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                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 October 31, 2007

                                       OR

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

           For the transition period from ____________ to_____________

                        Commission file number 000-51911

                          AAMAXAN TRANSPORT GROUP, INC.
           (Name of Small Business Issuer as specified in its charter)

                    Delaware                                20-5772205
        (State or other jurisdiction of                 (I.R.S. Employer
         incorporation or organization)                Identification No.)

                 31 Walmer Rd, Suite 6 Toronto, Ontario, M5R 2W7
              (Address of principal executive offices) (Zip Code)

                                 (416) 928-3095
                           (Issuer's telephone number)

     Check  whether  the issuer (1) 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.

                                 Yes  X   No
                                     ---     ---

        Indicate by check mark  whether the  registrant  is a shell  company (as
           defined in Rule 12b-2 of the Securities Exchange Act).

                                 Yes  X   No
                                     ---     ---

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                        DURING THE PRECEDING FIVE YEARS:

   Check whether the registrant  filed all documents and reports  required to be
     filed by Sections 12, 13 or 15(d) of the Securities Exchange Act after
        the distribution of securities under a plan confirmed by a court.

                                 Yes      No
                                     ---     ---

         As of October 31, 2007, the issuer had 244,000 shares of Common
                 Stock, $.0001 par value per share outstanding.

     Transitional Small Business Disclosure Format (Check one): Yes      No  X
                                                                    ---     ---


<PAGE>
                                TABLE OF CONTENTS


PART I - FINANCIAL INFORMATION                                                 4

ITEM 1. Financial Statements                                                   4

ITEM 2. Management's Discussion and Analysis or Plan of Operation             13

ITEM 3. Controls and Procedures                                               14

Part II - OTHER INFORMATION                                                   14

ITEM 1. Legal Proceedings                                                     14

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds           14

ITEM 3. Defaults Upon Senior Securities                                       14

ITEM 4. Submission of Matters to a Vote of Security Holders                   14

ITEM 5. Other Information                                                     15

ITEM 6. Exhibits and Reports on Form 8-K                                      15

Signatures                                                                    15



                                        2
<PAGE>

                   FORWARD LOOKING STATEMENTS AND RISK FACTORS

Certain  statements  contained  in this Form 10-QSB  filed by Aamaxan  Transport
Group, Inc., a development stage company ("Aamaxan" or the "Company") constitute
"statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities  Act"), and Section 21E of the Securities  Exchange Act
of 1934, as amended (the "Exchange Act"). These statements,  identified by words
such as "will," "may," "expect,"  "believe,"  "anticipate,"  "intend,"  "could,"
"should,"  "expect,"  "estimate," "plan" and similar  expressions,  relate to or
involve the current  views of  management  with respect to future  expectations,
objectives and events and are subject to substantial  risks,  uncertainties  and
other factors  beyond  management's  control that may cause actual results to be
materially  different from any such forward-looking  statements.  Such risks and
uncertainties  include those set forth in this document and others made by or on
behalf of the Company in the future, including but not limited to, the Company's
limited operating  history,  its need for additional  capital or financing,  its
ability or inability to produce and market products and services, its ability to
make a profit in the future, its dependence on a limited number of customers and
key personnel,  its dependence on certain industries,  its ability to locate and
consummate business  opportunities that would appear to be in the best interests
of the shareholders, its ability to implement strategies to develop its business
in emerging markets,  competition from other or similar companies or businesses,
and,  general  economic  conditions.  Any  forward-looking  statements  in  this
document and any subsequent Company document must be evaluated in light of these
and other  important  risk  factors.  The Company  does not intend to update any
forward-looking  information to reflect actual results or changes in the factors
affecting such forward-looking information.





                                       3
<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1. Financial Statements





                          Aamaxan Transport Group, Inc.

                          (A Development Stage Company)


                              Financial Statements

          For the Three and Nine Months Ended October 31, 2007 and 2006


















                                       4
<PAGE>


                                 C O N T E N T S
                                 ---------------



BALANCE SHEET..................................................................5

STATEMENTS OF OPERATIONS (THREE MONTHS ENDED OCT. 31, 2007 AND 2006)...........6

STATEMENTS OF OPERATIONS (NINE MONTHS ENDED OCT. 31, 2007 AND 2006)............7

STATEMENTS OF CASH FLOWS (NINE MONTHS ENDED OCT. 31, 2007 AND 2006)..........8-9

NOTES TO FINANCIAL STATEMENTS..............................................10-11























                                       5
<PAGE>

                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                                  BALANCE SHEET
                                  -------------
                                   (UNAUDITED)
                                   -----------
                                OCTOBER 31, 2007
                                ----------------







                                     Assets
                                     ------

Current assets:

     Cash                                                         $           -
     Prepaid expenses                                                       517
                                                                  --------------

         Total current assets                                               517
                                                                  --------------

                                                                  $         517
                                                                  ==============


                 Liabilities and Stockholders' Equity (Deficit)
                 ----------------------------------------------

Current liabilities:

     Accounts payable                                             $         703
     Advances from stockholder                                           61,856
                                                                  --------------

         Total current liabilities                                       62,559

Stockholders' equity (deficit):

     Preferred stock, $.001 par value, 10,000,000
       shares authorized, no shares issued or outstanding                     -
     Common stock, $.0001 par value, 200,000,000
       shares authorized, 244,000 shares
       issued and outstanding                                                24
     Additional paid-in capital                                       7,352,748
     Deficit accumulated during the development stage                (7,414,814)
                                                                  --------------
                                                                        (62,042)
                                                                  --------------

                                                                  $         517
                                                                  ==============







    The accompanying notes are an integral part of the financial statements.


                                       6
<PAGE>

                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                            STATEMENTS OF OPERATIONS
                            ------------------------
                                   (UNAUDITED)
                                   -----------





                                                                    Cumulative
                                                                       From
                                       Quarter        Quarter        Inception
                                        Ended          Ended          Through
                                     October 31,    October 31,     October 31,
                                         2007           2006           2007
                                    -------------  -------------  --------------

Revenues                            $           -  $           -  $           -

Operating expense:

     General and administrative            11,163          6,207      7,414,814
                                                -              -              -
                                    -------------  -------------  --------------

Loss from operations                      (11,163)        (6,207)    (7,414,814)
                                    -------------  -------------  --------------

Provision for income taxes                      -              -              -
                                    -------------  -------------  --------------

Net loss                            $     (11,163) $      (6,207) $  (7,414,814)
                                    =============  =============  ==============

Basic and diluted net loss per
     weighted average common share  $        (.05) $        (.03)
                                    =============  =============

Weighted average number of common
     shares outstanding                   244,000        244,000
                                    =============  =============








    The accompanying notes are an integral part of the financial statements.

                                       7
<PAGE>

                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                            STATEMENTS OF OPERATIONS
                            ------------------------
                                   (UNAUDITED)
                                   -----------







                                                    Nine Months     Nine Months
                                                      Ended            Ended
                                                    October 31,     October 31,
                                                       2007            2006
                                                   -------------  --------------

Revenues                                           $           -  $           -
                                                   -------------  --------------

Operating expense:

     General and administrative                           19,758         22,583
                                                               -              -
                                                   -------------  --------------

Loss from operations                                     (19,758)       (22,583)
                                                   -------------  --------------

Provision for income taxes                                     -              -
                                                   -------------  --------------

Net loss                                           $     (19,758) $     (22,583)
                                                   =============  ==============

Basic and diluted net income per
     weighted average common share                 $        (.08) $        (.09)
                                                   =============  ==============

Weighted average number of common
     shares outstanding                                  244,000        244,000
                                                   =============  ==============












    The accompanying notes are an integral part of the financial statements.

                                       8
<PAGE>

                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                            STATEMENTS OF CASH FLOWS
                            ------------------------
                                   (UNAUDITED)
                                   -----------


                                                                    Cumulative
                                                                      From
                                     Nine Months    Nine Months     Inception
                                        Ended          Ended         Through
                                     October 31,     October 31,    October 31,
                                        2007            2006           2007
                                    -------------  -------------  --------------

Cash flows from operating
  activities:

Net loss                            $     (19,758) $     (22,583) $  (7,414,814)

Adjustments to reconcile net loss
  to net cash used in operating
  activities:
    Note payable issued in
     exchange for services                      -              -         43,210
    Common stock issued for
     services                                   -              -      5,841,369
    Merger acquisition expense                  -              -      1,468,193
  Changes in assets and liabilities:
        Prepaid expenses                     (204)          (479)          (517)
        Account payable                    (3,406)           232            703
                                    -------------  -------------  --------------

          Net cash used in
          operating activities            (23,368)       (22,830)       (61,856)
                                    -------------  -------------  --------------

Cash flows from investing
  activities:

      Investment in ESI                         -              -       (847,466)
                                    -------------  -------------  --------------

          Net cash used in
          investing activities                  -              -       (847,466)
                                    -------------  -------------  --------------

Cash flows from financing activities:

      Issuance of preferred stock
        for cash                                -              -        498,240
      Issuance of common stock
        for cash                                -              -        349,226
      Advances from stockholder            23,368         22,830         61,856
                                    -------------  -------------  --------------

          Net cash provided by
          financing activities             23,368         12,830        909,322
                                    -------------  -------------  --------------

Net change in cash                              -              -              -

Cash at the beginning of period                 -              -              -
                                    -------------  -------------  --------------

Cash at the end of period           $           -  $           -  $           -
                                    =============  =============  ==============





    The accompanying notes are an integral part of the financial statements.

                                       9
<PAGE>

                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                            STATEMENTS OF CASH FLOWS
                            ------------------------
                                   (UNAUDITED)
                                   -----------





                        Supplemental Schedule of Non-Cash
                        ---------------------------------
                       Investing and Financing Activities
                       ----------------------------------


                                                                    Cumulative
                                                                      From
                                     Nine Months     Nine Months    Inception
                                        Ended         Ended          Through
                                     October 31,    October 31,     October 31,
                                        2007           2006            2007
                                    -------------  -------------  --------------

Issuance of 18,787 common stock
  shares upon conversion of
  convertible note payable
  and accrued interest payable      $           -  $           -  $      43,459

























    The accompanying notes are an integral part of the financial statements.

                                       10
<PAGE>

                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                          NOTES TO FINANCIAL STATEMENTS
                          -----------------------------
                                   (UNAUDITED)
                                   -----------



1.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and business
-------------------------

Aamaxan  Transport  Group,  Inc. (the Company) was  incorporated on June 3, 1998
under the laws of the State of Delaware under the name Worthington Venture Fund,
Inc.  (WD).  On August 14, 1998, WD changed its name to Admax  Technology,  Inc.
(Admax). On August 28, 1998, Admax merged with Worthington Venture Fund, Inc., a
non-operating Utah shell corporation,  and changed its name to Aamaxan Transport
Group,  Inc.  The  Company  was  completely  dormant  from  mid-2000 to mid-2005
although there were two changes in control of the Company's  outstanding  common
stock shares.

Basis of presentation and going concern uncertainty
---------------------------------------------------

The  accompanying  financial  statements  have been prepared in accordance  with
accounting principles generally accepted in the United States of America.  These
accounting  principles  were  applied  on a basis  consistent  with those of the
financial  statements  contained in the  Company's  Annual Report on Form 10-KSB
(Annual  Report) for the year ended  January 31, 2007 filed with the  Securities
and Exchange Commission. The accompanying financial statements should be read in
conjunction  with the financial  statements  contained in the  Company's  Annual
Report. In the opinion of management, all adjustments (which include only normal
recurring  adjustments)  necessary  to present  fairly the  financial  position,
results of  operations  and cash flows of the Company for all periods  presented
have been made.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in accordance with accounting  principles generally accepted
in the United States of America have been  condensed or omitted.  The results of
operations for this current fiscal quarter are not necessarily indicative of the
operating  results expected for any succeeding  fiscal quarter or for the fiscal
year.

The financial  statements  of the Company have been  prepared  assuming that the
Company will continue as a going concern.  However, the Company has no assets or
working capital and has no business operations.  These conditions, among others,
give rise to  substantial  doubt  about the  Company's  ability to continue as a
going  concern.  Management is continuing to seek  additional  equity capital to
fund a merger or  acquisition  or to  purchase an ongoing  business.  Until such
time,  the Company  anticipates  its working  capital needs to be funded through
advances  from its  stockholders.  Management  believes  that  these  steps will
provide the Company  with  adequate  funds to sustain its  continued  existence.
There is, however, no assurance that the steps taken by management will meet all
of the  Company's  needs  or that  it will  continue  as a  going  concern.  The
accompanying  financial  statements  do not include any  adjustments  that might
result from the outcome of this uncertainty.

Development stage activities
----------------------------

The Company has not  conducted any  substantial  business  operations  since its
inception.  Accordingly,  all of the Company's  operating results and cash flows
are considered to be those related to development stage activities and represent
the `cumulative  from inception'  amounts from its development  stage activities
reported pursuant to Statements of Financial  Accounting  Standards ("SFAS") No.
7, Development Stage Enterprises.



                                       11
<PAGE>
                          AAMAXAN TRANSPORT GROUP, INC.
                          -----------------------------
                          (A DEVELOPMENT STAGE COMPANY)
                          -----------------------------
                          NOTES TO FINANCIAL STATEMENTS
                          -----------------------------
                                   (UNAUDITED)
                                   -----------



Management estimates
--------------------

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect  the  reported  amounts  of assets  and  liabilities  and  disclosure  of
contingent  assets and  liabilities at the date of the financial  statements and
the  reported  amounts of revenues  and expenses  during the  reporting  period.
Actual results could differ from those estimates.

2.    RELATED PARTY TRANSACTIONS

Since  September 2, 2005,  Marc Juliar is the sole director and president of the
Company and he  currently  owns  141,870  shares of common stock or 58.1% of the
Company's outstanding shares.

At October 31, 2007, another  stockholder had advanced $61,856 to the Company by
paying  directly  certain  operating  expenses.  These  funds  are  non-interest
bearing, unsecured and payable upon demand as funds become available.

3.    COMMITMENTS AND CONTINGENCIES

As of  October  31,  2007,  the  Company  is  not  subject  to  any  significant
commitments or contingencies or obligated under any lease commitments.

4.    COMMON STOCK

On September  17, 2007,  the Company  announced a 1-for-100  reverse stock split
which was authorized at its annual meeting of stockholders held on September 17,
2007.  The Company  began trading on a split  adjusted  basis on October 9, 2007
under the new symbol  "AAXT.OB."  Common share  amounts have been  retroactively
restated to reflect the reverse  stock  split.  Total common  shares  issued and
outstanding upon completion of the reverse stock split are 244,000.








                                       12
<PAGE>

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

History

Aamaxan Transport Group,  Inc.  ("Aamaxan" or the "Company") was incorporated on
June 3, 1998 under the laws of the State of Delaware as Worthington Venture Fund
Inc. ("Worthington  Delaware").  On August 14, 1998, Worthington Delaware's name
was changed to Admax  Technology,  Inc.  ("Admax").  On August 28,  1998,  Admax
merged with Worthington Venture Fund, Inc. ("Worthington Utah"), a non-operating
Utah shell corporation, and changed its name to Aamaxan Transport Group, Inc.

The Company is considered a "shell company" as it has no or nominal  operations.
During the years  ending  January 31, 1999 and 2000,  the Company  attempted  to
acquire  certain  companies and assets.  Although  acquisition  agreements  were
executed,  shares of common stock were issued and only  partially  cancelled and
funds  advanced,  these  acquisitions  did not close and the  acquisitions  were
written off. The Company was dormant from mid-2000 until recently.

The Company has been  seeking,  and will continue to seek,  potential  operating
businesses and business  opportunities  with the intent to acquire or merge with
such businesses.  The Company is considered a development  stage company and its
principal  purpose is to locate and  consummate a merger or  acquisition  with a
private entity.  Because of the Company's  current status of having only nominal
assets  and  no  recent  operating  history,  in  the  event  the  Company  does
successfully  acquire or merge with an  operating  business  opportunity,  it is
likely that the  Company's  current  shareholders  will  experience  substantial
dilution and a resultant change in control of the Company.

Background

The Company is considered a development  stage company with no assets or capital
and with no operations  or income.  The costs and expenses  associated  with the
recent  operations  of the  Company  have been paid for by  shareholders  of the
Company.

It is anticipated that the Company will require only nominal capital to maintain
its corporate  viability and necessary funds will most likely be provided by the
Company's  existing  shareholders  or its officer and director in the  immediate
future.  However,  unless the Company is able to facilitate an acquisition of or
merger with an  operating  business or is otherwise  able to obtain  significant
outside financing,  substantial doubt will be cast on its ability to continue as
a viable corporation.

In the  opinion of  management,  neither  inflation  nor  recession  will have a
material  effect on the operations of the Company until such time as the Company
successfully  completes an acquisition or merger. At that time,  management will
evaluate  the  possible  effects of  inflation or recession on the Company as it
relates to its business and  operations  following a successful  acquisition  or
merger.

Plan of Operation

During  the  next  twelve  months,  the  Company  will  actively  seek  out  and
investigate possible business  opportunities with the intent to acquire or merge
with one or more  business  ventures.  Because the Company  lacks cash and other
capital resources,  it may be necessary for the officers and directors to either
advance  funds  to the  Company  or to  accrue  expenses  until  such  time as a
successful business consolidation can be made.

Management  intends to hold  expenses to a minimum  and to obtain  services on a
contingency basis when possible. Further, the Company's directors will defer any
compensation until such time as an acquisition or merger can be accomplished and
will strive to have the business opportunity provide their remuneration, if any.
However,  if the Company engages  outside  advisors or consultants in its search
for business  opportunities,  it may be necessary  for the Company to attempt to
raise additional funds.

As of the date hereof,  the Company has not made any  arrangements or definitive
agreements to use outside  advisors or consultants  or to raise any capital.  In
the event the  Company  does need to raise  capital  most likely the only method
available to the Company would be the private sale of its securities. Because of
the nature of the Company as a development stage company, it is unlikely that it


                                       13
<PAGE>

could make a public sale of securities or be able to borrow any  significant sum
from either a commercial or private  lender.  There can be no assurance that the
Company will be able to obtain  additional  funding when and if needed,  or that
such funding, if available, can be obtained on terms acceptable to the Company.

The Company does not intend to use any employees, with the possible exception of
part-time  clerical  assistance  on an  as-needed  basis.  Outside  advisors  or
consultants  will be used only if they can be obtained  for minimal cost or on a
deferred payment basis.  Management is confident that it will be able to operate
in this manner and to continue its search for business  opportunities during the
next twelve months.

Reverse Stock Split

On September  17, 2007,  the Company  announced a 1-for-100  reverse stock split
which was authorized at its annual meeting of stockholders held on September 17,
2007.  The Company  began trading on a split  adjusted  basis on October 9, 2007
under a new symbol  "AAXT.OB."  Total common shares issued and outstanding  upon
completion of the reverse stock split are 244,000.

ITEM 3.   Controls and Procedures

Mr. Marc Juliar,  the Company's current CEO and CFO has concluded,  based on his
evaluation as of a date within 90 days prior to the filing of this report,  that
the Company's  disclosure  controls and  procedures are effective to ensure that
information  required to be  disclosed  by the  Company in the reports  filed or
submitted  by it under the  Securities  Exchange  Act of 1934,  as  amended,  is
recorded, processed,  summarized and reported as specified in the Securities and
Exchange  Commission's  rules and forms,  and include  controls  and  procedures
designed to ensure that  information  required to be disclosed by the Company in
such reports is accumulated  and  communicated to the Company's  management,  as
appropriate, to allow timely decisions regarding required disclosure.

During the period,  there were no significant changes in internal controls or in
other factors that could significantly affect internal controls.

Part II - OTHER INFORMATION

ITEM 1.   Legal Proceedings

There are presently no material pending legal or governmental agency proceedings
to which the Company or its officer, director or majority stockholder is a party
or to which any of its property is subject and, to the best of its knowledge, no
such actions against the Company are contemplated or threatened.

ITEM 2.   Unregistered Sales of Equity Securities and Use of Proceeds

None.

ITEM 3.   Defaults Upon Senior Securities

None.

ITEM 4.   Submission of Matters to a Vote of Security Holders

On September 17, 2007, the Company held its annual meeting of  stockholders  and
acted on the following matters:

         -    Elected one director to serve for the ensuing  one-year  period or
              until his successor is elected and qualified;
         -    Approved  a one for 100  reverse  stock  split of the  outstanding
              common stock of Aamaxan Transport Group, Inc.; and
         -    Approved an  amendment  to the  certificate  of  incorporation  to
              increase  the  number of shares of  authorized  common  stock from
              25,000,000 to 200,000,000.



                                       14
<PAGE>

ITEM 5.   Other Information

None.

ITEM 6.   Exhibits and Reports on Form 8-K

Exhibits

         31.1 Certification  of Chief  Executive  Officer  and  Chief  Financial
              Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

         32.1 Certification  of Chief  Executive  Officer  and  Chief  Financial
              Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Reports on Form 8-K

None.

SIGNATURES

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

                                            AAMAXAN TRANSPORT GROUP, INC.

                                            /s/ Marc Juliar

                                            Marc Juliar
                                            Chief Executive Officer and Chief
                                            Financial Officer

Date: December 12, 2007









                                       15

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