U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended January 31, 2009

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 000-52373

Reidco Acquisition I Inc.

(Exact name of small business issuer as specified in its charter)

Delaware		02-0786379
(State or other jurisdiction of		(I.R.S. employer
incorporation or organization)		identification number)

c/o Spencer Clarke LLC
545 Fifth Avenue, 6th Floor
New York, NY		10017
(Address of principal executive offices)		(Zip Code)

Issuer's telephone number: (212) 446-6111

Facsimile number: (212) 446-6199

No change

(Former name, former address and former

fiscal year, if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨.

Check whether the issuer is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨.

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 8,200,000 shares of Common Stock, par value $.0001 per share, outstanding as of February 25, 2009.

REIDCO ACQUISITION I INC.

- INDEX -

	Page(s)

Balance Sheets as of January 31, 2009 (unaudited) and October 31, 2008 (audited)	F - 1

Statements of Operations for the three months ended January 31, 2009 and 2008,
and for the Cumulative Period from Inception (August 29, 2006) through January 31, 2009	F - 2

Statement of Stockholders’ Equity for the Cumulative Period from Inception
(August 29, 2006) through January 31, 2009	F - 3

Statements of Cash Flows for the three months ended January 31, 2009 and 2008,
and for the Cumulative Period from Inception (August 29, 2006) through January 31, 2009	F – 4

Notes to Financial Statements	F-5 - F-8

REIDCO ACQUISITION I INC.

A Development Stage Company

BALANCE SHEETS

	January 31, 2009 (unaudited)			October 31, 2008 (audited)

ASSETS

CURRENT ASSETS
Cash	$	7,954		$	10,554

TOTAL ASSETS	$	7,954		$	10,554

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES
Accounts payable and accrued expenses	$	750		$	3,100

LONG TERM LIABILITIES
Loan payable to affiliate		-			-

TOTAL LIABILITIES		750			3,100

STOCKHOLDERS’ EQUITY
Preferred stock, $.0001 par value; 10,000,000 shares authorized; 2,000,000 shares issued and outstanding		200			200
Common stock, $.0001 par value; 100,000,000 shares authorized; 8,200,000 and 5,000,000 shares issued and outstanding		820			500
Additional paid-in capital		64,980			64,800
Deficit accumulated during the development stage		(58,796	)		(58,046	)

TOTAL STOCKHOLDERS’ EQUITY		7,204			7,454

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	7,954		$	10,554

See notes to financial statements.

F-1

REIDCO ACQUISITION I INC.

A Development Stage Company

STATEMENTS OF OPERATIONS (unaudited)

	For the three months ended January 31, 2009			For the three months ended January 31, 2008			For the Cumulative Period from Inception (August 29, 2006) to January 31, 2009

REVENUE	$	-		$	-		$	-

General and administrative expenses		750			2,500			57,151

LOSS FROM OPERATIONS		(750	)		(2,500	)		(57,151	)

OTHER EXPENSES:
Interest expense		0			(200	)		(1,645	)

NET LOSS	$	(750	)	$	(2,700	)	$	(58,796	)

BASIC AND DILUTED NET LOSS PER SHARE	$	(.00	)	$	(.00	)	$	(.01	)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		5,000,000			5,000,000			5,000,000

See notes to financial statements.

F-2

REIDCO ACQUISITION I INC.

A Development Stage Company

STATEMENT OF STOCKHOLDERS’ EQUITY (unaudited)

									Additional		(Deficit) Accumulated During the
	Preferred Stock				Common Stock				Paid-in		Development			Stockholders’
	Shares		Amount		Shares		Amount		Capital		Stage			Equity

BALANCE AT INCEPTION		-	$	-		-	$	-	$	-	$	-		$	-
Issuance of common stock at $0.0001		-		-		5,000,000		500		-		-			500
Net loss		-		-		-		-		-		(33,511	)		(33,511	)
BALANCE AT OCTOBER 31, 2006		-		-		5,000,000		500		-		(33,511	)		(33,011	)
Capital contributions		-		-		-		-		15,000		-			15,000
Net loss		-		-		-		-		-		(18,332	)		(18,332	)
BALANCE AT OCTOBER 31, 2007		-		-		5,000,000		500		15,000		(51,843	)		(36,343	)
Issuance of series A preferred stock at $0.0001		2,000,000		200		-		-		49,800		-			50,000
Net loss		-		-		-		-		-		(6,203	)		(6,203	)
BALANCE AT OCTOBER 31, 2008		2,000,000		200		5,000,000		500		64,800		(58,046	)		7,454
Issuance of common stock at $0.0001		-		-		3,200,000		320		-		-			320
Capital contributions		-		-		-		-		180		-			180
Net loss		-		-		-		-		-		(750	)		(750	)
BALANCE AT JANUARY 31, 2009		2,000,000	$	200		8,200,000	$	820	$	64,980	$	(58,796	)	$	7,204

See notes to financial statements.

F-3

REIDCO ACQUISITION I INC.

A Development Stage Company

STATEMENTS OF CASH FLOWS (unaudited)

	For the three months ended January 31, 2009			For the three months ended January 31, 2008			For the Cumulative Period from Inception (August 29, 2006) to January 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(750	)	$	(2,700	)	$	(58,796	)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating liabilities:
(Decrease) increase in accounts payable and accrued expenses		(2,350	)		2,700			750
Net cash utilized by operating activities		(3,100	)		-			(58,046	)

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from issuance of common stock		320			-			820
Proceeds from issuance of series A preferred stock		-			-			50,000

Proceeds from capital contribution		180			-			15,180
Proceeds from notes payable		-			-			20,000
Payment of note payable		-			-			(20,000	)
Net cash provided by financing activities		500			-			66,000

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(2,600	)		-			7,954

Cash and cash equivalents at beginning of period		10,554			1,180			-

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	7,954		$	1,180		$	7,954

Supplemental Disclosures of Cash Flow Information
Cash paid for interest	$	-		$	-		$	1,645
Cash paid for income taxes	$	-		$	-		$	-

See notes to financial statements.

F-4

REIDCO ACQUISITION I INC.

A Development Stage Company

NOTES TO FINANCIAL STATEMENTS

NOTE 1 -

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

(a)

Organization and Business:

Reidco Acquisition I Inc. (the “Company”) was incorporated in the state of Delaware on August 29, 2006 for the purpose of raising capital that is intended to be used in connection with its business plans which may include a possible merger, acquisition or other business combination with an operating business.

The Company is currently in the development stage. All activities of the Company to date relate to its organization, initial funding and share issuances.

(b)

Basis of Presentation:

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. At the balance sheet date, the Company has a stockholders’ deficiency and a deficit accumulated during the development stage. These factors raise substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional funds to finance its operations. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management plans to issue more shares of common stock in order to raise money and to continue to borrow from the Company’s existing stockholders until a business combination is effected.

(c)

Use of Estimates:

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

(d)

Cash and Cash Equivalents:

For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

(e)

Income Taxes:

The Company utilizes the liability method of accounting for income taxes. Under the liability method, deferred tax assets and liabilities are determined based on the differences between financial reporting basis and the tax basis of the assets and liabilities and are measured using enacted tax rates and laws that will be in effect, when the differences are expected to reverse. An allowance against deferred tax assets is recognized, when it is more likely than not, that such tax benefits will not be realized.

The Company has approximately $8,800 in gross deferred tax assets at January 31, 2009, resulting from mainly from start up costs. A valuation allowance has been recorded to fully offset these deferred tax assets as the future realization of the related income tax benefits is uncertain.

F-5

REIDCO ACQUISITION I INC.

A Development Stage Company

NOTES TO FINANCIAL STATEMENTS

NOTE 1-

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued):

(f)

Comprehensive Income

Comprehensive income for the period November 1, 2006 to January 31, 2009 and for the cumulative period from Inception (August 29, 2006) through January 31, 2009, as required to be reported by Financial Accounting Standards Board ("FASB") Statement of Financial Accounting Standards No, 130, was the same as the actual net income (loss) reported for that period.

(g)

Loss per Common Share:

Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. The Company does not have any potentially dilutive instruments.

(h)

Fair Value of Financial Instruments:

The carrying value of cash equivalents and accrued expenses approximates fair value due to the short period of time to maturity. The stockholder loans approximate fair value based on market rates available to the Company for financing with similar terms.

NOTE 2 -

LOAN PAYABLE TO AFFILIATE:

On August 29, 2006 the Company entered into a loan agreement with an affiliated entity in the amount of $20,000. The loan accrued interest at a rate of 4% per annum until a merger is completed. The loan and accrued interest was repaid in full on September 18, 2008.

NOTE 3 -

CAPITAL STOCK:

The total number of shares of capital stock which the Company shall have authority to issue is one hundred ten million (110,000,000). These shares shall be divided into two classes with 100,000,000 shares designated as common stock at $.0001 par value (the “Common Stock”) and 10,000,000 shares designated as preferred stock at $.0001 par value (the “Preferred Stock”). The Preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time.

F-6

REIDCO ACQUISITION I INC.

A Development Stage Company

NOTES TO FINANCIAL STATEMENTS

NOTE 3 -

CAPITAL STOCK (Continued):

Holders of shares of Common stock shall be entitled to cast one vote for each share held at all stockholders' meetings for all purposes, including the election of directors. The Common Stock does not have cumulative voting rights.

On August 29, 2006, the Company issued 4,000,000 shares of common stock at a purchase price of $.0001 per share for an aggregate purchase price of $400, which was paid for on September 15, 2006.

On August 29, 2006, the Company issued an additional 400,000 shares of common stock at a purchase price of $.0001 per share for an aggregate purchase price of $40, which was paid for on October 2, 2006.

On August 29, 2006, the Company also entered into six separate stock purchase agreements with six stockholders to sell each 100,000 shares of the Company’s common stock, par value $.0001 per share for a purchase price of $.0001 per share for an aggregate of $10 each, which was paid for on September 15, 2006, September 29, 2006 and October 3, 2006.

On January 23, 2007 and March 13, 2007, the Company received proceeds of $5,000 and $10,000, respectively, as capital contributions.

On September 18, 2008, the Company received proceeds of $50,000 for 2,000,000 shares of Series A preferred stock.

On January 31, 2009, the Company received proceeds of $320 for 3,200,000 shares of common stock and $180 as a capital contribution.

NOTE 4 -

INCOME TAXES:

The provision for (benefit from) income taxes consists of the following for the period from August 29, 2006 (inception) to January 31, 2009.

	January 31, 2009			October 31, 2008
Current:
Federal	$	-		$	-
Deferred tax asset:
Federal		8,800			8,700
Valuation allowance		(8,800	)		(8,700	)
	$	-		$	-

F-7

REIDCO ACQUISITION I INC.

A Development Stage Company

NOTES TO FINANCIAL STATEMENTS

NOTE 4 -

INCOME TAXES (Continued):

The Company has approximately $8,800 in gross deferred tax assets at January 31, 2009, resulting from net operating loss carryforwards. A valuation allowance has been recorded to fully offset these deferred tax assets because the future realization of the related income tax benefits is uncertain. At January 31, 2009, the Company has federal net operating loss carryforwards of approximately $58,750 available to offset future taxable income through 2029.

The difference between the tax provision at the statutory federal income tax rate and the tax provision attributable to loss before income taxes is as follows:

	January 31, 2009			October 31, 2008
Statutory federal income tax rate		(15	)%	(15	)%
Valuation allowance		15	%	15	%
Income tax rate		0	%	0	%

NOTE 5 -

RECENT ACCOUNTING PRONOUNCEMENTS:

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

NOTE 6 – LIQUIDITY AND GOING CONCERN:

The Company has limited working capital, has incurred losses since inception, and has not yet received revenues from sales of products or services. These factors create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.

The ability of the Company to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations. There can be no assurance the Company will be successful in these efforts.

F-8

Item 2. Management’s Discussion and Analysis or Plan of Operation.

Plan of Operation. Reidco Acquisition I Inc. (the “Company”) has not realized any revenues from operations since August 29, 2006 (inception), and its plan of operation for the next twelve months shall be to continue its efforts to locate suitable acquisition candidates. The Company can provide no assurance that it can continue to satisfy its cash requirements for at least the next twelve months.

Results of Operations. The Company has not conducted any active operations since inception, except for its efforts to locate suitable acquisition candidates. No revenue has been generated by the Company from August 29, 2006 (inception) to January 31, 2009. It is unlikely the Company will have any revenues unless it is able to effect an acquisition, or merger with an operating company, of which there can be no assurance.

Item 3. Controls and Procedures.

Evaluation of disclosure controls and procedures.

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules, regulations and related forms, and that such information is accumulated and communicated to our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

As of January 31, 2009, we carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our principal executive officer and principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

Changes in internal controls.

There have been no changes in our internal controls or in other factors during our most recent fiscal quarter that could significantly affect these controls and procedures during the quarterly period ended January 31, 2009.

PART II — OTHER INFORMATION

Item 1.

Legal Proceedings.

To the best knowledge of its sole officer and director, the Company is not a party to any legal proceeding or litigation.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds. None.

Item 3.

Defaults Upon Senior Securities. None.

Item 4.

Submission of Matters to a Vote of Security Holders. None.

Item 5.

Other Information. None.

Item 6. Exhibits.

Index to Exhibits

	Exhibit	Description

	*3.1	Certificate of Incorporation.

	*3.2	Bylaws.

	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 January 31, 2009.

	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 December 22, 2006, and incorporated herein by this reference.

SIGNATURES

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

Date: February 25, 2009	REIDCO ACQUISITION I INC.

	By:	/s/ Reid H. Drescher
	Name: Reid H. Drescher
	Title: President

REIDCO ACQUISITION I INC 10-Q