**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**FORM        10-QSB**

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

**ROSEWIND        CORPORATION**

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

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

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

----

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

*-            2            -*

----

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

*-            3            -*

----

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

*-            4            -*

----

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

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

*-            5            -*

----

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

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

*-                6                -*

----

**ROSEWIND        CORPORATION**

**Notes        to the Financial Statements**

**Note        1:  Basis of Presentation**

**Note        2:  Going Concern**

*-            7            -*

----

**ROSEWIND        CORPORATION**

**Notes        to the Financial Statements**

**May        31, 2007**

**Note        3  Related Party Transactions**

*-            8            -*

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**ROSEWIND        CORPORATION**

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

**Forward-looking        statements**

*-              9              -*

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**Principal          Services and their Markets**

| ·   | 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 |
|--------------------|-----------------------------------------------------|

**Marketing          of our Service**

*-              10              -*

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**Competition**

**Intellectual          Property**

**Governmental          Regulation**

**ENVIRONMENT**

**PRODUCT          LIABILITY**

**OUR          FACILITIES**

*-              11              -*

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|  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                                       |

*-              12              -*

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*-              13              -*

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| 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 |   |

*-              14              -*

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| 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   |   |

**Financial          Condition and Results of Operation.**

**Liquidity          and Capital Resources**

*-              15              -*

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**Part          I. Item 3.  Controls and Procedures**

**Evaluation          of Disclosure Controls and Procedures**

**Changes          in Internal Controls over Financial Reporting**

**Part          2. Other Information**

*-              16              -*

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

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

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

**SIGNATURES**

|                             | **ROSEWIND                    CORPORATION**                                      (Registrant) |                                               |
|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------|
|                             |                                                                                                                                                                                    |                                               |   |
| July                    13, 2007 | By:                                                                                                                                                                                     | /s/  James                  B. Wiegand   |   |
|                             |                                                                                                                                                                                    | James                  B.                  Wiegand |   |
|                             |                                                                                                                                                                                    | President                                          |   |
|                             |                                                                                                                                                                                    |                                               |   |

*-              17              -*

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