.
128, Earnings per Share, requires dual presentation of basic and diluted
earnings or loss per share (“EPS”) for all entities with complex capital
structures and requires a reconciliation of the numerator and denominator of the
basic EPS computation to the numerator and denominator of the diluted EPS
computation. Basic EPS excludes dilution; diluted EPS reflects the potential
dilution that could occur if securities or other contracts to issue common stock
were exercised or converted into common stock or resulted in the issuance of
common stock that then shared in the earnings of the entity.




Basic
loss per share is computed by dividing net loss applicable to common
shareholders by the weighted average number of common shares outstanding during
the period. Diluted loss per share reflects the potential dilution that could
occur if dilutive securities and other contracts to issue common stock were
exercised or converted into common stock or resulted in the issuance of common
stock that then shared in the earnings of the Company, unless the effect is to
reduce a loss or increase earnings per share. The Company had no potential
common stock instruments which would result in a diluted loss per share.
Therefore, diluted loss per share is equivalent to basic loss per
share.




Revenue
recognition




The
Company recognizes revenue on an accrual basis as it invoices for product. The
Company recognizes revenue after the product has been delivered, and collection
is reasonably assured.




Advertising




Advertising
costs are expensed as incurred.




Income Taxes




Deferred
tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of
existing assets and liabilities and their respective tax bases. Deferred tax
assets and liabilities are measured using enacted tax rates expected to apply to
taxable income in the years in which those temporary differences are expected to
reverse. The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in the statement of operations in the period that includes
the enactment date.




Recently Issued Accounting
Pronouncements




In
September 2006, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 157, “Fair Value Measurements” which defines
fair value, establishes a framework for measuring fair value in generally
accepted accounting principles (GAAP), and expands disclosures about fair value
measurements. Where applicable, SFAS No. 157 simplifies and codifies
related guidance within GAAP and does not require any new fair value
measurements. SFAS No. 157 is effective for financial statements issued for
fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years. Earlier adoption is encouraged. The Company does not expect
the adoption of SFAS No. 157 to have a significant effect on its financial
position or results of operation.




In June
2006, the Financial Accounting Standards Board issued FASB Interpretation No.
48, “Accounting for Uncertainty in Income Taxes - an interpretation of FASB
Statement No. 109”, which prescribes a recognition threshold and measurement
attribute for the financial statement recognition and measurement of a tax
position taken or expected to be taken in a tax return. FIN 48 also provides
guidance on de-recognition, classification, interest and penalties, accounting
in interim periods, disclosure and transition. FIN 48 is effective for fiscal
years beginning after December 15, 2006. The Company does not expect the
adoption of FIN 48 to have a material impact on its financial reporting, and the
Company is currently evaluating the impact, if any, the adoption of FIN 48 will
have on its disclosure requirements.


6




In March
2006, the Financial Accounting Standards Board issued Statement of Financial
Accounting Standards No. 156, “Accounting for Servicing of Financial Assets—an
amendment of FASB Statement No. 140.” This statement requires an entity to
recognize a servicing asset or servicing liability each time it undertakes an
obligation to service a financial asset by entering into a servicing contract in
any of the following situations: a transfer of the servicer’s financial assets
that meets the requirements for sale accounting; a transfer of the servicer’s
financial assets to a qualifying special-purpose entity in a guaranteed mortgage
securitization in which the transferor retains all of the resulting securities
and classifies them as either available-for-sale securities or trading
securities; or an acquisition or assumption of an obligation to service a
financial asset that does not relate to financial assets of the servicer or its
consolidated affiliates. The statement also requires all separately recognized
servicing assets and servicing liabilities to be initially measured at fair
value, if practicable, and permits an entity to choose either the amortization
or fair value method for subsequent measurement of each class of servicing
assets and liabilities.




The
statement further permits, at its initial adoption, a one-time reclassification
of available for sale securities to trading securities by entities with
recognized servicing rights, without calling into question the treatment of
other available for sale securities under Statement 115, provided that the
available for sale securities are identified in some manner as offsetting the
entity’s exposure to changes in fair value of servicing assets or servicing
liabilities that a servicer elects to subsequently measure at fair value and
requires separate presentation of servicing assets and servicing liabilities
subsequently measured at fair value in the statement of financial position and
additional disclosures for all separately recognized servicing assets and
servicing liabilities. This statement is effective for fiscal years beginning
after September 15, 2006, with early adoption permitted as of the beginning of
an entity’s fiscal year. Management believes the adoption of this statement will
have no immediate impact on the Company’s financial condition or results of
operations.




Share Based
Compensation




The
Company follows the provisions of FAS No. 123R, “Share-Based Payment.” FAS
No. 123R requires all share-based payments to employees, including grants
of employee stock options, to be recognized in the income statement based on
their fair values.




As
permitted by FAS No. 123, the Company currently accounts for share-based
payments to employees and non employees using the Fair Market Value method and
the Company recognizes compensation cost for employee stock options at fair
market value.




Note 2 - Going
Concern




The
Company’s financial statements are prepared using accounting principles
generally accepted in the United States of America applicable to a going concern
which contemplates the realization of assets and liquidation of liabilities in
the normal course of business. The Company has not yet established an ongoing
source of revenues sufficient to cover its operating costs and allow it to
continue as a going concern. The ability of the Company to continue as a going
concern is dependent upon the Company obtaining adequate capital to fund
operating losses until it becomes profitable. If the Company is unable to obtain
adequate capital, it could be forced to cease operations.




In order
to continue as a going concern, the Company will need, among other things,
additional capital resources. Management’s plans to obtain such resources for
the Company include (1) financing current operations with funds obtained through
equity offerings, and (2) planning and streamlining distribution operations with
respect to the Company’s Angolan guano supply. However, management cannot
provide any assurances that the Company will be successful in accomplishing any
of its plans.




The
ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually secure other sources of financing and attain profitable
operations. The accompanying financial statements do not include any adjustments
that might be necessary if the Company is unable to continue as a going
concern.


7


Note 3 -  Common Stock




During
the year ended May 31, 2006, the Company issued a total of 20,000,000 shares to
Mr. Robert Russell in payment for services. The shares were valued at $20,000
which is the estimated fair value of the services performed in connection with
the formation of the Company.




During
the year ended May 31, 2005, the Company issued 20,000,000 shares of common
stock to Mr. David Wallace, upon the immediate exercise of a stock option
granted to Mr. Wallace on May 15, 2005. The stock option was granted to Mr.
Wallace as consideration for Mr. Wallace’s transfer of his ownership in Guano
Distributors (PTY) Ltd. In addition, pursuant to the transfer of ownership, Mr.
Wallace agreed to perform certain administrative and consulting services for the
Company. These services were valued at $20,000, were performed subsequent to the
transfer of ownership, and were expensed during the year ended May 31,
2006.




The
Company also issued 650,000 shares for services performed by various consultants
valued at $13,000 and 4,000,000 shares for cash of $80,000. The services were
valued at the fair value of the shares given.




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




Cautionary Statement Regarding
Forward-Looking Statements




This
Report on Form 10-QSB contains forward-looking statements, including, without
limitation, statements concerning our possible or assumed future results of
operations. These statements are preceded by, followed by or include the words
“believes,” “could,” “expects,” “intends” “anticipates,” or similar expressions.
Our actual results could differ materially from those anticipated in the
forward-looking statements for many reasons including: our ability to continue
as a going concern, adverse economic changes affecting markets we serve;
competition in our markets and industry segments; our timing and the
profitability of entering new markets; greater than expected costs, customer
acceptance of wireless networks or difficulties related to our integration of
the businesses we may acquire and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings. Although
we believe the expectations reflected in the forward-looking statements are
reasonable, they relate only to events as of the date on which the statements
are made, and our future results, levels of activity, performance or
achievements may not meet these expectations. We do not intend to update any of
the forward-looking statements after the date of this document to conform these
statements to actual results or to changes in our expectations, except as
required by law.




The
discussion and financial statements contained herein are for the three and six
months ended November 30, 2007 and 2006. The following discussion should be read
in conjunction with our financial statements and the notes thereto included
herewith.




Three Months Period Ended November
30, 2007 As Compared To Three Months Ended November 30,
2006




Results of
Operations




Net Revenue




We
generated consolidated net revenues of $8,582 for the three month period ended
November 30, 2007, as compared to $7,020 for the three month period ended
November 30, 2006. Net revenues continue to fluctuate as we attempt to establish
the best mix of products to sell either in bulk deliveries or smaller
packages.




Cost of Sales




We
incurred cost of sales of $5,011 for the three month period ended November 30,
2007, as compared to $1,513 for the three month period ended November 30, 2006.
This difference is as a result, as mentioned in Net Revenues, of attempts to
establish the best mix of product to sell.


8


Gross Profit




We
generated gross profit of $3,571 for the three month period ended November 30,
2007, as compared to $5,507 for the three month period ended November 30, 2006.
The decrease in gross profit for this quarter when compared to the same quarter
last year is due to an increase in bulk deliveries to customers ( i.e. , greater
than one ton) as opposed to retail deliveries of smaller quantities (one kg
containers).




Genera and Administrative
Expenses




We
incurred general and administrative expenses of $51,013 for the three month
period ended November 30, 2007 as compared to $37,356 for the three month period
ended November 30, 2006. General and administrative expenses in the current
period increased due to our incurring significant professional charges arising
from delays in registering our shares of common stock for resale with the United
States Securities and Exchange Commission.




Net Income
(Loss)




We had a
loss before taxes of $41,479 for the three month period ended November 30, 2007
as compared to a loss before taxes of $33,944 for the three month period ended
November 30, 2006.




Basic and Diluted Income (Loss) per
Share




Our basic
and diluted income (loss) per share for the three month period ended November
30, 2007 was $(0.00), compared to a loss per share of ($0.00) during the
corresponding period ended November 30, 2006.




Six Months Period Ended November 30,
2007 As Compared To Six Months Ended November 30,
2006




Results of
Operations




Net Revenue




We
generated consolidated net revenues of $10,612 for the six month period ended
November 30, 2007, as compared to $14,040 for the six month period ended
November 30, 2006. The decrease in revenues for this period when compared to the
same period last year arises as we have completed test marketing of our dry bar
cave bat guano.




Cost of Sales




We
incurred cost of sales of $5,715 for the six month period ended November 30,
2007, as compared to $3,025 for the six month period ended November 30,
2006.




Gross Profit




We
generated gross profit of $4,897 for the six month period ended November 30,
2007, as compared to $11,015 for the six month period ended November 30, 2006.
We achieved a gross profit on sales of approximately 50% which is in line with
expectations and our business plan. There has been a slight decline but this is
mainly due to our varying the mix of products test marketed.




General and Administrative
Expenses




We
incurred general and administrative expenses of $76,115 for the six month period
ended November 30, 2007 as compared to $74,720 for the six month period ended
November 30, 2006. General and administrative expenses in the current period
increased due to our incurring significant professional charges arising from
delays in registering our shares of common stock for resale with the United
States Securities and Exchange Commission.


9


Net Income
(Loss)




We had a
loss before taxes of $73,131 for the six month period ended November 30, 2007 as
compared to a loss before taxes of $67,896 for the six month period ended
November 30, 2006.




Basic and Diluted Income (Loss) per
Share




Our basic
and diluted income (loss) per share for the six month period ended November 30,
2007 was $(0.00), compared to a loss per share of ($0.00) during the
corresponding period ended November 30, 2006.




Liquidity and Capital
Resources




Our
independent auditor has issued a “going concern” qualification as part of its
opinion in the Audit Report for the year ended May 31, 2007. We do not currently
have sufficient capital to meet our short-term cash requirements. We will
continue to need to raise additional funds to conduct our business activities in
the next twelve months. We owe approximately $42,000 in current liabilities.
Additionally, we estimate that we will need approximately $1,000,000 to expand
operations through the end of the fiscal year 2008. These operating costs
include general and administrative expenses and the deployment of inventory. We
anticipate raising funds through the sale of our capital stock.




Item 3.  Controls and
Procedures.




We have
established disclosure controls and procedures to ensure that material
information relating to Ecoland, including our subsidiaries, is made known to
the officers who certify our financial reports and to other members of senior
management and our board of directors.




Evaluation of disclosure controls
and procedures. Our
management, with the participation of our chief executive officer and chief
financial officer, has evaluated the effectiveness of the design and operation
of our disclosure controls and procedures (as defined in Rules 13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end
of the period covered by this Quarterly Report on Form 10-QSB. Based on this
evaluation, our chief executive officer and chief financial officer concluded
that these disclosure controls and procedures are effective and designed to
ensure that the information required to be disclosed in our reports filed or
submitted under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported within the requisite time periods.




Changes in internal
controls. There
was no change in our internal control over financial reporting (as defined in
Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as
amended) that occurred during our last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, our internal control
over financial reporting.


10


PART II –  OTHER INFORMATION




Item 1.  Legal
Proceedings.




None.




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




None.




Item 3.  Defaults upon Senior
Securities.




None.




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




None.




Item 5.  Other
Information.




On
December 21, 2007, our registration statement Form SB-2 relating to the resale
of 4,650,000 shares of our common stock by the selling stockholders identified
in our prospectus. The shares were issued in a private placement of our common
stock. On January 7, 2008, we registered for trading the shares of our common
stock pursuant to Form 8-A12(g) with the United States Securities and Exchange
Commission.




Item 6.  Exhibits.




Exhibit
              No.
            
            Identification of
      Exhibit31.1*
            
            Certification
      of David Wallace, Chief Executive Officer ofEcoland
      International, Inc.,
      pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the
      Sarbanes-Oxley Act of 2002.31.2*
            
            Certification
      of David Wallace, Chief Financial Officer ofEcoland
      International, Inc.,
      pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the
      Sarbanes-Oxley Act of 2002.32.1*
            
            Certification
      of David Wallace, Chief Executive Officer ofEcoland
      International, Inc.,
      pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the
      Sarbanes-Oxley Act of 2002.32.2*
            
            Certification
      of David Wallace, Chief Financial Officer ofEcoland
      International, Inc.,
      pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the
      Sarbanes-Oxley Act of 2002.





* Filed
herewith.





SIGNATURES




In
accordance with the requirements of the Exchange Act, the Registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.





ECOLAND INTERNATIONAL, Inc.Dated:
      January 14, 2008.By
            /s/
      David WallaceDavid Wallace, Chief Executive OfficerBy
            /s/
      David WallaceDavid Wallace, Chief Financial Officer




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