**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

| x | Quarterly                Report Under Section 13 or 15(d) of the Securities Exchange Act of                1934                For the quarterly period ended August 31,                2007 |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | Transition                Report Under Section 13 or 15(d) of the Securities Exchange Act;                For the                transition period from _________ to                __________ |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**HOMELIFE,      INC.**

| **Nevada**                                     | **33-0680443**                       |
|------------------------------------------------|--------------------------------------|
| ----------------------------                   | ------------------------------------ |
| (State                or other jurisdiction of | (I.R.S.                Employee      |
| incorporation                or organization)  | Identification                No.)   |

| 1503                South Coast Drive, Suite 204, Costa Mesa, CA | 92626                     |
|------------------------------------------------------------------|---------------------------|
| ---------------------------------------------------------------- | ---------------           |
| (Address                of Principal Executive Offices)          | (Zip                Code) |

----

**HOMELIFE,      INC.**

**INDEX**

|                                                                                                                                  |                                                                              | **PAGE                  NO.** |
|---------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------|-------------------------------|
|                                                                                                                                  |                                                                              | ------------                  |
|                                                                                                                                  |                                                                              |                          |
| **PART                  I - FINANCIAL INFORMATION**                                                                                   |                                                                              |
|                                                                                                                                  |                                                                              |                          |
| Item                  1. Financial Statements                                                                                         | 1.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Consolidated                  Balance Sheet at August 31, 2007 (Unaudited)                                                            | 1.                                                                                |
|                                                                                                                                  |                                                                              |                          |
|                                                                                                                                  | Consolidated                  Statements of Operations for the three months ended |                          |
|                                                                                                                                  | August                  31, 2007 and 2006 (Unaudited)                             | 3.                            |
|                                                                                                                                  |                                                                              |                          |
| Consolidated                  Statements of Cash Flows for the three months ended                                                     |                                                                              |
|                                                                                                                                  | August                  31, 2007 and 2006 (Unaudited)                             | 4.                            |
|                                                                                                                                  |                                                                              |                          |
|                                                                                                                                  | Notes                  to Consolidated Financial Statements                       | 5.                            |
|                                                                                                                                  |                                                                              |                          |
| Item                  2. Management’s Discussion and Analysis of Financial Condition and Results                  of Operation. | 6.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  3. Controls and Procedures.                                                                                     | 8.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| **PART                  II - OTHER INFORMATION**                                                                                      | 8.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  1. Legal Proceedings.                                                                                           | 8.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  2. Changes in Securities and Use of Proceeds.                                                                   | 8.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  3. Defaults Upon Senior Securities.                                                                             | 8.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  4. Submission of Matters to a Vote of Security Holders.                                                         | 9.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  5. Other Information.                                                                                           | 9.                                                                                |
|                                                                                                                                  |                                                                              |                          |
| Item                  6. Exhibits and Reports on Form 8-K.                                                                            |                                                                              |
| (a)                                                                                                                                   | Exhibits                                                                          | 9.                            |
| (b)                                                                                                                                   | Reports                  on Form 8-K                                              | 9.                            |
|                                                                                                                                  |                                                                              |                          |
| Signatures.                                                                                                                           | 10                                                                                |
|                                                                                                                                  |                                                                              |                          |

----

**PART      I - FINANCIAL INFORMATION**

**HOMELIFE,      INC. **

**Consolidated      Balance Sheet**

**At      August 31, 2007**

**(unaudited)**

| **ASSETS**                                          |   |   |                     |
|-----------------------------------------------------|--------|--------|--------------------------|
| Current                Assets                       |   |   |                          |   |
| Cash                                                |   | $      | 5,922                    |   |
| Marketable                securities, at fair value |   |   | 900                      |   |
| Accounts                receivable, net             |   |   | 23,089                   |   |
| Prepaid                expenses and deposits        |   |   | 15,525                   |   |
| Total                Current Assets                 |   |   | 45,436                   |   |
|                                                |   |   |                     |   |
| Property                and Equipment, net          |   |   | 72                       |   |
|                                                |   |   |                     |   |
|                                                |   |   |                     |   |
| Goodwill                                            |   |   | 100,000                  |   |
|                                                |   |   |      |   |
|                                                |   |   |                     |   |
| Total                Assets                         |   | $      | 145,508                  |   |

----

**HOMELIFE,      INC. **

**Consolidated      Balance Sheet (Continued)**

**At      August 31, 2007**

**(unaudited)**

| **LIABILITIES                AND STOCKHOLDERS’ DEFICIT**   |   |   |       |
|------------------------------------------------------------------|--------|--------|------------|
| Current                Liabilities                               |   |   |            |   |
|                                                             |   |   |       |   |
| Bank                indebtedness                                 |   | $      | 96,501     |   |
| Accounts                payable                                  |   |   | 230,287    |   |
| Reserve                for warranty                              |   |   | 33,578     |   |
| Deferred                revenue                                  |   |   | 19,606     |   |
| Total                Current Liabilities                         |   |   | 379,972    |   |
|                                                             |   |   |       |   |
| Other                Liabilities                                 |   |   |       |   |
|                                                             |   |   |       |   |
| Due                to Stockholder                                |   |   | 441,606    |   |
|                                                             |   |   |       |   |
| Total                Liabilities                                 |   |   | 821,578    |   |
|                                                             |   |   |       |   |
| Minority                Interest                                 |   |   | 20,843     |   |
|                                                             |   |   |       |   |
| Stockholders’                Deficit                       |   |   |       |   |
|                                                             |   |   |       |   |
| Capital                Stock                                     |   |   | 1,037,372  |   |
|                                                             |   |   |       |   |
| Additional                Paid in Capital                        |   |   | 3,731,741  |   |
|                                                             |   |   |       |   |
| Accumulated                Other Comprehensive Loss              |   |   | (1,747     | ) |
|                                                             |   |   |       |   |
| Accumulated                Deficit                               |   |   | (5,464,279 | ) |
|                                                             |   |   |       |   |
| Total                Stockholders’ Deficit                 |   |   | (696,913   | ) |
|                                                             |   |   |       |   |
| Total                Liabilities and Stockholders’ Deficit |   | $      | 145,508    |   |

----

**HOMELIFE,      INC. **

**Consolidated      Statements of Operations**

**Three      months ended August 31, 2007**
**and      2006**

**(unaudited)**

|                                            |   |  2007  |       | 2006   |   |
|-------------------------------------------------|--------|------------------|------------|--------|--------|
| **REVENUE**                                     |   |             |            |   |   |   |   |
|                                            |   |             |       |   |   |   |   |
| Royalty                and franchise fees       |   | $                | 93,300     |   | $      | 91,585 |   |
| Warranty                fees                    |   |             | 13,361     |   |   | 23,066 |   |
| Other                income                     |   |             | 8,464      |   |   | 3,269 |   |
|                                            |   |             |       |   |   |   |   |
| Total                Revenue                    |   |             | 115,125    |   |   | 117,920 |   |
|                                            |   |             |       |   |   |   |   |
| **DIRECT                COSTS**                 |   |             | 4,475      |   |   | 9,155 |   |
|                                            |   |             |       |   |   |   |   |
| **GROSS                PROFIT**                 |   |             | 110,650    |   |   | 108,765 |   |
|                                            |   |             |       |   |   |   |   |
| **EXPENSES**                                    |   |             |       |   |   |   |   |
|                                            |   |             |       |   |   |   |   |
| Salaries                and fringe benefits     |   |             | 51,360     |   |   | 42,866 |   |
| General                and administrative       |   |             | 135,112    |   |   | 55,690 |   |
| Occupancy                                       |   |             | 11,919     |   |   | 12,244 |   |
| Financial                                       |   |             | 11,477     |   |   | 5,188 |   |
| Depreciation                                    |   |             | -          |   |   | 1,865 |   |
| Amortization                                    |   |             | 1,000      |   |   | 12,963 |   |
|                                            |   |             |       |   |   |   |   |
| Total                Expenses                   |   |             | 210,868    |   |   | 130,816 |   |
|                                            |   |             |       |   |   |   |   |
|                                            |   |             |       |   |   |   |   |
| **NET                LOSS**                     |   |             | (100,218   | )      |   | (22,051 | ) |
|                                            |   |             |       |   |   |   |   |
| **BASIC                AND FULLY DILUTED LOSS** |   |             |       |   |   |   |   |
| **PER                  COMMON SHARE**           |   | $                | (0.01      | )      | $      | (0.00 | ) |
|                                            |   |             |       |   |   |   |   |
| **WEIGHTED-AVERAGE                NUMBER OF**   |   |             |       |   |   |   |   |
| **COMMON                SHARES**                |   |             | 12,371,886 |   |   | 12,371,886 |   |

----

**HOMELIFE,      INC. **

**Consolidated      Statements of Cash Flows**

**Three      months ended August 31, 2007**
**and      2006**

**(unaudited)**

|                                                                                                  |   | 2007                  |     | 2006   |   |
|-------------------------------------------------------------------------------------------------------|--------|----------------------------|----------|--------|--------|
|                                                                                                  |   |        |     |   |   |
| CASH                FLOWS FROM OPERATING ACTIVITIES                                                   |   |                       |          |   |   |   |   |
| Net                loss                                                                               |   | $                          | (100,218 | )      | $      | (22,051 | ) |
| Adjustments                to reconcile net loss to net cash from operating                activities |   |                       |     |   |   |   |   |
| Depreciation                                                                                          |   |                       | -        |   |   | 1,865 |   |
| Amortization                                                                                          |   |                       | 1,000    |   |   | 12,963 |   |
| Changes                in assets and liabilities                                                      |   |                       |     |   |   |   |   |
| Accounts                receivable                                                                    |   |                       | (680     | )      |   | (5,086 | ) |
| Accounts                payable                                                                       |   |                       | 11,075   |   |   | 22,098 |   |
| Reserve                for warranty                                                                   |   |                       | (3,923   | )      |   | (2,063 | ) |
| Deferred                revenue                                                                       |   |                       | (3,701   | )      |   | (4,380 | ) |
|                                                                                                  |   |                       |     |   |   |   |   |
| Net                Cash Flows from Operating Activities                                               |   |                       | (96,447  | )      |   | 3,346 |   |
|                                                                                                  |   |                       |     |   |   |   |   |
| CASH                FLOWS FROM INVESTING ACTIVITIES                                                   |   |                       | -        |   |   | - |   |
|                                                                                                  |   |                       |     |   |   |   |   |
|                                                                                                  |   |                       |     |   |   |   |   |
| CASH                FLOWS FROM FINANCING ACTIVITIES                                                   |   |                       |     |   |   |   |   |
| Advances                from lines of credit, net                                                     |   |                       | 4,452    |   |   | 12,853 |   |
| Due                to stockholder                                                                     |   |                       | 77,245   |   |   | 8,886 |   |
| Repayments                on note payable                                                             |   |                       | (764     | )      |   | (1,164 | ) |
| Net                Cash Flows from Financing Activities                                               |   |                       | 80,933   |   |   | 20,575 |   |
|                                                                                                  |   |                       |     |   |   |   |   |
|                                                                                                  |   |                       |     |   |   |   |   |
| NET                CHANGE IN CASH                                                                     |   |                       | (15,514  | )      |   | 23,921 |   |
| Cash,                beginning of period                                                              |   |                       | 21,436   |   |   | 53,376 |   |
|                                                                                                  |   |                       |     |   |   |   |   |
| CASH,                END OF PERIOD                                                                    |   | $                          | 5,922    |   | $      | 77,297 |   |
|                                                                                                  |   |                       |     |   |   |   |   |
|                                                                                                  |   |                       |     |   |   |   |   |
| SUPPLEMENTAL                DISCLOSURE OF CASH                                                        |   |                       |     |   |   |   |   |
| FLOW                INFORMATION                                                                       |   |                       |     |   |   |   |   |
| Interest                paid                                                                          |   | $                          | 2,250    |   | $      | 1,174 |   |
|                                                                                                  |   |                       |     |   |   |   |   |
|                                                                                                  |   |                       |     |   |   |   |   |
| Income                taxes paid                                                                      |   | $                          | -        |   | $      | - |   |

----

**HOMELIFE,      INC. **

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**Note      1. **
**MANAGEMENT’S      PLAN AND FUTURE OPERATIONS**

|   | - | attempting                to raise additional funding through private and public                offering, |
|--------|---|-----------------------------------------------------------------------------------------------------------|

|   | - | investigating                and pursuing potential                mergers/acquisitions, |
|--------|---|------------------------------------------------------------------------------------------|

|   | - | the                core business of franchising                nationwide |
|--------|---|---------------------------------------------------------------------------|

|   | - | making                efforts to reduce unnecessary operating expenses on a monthly                basis |
|--------|---|----------------------------------------------------------------------------------------------------------|

**Note      2. BASIS OF CONSOLIDATED FINANCIAL STATEMENTS PRESENTATION**

|   | The                condensed consolidated financial statements of HomeLife, Inc. and                Subsidiaries (the “Company”) included herein have been prepared by the                Company, without audit, pursuant to the rules and regulations of                the                Securities and Exchange Commission (the “SEC”). Certain information and                footnote disclosures normally included in consolidated financial                statements prepared in conjunction with generally accepted accounting                principles have been condensed or omitted pursuant to such rules                and                regulations, although the Company believes that the disclosures are                adequate to make the information presented not misleading. These                condensed                consolidated financial statements should be read in conjunction with                the                annual audited consolidated financial statements and the notes thereto                included in the Company’s Form 10-KSB Annual Report, and other reports                filed with the SEC. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The                accompanying unaudited interim consolidated financial statements                reflect                all adjustments of a normal and recurring nature which are, in the                opinion                of management, necessary to present fairly the financial position,                results                of operations and cash flows of the Company for the interim periods                presented. The results of operations for these periods are not necessarily                comparable to, or indicative of, results of any other interim period                of or                for the fiscal year taken as a whole. Certain financial information                that                is not required for interim financial reporting purposes has been                omitted. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **Reclassifications** |
|--------|-----------------------|

**Note      3. COMMITMENTS AND CONTINGENCIES**

----

**Item      2.**
**Management’s      Discussion and Analysis of Financial Condition and Results of      Operations**

**Three      Months Ended August 31, 2007 (unaudited) compared to the Three Months Ended      August 31, 2006 (unaudited).**

**Revenues**

|                                        |   | August                31, 2007 |    | August                31, 2006 |   |
|---------------------------------------------|--------|--------------------------------|---------|--------------------------------|--------|
|                                        |   |  Amount                   |    | %                              |   |  Amount |   | % |   |
| Royalty                & franchise fees |   | $                              | 93,300  |                           |   | 81 |   | $ | 91,585 |   |   | 78 |   |
| Home                warranty sales          |   |                           | 13,361  |                           |   | 12 |   |   | 23,066 |   |   | 20 |   |
| Other                                       |   |                           | 8,464   |                           |   | 7 |   |   | 3,269 |   |   | 2 |   |
| TOTAL                                       |   | $                              | 115,125 |                           |   | 100 |   | $ | 117,920 |   |   | 100 |   |

----

**Direct      Costs.**

**Salaries      and fringe benefits.**

**General      and administrative.**

**Occupancy.**

**Financial.**

**Depreciation.**

**Amortization.**

**Liquidity      and capital resources.**

**Application      of Critical Accounting Policies**

----

**Item      3. Controls and Procedures**

**PART      II - OTHER INFORMATION**

**Item      1. Legal Proceedings**

**Item      2.**
**Changes      in Securities and use of proceeds.**

**Item      3.**
**Defaults      upon senior securities**

----

**Item      4.**
**Submission      of matters to a vote of security holders.**

**Item      5.**
**Other      Information.**

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

|   | 31 | Certification                Pursuant to Section 302 of the Sarbanes-Oxley Act of                2002. |
|--------|----|--------------------------------------------------------------------------------------------------------|

|   | 32 | Certification                Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                906 of                the Sarbanes-Oxley Act of 2002. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

| By:    | /s/                Andrew Cimerman                     |   | Date:  | October                18, 2007 |
|--------|-------------------------------------------------------------|--------|--------|---------------------------------|
|   | Chief                Executive Officer, President, Director |   |   |                            |
|   |                                                        |   |   |                            |

| By:    | /s/                Andrew Cimerman                     |   | Date:  | October                18, 2007 |
|--------|-------------------------------------------------------------|--------|--------|---------------------------------|
|   | Chief                Executive Officer, President, Director |   |   |                            |

----