* *

| Delaware                                         | 26-0133324                                             |
|--------------------------------------------------|--------------------------------------------------------|
| (State                or other jurisdiction      | (I.R.S.                Employer Identification Number) |
| of                incorporation or organization) |                                                   |

| Large                accelerated filer    ̈      | Accelerated                filer                    ̈ |
|--------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated                filer      ̈ | Smaller                reporting company x.                                                                                                              |

----

** **

----

**SCOUT      ACQUISITION, INC.**

**-      INDEX -**

|                                                            |                                                                                                                                                                                                                            | Page   |
|-----------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **PART                  I – FINANCIAL INFORMATION:** |                                                                                                                                                                                                                            |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  1.                                        | Financial                  Statements (unaudited):                                                                                                                                                                              |   |
|                                                            |                                                                                                                                                                                                                            |   |
|                                                            | Balance                  Sheets as of March 31, 2008 and December 31, 2007                                                                                                                                                      | 1      |
|                                                            |                                                                                                                                                                                                                            |   |
|                                                            | Statements                  of Operations for the Three Months Ended March 31, 2008 and 2007                  and                  for the Cumulative Period from January 3, 2006 (Inception) toMarch                  31, 2008 | 2      |
|                                                            |                                                                                                                                                                                                                            |   |
|                                                            | Statement                  of Stockholders’ Deficiency for the Period from January 3, 2006                  (Inception)                  to March 31, 2008                                                                | 3      |
|                                                            |                                                                                                                                                                                                                            |   |
|                                                            | Statements                  of Cash Flows for the Three Months Ended March 31, 2008 and 2007                  and                  for the Cumulative Period from January 3, 2006 (Inception) toMarch                  31, 2008 | 4      |
|                                                            |                                                                                                                                                                                                                            |   |
|                                                            | Notes                  to Financial Statements (unaudited)                                                                                                                                                                      | 5      |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  2.                                        | Management’s                  Discussion and Analysis of Financial Condition andResults                  of Operations                                                                                                    | 10     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  3.                                        | Quantitative                  and Qualitative Disclosures About Market Risk                                                                                                                                                     | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  4T.                                       | Controls                  and Procedures                                                                                                                                                                                        | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| **PART                  II – OTHER INFORMATION:**    |                                                                                                                                                                                                                            |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  1.                                        | Legal                  Proceedings                                                                                                                                                                                              | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  1A.                                       | Risk                  Factors                                                                                                                                                                                                   | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  2.                                        | Unregistered                  Sales of Equity Securities and Use of Proceeds                                                                                                                                                    | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  3.                                        | Defaults                  Upon Senior Securities                                                                                                                                                                                | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  4.                                        | Submission                  of Matters to a Vote of Security Holders                                                                                                                                                            | 13     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  5.                                        | Other                  Information                                                                                                                                                                                              | 14     |
|                                                            |                                                                                                                                                                                                                            |   |
| Item                  6.                                        | Exhibits                                                                                                                                                                                                                        | 14     |
|                                                            |                                                                                                                                                                                                                            |   |
| Signatures                                                      | 15                                                                                                                                                                                                                              |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1. Financial Statements.**

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**BALANCE      SHEETS**

|                                                                                                                                               |   | **March 31, ****2008****(unaudited)** |        |  December 31, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|-------------|-----------------------------------|--------|
|                                                                                                                                               |   |                                            |        |                              |   |
| **ASSETS**                                                                                                                                         |   |                                            |        |                              |   |   |   |
| **CURRENT                ASSETS:**                                                                                                                 |   |                                            |        |                              |   |   |   |
| Cash                                                                                                                                               |   | **$**                                           | **34,770**  |                              | $      | 6,454 |   |
| Prepaid                expenses                                                                                                                    |   |                                            | **1,875**   |                              |   | 2,500 |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **TOTAL                ASSETS**                                                                                                                    |   | **$**                                           | **36,645**  |                              | $      | 8,954 |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS’ DEFICIENCY**                                                                                  |   |                                            |        |                              |   |   |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **CURRENT                LIABILITIES:**                                                                                                            |   |                                            |        |                              |   |   |   |
| Accounts                payable and accrued expenses                                                                                               |   | **$**                                           | **15,386**  |                              | $      | 10,834 |   |
| **TOTAL                CURRENT LIABILITIES**                                                                                                       |   |                                            | **15,386**  |                              |   | 10,834 |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **LONG                TERM LIABILITIES:**                                                                                                          |   |                                            |        |                              |   |   |   |
| Loans                from stockholders                                                                                                             |   |                                            | **88,750**  |                              |   | 53,750 |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **TOTAL                LIABILITIES**                                                                                                               |   |                                            | **104,136** |                              |   | 64,584 |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **STOCKHOLDERS’                DEFICIENCY:**                                                                                                 |   |                                            |        |                              |   |   |   |
| Preferred                stock, $.0001 par value; 10,000,000 shares authorized; none issued                and                outstanding          |   |                                            | **-**       |                              |   | - |   |
| Common                stock, $.0001 par value; 75,000,000 shares authorized; 1,500,000                shares                issued and outstanding |   |                                            | **150**     |                              |   | 150 |   |
| Additional                paid-in capital                                                                                                          |   |                                            | **24,850**  |                              |   | 24,850 |   |
| Deficit                accumulated during the development stage                                                                                    |   |                                            | **(92,491** | **)**                             |   | (80,630 | ) |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **TOTAL                STOCKHOLDERS’ DEFICIENCY**                                                                                            |   |                                            | **(67,491** | **)**                             |   | (55,630 | ) |
|                                                                                                                                               |   |                                            |        |                              |   |   |   |
| **TOTAL                LIABILITIES AND STOCKHOLDERS’ DEFICIENCY**                                                                            |   | **$**                                           | **36,645**  |                              | $      | 8,954 |   |

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**STATEMENTS      OF OPERATIONS**

**(unaudited)**

|                                                                                                                                      |   | For the Three Months Ended March 31,  |      |  For the Cumulative Period from January 3, 2006 (Inception) to March 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|-----------|--------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                      |   | 2008                                                                     |      | 2007                                                                                                                                 |   | 2008 |   |
| **REVENUE**                                                                                                                               |   | $                                                                        | -         |                                                                                                                                 | $      | - |   | $ | - |   |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| General                and administrative expenses                                                                                        |   |                                                                     | 10,809    |                                                                                                                                 |   | 12,576 |   |   | 87,605 |   |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| **LOSS                BEFORE OTHER EXPENSES**                                                                                             |   |                                                                     | (10,809   | )                                                                                                                                    |   | (12,576 | ) |   | (87,605 | ) |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| **OTHER                EXPENSES:**                                                                                                        |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| Interest                expense                                                                                                           |   |                                                                     | 1,052     |                                                                                                                                 |   | 304 |   |   | 4,886 |   |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| **NET                LOSS**                                                                                                               |   | $                                                                        | (11,861   | )                                                                                                                                    | $      | (12,880 | ) | $ | (92,491 | ) |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| **BASIC                AND DILUTED NET LOSS PER SHARE**                                                                                   |   | $                                                                        | (.01      | )                                                                                                                                    | $      | (.01 | ) |   |   |   |
|                                                                                                                                      |   |                                                                     |      |                                                                                                                                 |   |   |   |   |   |   |
| **WEIGHTED                AVERAGE NUMBER OF SHARES USED IN COMPUTING BASIC AND DILUTED NET                LOSS PER                SHARE** |   |                                                                     | 1,500,000 |                                                                                                                                 |   | 1,500,000 |   |   |   |   |

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**STATEMENT      OF STOCKHOLDERS’ DEFICIENCY**

|                                                     |   |                             |   |                          |   | Additional Paid-in Capital |   | (Deficit) Accumulated During the Development Stage |      | Stockholders’ Deficiency |   |
|----------------------------------------------------------|--------|----------------------------------|--------|-------------------------------|--------|--------------------------------------|--------|-----------------------------------------------------------------------------|-----------|-------------------------------------|--------|
|                                                     |   |                             |   |                          |   |                                 |   |                                                                        |      |
|                                                     |   |                             |   |                          |   |
|                                                     |   | Preferred                  Stock |   | Common                  Stock |   |
|                                                     |   | Shares                           |   | Amount                        |   | Shares                               |   | Amount                                                                      |      |
| **BALANCE,                  JANUARY 3, 2006**            |   |                             | -      |                          | $      | -                                    |   |                                                                        | -         |                                | $      | - |   | $ | - |   | $ | - |   | $ | - |   |
| Issuance                  of common stock                |   |                             | -      |                          |   | -                                    |   |                                                                        | 1,500,000 |                                |   | 150 |   |   | 24,850 |   |   | - |   |   | 25,000 |   |
| Net                  loss                                |   |                             | -      |                          |   | -                                    |   |                                                                        | -         |                                |   | - |   |   | - |   |   | (39,354 | ) |   | (39,354 | ) |
| **BALANCE,                  DECEMBER 31, 2006**     |   |                             | -      |                          |   | -                                    |   |                                                                        | 1,500,000 |                                |   | 150 |   |   | 24,850 |   |   | (39,354 | ) |   | (14,354 | ) |
| Net                  loss                                |   |                             | -      |                          |   | -                                    |   |                                                                        | -         |                                |   | - |   |   | - |   |   | (41,276 | ) |   | (41,276 | ) |
| **BALANCE,                  DECEMBER 31, 2007**          |   |                             | -      |                          |   | -                                    |   |                                                                        | 1,500,000 |                                |   | 150 |   |   | 24,850 |   |   | (80,630 | ) |   | (55,630 | ) |
| Net                  loss (unaudited)                    |   |                             | -      |                          |   | -                                    |   |                                                                        | -         |                                |   | - |   |   | - |   |   | (11,861 | ) |   | (11,861 | ) |
| **BALANCE,                  MARCH 31, 2008 (unaudited)** |   |                             | -      |                          | $      | -                                    |   |                                                                        | 1,500,000 |                                | $      | 150 |   | $ | 24,850 |   | $ | (92,491 | ) | $ | (67,491 | ) |

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**STATEMENTS      OF CASH FLOWS**

**(unaudited)**

|                                                                                                        |   | For the Three Months Ended March 31, |    |  For the CumulativePeriod from January 3, 2006 (Inception) to March 31, |   |
|-------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|---------|--------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                        |   | 2008                                                               |    | 2007                                                                                                                           |   | 2008 |   |
| **CASH FLOWS FROM OPERATING ACTIVITIES:**                                               |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| Net                loss                                                                                     |   | $                                                                  | (11,861 | )                                                                                                                              | $      | (12,880 | ) | $ | (92,491 | ) |
| Adjustments                to reconcile net (loss) to net cash used in operating                activities: |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| Changes                in operating assets and liabilities:                                                 |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| Decrease                (increase) in prepaid expenses                                                      |   |                                                               | 625     |                                                                                                                           |   | 3,125 |   |   | (1,875 | ) |
| Increase                in accounts payable and accrued expenses                                            |   |                                                               | 4,552   |                                                                                                                           |   | 5,304 |   |   | 15,386 |   |
| **Net                cash used in operating activities**                                                    |   |                                                               | (6,684  | )                                                                                                                              |   | (4,451 | ) |   | (78,980 | ) |
|                                                                                                        |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| **CASH                FLOWS FROM FINANCING ACTIVITIES:**                                                    |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| Proceeds                from issuance of common stock                                                       |   |                                                               | -       |                                                                                                                           |   | - |   |   | 25,000 |   |
| Proceeds                from stockholder loans                                                              |   |                                                               | 35,000  |                                                                                                                           |   | 35,000 |   |   | 88,750 |   |
| **Net                cash provided by financing activities**                                                |   |                                                               | 35,000  |                                                                                                                           |   | 35,000 |   |   | 113,750 |   |
|                                                                                                        |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
|  **NET                INCREASE IN CASH**                                                               |   |                                                               | 28,316  |                                                                                                                           |   | 30,549 |   |   | 34,770 |   |
|                                                                                                        |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| Cash,                beginning of period                                                                    |   |                                                               | 6,454   |                                                                                                                           |   | 271 |   |   | - |   |
|                                                                                                        |   |                                                               |    |                                                                                                                           |   |   |   |   |   |   |
| **CASH,                END OF PERIOD**                                                                      |   | $                                                                  | 34,770  |                                                                                                                           | $      | 30,820 |   | $ | 34,770 |   |

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**March      31, 2008**

| **NOTE              1      -** | **ORGANIZATION                AND SUMMARY OF SIGNIFICANT ACCOUNTING                POLICIES:** |
|--------------------------------------------------------------|------------------------------------------------------------------------------------------------|

|  | ***(a)*** | ***Organization                and Business:*** |
|--|-----------|-------------------------------------------------|

|  | ***(b)*** | ***Basis                of Presentation:*** |
|--|-----------|---------------------------------------------|

|  | ***(c)*** | ***Use                of Estimates:*** |
|--|-----------|----------------------------------------|

|  | ***(d)*** | ***Cash                Equivalents:*** |
|--|-----------|----------------------------------------|

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**March      31, 2008**

| **NOTE              1      -** | **ORGANIZATION                AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                (Continued):** |
|--------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|

|  | ***(e)*** | ***Income                Taxes:*** |
|--|-----------|------------------------------------|

|  | ***(f)*** | ***Loss                per Common Share:*** |
|--|-----------|---------------------------------------------|

|  | ***(g)*** | ***Fair                Value of Financial                Instruments:*** |
|--|-----------|--------------------------------------------------------------------------|

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**March      31, 2008**

| **NOTE              2      -** | **LOANS                FROM STOCKHOLDERS:** |
|--------------------------------------------------------------|---------------------------------------------|

| **NOTE              3      -** | **CAPITAL                STOCK:** |
|--------------------------------------------------------------|-----------------------------------|

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**March      31, 2008**

| **NOTE              4      -** | **INCOME                TAXES:** |
|--------------------------------------------------------------|----------------------------------|

|                               |   | For The Three Months Ended March 31, 2008 |   | For The Three Months Ended March 31, 2007 |   | For The Cumulative Period from January 3 2006 (Inception) to March 31, 2008 |   |
|------------------------------------|--------|------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
| Current:                           |   |                                                                         |   |                                                                         |   |                                                                                                                                    |   |   |   |   |
| Federal                            |   | $                                                                            | -      |                                                                         | $      | -                                                                                                                                       |   | $ | - |   |
| Deferred                tax asset: |   |                                                                         |   |                                                                         |   |                                                                                                                                    |   |   |   |   |
| Federal                            |   |                                                                         | 4,100  |                                                                         |   | 2,100                                                                                                                                   |   |   | 19,700 |   |
| Valuation                allowance |   |                                                                         | (4,100 | )                                                                            |   | (2,100                                                                                                                                  | )      |   | (19,700 | ) |
|                               |   | $                                                                            | -      |                                                                         | $      | -                                                                                                                                       |   | $ | - |   |

|                                             |   | For The Three Months Ended March 31, 2008 |   | For The Three Months Ended March 31, 2007 |   | For The Cumulative Period from January 3 2006 (Inception) to March 31, 2008 |   |
|--------------------------------------------------|--------|------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
| Statutory                federal income tax rate |   |                                                                         | (34    | %)                                                                           |   | (34                                                                                                                                     | )%     |   | (34 | )% |
| Surtax                exemption                  |   |                                                                         | 0      | %                                                                            |   | 18                                                                                                                                      | %      |   | 12 | % |
| Valuation                allowance               |   |                                                                         | 34     | %                                                                            |   | 16                                                                                                                                      | %      |   | 22 | % |
| Income                tax rate                   |   |                                                                         | 0      | %                                                                            |   | 0                                                                                                                                       | %      |   | 0 | % |

| **NOTE              5      -** | **RECENT                ACCOUNTING PRONOUNCEMENTS:** |
|--------------------------------------------------------------|------------------------------------------------------|

----

**SCOUT      ACQUISITION, INC.**

**A      Development Stage Company**

**NOTES      TO UNAUDITED FINANCIAL STATEMENTS**

**March      31, 2008**

| **NOTE              5      -** | **RECENT                ACCOUNTING PRONOUNCEMENTS                (Continued):** |
|--------------------------------------------------------------|---------------------------------------------------------------------------------|

*Disclosures      about Derivative Instruments and Hedging Activities.*

| **NOTE              6      -** | **INTERIM                FINANCIAL STATEMENTS:** |
|--------------------------------------------------------------|--------------------------------------------------|

----

**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations. **

***Forward      Looking Statement Notice***

***Description      of Business***

----

***Liquidity      and Capital Resources***

----

|                                                                |   |                         |   | Cumulative Period From                   |   |
|---------------------------------------------------------------------|--------|------------------------------|--------|----------------------------------------------------|--------|
|                                                                |   | Three months Ended |   | January 3, 2006 (Inception) to |   |
|                                                                |   | March 31, 2008     |   | March 31, 2008                           |   |
| Net cash used in                operating activities |   | $                            | (6,684 | )                                                  | $      | (78,980 | ) |
| Net                cash used in investing activities                |   | $                            | 0      |                                               | $      | 0 |   |
| Net                cash provided by financing activities            |   | $                            | 35,000 |                                               | $      | 113,750 |   |
| Net                effect on cash                                   |   | $                            | 28,316 |                                               | $      | 34,770 |   |

***Results      of Operations***

***Off-Balance      Sheet Arrangements***

** **

***Contractual      Obligations***
** **

----

**Item      3. Quantitative and Qualitative Disclosures About Market      Risk.**

**Item      4T. Controls and Procedures. **

***Evaluation      of Disclosure Controls and Procedures***

***Changes      in Internal Controls***

**PART      II — OTHER INFORMATION**

**Item      1. Legal Proceedings.**

**Item      1A. Risk Factors.**

**Item      2. Unregistered Sales of Equity Securities and Use of Proceeds.**

**Item      3. Defaults Upon Senior Securities.**

**Item      4. Submission of Matters to a Vote of Security Holders.**

----

**Item      5. Other Information. **

**Item      6. Exhibits.**

| Exhibit |   | Description                                                                                                                                                                                                                                                                                                                                       |
|---------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *3.1    |   | Certificate                of Incorporation as filed with the Delaware Secretary of State on                January                3, 2006.                                                                                                                                                                                                       |
|    |   |                                                                                                                                                                                                                                                                                                                                              |
| *3.2    |   | By-laws.                                                                                                                                                                                                                                                                                                                                          |
|    |   |                                                                                                                                                                                                                                                                                                                                              |
| 31.1    |   | Certification                of the Company’s Principal Executive Officer and Principal Financial                Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002,                with                respect to the registrant’s Quarterly Report on Form 10-Q for the quarter                ended March 31, 2008. |
|    |   |                                                                                                                                                                                                                                                                                                                                              |
| 32.1    |   | Certification                of the Company’s Principal Executive Officer and Principal Financial                Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to                Section                906 of the Sarbanes Oxley Act of                2002.                                                             |

|  | * | Filed                as an exhibit to the Company's registration statement on Form 10-SB,                as                filed with the Securities and Exchange Commission on June 30, 2006,                and                incorporated herein by this                reference. |
|--|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SIGNATURES**

| Dated:                May 14, 2008 | **SCOUT                ACQUISITION, INC.** |
|------------------------------------|--------------------------------------------|
|                               |                                       |   |
|                               | By:                                        | /s/                Scott Baily |
|                               |                                       | Scott                Baily |
|                               |                                       | President |

----