| x | Quarterly                report pursuant to Section 13 or 15(d) of the Securities Exchange                Act of                1934 for the quarterly period ended December 31,                2007 |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

| 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)                           |

----

|                                                                                                                                                                       | Page   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Balance                  Sheets, December 31, 2007 (unaudited) and September 31,                  2007                                                                     | 1      |
|                                                                                                                                                                       |   |
| Unaudited                  Statements of Operations for the Three Months Ended December 31,                  2007 and                  2006, and for the                   |   |
|     Period                  from May 27, 2004 (Date of Inception of the Development Stage)                  through                  December 31, 2007 | 2      |
|                                                                                                                                                                       |   |
| Unaudited                  Statements of Cash Flows for the Three Months Ended December 31,                  2007 and                  2006 and for the                    |   |
|     Period                  from May 27, 2004 (Date of Inception of the Development Stage)                  through                  December 31, 2007 | 3      |
|                                                                                                                                                                       |   |
| Notes                  to Unaudited Financial Statements                                                                                                                   | 4      |
|                                                                                                                                                                       |   |
|                                                                                                                                                                       |   |

----

| ACQUIRED                  SALES                  CORP.                                 |   |                          |    |   |                           |   |
|----------------------------------------------------------------------------------------|--------|-------------------------------|---------|--------|--------------------------------|--------|
| (a                  development stage                  enterprise)                     |   |                          |    |   |                           |   |
| Balance                  Sheets                                                        |   |                          |    |   |                           |   |
|                                                                                   |   |                          |    |   |                           |   |
|                                                                                   |   | December                  31, |    |   | September                  30, |   |
|                                                                                   |   | 2007                          |    |   | 2007                           |   |
|                                                                                   |   | (unaudited)                   |    |   |                           |   |
| ASSETS                                                                                 |   |                          |    |   |                           |   |
| Current                  Assets:                                                       |   |                          |    |   |                           |   |
| Cash                                                                                   |   | $                             | 18,829  |   |                           | $      | 23,933 |   |
| Prepaid                  expense                                                       |   |                          | 125     |   |                           |   | 14,374 |   |
| TOTAL                  ASSETS                                                          |   | $                             | 18,954  |   |                           | $      | 38,307 |   |
|                                                                                   |   |                          |    |   |                           |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS'                  EQUITY                 |   |                          |    |   |                           |   |   |   |
| Current                  Liabilities:                                                  |   |                          |    |   |                           |   |   |   |
| Accounts                  payable                                                      |   | $                             | 4,788   |   |                           | $      | 3,681 |   |
| Total                  Current                  Liabilities                            |   |                          | 4,788   |   |                           |   | 3,681 |   |
|                                                                                   |   |                          |    |   |                           |   |   |   |
| Stockholders'                  Equity:                                                 |   |                          |    |   |                           |   |   |   |
| 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,                  5,832,482 shares                  issued and outstanding  |   |                          | 5,833   |   |                           |   | 5,833 |   |
| Additional                  paid-in                  capital                           |   |                          | 145,967 |   |                           |   | 145,967 |   |
| Deficit                  accumulated prior to the                  development stage   |   |                          | (69,151 | )      |                           |   | (69,151 | ) |
| Deficit                  accumulated during the                  development stage     |   |                          | (68,483 | )      |                           |   | (48,023 | ) |
| Total                  Stockholders'                  Equity                           |   |                          | 14,166  |   |                           |   | 34,626 |   |
| TOTAL                  LIABILITIES AND                  STOCKHOLDERS' EQUITY           |   | $                             | 18,954  |   |                           | $      | 38,307 |   |
|                                                                                   |   |                          |    |   |                           |   |   |   |
|                                                                                   |   |                          |    |   |                           |   |   |   |
| See                  accompanying notes to the                  financial statements.  |   |                          |    |   |                           |   |   |   |

----

| ACQUIRED                    SALES                    CORP.                                          |   |                                                             |      |   |                                                     |   |      |                                                     |   |
|-----------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------|-----------|--------|----------------------------------------------------------|--------|-----------|----------------------------------------------------------|--------|
| (a                    development stage                    enterprise)                              |   |                                                             |      |   |                                                     |   |      |                                                     |   |
| Unaudited                    Statements of                    Operations                            |   |                                                             |      |   |                                                     |   |      |                                                     |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      | For                    the                    Period     |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      | May                    27,                    2004       |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      | (Date                    of                    Inception |   |
|                                                                                                |   | For                    the Three Months                    Ended |      |   | of                    the                    Development |   |
|                                                                                                |   | December                    31,                                  |      |   |                                                     |   |      | Stage)                    through                        |   |
|                                                                                                |   | 2007                                                             |      |   | 2006                                                     |   |      | December                    31,                    2007  |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |
| EXPENSES:                                                                                           |   |                                                             |      |   |                                                     |   |      |                                                     |   |
| General                    and                    administrative                                    |   | $                                                                | (20,460   | )      |                                                     | $      | (1,272    | )                                                        |   | $ | (122,796 | ) |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| OTHER                    INCOME AND                    EXPENSE:                                     |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| Waiver                    of tax liability                    penalty                               |   |                                                             | -         |   |                                                     |   | -         |                                                     |   |   | 60,364 |   |
| Interest                    expense                                                                 |   |                                                             | -         |   |                                                     |   | (1,196    | )                                                        |   |   | (6,051 | ) |
| TOTAL                    OTHER INCOME                    (EXPENSE)                                  |   |                                                             | -         |   |                                                     |   | (1,196    | )                                                        |   |   | 54,313 |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| NET                    LOSS                                                                         |   | $                                                                | (20,460   | )      |                                                     | $      | (2,468    | )                                                        |   | $ | (68,483 | ) |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| Basic                    and Diluted Loss per                    Share                              |   | $                                                                | (0.00     | )      |                                                     | $      | (0.00     | )                                                        |   |   |   |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| Basic                    and Diluted                    Weighted-average                            |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| Common                    Shares                    Outstanding                                     |   |                                                             | 5,832,482 |   |                                                     |   | 4,665,985 |                                                     |   |   |   |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
|                                                                                                |   |                                                             |      |   |                                                     |   |      |                                                     |   |   |   |   |
| See                    accompanying notes to the                    condensed financial statements. |   |                                                             |      |   |                                                     |   |      |                                                     |   |

----

| ACQUIRED                  SALES                  CORP.                                |   |                                                         |    |   |                                                 |   |    |                                                 |   |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|---------|--------|------------------------------------------------------|--------|---------|------------------------------------------------------|--------|
| (a                  development stage                  enterprise)                    |   |                                                         |    |   |                                                 |   |    |                                                 |   |
| Unaudited                  Statements of Cash                  Flows                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    | For                  the                  Period     |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    | May                  27,                  2004       |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    | (Date                  of                  Inception |   |
|                                                                                  |   | For                  the Three Months                  Ended |    |   | of                  the                  Development |   |
|                                                                                  |   | December                  31,                                |    |   |                                                 |   |    | Stage)                  through                      |   |
|                                                                                  |   | 2007                                                         |    |   | 2006                                                 |   |    | December                  31,                  2007  |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |
| Cash                  Flows from Operating                  Activities:               |   |                                                         |    |   |                                                 |   |    |                                                 |   |
| Net                  loss                                                             |   | $                                                            | (20,460 | )      |                                                 | $      | (2,468  | )                                                    |   | $ | (68,483 | ) |
| Adjustments                  to reconcile net loss                  to net cash       |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| used                  in operating                  activities:                       |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Expenses                  paid by capital                  contributed by officer     |   |                                                         | -       |   |                                                 |   | -       |                                                 |   |   | 20 |   |
| Waiver                  of tax liability                  penalty                     |   |                                                         | -       |   |                                                 |   |    |                                                 |   |   | (60,364 | ) |
| Issuance                  of warrants for                  services                   |   |                                                         | -       |   |                                                 |   | -       |                                                 |   |   | 11,970 |   |
| Changes                  in assets and                  liabilities:                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Prepaid                  expense                                                      |   |                                                         | 14,249  |   |                                                 |   | -       |                                                 |   |   | (125 | ) |
| Accounts                  payable                                                     |   |                                                         | 1,108   |   |                                                 |   | (8,063  | )                                                    |   |   | 4,788 |   |
| Payroll                  tax penalties and accrued                  interest          |   |                                                         | -       |   |                                                 |   | 758     |                                                 |   |   | (8,787 | ) |
| Accrued                  interest on note                  payable                    |   |                                                         | -       |   |                                                 |   | 438     |                                                 |   |   | - |   |
| Net                  Cash Used by Operating                  Activities               |   |                                                         | (5,103  | )      |                                                 |   | (9,335  | )                                                    |   |   | (120,981 | ) |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Cash                  Flows from Financing                  Activities:               |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Proceeds                  from issuance of note                  payable to           |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| related                  party                                                        |   |                                                         | -       |   |                                                 |   | 100,000 |                                                 |   |   | 195,000 |   |
| Payment                  of principal on note                  payable to             |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| related                  party                                                        |   |                                                         | -       |   |                                                 |   | (95,000 | )                                                    |   |   | (95,000 | ) |
| Proceeds                  from issuance of common                  stock              |   |                                                         | -       |   |                                                 |   | -       |                                                 |   |   | 40,000 |   |
| Redemption                  of common                  stock                          |   |                                                         | -       |   |                                                 |   | -       |                                                 |   |   | (190 | ) |
| Net                  Cash Provided by Financing                  Activities:          |   |                                                         | -       |   |                                                 |   | 5,000   |                                                 |   |   | 139,810 |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Net                  Increase (Decrease) in                  Cash                     |   |                                                         | (5,103  | )      |                                                 |   | (4,335  | )                                                    |   |   | 18,829 |   |
| Cash                  at beginning of                  Period                         |   |                                                         | 23,932  |   |                                                 |   | 6,492   |                                                 |   |   | - |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Cash                  at End of                  Period                               |   | $                                                            | 18,829  |   |                                                 | $      | 2,157   |                                                 |   | $ | 18,829 |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Supplemental                  Schedule of Noncash                  Investing          |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| and                  Financing                  Transactions                          |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| Conversion                  of $100,000 note                  payable to related      |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| party                  into 1,166,497 shares of                  common stock         |   | $                                                            | -       |   |                                                 | $      | -       |                                                 |   | $ | 100,000 |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
|                                                                                  |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |
| See                  accompanying notes to the                  financial statements. |   |                                                         |    |   |                                                 |   |    |                                                 |   |   |   |   |

----

----

----

|   | 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. |
|--------|-----|-------------------------------------|

----