The accompanying reviewed financial statements are presented in accordance with generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and item 310 under subpart A 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. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results from inception (July 3, 2006) and three months ended March 31, 2008 are not necessarily indicative of results that may be expected for the year ending December 31, 2008. The financial statements are presented on the accrual basis.

	(Unaudited)
ASSETS	March 31, 2008		December 31, 2007

Current assets:
Cash	$	`-`	$	314
Advance to shareholder		`-`		1,592
*Total current assets*		`-`		1,906

Equipment, net	$	`-`	$	10,243

Total Assets	$	`-`	$	12,149


LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current liabilities:
Short-term borrowing	$	20,000	$	20,000
Lease payable		`-`		6,000
Accrued expense		17,891		5,000
*Total current liabilities*		37,891		31,000

Stockholders' equity (deficit)
Preferred stock; $.001 par value, 5,000,000 shares authorized;
zero shares issued and outstanding		`-`		`-`
Common stock; $.001 par value, 70,000,000 shares authorized;
37,000,000 shares issued and outstanding		37,000		37,000
Additional paid in capital		151,300		151,300
Accumulated (deficit) during the development stage		(226,191)		(207,151)
*Total stockholders' (deficit)*		(37,891)		(18,851)

Total Liabilities and Stockholders' Deficit	$	`-`	$	12,149

	(Unaudited)				July 3, 2006
	For the three		For the three		(date of inception)
	months ended		months ended		through
	March 31, 2008		March 31, 2007		March 31, 2008

Revenue	$	-	$	80,916	$	231,536

Operating expenses:
Cost of Operations		5,757		22,284		125,030
General and administrative expenses		14,046		76,953		324,801
Depreciation expense		-		545		3,478
*Total operating expenses*		19,803		99,782		453,309

*(Loss) from operations*		(19,803)		(18,866)		(221,773)

Other income (expenses):
Interest income		-		17		109
Interest (expense)		(21)		(2,473)		(5,311)
Other income		6,000		-		6,000
Loss on sale of equipment		(5,216)		-		(5,216)
*Total other income (expenses)*		763		(2,456)		(4,418)

*(Loss) before provision for income taxes*		(19,040)		(21,322)		(226,191)
Provision for income taxes		-		-		-

Net (loss)	$	(19,040)	$	(21,322)	$	(226,191)


Basic and diluted loss per common share	$	(0.01)	$	(0.01)	$	(0.01)

Basic and diluted weighted average
common shares outstanding		37,000,000		20,208,889		24,540,063

	(Unaudited)				July 3, 2006
	For the three		For the three		(date of inception)
	months ended		months ended		through
	March 31, 2008		March 31, 2007		March 31, 2008

Operating activities:
Net loss	$	(19,040)	$	(21,322)	$	(226,191)
Adjustments to reconcile net loss to
net cash used in operating activities:
Depreciation expense		-		134		3,478
Stock issued for services		-		20,000		30,000
Loss on sale of equipment		5,216		-		5,216
Changes in operating assets and liabilities:
Decrease in accounts receivable		-		500		-
(Decrease) in accounts payable		-		(244)		-
(Decrease) in lease payable		(6,000)		-		-
Increase (decrease) increase in accrued expense		12,891		(7,587)		17,891
*Net cash (used in) operating activities*		(6,933)		(8,519)		(169,606)

Investing activities:
Purchase of property and equipment		-		412		(3,921)
Advance to/ from shareholder		1,592		(1,609)		-
Proceeds from sale of equipment		5,027		-		5,027
*Net cash provided by (used in) investing activities*		6,619		(1,197)		1,106

Financing activities:
Proceeds from borrowing		-		-		20,000
Proceeds from stock		-		147,000		148,500
*Net cash provided by financing activities*		-		147,000		168,500

Net increase (decrease) in cash		(314)		137,284		-

Cash, beginning of period		314		17,720		-

Cash, end of period	$	-	$	155,004	$	-

Non Cash Investing and Financing Activities:
Issuance of common stock for services	$	-	$	20,000	$	30,000
Issuance of common stock for equipment	$	-	$	-	$	9,800

Accumulated

(Deficit)

Additional

Other

during

Total

Common Stock

Preferred Stock

Paid-in

Comprehensive

development

Stockholders'

Shares

Amount

Shares

Amount

Capital

Loss

stage

Equity (Deficit)

Balance at July 3, 2006

(Date of Inception)

$ -

Issuance of stock for services, $0.01 per share

1,000,000

1,000

9,000

10,000

Issuance of stock for equipment, $0.0098 per share

1,000,000

1,000

8,800

9,800

Net loss

(19,057)

Balance, December 31, 2006

2,000,000

2,000

17,800

(19,057)

743

Issuance of stock for services, $0.001 per share

20,000,000

20,000

Issuance of stock relating to private placement,

$0.01 per share, net of $1,500 of offering costs

15,000,000

15,000

133,500

148,500

Net loss

(188,094)

Balance, December 31, 2007

37,000,000

37,000

151,300

(207,151)

(18,851)

Issuance of stock

Net loss

(19,040)

Balance March 31, 2008 (unaudited)

37,000,000

37,000

151,300

(226,191)

(37,891)

The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2008, and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2007 audited financial statements. The results of operations for the periods ended March 31, 2008 and 2007 are not necessarily indicative of the operating results for the full years.

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

On February 25, 2008, the Company entered into a Settlement Agreement with Barry Van Wie (“BVW”), Chief Executive Officer, President and the sole Director of the Company. Pursuant to the Settlement Agreement several terms were agreed to including but not limited to following significant items: (a) BVW resigns as an officer and director of Promotions on Wheels Holdings, Inc. (POW) and Rowland W. Day II was appointed as director. (b) BVW transfers and assigns his 22,000,000 common shares of the Company to Rowland W. Day. (c) BVW cancels his seven year lease agreement whereby the Company was to pay him $2,000 per month for the use of the truck and releases the Company from the payment of $7,582 and any future payment or obligation for the truck rental. (d) The Company hereby sells and transfers the fixed assets to BVW.

During the period ended March 31, 2008, the Company sold all of its equipment to Barry Van Wie (“BVW”), former CEO in exchange for the settlement of advance from BVW in the amount of $5,027. These assets had a book value of $10,243 net of accumulated, the Company incurred a loss of approximately $5,200 from the sale.

The Company entered into a 7 year lease agreement with Barry Van Wie, the president/ shareholder of the Company, to pay monthly truck lease fee of approximately $2,000. These fees totaled approximately $4,000 for the period ended March 31, 2008.

During the normal course of business operation for the period ended March 31, 2008, the Company incurred legal fees of $7,500 to Legal office of Rowland W. Day II, a company related by common ownership.

During January, 2007, the company signed a one year lease agreement with Cab-Tive Advertising, Inc, a company related by common ownership, to pay monthly equipment fee of $2,000. The agreement was not renewed.

As of March 12, 2008, the Company owed $6,000 to Cab-Tive Advertising, Inc of unpaid lease payments. The Company and Cab-Tive Advertising entered into a mutual agreement to return the equipment and waive the unpaid lease fees. The Company wrote off the payable and recorded $6,000 of other income.

Promotions On Wheels Holdings, Inc. was incorporated on July 3, 2006. Promotions On Wheels Holdings, Inc. has generated a net loss of $226,191 since inception.

Since incorporation, Promotions On Wheels Holdings, Inc. has financed its operations through minimal business activity and a small loan as noted in the audited financials.

To date, Promotions On Wheels Holdings, Inc. is in the process of implementing planned principal operations. Presently, Promotions On Wheels Holdings, Inc. is attempting to secure sufficient monetary assets to increase operations. Promotions On Wheels Holdings, Inc. cannot assure any investor that it will be able to enter into sufficient business operations adequate to insure continued operations.

Below is an illustration of the financing needs and anticipated sources of funds for the elements of Promotions On Wheels Holdings, Inc.’s business plan that constitute top priorities. Each material event or milestone listed below will be required until the Company generates adequate revenue.

1. Procure existing sales and marketing efforts to solidify additional promotional events for the U.S. Army. The Company also needs to nurture and mature long-term relationships Las Vegas automotive dealerships, Nevada political campaign events, and other companies wishing to expand their exposure where the events we attend will complement their marketing efforts. POWH is actively pursuing promotional events on an immediate and long-term basis with each of the potential clients listed.

2. Researching and strategically target advertising agencies and promotional divisions of large corporations and governmental agencies. POWH expects to use a portion of the funds allocated toward sales and marketing and working capital to engage in this activity.

3. Establish and procure personal and business relationships with key individuals in government, businesses, and community leadership positions. A portion of the funds allocated toward sales and marketing activities are committed to mature these relationships.

For the quarter ended March 31, 2008, the registrant recognized a net loss of $19,040. Some general and administrative expenses during the year were accrued. Expenses for the year were comprised of costs mainly associated with legal, accounting, and office.

At March 31, 2008 the Company generated event income and may rely upon the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses.

Promotions On Wheels’ financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition. We believe our use if estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant esti mates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note 1 of our financial statements. While all these significant accounting policies impact its financial condition and results of operations, the Company views certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on the Company’s consolidated financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position or liquidity for the periods presented in this report.

Our Chief Executive Officer and Chief Accounting Officer (collectively the “Certifying Officers”) maintain a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management timely. Under the supervision and with the participation of management, the Certifying Officers evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)] under the Exchange Act) within 90 days prior to the filing date of this report. Based upon that evaluation, the Certifying Officers concluded that our disclosure controls and procedures are effective in timely alerting them to material information relative to our company required to be disclosed in our periodic filings with the SEC.

Our Certifying Officer has indicated that there were no significant changes in our internal controls or other factors that could significantly affect such controls subsequent to the date of his evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.

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

[ ] Large accelerated filer	[ ] Accelerated filer

[ ] Non-accelerated filer	[X] Smaller reporting company

PART I - FINANCIAL INFORMATION	3

Item 1. Financial Statements	3

Item 2. Management’s Discussion and Analysis of Financial Condition	11

Item 4. Control and Procedures	13

PART II - OTHER INFORMATION	13

Item 1. Legal Proceedings	13

Item 2. Changes in Securities	13

Item 3. Defaults Upon Senior Securities	13

Item 4. Submission of Matters to a Vote of Security Holders	13

Item 5. Other Information	14

Item 6. Exhibits and Reports on Form 8-K	14

SIGNATURE	15

	PAGE

BALANCE SHEET	F-1

STATEMENT OF OPERATIONS	F-2

`STATEMENT OF CASH FLOWS`	F-3

`STATEMENT OF STOCKHOLDERS’ EQUITY`	F-4

FOOTNOTES TO FINANCIAL STATEMENTS	F-5

Accrued interest expense	$ 5,000
Other accrued expenses	12,891
	$ 17,891