**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

| x | Quarterly                report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 for the quarterly period ended June 30,                2007 |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Or |
|--------|----|

|  __ | Transition                report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------|

| 000-51230                            |
|--------------------------------------|
| (Commission                File No.) |

**ACQUIRED      SALES CORP.**

| Nevada                                                                        |   | 87-0479286                                          |
|-------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (I.R.S.                Employer Identification No.) |
|                                                                          |   |                                                |
| 31                N. Suffolk Lane, Lake Forest, Illinois                      |   | 60045                                               |
| (Address                of principal executive offices)                       |   | (Zip                Code)                           |

----

**Part      I – Financial Information**

**Item      1. Financial Statements**

| **ACQUIRED                  SALES CORP.**                       |   |
|--------------------------------------------------------------------------------|--------|
| (a                  development stage enterprise)               |   |
| **Condensed                  Balance Sheets**                   |   |
| (unaudited)                                                     |   |
|                                                                           |   | June                  30, |   |   | September                  31, |   |
|                                                                           |   | 2007 |   |   | 2006 |   |
|                                                                           |   |   |   |   |   |   |
|                                                                           |   |   |   |   |   |   |
| **ASSETS**                                                                     |   |   |   |   |   |   |
| **Current                  Assets:**                                           |   |   |   |   |   |   |
| Cash                                                                           |   | $ | 91,682 |   |   | $ | 6,492 |   |
| **Total                  Assets**                                              |   | $ | 91,682 |   |   | $ | 6,492 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS'**                             |   |   |   |   |   |   |   |   |
| **DEFICIT**                                                                    |   |   |   |   |   |   |   |   |
| **Current                  Liabilities:**                                      |   |   |   |   |   |   |   |   |
| Accounts                  payable                                              |   | $ | 23,467 |   |   | $ | 8,417 |   |
| Payroll                  tax penalties and acrued interest                     |   |   | 73,410 |   |   |   | 75,202 |   |
| Payable                  to officer                                            |   |   | 230 |   |   |   | - |   |
| Note                  payable                                                  |   |   | 100,000 |   |   |   | - |   |
| Accrued                  interest on short-term note                           |   |   | 438 |   |   |   | - |   |
| **Total                  Current Liabilities**                                 |   |   | 197,545 |   |   |   | 83,619 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| **Stockholders'                  Deficit:**                                    |   |   |   |   |   |   |   |   |
| Preferred                  stock, $0.001 par value, 10,000,000 shares          |   |   |   |   |   |   |   |   |
| authorized,                  no shares issued and outstanding                  |   |   | - |   |   |   | - |   |
| Common                  stock, $0.001 par value, 50,000,000 shares             |   |   |   |   |   |   |   |   |
| authorized,                  4,665,985 shares issued and outstanding           |   |   | 4,666 |   |   |   | 4,666 |   |
| Additional                  paid-in capital                                    |   |   | 35,164 |   |   |   | 35,164 |   |
| Retained                  deficit                                              |   |   | (69,151 | ) |   |   | (69,151 | ) |
| Deficit                  accumulated during the development stage              |   |   | (76,542 | ) |   |   | (47,806 | ) |
| **Total                  Stockholders' Deficit**                               |   |   | (105,863 | ) |   |   | (77,127 | ) |
| **TOTAL                  LIABILITIES AND STOCKHOLDERS'**                       |   |   |   |   |   |   |   |   |
| **DEFICIT**                                                                    |   | $ | 91,682 |   |   | $ | 6,492 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| See                  accompanying notes to the condensed financial statements. |   |   |   |   |   |   |   |   |

----

| **ACQUIRED                  SALES CORP.**                 |   |
|---------------------------------------------------------------------------------------------------|--------|
| (a                  development stage enterprise)              |   |
| **Condensed                  Statements of Operations**        |   |
| (Unaudited)                                               |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   | For                  the period |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   | May                  27, 2004 |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   | (Date                  of Inception |   |
|                                                                                              |   | For                  the Three Months ended |   |   | For                  the nine months ended |   |   | of                  the Development |   |
|                                                                                              |   | June                  30, |   |   |   |   |   | June                  30, |   |   |   |   |   | Stage)                  through |   |
|                                                                                              |   | 2007 |   |   | 2006 |   |   | 2007 |   |   | 2006 |   |   | June                  30, 2007 |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **EXPENSES:**                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General                  and                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| administrative                                                                                    |   | $ | 22,658 |   |   | $ | 2,445 |   |   | $ | 27,540 |   |   | $ | 14,735 |   |   | $ | 69,295 |   |
| Interest                                                                                          |   |   | - |   |   |   | 760 |   |   |   | 1,196 |   |   |   | 2,275 |   |   |   | 7,247 |   |
| **NET                  LOSS**                                                                     |   | $ | (22,658 | ) |   | $ | (3,205 | ) |   | $ | (28,736 | ) |   | $ | (17,010 | ) |   | $ | (76,542 | ) |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Basic                  and diluted**                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **loss                  per share**                                                               |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.01 | ) |   | $ | (0.00 | ) |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Weighted-average**                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **common                  shares**                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **outstanding**                                                                                   |   |   | 4,665,985 |   |   |   | 4,665,985 |   |   |   | 4,665,985 |   |   |   | 4,665,985 |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See                  accompanying notes to the condensed financial statements.                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **ACQUIRED                  SALES CORP.**                                                  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (a                  development stage enterprise)                                          |   |
| Condensed                  Statements of Stockholders' Deficit (Unaudited)            |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   | **Deficit** |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   | **Ammunulated** |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   | **Additional** |   |   |   |   |   | **During                  the** |   |   | **Total** |   |
|                                                                                                                                              |   | **Common                  Stock** |   |   |   |   |   | **Paid-in** |   |   | **Accumulated** |   |   | **Development** |   |   | **Stockholders'** |   |
|                                                                                                                                              |   | **Shares** |   |   | **Amount** |   |   | **Capital** |   |   | **Deficit** |   |   | **Stage** |   |   | **Deficit** |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance,                  May 27, 2004 (Date of**                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Inception                  of the Development**                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Stage)**                                                                                                                                        |   |   | 684,990 |   |   | $ | 685 |   |   | $ | (685 | ) |   | $ | (69,151 | ) |   | $ | - |   |   | $ | (69,151 | ) |
| Common                  stock issued for cash,                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| May                  2004, $0.001 per share                                                                                                       |   |   | 4,000,000 |   |   |   | 4,000 |   |   |   | 36,000 |   |   |   | - |   |   |   | - |   |   |   | 40,000 |   |
| Common                  stock redeemed for                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| cash,                  May 2004, $0.001                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per                  share                                                                                                                        |   |   | (19,005 | ) |   |   | (19 | ) |   |   | (171 | ) |   |   | - |   |   |   | - |   |   |   | (190 | ) |
| Net                  loss                                                                                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (23,902 | ) |   |   | (23,902 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance,                  September 30, 2004**                                                                                                  |   |   | 4,665,985 |   |   |   | 4,666 |   |   |   | 35,144 |   |   |   | (69,151 | ) |   |   | (23,902 | ) |   |   | (53,243 | ) |
| Capital                  contributed by officer                                                                                                   |   |   | - |   |   |   | - |   |   |   | 20 |   |   |   | - |   |   |   | - |   |   |   | 20 |   |
| Net                  loss                                                                                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (4,001 | ) |   |   | (4,001 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance,                  September 30, 2005**                                                                                                  |   |   | 4,665,985 |   |   |   | 4,666 |   |   |   | 35,164 |   |   |   | (69,151 | ) |   |   | (27,903 | ) |   |   | (57,224 | ) |
| Net                  loss                                                                                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (19,903 | ) |   |   | (19,903 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance,                  September 30, 2006**                                                                                                  |   |   | 4,665,985 |   |   |   | 4,666 |   |   |   | 35,164 |   |   |   | (69,151 | ) |   |   | (47,806 | ) |   |   | (77,127 | ) |
| Net                  loss                                                                                                                         |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (28,736 | ) |   |   | (28,736 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Balance,                  June 30, 2007**                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   | 4,665,985 |   |   | $ | 4,666 |   |   | $ | 35,164 |   |   | $ | (69,151 | ) |   | $ | (76,542 | ) |   | $ | (105,863 | ) |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See                  accompanying notes to the condensed financial statements.                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| **ACQUIRED                  SALES CORP.**                    |   |
|---------------------------------------------------------------------------------------|--------|
| (a                  development stage enterprise)            |   |
| **Condensed                  Statements of Cash Flows**      |   |
| (Unaudited)                                                  |   |
|                                                                                  |   |   |   |   |   |   |   | For                  the period |   |
|                                                                                  |   |   |   |   |   |   |   | May                  27, 2004 |   |
|                                                                                  |   |   |   |   |   |   |   | (Date                  of Inception |   |
|                                                                                  |   | For                  the nine months ended |   |   | of                  the Development |   |
|                                                                                  |   | June                  30, |   |   |   |   |   | Stage)                  through |   |
|                                                                                  |   | 2007 |   |   | 2006 |   |   | June                  30, 2007 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |
| **Cash                  Flows from Operating Activities:**                            |   |   |   |   |   |   |   |   |   |
| Net                  loss                                                             |   | $ | (28,736 | ) |   | $ | (17,010 | ) |   | $ | (76,542 | ) |
| Adjustments                  to reconcile net loss to net cash                        |   |   |   |   |   |   |   |   |   |   |   |   |
| used                  in operating activities:                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                  paid by capital contributed by officer                      |   |   | - |   |   |   | - |   |   |   | 20 |   |
| Changes                  in assets and liabilities:                                   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts                  payable                                                     |   |   | 15,050 |   |   |   | 6,242 |   |   |   | 23,467 |   |
| Payable                  to officer                                                   |   |   | 230 |   |   |   | - |   |   |   | 230 |   |
| Payroll                  tax penalties and accrued interest                           |   |   | (1,792 | ) |   |   | 2,275 |   |   |   | 4,259 |   |
| Accrued                  interest on note payable                                     |   |   | 438 |   |   |   | - |   |   |   | 438 |   |
| **Net                  Cash Used by Operating Activities**                            |   |   | (14,810 | ) |   |   | (8,493 | ) |   |   | (48,128 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Cash                  Flows from Financing Activities:**                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds                  from issuance of common stock                               |   |   | - |   |   |   | - |   |   |   | 40,000 |   |
| Redemption                  of common stock                                           |   |   | - |   |   |   | - |   |   |   | (190 | ) |
| Net                  proceeds from issuance of note payable                           |   |   | 100,000 |   |   |   | - |   |   |   | 100,000 |   |
| **Net                  Cash Provided by Financing Activities:**                       |   |   | 100,000 |   |   |   | - |   |   |   | 139,810 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                  Increase (Decrease) in Cash**                                  |   |   | 85,190 |   |   |   | (8,493 | ) |   |   | 91,682 |   |
| Cash                  at beginning of Period                                          |   |   | 6,492 |   |   |   | 14,985 |   |   |   | - |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| **Cash                  at End of Period**                                            |   | $ | 91,682 |   |   | $ | 6,492 |   |   | $ | 91,682 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| See                  accompanying notes to the condensed financial statements.        |   |   |   |   |   |   |   |   |   |   |   |   |

----

**ACQUIRED        SALES CORP.**

**Notes        to Condensed Financial Statements**

**Note        1: Basis of Presentation**

**Note        2: Summary of Significant Accounting Policies**

*Use        of estimates*

*Basic        and diluted loss per share*

*Business        condition*

**Note        3: Common Stock**

During        February 2006, the Company effected a reverse split of its        common stock on a 1-for-10 basis. The accompanying financial statements have        been restated on a retroactive basis to reflect the effect this reverse stock        split for all periods presented. (See Note 5).

**Note        4: Payroll Tax Penalties and Accrued Interest**

**Note        5: Note Payable**

----

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

**Results      of Operations**

**Liquidity      and Capital Resources**

**Prospective      shareholders should understand that several factors govern whether any      forward-looking statement contained herein will be or can be achieved. Any      one      of those factors could cause actual results to differ materially from those      projected herein. These forward-looking statements include plans and objectives      of management for future operations, including plans and objectives relating      to      the products and the future economic performance of the Company. Assumptions      relating to the foregoing involve judgments with respect to, among other things,      future economic, competitive and market conditions, future business decisions,      and the time and money required to successfully complete development projects,      all of which are difficult or impossible to predict accurately and many of      which      are beyond the control of the Company. Although the Company believes that the      assumptions underlying the forward-looking statements contained herein are      reasonable, any of those assumptions could prove inaccurate and, therefore,      there can be no assurance that the results contemplated in any of the      forward-looking statements contained herein will be realized. Based on actual      experience and business development, the company may alter its marketing,      capital expenditure plans or other budgets, which may in turn affect the      company’s results of operations. In light of the significant uncertainties      inherent in the forward-looking statements included therein, the inclusion      of      any such statement should not be regarded as a representation by the Company      or      any other person that the objectives or plans of the company will be      achieved.**

**Item      3.  Controls and Procedures**

**PART      II - OTHER INFORMATIO**

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

|   | **Item                6.  Exhibits and Reports on Form                8-K.** |
|--------|----------------------------------------------------------------------------------------|

|   | (a) | Exhibits                (filed with this report unless indicated                below) |
|--------|-----|----------------------------------------------------------------------------------------|

| Exhibit                31.1 | Certification                of principal executive officer pursuant to Rule 13a-14(a) of the                Securities Exchange Act of 1934, as amended, as adopted pursuant                to                Section 302 of the Sarbanes-Oxley Act of                2002 |
|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Exhibit                31.2 | Certification                of principal financial officer pursuant to Rule 13a-14(a) of the                Securities Exchange Act of 1934, as amended, as adopted pursuant                to                Section 302 of the Sarbanes-Oxley Act of                2002 |
|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Exhibit                32.1 | Certification                of principal executive officer pursuant to 18 U.S.C. Section 1350,                as                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of                2002 |
|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Exhibit                32.2 | Certification                of principal financial officer pursuant to 18 U.S.C. Section 1350,                as                adopted pursuant to Section 906 of the Sarbanes-Oxley Act of                2002 |
|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

**SIGNATURES**

**ACQUIRED      SALES CORP.**

----