**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**





**FORM
      10-QSB**




(Mark
      One)




**[X]
      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE** **SECURITIES
      EXCHANGE ACT OF 1934**




For
      the
      quarterly period ended **March
      31, 2007**




**[
      ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE** **SECURITIES
      EXCHANGE ACT OF 1934**




For
      the
      transition period from _____ to ____




Commission
      File Number: **0-21142**




**SANDSTON
      CORPORATION**


(Exact
      name of small business issuer as specified in its charter)




**Michigan**
            **38-2483796**(State
                or other jurisdiction of incorporation or
                organization)
            (I.R.S.
                Employer Identification
                No.)





**40950
      Woodward Avenue, Suite 304, Bloomfield Hills, MI 48304**


(Address
      of principal executive offices) (Zip Code)




**(248)
      723-3007**


(Issuer's
      telephone number, including area code)




Check
      whether the issuer (1) has filed all reports required to be filed by section
      13
      or 15(d) of the Securities Exchange Act during the past 12 months (or for such
      shorter period that the registrant was required to file such reports), and
      (2)
      has been subject to such filing requirements for the past 90 days.  [ **X** ]
      YES [
 ] No




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).  [ **X** ]
      YES
      [  ] No




State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of the latest practicable date: No par value Common Stock:




**10,796,981
      shares outstanding as of May 2, 2007**




Transitional
      Small Business Disclosure Format: [  ] YES [ **X** ]
      NO







**PART
      I -- FINANCIAL INFORMATION**





**Item
      1.**  **Financial
      Statements**





**Sandston
      Corporation**


**Condensed
      Balance Sheet**


**March
      31, 2007 and December 31, 2006**


**March
                  31,****2007**
              
              **December
                  31,****(****Unaudited****)**
              
              **2006****Assets**Current
                  assets:Cash
              
              $
              86,155
              
              $
              98,459Deposit
              
              
              1,800
              
              
              1,800Total
                  assets
              
              $
              87,955
              
              $
              100,259**Liabilities
                  and Shareholders’ Equity**Current
                  liabilities - accounts payable
              
              $
              1,501
              
              $
              646Shareholders’
                  deficit:Common
                  stock, no par value, 30,000,000 shares authorized,10,796,981
                  shares issued and outstanding
              
              
              33,799,784
              
              
              33,799,784Accumulated
                  deficit
              
              
              (33,713,330
              )
              
              (33,700,171
              )Total
                  shareholders’ equity
              
              
              86,454
              
              
              99,613Total
                  liabilities and shareholders’ equity
              
              $
              87,955
              
              $
              100,259







See
      notes
      to condensed financial statements.




Page
          2




**Sandston
      Corporation**


**Condensed
      Statements of Operations**


**For
      the Three Month Periods Ended March 31, 2007 and 2006**


**Three
                  Months Ended March
                  31,****2007**
              
              
              **2006****(Unaudited)**
              
              
              **(Unaudited)**Net
                  revenues
              
              $
              -
              
              $
              -General
                  and administrative expenses
              
              
              13,159
              
              
              11,929Operating
                  loss
              
              
              (13,159
              )
              
              (11,929
              )Income
                  taxes
              
              
              -
              
              
              -Net
                  loss
              
              $
              (13,159
              )
              $
              (11,929
              )Per
                  share amounts - basic and diluted (Note 2)
              
              $
              0.00
              
              $
              0.00Weighted
                  average shares outstanding - basic and diluted (Note 2)
              
              
              10,796,981
              
              
              8,396,981








See
      notes
      to condensed financial statements.




Page
          3




**Sandston
      Corporation**


**Condensed
      Statements of Cash Flows**


**For
      the Three Month Periods Ended March 31, 2007 and 2006**




**Three
                  Months Ended March
                  31,****2007**
              
              
              **2006****(Unaudited)**
              
              
              **(Unaudited)**Cash
                  flows from operating activities:Net
                  loss
              
              $
              (13,159
              )
              $
              (11,929
              )Adjustments
                  to reconcile net loss to net cash flowsused
                  in operating activities:Changes
                  in assets and liabilities that provided cash:Accounts
                  payable
              
              
              855
              
              
              1,358Accrued
                  expenses
              
              
              -
              
              
              4,000Net
                  cash used in operating activities
              
              
              (12,304
              )
              
              (6,571
              )Net
                  decrease in cash
              
              
              (12,304
              )
              
              (6,571
              )Cash
                  at beginning of period
              
              
              98,459
              
              
              10,654Cash
                  at end of period
              
              $
              86,155
              
              $
              4,083Supplemental
                  disclosures of cash flow information:Cash
                  paid for interest
              
              $
              -
              
              $
              -Cash
                  paid for income taxes
              
              
              -
              
              
              -








See
      notes
      to condensed financial statements.




Page
          4


**Sandston
      Corporation**


**Notes
      To Condensed Financial Statements**


**For
      The Three Month Periods Ended March 31, 2007 and 2006**




**Note
      1 - Basis of Presentation**




Pursuant
      to a recommendation of the Company’s Board of Directors and approval by its
      shareholders on January 13, 2004, the Company sold to NC Acquisition Corporation
      (the "Purchaser") on March 31, 2004 all of its tangible and intangible assets,
      including its real estate, accounts, equipment, intellectual property,
      inventory, subsidiaries, goodwill, and other intangibles, except for $30,000
      in
      cash, (the "Net Asset Sale"). The Purchaser also assumed all of the Company’s
      liabilities pursuant to the Net Asset Sale. Following the Net Asset Sale, the
      Company’s only remaining assets were $30,000 in cash and it had no liabilities.
      It also retained no subsidiaries. On April 1, 2004 the Company amended its
      Articles of Incorporation to change its name from Nematron Corporation to
      Sandston Corporation (the “Company”) and to implement a shareholder approved
      one-for-five reverse stock split of the Company’s common stock, whereby every
      five issued and outstanding shares of the Company’s common stock became one
      share. On April 1, 2004 the Company also sold a total of 5,248,257 post-split
      shares to Dorman Industries, LLC (“Dorman Industries”) for $50,000. Dorman
      Industries is a Michigan limited liability company wholly owned by Mr. Daniel
      J.
      Dorman, the Company’s Chairman of the Board, President and Principal Accounting
      Officer. Pursuant to its purchase of these shares, Dorman Industries became
      the
      owner of 62.50% of the then outstanding common stock of the Company and
      currently is the beneficial owner of 48.6% of the Company’s outstanding common
      stock.




Effective
      April 1, 2004, the Company became a "public shell" corporation.




The
      Company intends to build long-term shareholder value by acquiring and/or
      investing in and operating strategically positioned companies. The Company
      expects to target companies in multiple industry groups. The Company has yet
      to
      acquire, or enter into an agreement to acquire, any company or
      entity.




In
      the
      opinion of management, all adjustments considered necessary for a fair
      presentation of the consolidated financial statements for the interim periods
      have been included. Certain infor-mation and footnote disclosures normally
      included in financial statements prepared in accordance with generally accepted
      accounting principles have been condensed or omitted pursuant to the Securities
      and Exchange Commission’s 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 consolidated financial statements and notes thereto
      included in the Company’s latest annual report on Form 10-KSB.




The
      results of the operations for the three month periods ended March 31, 2007
      and
      2006 are not necessarily indicative of the results to be expected for the full
      year. Additionally, since the Net Asset Sale, which was effective April 1,
      2004,
      the Company has no revenue generating activities.




Liquidity
      and Management Plans




The
      Company became a "public shell" corporation on April 1, 2004 following the
      Net
      Asset Sale and since that date its operational activities have been limited
      to
      considering sundry and various acquisition opportunities, and its financial
      activities have been limited to administrative activities and incurring
      expenditures for accounting, legal, filing, printing, office and auditing
      services. These expenditures have been paid with the $30,000 cash retained
      from
      the businesses that were sold, from $50,000 of proceeds from the sale of common
      stock on April 1, 2004 to Dorman Industries, and from $120,000 of proceeds
      from
      the sale, through a private placement, of unregistered common stock in December
      2006 to certain accredited investors.




**Note
      2 - Earnings Per Share**




The
      weighted average shares outstanding used in computing basic loss per share
      for
      the three month periods ended March 31, 2007 and 2006 have been adjusted to
      give
      effect to the five-for-one reverse stock split discussed in Note 1. Pursuant
      to
      the terms of the agreements underlying the Net Asset Sale, all outstanding
      dilutive securities, including stock options, warrants and conversion rights
      under all employee and director option plans and various warrant and note
      agreements, were cancelled effective March 31, 2004 and are no longer
      outstanding.




Page
          5


**Item
      2.**  **Management's
      Discussion and Analysis of Results of Operations**




**Three
      Month Periods Ended March 31, 2007 and 2006**




Readers
      should refer to a description of the Net Asset Sale described in Note 1 to
      the
      condensed financial statements included in this Form 10-QSB. As described
      therein, the net assets and industrial controls businesses of the Company were
      sold effective as of the close of business on March 31, 2004. Since April 1,
      2004, the Company has not engaged in any revenue generating activities, although
      it has considered various investment opportunities and it has incurred
      administrative expenses related to legal, accounting and administrative
      activities. The Company has had no employees since that date. The administrative
      activities of the Company are performed by the Chairman, who also serves as
      the
      CEO, President and Principal Financial Officer. Direct administrative expenses
      of the Company totaled $13,159 and $11,929 for the three-month periods ended
      March 31, 2007 and 2006, respectively. The increase of $1,230, or 10.3%, is
      due
      primarily to additional administrative services required in the current period
      compared to the year earlier period.




**Liquidity
      and Capital Resources**




Primary
      sources of liquidity for the Company following the March 31, 2004 Net Asset
      Sale
      have been cash balances that have been used to pay administrative expenses.
      Operating expenses of the Company have been funded with $30,000 of available
      cash retained from the Net Asset Sale and from $50,000 of cash generated by
      the
      sale of additional shares of common stock to Dorman Industries on April 1,
      2004.
      In December 2006, the Company sold through a private placement of unregistered
      securities 2.4 million shares of Common Stock for a total of $120,000. As
      reflected in the accompanying balance sheet at March 31, 2007, cash totals
      $86,155. Based on such balance and management’s forecast of activity levels
      during the foreseeable future, management believes that the present cash balance
      will be sufficient to pay its current liabilities and its administrative
      expenses as such expenses become due. The Company has not identified as yet
      potential acquisition candidates, the acquisition of which would mean that
      the
      Company would cease being a “public shell” and begin operating
      activities.




While
      it
      is the Company's objective to ultimately be able to use the securities of the
      Company as a currency in the acquisition of portfolio businesses, the initial
      acquisitions of portfolio businesses may require the Company to be infused
      with
      additional capital thereby diluting the Company's shareholders, including Dorman
      Industries to the extent that it does not participate in the capital
      infusion.




**Uncertainties
      Relating to Forward Looking Statements**




"Item
      2 -
      Management's Discussion and Analysis of Results of Operation" and other parts
      of
      this Form 10-QSB contain certain "forward-looking statements" within the meaning
      of the Securities Act of 1934, as amended. While management of the Company
      believes any forward-looking statements it has made are reasonable, actual
      results could differ materially since the statements are based on current
      management expectations and are subject to risks and uncertainties. These risks
      and uncertainties include, but are not limited to the following:




·
            Uncertainties
                discussed elsewhere in “Management's Discussion and Analysis of Results of
                Operations”;




·
            The
                potential inability of the Company to locate potential businesses
                and to
                negotiate the closing of identified businesses so as they become
                businesses of the Company;




·
            Unforeseen
                increases in operating expenses;




·
            The
                inability to attract or retain management, sales and/or engineering
                talent
                for any acquired business;




Page
          6




·
            The
                inability to continue financing the administrative expenses of the
                Company out of available funds and the inability to raise additional
                funds
                to cover any shortfall.




**Item
      3.**  **Controls
      and Procedures**




*(a)* *Evaluation
      of disclosure controls and procedures.*




Based
      on
      his evaluation as of March 31, 2007, our principal executive officer and
      principal financial officer concluded that our disclosure controls and
      procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Securities
      Exchange Act of 1934, as amended) are effective to ensure that the information
      required to be disclosed in our reports filed or submitted under the Securities
      Exchange Act of 1934 is recorded, processed, summarized and reported within
      the
      requisite time periods.




*(b)* *Changes
      in internal controls.*




There
      have been no changes in our internal control over financial reporting (as
      defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act
      of
      1934, as amended) during the quarter ended March 31, 2007 that have materially
      affected, or are reasonably likely to materially affect, our internal control
      over financial reporting.




**PART
      II - OTHER INFORMATION**




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




Exhibits
      included herewith are set forth on the Index to Exhibits, which is incorporated
      herein by reference.





**SIGNATURES**





In
      accordance with the requirements of the Securities Exchange Act of 1934, the
      registrant has caused this report to be signed on its behalf by the undersigned,
      thereunto duly authorized.




**Sandston
              Corporation****May
              2, 2007**
            
            **/s/
              Daniel J.
              Dorman****Date**
            
            **President, CEO
              and
              Principal Financial
              Officer**




Page
          7




**INDEX
      TO EXHIBITS**





Exhibit
              Number
            Description of
              Exhibit  31.1
            Certification
                of the Principal Executive Officer Pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002




31.2
            Certification
                of the Principal Financial Officer Pursuant to Section 302 of the
                Sarbanes-Oxley Act of 2002




32.0
            Certification
                of President, CEO (Principal Executive Officer) and Principal Financial
                Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to
                Section
                906 of the Sarbanes-Oxley Act of
                2002




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          8