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      As filed with the Securities and Exchange Commission on December 15, 2006.

                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, 2006

                                       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, 2006, the issuer had 24,342,957 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             11

ITEM 3. Controls and Procedures                                               12

Part II - OTHER INFORMATION                                                   12

ITEM 1. Legal Proceedings                                                     12

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds           12

ITEM 3. Defaults Upon Senior Securities                                       12

ITEM 4. Submission of Matters to a Vote of Security Holders                   12

ITEM 5. Other Information                                                     12

ITEM 6. Exhibits and Reports on Form 8-K                                      12

Signatures                                                                    13


















                                       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)
                          -----------------------------
                                  BALANCE SHEET
                                  -------------
                                OCTOBER 31, 2006
                                ----------------

                                     Assets
                                     ------

Current assets:

     Cash                                                           $         -
     Prepaid expenses                                                       479
                                                                    -----------

         Total current assets                                               479
                                                                    -----------

                                                                    $       479
                                                                    ===========



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

Current liabilities:

     Accounts payable                                               $     5,953
     Advances from stockholder                                           28,961
                                                                    -----------

         Total current liabilities                                       34,914

Stockholders' equity (deficit):

     Preferred stock, $.001 par value, 10,000,000
       shares authorized, no shares issued or outstanding                     -
     Common stock, $.0001 par value, 25,000,000
       shares authorized, 24,342,957 shares
       issued and outstanding                                             2,435
     Additional paid-in capital                                       7,350,337
     Deficit accumulated during the development stage                (7,387,207)
                                                                    -----------
                                                                        (34,435)
                                                                    -----------

                                                                    $       479
                                                                    ===========


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


                                       4
<PAGE>


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


                                                                    Cumulative
                                                                       From
                                     Quarter         Quarter        Inception
                                      Ended           Ended          Through
                                     Oct. 31,        Oct. 31,        Oct. 31,
                                       2006            2005            2006
                                   ------------    ------------    ------------

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

Operating expense:

   General and administrative             6,207             131       7,387,207
                                              -               -               -
                                   ------------    ------------    ------------

Loss from operations                     (6,207)           (131)     (7,387,207)
                                   ------------    ------------    ------------

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

Net loss                           $     (6,207)   $       (131)   $ (7,387,207)
                                   ============    ============    ============

Basic and diluted net income per
   weighted average common share   $       (.00)   $       (.00)   $       (.99)
                                   ============    ============    ============

Weighted average number of common
   shares outstanding                24,342,957      24,342,957       7,477,063
                                   ============    ============    ============

















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


                                       5
<PAGE>


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


                                                  Nine Months      Nine  Months
                                                     Ended            Ended
                                                    Oct. 31,         Oct. 31,
                                                      2006             2005
                                                  ------------     ------------

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

Operating expense:

     General and administrative                         22,583           43,590
                                                             -                -
                                                  ------------     ------------

Loss from operations                                   (22,583)         (43,590)
                                                  ------------     ------------

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

Net loss                                          $    (22,583)    $    (43,590)
                                                  ============     ============

Basic and diluted net income per
     weighted average common share                $       (.00)    $       (.00)
                                                  ============     ============

Weighted average number of common
     shares outstanding                             24,342,957       13,676,370
                                                  ============     ============


















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


                                       6
<PAGE>


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


                                                                    Cumulative
                                                                        From
                                      Nine Months    Nine Months     Inception
                                        Ended          Ended          Through
                                       Oct. 31,       Oct. 31,        Oct. 31,
                                         2006           2005            2006
                                      -----------    -----------    -----------

Cash flows from
 operating activities:

Net loss                              $   (22,583)   $   (43,590)   $(7,387,207)


Adjustments to reconcile net
 loss to net cash used in
 operating activities:
  Note payable issued in exchange
   for services                                 -         43,210         43,210
  Common stock issued for services              -              -      5,849,148
  Merger acquisition expense                    -              -      1,450,038
 Changes in assets and liabilities:
   Prepaid expenses                          (479)             -           (479)
   Accrued interest payable                     -            249            249
   Account payable                            232            131          5,953
                                      -----------    -----------    -----------


     Net cash used in
      operating activities                (22,830)             -        (39,088)
                                      -----------    -----------    -----------

Cash flows from
 investing activities:

  Investment in ESI                             -              -       (837,339)
                                      -----------    -----------    -----------

     Net cash used in
      investing activities                      -              -       (837,339)
                                      -----------    -----------    -----------

Cash flows from
 financing activities:

  Issuance of preferred
   stock for cash                               -              -        498,240
  Issuance of common
   stock for cash                               -              -        349,226
  Advances from stockholder                22,830              -         28,961
                                      -----------    -----------    -----------

     Net cash provided by
      financing activities                 22,830              -        876,427
                                      -----------    -----------    -----------

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.


                                       7
<PAGE>


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


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


                                                                   Cumulative
                                                                      From
                                      Nine Months    Nine Months    Inception
                                        Ended          Ended         Through
                                       Oct. 31,       Oct. 31,       Oct. 31,
                                         2006           2005           2006
                                      -----------    -----------   -----------

Issuance of 4,912,840 common
 stock shares for consulting,
 organizational and other services     $        -    $        -    $ 5,849,148

Issuance of 307,873 common
 stock shares in attempted merger
 with ESI never consummated            $        -    $        -    $ 1,450,038

Issuance of 18,786,957 common
 stock shares upon conversion of
 convertible note payable and
 accrued interest payable              $        -    $   43,459    $    43,459






















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


                                       8
<PAGE>


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


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.  Its  primary  activities  through  April  30,  2006  have been the
attempted  acquisition  of interests in the trucking  industry.  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-SB
(Annual  Report) for the year ended  January 31, 2006 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 the 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  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.


                                       9
<PAGE>


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

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.       CONVERTIBLE NOTE PAYABLE

On May 10, 2005, the Company issued a convertible  note payable in the amount of
$43,210  as  consideration  for  consulting  services  provided  to and  certain
expenses paid directly for the Company by an unaffiliated  individual.  The note
was payable on November 10, 2005,  bore interest at 5.0%,  was unsecured and was
convertible at the holder's option based on a conversion  price equal to 110% of
the last `Best Bid' price of the common stock as quoted in the `Pink Sheets'. On
June 20, 2005,  the note was sold to a corporation  owned and  controlled by the
then president and sole director of the Company.  On July 5, 2005, the note plus
$249 of accrued interest was converted into 18,786,957 common stock shares.

3.       RELATED PARTY TRANSACTIONS

Since  September 2, 2005,  Marc Juliar is the sole director and president of the
Company and he currently owns 14,186,957  shares of common stock or 58.3% of the
Company's outstanding shares.

At October 31, 2006, another  stockholder had advanced $28,961 to the Company by
paying  directly  certain  operating  expenses.  These  funds  are  non-interest
bearing, unsecured and payable upon demand as funds become available.

4.       COMMITMENTS AND CONTINGENCIES

As of  October  31,  2006,  the  Company  is  not  subject  to  any  significant
commitments or contingencies or obligated under any lease commitments.



















                                       10
<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 has not had any  substantive  business  operations  from the date of
incorporation  until the present time and 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  since  inception.  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
could make a public sale of securities or be able to borrow any  significant sum


                                       11
<PAGE>


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.

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

None.

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.


                                       12
<PAGE>


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 15, 2006






























                                       13

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