UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~August 31~~February 28, ~~2009~~2010

¨ TRANSITION REPORT ~~UNDER~~PURSUANT TO SECTION 13 OFOR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~From~~For the transition period from ~~____________~~ ______ to ~~___________~~______.

Commission File ~~Number 33~~No. 033-55254-40

LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY

~~VENTURE~~(Exact name ~~COMPANY~~of ~~- LATVCO.~~registrant as specified in its charter)

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

Nevada	87-0485311
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

1981 Marcus Avenue No. C 129, Lake Success N.Y. 11042

1981 Marcus Avenue, #C129 Lake Success, New York	11042
(Address of principal executive offices)	(Zip code)

(~~Address of principal executive offices~~516) 448-4444

(~~516)~~Registrant’s ~~488-4444~~telephone number, including area code)

(Issuer's telephone number)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the ~~past~~preceding 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 ¨

~~Yes~~Indicate by xcheck mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No¨ o No ¨

Indicate by check mark whether the registrant is a ~~shell~~large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. ~~(as~~See definitions ~~defined~~of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

~~Yes~~Large accelerated ofiler ¨ NoAccelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company x

Class		Shares Outstanding		Date
Common, $.001 par value		41,860,000		October 9, 2009

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨

~~LATIN~~As of ~~AMERICAN~~April ~~TELECOMMUNICATIONS~~16, ~~VENTURE~~2010, ~~COMPANY~~the -number ~~LATVCO~~of outstanding shares of Common Stock of the issuer was 33,700,000.

LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY AND SUBSIDIARIES

INDEX

	~~Page Number~~	Page Number
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Item 1.	Financial Statements	3
Condensed Consolidated Balance Sheets – August 31, 2009 (unaudited) and November 30, 2008	3
	Condensed Consolidated Balance Sheets— February, 28, 2010 (unaudited) and November 30, 2009	3
Condensed Consolidated Statements of Operations - unaudited - For the three and nine months ended August 31, 2009 and 2008	4
	Condensed Consolidated Statements of Operations—For the three months ended February 28, 2010 and February 28, 2009 (both unaudited)	4
Condensed Consolidated Statements of Deficiency in Stockholders’ Equity - For the Nine Months Ended August 31, 2009	5
	Condensed Consolidated Statements of Cash Flows—For the three months ended February 28, 2010 and February 28, 2009 (both unaudited)	5
Condensed Consolidated Statements of Cash Flows - unaudited - For the nine months ended August 31, 2009 and 2008	6
	Notes to Condensed Consolidated Financial Statements	6
Notes to unaudited Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	8
Item 3. Quantitative and Qualitative Disclosures About Market Risks	15
Item 4.	Controls and Procedures	8
Item 4(T). Controls and Procedures	15
PART II - OTHER INFORMATION
PART II - OTHER INFORMATION
Item 6.	Exhibits	9
Item 1. Legal Proceedings	16
SIGNATURES		10
Item 1A. Risk Factors	16
Item 2. Changes in Securities	16
Item 3. Defaults Upon Senior Securities	16
Item 4. Submission of Matters to a Vote of Security Holders	16
Item 5. Other Information	16
Item 6. Exhibits	16
SIGNATURES	17
CERTIFICATIONS

~~LATIN~~PART ~~AMERICAN~~I ~~TELECOMMUNICATION~~– ~~COMPANY~~FINANCIAL ~~- LATVCO.~~INFORMATION

Item 1.

Financial Statements

LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

	August 31,			November 30,
	February 28, 2010			November 30, 2009
	2009			2008
	(Unaudited)
	(Unaudited)			(Audited)
ASSETS
Current Assets:
Current assets:
Cash and cash equivalents	$	~~294~~184		$	-—
Total Current Assets		294			-
Inventory		—			—
TOTAL ASSETS	$	294		$	-
Total current assets		184			—
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
Total assets	$	184		$	—
Current Liabilities:
LIABILITIES INTEREST AND STOCKHOLDERS’ (DEFICIT)
Loans payable - related parties (Note 3)	$	50,600		$	54,500
Current liabilities:
Accounts payable and accrued expenses	$	5031,~~685~~047		$	4735,~~672~~727
Total Current Liabilities		101,285			102,172
Loans payable – related parties		70,037			61,449
Commitments and contingencies		-			-
Total current liabilities		101,084			97,176
Stockholders' Equity (Deficit)
Commitments and contingencies
Common stock (Note 4)		41,860			33,093
Stockholders’ Equity (Deficit)(Note 3)
Paid-in capital		693,600			702,367
Common Stock		41,860			41,860
Accumulated deficit		(836,451	)		(837,632	)
Paid-in capital		701,760			693,600
Total Deficiency Stockholders' Equity		(100,991	)		(102,172	)
Accumulated deficit		(836,360	)		(832,636	)
TOTAL LIABILITIES AND DEFICIENCY IN STOCKHOLDERS' EQUITY	$	294		$	-
		(92,740	)		(97,176	)
Less: treasury stock		(8,160	)		—
Total stockholders’ deficit		(100,900	)		(97,176	)
Total liabilities and stockholders’ deficit	$	184		$	—

The accompanying notes are an integral part of these ~~unaudited~~ condensed ~~consolidated~~ consolidated financial statements.

LATIN AMERICAN ~~TELECOMMUNICATION~~TELECOMMUNICATIONS VENTURE COMPANY -AND ~~LATVCO.~~SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ~~– UNAUDITED~~

~~FOR THE THREE AND NINE MONTHS ENDED AUGUST 31, 2009 AND 2008~~(Unaudited)

	Three Months			Three Months			Nine Months			Nine Months
	Three Months Ended
	Ended			Ended			Ended			Ended
	February 28, 2010			February 28, 2009
	August 31,			August 31,			August 31,			August 31,
Net sales	$	—		$	33,839
	2009			2008			2009			2008
Cost of sales		—			—
Net sales	$	-		$	3,888		$	36,239		$	49,954
Gross profit		—			33,839
Cost of Goods Sold		-			-			2,400			24,828
Operating expenses:
Gross Profit		-			3,888			33,839			25,126
Media advertising		—			—
Operating expenses:
Selling, general and administrative		2,336			19,709
Media advertising		-			3,116			-			12,303
Total operating expenses		2,336			19,709
Selling, general and administrative expenses		1,296			23,755			30,165			100,048
Income (loss) from operations		(2,336	)		14,130
Total operating expenses		1,296			26,871			30,165			112,351
Interest expense		1,088			777
Income (loss) from operations		(1,296	)		(22,983	)		3,674			(87,225	)
Income (loss) before income taxes		(3,424	)		13,353
Other expenses
Provision for income taxes		300			—
Interest expense		(927	)		(741	)		(2,464	)		(7,136	)
Net income (loss)		(3,724	)	$	13,353
Total other expenses		(927	)		(741	)		(2,464	)		(7,136	)
Net income (loss) per share	$	(0.00	)	$	0.00
Net income (loss) before provision for income tax		(2,223	)		(23,724	)		1,210			(94,361	)
Weighted-average shares outstanding		33,700,000			33,092,500
Provisions for income tax		-			-			29			-
Net Income (Loss)	$	(2,223	)	$	(23,724	)	$	1,181		$	(94,361	)
Net Income (Loss) Per Common Share (basic and diluted)	$	(0.0001	)	$	(0.0007	)	$	0.0000		$	(0.0028	)
Weighted average of common shares outstanding		41,860,000			33,092,500			41,860,000			33,478,900

The accompanying notes are an integral part of these ~~unaudited~~ condensed ~~consolidated~~ consolidated financial statements.

LATIN AMERICAN ~~TELECOMMUNICATION~~TELECOMMUNICATIONS VENTURE COMPANY -AND ~~LATVCO.~~SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF DEFICIENCY IN STOCKHOLDERS' EQUITY

FOR THE NINE MONTHS ENDED AUGUST 31, 2009

	Common Stock						Additional
	Number of						Paid in			Accumulated
	Shares			Amount			Capital			Deficit			Total
Balance at December 1, 2008		33,092,500		$	33,093		$	702,367		$	(837,632	)	$	(102,172	)
Issuance of shares		10,830,000			10,830			(10,830	)					-
Cancellation of shares		(2,062,500	)		(2,063	)		2,063						-
Net Income		-			-			-			1,181			1,181
Balance at August 31, 2009		41,860,000		$	41,860		$	693,600		$	(836,451	)	$	(100,991	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

LATIN AMERICAN TELECOMMUNICATION COMPANY - LATVCO.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED AUGUST 31, 2009 AND AUGUST 31, 2008

(Unaudited)

	August 31,			August 31,
	Three Months Ended
	2009			2008
	February 28, 2010			February 28, 2009
Cash Flows From Operating Activities:
Cash flows from operating activities:
Net income (loss)	$	1(3,~~181~~724	)	$	~~(94~~13,~~361~~353	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Changes in operating assets and liabilities:
Decrease in accounts receivable		-			2,025
Increase (decrease) in accounts payable and accrued expenses		(4,680	)		12,277
Decrease in inventory		-			24,828
Cash provided by (used in) operating activities		(8,404	)		25,630
Increase (decrease) in accounts payable and accrued expenses		3,013			20,820
Cash flows from financing activities:
Cash Provided by (Used in) Operating Activities		4,194			(46,688	)
Proceeds from loans payable – related parties		8,588			—
Cash Flows From Investing Activities:
Repayments of loans payable – related parties		—			(20,000	)
Repayment of note receivable		-			30,000
Cash provided by (used in) financing activities		8,588			(20,000	)
Cash Used In Investing Activities		-			30,000
Increase (decrease) in cash		184			5,630
Cash Flows From Financing Activities:
Cash, beginning of period		—			—
Repayment of loans payable - related parties		(20,000	)		(19,604	)
Cash, end of period	$	184		$	5,630
Proceeds from loans payable - related parties		16,100			29,136
Supplemental disclosure of cash flow information:
Cash Provided By (Used In) Financing Activities		(3,900	)		9,532
Cash paid during the period for interest	$	—		$	—
Increase In Cash And Cash Equivalents		294			(7,156	)
Cash paid during the period for taxes	$	—		$	—
Cash and cash equivalents: beginning of period		-			8,530
Supplemental disclosure of non-cash transactions:
Cash and cash equivalents: end of period	$	294		$	1,374
Return of stock to treasury	$	8,160		$	—
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest	$	-		$	11,644
Cash paid during the period for taxes	$	29		$	-
Supplemental Disclosure of Noncash Transactions:
Repayment of loan payable - related parties with treasury stock	$	-		$	146,736
Retirement of treasury stock	$	-		$	16,370

The accompanying notes are an integral part of these ~~unaudited~~ condensed ~~consolidated~~ consolidated financial statements.

LATIN AMERICAN ~~TELECOMMUNICATION~~TELECOMMUNICATIONS VENTURE COMPANY –AND ~~LATVCO~~SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~FOR THE NINE MONTHS ENDED AUGUST 31, 2009 AND~~(Unaudited)

~~AUGUST 31,~~1. ~~2008~~Interim Financial Presentation

The interim condensed consolidated financial statements of Latin American Telecommunications Venture Company (~~UNAUDITED~~the “Company”, “we”, or “our”) are prepared pursuant to the requirements for reporting on Form 10-Q. The interim condensed consolidated financial statements for the period ended February 28, 2010 have not been audited by our independent registered public accounting firm. The November 30, 2009 balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The interim condensed consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes included in our Form 10-K for the year ended November 30, 2009. In the opinion of management, these interim financial statements reflect all adjustments of a normal recurring nature necessary for a fair presentation of the results for the interim periods presented. The current period results of operations are not necessarily indicative of results that ultimately will be reported for the full year ending November 30, 2010.

~~NOTE~~Certain information 1and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules of the Securities and Exchange Commission. The Company believes that the ~~SUMMARY~~disclosures OFmade ~~SIGNIFICANT~~are ~~ACCOUNTING~~adequate ~~POLICIES~~to make the information not misleading.

~~Nature~~Certain amounts ofin the prior year financial statements have been reclassified to conform ~~Business:~~to the current year presentation.

~~Latin American Telecommunications Venture Company - LATVCO (The “Company” or “LATVCO”) is incorporated under the laws of the state of Nevada~~2. ~~The~~Going Company through its wholly owned subsidiary, Avallon 7, Inc. (“Avallon”) designs, develops, imports and distributes health and beauty care products to internet and mass market retailers, general merchandisers and directly to consumers through direct response marketing campaigns.Concern

~~Basis~~The accompanying statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in ~~Presentation:~~the normal course of business. As shown in the accompanying financial statements as of February 28, 2010, the Company has a $100,900 working capital deficit. This factor and the fact that the company has very limited sources of income, among others, may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.

The accompanying interim financial information, as of August 31, 2009, for the nine month periods ended August 31, 2009 and August 31, 2008 has been prepared without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The company believes that the disclosures made are adequate to provide for fair presentation. These financial statements should be read in conjunction with the company’s 2008 Financial Statements and the notes thereto, included in the company's 2008 Form 10-K.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of financial position as of August 31, 2009 and results of operations and cash flows for the nine months ended August 31, 2009 and August 31, 2008 have been made. The results of operations for the nine months ended August 31, 2009, are not necessarily indicative of the operating results for the full fiscal year or any future periods.

The condensed consolidated financial statements include the accounts of LATVCO and its fully-owned subsidiary, Avallon. All significant inter-company transactions and balances have been eliminated in consolidation.

Revenue Recognition:

For revenue from product sales, the Company recognizes revenue in accordance with Staff Accounting Bulletin No. 104, Revenue Recognition (“SAB104”), which superseded Staff Accounting Bulletin No. 101, Revenue Recognition in Financial Statements (“SAB101”). SAB 101 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on managements’ judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product was not delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

SAB 104 incorporates Emerging Issues Task Force 00-21 (“EITF 00-21”), Multiple-deliverable Revenue Arrangements. EITF 00-21 addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. The effect of implementing EITF 00-21 on the Company’s financial position and results of operations was not significant.

Allowance for Doubtful Accounts:

The Company maintains an allowance for doubtful accounts equal to the estimated uncollectible amounts. The company’s estimate is based on historical collection experience and review of the current status of the accounts receivable.

LATIN AMERICAN TELECOMMUNICATION VENTURE COMPANY – LATVCO

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED AUGUST 31, 2009 AND

AUGUST 31, 2008

(UNAUDITED)

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

Use of Estimates:

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures accordingly. Actual results could differ from these estimates.

Cash Equivalents:

For purposes of the Statement of Cash Flows, the Company considers all highly liquid debt instrument purchases with a maturity time of three months or less to be cash equivalents.

Income Taxes:

The Company accounts for income taxes using the liability method under which deferred tax assets and liabilities are determined based upon the differences between financial statements carrying amounts and the tax basis of existing assets and liabilities. During the periods ended August 31, 2009 and August 31, 2008 there were no material differences that required deferred tax asset or liability.

Advertising Costs:

The Company expenses advertising costs as incurred according to SOP 93-7.

Inventories:

Inventories are stated at the lower of cost or market using first in, first out (FIFO) method of valuation.

Research and Development:

The company accounts for research and development costs in accordance with the Financial Accounting Standard Board’s Statement of Financial Standard No. 2 (“SFAS 2”), “Accounting for Research and Development Costs”. Under SAFS 2 all research and development costs must be charged to expenses as incurred. Accordingly, internal research and development costs are expenses as incurred. Third-party research and development costs are expensed when the contracted work has been performed or as milestone results have been achieved. Company-sponsored research and development costs related to both present and future products are expensed in the period incurred.

Earnings per share:

The Company presents basic and diluted earnings (loss) per common share pursuant to the provisions of Statement of Financial Accounting Standards No. 128, “Earnings per Share” (“SFAS 128”), and certain other financial accounting pronouncements. Basic earnings (loss) per common share are calculated by dividing net income (loss) by the weighted average number of common shares outstanding during each period. The calculation of diluted earnings (loss) per common share is similar to that of basic earnings (loss) per common share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares, such as those issuable upon the exercise of warrants, were issued during the period.

LATIN AMERICAN TELECOMMUNICATION VENTURE COMPANY – LATVCO

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED AUGUST 31, 2009 AND

AUGUST 31, 2008

(UNAUDITED)

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

Recently Issued Accounting Pronouncements:

In June 2009, the FASB issued SFAS No. 166, Accounting for Transfers of Financial Assets – An Amendment of FASB Statement No. 140. This statement is a revision to SFAS No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, and will require more disclosure about transfers of financial assets, including securitization transactions, and where entities have continuing exposure to the risks related to transferred financial assets. It eliminates the concept of a “qualifying special-purpose entity,” changes the requirements for derecognizing financial assets, and requires additional disclosures.

It also enhances information reported to users of financial statements by providing greater transparency about transfers of financial assets and an entity’s continuing involvement in transferred financial assets. This statement will be effective at the start of a reporting entity’s first fiscal year beginning after November 15, 2009. Early application is not permitted. The Company does not expect this pronouncement to have a material effect on the financial statements.

In May 2009, the FASB issued SFAS No. 165, Subsequent Events, which establishes (I) the period after the balance sheet date during which management shall evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements; (II) the circumstances under which an entity shall recognize events or transactions occurring after the balance sheet date in its financial statements; and (III) the disclosures that an entity shall make about events or transactions that occurred after the balance sheet date. This statement if effective for interim or annual financial periods ending after June 15, 2009, and shall be applied prospectively. There were no events occurring subsequent to the balance sheet date that would have a material impact on the financial statements.

In April 2009, the FASB issued FSP SFAS 115-2 and SFAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments. This FSP amends the other-than-temporary impairment guidance in U.S. GAAP for debt securities to make the guidance more operational and to improve the presentation and disclosure of other-than-temporary impairments on debt and equity securities in the financial statements. This FSP does not amend existing recognition and measurement guidance related to other-than-temporary impairments of equity securities. FSP SFAS 115-2 and SFAS 124-2 if effective for interim and annual periods ending after June 15, 2009, with early adoption permitted for periods ending after March 15, 2009. An entity may early adopt this FSP only if it also elects to early adopt FSP FAS 157-4. The Company does not expect this pronouncement to have a material effect on the financial statements.

SFAS No. 162, The Hierarchy of Generally Accepted Accounting Principles

In May 2008, the FASB issued SFAS No. 162 “The Hierarchy of Generally Accepted Accounting Principles”. The new standard is intended to improve financial reporting by identifying a consistent framework, or hierarchy, for selecting accounting principles to be used in preparing financial statements that are presented in conformity with U.S. generally accepted accounting principles (GAAP) for nongovernmental entities.

Prior to the issuance of SFAS 162, GAAP hierarchy was defined in the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standards (SAS) No. 69, The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles. SFAS 162 is effective 60 days following the SEC’s approval of the Public Company Accounting Oversight Board Auditing amendments to AU Section 411, The Meaning of Present fairly in Conformity with Generally Accepted Accounting Principles. The Company is currently evaluating the impact adoption of SFAS 162 may have on the financial statements if any.

LATIN AMERICAN TELECOMMUNICATION VENTURE COMPANY – LATVCO

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED AUGUST 31, 2009 AND

AUGUST 31, 2008

(UNAUDITED)

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – Continued

Recently Issued Accounting Pronouncements: continued

SFAS No. 161, Disclosures about Derivative Instruments

In March 2008, the Financial Accounting Standards Board (FASB) issued FASB Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities. The new standard is intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an entity’s financial position, financial performance, and cash flows. FASB Statement No. 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. The company does not expect adoption of this standard will have a material impact on its financial position, operation or cash flow.

SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements

In December 2007, FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB 51, which changes the accounting and reporting for minority interests. Minority interests will be recharacterized as noncontrolling interests and will be reported as a component of equity separate from the parent’s equity, and purchases or sales of equity interests that do not result in a change in control will be accounted for as equity transactions. In addition, net income attributable to the noncontrolling interest will be included in consolidated net income on the face of the income statement and, upon a loss of control, the interest sold, as well as any interest retained, will be recorded at fair value with any gain or loss recognized in earnings. SFAS No. 160 is effective for annual periods beginning after December 15, 2008. The company does not expect adoption of this standard will have a material impact on its financial position, operation or cash flow.

NOTE 2. INVENTORY

Inventory is stated at the lower of cost or market using first in, first out (FIFO) method of valuation. At August 31, 2009 components of inventories comprise of the following:

Finished goods	$	21,900
Less: write downs		(21,900	)
Total	$	-

NOTE 3. LOANS PAYABLE – RELATED PARTIES

Loans payable at August 31, 2009 and August 31, 2008 represents unsecured demand loans to related parties. Interest on the loans accrues at a rate of 7% per annum.

NOTE 4. STOCKHOLDERS’ EQUITY

The company is authorized to issue 99,000,000, $0.001 par value, common shares. There were 41,860,000 shares issued and outstanding at August 31, 2009. In April 2009, the Company issued 10,830,000 shares pursuant to an agreement dated April 1, 2008 which called for the conversion of debt owed to a related party. In addition, the Company cancelled 2,062,500 shares of common stock it received in connection with the February 27, 2008 Settlement Agreement between Bennoti, Inc and the Company. The holders of the company’s common shares have no cumulative voting rights or preemptive rights.

LATIN AMERICAN TELECOMMUNICATION VENTURE COMPANY – LATVCO

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED AUGUST 31, 2009 AND

AUGUST 31, 2008

(UNAUDITED)

NOTE 5. INCOME TAX

The Company has adopted Financial Accounting Standards No. 109, which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Temporary differences between taxable income reported for financial reporting purposes and income tax purposes are insignificant.

Management estimates that at August 31, 2009, The company has available for federal income tax purposes, a net operating loss carry forward of approximately $813,000, beginning to expire in the year 2023, that may be used to offset future taxable income. The company has provided a valuation reserve against the full amount of the net operating loss benefit, since in the opinion of management based upon the limited earning history of the company; it is more likely than not that the benefit may not be realized.

Components of deferred tax assets as of August 31, 2009 are as follows:

Net Operating losses carry forward	$	813,000
Valuation allowance		(813,000	)
Net deferred tax assets	$	-

NOTE 6. CONCENTRATION OF RISK

The Company maintains cash in deposit accounts in federally insured banks. At times, the balance in the accounts may be in excess of federally insured limits.

NOTE 7. GOING CONCERN

The accompanying statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements as of August 31, 2009 the company has a $100,991 working capital deficit. This factor and the fact that the company has very limited sources of income, among others, may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.

The Company's existence is dependent upon management's ability to develop profitable operations and resolve its liquidity problems. Management anticipates the Company will be able to attract a strategic acquirer to improve its liquidity through additional equity investment in the Company. The accompanying financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern. In order to improve the Company's liquidity, the Company is seeking additional working capital or a strategic acquirer. There can be no assurance the Company will be successful in its efforts.

113. Stockholders’ Equity

~~ITEM~~During 2.the ~~MANAGEMENT'S~~quarter ~~DISCUSSION~~ended ~~AND~~February ~~ANALYSIS~~28, OF2010, ~~FINANCIAL~~a ~~CONDITION~~total ~~AND~~of ~~RESULTS~~8,160,000 OFshares of common stock ~~OPERATIONS~~were returned to the Company for cancellation and are classified as treasury stock.

The following discussion and analysis should be read in conjunction with our audited consolidated financial statements and related notes included in this report. This report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this report that are not historic in nature, particularly those that utilize terminology such as “may,” “will,” “should,” “expects,” “anticipates,” “estimates,” “believes,” or “plans” or comparable terminology are forward-looking statements based on current expectations and assumptions.6

~~Various~~Item 2. Management’s ~~risks~~Discussion and ~~uncertainties~~Analysis ~~could~~of ~~cause~~Financial ~~actual~~Condition ~~results~~and toResults ~~differ materially from~~of those expressed in forward-looking statements. Factors that could cause actual results to differ from expectations include, but are not limited to, those set forth under the section “Risk Factors” set forth in this report.Operations

The ~~forward-looking~~following ~~events~~discussion ~~discussed~~and inanalysis ~~this~~should ~~annual~~be ~~report,~~read ~~the~~in ~~documents~~conjunction towith ~~which~~our wefinancial ~~refer~~statements ~~you~~ and ~~other~~notes ~~statements~~thereto ~~made~~included ~~from~~elsewhere ~~time~~in tothis ~~time~~Form by10-Q. Except usfor orthe ~~our representatives,~~historical ~~may~~information ~~not~~contained ~~occur~~herein, ~~and~~the ~~actual~~discussion ~~events~~in ~~and results may differ~~this ~~materially~~Form ~~and~~10-Q ~~are~~contains ~~subject~~certain toforward ~~risks,~~looking ~~uncertainties~~statements ~~and~~that ~~assumptions~~involve ~~about~~risks ~~us. For~~and ~~these statements~~uncertainties, wesuch ~~claim~~as ~~the~~statements ~~protection~~ of ~~the~~our ~~“bespeaks~~plans, ~~caution”~~objectives, ~~doctrine.~~expectations and ~~All~~intentions. ~~forward-looking~~The cautionary statements made in this ~~document~~Form ~~are~~10-Q ~~based~~should onbe ~~information~~read as ~~currently~~being ~~available~~applicable to usall asrelated offorward ~~the~~looking ~~date~~statements ofwherever ~~this~~they ~~report,~~appear in ~~and~~this weForm ~~assume~~10-Q. ~~no obligation~~Our toactual ~~update~~results ~~any~~could ~~forward-looking~~differ ~~statements.~~materially ~~Forward-looking~~from ~~statements~~those ~~involve~~discussed ~~known~~here. ~~and~~For ~~unknown~~a ~~risks,~~discussion ~~uncertainties~~of ~~and~~certain ~~other~~ factors that ~~may~~could cause ~~the~~ actual results to ~~differ~~be materially ~~from any future results~~different, ~~performance~~refer ~~or achievements~~to ~~expressed~~our orAnnual ~~implied~~Report byon ~~such~~Form ~~forward~~10-~~looking~~K for ~~statements~~the year ended November 30, 2009.

~~General~~Overview

~~Since~~From our acquisition of Avallon 7, Inc. in April 2007 through early 2009, our operations were ~~have been~~ focused on development and execution of the business of Avallon 7.

Through Avallon 7 ~~was~~ ~~created~~we inmarketed ~~August 2006 to market~~ and ~~sell~~sold health and beauty care products, both branded and private label, to consumers. Weutilizing ~~believe~~a ~~that~~direct the market for health and beauty care products offers opportunities for new and unique products, with their efficacy backed by scientific clinical work and before-and-after testimonials. We are positioning our business to ~~fill~~consumer ~~the demand for these types of product by using an integrated direct response and~~ retail marketing model. ~~Management~~By ~~seeks~~early ~~to identify new innovative health and beauty care products~~2009, ~~negotiate~~we ~~exclusive~~had ~~distribution~~sold ~~rights,~~off ~~and~~or ~~use~~written ~~proven direct~~off ~~response~~all ~~marketing~~of ~~tools~~our ~~such as television infomercials, print~~remaining ~~advertising~~inventory and ~~e-commerce~~had toeffective ~~bring~~terminated the ~~products~~operations toof ~~market~~Avallon 7.

~~Our core~~At ~~competency~~November ~~and~~30, ~~focus~~2009, iswe ~~selling~~had ~~and~~effectively ~~marketing~~altered ~~strategies~~our ~~for~~business ~~health~~plan ~~and~~to ~~beauty care products. Our initial~~ focus ~~was the identification of suitable products,~~on ~~negotiation~~efforts ofto ~~acceptable~~seek ~~distribution~~ and ~~fulfillment~~identify ~~agreements and development of~~ a ~~marketing~~privately-held ~~strategy~~operating ~~for~~company ~~those~~(a ~~products. To that end, we entered~~“Target ~~into~~Company”) ~~two~~desiring ~~separate exclusive distribution agreement pursuant~~ to ~~which~~become ~~were granted~~a ~~exclusive~~publicly ~~territorial~~held ~~marketing~~company ~~rights~~by ~~for~~combining ~~the~~with ~~product~~us through ~~lines~~a ofreverse ~~two manufacturers~~merger ofor ~~health~~acquisition ~~and~~type ~~beauty~~transaction ~~care~~(a ~~products~~“Business Combination”).

InPlan February 2007, we began marketing our first product by purchasing national media airtime to broadcast a short form television infomercial that was produced specifically for the product. Management found the initial results to be promising and planned to expand the frequency of ~~the infomercial broadcasts.~~Operations

~~Despite~~We are currently in the ~~initial~~process ~~favorable~~of ~~marketing~~evaluating ~~results~~and ~~enjoyed,~~identifying ~~both~~targets offor ~~our~~a ~~initial~~Business ~~distribution~~Combination. We ~~agreements~~are ~~have~~not ~~been~~presently ~~terminated~~engaged ~~and~~in, ~~during~~and ~~2008~~will ~~and~~not ~~2009,~~engage wein, ~~focused~~any onsubstantive ~~selling~~commercial ~~the~~business ~~remaining~~until ~~inventory~~we ofconsummate ~~products~~a ~~held. All unsold~~Business ~~inventory has been written off~~Combination.

AtOur management ~~August~~has broad discretion with respect to identifying and selecting a ~~31,~~prospective ~~2009,~~Target weBusiness. We ~~were~~have ~~actively~~not ~~seeking~~established ~~opportunities~~any tospecific attributes ~~distribute~~or ~~health~~criteria ~~and~~(financial ~~beauty~~or otherwise) for prospective Target ~~care~~Businesses. We ~~products~~cannot assure you that ~~meet~~we will be successful in our efforts ~~criteria~~to ~~with~~identify a ~~view~~Target toBusiness ~~rolling~~and ~~out~~consummate a ~~direct~~Business Combination or ~~marketing~~that ~~program~~any tobusiness ~~both~~with ~~U.S.~~which ~~markets~~we ~~and~~consummate ~~international~~a Business Combination will be ~~markets.~~successful

12We expect that in connection with any Business Combination, we will issue a significant number of shares of our common stock (equal to at least 80% of the total number of shares outstanding after giving effect to the transaction, in order to ensure that Business Combination qualifies as a “tax free” transaction under federal tax laws). The issuance of additional shares of our capital stock:

~~Critical Accounting~~· ~~Policies~~will significantly reduce the equity interest of our stockholders as of the date of the transaction; and

~~Our discussion~~· ~~and~~will ~~analysis~~cause ofa ~~our~~change ~~financial conditions and results of operations is based upon our consolidated financial statements, which have been prepared~~ in ~~accordance~~ ~~with~~likely ~~generally~~result ~~accepted accounting principles~~ in the ~~United~~resignation ~~States. The~~or ~~preparation~~removal of ~~financial~~our ~~statements~~management ~~requires~~as ~~managers~~of ~~to make estimates and disclosures on~~ the date of the ~~financial statements~~transaction. On an on-going basis, we evaluate our estimates, including, but not limited to, those related to revenue recognition. We use authoritative pronouncements, historical experience, and other assumptions as the basis for making judgments. Actual results could differ from those estimates. We believe the following critical accounting policies affect our more significant judgments and estimates in the preparation of our consolidated financial statements.

~~Going~~Our ~~Concern~~management anticipates that the Company likely will be able to affect only one Business Combination, due primarily to our financial resources and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a Target Business in order to achieve a tax free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against potential gains from another.

~~The~~Results ~~accompanying statements have been prepared on a going concern basis, which contemplates the realization~~ of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements as of August 31, 2009 the company has a $100,991 working capital deficit. This factor and the fact that the company has very limited sources of income, among others, may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.Operations

~~The Company's existence~~During ~~is dependent upon management's ability to develop profitable operations and resolve its liquidity problems. Management anticipates~~ the ~~Company~~quarter ~~will~~ended beFebruary ~~able to~~28, ~~attract~~2010, awe ~~strategic~~had ~~acquirer~~no tosales ~~improve~~and ~~its~~had ~~liquidity~~an ~~through~~operating ~~additional~~loss ~~equity~~of ~~investment~~$2,336 inand ~~the Company.~~a ~~The~~net ~~accompanying financial~~loss ~~statements~~of do$3,724 ~~not~~compared ~~include any adjustments that might result should the Company be unable~~ to ~~continue~~sales asof a$33,839, ~~going~~operating ~~concern.~~income Inof ~~order~~$14,130 toand ~~improve~~net ~~the~~income ~~Company's~~of ~~liquidity~~$13,353 ~~the~~during ~~Company is seeking additional working capital or a strategic acquirer. There can be no assurance~~ the ~~Company~~same ~~will~~quarter ~~be successful~~ in ~~its~~ ~~efforts~~2009.

~~Revenue~~The ~~Recognition~~change in operating results reflects the effective termination of our prior operations and the incurrence of minimum essential costs to maintain our entity during the current year period as compared to the prior year when product sales were still being pursued.

Advertising Costs

The Company expenses advertising costs as incurred according to SOP 93-7.

Inventories

Material Changes in Result of Operations

Revenues

Revenues for the three months ended August 31, 2009 decreased by $3,888 or 100% to $0 from $3,888 for the corresponding period of the prior year. Revenues for the nine months ended August 31, 2009 decreased by $13,715 or 27% to $36,239 from $49,954 for the corresponding period of the prior year. Revenues for the nine months ended August 31, 2009 consisted of a sale of our remaining inventory of Avallon 8 hair regrowth product to a distributor. Revenues for the nine months ended August 31, 2008 consisted of a mix of product sales to consumers and distributors.

Cost of Sales

Cost of sales for the three months ended August 31, 2009 and 2008 was $0and $0, respectively. Cost of sales for the nine months ended August 31, 2009 decreased by $22,428 or 90% to $2,400 from $24,828 for the corresponding period of the prior year. In the year ended November 30, 2008, we wrote off our inventory, therefore the entire amount of our sale of Avallon 8 hair regrowth product in the nine months ended August 31, 2009 is recognized as gross profit. For the nine months ended August, 2008, we realized a 50% gross profit percentage, which was typical for the mix of products sold to consumers and distributors.

Media Advertising

Media advertising for the three months ended August 31, 2009 decreased by $3,116 or 100% to $0 from $3,116 for the corresponding period of the prior year. Media advertising for the nine months ended August 31, 2009 decreased by $12,303 or 100% to $0 from $12,303 for the corresponding period of the prior year. The decreases resulted principally from the lack of capital to fund an advertising budget and lack of product to advertise.

Other Selling, General and Administrative Expense

Other selling, general and administrative expense for the three months ended August 31, 2009 decreased by $22,459 or 95% to $1,296 from $23,755 for the three months ended August 31, 2008. Other selling, general and administrative expense for the nine months ended August 31, 2009 decreased by $69,883 or 70% to $30,165 from $100,048 for the nine months ended August 31, 2008. Other selling, general and administrative expenses decreased in connection with the reduction in media advertising and management’s efforts to conserve working capital.

As a result of the foregoing, the Company had a net loss from operations of $1,296 for the three months ended August 31, 2009 as compared to a net loss from operations of $22,983 for the three months ended August 31, 2009 and earned net income from operations of $3,674 for the nine months ended August 31, 2009 as compared to a net loss from operations of $87,225 for the nine months ended August 31, 2008.

Other Expense

For the three months ended August 31, 2009 and 2008, the Company incurred interest expense on notes to related parties of $927 and $2,464, respectively, and $741 and $7,136 for the nine-month periods then ended, respectively. The interest bearing balances of borrowings from related parties were lower during the three and nine months ended August 31, 2009 than balances outstanding during the three months ended August 31, 2008.

Income Taxes

Because of net losses in the three month periods ended August 31, 2009 and 2008, no income tax expense was recognized for the periods then ended. For the nine months ended August 31, 2009 and 2008, the Company recognized $29 and $0 of income tax expense. The expense recognized for the nine months ended August 31, 2009 related to the net income earned in that period which was partial offset by losses realized in prior periods. The Company realized a loss for the nine months ended August 31, 2008 and recognized no income tax expense as a result.

Net Income

The Company realized a net loss of $2,223 for the three months ended August 31, 2009 compared to a net loss of $23,724 for the corresponding period of the prior year. The Company earned net income of $1,181 for the nine months ended August 31, 2009 compared to a net loss of $94,361 for the corresponding period of the prior year. The improved results for the three and nine month periods ended August 31, 2009 as compared to the corresponding periods of the prior year reflect the atypical gross profit sale of our remaining inventory of Avallon 8 hair regrowth product as noted above and our reduced operating expenses while we consider new business opportunities.

Liquidity and Capital Resources

~~As of~~At ~~August~~February 3128, ~~2009~~2010, ~~the~~we ~~Company~~$184 ~~had~~of cash and ~~cash~~a ~~equivalents~~working capital deficit of $~~294~~100,900 as compared to no cash and a ~~deficit in~~ working capital deficit of $~~100~~97,~~991~~176 at November 30, 2009. The ~~This~~increase ~~compares~~in ~~with~~working ~~cash~~capital ~~and~~deficit ~~cash~~during ~~equivalents~~the ofperiod was $0attributable ~~and~~to athe ~~deficit~~increase in ~~working~~loans ~~capital~~from ofrelated ~~$102,172~~parties asto ofsupport ~~November~~payment ~~30,~~of ~~2008~~our basic overhead costs.

~~Cash~~During ~~provided by operating activities totaled $4,194 for~~ the ~~nine~~quarter ~~months~~ ended ~~August 31~~February 28, ~~2009 compared to $46~~2010,~~688~~ ofrelated ~~cash~~parties ~~used~~loaned into ~~operating activities for~~ the ~~corresponding~~ ~~period~~Company ~~of the prior year. The funds provided in the current period~~a ~~consist~~total of ~~the net income of~~ $18,~~181 and a $3,013 increase in accounts payable and accrued expenses~~588. At ~~Our~~February ~~cash flow used in operations in the prior period is primarily attributable to the net loss of $94~~28,~~361~~ ~~partially offset by a $24~~2010,~~828 decrease~~ inwe ~~inventory,~~owed a $270,~~025~~037 ~~decrease~~to ~~in accounts receivable and a $20,820~~related ~~increase in accounts payable and accrued expenses~~parties.

~~We had no~~Capital investing activities in the nine months ended August 31, 2009. Cash flows provided by investing activities totaled $30,000 for the nine months ended August 31, 2009, all from the repayment of a note receivable.Requirements

~~Cash~~We ~~flows~~currently ~~used~~have inminimal ~~financing~~cash ~~activities~~on ~~totaled~~hand ~~$3,900~~and ~~for~~no ~~the~~revenue ~~nine~~producing ~~months~~operations ~~ended~~and are ~~August~~dependent ~~31,~~upon ~~2009,~~our ~~consisting~~officers ofand ~~net~~shareholders ~~repayments~~to ofprovide ~~borrowings~~funding ~~under~~to ~~loans payable~~support tooperations ~~related~~for ~~parties.~~the ~~For~~foreseeable ~~the~~future. ~~corresponding~~There ~~period~~can ofbe ~~the~~no ~~prior~~assurance ~~year,~~that ~~the~~our ~~Company’s~~officers ~~financing~~and ~~activities~~shareholders ~~provided~~will ~~$9,532,~~be ~~which~~willing ~~consisted~~or ofable ~~net~~to continue to fund our ~~borrowings~~operating oncosts ~~the~~or ~~loans~~that ~~payable~~we will be able to ~~related~~secure additional debt or equity financing from third parties or that such financing will be available on favorable terms.

~~Inflation~~Our independent auditors, in their report on our November 30, 2009 financial statements included in this Form 10-K, states that our company is experiencing difficulty in generating sufficient cash flow to meet its obligations and sustain its operations, which raises substantial doubt about its ability to continue as a going concern.

In the opinion of management, inflation will not have an impact on the Company’s financial condition and results of its operations.

Off-Balance Sheet Arrangements

~~The Company~~We ~~does~~had ~~not maintain~~ no off-balance sheet arrangements ~~nor~~or ~~does~~guarantees itof ~~participate in~~third ~~any~~party ~~non-exchange~~obligations ~~traded~~at February ~~contracts~~28, ~~requiring fair value accounting treatment~~2010.

~~ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS~~Inflation

~~The~~We ~~Company~~believe ~~does~~that ~~not~~inflation ~~own~~has ornot ~~trade~~had ~~any~~a ~~financial~~significant ~~instruments~~impact ~~about~~on ~~which~~our ~~disclosure of~~operations ~~quantitative and qualitative market risks are required to be~~since ~~disclosed~~inception.

~~ITEM 4(T)~~Item 3. ~~CONTROLS~~Quantitative ~~AND~~and ~~PROCEDURES~~Qualitative Disclosures About Market Risk

~~Changes~~Not ~~in Internal Control over Financial Reporting~~applicable

~~There were~~Item no4. ~~changes~~Controls inand internal controls over financial reporting that occurred during the period covered by this report that have affected, or are reasonably likely to materially affect, our internal control over financial reporting.Procedures

15Evaluation of Disclosure Controls and Procedures

~~PART~~We IImaintain disclosure controls and procedures (as defined in Exchange Act Rule 13a-15(e) ~~OTHER~~and ~~INFORMATION~~15d-15(e)) that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding the required disclosure.

~~ITEM~~In ~~1. LEGAL~~designing ~~PROCEDINGS~~and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

~~None~~An evaluation as of the end of the period covered by this report was carried out under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, of the effectiveness of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d -15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Based on their evaluation, our certifying officers concluded that these disclosure controls and procedures were effective in providing reasonable assurance that the information required to be disclosed by us in our periodic reports filed with the Securities and Exchange Commission (“SEC”) is recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and SEC reports.

~~ITEM~~Changes ~~1A.~~in ~~RISK~~Internal ~~FACTORS~~Control Over Financial Reporting

~~As a~~During ~~“smaller~~the ~~reporting~~quarter ~~company”~~ended asFebruary ~~defined~~28, by2010, ~~Item~~there 10were ofno ~~Regulation~~changes ~~S-K~~in our internal control over financial reporting that materially affected, weor are ~~not~~reasonably ~~required~~likely to ~~provide~~materially ~~the~~affect, ~~information~~our ~~required~~internal bycontrol ~~this~~over ~~item~~financial reporting.

~~ITEM 2. CHANGES IN SECURITIES~~8

~~None~~PART II – OTHER INFORMATION

~~ITEM 3~~Item 6. ~~DEFAULTS~~ ~~UPON SENIOR SECURITIES~~Exhibits

None

Exhibit No.		Description

31.1		Section 302 Certification of CEO and Principal Executive Officer

31.2		Section 302 Certification of CFO and Principal Financial and Accounting Officer

32.1		Certification of CEO and Principal Executive Officer Pursuant to 18.U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of CFO and Principal Financial and Accounting Officer Pursuant to 18.U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

~~ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS~~9

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

a) Exhibits

31.1 Certification of Chief Executive Officer pursuant to Section 302, of the Sarbanes-Oxley Act of 2002.

31.2 Certification of Chief Financial Officer pursuant to Section 302, of the Sarbanes-Oxley Act of 2002.

32.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

SIGNATURES

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

	LATIN AMERICAN TELECOMMUNICATIONS
	LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY
	VENTURE COMPANY - LATVCO.
April 19, 2010	By:	/s/ David Bakhshi
Date: October 9, 2009	By:	/s/ David Bakhshi
		David Bakhshi
		Principal Executive Officer and Principal Financial Officer
		President and Principal Executive Officer
	By:	/s/ Thomas Calabro
		Thomas Calabro
		Chief Financial Officer

1710

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