SECURITIES
AND EXCHANGE COMMISSION


WASHINGTON,
D.C. 20549





FORM
10-Q




(Mark
One)




x
                QUARTERLY
      REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the quarterly period ended November 30,
  2010




or




 ̈
                TRANSITION
      REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934For
      the transition period from _______________ to
      _______________.




Commission
File No. 000-53006




ECOLAND
      INTERNATIONAL, INC.(Exact
      name of issuer as specified in its charter)Nevada
            20-3061959(State
      or other jurisdiction of incorporation or organization)
            (I.R.S.
      Employer Identification No.)4909
      W. Joshua Blvd., Suite 1059, Chandler, Arizona
            85226(Address
      of principal executive offices)
            (Zip
      Code)Registrant’s
      telephone number, including area code: (602)
  882-8771




Indicate
by check mark if the registrant (1) has filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or 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  ̈




Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.  See the definitions of “large accelerated filer,”
“accelerated filer” and “smaller reporting company” in Rule 12b-2 of the
Exchange Act.




Large
      accelerated filer  ̈
            Accelerated
      filer  ̈Non-accelerated
      filer  ̈ (Do
      not check if a smaller reporting company)
            Smaller
      reporting company x




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




Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock as of   November 30, 2010:  88,650,000 shares of
common stock, with a par value of $.001 per share.







PART
I


Financial
Information




Item 1.
              Financial
      Statements.




ECOLAND
INTERNATIONAL, INCORPORATED


FINANCIAL
STATEMENTS


November
30, 2010




Page
Intentionally Left Blank









ECOLAND INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Consolidated
Balance Sheets
 
 November 30,
                        
                        
                        May 31,2010
                        
                        
                        2010(Unaudited)
                        
                        
                        (Unaudited)ASSETSCURRENT
      ASSETSCash
                        
                        $
                        1,395
                        
                        
                        $
                        38Accounts
      receivable
                        
                        
                        11,414
                        
                        
                        
                        3,508Inventory
                        
                        
                        1,924
                        
                        
                        
                        3,705Total
      current assets
                        
                        
                        14,733
                        
                        
                        
                        7,251TOTAL
      ASSETS
                        
                        $
                        14,733
                        
                        
                        $
                        7,251LIABILITIES AND STOCKHOLDERS'
      DEFICITCURRENT
      LIABILITIESAccounts
      payable and accrued liabilities
                        
                        $
                        76,201
                        
                        
                        $
                        71,502Notes
      payable
                        
                        
                        291,063
                        
                        
                        
                        242,198Notes
      payable - related parties
                        
                        
                        231,363
                        
                        
                        
                        161,560Total
      current liabilities
                        
                        
                        598,627
                        
                        
                        
                        475,260STOCKHOLDERS'
      EQUITY (DEFICIT)Series
      A, Preferred stock; 100 shares authorized, at $0.001 per share, -0- shares
      issued and outstanding
                        
                        
                        -
                        
                        
                        
                        -Series
      B, Preferred stock; 1,000,000 shares authorized, at $0.001 per share, -0-
      shares issued and outstanding
                        
                        
                        -
                        
                        
                        
                        -Common
      stock; 500,000,000 shares authorized, at $0.001 par value, 88,650,000 and
      78,650,000 shares issued and outstanding at November 30, 2010 and May 31,
      2010, respectively
                        
                        
                        88,650
                        
                        
                        
                        78,650Additional
      paid-in capital
                        
                        
                        256,850
                        
                        
                        
                        166,850Subscription
      Receivable
                        
                        
                        (100,000
                        )
                        
                        
                        0Accumulated
      other comprehensive loss
                        
                        
                        (15,562
                        )
                        
                        
                        (3,674
                        )Deficit
      accumulated during the development stage
                        
                        
                        (813,832
                        )
                        
                        
                        (709,835
                        )Total
      stockholders' deficit
                        
                        
                        (583,894
                        )
                        
                        
                        (468,009
                        )TOTAL
      LIABILITIES AND STOCKHOLDERS' DEFICIT
                        
                        $
                        14,733
                        
                        
                        $
                        7,251
 
 The
accompanying notes are an integral part of these consolidated financial
statements.
  
 
 ECOLAND
INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 ( A
Development Stage Company)
 Consolidated
Statements of Operations
 
 From inceptionon April 15,For the Three Months Ended
                        
                        
                        For the Six Months Ended
                        
                        
                        2005 ThroughNovember 30,
                        
                        
                        November 30,
                        
                        
                        November 30,2010
                        
                        
                        2009
                        
                        
                        2010
                        
                        
                        2009
                        
                        
                        2010REVENUES
                        
                        $
                        11,786
                        
                        
                        $
                        4,528
                        
                        
                        $
                        11,786
                        
                        
                        $
                        4,528
                        
                        
                        $
                        76,072COST
      OF GOODS SOLD
                        
                        
                        6,427
                        
                        
                        
                        - 2,365
                        
                        
                        
                        6,427
                        
                        
                        
                        2,366
                        
                        
                        
                        53,825GROSS
      PROFIT
                        
                        
                        5,359
                        
                        
                        
                        2,163
                        
                        
                        
                        5,359
                        
                        
                        
                        2,162
                        
                        
                        
                        22,247EXPENSESDepreciation
      and amortization
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        935General
      and administrative
                        
                        
                        38,443
                        
                        
                        
                        36,857
                        
                        
                        
                        88,412
                        
                        
                        
                        72,523
                        
                        
                        
                        671,514Total
      Expenses
                        
                        
                        38,443
                        
                        
                        
                        36,857
                        
                        
                        
                        88,412
                        
                        
                        
                        72,523
                        
                        
                        
                        672,449LOSS
      FROM OPERATIONS
                        
                        
                        (33,084
                        )
                        
                        
                        (34,694
                        )
                        
                        
                        (83,053
                        )
                        
                        
                        (70,361
                        )
                        
                        
                        (650,202
                        )OTHER
      INCOME (EXPENSES)Foreign
      Currency Adjustment
                        
                        
                        (420
                        )
                        
                        
                        791
                        
                        
                        
                        -
                        
                        
                        
                        1,153
                        
                        
                        
                        3,605Interest
      expense
                        
                        
                        (11,140
                        )
                        
                        
                        (7,023
                        )
                        
                        
                        (20,944
                        )
                        
                        
                        (13,602
                        )
                        
                        
                        (167,235
                        )Total
      Other Expenses
                        
                        
                        (11,560
                        )
                        
                        
                        (6,232
                        )
                        
                        
                        (20,944
                        )
                        
                        
                        (12,449
                        )
                        
                        
                        (163,630
                        )NET
      LOSS
                        
                        $
                        (44,644
                        )
                        
                        $
                        (40,926
                        )
                        
                        $
                        (103,997
                        )
                        
                        $
                        (82,810
                        )
                        
                        $
                        (813,832
                        )COMPREHENSIVE
      LOSSForeign
      Currency Adjustment
                        
                        
                        (5,066
                        )
                        
                        
                        (7,779
                        )
                        
                        
                        (11,888
                        )
                        
                        
                        (11,553
                        )
                        
                        
                        (15,562
                        )NET
      COMPREHENSIVE LOSS
                        
                        
                        (49,710
                        )
                        
                        
                        (48,705
                        )
                        
                        
                        (115,885
                        )
                        
                        
                        (94,363
                        )
                        
                        
                        (829,394
                        )BASIC
      LOSS PER SHARE
                        
                        $
                        (0.00
                        )
                        
                        $
                        (0.00
                        )
                        
                        $
                        (0.00
                        )
                        
                        $
                        (0.00
                        )WEIGHTED
      AVERAGE NUMBER OF SHARES OUSTANDING - BASIC
                        
                        
                        88,650,000
                        
                        
                        
                        44,650,000
                        
                        
                        
                        86,397,253
                        
                        
                        
                        44,650,000
 
 The
accompanying notes are an integral part of these consolidated financial
statements.
  
 
 ECOLAND INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Consolidated
Statements of Stockholders' Deficit
 
 Additional
                          
                          
                          Stock
                          
                          
                          
                          
                          
                          AccumulatedPreferred Stock
                          
                          
                          Common Stock
                          
                          
                          Paid-In
                          
                          
                          Subscriptions
                          
                          
                          Accumulated
                          
                          
                          Other Comp-
                          
                          
                          Total Stock-Shares
                          
                          
                          Amount
                          
                          
                          Shares
                          
                          
                          Amount
                          
                          
                          Capital
                          
                          
                          Receivable
                          
                          
                          Deficit
                          
                          
                          rehensive Income
                          
                          
                          holders defictInception
      April 15, 2005
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -Common
      shares issued for services at $0.001 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000,000
                          
                          
                          
                          20,000
                          
                          
                          
                          
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000Formation
      of sub
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          15
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          15Net
      loss May 31, 2005
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          (29,128
                          )
                          
                          
                          
                          
                          
                          
                          (29,128
                          )Balance,
      May 31, 2005
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          20,000,000
                          
                          
                          
                          20,000
                          
                          
                          
                          15
                          
                          
                          
                          -
                          
                          
                          
                          (29,128
                          )
                          
                          
                          -
                          
                          
                          
                          (9,113
                          )Common
      shares issued for services at $0.001 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000,000
                          
                          
                          
                          20,000
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000Common
      shares issued for cash at $0.02 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          4,000,000
                          
                          
                          
                          4,000
                          
                          
                          
                          76,000
                          
                          
                          
                          (20,000
                          )
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          60,000Common
      shares issued for services at $0.02 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          650,000
                          
                          
                          
                          650
                          
                          
                          
                          12,350
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          13,000Net
      loss for the year ended
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          (88,433
                          )
                          
                          
                          -
                          
                          
                          
                          (88,433
                          )May
      31, 2006Balance,
      May 31, 2006
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          44,650,000
                          
                          
                          
                          44,650
                          
                          
                          
                          88,365
                          
                          
                          
                          (20,000
                          )
                          
                          
                          (117,561
                          )
                          
                          
                          -
                          
                          
                          
                          (4,546
                          )Receipt
      of cash on subscriptions receivable
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          20,000Net
      loss for the year endedMay
      31, 2007
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (157,774
                          )
                          
                          
                          -
                          
                          
                          
                          (157,774
                          )Balance,
      May 31, 2007
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          44,650,000
                          
                          
                          
                          44,650
                          
                          
                          
                          88,365
                          
                          
                          
                          -
                          
                          
                          
                          (275,335
                          )
                          
                          
                          -
                          
                          
                          
                          (142,320
                          )Services
      contributed by officers and directors
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          2,485
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          2,485Net
      loss for the year endedMay
      31, 2008
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (76,171
                          )
                          
                          
                          -
                          
                          
                          
                          (76,171
                          )Balance,
      May 31, 2008
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          44,650,000
                          
                          
                          $
                          44,650
                          
                          
                          $
                          90,850
                          
                          
                          $
                          -
                          
                          
                          $
                          (351,506
                          )
                          
                          $
                          -
                          
                          
                          $
                          (216,006
                          )Foreign
      exchange adjustments
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          1,496
                          
                          
                          
                          1,496Net
      loss for the year endedMay
      31, 2009
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (114,151
                          )
                          
                          
                          -
                          
                          
                          
                          (114,151
                          )Balance,
      May 31, 2009
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          44,650,000
                          
                          
                          $
                          44,650
                          
                          
                          $
                          90,850
                          
                          
                          $
                          -
                          
                          
                          $
                          (465,657
                          )
                          
                          $
                          1,496
                          
                          
                          $
                          (328,661
                          )Common
      shares issued for Notes Payable at $0.005 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          18,000,000
                          
                          
                          
                          18,000
                          
                          
                          
                          72,000
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          90,000Common
      shares issued for services at $0.002 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          4,000,000
                          
                          
                          
                          4,000
                          
                          
                          
                          4,000
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          8,000Common
      shares issued for services at $0.001 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          12,000,000
                          
                          
                          
                          12,000
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          12,000Foreign
      exchange adjustments
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          (5,170
                          )
                          
                          
                          (5,170
                          )Net
      loss for the year endedMay
      31, 2010
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (244,178
                          )
                          
                          
                          -
                          
                          
                          
                          (244,178
                          )Balance,
      May 31, 2010
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          78,650,000
                          
                          
                          
                          78,650
                          
                          
                          
                          166,850
                          
                          
                          
                          -
                          
                          
                          
                          (709,835
                          )
                          
                          
                          (3,674
                          )
                          
                          
                          (468,009
                          )Common
      shares issued for cash at $0.01 per share
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          10,000,000
                          
                          
                          
                          10,000
                          
                          
                          
                          90,000
                          
                          
                          
                          (100,000
                          )
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -Foreign
      exchange adjustments
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          
                          (11,888
                          )
                          
                          
                          (11,888
                          )Net
      loss for the Quarter endedNovember
      31, 2010
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          (103,997
                          )
                          
                          
                          -
                          
                          
                          
                          (103,997
                          )Balance,
      November 30, 2010
                          
                          
                          -
                          
                          
                          
                          -
                          
                          
                          
                          88,650,000
                          
                          
                          
                          88,650
                          
                          
                          
                          256,850
                          
                          
                          
                          (100,000
                          )
                          
                          
                          (813,832
                          )
                          
                          
                          (15,562
                          )
                          
                          
                          (583,894
                          )
 
 The
accompanying notes are an integral part of these consolidated financial
statements.
  
 
 ECOLAND
INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Consolidated
Statements of Cash Flows
 
 From inceptionon April 15,For the 6 Months Ending
                        
                        
                        2005 ThroughNovember 30.
                        
                        
                        November 30,2010
                        
                        
                        2009
                        
                        
                        2010CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      loss
                        
                        $
                        (103,997
                        )
                        
                        $
                        (82,810
                        )
                        
                        $
                        (813,832
                        )Adjustments
      to reconcile net loss to net cash used by operating
      activities:Depreciation
      and amortization
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        1,525Common
      stock issued for notes payable
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        90,000Common
      stock issued for Services
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        73,000Services
      contributed by officer
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        
                        2,485Accrued
      services by officers and directors
                        
                        
                        69,803
                        
                        
                        
                        69,802
                        
                        
                        
                        231,363Changes
      in operating assets and liabilitiesIncrease
      in accounts receivable
                        
                        
                        (7,906
                        )
                        
                        
                        989
                        
                        
                        
                        (11,414
                        )Decrease
      in inventory
                        
                        
                        1,781
                        
                        
                        
                        (1,316
                        )
                        
                        
                        (1,924
                        )Increase
      in accounts payable and accrued expenses
                        
                        
                        4,699
                        
                        
                        
                        3,405
                        
                        
                        
                        76,201Net
      cash used by operating activities
                        
                        
                        (35,620
                        )
                        
                        
                        (9,930
                        )
                        
                        
                        (352,596
                        )CASH
      FLOWS FROM INVESTING ACTIVITIESPurchase
      of fixed assets
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        (1,525
                        )Net
      cash used by investing activities
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        (1,525
                        )CASH
      FLOWS FROM FINANCING ACTIVITIESCommmon
      stock issued for cash
                        
                        
                        -
                        
                        
                        
                        -
                        
                        
                        
                        80,015Proceeds
      from issuance of notes payable
                        
                        
                        48,865
                        
                        
                        
                        24,690
                        
                        
                        
                        291,063Net
      cash provided by financing activities
                        
                        
                        48,865
                        
                        
                        
                        24,690
                        
                        
                        
                        371,078EFFECT
      OF EXHANGE RATE CHANGES ON CASH
                        
                        
                        (11,888
                        )
                        
                        
                        (11,553
                        )
                        
                        
                        (15,562
                        )NET
      INCREASE IN CASH
                        
                        
                        13,245
                        
                        
                        
                        14,760
                        
                        
                        
                        16,957CASH
      AT BEGINNING OF PERIOD
                        
                        
                        38
                        
                        
                        
                        162
                        
                        
                        
                        -CASH
      AT END OF PERIOD
                        
                        $
                        1,395
                        
                        
                        $
                        3,369
                        
                        
                        $
                        1,395SUPPLIMENTAL
      INFORMATIONCash
      paid for:Income
      taxes
                        
                        $
                        -
                        
                        
                        $
                        -
                        
                        
                        $
                        -Interest
                        
                        $
                        -
                        
                        
                        $
                        -
                        
                        
                        $
                        -
 
 The
accompanying notes are an integral part of these consolidated financial
statements.


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 through Guano Distributors, Pty. The
Company was then incorporated in the State of Nevada on June 24, 2005 as Guano
Distributors, Inc. which Guano Distributors Pty, was consolidated as a wholly
owned subsidiary. 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. On July 2010 the Company designation term to a portion of the
authorized preferred shares, see Note 5 for detail.
 
 The
Company is currently in the process of formulating business and strategic plans
to process, package and market the guano worldwide from the deposits in Angola
and Mozambique.
 
 The
Company has not achieved significant revenues and is a development stage company
in accordance with FASB ASC 915 “Development Stage Entities.”
  Basis
of presentation
  The
financial statements of the Company have been prepared in accordance with
accounting principles generally accepted in the United States of America
applicable to development stage enterprises, and are expressed in U.S. dollars.
The Company’s fiscal year end is May 31. In the opinion of management, all
adjustments, consisting of normal recurring accruals considered necessary for a
fair presentation, have been included. Operating results for the three and six
months ended November 30, 2010 are not necessarily indicative of the results
that may be expected for the year ending May 31, 2011. Please note the Company
intends to amend the Form 10K due to SEC correspondence related to the
revocation of licences of our former auditor.  As such the May 31,
2010 financial may not be relied upon.
  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 November 30, 2010. The respective
carrying value of certain on-balance-sheet financial instruments approximated
their fair values. These financial instruments include cash and payables. 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.
 
 
  ECOLAND
INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Notes
to the Consolidated Financial Statements
 
 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.
 
 Foreign
Currency Adjustment
 
 The
financial position and results of operations of the Company’s foreign
subsidiary, Guano Distributors, Inc., is measured using the foreign subsidiary’s
local currency as the functional currency.  Revenues and expenses of the
subsidiary have been translated into U.S. dollars at average exchange rates
prevailing during the period.  Assets and liabilities have been translated
at the rates of exchange on the balance sheet date.  The resulting
translation gain and loss adjustments are recorded as a separate component of
stockholders’ equity, unless there is a sale or complete liquidation of the
underlying foreign investments.
 
 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.
  Net Income Per
Share
 
 FASB ASC
260, “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
 
 Revenue
from product sales is recognized when shipped, FOB shipping point and accepted
by the customer without right of return. Shipping and handling charges billed to
customers are included in net sales, and shipping and handling costs incurred by
the Company are included in cost of goods sold.
 
 Concentrations
 
 For the
six months period ended November 30, 2010 and 2009, two customers accounted for
99% of sales.  As of November 30, 2010 and 2009, two customers
accounted for 99% of the accounts receivable balance.
 
 
  ECOLAND
INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Notes
to the Consolidated Financial Statements
 
 Advertising
 
 The
Company has incurred no advertising costs since inception. At such time the
Company commences advertising activities; such costs will be expensed as
incurred.
 
 Recently Issued Accounting
Pronouncements
  In April
2010, the FASB issued ASU No. 2010-17, "Revenue Recognition - Milestone Method
(Topic 605): Milestone Method of Revenue Recognition" (codified within ASC 605 -
Revenue Recognition). ASU 2010-17 provides guidance on defining a milestone and
determining when it may be appropriate to apply the milestone method of revenue
recognition for research or development transactions. ASU 2010-17 is effective
for interim and annual periods beginning after June 15, 2010. The adoption of
ASU 2010-17 is not expected to have any material impact on our consolidated
financial position, results of operations or cash flows.
  In May
2010, the FASB (Financial Accounting Standards Board) issued Accounting
Standards Update 2010-19 (ASU 2010-19), Foreign Currency (Topic 830): Foreign
Currency Issues: Multiple Foreign Currency Exchange Rates. The amendments in
this Update are effective as of the announcement date of March 18, 2010. The
Company does not expect the provisions of ASU 2010-19 to have a material effect
on the Company's consolidated financial position, results of operations or cash
flows of the Company.
  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. At
November 30, 2010, the Company has accumulated losses of $813,832 since its
inception and expects to incur further losses in the development of its
business, all of which casts substantial doubt about the Company’s ability to
continue as a going concern.
 
 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
relating to the recoverability and classification of recorded asset amounts or
amounts and classification of liabilities that might result from the
outcome.
 
 
  ECOLAND
INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Notes
to the Consolidated Financial Statements
 
 NOTE 3 -
NOTES PAYABLE
 
 At
November 30, 2010 the Company had notes payable and accrued interest totaling
$291,063. Included in this amount are four separate notes payable to unrelated
entities totaling $133,519. The notes are due on demand and accrue interest at a
rate of 8.0% per annum.  Also included under our wholly owned
subsidiary are notes payables due to four unrelated entities totaling
$157,544.  The notes are unsecured, due on demand and accrue interest
at a rate of 10.5% per annum.  Interest expense for the three and six
month ended November 30, 2010 was $7,375 and $12,718, respectively. The interest
expense for three and six months ended November 30, 2009 was $4,953 and $9,453,
respectively.
 
 NOTE 4 -
NOTES PAYABLE - RELATED PARTIES
 
 At
November 30, 2010, the Company had notes payable and accrued interest of
$231,363. These notes are payable to the officer and director of the Company.
Each note is due on demand and accrues interest at a rate ranging from 8.0% to
10.5% per annum.  Interest expense for the three and six month ended
November 30, 2010 was $3,765 and $8,226. respectively. The interest expense for
three and six months ended November 30, 2009 was $2,070 and $4,149,
respectively.
 
 Note 5 –
CAPITAL STRUCTURE
  As of
November 30, 2010, the company’s capital structure consisted of common shares
and Series A and B preferred shares.
  There
were 500,000,000 common shares authorized with a par value of $0.001 and
88,650,000 and 44,650,000 shares outstanding as of November 30, 2010 and May 31,
2010 respectively.
  On July
27, 2010, the Company created 100 Series A preferred shares with a par value of
$0.001. No Series A shares were issued during the period.  Each share
of Series A Preferred Stock is convertible on a one-for-one basis into common
stock and has all of the voting rights that the holders of our common stock
have.  In addition, the holders of a majority of the shares of Series
A Preferred Stock represented at a duly called special or annual meeting of such
shareholders or by an action by written consent for that purpose shall be
entitled to elect three (3) directors (the “Series A Directors”).  The
holders of the Series A Preferred Stock may waive their rights to elect such
three (3) directors at any time and assign such right to the board of directors
to elect such directors; and (b) the holders of a majority of the shares of
common stock represented at a duly called special or annual meeting of such
shareholders or by an action by written consent for that purpose shall be
entitled to elect two (2)directors. As of
November 30, 2010, there were no outstanding Series A preferred
shares.
 
 On July
27, 2010, the Company created 1,000,000 Series B preferred shares with a par
value of $0.001. No Series B shares were issued during the period. The Series B
Preferred Stock shall vote or act by written consent together with the common
stock and not as a separate class.  Each share of Series B Preferred
Stock shall have that number of votes equal to five thousand (5,000) shares of
common stock at any special or annual meeting of the stockholders of the Company
and in any act by written consent in lieu of any special or annual meeting of
the stockholders of the Company.  In the case the Company shall at any
time subdivide (by any share split, share dividend or otherwise) its outstanding
shares of common stock into a greater number of shares, the number of shares of
common stock of which are equal in voting power to each share of Series B
Preferred Stock, as in effect immediately prior to such subdivision, shall be
proportionately increased and, conversely, in case the outstanding common stock
shall be combined into a smaller number of shares, the number of shares of
common stock of which are equal in voting power to each share of Series B
Preferred Stock, as in effect immediately prior to such combination, shall be
proportionately reduced. As of November 30, 2010, there were no outstanding
Series B preferred shares.
  
  ECOLAND
INTERNATIONAL, INC.
 (Formerly
Guano Distributors, Inc.)
 (A
Development Stage Company)
 Notes
to the Consolidated Financial Statements
 
 On July
12, 2010, the Company entered into subscription agreements with two unrelated
entities to purchase shares of the Company’s common stock at $0.01 per
share.  The Company has issued a total of 10,000,000 shares and has
recorded a subscription receivable for the funds receivable.
 
 Note 6 –
SUBSEQUENT EVENTS
 
 On
December 28, 2010, the Company received $53,000 of the $100,000 receivable under
the subscription receivable balance.







Item 2.
            Management's Discussion And
      Analysis Or Plan Of
Operation.




Cautionary
Statement Concerning Forward-Looking Statements




This
report on Form 10-Q 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, 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, 2010 and the three and six months ended November 30,
2009. The following discussion should be read in conjunction with our financial
statements and the notes thereto included herewith.




Three
Months Period Ended November 30, 2010 as Compared to Three Months Ended November
30, 2009.




Results
of Operations




Net
Revenue




During
the three months ended November 30, 2010, we generated $11,786 in sales
revenues, as compared to $4,528 for the three-month period ended November 30,
2009.  Net revenues continue to fluctuate as Ecoland seeks to
establish a customer base that can provide suitable volumes of
business.  To date we have concentrated on establishing the viability
of the market for guano as a fertilizer and now seek to find distributors
capable of handling a higher volume of sales.    The Company
continues to market the Guano and to search for established distributors in the
United Kingdom, Europe and U.S.A. The higher level of sales are due to a timing
difference as there were no sales in the first quarter.




Cost
of Sales




Cost of
sales for the three-month period ended November 30, 2010 was $6,427, compared to
$2,365 for the three-month period ended November 30, 2009.




Gross
Profit




The gross
profit for the three-month period ended November 30, 2010, was $5,359, compared
to $2,163 for the three-month period ended November 30,
2009.









General,
Administrative and Selling Expenses




We
incurred general and administrative costs of $38,443 for the three-month period
ended November 30, 2010 as compared to $36,857 for the three-month period ended
November 30, 200.  General and administrative expenses in the current
period are marginally higher than  the same quarter last
year.




Net
Income (Loss)




We had a
loss before taxes of $44,644 for the three month period ended November 30, 2010,
as compared to a loss before taxes of $40,926 for the three month period ended
November 30, 2009.  The loss before taxes in the period ending
November 30, 2010 was impacted by an interest expense of $11,140 compared to
$7,023 for the three-month period ended November 30, 2009. The interest expense
has increased in line with the increased borrowings of the Company.





Basic
and Diluted Income (Loss) Per Share




Our basic
(loss per share for the three month period ended November 30, 2010 was $(0.00),
compared a loss per share of ($0.00) during the corresponding period ended
November 30, 2009.




Six
Months Period Ended November 30, 2010 as Compared to Six Months Ended November
30, 2009.




Results
of Operations




Net
Revenue




During
the six months ended November 30, 2010, we generated $11,786 in sales revenues,
as compared to $4,528 for the six-month period ended November 30,
2009.  Net revenues continue to fluctuate as Ecoland seeks to
establish a customer base that can provide suitable volumes of
business.  To date we have concentrated on establishing the viability
of the market for guano as a fertilizer and now seek to find distributors
capable of handling a higher volume of sales.   The Company
continues to market the Guano and to search for established distributors in the
United Kingdom, Europe and U.S.A.




Cost
of Sales




Cost of
sales for the six month period ended November 30, 2010 was $6,427, compared to
$2,366 for the six month period ended November 30,
2009.




Gross
Profit




The gross
profit for the six-month period ended November 30, 2010, was $5,359, compared to
$2,162 for the six-month period ended November 30, 2009.  The decrease
in gross profit percentage can be attributed to the appreciation of the South
African Rand against other currencies.





General,
Administrative and Selling Expenses




We
incurred general and administrative costs of $88,412 for the six-month period
ended November 30, 2010 as compared to $72,523 for the six-month period ended
November 30, 2009.  General and administrative expenses in the six
month period have increased through higher employment costs and professional
fees incurred in having the company listed on the OTC BB.




Net
Income (Loss)




We had a
loss before taxes of $103,997 for the six month period ended November 30, 2010,
as compared to a loss before taxes of $82,810 for the six month period ended
November 30, 2009.  The loss before taxes in the period ending
November 30, 2010 was impacted by an interest expense of $20,944 compared to
$13,602 for the six-month period ended November 30, 2009 reflecting a higher
level of borrowings.







Basic
and Diluted Income (Loss) Per Share




Our basic
and diluted income (loss) per share for the six month period ended November 30,
2010 was $(0.00), compared a loss per share of ($0.00) during the corresponding
period ended November 30, 2009.




Liquidity
and Capital Resources




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 $598,627 in current liabilities.  Additionally, we
estimate that we will need approximately $1,000,000 to expand operations through
the end of the fiscal years 2012.  These operating costs include
general and administrative expenses and the deployment of
inventory.  We have raised funds through the sale of our common stock,
although no shares were sold during the three months ended November 30,
2010.




Item 3.
            Quantitative and Qualitative
      Disclosures About Market
Risk.




Not
applicable.




Item 4.
            Controls and
      Procedures.




See Item
4(T) below.




Item 4(T).
            Controls and
      Procedures.




The term
disclosure controls and procedures means controls and other procedures of an
issuer that are designed to ensure that information required to be disclosed by
the issuer in the reports that it files or submits under the Exchange Act (15
U.S.C. 78a, et seq.) is
recorded, processed, summarized and reported, within the time periods specified
in the Commission’s rules and forms.  Disclosure controls and
procedures include, without limitation, controls and procedures designed to
ensure that information required to be disclosed by an issuer in the reports
that it files or submits under the Exchange Act is accumulated and communicated
to the issuer’s management, including its principal executive and principal
financial officers, or persons performing similar functions, as appropriate to
allow timely decisions regarding required disclosure.




The term
internal control over financial reporting is defined as a process designed by,
or under the supervision of, the issuer’s principal executive and principal
financial officers, or persons performing similar functions, and effected by the
issuer’s board of directors, management and other personnel, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles and includes those policies and
procedures that:




·
            Pertain to the maintenance of
      records that in reasonable detail accurately and fairly reflect the
      transactions and dispositions of the assets of the
      issuer;




·
            Provide reasonable assurance that
      transactions are recorded as necessary to permit preparation of financial
      statements in accordance with generally accepted accounting principles,
      and that receipts and expenditures of the issuer are being made only in
      accordance with authorizations of management and directors of the issuer;
      and




·
            Provide reasonable assurance
      regarding prevention or timely detection of unauthorized acquisition, use
      or disposition of the issuer’s assets that could have a material effect on
      the financial statements.









Our
management, including our chief executive officer and chief financial officer,
does not expect that our disclosure controls and procedures or our internal
controls over financial reporting will prevent all error and all
fraud.  A control system, no matter how well conceived and operated,
can provide only reasonable, not absolute, assurance that the objectives of the
control system are met.  Further, the design of a control system must
reflect the fact that there are resource constraints, and the benefits of
controls must be considered relative to their costs.  Because of
inherent limitations in all control systems, internal control over financial
reporting may not prevent or detect misstatements, and no evaluation of controls
can provide absolute assurance that all control issues and instances of fraud,
if any, within the registrant have been detected.  Also, projections
of any evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may
deteriorate.




Evaluation of Disclosure and
Controls and Procedures.  Our management is responsible for
establishing and maintaining adequate internal control over financial reporting
as defined in Rule 13a-15(f) under the Exchange Act.  Our internal
control over financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with accounting
principles generally accepted in the United States.  We carried out an
evaluation, under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as of the end of the period covered by this report.  The
evaluation was undertaken in consultation with our accounting
personnel.  Based on that evaluation, our chief executive officer and
chief financial officer concluded that our disclosure controls and procedures
are currently effective to ensure that information required to be disclosed by
us in the reports that we file or submit under the Exchange Act is recorded,
processed, summarized and reported within the time periods specified in the
SEC’s rules and forms.  As we develop new business or if we engage in
an extraordinary transaction, we will review our disclosure controls and
procedures and make sure that they remain adequate.




Changes in Internal Controls over
Financial Reporting.  There were no changes in the internal
controls over our financial reporting that occurred during the period covered by
this report that have materially affected, or are reasonably likely to
materially affect, our internal control over financial reporting.




This
report does not include an attestation report of the registrant’s registered
public accounting firm regarding internal control over financial
reporting.  Management’s report was not subject to attestation by the
registrant’s registered public accounting firm pursuant to temporary rules of
the Securities and Exchange Commission that permit the registrant to provide
only management’s report in this report.




PART
II


Other
Information




Item 1.
            Legal
      Proceedings.




None.




Item 1A.
            Risk
    Factors.




There has
been no material change to the risk factors since the year end May 31, 2010 and
filed with the 10-K for that period.










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.




None.




Item 6.
            Exhibits.




Exhibit No.
            
            Identification of
Exhibit31.1*
            
            Certification
      of David Wallace, Chief Executive Officer of Ecoland 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 of Ecoland 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 of Ecoland 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 of Ecoland 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 Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.




ECOLAND
      INTERNATIONAL, INC.Date:
      January 14, 2011By
            /s/ David WallaceDavid
      Wallace, Chief Executive OfficerBy
            /s/ David WallaceDavid
      Wallace, Chief Financial Officer





Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, this
report has been signed by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.







Signature
                    
                    Title
                    
                    Date/s/
      David Wallace
                    
                    Chief
      Executive Officer, Chief
                    
                    January
      14, 2011Financial
      Officerand
      Director