U.S. Securities and Exchange Commission
                   Washington, D.C. 20549

                        Form 10-QSB

  [X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

        For the quarterly period ended June 30, 2003

  [  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE
         ACT

For the transition period from ____________ to _____________

             Commission file number:  000-13846

               STRATEGIC ALLIANCE GROUP, INC.
(Exact name of small business issuer as specified in its charter)

         Florida                                75 14 33 000
  (State of incorporation)        (IRS Employer Identification No.)

                3551 S.W. Corporate Parkway
                  Palm City, Florida 34990
          (Address of principal executive offices)

                       (561) 283-4490
                 (Issuers telephone number)

  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 [  ]

     APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
        PROCEEDINGS DURING THE PRECEEDING FIVE YEARS

  Check whether the registrant filed all documents and reports
  required to be filed by Section 12, 13, or 15(d) of the Exchange
  Act after the distribution of securities under a plan confirmed
  by a court.  Yes ..  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:
  As of March 31, 2003,

         Common capital stock - 475,000,000 shares

  Transitional Small Business Disclosure Format (Check One)
      Yes [ ]  No [X]


                                   TABLE OF CONTENTS

  PART I   FINANCIAL INFORMATION
  Item 1    Financial Statement
  Item 2    Management's Discussion and Analysis or Plan of
            Operation

  PART II   OTHER INFORMATION
  Item 1    Legal Proceedings
  Item 2    Changes in Securities
  Item 3    Defaults Upon Senior Securities
  Item 4    Submission of Matters to a Vote of Security Holders
  Item 5    Other Information



               PART 1   FINANCIAL INFORMATION

  Item 1.   Financial Statements.


                  FINANCIAL STATEMENTS
              STRATEGIC ALLIANCE GROUP, INC.
               Reviewed Financial Statements
                       (Unaudited)
               Nine Months ended June 30, 2003


  Table of Contents
  Financial Statements
       Report of Independent Accountant
       Balance Sheet
       Statement of Operations
       Statement of Changes in Stockholders' Deficit
       Statement of Cash Flow
       Notes to Financial Statements




  Aaron Stein
  CERTIFIED PUBLIC ACCOUNTANT
                                               981 ALLEN LANE
                                                P.O. BOX 406
                                         WOODMERE, NEW YORK 11598


  INDEPENDENT AUDITOR'S REPORT
  To the Board of Directors and Stockholders
  of Strategic Alliance Group, Inc.

  I have reviewed the accompanying balance sheet of Strategic
  Alliance Group, Inc. as of June 30, 2003, and the related
  statement of operations for the six months then ended, and
  the statement of cash flows for the nine months then ended.
  These financial statements are the responsibility of the
  Corporation's management.

  I conducted my review in accordance with standards established
  by the American Institute of Certifies   Public Accountants. A
  review of interim financial information consists principally
  of applying analytical procedures to financial data and making
  inquiries of persons responsible for financial and accounting
  matters. It is substantially less in scope than an audit
  conducted in accordance with   generally accepted auditing
  standards, the objective of which is the expression of an opinion
  regarding the financial statements taken as a whole. Accordingly,
  I do not express such an opinion.

  Based on my review, I am not aware of any material modifications
  that should be made to the accompanying financial statements for
  them to be in conformity with generally accepted accounting
  principles.

  Aaron Stein
  Woodmere, New York
  July 22, 2003


                     STRATEGIC ALLIANCE GROUP, INC.
                            BALANCE SHEET
                  Nine Months ended June 30, 2003
                            (Unaudited)


  ASSETS

  CURRENT ASSETS
      Cash and cash equivalents                    $         0


      Total cash and cash equivalents              $         0

  LIABILITIES AND STOCKHOLDERS' DEFICIT

      Common Stock:
      $.10 par value,
      Authorized 500,000,000 shares,
      475,000,000 shares issued and outstanding     47,500,000


              Additional paid-in capital           (47,500,000)



  Total Liabilities and Stockholders Equity       $          0




  See accompanying notes to financial statements



                       STRATEGIC ALLIANCE GROUP, INC.
                          STATEMENT OF OPERATIONS
                       Nine Months ended June 30, 2003
                              (Unaudited)



177:
  REVENUE                                          $      0
179:

  GENERAL AND ADMINISTRATIVE
  EXPENSES                                                0


  OPERATING LOSS                                          0


  OTHER INCOME (EXPENSES)
   Banking expense                                        0



  LOSS BEFORE PROVISION FOR
  INCOME TAXES                                            0


  INCOME TAXES                                            0

  NET LOSS                                                0



  LOSS PER SHARE
   Basic						  0

  AVERAGE NUMBER OF COMMON
  SHARES OUTSTANDING
   Basic                                        475,000,000



  See accompanying notes to financial statements



                           STRATEGIC ALLIANCE GROUP, INC.
                   STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                          Nine Months ended June 30, 2003
                                       (Unaudited)
220:
             Preferred Preferred Common Common Additional
                Stock    Stock   Stock  Stock  Paid       Accum
                Shares   Amount  Shares Amount In Capital Deficit Total


  Exchange of
  Preferred for
  Common Shares
  Issuance of
  Common Shares
  For Long Term
  Debts
  Additional Paid
  In Capital                                         (47,500,000)
  Net loss
236:
  Balance 6/30/03  0    0    475,000,000 $47,500,000 (47,500,000)  0
238:
239:
240:

242:
     See accompanying notes to financial statements


                         STATEMENT OF CASH FLOWS
                   Nine Months ended June 30, 2003
                              (Unaudited)



  CASH FLOWS FROM OPERATING
  ACTIVITIES

       Net loss                                   $         0

       Adjustments to reconcile
       net loss to net cash used by
       operating activities:
            Gain on sale of
               fixed assets                                 0
            Issuance of common
               stock for services rendered
               and other long-term
                liabilities                                 0

       Changes in operating
       assets and liabilities:
            Accounts payable and
               accrued expenses                             0
            Preferred dividends                             0
            Other long term-liabilities                     0
            Net cash used in operating
                          activities                        0

  CASH FLOWS FROM INVESTING
  ACTIVITIES

       Proceeds from sale of furniture
              and equipment                                 0

  CASH FLOWS FROM FINANCING
  ACTIVITIES

       Proceeds from sale of common stock                   0

  NET INCREASE/DECREASE IN CASH AND
  CASH EQUIVALENTS                                          0
289:
  CASH AND CASH EQUIVALENTS,
  Beginning                                                 0

  CASH AND CASH EQUIVALENTS,
  Ending                                                    0



  See accompanying notes to financial statements



                        STRATEGIC ALLIANCE GROUP, INC.
                        NOTES TO FINANCIAL STATEMENTS
                       Nine Months ended June 30, 2003


  Note 1: Organization, Business and Significant
  Accounting Policies

       Organization

       Strategic Alliance Group, Inc. (the Company) was originally
       incorporated in Florida as Eutro Group Holding, Inc. in
       September 1991.  On October 18, 1999 the Company filed its
       Articles of Amendment to its Articles of Incorporation thereby
       changing its name to Strategic Alliance Group, Inc. In
       September 1991 the Company completed a reverse acquisition
       of Bio-Analytic Laboratories, Inc., which then became a wholly
       owned operating subsidiary of the Company. On May 6, 1998,
       the Company sold its Bio-Analytic Laboratories, Inc.
       subsidiary. Since May 6, 1998, the Company has not had
       an operating subsidiary.

       Business

       Strategic Alliance Group, Inc. is a holding corporation.
       Its principal business is to own operating subsidiaries
       and assist these companies as well as other small and
       medium size companies with research, development, marketing
       and sales.

       Additionally, the Company will assist in the development of
       business plans and specializes in financial public relations.

  Significant accounting policies

       Use of Estimates in Financial Statements
       Management uses estimates and assumptions in preparing these
       financial statements in accordance with generally accepted
       accounting principles. Those estimates and assumptions
       affect the reported amounts of assets and liabilities, the
       disclosure of contingent assets and liabilities, and the
       reported revenue and expenses. Actual results could vary
       from the estimates that were used.

       Cash and Cash Equivalents   For purposes of reporting cash
       flows, the Company considers all cash accounts, which are
       not subject to withdrawal restrictions or penalties, as cash
       and equivalents in the accompanying balance sheet.
       Income Taxes - Statement of Financial Accounting Standards
       No. 109 (FAS 109), "Accounting for Income Taxes" is effective
       for financial statements issued for fiscal years beginning on
       or after December 15, 1992. Under FAS 109, deferred income
       taxes generally represent the future tax effect of existing
       differences between the book and tax bases of assets and
       liabilities, using the tax rates and laws existing as of the
       latest balance sheet date.

       The Company has not elected early adoption of this statement.
       The adoption of FAS 109 is not expected to have a material
       effect on the Company's financial position or results
       of operations due to the Company's NOL position and recent
       losses. The Company expects to record a deferred tax asset
       that will be fully reserved through the recording of a 100%
       valuation allowance.

       Earnings per Common Share - Basic loss per common share is
       computed using the weighted average number of common shares
       outstanding during the year.

  Note 2: Going Concern Consideration
       None

  Item 2.  Management's Discussion and Analysis or Plan of Operation.
  These presents should be read in conjunction with the financial
  statements and notes thereto appearing in Item 1 of this Form. As
  shown in the Financial Statements, there is little doubt about
  the ability of the Issuer to continue as a going concern due to
  its continuing lack of liquidity. It is unlikely that the Issuer
  can satisfy its cash requirements for the next 12 months
  without either receiving a substantial infusion of funds or
  by effecting a merger.

  The Issuer plans no product research or development activity.

  The Issuer has no permanent full time or part time employees.
  There is no problem with   significant changes or with any changes
  in staff. No long term fixed contract exists with any temporary
  employment service.

  The second quarter of the fiscal year to end September 30, 2003,
  saw significant activity   aimed at a merger of the Issuer with a
  viable company seeking an established public company as a merger
  partner. Further information of the negotiations and events
  leading to them are contained in Item 5 of this Form.

  PART II   OTHER INFORMATION

  Item 1.  Legal Proceedings

  Pending legal proceedings:

  On June 30, 2003, the Issuer had no pending legal proceedings
  against it, and its management was not aware of any that were
  awaiting filing.

  Pending governmental agency procedures:

  On June 30, 2003, the Issuer had no pending governmental agency
  procedures against it and its management was not aware of
  any that were awaiting submission by any governmental agency.

  Item 2.  Changes in Securities
  There have been no modifications in the instruments defining
  the rights of the holders of any class of registered securities.

  There has been no material limitation or qualification of the
  rights evidenced by any class of   registered securities by the
  issuance or modification of any other class of securities.

  Item 3.  Defaults Upon Senior Securities.
  None.

  Item 4.  Submission of Matters to a Vote of Security Holders.
  There has been no submission of any matter to a vote of security
  holders during the period covered by this report, through
  solicitation of proxies or otherwise.

  Item 5.  Other Information.
  None.

  SIGNATURES

          In accordance with Section 13 or 15(d) of the Exchange
  Act, the registrant   caused this report to be signed on its
  behalf by the undersigned, thereunto duly authorized.

  Strategic Alliance Group, Inc.
  (Registrant)

  By /s/  Floyd D. Wilkenson
          CEO and Sole Director
          (Signature and Title)

  Date: June 30, 2003
  In accordance with the Securities Act, this report has been
  signed below by the following persons on behalf of the
  registrant and in the capacities and on the dates indicated.


  By /s/   Floyd D.Wilkenson
           CEO and Sole Director
           (Signature and Title)

  Date: June 30, 2003


                 CERTIFICATIONS PURSUANT TO
                       SECTION 302 OF
               THE SARBANES-OXLEY ACT OF 2002

  CERTIFICATION
  I, Floyd D. Wilkenson, certify that:
  1. I have reviewed this quarterly report on Form 10-QSB of
     Strategic Alliance Group,   Inc.;
  2. Based on my knowledge, this quarterly report does not contain
     any untrue   statement of a material fact or omit to state a
     material fact necessary to make the   statements made, in light
     of the circumstances under which such statements were   made,
     not misleading with respect to the period covered by this
     quarterly report;
  3. Based on my knowledge, the financial statements, and other
     financial information   included in this quarterly report,
     fairly present in all material respects the financial
     condition, results of operations and cash flows of the
     registrant as of, and for, the periods presented in this
     quarterly report;
  4. I, being the sole director and officer are responsible for
     establishing and maintaining disclosure controls and
     procedures (as defined in Exchange Act Rules 13a-14 and 15d-14)
     for the registrant and I have:
  a) designed such disclosure controls and procedures to ensure
     that material information relating to the registrant, including
     its consolidated subsidiaries, is made known to me by others
     within those entities, particularly during the period in which
     this quarterly report is being prepared;
  b) evaluated the effectiveness of the registrant's disclosure
     controls and procedures as of a date within 90 days prior
     to the filing date of this quarterly report (the "Evaluation
     Date"); and
  c) presented in this quarterly report my conclusions about the
     effectiveness of the disclosure controls and procedures based
     on our evaluation as of the Evaluation Date;
  5. I, being the sole director and officer have disclosed, based
     on the most recent evaluation, to the registrant's auditors
     and the audit committee of registrant's board of directors
     (or persons performing the equivalent function):
  a) all significant deficiencies in the design or operation of
     internal controls which could adversely affect the registrant's
     ability to record, process, summarize and report financial
     data and have identified for the registrant's auditors any
     material weaknesses in internal controls; and
  b) any fraud, whether or not material, that involves management
     or other employees who have a significant role in the
     registrant's internal controls; and
  6. I, being the sole director and officer have indicated in this
     quarterly report whether or not there were significant changes
     in internal controls or in other factors that could
     significantly affect internal controls subsequent to the date
     of our most recent evaluation, including any corrective actions
     with regard to significant deficiencies and material weaknesses.

  Date: June 30, 2003

  /s/ Floyd D. Wilkenson
  Floyd D. Wilkenson
  Chief Executive Officer/Sole Director


  CERTIFICATION
  I, Floyd D. Wilkenson, certify that:
  1. I have reviewed this quarterly report on Form 10-QSB of
     Strategic Alliance Group,   Inc.;
  2. Based on my knowledge, this quarterly report does not contain
     any untrue statement of a material fact or omit to state a
     material fact necessary to make the statements made, in light
     of the circumstances under which such statements were   made,
     not misleading with respect to the period covered by this
     quarterly report;
  3. Based on my knowledge, the financial statements, and other
     financial information included in this quarterly report,
     fairly present in all material respects the financial
     condition, results of operations and cash flows of the
     registrant as of, and for, the   periods presented in this
     quarterly report;
  4. I, being the sole director and officer are responsible for
     establishing and maintaining disclosure controls and procedures
     (as defined in Exchange Act Rules 13a-14 and 15d-14) for the
     registrant and I have:
  a) designed such disclosure controls and procedures to ensure
     that material information relating to the registrant,
     including its consolidated subsidiaries, is made
     known to us by others within those entities, particularly
     during the period in which this quarterly report is being
     prepared;
  b) evaluated the effectiveness of the registrant's disclosure
     controls and procedures as of a date within 90 days prior to
     the filing date of this quarterly report (the "Evaluation Date");
     and
  c) presented in this quarterly report our conclusions about the
     effectiveness of the disclosure controls and procedures based
     on our evaluation as of the Evaluation Date;
  5. The registrant's other certifying officers and I have disclosed,
     based on our most recent evaluation, to the registrant's auditors
     and the audit committee of registrant's   board of directors
     (or persons performing the equivalent function):
  a) all significant deficiencies in the design or operation of
     internal controls which   could adversely affect the registrant's
     ability to record, process, summarize and report financial
     data and have identified for the registrant's auditors any
     material weaknesses in internal controls; and
  b) any fraud, whether or not material, that involves management
     or other employees   who have a significant role in the
     registrant's internal controls; and
  6. I, being the sole director and officer have indicated in
     this quarterly report whether   or not there were significant
     changes in internal controls or in other factors that could
     significantly affect internal controls subsequent to the
     date of my most recent evaluation, including any corrective
     actions with regard to significant deficiencies and
     material weaknesses.

  Date: June 30, 2003
  /s/ Floyd D. Wilkenson
  Floyd D. Wilkenson
  Sole Director