**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**







**FORM
      10-QSB**







**(Mark
      One)**




**[X] 
      Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of
      1934**




**For
      the quarterly period ended
      September 30, 2007**





**[ 
      ]  Transition report under Section 13 or 15(d) of the Exchange
      Act**




**For the transition period from _________ to _________**





***Commission
      file number: 0-52407***







**ENVIROSAFE
      CORPORATION**


(Exact
      Name of Small Business Issuer as Specified in Its Charter)







**DELAWARE**
              (State
                or Other Jurisdiction of
              I.R.S.
                Employer)
            **94-3251254**
              (Incorporation
                or Organization
              Identification
                No.)





**16
      NANER STREET, WANSHOU ROAD, SUITE 602**


**HAIZHU
      DISTRICT, GUANGZHOU, P.R. CHINA**


(Address
      of Principal Executive Offices)





**(954)
      424-2345**


(Issuer's
      Telephone Number, Including Area Code)









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 twelve (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 ninety (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 [X] No [  ]





As
      of the
      close of business on November 5, 2007, 2,141,375 shares of our common stock,
      par
      value $.0001 per share, were outstanding.





As
      of the
      close of business on November 5, 2007, no shares of our preferred stock, par
      value $.0001 per share, were outstanding.









*Table
          of Contents*





**CAUTIONARY
      STATEMENT REGARDING FORWARD LOOKING INFORMATION**





The
      discussion contained in this 10-QSB under the Securities Exchange Act of 1934,
      as amended, contains forward-looking statements that involve risks and
      uncertainties. The issuer's actual results could differ significantly from
      those
      discussed herein. These include statements about our expectations, beliefs,
      intentions or strategies for the future, which we indicate by words or phrases
      such as "anticipate," "expect," "intend," "plan," "will," "we believe," "the
      Company believes," "management believes" and similar language, including those
      set forth in the discussions under "Notes to Financial Statements" and
      "Management's Discussion and Analysis or Plan of Operation" as well as those
      discussed elsewhere in this Form 10-QSB. We base our forward-looking statements
      on information currently available to us, and we assume no obligation to update
      them. Statements contained in this Form 10-QSB that are not historical facts
      are
      forward-looking statements that are subject to the "safe harbor" created by
      the
      Private Securities Litigation Reform Act of 1995.




2




**TABLE
      OF CONTENTS**




PART
                I  FINANCIAL INFORMATIONItem
                1.  Financial Statements.•
                Balance Sheet
            4•
                Statements of Operations
            5•
                Statements of Cash Flows
            6•
                Condensed Notes to Financial Statements
            71.
                Organization and Basis for Presentation
            72.
                Summary of Significant Accounting Policies
            73.
                Earnings (Loss) Per Common Share
            74.
                Income Taxes
            10Item
                2.  Management’s Discussion and Analysis of Financial Condition and
                Results of Operations•
                Overview
            12•
                Overall Operating Results
            13•
                Financial Position and Liquidity
            13•
                Going Concern
            13Item
                3.  Controls and ProceduresForward-Looking
                Statements
            14PART
                II  OTHER INFORMATIONItem
                1. Legal Proceedings
            15Item
                2. Unregistered Sales of Equity Securities and Use of
                Proceeds
            15Item
                3. Defaults Upon Senior Securities
            15Item
                4. Submission of Matters to a Vote of Security Holder
            15Item
                5. Other Information
            15Item
                6. Exhibits and Reports on Form 8-K
            15SIGNATURES
            17




3
 *Table
          of Contents*




Item
      1.  Financial Statements.




**ENVIROSAFE
                  CORPORATION****UNAUDITED
                  BALANCE SHEET****SEPTEMBER
                  30, 2007****Assets**Current
                  assets:Cash
                  and cash equivalents
              
              $
              —Total
                  current assets
              
              
              —Total
                  assets
              
              $
              —**Liabilities
                  and Shareholders’ Deficit**Current
                  liabilities:Accounts
                  payable and accrued expenses
              
              $
              39,036Total
                  current liabilities
              
              
              39,036Commitments
                  and contingencies (note 8)Shareholders’
                  equity (deficit):Common
                  stock, $0.0001 par. Authorized 500,000,000 shares;issued
                  and outstanding 1,641,375 shares
              
              
              164Preferred
                  stock, $0.0001 par. Authorized 10,000,000 shares;issued
                  and outstanding 0 shares
              
              
              —Additional
                  paid in capital
              
              
              2,378,244Accumulated
                  deficit
              
              
              (2,417,444
              )Total
                  shareholders' (deficit)
              
              
              (39,036
              )Total
                  liabilities and shareholders’ (deficit)
              
              $
              —See
                  accompanying notes to financial
                  statements.





4
 *Table
          of Contents*




**ENVIROSAFE
                  CORPORATION****UNAUDITED
                  STATEMENTS OF OPERATIONS****FOR
                  THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND
                  2006**For
                  the Three months
              
              
              For
                  the Nine MonthsEnded
                  June 30,
              
              
              Ended
                  June 30,2007
              
              
              2006
              
              
              2007
              
              
              2006**REVENUES**Sales
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -Cost
                  of sales
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -GROSS
                  PROFIT
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -**OPERATING
                  EXPENSES**General
                  and administrative expenses
              
              
              -
              
              
              
              34,077
              
              
              
              62
              
              
              
              44,833Professional
                  fees
              
              
              25,000
              
              
              
              164,744
              
              
              
              328,544
              
              
              
              538,154TOTAL
                  OPERATING EXPENSES
              
              
              25,000
              
              
              
              198,821
              
              
              
              328,606
              
              
              
              582,987OPERATING
                  (LOSS)
              
              
              (25,000
              )
              
              
              (198,821
              )
              
              
              (328,606
              )
              
              
              (582,987
              )**OTHER
                  INCOME (EXPENSE)**Interest
                  expense
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              (1,386
              )NET
                  (LOSS) BEFORE TAXES
              
              
              (25,000
              )
              
              
              (198,821
              )
              
              
              (328,606
              )
              
              
              (584,373
              )**NET
                  (LOSS)**
              
              $
              (25,000
              )
              
              $
              (198,821
              )
              
              $
              (328,606
              )
              
              $
              (584,373
              )**NET
                  LOSS PER COMMON SHARE**Basic
                  and fully diluted
              
              $
              (0.02
              )
              
              $
              (0.28
              )
              
              $
              (0.25
              )
              
              $
              (0.59
              )**WEIGHTED
                  AVERAGE COMMON SHARES OUTSTANDING**
              
              
              1,641,375
              
              
              
              705,018
              
              
              
              1,310,509
              
              
              
              997,917The
                  accompanying notes are an integral part of these financial
                  statements.
  5
 *Table
            of Contents*


**ENVIROSAFE
                  CORPORATION****UNAUDITED
                  STATEMENTS OF CASH FLOWS****FOR
                  THE NINE MONTHS ENDING SEPTEMBER 30, 2007 AND
                  2006****2007**
              
              
              **2006**Cash
                  flows from operating activities:Net
                  (loss)
              
              $
              (328,606
              )
              
              $
              (584,374
              )Adjustments
                  to reconcile net loss to net cash (used in)operating
                  activities:Issuance
                  of common stock for services rendered
              
              
              300,544
              
              
              
              1,062,000Changes
                  in operating assets and liabilities:Inventory
              
              
              1,643
              
              
              
              (1,643
              )Accounts
                  payable and accrued expenses
              
              
              13,343
              
              
              
              (515,885
              )Prepaid
                  expenses
              
              
              —
              
              
              
              (65,000
              )Net
                  cash (used) in operating activities
              
              
              (13,076
              )
              
              
              (104,902
              )Cash
                  flows from investing activities:Purchase/write
                  off of intangibles
              
              
              4,125
              
              
              
              (4,125
              )Net
                  cash used in investing activities
              
              
              4,125
              
              
              
              (4,125
              )Cash
                  flows from financing activities:Repayment
                  of notes payable
              
              
              —
              
              
              
              (8,000
              )Proceeds
                  from issuance of common stock
              
              
              —
              
              
              
              135,000Net
                  cash provided by financing activities
              
              
              —
              
              
              
              127,000Net
                  increase (decrease) in cash and cash equivalents
              
              
              (8,951
              )
              
              
              17,973Cash
                  and cash equivalents at beginning of period
              
              
              8,951
              
              
              
              3,339Cash
                  and cash equivalents at end of period
              
              $
              0
              
              
              $
              21,312**Supplemental
                  disclosure of non-cash information:**Common
                  stock issued for services
              
              $
              300,544
              
              
              $
              1,062,000See
                  accompanying notes to financial
                  statements.





6
 *Table
          of Contents*




ENVIROSAFE
      CORPORATION


NOTES
      TO
      UNAUDITED CONDENSED FINANCIAL STATEMENTS


For
      the
      Nine Months Ended September 30, 2007 and 2006









1.Basis
      of
      Presentation





The
      accompanying unaudited condensed financial statements have been prepared in
      accordance with both generally accepted accounting principles for interim
      financial information, and the instructions to Form 10-QSB and Item 310(b)
      of
      Regulation S-B. Accordingly, they do not include all of the information and
      footnotes required by generally accepted accounting principles for complete
      financial statements. The accompanying unaudited condensed financial statements
      reflect all adjustments (consisting of normal recurring accruals) that are,
      in
      the opinion of management, considered necessary for a fair presentation of
      the
      results for the interim periods presented. Interim results are not necessarily
      indicative of results for a full year.





The
      unaudited condensed financial statements and related disclosures have been
      prepared with the presumption that users of the interim financial information
      have read or have access to our annual audited financial statements for the
      preceding fiscal year. Accordingly, these unaudited condensed financial
      statements should be read in conjunction with the financial statements and
      the
      related notes thereto contained in the Annual Report on Form 10-KSB for the
      year ended December 31, 2006.





2.Organization
      and Business Background





Envirosafe,
      Corporation (“we”, “us”), was incorporated in Delaware in 1996. We hold
      intellectual property to develop and sell high-quality healthcare, germicidal
      cleaning, and bioremediation products. These products are biodegradable and
      environmentally safe options to traditional germicidal, cleaning and waste
      treatment products.





On
      June
      18, 2007, we entered into a Plan of Exchange with Si Chuan Da Zhu Fu Da Zhu
      Ma
      Fang Zhi You Xian Gong Si ("Da Zhu Fu Da"), a corporation organized and existing
      under the laws of the Peoples’ Republic of China.





Then,
      On
      July 18, 2007 we executed a written Guaranty of payments made by Da Zhu Fu
      Da to
      help secure financing in order to finalize the share exchange between us and
      Da
      Zhu Fu Da.





Finally,
      Da Zhu Fu Da became in default of the promissory note for failure to make
      payments shortly thereafter. Pursuant to the Guaranty, we became liable for
      the debt of Da Zhu Fu Da.




We
      and R.
      Chris Cottone then reached an agreement to settle the obligations created under
      the Guarantee.  In settlement of the obligations under the Guaranty,
      R. Chris Cottone received a payment of $150,000 cash and $232,000 in debt owed
      by R. Chris Cottone to Guoqiang Zhan was extinguished in exchange for a complete
      release from the obligations of the Guaranty and the reversion of 30,632,250
      of
      our shares currently held by R. Chris Cottone as collateral pursuant to the
      financing agreements.




In
      addition, we decided it was in the best interest of all parties and we unwound
      the Share Exchange with Da Zhu Fu Da. The 30,632,250 shares that were held
      as collateral reverted back to us and were retired to the treasury. The capital
      of Da Zhu Fu Da reverted back to its previous state prior to the Share Exchange
      and we continued our business operations prior to these
      transactions.





3.Summary
      of Significant Accounting Policies





Cash
      and Cash Equivalents





We
      consider all highly liquid debt instruments and other short-term investments
      with an initial maturity of three months or less to be cash or cash
      equivalents.





We
      may in
      the future maintain cash and cash equivalents with a financial institution
      that
      exceeds the limit of insurability under the Federal Deposit Insurance
      Corporation. Management’s evaluation of the financial strength of its financial
      institution, we believe the risk of maintaining deposits in excess of federal
      deposit limits at its financial institution is limited and does not pose a
      material risk.




Revenue
      Recognition





We
      record
      our transactions under the accrual method of accounting whereby income is
      recognized when the services are performed.




7
 *Table
          of Contents*





ENVIROSAFE
      CORPORATION


NOTES
      TO
      UNAUDITED CONDENSED FINANCIAL STATEMENTS


For
      the
      Nine Months Ended September 30, 2007 and 2006







3.Summary of Significant Accounting Policies
      (continued)





Goodwill
      and Other Intangible Assets




In
      June
      2001, the FASB issued Statement No. 142, “ *Goodwill and Other Intangible
      Assets*”. This statement addresses financial accounting and reporting for
      acquired goodwill and other intangible assets and supersedes APB Opinion No.
      17,
      Intangible Assets. It addresses how intangible assets that are acquired
      individually or with a group of other assets (but not those acquired in a
      business combination) should be accounted for in financial statements upon
      their
      acquisition. This Statement also addresses how goodwill and other intangible
      assets should be accounted for after they have been initially recognized in
      the
      financial statements.





The
      intangible assets are valued at the lower of cost or fair market value at the
      date of the financial statements.




Income
      Taxes





We
      adopted the provisions of Statement of Financial Accounting Standards (“SFAS”)
      No. 109, Accounting for Income Taxes. The Statement requires an asset and
      liability approach for financial accounting and reporting of income taxes,
      and
      the recognition of deferred tax assets and liabilities for the temporary
      differences between the financial reporting bases and tax bases of our assets
      and liabilities at enacted tax rates expected to be in effect when such amounts
      are realized or settled.





Use
      of
      Estimates





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




8
 *Table
          of Contents*





ENVIROSAFE
      CORPORATION


NOTES
      TO
      UNAUDITED CONDENSED FINANCIAL STATEMENTS


For
      the
      Nine Months Ended September 30, 2007 and 2006







3.Summary of Significant Accounting Policies
      (continued)





Fair
      Value of Financial Instruments





The
      carrying amounts reported in the balance sheets for cash and cash equivalents,
      and accounts payable approximate fair value because of the immediate or
      short-term maturity of these financial instruments. No other new accounting
      pronouncement issued or effective has had or is expected to have a material
      impact on the company’s financial statements.





Stock-Based
      Compensation





We
      measure compensation expense for our non-employee stock-based compensation
      under
      the Financial Accounting Standards Board (FASB) Emerging Issues Task Force
      (EITF) Issue No. 96-18, “Accounting*for Equity Instruments that are Issued
      to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods
      or
      Services*”. The fair value of the option issued is used to measure the
      transaction, as this is more reliable than the fair value of the services
      received. The fair value is measured at the value of our common stock on the
      date that the commitment for performance by the counterparty has been reached
      or
      the counterparty’s performance is complete. The fair value of the equity
      instrument is charged directly to compensation expense and additional paid-in
      capital.




Common
      Stock Issued For Other Than Cash




Services
      purchased and other transactions settled in our stock are recorded at the
      estimated fair value of the stock issued if that value is more readily
      determinable than the fair value of the consideration received.





Recent
      Accounting Pronouncements





We
      have
      reviewed all recently issued, but not yet effective, accounting pronouncements
      and do not believe the future adoption of any such pronouncements may be
      expected to cause a material impact on its financial condition or the results
      of
      its operations.





In
      June
      2006, the FASB issued Interpretation No. 48, *Accounting for Uncertainty
      in Income Taxes* (“FIN 48”). FIN 48 clarifies the accounting for uncertainty
      in income taxes recognized in our financial statements in accordance with SFAS
      No. 109. FIN 48 prescribes a recognition threshold and measurement
      attributes for the financial statement recognition and measurement of a tax
      position taken or expected to be taken in a tax return. We adopted FIN48 on
      January 1, 2007. The adoption of FIN 48 did not have an effect on the
      results of operations or financial condition. We did not have any unrecognized
      tax benefits as of September 30, 2007.





On
      February 15, 2007, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial Accounting Standards No. 159, *“The Fair Value
      Option for Financial Assets and Financial Liabilities — Including an Amendment
      of FASB Statement No. 115”*(“SFAS 159”). This standard permits an
      entity to measure financial instruments and certain other items at estimated
      fair value. Most of the provisions of SFAS No. 159 are elective; however,
      the amendment to FASB No. 115,*“Accounting for Certain Investments in
      Debt and Equity Securities,”* applies to all entities that own trading and
      available-for-sale securities. The fair value option created by SFAS 159 permits
      an entity to measure eligible items at fair value as of specified election
      dates. The fair value option (a) may generally be applied instrument by
      instrument, (b) is irrevocable unless a new election date occurs, and
      (c) must be applied to the entire instrument and not to only a portion of
      the instrument. SFAS 159 is effective as of the beginning of the first fiscal
      year that begins after November 15, 2007. Early adoption is permitted as of
      the beginning of the previous fiscal year provided that the entity
      (i) makes that choice in the first 120 days of that year,
      (ii) has not yet issued financial statements for any interim period of such
      year, and (iii) elects to apply the provisions of FASB 157. Management is
      currently evaluating the impact of SFAS 159, if any, on our financial
      statements.




9
 *Table
          of Contents*





ENVIROSAFE
      CORPORATION


NOTES
      TO
      UNAUDITED CONDENSED FINANCIAL STATEMENTS


For
      the
      Nine Months Ended September 30, 2007 and 2006







4.    
      Income Taxes****





Effective
      July 14, 2000, we adopted the provisions of Statement of Financial Accounting
      Standards (SFAS) No. 109, “Accounting for Income Taxes”. The statement requires
      an asset and liability approach for financial accounting and reporting for
      income taxes, and the recognition of deferred tax assets and liabilities for
      the
      temporary differences between the financial reporting basis and tax basis of
      the
      Company’s assets and liabilities at enacted tax rates expected to be in effect
      when such amounts are realized or settled. Because of its history of losses,
      we
      have not had any material federal or state income tax obligations. Due to the
      anticipated use of net operating loss carryforwards to offset future year
      income, no provision for income taxes was recorded for the nine-month period
      ended September 30, 2007. The Company’s net operating loss carryforwards totaled
      ($2,417,444) at September 30, 2007, expiring through September 30, 2027. When
      there has been a change in an entity’s ownership, utilization of net operating
      loss carryforwards may be limited. Because of the changes in the ownership
      of
      our prior acquisitions, the use of these acquired net operating losses will
      be
      limited and may not be available to offset future taxable income.





There
      were no provisions for income taxes for the nine month period ended September
      30, 2007.





At
      September 30, 2007, deferred tax assets approximated the following:


Deferred
                tax assets
            
            $
            970,000Valuation
                for deferred asset
            
            
            (970,000
            )Net
                deferred tax assets
            
            $
            —




At
      September 30, 2007, we had accumulated deficits approximating $2,417,000,
      available to offset future taxable income through 2027. We established valuation
      allowances equal to the full amount of the deferred tax assets due to the
      uncertainty of the utilization of the operating losses in the future
      period.





5.    
      Stock-Based Compensation




On
      November 5, 2007, we authorized the issuance of 500,000 restricted shares of
      our
      common stock to GreenTree Financial Group, Inc. for services already rendered
      and to be rendered from July 1, 2007 through December 31, 2007. The fair value
      of this restricted stock issuance was determined using the fair value of our
      common stock on the grant date, at a price of $0.10 per share. We
      calculated a stock-based compensation cost of $25,000 and recognized it for
      the
      third quarter of 2007 with a related payable for this same amount at September
      30, 2007. Our fourth quarter financial statements will show recognition of
      an
      additional $25,000 in stock-based compensation for the remainder of the above
      mentioned term. The above values also approximated the fair value of the
      services rendered.





6.    
      Capital Transactions





On
      April
      23, 2007, we performed a one-for-three-hundred (1:300) reverse stock split
      of
      our outstanding shares of common stock. The number of our outstanding shares
      of
      common stock at that date was reduced from 342,375,000 to 1,141,375 shares
      and
      the par value of our common stock was unchanged at $0.0001. The financial
      statements amounts and shares herein have been retroactively adjusted thereto
      for the reverse split.




10
 *Table
          of Contents*




ENVIROSAFE
        CORPORATION
 NOTES
        TO
        UNAUDITED CONDENSED FINANCIAL STATEMENTS
 For
        the
        Nine Months Ended September 30, 2007 and 2006




7.    
      Going Concern




Our
      financial statements have been prepared on the basis that we will continue
      as a
      going concern, which contemplates the realization of asset values and the
      satisfaction of liabilities in the normal course of business. Certain conditions
      indicate that we may be unable to continue as a going concern:





·
            We
                reported net losses of $25,000 and $328,606, respectively for the
                three
                and nine months ended September 30, 2007.·
            At
                September 30, 2007, stockholder's deficit was ($39,036) and included
                an
                accumulated deficit of
                ($2,417,444).


·
            At
                September 30, 2007 there was a working capital deficit of
                $39,036.·
            We
                have limited revenue prospects and have had no revenue in the past
                two
                years.


·
            Our
                ability to continue as a going concern is dependent upon our generating
                revenues and profit margins to cover cost of revenues and other operating
                expenses, generating positive cash flows from operations, obtaining
                debt
                or equity capital to fund expected negative operating cash flows
                and
                returning to profitable operations.·
            We
                may be forced to liquidate our assets and cease operations if we
                are
                unable to raise sufficient capital to support operations and to satisfy
                its obligations.





In
      connection with these issues, we are implementing the following operating and
      management plans to in order to provide positive cash flow from operations
      during the subsequent periods:





·
            Develop
                our primary business products and develop a customer base and production
                facilities and capacity to manufacture products.·
            Develop
                strategic partnerships with major companies to support our sales
                and
                marketing strategy, and production and manufacturing
                capacity.


·
            Negotiate
                with capital and debt funding sources to provide working capital
                to fund
                the growth and operations.





8.    
      Pending Transaction





As
      of
      November 5, 2007, we have 500,000 common shares to be issued to GreenTree
      Financial Group, Inc. in the fourth quarter for the above mentioned services
      in
      subparagraph 5 herein.




11
 *Table
          of Contents*





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




The
      following discussion and analysis provides information that management believes
      may be useful in understanding our operating results, cash flows and financial
      condition. This discussion should be read in conjunction with the unaudited
      financial information and related notes included in this Form
      10-QSB.




The
      following discussion contains various “Forward-Looking Statements” within the
      meaning of the Private Securities Litigation Reform Act of 1995. The readers
      are
      referred to the statement entitled “Forward-Looking Statements” located at the
      end of Part I of this report.




We
      have
      adopted the provisions of Statement of Financial Accounting Standard No. 123
      (Revised 2004), *Share-Based Payment* (SFAS No. 123R), and the new
      accounting standard for expensing stock options, in the three and nine months
      ended September 30, 2007. All financial results presented in this Form 10-QSB
      include the impact of expensing stock options.





Overview





Our
      financial statements have been prepared on the basis that we will continue
      as a
      going concern, which contemplates the realization of asset values and the
      satisfaction of liabilities in the normal course of business. Certain conditions
      indicate that we may be unable to continue as a going concern:





-
      We
      reported net losses of $25,000 and $328,606 for the three and nine months ended
      September 30, 2007, respectively, compared to net losses of $198,821 and
      $584,373 for the same periods ended September 30, 2006,
      respectively.





-
      Net
      cash used by in our operating activities was $13,076 and $104,902 the nine
      month
      period ended September 30, 2007 and 2006, respectively.





-
      We are
      unable to generate business opportunities.





-
      At
      September 30, 2007, stockholder's deficit was $(39,036) and included an
      accumulated deficit of $(2,417,444).





-
      At
      September 30, 2007, there was a working capital deficit of $39,036.





-
      We had
      no revenues for the nine months ended September 30, 2007 and 2006.





We
      do not
      expect positive cash flow from operations for the 2007 fiscal year and we may
      require additional funding to cover expected negative cash flows until the
      end
      of fiscal year 2007.





Our
      ability to continue as a going concern is dependent upon generating revenues
      and
      gross profit margins to cover cost of services and other operating
      expenses, generating positive cash flows from operations, obtaining debt or
      equity capital to fund expected negative operating cash flows and returning
      us
      to profitable operations.




Significant
      events:





See
      footnotes 2 and 5 above entitled “Organization and Business Background” and
“Stock Based Compensation” for significant events that occurred during our third
      quarter and subsequent thereto which warranted Form 8-K
      disclosures.




12
 *Table
          of Contents*





Operating
      results:




We
      have
      not generated any revenues during the three and nine months ended September
      30,
      2007.





We
      generated net losses of $25,000 and $328,606 for the three and nine months
      ended
      September 30, 2007, respectively, compared to net losses of $198,821 and
      $584,373 for the same periods ended September 30, 2006, respectively. The
      losses for the periods were due to general and administrative expenses and
      the
      non-cash professional fees resulting fromthe issuance of shares of
      common stock
      for services rendered. These shares are fully discussed above in previous
      sections herein.





As
      of
      September 30, 2007 we had accumulated $2,417,444 in operating losses that may,
      on a limited basis, be offset against future taxable income. There are
      limitations on the amount of net operating loss carryforwards that can be used.
      No tax benefit has been reported in the financial statements.




Financial
      Position and Liquidity




Total
      assets were $-0- at September 30, 2007, a decrease from total assets at year-end
      2006. The decrease is primarily due to decreased cash and prepaid
      expenses.





Total
      liabilities were $39,036 at September 30, 2007, compared to total liabilities
      of
      $144,050 at year-end 2006. The decrease in total liabilities was primarily
      due
      to executive compensation accrual was eliminated when paid in our common
      stock.





As
      of
      September 30, 2007 we had $-0- in cash and cash equivalents, decreasing by
      $8,951 compared to $8,951 as of December 31, 2006.




Going
      Concern




Our
      financial statements have been prepared on the basis that we will continue
      as a
      going concern, which contemplates the realization of asset values and the
      satisfaction of liabilities in the normal course of business. Certain conditions
      indicate that we may be unable to continue as a going concern:





·
            We
                reported net losses of $25,000 and $328,606, respectively for the
                three
                and nine months ended September 30, 2007.·
            At
                September 30, 2007, stockholder's deficit was ($39,036) and included
                an
                accumulated deficit of
                ($2,417,444).


·
            At
                September 30, 2007 there was a working capital deficit of
                $39,036.·
            We
                have limited revenue prospects and have had no revenue in the past
                two
                years.


·
            Our
                ability to continue as a going concern is dependent upon our generating
                revenues and profit margins to cover cost of revenues and other operating
                expenses, generating positive cash flows from operations, obtaining
                debt
                or equity capital to fund expected negative operating cash flows
                and
                returning to profitable operations.·
            We
                may be forced to liquidate our assets and cease operations if we
                are
                unable to raise sufficient capital to support operations and to satisfy
                its obligations.





In
      connection with these issues, we are implementing the following operating and
      management plans to in order to provide positive cash flow from operations
      during the subsequent periods:





·
            Develop
                our primary business products and develop a customer base and production
                facilities and capacity to manufacture products.·
            Develop
                strategic partnerships with major companies to support our sales
                and
                marketing strategy, and production and manufacturing
                capacity.


·
            Negotiate
                with capital and debt funding sources to provide working capital
                to fund
                the growth and operations.




13
 *Table
          of Contents*




Item
      3.   
Controls and Procedures.




We
      maintain disclosure controls and procedures designed to ensure that information
      required to be disclosed in reports filed under the Securities Exchange Act
      of
      1934 (“Exchange Act”) is recorded, processed, summarized and reported within the
      specified time periods. Our Chief Executive Officer and its Chief Financial
      Officer (collectively, the “Certifying Officers”) are responsible for
      maintaining our disclosure controls and procedures. The controls and procedures
      established by us are designed to provide reasonable assurance that information
      required to be disclosed by the issuer in the reports that it files or submits
      under the Exchange Act is recorded, processed, summarized and reported within
      the time periods specified in the Commission’s rules and forms.




As
      of the
      end of the period covered by this report, the Certifying Officers evaluated
      the
      effectiveness of our disclosure controls and procedures. Based on the
      evaluation, the Certifying Officers concluded that our disclosure controls
      and
      procedures were effective to provide reasonable assurance that information
      required to be disclosed by us 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 applicable rules and forms, and that it is accumulated
      and communicated to our management, including the Certifying Officers, as
      appropriate to allow timely decisions regarding required
      disclosure.




Forward-Looking
      Statements




This
      Quarterly Report on Form 10-QSB, including “Management’s Discussion and Analysis
      of Financial Condition and Results of Operation” in Item 2, contains
      forward-looking statements within the meaning of the Private Securities
      Litigation Reform Act of 1995. These statements include expectations concerning
      gross margin improvements, increasing raw material costs, contributions to
      our
      U.S. and international pension and benefit plans, borrowing capacity, plans
      to
      re-finance existing debt and favorable short-term liquidity requirements.
      Without limiting the foregoing, words or phrases such as “will likely result,”
“are expected to,” “will continue,” “is anticipated,” “we believe,” “estimate,”
“project” (including the negative or variations thereof) or similar terminology,
      generally identify forward-looking statements. Forward-looking statements may
      also represent challenging goals for us. Management cautions that undue reliance
      should not be placed on such forward-looking statements, which speak only as
      of
      the date made.




14
 *Table
          of Contents*




PART
      II. OTHER INFORMATION




Item
      1.        Legal
      Proceedings.





None.





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.




During
      the three months ended September 30, 2007, a majority of our common shareholders
      voted to enter into a Plan of Exchange and a related Guaranty with Da Zhu Fu
      Da.
      These were subsequently terminated during the same quarter in accordance with
      a
      majority vote of our common shareholders.





Item
      5.        Other
      Information





None





Item
      6.                      Exhibits
      and Reports on Form 8-K





(a)
            Exhibits





(1)
            Exhibits:
                Exhibits required to be attached by Item 601 of Regulation S-B are
                listed
                in the Index to Exhibits Beginning on page 8 of this Form 10-QSB,
                which is
                incorporated herein by reference.




Reports
      on Form 8-K filed in the third quarter of 2007








(1)
            On
                July 3, 2007, we filed a current report on Form 8-K under Item 1.01
                Entry
                Into A Material Definitive Agreement to announce that we and Da Zhu
                Fu Da
                entered into a Plan of Exchange, and that the management changed
                accordingly.(2)
            On
                July 23, 2007, we filed a current report on Form 8-K to announce
                that we
                executed a written Guaranty of payments made by Da Zhu Fu Da in connection
                with the Plan of Exchange, dated June 18,
                2007.





(3)
            On
                September 19, 2007, we filed a current report on Form 8-K to announce
                that
                we terminated the above mentioned Plan of Exchange and related Guaranty
                of
                payments made by Da Zhu Fu Da among other
                items.




15
 *Table
          of Contents*




**INDEX
      TO EXHIBITS**








**Exhibit**


**Number         
      Description**





31.1                Rule
      13a-14(a)/15d-14(a) Certifications of Guoqiang Zhan, CEO
      and Chief Financial
      Officer
      *




32.1Section
      1350
      Certifications of Guoqiang Zhan, CEO and Chief Financial Officer
      *




*
      Filed
      herewith.




16
 *Table
          of Contents*




**SIGNATURE**




Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this Report to be signed on its behalf by the undersigned thereunto
      duly authorized.




ENVIROSAFE
                CORPORATIONDate: November
                14, 2007
            By:
            /s/ Guoqiang
                ZhanGuoqiang
                Zhan




17