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, 2000

[  ]  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.)

2505 NW Boca Raton Blvd., Suite One
Boca Raton, Florida 33431
(Address of principal executive offices)

(561) 367-8565
(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 [   ] No [X]

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

Check whither 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, 2000

Common capital stock - 356, 249, 977 shares
Series A. Preferred Stock -  428, 250 shares

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



PART 1  FINANCIAL INFORMATION

Item 1.   Financial Statements.


                                 FINANCIAL STATEMENTS
                             STRATEGIC ALLIANCE GROUP, INC.
                                  SEPTEMBER  30, 1999




                             STRATEGIC ALLIANCE GROUP, INC.
                                   FOR THE YEAR ENDED
                                   SEPTEMBER 30 1999


             TABLE OF CONTENTS


   Accountants Report                                                I
   Balance Sheet

   Statement of Operations

   Statement of Changes in Shareholders' Deficit

   Statement of Cash Flow

   Notes to Financial Statements



To the Board of Directors and Shareholders'
of Strategic Alliance Group, Inc.

I have audited the accompanying balance sheet
of Strategic Alliance Group,Inc.(a Florida corporation) as
of September 3O, 1999 and the related statement of operations,
changes in shareholders' deficit and cash flows for the year then
ended. These financial statements are the responsibility of the
Company's management. My responsibility is to express an opinion
on these financial statements based on my audit.

I conducted my audit in accordance with generally accepted
auditing standards. Those standards require that I plan and perform
the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit also includes
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation. I believe that my audit provides a reasonable
basis for my opinion.

In my opinion, the financial statements referred to above
present fairly, in all material respects, the financial position of
Strategic Alliance Group, Inc. at September 30, 1999 and the
results of its operations and its cash flows for the year ended,
in conformity with generally accepted accounting principles.
The accompanying financial statements have been
prepared assuming that the Company will continue as a
going concern. As discussed in Note 2 to the financial
statements, the Company, has a very limited operating
history, has a shareholder and working capital deficiency of
$76,723 and $102,723 respectively, and has suffered
recurring losses since inception. The Company's lack of
financial resources and liquidity as of September
30, 1999 raises substantial doubt about its ability to continue
as a going concern. Management's plans regarding those
matters also are described in Note 2. The financial statements
do not include any adjustments that might result from the
outcome of this uncertainty.


Aaron Stein
Cedarhurst, New York
November 10, 1999

                      STRATEGIC ALLIANCE GROUP, INC.
                             BALANCE SHEET
                           SEPTEMBER 30 1999
                                 ASSET
Current  assets:

     Cash                                                                   $219

     Other assets                                                   26,000

     Escrow

 	  TOTAL ASSETS                               $26,219


           LIABILITIES AND SHAREHOLDERS' DEFICIT

Current Liabilities:
   Preferred dividends                                        $102,942
Shareholders deficit:
   Common stock, $.10 par value,
    authorized 500,000,000 shares,
    356,249,977 issued and outstanding    $35,624,998
     Preferred stock, $.10 par value,
     authorized 5,000,000 shares
          428,928 issued and outstanding                42,893

     Additional paid-in capital                          (23,226,413)

     Accumulated deficit                                    (12,518,201)
Total shareholders' deficit                                $(76,723)

131:TOTAL LIABILITIES AND SHAREHOLDERS'DEFICIT    $26,219


             See accompanying notes to financial statements


                 STRATEGIC ALLIANCE GROUP, INC.
                   STATEMENT OF OPERATIONS
            FOR THE YEAR ENDED SEPTEMBER 30, 1999


  REVENUE 	                                                      $0
     Administrative and operating expenses             764,306

Loss from continuing operations before other income
(expense)        		           (764,306)
Other income (expenses)

    Gain on sale of fixed assets                                   $2,544

    Interest expense                  (679)                              1,865

    Net loss                              $(762,441)

    Earnings per share of common stock              $(0.0034)




             See accompanying notes to financial statements



                            STRATEGIC ALLIANCE GROUP, INC.
                    STATEMENT OF CHANGE IN SHAREHOLDERS EQUITY
                       FOR THE YEAR ENDED SEPTEMBER 30, 1999

                     Common     Common     Additional
                       Stock           Stock            Paid       Accumulated
                       Shares        Amount        In Capital     Deficit

Balance-September
30, 1998            100,793,040  10,079,304  $(872,551)    $(11,755,760)

Issuance of
common stock   49,900,000   4,990,000  (4,729,009)

Issuance of
common stock for
services rendered
and settlement of
other long term
liabilities          205,556,937  20,555,694  (17,590,539)

Net loss            		                             (762,441)
Balance- September
30, 1999          356,249,977  $35,624,998 $(23,192,099)   $(12,578,515)


                       STRATEGIC ALLIANCE GROUP, INC.
                                CASH FLOW
                    FOR THE YEAR ENDED SEPTEMBER 30, 1999

Cash flows from operating activities:

  Net loss 		       (762,441)
Adjustments to reconcile net loss to
net cash used by operating activities:

   Gain on sale of fixed assets                              $(2.544)

Issuance of common stock for services
          rendered and other long term liabilities       2,954,530

Changes in operating assets and liabilities:
   Accounts payable and accrued expenses     (129,581)

   Preferred dividends                                                34,314

   Other long term-liabilities          (2,342,131)    514,588

Net cash used in operating activities                (247,853)
Cash flow from investing activities:
Proceeds from sale of furniture and equipment   10,770
Cash flow from financing activities:

Proceeds from sale of common stock                237,302

Increase in Cash 		                219

Cash at beginning of year                                                 0

Cash at end of year 		            $219


          See accompanying notes to financial statements


	NOTES TO FINANCIAL STATEMENTS
                              SEPTEMBER  3O, 1999

Note 1: Organization, Business and Significant Accounting Policies
Organization - Strategic Alliance Group, Inc. was incorporated
under the laws of the State of Florida in September, 1991.
In that month, it 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 is 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.
Computation of loss per share - Net loss per share is
based upon the weighted average number of shares of Common
Stock and common equivalent shares consisting of options
(using the treasury stock method) outstanding for each of the
periods presented. Common equivalents shares are not
considered if the result would be anti-dilutive
Note 2: Going Concern Consideration - The accompanying
financial statements have been prepared assuming that
the Company will continue as a going concern The
Company has a very laminated operating history, has a
shareholder and walking capital deficiency of $76,723
and $102,723 respectively and had losses since inception.
The Company's lack of financial resources and liquidity at
September 30, 1999 raises substantial doubt about its ability
to continue as a going concern. The financial statements do
not include any adjustments that might result from the outcome
of this uncertainty.  The Company has been dependent upon
raising debt and equity funding to remain in existence as a
going concern.  Its continued existence is also dependent on
equity funding.  With respect to the Company's going concern
considerations, on May I 7, 1999, negotiations were concluded
by which Eutro Group Holding, Inc. would be acquired by Ivy
Entertainment.Com. Inc. (by) in a reverse merger.  As
consideration for this reverse merger, the Company will
issue and exchange 8,575,000 shares of its common stock,
after it has undergone a 250 for 1 reverse split. These shares
are to be issued to the sole shareholder of Ivy, Mr. Richard
Gladstone, in exchange for 1000 shares of common stock of Ivy,
which is the total amount of common stock issued and
outstanding. The shares of the Company's common stock
received by Mr. Gladstone pursuant to the reverse acquisition
agreement will be restricted stock as defined in Rule 144
of the Securities act.  To effectuate the merger Ivy must represent
to the Company that it has a minimum of $5,000,000 in tangible
assets when the merger is completed.
On August 10, 1999 the shareholders of the Company approved
the reverse merger of the Company and Ivy.
Note 3: Shareholder' Deficit - During the year ended
September 30, 1999 the Company issued 49,900,000
shares of common stock and received proceeds of $237,302.
In exchange for services from non-employees and in settlement
of long-term liabilities the Company issued 205,556,937
shares of common stock.
Note 4:  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 due to the
Company's NOL position and recent losses. The Company
expects to record a deferred tax asset, which will be fully
reserved through the recording of a 100% valuation allowance.



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

The following should be read in conjunction with the
financial statements and notes thereto appearing in Item 1
of this form. As indicated in the Financial Statements, there
is substantial doubt about Strategic Alliance Group, Inc.'s
ability to continue as a going concern due to its ongoing illiquidity.

It is highly unlikely that Strategic Alliance Group, Inc. can
satisfy its cash requirements for the next 12 months without
resorting to raising additional funds through the sale of common
stock or effecting a reverse merger.

Strategic Alliance Group, Inc. plans no product
research and development for the term of the Plan.

During the period covered by the financial statements
and the next 12 months of this Plan, Strategic significantly
changed the focus of its business activities from business
and financial consulting to the sale of the company to a more
financially secure organization that could make better use of
its OTC Electronic Bulletin Board listing, in other words, to
become the target of a reverse merger.

After a prolonged search and discussions with several
possible merger partners, Strategic management decided
that the candidate offering the best solution to its problems
was the company IVY Entertainment.Com, Inc. In-depth
discussion with Ivy management only reinforced Strategic's
conviction that this course of action was in the best interest
of its share holders.

IVY Entairtainment.Com (IVY) was incorporated under
Florida law on May 25, 1999. It is a development stage
company that currently has no operations or business
activities. It intends to expend its operations through
acquisitions and by entering into distribution and marketing
agreements with select companies having particular focus
on the entertainment, hospitality, financial and technology
industries. IVY has entered into a letter of intent with Strategic
Management Corp., a company that intends to be a one stop
financial services firm catering to small business owners
and individuals with a net worth of $500,000 or more.
To enhance its entertainment division, IVY has entered
into a marketing agreement with Touch Entertainment, Inc.
to distribute its touch screens to night clubs and eateries
throughout the world. To enhance its technology division, IVY
has entered into a distribution agreement with Sense
Technologies, Inc. to distribute its biometric (fingerprint)
employee verification and authentication system and with
Global Communication Networks, Inc. to distribute its
internet services and long distance telephone services.

The offices of IVY Entertainment.Com are located at
2505 Boca Raton Boulevard, Suite 1, Boca Raton , Florida,
33431. The telephone number is (561) 367 8565.

IVY intends to create an active trading market for its
common stock by engaging in a reverse merger with a public
shell. On May 17, 1999, IVY entered into a definitive stock-for-stock
exchange agreement with Strategic Alliance Group, Inc. Pursuant to
such acquisition agreement, IVY shareholders will acquire a
controlling interest of approximately 85% in Strategic. Strategic
will then be  under new management that intends to change the
company name to Strategic Alliance Group, Inc.

There are five obligations binding both parties to the
reverse merger. First, present Strategic shareholders must
approve a 250 to 1 reverse stock split of Strategic common
stock. Second, Strategic must satisfy all its liabilities. Third,
IVY is committed to having assets, measured in accordance
with generally accepted accounting principles, valued at a
minimum of $5,000,000. Fourth, the closing of the reverse
merger must take place on or before July 31, 1999, unless
extended by the mutual consent of both parties. Fifth, the reverse
merger is subject to satisfactory due diligence by both parties.

IVY's authorized capital consists of 20,000,000 shares
of Common Stock, par value $.01 per share and 10,000,000
shares of Preferred Stock par value $.01 per share. As of
September 1, 1999, IVY has 1,000 shares of common stock
issued and outstanding.

As Strategic has no permanent full time employees,
there is no problem of significant changes or reductions. No
long term fixed contract exists with any temporary employment
service.


PART II  OTHER INFORMATION


Item 1.  Legal Proceedings

(a)	Pending legal proceedings

On June 30, 2000, Strategic Alliance group, Inc. had
no pending legal proceedings against it and its management
was not aware of any that were awaiting filing.

(b)	Pending governmental agency procedures

On June 30, 2000, Strategic Alliance Group, Inc. 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

(a)	There have been no modifications in the
instruments defining the rights of the holders of any class of
registered securities.
(b)	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.
There are no legal restrictions on working capital or
limitations upon the payment of dividends. The only restricting
factors in either of these two items are a paucity of earnings.

Item 3.  Defaults Upon Senior Securities.

As indicated in Form 10-SB previously filed, the
registrant is in default on the dividend payment on its
Series A Preferred Stock. The amount of arrears is indicated
in the financial statements contained in Part I of this report.

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
the solicitation of proxies or otherwise.

On August 10, 1999, the Registrant held a special meeting
of its Board of Directors. In this meeting, the proxies that were
solicited and received by August 9, 1999, were voted. The matters
presented to the Board of Directors were the following:

1.	To approve and adopt amended and restated
Articles of Incorporation of Strategic Alliance Group, Inc. in the
form attached to the Proxy Statement dated July 9, 1999.
2.	To authorize and grant the Board of Directors to
approve and ratify the removal of Article 9 of the original
corporation (Bio-Analytic Laboratories, Inc. a Florida corporation)
amended without stockholder approval in October, 1991, through
reverse acquisition of Strategic Alliance Group, Inc.
3.	To approve and authorize the Board of Directors,
in its sole discretion, to proceed if it is deemed necessary,
with a reverse stock split not to exceed I for 250 with cash in
lieu of fractional shares.
4.	To approve and grant the Board of Directors
the authority to increase the authorized share capital to 100,000,000
shares, after the reverse split. This also shall occur if the Board
of Directors shall deem it necessary.
5.	To approve and grant the Board of Directors the
authority to acquire Ivy Entertainment.Com, Inc. a Florida corporation,
in consideration of 8,575,000 shares of Strategic Alliance Group,
Inc. new common stock for 100% of the capital stock of Ivy. The new
Strategic shares shall be restricted shares under SEC Rule 144.
6.	To approve the change of name of Eutro Group
Holding, Inc. to Strategic Alliance Group, Inc.

All the above were approved by the voting of proxies which
were 64% in favor of adoption.

 Item 5.  Other Information.

On May 9, 2000, Richard Gladstone and Howard Helfant
submitted their resignations as directors and officers of Strategic
Alliance Group, Inc. leaving Mark Colacurcio as the sole director
and officer.


Item 6.  Exhibits and Reports on Form 8-K

Non-Applicable





SIGNATURES

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.

STRATEGIC ALLIANCE GROUP, INC.

By:  /s/   Mark Colacurcio
Name:  Mark Colacurcio
Title:     President