| Utah                                                                  |  | 87-9369569                           |
|-----------------------------------------------------------------------|--|--------------------------------------|
| (State or other jurisdiction of incorporation        or organization) |  | (IRS Employer Identification Number) |

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Item 1- Financial Statements

|   | Consolidated Balance Sheet      as of September 30, 2007                                                        |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                 |
|   | Consolidated Statements      of Operations for the three and nine months ended September 30, 2007 and      2006 |
|   |                                                                                                                 |
|   | Consolidated Statements of Cash      Flows for the six months ended September 30, 2007 and 2006                 |
|   |                                                                                                                 |
|   | Notes to Consolidated Financial Statements                                                                      |
|   |                                                                                                            |

Item 2 - Management's Discussion and Analysis or Planof Operations
Item 3- Controls and Procedures
Item 1 - Legal Proceedings
Item 2 - Changes in Securities and Use of Proceeds
Item 3 - Default 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
Signatures

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| **Current Assets**                                                                                            |   |    |
|---------------------------------------------------------------------------------------------------------------|--------|---------|
| Cash and Cash Equivalents                                                                                     | $      | 394,039 |
| Accounts receivable                                                                                           |   | 38,747  |
| Inventory                                                                                                     |   | 80,052  |
|                                                                                                          |   |    |
|             ** **Total        current assets |   | 512,838 |
|                                                                                                          |   |    |
| Equipment, net of accumulated depreciation                                                                    |   | 6,031   |
| Intangible assets, net of accumulated amortization                                                            |   | 11,328  |
|                                                                                                          |   |    |
|              **Total        assets**         | $      | 530,197 |
|                                                                                                          |   |    |
|                                                                                                          |   |    |
|                                                                                                                                |   |    |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|---------|
| **Liabilities**                                                                                                                     |   |    |
| **Current liabilities**                                                                                                             |   |    |
| Accounts payable                                                                                                                    | $      | 61,111  |
| Income taxes payable                                                                                                                |   | 91,100  |
|                                                                                                                                |   |         |
|              **Total        current liabilities**                  |   | 152,211 |
|                                                                                                                                |   |         |
| **Stockholders' equity**                                                                                                            |   |         |
| Common stock, $.001 par value, 200,000,000        shares             Authorized, 27,031,168 issued and outstanding   |   | 27,031  |
| Additional paid-in-capital                                                                                                          |   | 260,969 |
| Retained earnings                                                                                                                   |   | 89,986  |
|                                                                                                                                |   |    |
|              Total        stockholders' equity****                 |   | 377,986 |
|                                                                                                                                |   |         |
|              **Total        liabilities and stockholders' equity** | $      | 530,197 |
|                                                                                                                                |   |    |

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|                                                     |   | **NINE MONTHS** |   |   | **THREE MONTHS** |   |
|----------------------------------------------------------|--------|-----------------|--------|--------|------------------|--------|
|                                                     |   | **2007**        |        |   | **2006**         |   |   | **2007** |  |   | **2006** |   |
|                                                     |   |            |   |   |             |   |   |   |   |   |   |   |
| **Revenue, net**                                         | $      | $1,760,908      |   | $      | 423,389          |   | $ | 703,502 |  | $ | 243,512 |  |
|                                                     |   |                 |   |   |                  |   |   |   |   |   |   |   |
| **Cost of sales**                                        |   |                 |   |   |                  |   |  |  |  |  |  |  |
| Merchandise                                              |   | 299,279         |   |   | 85,847           |   |  | 148,200 |  |  | 41,619 |  |
| Other costs                                              |   | 50,254          |   |   | 13,162           |   |   | 10,831 |   |   | 9,948 |  |
|                                                     |   |                 |   |   |                  |   |   |   |   |   |   |  |
| Total cost of      sales                                 |   | 349,533         |   |   | 99,009           |   |   | 159,031 |  |   | 51,567 |  |
|                                                     |   |                 |   |   |                  |   |   |   |   |   |   |  |
| Gross margin                                             |   | 1,411,375       |   |   | 324,380          |   |  | 544,471 |  |  | 191,945 |  |
|                                                     |   |                 |   |   |                  |   |  |  |  |  |  |  |
| **Operating expenses**                                   |   |                 |   |   |                  |   |  |  |  |  |  |  |
| Advertising and promotion                                |   | 316,052         |   |   | 147,005          |   |  | 120,322 |  |  | 49,148 |  |
| Sales commissions                                        |   | 456,773         |   |   | 58,910           |   |  | 208,442 |  |  | 31,512 |  |
| General and administrative                               |   | 295,623         |   |   | 81,460           |   |   | 149,946 |  |   | 34,660 |  |
|                                                     |   |                 |   |   |                  |   |  |  |  |  |  |  |
| Total operating costs and expenses                       |   | 1,068,448       |   |   | 287,375          |   |   | 478,710 |   |   | 115,320 |  |
|                                                     |   |                 |   |   |                  |   |  |  |  |  |  |  |
| Net income (loss) before provision for income      taxes |   | 342,927         |   |   | 37,005           |   |  | 65,761 |  |  | 76,625 |   |
|                                                     |   |                 |   |   |                  |   |  |  |  |  |  |  |
| Provision for income taxes                               |   | 91,100          |   |   | -                |   |   | 10,279 |   |   | - |  |
|                                                     |   |                 |   |   |                  |   |  |  |  |  |  |  |
| Net income (loss)                                        | $      | 251,827         |   | $      | 37,005           |   | $ | 55,482 |  | $ | 76,625 |   |
|                                                     |   |            |   |   |             |   |   |   |  |   |   |  |
| Net income (loss) per share                              | $      | .009            |   | $      | .001             |   | $ | .002 |  | $ | .003 |  |
|                                                     |   |            |   |   |             |   |   |   |  |   |   |  |
| Weighted average number of shares outstanding            |   | 27,031,168      |   |   | 24,339,008       |   |  | 27,031,168 |  |  | 25,167,300 |  |
|                                                     |   |            |   |   |             |   |   |   |  |   |   |  |

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|                                                                                                                            |    | 2007     |   |   |    | 2006    |   |
|---------------------------------------------------------------------------------------------------------------------------------|---------|----------|--------|--------|---------|---------|--------|
| Cash flows from operating activities                                                                                            |    |     |   |   |    |    |   |
| Net income                                                                                                                      | $       | $251,827 |   |   | $       | 37,005  |        |
| Adjustments to reconcile net income to net      cash                                                                            |         |          |   |   |    |         |   |
|    Provided      by operating activities:                                                                        |         |          |   |   |    |         |   |
|             Depreciation      and amortization                      |         | 1,280    |   |   |    | 824     |   |
|    Changes      in operating assets and liabilities                                                              |         |          |   |   |    |         |   |
|             (Increase)      decrease in accounts receivable         |         | (19,304  | )      |   |    | (11,667 | )      |
|             (Increase)      decrease in inventory                   |         | (29,090  | )      |   |    | (86,730 | )      |
|             (Increase)      in deposits                             |         | -        |   |   |    | (39,000 | )      |
|             Increase      in accounts payable and other liabilities |    | 25,921   |   |   |    | 16,079  |   |
|             Increase      in income taxes payable                   |    | 91,100   |   |   |    | -       |   |
|                                                                                                                            |         |          |   |   |    |         |   |
| Net cash provided (used) by operating activities                                                                                |    | 321,734  |   |   |    | (83,489 | )      |
|                                                                                                                            |    |     |   |   |    |    |   |
| Cash flows from investing activities                                                                                            |         |          |   |   |    |         |   |
|             (Increase)      in equipment                            |    | (4,468   | )      |   |    | (13,773 | )      |
|             Cash      acquired in acquisition of Safari Associates  |    | -        |   |   |    | 39      |   |
|                                                                                                                            |         |          |   |   |    |         |   |
| Net cash (used) in investing activities                                                                                         |    | (4,468   | )      |   |    | (13,734 | )      |
|                                                                                                                            |    |     |   |   |    |    |   |
| Cash flows from financing activities                                                                                            |         |          |   |   |    |         |   |
|             Proceeds      from line of credit, net                  |    | (13,137  | )      |   |    | 17,148  |   |
|                                                                                                                            |         |          |   |   |    |         |   |
| Net increase (decrease in      cash and cash equivalents                                                                        |    | 304,129  |   |   |    | (80,075 | )      |
|                                                                                                                            |         |          |   |   |    |         |   |
| Cash and cash equivalents      at beginning of period                                                                           |    | 89,910   |   |   |    | 210,549 |   |
|                                                                                                                            |         |     |   |   |    |    |   |
| Cash and cash equivalents      at end of period                                                                                 |  $ | 394,039  |   |   |  $ | 130,474 |   |
|                                                                                                                            |    |     |   |   |    |    |   |
| Supplemental disclosure of      cash flow information                                                                           |         |          |   |   |    |         |   |
|                                                                                                                            |         |          |   |   |    |         |   |
| Income taxes paid                                                                                                               | $       | -        |   |   | $       | -       |   |
|                                                                                                                            |         |          |   |   |    |         |   |
| Interest paid                                                                                                                   | $       | -        |   |   | $       | 950     |   |
|                                                                                                                            |    |     |   |   |    |    |   |
| Stock issued to acquire equipment      and inventory                                                                            | $       | -        |   |   | $       | 18,000  |   |
|                                                                                                                            |    |     |   |   |    |    |   |

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|                                                          |   | 2007    |   |   |   | 2006   |
|---------------------------------------------------------------|--------|---------|--------|--------|--------|--------|
| Federal income tax                                            | $      | 70,500  |   |   | $      | -      |
| State income tax                                              |   | 20,600  |   |   |   | -      |
|                                                          |   |    |   |   |   |   |
| Total                                                         | $      | 91,100  |   |   | $      | -      |
|                                                          |   |    |   |   |   |   |
| Income taxes based on statutory      tax rates are as follows |   |    |   |   |   |   |
|                                                          |   |    |   |   |   |   |
| Federal income taxes                                          | $      | 116,595 |   |   | $      | -      |
| State income tax                                              |   | 30,178  |   |   |   | -      |
| Less net operating loss benefit                               |   | (55,673 | )      |   |   | -      |
|                                                          |   |    |   |   |   |        |
| Total                                                         | $      | 91,100  |   |   |   | -      |

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|   | 31.1 Certification by Michael Forster President      pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                 |
|   | 32.1 Certification by Michael Forster President      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

|  | **POWER SAVE ENERGY COMPANY** |   |
|--|-------------------------------|--------|

| Date: November 13, 2007 | By s/ Michael Forster                                                 |   |
|-------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                    |       Michael      Forster                                                                                                                                                                                                                                                              |   |
|                    |       Chief Executive      Officer                                                                                                                                                                                                                                                      |   |

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