---

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, 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 **January 31, 2008**

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

For the transition period from _________ to __________

Commission file number **000-50861**

LEGEND MARKETING CORP.(Name of small business issuer in its charter)

|Nevada                                                               | 71-0974648                          
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (I.R.S. Employer Identification No.)
|                                                                     |                                     
|73 East 14th Street, North Vancouver, BC Canada                      | V7L 2P5                             
|(Address of principal executive offices)                             | (Zip Code)                          

Issuers telephone number (604) 765-0455

Securities registered pursuant to Section 12(b) of the Act:

|Title of each class | Name of each exchange on which registered
|------------------- | -----------------------------------------
|Nil                 | Nil                                      

Securities registered pursuant to Section 12(g) of the Act:

Shares of Common Stock, par value $0.001(Title of class)

Check whether the issuer: (1) filed all reports required to be
filed by Section 13 or 15(d) of the 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 Exchange Act). Yes [   ] 
 No [X]

---

State the number of shares outstanding of each of the issuers
classes of common equity, as of the latest practicable date:

5,525,000 outstanding common shares issued and outstanding as at
March 20, 2008.

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

2

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PART I - FINANCIAL INFORMATION

Item
1.           Financial
Statements

These financial statements have been prepared by Legend
Marketing Corp. (the Company) without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission (SEC). Certain
information and footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles have been
omitted in accordance with such SEC rules and regulations. In the opinion of
management, the accompanying statements contain all adjustments necessary to
present fairly the financial position of the Company as of January 31, 2008, and
its results of operations, stockholders equity, and its cash flows for the nine
month period ended January 31, 2008 and for the period from inception (November
18, 2004) to January 31, 2008. The results for these interim periods are not
necessarily indicative of the results for the entire year. The accompanying
financial statements should be read in conjunction with the financial statements
and the notes thereto filed as a part of the Companys registration statement on
Form SB-2 filed on January 29, 2008.

3

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LEGEND MARKETING CORP. CONSOLIDATED FINANCIAL STATEMENTS
AS AT JANUARY 31, 2008 (UNAUDITED)











4

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LEGEND MARKETING CORP.



CONTENTS



|PAGE | 1    | CONSOLIDATED
      BALANCE SHEET AS AT JANUARY 31, 2008 AND 2007                          
|---- | ---- | ------------------------------------------------------------------------------------------
|     |      |                                                                                           
|PAGE | 2    | CONSOLIDATED
      STATEMENT OF OPERATIONS FOR THE PERIOD ENDED JANUARY 31, 2008          
|     |      |                                                                                           
|PAGE | 3    | CONSOLIDATED
      STATEMENT OF STOCKHOLDERS EQUITY FOR THE PERIOD ENDED JANUARY 31, 2008
|     |      |                                                                                           
|PAGE | 4    | CONSOLIDATED
      STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED JANUARY 31, 2008          
|     |      |                                                                                           
|PAGE | 5-10 | NOTES
      TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008    

---

1.

LEGEND MARKETING CORP. CONSOLIDATED BALANCE SHEET AS AT
JANUARY 31, 2008 (UNAUDITED) (Stated in US dollars)



|ASSETS                                                    |  
|--------------------------------------------------------- | -
|                                                          |  
|                                                          |  
|                                                          |  
|                                                          |  
|CURRENT ASSETS                                            |  
|Cash                                                      | $
|Accounts receivable                                       |  
|Goods and
      Services Tax receivable                   |  
|Prepaid expenses                                          |  
|                                                          |  
|Total assets                                              | $
|                                                          |  
|                                                          |  
|LIABILITIES AND STOCKHOLDERS
      EQUITY                |  
|                                                          |  
|                                                          |  
|CURRENT LIABILITIES                                       |  
|Accounts
      payable and accrued liabilities            | $
|Deferred revenue                                          |  
|Due to
      stockholder (note 4)                         |  
|                                                          |  
|Total
      liabilities                                   |  
|                                                          |  
|                                                          |  
|STOCKHOLDERS EQUITY (note 5)                             |  
|Common
      stock, $.001 par value, 75,000,000 shares    |  
|authorized,
      5,525,000 shares issued and outstanding | $
|Additional
      paid-in capital                          |  
|Accumulated deficit                                       |  
|Accumulated
      other comprehensive loss                |  
|                                                          |  
|Total
      stockholders equity                          |  
|                                                          |  
|Total liabilities and stockholders equity                | $

See accompanying notes to the consolidated financial statements.

---

2.

LEGEND MARKETING CORP. CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE PERIOD ENDING JANUARY 31, 2008 (UNAUDITED) (Stated in US
dollars)

AccumulatedfromThree
      
    
    
      
    
    
      
    
    
      
    
    November 18,Months
      
    
    Three Months
      
    
    Nine Months
      
    
    Nine Months
      
    
    2004 (date ofEnded
      
    
    Ended
      
    
    Ended
      
    
    Ended
      
    
    incorporation)January 31,
      
    
    January 31,
      
    
    January 31,
      
    
    January 31,
      
    
    to January 31,2008
      
    
    2007
      
    
    2008
      
    
    2007
      
    
    2008(unaudited)
      
    
    (unaudited)
      
    
    (unaudited)
      
    
    (unaudited)
      
    
    (unaudited)REVENUE
    $
    52,569
      
    $
    33,216
      
    $
    137,393
      
    $
    86,647
      
    $
    377,865COST OF SALES
    
    19,960
      
    
    23,095
      
    
    57,998
      
    
    70,302
      
    
    278,145GROSS INCOME
    
    32,609
      
    
    10,121
      
    
    79,395
      
    
    16,345
      
    
    99,720OPERATING EXPENSESProfessional fees
    
    20,138
      
    
    2,714
      
    
    40,241
      
    
    23,655
      
    
    84,719Management salaries (note 4)
    
    5,994
      
    
    5,229
      
    
    15,563
      
    
    21,917
      
    
    58,465Office and miscellaneous
    
    2,463
      
    
    283
      
    
    4,214
      
    
    953
      
    
    58,684Total operating expenses
    
    28,595
      
    
    8,226
      
    
    60,018
      
    
    46,525
      
    
    201,868NET INCOME (LOSS)
    
    4,014
      
    
    1,895
      
    
    19,377
      
    
    (30,180
      )
    
    (102,148
      )OTHER ITEMGain (loss) on foreign
      currencytranslation
    
    (915
      )
    
    653
      
    
    (1,338
      )
    
    94
      
    
    (5,212
      )COMPREHENSIVE INCOME
      (LOSS)
    $
    3,099
      
    $
    2,548
      
    $
    18,039
      
    $
    (30,086
      )
    $
    (107,360
      )Basic earnings (loss) per
      common share
    $
    0.001
      
    $
    (0.001
      )
    $
    0.002
      
    $
    (0.006
      )
    $
    (0.006
      )Basic weighted average number ofcommon shares
      outstanding
    
    5,525,000
      
    
    5,525,000
      
    
    5,525,000
      
    
    5,525,000
      
    
    5,525,000


See accompanying notes to the consolidated financial statements.

---

3.

LEGEND MARKETING CORP. CONSOLIDATED STATEMENT OF
STOCKHOLDERS EQUITY FOR THE PERIOD ENDED JANUARY 31, 2008 (Stated in US
dollars)

|                                                         |  |              |  |   |           |  |   |               |  |   | Accumulated |   |   |               |   |   |         |  
|-------------------------------------------------------- |  | ------------ |  | - | --------- |  | - | ------------- |  | - | ----------- | - | - | ------------- | - | - | ------- | -
|                                                         |  |              |  |   |           |  |   | Additional    |  |   | Other       |   |   |               |   |   | Total   |  
|                                                         |  | Common Stock |  |   | Paid-in   |  |   | Comprehensive |  |   | Accumulated |   |   | Stockholders |  
|                                                         |  | Shares       |  |   | Par Value |  |   | Capital       |  |   | Loss        |   |   | Deficit       |   |   | Equity  |  
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Common stock issued on inception for cash (note
      5) |  | 5,525,000    |  | $ | 5,525     |  | $ | 125,225       |  | $ | -           |   | $ | -             |   | $ | 130,750 |  
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Foreign currency translation adjustment                  |  | -            |  |   | -         |  |   | -             |  |   | (776        | ) |   | -             |   |   | (776    | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Net loss                                                 |  | -            |  |   | -         |  |   | -             |  |   | -           |   |   | (42,387       | ) |   | (42,387 | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|BALANCE APRIL 30, 2005                                   |  | 5,525,000    |  |   | 5,525     |  |   | 125,225       |  |   | (776        | ) |   | (42,387       | ) |   | 87,587  |  
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Foreign currency transaction adjustment                  |  | -            |  |   | -         |  |   | -             |  |   | (279        | ) |   | -             |   |   | (279    | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Net loss                                                 |  | -            |  |   | -         |  |   | -             |  |   | -           |   |   | (50,837       | ) |   | (50,837 | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|BALANCE APRIL 30, 2006                                   |  | 5,525,000    |  |   | 5,525     |  |   | 125,225       |  |   | (1,055      | ) |   | (93,224       | ) |   | 36,471  |  
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Foreign currency translation adjustment                  |  | -            |  |   | -         |  |   | -             |  |   | (2,819      | ) |   | -             |   |   | (2,819  | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Net loss                                                 |  | -            |  |   | -         |  |   | -             |  |   | -           |   |   | (28,301       | ) |   | (28,301 | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|BALANCE APRIL 30, 2007                                   |  | 5,525,000    |  | $ | 5,525     |  | $ | 125,225       |  | $ | (3,874      | ) | $ | (121,525      | ) | $ | 5,351   |  
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Foreign currency translation adjustment                  |  | -            |  |   | -         |  |   | -             |  |   | (1,338      | ) |   | -             |   |   | (1,338  | )
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|Net income                                               |  | -            |  |   | -         |  |   | -             |  |   | -           |   |   | 19,377        |   |   | 19,377  |  
|                                                         |  |              |  |   |           |  |   |               |  |   |             |   |   |               |   |   |         |  
|BALANCE JANUARY 31, 2008 (unaudited)                     |  | 5,525,000    |  | $ | 5,525     |  | $ | 125,225       |  | $ | (5,212      | ) | $ | (102,148      | ) | $ | 23,390  |  

See accompanying notes to the consolidated financial
statements.

---

4.

LEGEND MARKETING CORP. CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007 (UNAUDITED) (Stated
in US dollars)

|                                                   |  |             |   |  |             |   |  | Accumulated      |  
|-------------------------------------------------- |  | ----------- | - |  | ----------- | - |  | ---------------- | -
|                                                   |  |             |   |  |             |   |  | from November    |  
|                                                   |  | Nine Months |   |  | Nine Months |   |  | 18, 2004 (date   |  
|                                                   |  | Ended       |   |  | Ended       |   |  | of inception) to |  
|                                                   |  | January 31, |   |  | January 31, |   |  | January 31,      |  
|                                                   |  | 2008        |   |  | 2007        |   |  | 2008             |  
|                                                   |  | (unaudited) |   |  | (unaudited) |   |  | (unaudited)      |  
|                                                   |  |             |   |  |             |   |  |                  |  
|                                                   |  |             |   |  |             |   |  |                  |  
|CASH FLOWS FROM OPERATING
      ACTIVITIES:        |  |             |   |  |             |   |  |                  |  
|Net income (loss)                                  |  | 19,377      |   |  | (30,180     | ) |  | (102,148         | )
|Changes in operating assets
      and liabilities: |  |             |   |  |             |   |  |                  |  
|Accounts
      receivable                          |  | (53,458     | ) |  | 29,826      |   |  | (61,018          | )
|Goods and Services Tax receivable                  |  | (22         | ) |  | 544         |   |  | (2,438           | )
|Prepaid expenses                                   |  | (3,400      | ) |  | -           |   |  | (3,400           | )
|Accounts payable                                   |  | 26,773      |   |  | (9,473      | ) |  | 49,649           |  
|Deferred revenue                                   |  | 5,166       |   |  | 6,884       |   |  | 20,296           |  
|Effect of
      exchange rates on cash             |  | (1,338      | ) |  | 94          |   |  | (5,212           | )
|NET CASH FLOWS FROM OPERATING                      |  |             |   |  |             |   |  |                  |  
|ACTIVITIES                                         |  | (6,902      | ) |  | (2,305      | ) |  | (104,271         | )
|                                                   |  |             |   |  |             |   |  |                  |  
|CASH FLOWS FROM FINANCING
      ACTIVITIES:        |  |             |   |  |             |   |  |                  |  
|Loan from
      shareholder                        |  | -           |   |  | -           |   |  | 40               |  
|Common shares
      issued for cash                |  | -           |   |  | -           |   |  | 130,750          |  
|NET CASH FLOWS FROM FINANCING                      |  | -           |   |  | -           |   |  | 130,790          |  
|ACTIVITIES                                         |  |             |   |  |             |   |  |                  |  
|                                                   |  |             |   |  |             |   |  |                  |  
|NET INCREASE (DECREASE) IN CASH                    |  | (6,902      | ) |  | (2,305      | ) |  | 26,519           |  
|                                                   |  |             |   |  |             |   |  |                  |  
|CASH, BEGINNING OF PERIOD                          |  | 33,421      |   |  | 51,216      |   |  | -                |  
|                                                   |  |             |   |  |             |   |  |                  |  
|CASH, END OF PERIOD                                |  | 26,519      |   |  | 48,911      |   |  | 26,519           |  

See accompanying notes to the consolidated financial statements.

---

5.

LEGEND MARKETING CORP. NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007

|NOTE 1 | OPERATIONS AND GOING-CONCERN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Organization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Legend Marketing Corp. and its subsidiary (the Company)
      are involved in the distribution of print media to a target market. The
      Company currently has one full-time employee who is responsible for all
      day-to-day activities and operations of the Company. The Company was
      incorporated in the state of Nevada on November 18, 2004. On December 1,
      2004, the Board of Directors authorized management to incorporate a wholly
      owned subsidiary to distribute print media in British Columbia, Canada.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Going-concern                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | The accompanying consolidated financial statements have
      been prepared in conformity with generally accepted accounting principles
      in the United States of America, which contemplates continuation of the
      Company as a going-concern. The Company has net income of $19,377 for the
      nine months ended January 31, 2008 (2007  ($30,086)) and had an
      accumulated deficit of $102,148 as at January 31, 2008. These matters
      raise substantial doubt about the Companys ability to continue as a
      going-concern. Managements plan is to attempt to raise additional capital
      until such time as the Company is able to generate sufficient operating
      revenue. Continued operation of the Company is dependent upon the
      Companys ability to meet its financial requirements, raise additional
      capital and the success of its future operations. Management believes that
      its ability to raise additional capital provides the opportunity for the
      Company to continue as a going-concern.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Principles of consolidation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | The consolidated financial statements include the
      accounts and operations of Legend Marketing Corp. and its wholly-owned
      Canadian subsidiary, 0710154 BC Ltd. Intercompany accounts and
      transactions have been eliminated on consolidation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | Interim Consolidated Financial Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | The interim unaudited consolidated financial statements
      have been prepared in accordance with accounting principles generally
      accepted in the United States for interim financial information and with
      the instructions to Securities and Exchange Commission (SEC) Form
      10-QSB. They do not include all of the information and footnotes required
      by generally accepted accounting principles for complete financial
      statements. Therefore, these financial statements should be read in
      conjunction with the Companys audited consolidated financial statements
      and notes thereto for the year ended April 30, 2007, included in the
      Companys Registration Statement on Form SB-2/A filed on January 29, 2008
      with the SEC.                                                                                                                                                                                                                                                                        
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       | The consolidated financial statements included herein are
      unaudited; however, they contain all normal recurring accruals and
      adjustments that, in the opinion of management, are necessary to present
      fairly the Companys consolidated financial position at January 31, 2008
      and 2007, and the consolidated results of its operations and consolidated
      cash flows for the nine months ended January 31, 2008 and 2007. The
      results of operations for the nine months ended January 31, 2008 are not
      necessarily indicative of the results to be expected for future quarters
      or the full year.                                                                                                                                                                                                                                                                                                                                                                                                                     

---

6.

LEGEND MARKETING CORP. NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007

|NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
      continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|------ | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | Foreign currency translation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | The Companys operations and activities are conducted
      principally in Canada hence the Canadian dollar is the functional
      currency. The Company translates financial statements into the functional
      currency as follows: non- monetary assets and liabilities are translated
      at historical rates, and monetary assets and liabilities are translated at
      exchange rates in effect at the end of the period. Income statement
      accounts are translated at average rates for the period. Gains and losses
      from translation of foreign currency financial statements into the
      functional currency are included in current results of operations. Gains
      and losses resulting from foreign currency transactions are also included
      in current results of operations.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | The Companys reporting currency is the United States
      dollar. The Company translates financial statements into the reporting
      currency as follows: assets and liabilities are translated at the rates of
      exchange on the balance sheet date, and revenues and expenses are
      translated at average rates of exchange during the period. The resulting
      translation adjustments are included as part of other comprehensive
      income.                                                                                                                                                                                                                                                                                                                                                     
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | Revenue recognition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | Pursuant to the Master Purchase, Supply and Distribution
      Agreement (the Agreement) between Nuvo Magazine Ltd (Legends sole
      customer) and the Company, 100% of all revenue generated from magazine
      subscriptions are allocated to the Company. Subscription revenue is
      recognized over the length of the subscription, and is net of the cost of
      the magazines. These revenues come via Nuvo Magazine, and not directly
      from the customers. The Company also receives 4.95% (6.95% as of February
      1, 2007) of the total advertising revenues generated by Nuvo Magazine, per
      the Agreement. These revenues are also distributed to the Company from
      Nuvo Magazine.                                                                                             
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | The Company purchases the magazines directly from Nuvo,
      paying $1 per magazine. The purchase of magazines from Nuvo constitutes
      the Companys cost of sales.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       | Per the Agreement between Nuvo Magazine and the Company,
      compensation consists of:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

| | • | 50% of revenues generated through subscription and/or
      sales of magazines as a result of the efforts of the publisher and the
      distributor, less the cost of the magazines until November 30, 2005;                
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | • | 100% of revenues generated through subscriptions and/or
      sales of magazines as a result of the efforts of the publisher and the
      distributor, less the cost of the magazines from December 1, 2005 hence;
      and
| | • | 4.95% of advertising revenues, paid quarterly.                                                                                                                                                                               

Per the amended Agreement effective
February 1, 2007, the cost per unit of Nuvo Magazine was decreased to $0.75 per
magazine. The advertising revenue was also amended so the Company would receive
6.95% of all advertising revenue. This percentage will be increased to 8.95% for
the spring 2008 issue.

Revenue from magazine subscriptions,
according to the Agreement, is recognized when all of the following conditions
are met:

| | • | Delivery has occurred or services
      have been rendered;
| | - | -----------------------------------------------------------
| | • | Price to th3e customer is fixed
      or determinable; and 
| | • | Collectibility is reasonably
      assured.                

The subscriptions that do not fall
within the current accounting period are deferred until the next accounting
period or appropriate period, and are recognized over the length of the
subscription.

Cost of sales

Cost of sales consists of the
purchases the Company makes each month from the supplier (publisher) for
distribution purposes.

---

7.

LEGEND MARKETING CORP. NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007

|NOTE 2 | SUMMARY OF SIGNIFICANT
      ACCOUNTING POLICIES, continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Accounts receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | The Company grants credit to its only customer and
      performs ongoing credit evaluations. The Company generally does not
      require collateral or charge interest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | The Company establishes an allowance for doubtful
      accounts on a case-by-case basis when it believes the required payment of
      specific amounts owed is unlikely to occur after a review of historical
      collection experience, subsequent collections and managements evaluation
      of existing economic conditions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | The Company accounts for income taxes under the asset and
      liability method. Under this method, deferred tax assets and liabilities
      are recognized and measured using enacted tax rates at the balance sheet
      date. Deferred tax expense or benefit is the result of changes in deferred
      tax assets and liabilities. Valuation allowances are established when
      necessary to reduce net deferred tax assets to amounts that are more
      likely than not to be realized.                                                                                                                                                                                                                                                                                                                                       
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Loss per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Basic loss per share is based on net loss divided by the
      weighted average number of common shares outstanding during the period.
      Diluted loss per share is computed using the weighted average number of
      common shares and potentially dilutive common stock equivalents. For the
      periods presented, the Company does not have any common stock equivalents.                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Financial instruments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | The carrying values of cash, accounts receivable,
      accounts payable and amount due to stockholder at January 31, 2008
      approximate their fair values due to the short-term nature of these
      financial instruments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | The Company is exposed to credit risk with respect to its
      accounts receivable as credit is extended to customers based on the
      evaluation of their financial condition and collateral is not required.
      However, the Company mitigates this risk by performing ongoing credit
      assessments of its customers and maintains an allowance for doubtful
      accounts.                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Use of estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | The preparation of financial statements in conformity
      with generally accepted accounting principles in the United States of
      America requires management to make estimates 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. Significant
      areas requiring the use of management estimates include the determination
      of valuation allowance for future tax assets and the calculation of
      stock-based compensation. While management believes the estimates used are
      reasonable, actual results could differ from those estimates and would
      impact future results of operations and cash flows.

---

8.

LEGEND MARKETING CORP. NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007

|NOTE 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES,
      continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       | Recent accounting pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       | In September 2006, the FASB issued Statement of Financial
      Accounting Standards (SFAS) No. 157, Fair Value Measurements. The
      objective of SFAS 157 is to increase consistency and comparability in fair
      value measurements and to expand disclosures about fair value
      measurements. SFAS 157 defines fair value, establishes a framework for
      measuring fair value in generally accepted accounting principles, and
      expands disclosures about fair value measurements. SFAS 157 applies under
      other accounting pronouncements that require or permit fair value
      measurements and does not require any new fair value measurements. The
      provisions of SFAS 157 are effective for fair value measurements made in
      fiscal years beginning after November 15, 2007. The adoption of this
      statement is not expected to have a material effect on the Company's
      future reported financial position or results of operations.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       | In February 2007, the FASB issued SFAS 159, Fair Value
      Option for Financial Assets and Financial Liabilities. The fair value
      option established by this statement permits all entities to choose to
      measure eligible items at fair value at specified election dates. Most of
      the provisions of this statement apply only to entities that elect the
      fair value option. However, the amendment to FASB Statement No. 115,
      Accounting for Certain Investments in Debt and Equity Securities,
      applies to all entities with available- for-sale and trading securities.
      This statement is effective as of the beginning of an entitys first
      fiscal year that begins after November 15, 2007. The Company expects that
      this new pronouncement will have no impact on the Companys financial
      statements.                                                                                                                     
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       | In December 2007, the FASB issued SFAS No. 160
      Noncontrolling Interests in Consolidated Financial Statements-an
      amendment of ARB No. 51. SFAS 160 establishes accounting and reporting
      standards for the noncontrolling interest in a subsidiary and for the
      deconsolidation of a subsidiary. The guidance will become effective for
      the fiscal year beginning after December 15, 2008. The adoption of this
      statement is not expected to have a material effect on the Companys
      consolidated financial statements.                                                                                                                                                                                                                                                                                                                                                                                                                                
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       | In January 2008, Staff Accounting Bulletin (SAB) 110,
      Share-Based Payment was issued. Registrants may continue, under certain
      circumstances, to use the simplified method in developing estimates of the
      expected term of share options as initially allowed by SAB 107,
      Share-Based Payment. The adoption of SAB 110 should have no effect on
      the financial position and results of operations of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|NOTE 3 | ECONOMIC DEPENDENCE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|       | The Company acts as a distributor of Nuvo Magazine Ltd.,
      and is dependent on that company as the supplier of all goods sold by the
      Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

---

9.

LEGEND MARKETING CORP. NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007

|NOTE 4 | RELATED PARTY
      TRANSACTIONS                          
|------ | ----------------------------------------------------------
|       |                                                           
|       | Related party transactions
      consist of the following:

| |                     |   | Nine Months |  |   | Nine Months | 
| | ------------------- | - | ----------- |  | - | ----------- | 
| |                     |   | Ended       |  |   | Ended       | 
| |                     |   | January 31, |  |   | January 31, | 
| |                     |   | 2008        |  |   | 2007        | 
| |                     |   | (unaudited) |  |   |             | 
| |                     |   |             |  |   |             | 
| | Management salaries | $ | 15,563      |  | $ | 21,917      | 

|       | Management salaries for the period were paid to a beneficial
        stockholder of the Company.
      Due to stockholder at January 31, 2008 and 2007 totaled
        $40 and is unsecured, non-interest bearing, with no fixed maturity date.                                                                                                                                                                             
|------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                                                                                             
|NOTE 5 | STOCKHOLDERS EQUITY                                                                                                                                                                                                                                                                                                                                                                                                        
|       |                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Between December 14, 2004 and January 28, 2005, pursuant
      to Rule 504 of Regulation D of the Securities Actof 1934,
      the Company received subscription agreements from certain investors to
      purchase an aggregate of 5,525,000 common shares at a purchase price of
      either $0.03 or $0.01 per common share for total gross proceeds of
      $130,750. All shares were issued prior to April 30, 2005.
|       |                                                                                                                                                                                                                                                                                                                                                                                                                             
|NOTE 6 | INCOME TAXES                                                                                                                                                                                                                                                                                                                                                                                                                
|       |                                                                                                                                                                                                                                                                                                                                                                                                                             
|       | Significant components of the Companys deferred income
      tax assets are as follows:                                                                                                                                                                                                                                                                                                                                    

| |                                    |   | Nine Months |   |   |                  |  
| | ---------------------------------- | - | ----------- | - | - | ---------------- | -
| |                                    |   | Ended       |   |   | Year Ended April |  
| |                                    |   | January 31, |   |   | 30,              |  
| |                                    |   | 2008        |   |   | 2007             |  
| |                                    |   | (unaudited) |   |   |                  |  
| | Deferred income tax asset:         |   |             |   |   |                  |  
| | Net operating losses carry-forward | $ | 102,148     |   | $ | 121,525          |  
| |                                    |   |             |   |   |                  |  
| | Statutory income tax rates         |   | 34%         |   |   | 34%              |  
| |                                    |   |             |   |   |                  |  
| | Deferred income tax asset          |   | 34,730      |   |   | 41,319           |  
| |                                    |   |             |   |   |                  |  
| | Valuation allowance                |   | (34,730     | ) |   | (41,319          | )
| |                                    |   |             |   |   |                  |  
| | Net deferred income tax asset      | $ | -           |   | $ | -                |  

---

10.

LEGEND MARKETING CORP. NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS FOR THE PERIOD ENDED JANUARY 31, 2008 AND 2007

|NOTE 6 | INCOME TAXES,
      continued                                                                                                                                                                                                                                                                                                                     
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       |                                                                                                                                                                                                                                                                                                                                                   
|       | The Company, based upon its loss and managements
      assessment of when operations are anticipated to generate taxable income,
      has concluded that it is more likely than not that none of the net
      deferred income tax assets will be realized through future taxable
      earnings and has established a full valuation allowance.
|       |                                                                                                                                                                                                                                                                                                                                                   
|       | Reconciliation of the effective
      income tax rate to the U.S. statutory rates is as follows:                                                                                                                                                                                                                                                  

| |                                                                    |   | Nine Months |   |   | Nine Months |  
| | ------------------------------------------------------------------ | - | ----------- | - | - | ----------- | -
| |                                                                    |   | Ended       |   |   | Ended       |  
| |                                                                    |   | January 31, |   |   | January 31, |  
| |                                                                    |   | 2008        |   |   | 2007        |  
| |                                                                    |   | (unaudited) |   |   |             |  
| |                                                                    |   |             |   |   |             |  
| | Tax expense at U.S. statutory income tax
      rates               |   | 34 %        |   |   | 34%         |  
| | Income tax (expense) benefit computed at U.S. statutory
      rate | $ | (6,588      | ) | $ | 10,229      |  
| |                                                                    |   |             |   |   |             |  
| | Non-capital loss carried forward                                   |   | 6,588       |   |   | -           |  
| |                                                                    |   |             |   |   |             |  
| | Unrecognized tax gains (losses)                                    |   | -           |   |   | (10,229     | )
| |                                                                    |   |             |   |   |             |  
| |                                                                    | $ | -           |   | $ | -           |  

Net operating loss carry-forwards from
U.S. operations totaling approximately $102,148 at January 31, 2008 are being
carried forward. The net operating loss carry-forwards expire beginning in 2025
for general income tax purposes.

---

Item
2.           Management's
Discussion And Analysis Or Plan Of Operation

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements.
Forward-looking statements are projections of events, revenues, income, future
economic performance or managements plans and objectives for our future
operations. Statements containing terms like "believes", "does not believe",
"plans", "expects", "intends", "estimates", "anticipates", and other phrases of
similar meaning are considered to imply uncertainty and are forward-looking
statements.

Forward-looking statements involve known and unknown risks and
uncertainties that may cause our actual results in future periods to differ
materially from what is currently anticipated. We make cautionary statements
throughout this quarterly report and the documents we have incorporated by
reference, including those stated under the heading "Risk Factors". You should
read these cautionary statements as being applicable to all related
forward-looking statements wherever they appear in this quarterly report, the
materials referred to in this quarterly report, and the materials incorporated
by reference into this quarterly report.

Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. Except as required by
applicable law, including the securities laws of the United States, we do not
intend to update any of the forward-looking statements to conform these
statements to actual results.

Our financial statements are stated in United States dollars
and are prepared in accordance with United States generally accepted accounting
principles. In this quarterly report, unless otherwise specified, all dollar
amounts are expressed in United States dollars. All references to common
shares refer to the common shares in our capital stock.

As used in this quarterly report, the terms we, us and
our mean Legend Marketing Corp., and, unless otherwise indicated, our
wholly-owned subsidiary, 0710154 BC Ltd., a British Columbia corporation.

Corporate History

We were incorporated in the State of Nevada on November 17,
2004 and commenced business operations through our wholly owned subsidiary,
0710154 B.C. Ltd., in British Columbia, Canada in December of 2004. 0710154 B.C.
Ltd. was incorporated in the Province of British Columbia on December 1, 2004.

We are in the business of magazine and print media promotion
and marketing. Through our wholly-owned subsidiary, 0710154 B.C. Ltd., we
provide marketing and promotion services to help new titles, independent, or
special interest magazines and print media adapt to todays complex and rapidly
evolving market place.

Our target market is the independently published magazines. We
strive to help promote each of our current and future independent published
magazine clients into a network which is designed and refined as their needs
change to achieve maximum circulation and sales efficiency. We understand that
for independent magazine publishers, producing a quality publication is only
part of the process. Timely and broad distribution is equally important.
However, because the magazine distribution industry in North America has been
dominated with a few major wholesalers and distributors such as Time
Distribution Services and Comag Marketing Group, it is difficult for
independently published magazines to get

5

---

through the complicated and treacherous magazine distribution
channels in a cost effective fashion. Further, the distribution systems
developed by national marketing companies for major publishers have very low
efficiency levels. According to Michael Sullivan of Comag Marketing Group, for
every 100,000 units pumped into the newsstand channels, 64,000 are returned and
destroyed. That means distributors and retailers have to touch 164,000 units to
sell 36,000. We believe our marketing and promotion services can be a reasonable
alternative for independently published magazines to the distribution systems
set up by national marketing companies. The statistics referred to in this
paragraph can be found in an article published at the following URL address:
http://findarticles.com/p/articles/mi_m3374/is_6_24/ ai_85285883/print.

Revenue for magazines is primarily generated from advertising.
Subscriptions generate a much smaller proportion of total revenue. By increasing
the number of magazines distributed to a targeted market, our current and
prospective clients can increase their revenues by charging more to companies
advertising in their magazines.

Our current and future magazine clients are responsible for
designing and printing the magazine. They collect all monies from subscriptions
and advertising revenue. They will be responsible for delivering the magazines
to a direct mail company who will, in turn, deliver the magazines to the
subscribers. We will provide the direct mail company with the addresses of the
subscribers.

We are responsible for increasing the number of subscribers of
the magazines. This is done through a number of channels  newsstands where
single copies are sold, subscriptions to individuals, controlled invited readers
and bulk distribution to one address comprised mainly of hotels, country clubs,
etc.

We also plan to develop creative ways for new subscriptions
including:

- direct mailings
- free standing-inserts
- preview issues
- agencies
- corporate subscriptions
- retailer partnerships
- hotel distribution
- airline partnerships
- club memberships
- premium contests
- credit card subscriptions

Plan of Operation

We anticipate that our primary contracts will be with
independently published magazines. In our agreement with our current client,
NUVO Magazine, we will receive 100% of the subscription proceeds from the
magazines sold by us. The owner of NUVO Magazine is the father-in-law of our
President, Secretary and Treasurer, Franco Perrotta.

Under the Master Purchase, Supply and Distribution Agreement
  we entered into with NUVO Magazines, we have received 4.95% of the advertising
  revenue paid quarterly up to February 2007. Since February 2007 we have entered
  into an amending agreement with NUVO Magazine to increase our percentage of
  the advertising revenues to 6.95% for one full year and after that we will increase
  our percentage of advertising revenue to 8.95% . As the advertising revenue
  also increases based on increased readership, so does our income under this
  agreement. In December 2007, we entered into a second amending agreement to
  extend the term of the Master Purchase, Supply and Distribution Agreement to
  December 31, 2009.

6

---

We plan to enter into promotion and marketing agreements with
other independently published magazines based on arrangements similar to the one
we have with NUVO Magazine. We are in the research stages of investigating those
in the Canadian publishing marketplace who share similar publishing structures
like NUVO Magazine to see if the business relationship that we share with NUVO
Magazine can be universally adapted to other clients. This involves an analysis
of potential client's distribution structures, desire/need to
increase/streamline their distribution partners, creating customized promotional
materials for potential retail and other partners in the efforts of expanding
distribution points, etc. We do not anticipate having any new clients within the
next twelve months.

In the past twelve months, in addition to providing marketing
services to NUVO Magazine we have also been trying to locate new magazines
similar to NUVO Magazine in Canada because we see those magazines targeting the
similar upper-class affluent readers in Canada as a natural extension of our
market. We have telephoned independent publishers whom we believed were
publishing magazines along the same line as NUVO Magazine and we have attended
the one-of-a-kind trade show in Toronto where we hoped magazines show casing
luxury lifestyles would be present. The result of our research indicated that at
this point there is not another magazine in Canada that caters to the luxury
lifestyle market. In the next 12 months we will attend events such as the
one-of-a-kind trade show in Toronto in search of new clients. The magazine
publishing industry is a fast-paced industry with publications coming and going
yearly. We believe that we will be in the research stages and looking for new
clients for the next 12 months and we do not anticipate having any new clients
within the next twelve months. We are constantly researching the launching of
new publications across Canada in search of a magazine that caters to the more
affluent readers. If a new magazine catering to the more affluent readers were
to be released, we believe that we would be one of the few companies with the
knowledge and experience in distributing and marketing that particular
magazine.

Results of Operations

Nine Months Ended January 31, 2008 Compared to Nine Months
Ended January 31, 2007

Revenues for the nine months ended January 31, 2008 were
$137,393, compared to revenues of $86,647 for the nine months ended January 31,
2007. The increase in revenues during our nine months ended January 31, 2008
reflects the increasing fees earned under the amended terms of our agreement
with NUVO Magazine and the popularity of NUVO Magazine that has generated
increased subscription proceeds.

Cost of sales was $57,998, or 42% of revenues, for the nine
months ended January 31, 2008, compared to $70,302 or 81% of revenues for the
nine months ended January 31, 2007. We have done a better job at controlling the
costs of sales but we anticipate that cost of sales will increase slightly in
the future as our company generates more subscriptions for NUVO Magazine and
other future clients.

General and administrative expenses were $60,018 for the nine
months ended January 31, 2008, compared to $46,525 for the nine months ended
January 31, 2007. Professional fees for the nine months ended January 31, 2008
were $40,241, compared to $23,655 for the nine months ended January 31, 2007.
Our company anticipates that we will continue to incur increasing professional
fees, such as legal and accounting fees, as a result of our company intending to
become a publicly traded company in the United States.

We reported a comprehensive income of $18,039 for the nine
months ended January 31, 2008.

7

---

Three Months Ended January 31, 2008 Compared to Three Months
Ended January 31, 2007

Revenues for the three months ended January 31, 2008 were
$52,569, compared to revenues of $33,216 for the three months ended January 31,
2007. The increase in revenues during our three months ended January 31, 2008
reflects the increasing fees earned under the amended terms of our agreement
with NUVO Magazine and the popularity of NUVO Magazine that has generated
increased subscription proceeds.

Cost of sales was $19,946, or 38% of revenues, for the three
months ended January 31, 2008, compared to $23,095 or 70% of revenues for the
three months ended January 31, 2007. We have done a better job at controlling
the costs of sales but we anticipate that cost of sales will increase slightly
in the future as our company generates more subscriptions for NUVO Magazine and
other future clients.

General and administrative expenses were $28,595 for the three
months ended January 31, 2008, compared to $8,226 for the three months ended
January 31, 2007. Professional fees for the three months ended January 31, 2008
were $20,138, compared to $2,714 for the three months ended January 31, 2007. We
anticipate that we will continue to incur increasing professional fees, such as
legal and accounting fees, as a result of our company intending to become a
publicly traded company in the United States.

We reported a comprehensive income of $3,099 for the three
months ended January 31, 2008.

Financial Condition, Liquidity and Capital Resources

Capital Expenses and Sources of Funds

Presently, our revenue is not sufficient to meet our operating
and capital expenses. Management projects that we will require additional
funding to expand our current operations.

There is some doubt about our ability to continue as a going
concern as the continuation of our business is dependent upon successful and
sufficient market acceptance of the magazines we distribute, and finally,
maintaining a break even or profitable level of operations.

We have incurred operating losses since inception, and this is
likely to continue into the year ending April 30, 2008. Management projects that
we may require an additional $58,000 to $62,000 to fund our ongoing operating
expenditures, working capital requirements for the next twelve months, which are
broken down as follows:

Estimated Capital Expenditures During the Next Twelve Months


Operating expendituresMarketing
    $10,000 
      $11,000General and Administrative
    $3,000  $4,000Legal and Accounting
    $38,000 
      $39,000Working capital
    $7,000  $8,000Total
    $58,000  $62,000


As a result of becoming a publicly reporting company in the
United States, we expect to incur the following compliance costs, including
costs related to preparation and filing of annual and periodic reports and costs
related to internal controls.

8

---

Estimated Cost of Becoming a Publicly Reporting Company
  During the Next Twelve Months

Legal fees
    $20,000Independent Registered Public
    $14,000AccountantsInternal control procedures
    $2,000  $2,500Filing costs and fees
    $500  $1,000Total
    $38,000  $39,000


We intend to satisfy the above compliance costs with revenues
generated through our business activities. We believe our current level of
revenues should be sufficient to allow us to meet these compliance costs.
However, if our revenues decrease for any reason, these compliance costs will
remain at the same level and will affect our financial condition adversely.

Our cash on hand as at January 31, 2008 was $26,519, compared
to $33,421 as at April 30, 2007. As at January 31, 2008, we had working capital
of $23,390, compared to a working capital of $5,351 as at April 30, 2007. We
amended our agreement with NUVO Magazine in February 2007 and as a result, from
February 2007, we have increased the percentage of our advertising revenue from
NUVO Magazine to 6.95% for one full year and we anticipate that this will bring
an additional revenue of approximately $46,000 for the next 12 months. In
December 2007, we further amended our agreement with NUVO Magazine to extend the
term of the agreement to December 31, 2009 and NUVO Magazine agreed to further
increase our percentage of advertising revenue to 8.95% after December 2007.
Since February 2007, we have also reduced the cost of magazines sold from $1.00
per magazine to $0.75 per magazine. These terms are contained in the our
amending agreement and second amending agreement with NUVO Magazine filed as
exhibits to this registration statement as Exhibits 10.3 and 10.4. We anticipate
that the additional revenue and the working capital we currently have will be
sufficient for us to address our minimum current and ongoing expenses, continue
with marketing and promotion activity connected with the development and
marketing of our services for the next 12 months. However, if we stop generating
revenues from our business operations, these funds will only be sufficient to
satisfy our minimum cash requirement for the next three months.

If we require any additional monies during fiscal 2008, we plan
to raise any such additional capital primarily through the private placement of
our securities. However, we currently have not made a significant effort to
secure additional source of financing.

Due to the uncertainty of our ability to meet our current
operating and capital expenses, in their report on our audited annual financial
statements for the years ended April 30, 2007 and April 30, 2006, our
independent auditors included an explanatory paragraph regarding concerns about
our ability to continue as a going concern. Our financial statements contain
additional note disclosures describing the circumstances that lead to this
disclosure by our independent auditors. There is substantial doubt about our
ability to continue as a going concern as the continuation and expansion of our
business is dependent upon obtaining further financing, successful and
sufficient market acceptance of the magazines we distribute, and, finally,
achieving a profitable level of operations. The issuance of additional equity
securities by us could result in a significant dilution in the equity interests
of our current stockholders. Obtaining commercial loans, assuming those loans
would be available, will increase our liabilities and future cash
commitments.

The financial requirements of our company for the next twelve
months are primarily dependent upon the financial support through credit
facilities of our directors and shareholders and additional private

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placements of our equity securities to our directors and
shareholders or new shareholders. The issuance of additional equity securities
by us may result in a significant dilution in the equity interests of our
current shareholders. There is no assurance that we will be able to obtain
further funds required for our continued operations or that additional financing
will be available to us when needed or, if available, that it can be obtained on
commercially reasonable terms. If we are not able to obtain the additional
financing on a timely basis, we will not be able to meet our other obligations
as they become due and we will be forced to scale down or perhaps even cease our
operations. We do not currently have any plans to merge with another company,
and we have not entered into any agreements or understandings for any such
merger.

Purchase of Significant Equipment

We do not anticipate the purchase or sale of any plant or
significant equipment during the next 12 months.

Employees

Our president, secretary and treasurer, Mr. Franco Perrotta, is
currently the only employee of our company. He handles all the responsibilities
in the areas of corporate administration, business development and research. Our
company intends to periodically hire independent contractors to perform
administrative, accounting, shipping and consulting duties. Our company will
hire additional employees when circumstances warrant. At present, however, our
company does not anticipate hiring additional employees in the near future.

Going Concern

The financial statements included with this quarterly report
have been prepared on the going concern basis which assumes that adequate
sources of financing will be obtained as required and that our assets will be
realized and liabilities settled in the ordinary course of business.
Accordingly, the financial statements do not include any adjustments related to
the recoverability of assets and classification of assets and liabilities that
might be necessary should we be unable to continue as a going concern.

In order to continue as a going concern, we require additional
financing. There can be no assurance that additional financing will be available
to us when needed or, if available, that it can be obtained on commercially
reasonable terms. If we are not able to continue as a going concern, we would
likely be unable to realize the carrying value of our assets reflected in the
balances set out in our consolidated financial statements.

Off-Balance Sheet Arrangements

Our company has no outstanding derivative financial
instruments, off-balance sheet guarantees, interest rate swap transactions or
foreign currency contracts. We do not engage in trading activities involving
non-exchange traded contracts.

Recent Accounting Pronouncements

In September 2006, the FASB issued Statement of Financial
Accounting Standards (SFAS) No. 157, Fair Value Measurements. The objective
of SFAS 157 is to increase consistency and comparability in fair value
measurements and to expand disclosures about fair value measurements. SFAS 157
defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair
value measurements. SFAS 157 applies under other accounting pronouncements that
require or permit fair value measurements and does not require any new fair
value

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measurements. The provisions of SFAS 157 are effective for fair
value measurements made in fiscal years beginning after November 15, 2007. The
adoption of this statement is not expected to have a material effect on the
Company's future reported financial position or results of operations.

In February 2007, the FASB issued SFAS 159, Fair Value Option
for Financial Assets and Financial Liabilities. The fair value option
established by this statement permits all entities to choose to measure eligible
items at fair value at specified election dates. Most of the provisions of this
statement apply only to entities that elect the fair value option. However, the
amendment to FASB Statement No. 115, Accounting for Certain Investments in Debt
and Equity Securities, applies to all entities with available-for-sale and
trading securities. This statement is effective as of the beginning of an
entitys first fiscal year that begins after November 15, 2007. The Company
expects that this new pronouncement will have no impact on the Companys
financial statements.

In December 2007, the FASB issued SFAS No. 160 Noncontrolling
Interests in Consolidated Financial Statements-an amendment of ARB No. 51. SFAS
160 establishes accounting and reporting standards for the noncontrolling
interest in a subsidiary and for the deconsolidation of a subsidiary. The
guidance will become effective for the fiscal year beginning after December 15,
2008. The adoption of this statement is not expected to have a material effect
on the Companys consolidated financial statements.

In January 2008, Staff Accounting Bulletin (SAB) 110,
Share-Based Payment was issued. Registrants may continue, under certain
circumstances, to use the simplified method in developing estimates of the
expected term of share options as initially allowed by SAB 107, Share-Based
Payment. The adoption of SAB 110 should have no effect on the financial
position and results of operations of the Company.

Application of Critical Accounting Policies

Our financial statements and accompanying notes have been
prepared in conformity with accounting principles generally accepted in the
United States of America for financial statements. Preparing financial
statements requires management to make estimates and assumptions that affect the
reported amounts of assets, liabilities, revenue, and expenses. These estimates
and assumptions are affected by managements application of accounting policies.
We believe that understanding the basis and nature of the estimates and
assumptions involved with the following aspects of our financial statements is
critical to an understanding of our financials.

Foreign Currency Translation

The Companys operations and activities are conducted
principally in Canada hence the Canadian dollar is the functional currency. The
Company translates financial statements into the functional currency as follows:
non-monetary assets and liabilities are translated at historical rates, and
monetary assets and liabilities are translated at exchange rates in effect at
the end of the period. Income statement accounts are translated at average rates
for the period. Gains and losses from translation of foreign currency financial
statements into the functional currency are included in current results of
operations. Gains and losses resulting from foreign currency transactions are
also included in current results of operations.

The Companys reporting currency is the United States dollar.
The Company translates financial statements into the reporting currency as
follows: assets and liabilities are translated at the rates of exchange on the
balance sheet date, and revenues and expenses are translated at average rates of
exchange during the period. The resulting translation adjustments are included
as part of other comprehensive income.

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Revenue Recognition

Pursuant to the Master Purchase, Supply and Distribution
Agreement (the Agreement) between Nuvo Magazine Ltd (Legends sole customer)
and the Company, 100% of all revenue generated from magazine subscriptions are
allocated to the Company. Subscription revenue is recognized over the length of
the subscription, and is net of the cost of the magazines. These revenues come
via Nuvo Magazine, and not directly from the customers. The Company also
receives 4.95% (6.95% as of February 1, 2007) of the total advertising revenues
generated by Nuvo Magazine, per the Agreement. These revenues are also
distributed to the Company from Nuvo Magazine.

The amount of any excess accumulated costs over related
billings will be described as "Costs of uncompleted contracts in excess of
related billings" and will be a current asset. The amount of any excess
accumulated billings over related costs will be described as "Billings on
uncompleted contracts in excess of related costs" and will be a current
liability.

The Company purchases the magazines directly from Nuvo, paying
$1 per magazine. The purchase of magazines from Nuvo constitutes the Companys
cost of sales.

Per the Agreement between Nuvo Magazine and the Company,
compensation consists of:

- 50% of revenues generated through subscription and/or sales of magazines
  as a result of the efforts of the publisher and the distributor, less the cost
  of the magazines until November 30, 2005;
- 100% of revenues generated through subscriptions and/or sales of magazines
  as a result of the efforts of the publisher and the distributor, less the cost
  of the magazines from December 1, 2005 hence; and
- 4.95% of advertising revenues, paid quarterly.

Per the amended Agreement effective February 1, 2007, the cost
per unit of Nuvo Magazine was decreased to $0.75 per magazine. The advertising
revenue was also amended so the Company would receive 6.95% of all advertising
revenue. This percentage will be increased to 8.95% for the spring 2008 issue.

Revenue from magazine subscriptions, according to the
Agreement, is recognized when all of the following conditions are met:

- Delivery has occurred or services have been rendered;
- Price to the customer is fixed or determinable; and
- Collectibility is reasonably assured.

The subscriptions that do not fall within the current
accounting period are deferred until the next accounting period or appropriate
period, and are recognized over the length of the subscription.

Cost of Sale

Cost of sales consists of the purchases the Company makes each
month from the supplier (publisher) for distribution purposes.

Accounts Receivable

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The Company grants credit to its only customer and performs
ongoing credit evaluations. The Company generally does not require collateral or
charge interest.

The Company establishes an allowance for doubtful accounts on a
case-by-case basis when it believes the required payment of specific amounts
owed is unlikely to occur after a review of historical collection experience,
subsequent collections and managements evaluation of existing economic
conditions.

Income Taxes

The Company accounts for income taxes under the asset and
liability method. Under this method, deferred tax assets and liabilities are
recognized and measured using enacted tax rates at the balance sheet date.
Deferred tax expense or benefit is the result of changes in deferred tax assets
and liabilities. Valuation allowances are established when necessary to reduce
net deferred tax assets to amounts that are more likely than not to be realized.

Loss Per Share

Basic loss per share is based on net loss divided by the
weighted average number of common shares outstanding during the period. Diluted
loss per share is computed using the weighted average number of common shares
and potentially dilutive common stock equivalents. For the periods presented,
the Company does not have any common stock equivalents.

Financial Instruments

The carrying values of cash, accounts receivable, accounts
payable and amount due to stockholder at January 31, 2008 approximate their fair
values due to the short-term nature of these financial instruments.

The Company is exposed to credit risk with respect to its
accounts receivable as credit is extended to customers based on the evaluation
of their financial condition and collateral is not required. However, the
Company mitigates this risk by performing ongoing credit assessments of its
customers and maintains an allowance for doubtful accounts.

Use of Estimates

The preparation of financial statements in conformity with
generally accepted accounting principles in the United States of America
requires management to make estimates 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. Significant areas requiring the use of management
estimates include the determination of valuation allowance for future tax assets
and the calculation of stock-based compensation. While management believes the
estimates used are reasonable, actual results could differ from those estimates
and would impact future results of operations and cash flows.

RISK FACTORS

Risks Related To Our Business

We have had minimal revenues from operations and if we are
not able to obtain further financing we may be forced to scale back or cease
operations or our business operations may fail.

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To date we have not generated significant income from our
operations and we have been dependent on sales of our equity securities to meet
the majority of our cash requirements. We have generated $124,440 in revenue
from the sale of NUVO Magazines pursuant to the Master Purchase, Supply and
Distribution Agreement for the fiscal year ended April 30, 2007 and we have
generated $137,393 in revenues for the nine month period ended January 31, 2008.
We generated net losses of $31,120 for the fiscal year ended April 30, 2007 and
a net profit of $19,377 for the nine month period ended January 31, 2008. We had
a working capital of $5,351 as at April 30, 2007 and a working capital of
$23,390 as at January 31, 2008. We estimate that we will require between $58,000
and $62,000 to carry out our business plan for the next 12 months. Because we
cannot anticipate when we will be able to generate significant revenues from our
business, we will need to raise additional funds to continue to expand our
magazine promotion and marketing business, to enter into promotion and
distribution agreements with additional magazines, to respond to competitive
pressures, or to respond to unanticipated requirements or expenses. If we are
not able to generate significant revenues from the sale, promotion and
distribution of magazines we will not be able to maintain our operations or
achieve a profitable level of operations.

We have only commenced our business operations in December
2004 and we have a limited operating history. If we cannot successfully manage
the risks normally faced by start-up companies, we may not achieve profitable
operations and ultimately our business may fail.

We have a limited operating history. Our operating activities
since our incorporation on November 17, 2004 consisted primarily of entering
into a Master Purchase, Supply and Distribution Agreement with NUVO Magazine and
carrying out our obligation to promote and distribute NUVO magazines under that
agreement. On December 1, 2004, we incorporated our wholly-owned subsidiary,
0710154 B.C. Ltd., a British Columbia, Canada company and began our operations
in the Province of British Columbia, Canada. Our prospects are subject to the
risks and expenses encountered by start up companies, such as uncertainties
regarding our level of future revenues and our inability to budget expenses and
manage growth accordingly and our inability to access sources of financing when
required and at rates favorable to us. Our limited operating history and the
highly competitive nature of the magazine distribution and promotion industry
make it difficult or impossible to predict future results of our operations. We
may not be able to persuade a large number of magazines to use our promotion and
distribution services or we may not be able to sell those magazines which agree
to use our services to a wide customer base. Our inability to accomplish either
of these business objectives may result in the loss of some or all of your
investment in our common stock.

The fact that we are in the early stage of development of
our company and that we have only generated limited revenues since our
incorporation raises substantial doubt about our ability to continue as a going
concern, as indicated in our independent auditors report in connection with our
audited consolidated financial statements.

Since we are still in the early stages of developing our company
  and because of the loss from business operations at April 30, 2006 and 2007,
  our independent auditors report includes an explanatory paragraph about
  our ability to continue as a going concern. We will, in all likelihood, continue
  to incur operating expenses without significant revenues until we increase the
  number of our independently published magazine clients. We estimate our average
  monthly operating expenses to be approximately $4,500 per month. At this rate
  we will not be able to expand our operations beyond current levels without generating
  significant revenues from our operations or obtaining further financing. Our
  primary source of funds has been the sale of our common stock. We cannot assure
  that we will be able to generate enough interest in our magazine promotion and
  distribution services. If we cannot attract a significant number of magazines
  to enter into promotion and distribution agreements with us, we will not be
  able to generate any significant revenues or income. In addition, if we are
  unable to establish and generate material revenues, or obtain adequate future
  financing, our business will fail and you may lose some or all of your

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investment in our common stock. These circumstances raise
substantial doubt about our ability to continue as a going concern as described
in an explanatory paragraph to our independent auditors report on the financial
statements for the fiscal year ended April 30, 2007.

We will need to raise additional funds in the near future.
If we are not able to obtain future financing when required, we might be forced
to scale back or cease operations or discontinue our business.

We do not currently have any arrangements for financing and we
can provide no assurance to investors we will be able to find such financing
when such funding is required. Obtaining additional financing would be subject
to a number of factors, including investor acceptance of our business model.
Furthermore, there is no assurance that we will not incur further debt in the
future, that we will have sufficient funds to repay our future indebtedness or
that we will not default on our future debts, thereby jeopardizing our business
viability. Finally, we may not be able to borrow or raise additional capital in
the future to meet our needs or to otherwise provide the capital necessary to
maintain our operations, which might result in the loss of some or all of your
investment in our common stock.

As at January 31, 2008, we had cash in the amount of $26,519
and a working capital of $23,390. Accordingly we anticipate that we may not have
sufficient funds to satisfy our cash requirements beyond the next three months
if we stop generating revenues from our business operations. There is no
assurance that actual cash requirements will not exceed our estimates. In
particular, additional capital may be required in the event that:

- we are unable to create a substantial
interest for our promotion and distribution services among the magazine
publishers;

- we are unable to create a substantial
interest for those magazines with whom we do eventually enter into promotion and
distribution agreements among the end consumers; or

- we incur any significant
unanticipated expenses.

The occurrence of any of the aforementioned events could
prevent us from pursuing our business plan, expanding our business operations
and ultimately achieving a profitable level of such operations.

We will depend almost exclusively on outside capital to pay for
the continued development and marketing of our services. Such outside capital
may include the sale of additional stock and/or commercial borrowing. There can
be no assurance that capital will continue to be available if necessary to meet
these continuing development costs or, if the capital is available, that it will
be on terms acceptable to us. The issuance of additional equity securities by us
will result in a significant dilution in the equity interests of our current
stockholders. Obtaining commercial loans, assuming those loans would be
available, will increase our liabilities and future cash commitments.

If we are unable to obtain financing in the amounts and on
terms deemed acceptable to us, we may not be able to expand or continue our
magazine promotion and distribution operations and so may be forced to scale
back or cease operations or discontinue our business.

All of our assets and our sole director and officer are
outside the United States, with the result that it may be difficult for
investors to enforce within the United States any judgments obtained against us
or any of our sole director and officer.

All of our assets are located outside the United States and we
do not currently maintain a permanent place of business within the United
States. In addition, our sole director and officer is a national and resident of
Canada and not the United States, and all or a substantial portion of his assets
are located outside the

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United States. As a result, it may be difficult for investors
to enforce within the United States any judgments obtained against us or our
sole officer or director, including judgments predicated upon the civil
liability provisions of the securities laws of the United States or any state
thereof. Consequently, you may be effectively prevented from pursuing remedies
under U.S. federal securities laws against him.

Because we face intense competition, an investment in our
company is highly speculative.

The magazine and publication promotion and marketing industry
is characterized by intense and substantial competition. We believe that we will
have to compete with large and established companies such as RetailVision,
Ingram Periodicals, Curtis Circulation Company, Time Distribution Services,
Comag Marketing Group, as well as other small to medium sized magazine and
publication promoters and distributors.

These existing and future competitors may be able to respond
more quickly to new or changing opportunities, technologies and customer
requirements than us and may be able to undertake more extensive promotional
activities, offer more attractive terms to customers and adopt more aggressive
pricing policies than we do. Increased competition by these existing and future
competitors will negatively affect our ability to maintain or expand our
operations, or achieve profitability.

Because we have only one officer and one director who are
responsible for our managerial and organizational structure, when we become a
public company, there may not be effective disclosure and accounting controls to
comply with applicable laws and regulations which could result in fines,
penalties and assessments against us.

We have only one officer and one director, Franco Perrotta. He
is solely responsible for our managerial and organizational structure which will
include preparation of disclosure and accounting controls under the Sarbanes
Oxley Act of 2002. When theses controls are implemented, our officer and
director will be responsible for the administration of the controls. Should he
not have sufficient experience or sufficient time to spend on our business
operations, he may be incapable of creating and implementing the controls which
may cause us to be subject to sanctions and fines by the Securities Exchange
Committee which ultimately could cause us to lose money and possibly to go out
of business.

The costs of being a public reporting company for our
company because of the requirements imposed by the Sarbanes-Oxley Act may be
very high and may cause us to devote a disproportional amount of our capital
resources to the compliance of these requirements and adversely affect our
financial conditions.

The Sarbanes-Oxley Act of 2002 and the related rules and
regulations promulgated by the Securities and Exchange Commission have increased
the scope, complexity, and cost of corporate governance, reporting, and
disclosure practices. These regulations are applicable to our company. We expect
to experience increasing compliance costs, including costs related to
preparation and filing of annual and periodic reports and costs related to
internal controls, as a result of the Sarbanes-Oxley Act. These necessary costs
are proportionately higher for a public company of our size and will affect our
profitability more than that of some of our larger competitors and may adversely
affect our financial conditions.

We depend on Franco Perrotta as the director and officer of
our company to operate our business and if he leaves our company and we are
unable to hire and replace him with qualified personnel, our results of
operations will be adversely affected in a material manner.

Our president, secretary, treasurer and director, Franco
Perrotta, handles all of the responsibilities in the area of corporate
administration, business development and research. The space for our executive
and

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head office is also provided to us by Mr. Perrotta without
charge. In addition, Mr. Perrotta will also provide us with capital raising
services. Other than Mr. Perrotta, we do not anticipate hiring any additional
employees in the near future. The loss of the services of this or other future
director, executive officer or key personnel, or the inability to identify,
hire, train and retain other qualified directors, executive officers or
personnel in the future would have a material adverse affect on our business,
financial condition and operating results. We do not maintain any life insurance
policies on any director, executive, or key personnel for our benefit. If Mr.
Perrotta sells all or most of his shares common stock, he may no longer have an
incentive to remain with us, which would damage our business.

Because our sole officer, director and principal shareholder
controls a large percentage of our common stock, investors will have little or
no control over our management or other matters requiring shareholder approval.

Our sole officer and director, Franco Perrotta, beneficially
  owns 31.67% of issued and outstanding shares of our common stock. As a result,
  he has the ability to control matters affecting minority shareholders, including
  the election of our directors, the acquisition or disposition of our assets,
  and the future issuance of our shares. Because our sole officer, director and
  principal shareholder, Franco Perrotta, effectively controls the company, investors
  will have difficulty replacing our management if they disagree with the way
  our business is being run. Because control by the insider could result in management
  making decisions that are in the best interest of the insider and not in the
  best interest of the investors, you may lose some or all of the value of your
  investment in our common stock.

Because we do not have sufficient insurance to cover our
business losses, we might have uninsured losses, increasing the possibility that
you would lose your investment.

We may incur uninsured liabilities and losses as a result of
the conduct of our business. We do not currently maintain any comprehensive
liability or business insurance. Even if we obtain such insurance in the future,
we may not carry sufficient insurance coverage to satisfy potential claims. We
do not carry any business interruption insurance. Should uninsured losses occur,
any purchasers of our common stock could lose their entire investment.

Because we can issue additional common shares, purchasers of
our common stock may incur immediate dilution and may experience further
dilution.

We are authorized to issue up to 75,000,000 common shares, of
which 5,525,000 are issued and outstanding. Our board of directors has the
authority to cause our company to issue additional shares of common stock
without the consent of any of our shareholders. Consequently, our shareholders
may experience more dilution in their ownership of our company in the
future.

Risks Associated with Our Common Stock

There is no active trading market for our common stock and
if a market for our common stock does not develop, our investors will be unable
to sell their shares.

There is currently no active trading market for our common
stock and such a market may not develop or be sustained. We currently plan to
have our common stock quoted on the National Association of Securities Dealers
Inc.s OTC Bulletin Board upon the effectiveness of this registration statement
of which this prospectus forms a part. In order to do this, a market maker must
file a Form 15c-211 to allow the market maker to make a market in our shares of
common stock. At the date hereof, we are not aware that any market maker has any
such intention. However, we cannot provide our investors with any assurance that
our common stock will be traded on the OTC Bulletin Board or on any other
exchange and,

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if traded, that a public market will materialize. Further, the
OTC Bulletin Board is not a listing service or exchange, but is instead a dealer
quotation service for subscribing members. If our common stock is not quoted on
the OTC Bulletin Board or if a public market for our common stock does not
develop, then investors may not be able to resell the shares of our common stock
that they have purchased and may lose all of their investment. If we establish a
trading market for our common stock, the market price of our common stock may be
significantly affected by factors such as actual or anticipated fluctuations in
our operation results, general market conditions and other factors. In addition,
the stock market has from time to time experienced significant price and volume
fluctuations that have particularly affected the market prices for the shares of
developmental stage companies, which may materially adversely affect the market
price of our common stock.

Because we do not intend to pay any dividends on our common
shares, investors seeking dividend income or liquidity should not purchase
shares in this offering.

We do not currently anticipate declaring and paying dividends
to our shareholders in the near future. It is our current intention to apply net
earnings, if any, in the foreseeable future to increasing our working capital.
Prospective investors seeking or needing dividend income or liquidity should,
therefore, not purchase our common stock. We have had a history of losses, so
there can be no assurance that we will ever have sufficient earnings to declare
and pay dividends to the holders of our shares, and in any event, a decision to
declare and pay dividends is at the sole discretion of our board of directors,
who currently do not intend to pay any dividends on our common shares for the
foreseeable future.

Sales of a substantial number of shares of our common stock
into the public market by the selling stockholders may result in significant
downward pressure on the price of our common stock and could affect the ability
of our stockholders to realize any current trading price of our common stock.

Sales of a substantial number of shares of our common stock in
the public market could cause a reduction in the market price of our common
stock, when and if such market develops. When this registration statement is
declared effective, the selling stockholders may be reselling up to 68.33% of
the issued and outstanding shares of our common stock. As a result of such
registration statement, a substantial number of our shares of common stock which
have been issued may be available for immediate resale when and if a market
develops for our common stock, which could have an adverse effect on the price
of our common stock. As a result of any such decreases in price of our common
stock, purchasers who acquire shares from the selling stockholders may lose some
or all of their investment.

Any significant downward pressure on the price of our common
stock as the selling stockholders sell the shares of our common stock could
encourage short sales by the selling stockholders or others. Any such short
sales could place further downward pressure on the price of our common stock.

Our stock is a penny stock. Trading of our stock may be
restricted by the SECs penny stock regulations which may limit a stockholders
ability to buy and sell our stock.

Our stock is a penny stock. The Securities and Exchange
Commission has adopted Rule 15g-9 which generally defines penny stock to be
any equity security that has a market price (as defined) less than $5.00 per
share or an exercise price of less than $5.00 per share, subject to certain
exceptions. Our securities are covered by the penny stock rules, which impose
additional sales practice requirements on broker-dealers who sell to persons
other than established customers and accredited investors. The term
accredited investor refers generally to institutions with assets in excess of
$5,000,000 or individuals with a net worth in excess of $1,000,000 or annual
income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock
rules require a broker-dealer, prior to a transaction in a penny stock not
otherwise exempt from the rules, to deliver a standardized risk disclosure
document in a form prepared by

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the SEC which provides information about penny stocks and the
nature and level of risks in the penny stock market. The broker-dealer also must
provide the customer with current bid and offer quotations for the penny stock,
the compensation of the broker-dealer and its salesperson in the transaction and
monthly account statements showing the market value of each penny stock held in
the customers account. The bid and offer quotations, and the broker-dealer and
salesperson compensation information, must be given to the customer orally or in
writing prior to effecting the transaction and must be given to the customer in
writing before or with the customers confirmation. In addition, the penny stock
rules require that prior to a transaction in a penny stock not otherwise exempt
from these rules, the broker-dealer must make a special written determination
that the penny stock is a suitable investment for the purchaser and receive the
purchasers written agreement to the transaction. These disclosure requirements
may have the effect of reducing the level of trading activity in the secondary
market for the stock that is subject to these penny stock rules. Consequently,
these penny stock rules may affect the ability of broker-dealers to trade our
securities. We believe that the penny stock rules discourage investor interest
in and limit the marketability of our common stock.

FINRA sales practice requirements may also limit a
stockholders ability to buy and sell our stock.

In addition to the penny stock rules promulgated by the
Securities and Exchange Commission (see above and the Market for Common Equity
and Related Stockholder Matters section at page 27 for discussions of penny
stock rules), the FINRA has adopted rules that require that in recommending an
investment to a customer, a broker-dealer must have reasonable grounds for
believing that the investment is suitable for that customer. Prior to
recommending speculative low priced securities to their non-institutional
customers, broker-dealers must make reasonable efforts to obtain information
about the customers financial status, tax status, investment objectives and
other information. Under interpretations of these rules, the FINRA believes that
there is a high probability that speculative low priced securities will not be
suitable for at least some customers. The FINRA requirements make it more
difficult for broker-dealers to recommend that their customers buy our common
stock, which may limit your ability to buy and sell our stock and have an
adverse effect on the market for our shares.

Item
3.           Controls And
Procedures

As required by Rule 13a-15 under the Exchange Act, we have
evaluated the effectiveness of the design and operation of our disclosure
controls and procedures at January 31, 2008, which is the end of the period
covered by this report. This evaluation was carried out by our principal
executive officer and principal financial officer. Based on this evaluation, our
principal executive officer and principal financial officer has concluded that
the design and operation of our disclosure controls and procedures are effective
as at the end of the period covered by this report. We have made no change in
our internal control over financial reporting during the last fiscal quarter
that has materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting.

Disclosure controls and procedures are controls and other
procedures that are designed to ensure that information required to be disclosed
by our company in the reports that we file or submit under the Exchange Act is
recorded, processed, summarized and reported, within the time periods specified
in the SEC's rules and forms. Disclosure controls and procedures include,
without limitation, controls and procedures designed to ensure that information
required to be disclosed by our company in the reports that we file or submit
under the Exchange Act is accumulated and communicated to our management,
including our principal executive officer and principal financial officer, as
appropriate, to allow timely decisions regarding required disclosure.

19

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Part II. OTHER INFORMATION

Item
1.           Legal
Proceedings.

We know of no material, active or pending legal proceedings
against our company, nor are we involved as a plaintiff in any material
proceeding or pending litigation. There are no proceedings in which any of our
directors, officers or affiliates, or any registered or beneficial shareholder,
is an adverse party or has a material interest adverse to our interest.

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.

Exhibits Required by Item 601 of Regulation S-B.

|Exhibit | Description                                                                                                                                                                                                                                                                
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |                                                                                                                                                                                                                                                                            
|        |                                                                                                                                                                                                                                                                            
|3.1     | Articles of Incorporation (incorporated by reference from
      our registration statement on Form SB-2 filed on March 12, 2007).                                                                                                                                          
|        |                                                                                                                                                                                                                                                                            
|3.2     | Bylaws (incorporated by reference from our registration
      statement on Form SB-2 filed on March 12, 2007).                                                                                                                                                             
|        |                                                                                                                                                                                                                                                                            
|10.1    | Subscription Agreement between Legend Marketing, Corp.
      and the investors as set out in Item 26 of the Form SB-2 (incorporated by
      reference from our registration statement on Form SB-2 filed on March 12,
      2007).                                        
|        |                                                                                                                                                                                                                                                                            
|10.2    | Master Purchase, Supply and Distribution Agreement
      between Legend Marketing, Corp. and Nuvo Magazine, Ltd. dated on November
      20, 2004 (incorporated by reference from our registration statement on
      Form SB-2 filed on March 12, 2007).                  
|        |                                                                                                                                                                                                                                                                            
|10.3    | Amending Agreement to Master Purchase, Supply and
      Distribution Agreement between Legend Marketing Corp. and NUVO Magazine,
      Ltd. dated February 1, 2007 (incorporated by reference from our
      registration statement on Form SB-2 filed on January 7, 2008).
|        |                                                                                                                                                                                                                                                                            
|10.4    | Second Amending Agreement to Master Purchase, Supply and
      Distribution Agreement                                                                                                                                                                                      

20

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|      | between Legend Marketing Corp.
      and NUVO Magazine, Ltd. dated December 17, 2007 (incorporated by reference
      from our registration statement on Form SB-2 filed on January 7, 2008).
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                              
|16.1  | Letter from Pannell Kerr Forster,
      Chartered Accountants regarding change in certifying accountant.                                                                                     
|      |                                                                                                                                                                                              
|21    | Subsidiaries of Legend Marketing,
      Corp. 
      0710154 B.C. Ltd. (British Columbia)                                                                                                    
|      |                                                                                                                                                                                              
|31.1* | Section
      302 Certification                                                                                                                                                              
|      |                                                                                                                                                                                              
|32.1* | Section
      906 Certification                                                                                                                                                              

* filed herewith

21

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SIGNATURES



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

LEGEND MARKETING CORP.



By:      */s/ Franco Perrotta*
              Franco Perrotta 
              President,
  Secretary, Treasurer and Director 
              (Principal
  Executive Officer, Principal Financial Officer and Principal Accounting Officer)

Date:   March 24, 2008

22

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